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Cable Update (GBPUSD)

  • #152,821
  • Jul 30, 2009 5:25am Jul 30, 2009 5:25am
I sell at 16400 during the sell signal, profit stop at 16360 then I was working.
Now I am back and find the lowest price is 16365, and the current price is 16510,

and it seems H4 has a big rise.should I loss cut?

Thanks in advance.
  • #152,822
  • Jul 30, 2009 5:28am Jul 30, 2009 5:28am
Quoting albchr
Well, I've put a small short PO at 6520. 2 pips below last hours high and 5 above the pivot.

LOL..I knew that would lure it in. Now in short @ 6520, SL 6570
Ghost Rider - WWTBMD?
  • #152,823
  • Jul 30, 2009 5:28am Jul 30, 2009 5:28am
Quoting zhangli
I sell at 16400 during the sell signal, profit stop at 16360 then I was working.
Now I am back and find the lowest price is 16365, and the current price is 16510,

and it seems H4 has a big rise.should I loss cut?

Thanks in advance.
and?
I also had left sell positions from level 6420 and add even more sell if it try to cheat me so wait today-maximum tomorrow it will reach this level easily
ROBOT FOREX
  • #152,824
  • Jul 30, 2009 5:28am Jul 30, 2009 5:28am
quick jump brother...i will catch you...
- Always pray on your trading - God know the best for everyone
  • #152,825
  • Jul 30, 2009 5:31am Jul 30, 2009 5:31am
Quoting albchr
LOL..I knew that would lure it in. Now in short @ 6520, SL 6570
I'm also in for a short - current TP 1.6400 - come on Lets see some Tweezer Tops form.... on the 0.786 Fib
May the forex be with you |
  • #152,826
  • Jul 30, 2009 5:32am Jul 30, 2009 5:32am
Quoting Forbes55
and?
I also had left sell positions from level 6420 and add even more sell if it try to cheat me so wait today-maximum tomorrow it will reach this level easily
thanks for your, my brother.

do you have a hedge for it?
  • #152,827
  • Jul 30, 2009 5:33am Jul 30, 2009 5:33am
EUR/USD
Buy at 1.4030 limit at 1.4100 stop at 1.3970
Resistance/Support
1.4078/1.4118/1.4198/1.4261/1.4300/1.4340
1.4000/1.3980/1.3960/1.3876/1.3820/1.3740


USDCHF
Sell at 1.0870 limit at 1.0800 stop at 1.0930
Resistance/Support
1.0907/1.0953/1.1020/1.1120
1.0850/1.0816/1.0795/1.0747/1.0726


USD/JPY
Buy at 94.80 limit at 95.30 stop at 94.20
Resistance/Support
95.30/96.50/97.15/98.90
94.80/94.00/93.00/91.71


GBP/USD
Buy at 1.6330 limit at 1.6410 stop at 1.6270
Resistance/Support

R:1.6400/1.6466/1.6550/1.6582/1.6620
S1.6337/1.6300//1.6270/1.6240/1.6200
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GbpUsd-5-8(1).gif Size: 33 KB
Click to Enlarge Name: GbpUsd-5-8(2).gif Size: 125 KB
Click to Enlarge Name: GbpChf-5-8.gif Size: 21 KB
Click to Enlarge Name: GbpChf-5-8(1).gif Size: 23 KB
Click to Enlarge Name: GbpChf-5-8(2).gif Size: 23 KB
Click to Enlarge Name: GbpChf-5-8(3).gif Size: 29 KB
  • #152,828
  • Jul 30, 2009 5:33am Jul 30, 2009 5:33am
Guys don't you think it's a bit early for a sell...
  • #152,829
  • Jul 30, 2009 5:35am Jul 30, 2009 5:35am
Quoting zhangli
I sell at 16400 during the sell signal, profit stop at 16360 then I was working.
Now I am back and find the lowest price is 16365, and the current price is 16510,

and it seems H4 has a big rise.should I loss cut?

