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Cable Update (GBPUSD)

  • #152,661
  • Jul 30, 2009 12:00am Jul 30, 2009 12:00am
Quoting samdani786
short triggerd at 6465
i see nothing to suggest shorting accept for a retrace guess..if anything its looking bullish..testing the top once again

good luck with the trade
  • #152,662
  • Jul 30, 2009 12:01am Jul 30, 2009 12:01am
Quoting samdani786
short triggerd at 6465
Whats your target and SL?
May the forex be with you |
  • #152,663
  • Jul 30, 2009 12:07am Jul 30, 2009 12:07am
LOL...took my SL to the pip at 6383....
Ghost Rider - WWTBMD?
  • #152,664
  • Jul 30, 2009 12:09am Jul 30, 2009 12:09am
where's my buddy Bi:Trader...

i think we where right about LONG
  • #152,665
  • Jul 30, 2009 12:10am Jul 30, 2009 12:10am
Aiming to short at the cross section around the daily uptrend (the two pins which formed) or the descending trendline (connecting the two peaks on hourly). If not there then the whore-rizontal resistance 16650ish.

I will probably scalp the whole number 16500 or 16505/08 if it spikes to it; I won't do this however if it drifts just before this area as this indicates a breakthrough (just like the 16570area).

Good trading.
  • #152,666
  • Jul 30, 2009 12:10am Jul 30, 2009 12:10am
shorted twice and stoped myself out58 out at 70....65 out at 78...short at 77... time will tell
  • #152,667
  • Jul 30, 2009 12:12am Jul 30, 2009 12:12am
Quoting albchr
LOL...took my SL to the pip at 6383....
wait for a breakout buddy...cause when this blows it will move
  • #152,668
  • Jul 30, 2009 12:14am Jul 30, 2009 12:14am
Quoting albchr
Hey buddy...


...to you.......to cable...short 6433...Sl 6483
did u get ur sl hit?
currently im selling too
but sl not decided yet ...
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Verily, in every difficulties there is relief
  • #152,669
  • Jul 30, 2009 12:17am Jul 30, 2009 12:17am
im just cut my loss...then it goes up
sucks!
- Always pray on your trading - God know the best for everyone
  • #152,670
  • Jul 30, 2009 12:18am Jul 30, 2009 12:18am
Quoting primzvicious
did u get ur sl hit?
currently im selling too
but sl not decided yet ...

i got one short from 6436

already negative. make me scared only but it already above the yest's high. if it goes beyond 6520 i will stop and control my lost.
  • #152,671
  • Jul 30, 2009 12:20am Jul 30, 2009 12:20am
Quoting FXFundi
Whats your target and SL?
SL 6520 TP open
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #152,672
  • Jul 30, 2009 12:21am Jul 30, 2009 12:21am
Quoting nAVIN2007
wait for a breakout buddy...cause when this blows it will move
I anticapated, unwisely it seems suspect now it will hit the 00, you are right though, wait, next time....
  • #152,673
  • Jul 30, 2009 12:24am Jul 30, 2009 12:24am
Quoting rastapips
i got one short from 6436

already negative. make me scared only but it already above the yest's high. if it goes beyond 6520 i will stop and control my lost.
seem it will test 261% 30Min chart around 1.6500-1.6510 area.. or if that cant hold then 161% 4H will be the last resistance 1.6540-16560.
Verily, in every difficulties there is relief
  • #152,674
  • Jul 30, 2009 12:24am Jul 30, 2009 12:24am
Quoting nAVIN2007
wait for a breakout buddy...cause when this blows it will move

LOL...breakout of what?...LOL This darn range doesn't seem to have any defianable areas for breaking out.

I should have just stuck to my range trading thinking........and skip all this trend line, small TF's etc. that I'm not used to....LOL

But it was a very small position so still in the game...
Ghost Rider - WWTBMD?
  • #152,675
  • Jul 30, 2009 12:26am Jul 30, 2009 12:26am
Looking like a rising channel....
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #152,676
  • Jul 30, 2009 12:27am Jul 30, 2009 12:27am
reversal? correction, or wishfull thinking on its way.....
  • #152,677
  • Jul 30, 2009 12:28am Jul 30, 2009 12:28am
Quoting albchr
LOL...breakout of what?...LOL This darn range doesn't seem to have any defianable areas for breaking out.

I should have just stuck to my range trading thinking........and skip all this trend line, small TF's etc. that I'm not used to....LOL

But it was a very small position so still in the game...
i hope your seeing a pattern...

it broke to the downside and wasnt happy...its looks dangerous
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  • #152,678
  • Jul 30, 2009 12:30am Jul 30, 2009 12:30am
Quoting nAVIN2007
i hope your seeing a pattern...

I am now.......Thanks Nav. Hadn't seen it that way.
Ghost Rider - WWTBMD?
  • #152,679
  • Jul 30, 2009 12:32am Jul 30, 2009 12:32am
Quoting albchr
I am now.......Thanks Nav. Hadn't seen it that way.
step back..look at the big picture and trade the mofo..

be lucky my friend
  • #152,680
  • Jul 30, 2009 12:32am Jul 30, 2009 12:32am
hard resistance 1.6485-1.6495 all of cci rsi r overbouth so we have a corection or range mode now no more upside near time
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