Thanks in advance.
depends on your tolerance level. If your account can handle another 50 odd pips might as well hold. Else, just cut your losses.
This is what my h4 looks like: http://www.forexfactory.com/attachme...1&d=1248945433

Good luck
Thank You
  • #152,830
  • Jul 30, 2009 5:35am Jul 30, 2009 5:35am
Im just think simply from overbuy at RSI and Stoch

@Forbess
how could you be sure it will go to 6400?
- Always pray on your trading - God know the best for everyone
  • #152,831
  • Jul 30, 2009 5:36am Jul 30, 2009 5:36am
Quoting Kamikaze456
Guys don't you think it's a bit early for a sell...
yes, agree with you.
H4 seems to be big up in following hours.

though I have short position in loss.
  • #152,832
  • Jul 30, 2009 5:37am Jul 30, 2009 5:37am
Hi Guys,
Iam still here still short and added to my position, I am looking at things in fairly simple terms.

We ahve had 2 previous down days, it is not unreasonable to expect this to be an up day.

It is at present though an extreame up compared with the last few bars, to expect an average bar and average top wick is not unreasonable.

To expect a daily reversal is not unreasonable.

I have work tomorrow and would dearly like to be in bed, but I feel, not only can I get my money back I can make a profit, and yes I was terribly unwise to anticipate an event that has not yet happened, I hope patience will cover the sin of lack of wisdom, time will tell

Happy trading
  • #152,833
  • Jul 30, 2009 5:38am Jul 30, 2009 5:38am
Quoting Hasnaa
GBP/USD
Buy at 1.6330 limit at 1.6410 stop at 1.6270
Resistance/Support
first we need to go there 6330 now
ROBOT FOREX
  • #152,834
  • Jul 30, 2009 5:38am Jul 30, 2009 5:38am
welp 6500 is still playing nice.
Thank You
  • #152,835
  • Jul 30, 2009 5:39am Jul 30, 2009 5:39am
Quoting wormboy
depends on your tolerance level. If your account can handle another 50 odd pips might as well hold. Else, just cut your losses.
This is what my h4 looks like: http://www.forexfactory.com/attachme...1&d=1248945433

Good luck
very nice chart.
SO I should cut at utl resistance around 16530....
  • #152,836
  • Jul 30, 2009 5:41am Jul 30, 2009 5:41am
Quoting wormboy
welp 6500 is still playing nice.

and a nice star is forming in H1

hope its the real one !!
  • #152,837
  • Jul 30, 2009 5:42am Jul 30, 2009 5:42am
Quoting qp2
Hi Guys,
Iam still here still short and added to my position, I am looking at things in fairly simple terms.

We ahve had 2 previous down days, it is not unreasonable to expect this to be an up day.

It is at present though an extreame up compared with the last few bars, to expect an average bar and average top wick is not unreasonable.

To expect a daily reversal is not unreasonable.

I have work tomorrow and would dearly like to be in bed, but I feel, not only can I get my money back I can make a profit, and yes I was terribly unwise to anticipate...
very kind words.
Have a nice sleep.
  • #152,838
  • Jul 30, 2009 5:44am Jul 30, 2009 5:44am
Quoting zhangli
very nice chart.
SO I should cut at utl resistance around 16530....
6550 to be safe. You need to see how price reacts at that level. If there's reversal then I see no harm in holding. Again my recommendation of the stop is based on the assumption that your account can handle the drawdown. If you can't then don't.
The chart is H4 btw.
Thank You
  • #152,839
  • Jul 30, 2009 5:44am Jul 30, 2009 5:44am
who first awake strong greedy North American bears now - will get the honourable prize and it's called "Don't cheat with me Pound -
I always win"
ROBOT FOREX
  • #152,840
  • Jul 30, 2009 5:45am Jul 30, 2009 5:45am
Quoting rastapips
and a nice star is forming in H1

hope its the real one !!
we'll know real soon
Thank You
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