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Cable Update (GBPUSD)

  • #154,121
  • Aug 2, 2009 5:28pm Aug 2, 2009 5:28pm
Quoting 5abi
No cheat High was 6729 so far.
Suppose it depends on the broker.

IG Markets in the UK started trading at 9.00pm BST. Opened at 1.67515
Attached Image (click to enlarge)
Click to Enlarge Name: GU 2 Aug.jpg Size: 274 KB
  • #154,122
  • Aug 2, 2009 5:31pm Aug 2, 2009 5:31pm
Yes she went that high (16750) but I can`t post chart from IG (She gaped from the beggining and hunged at this level)

Have a save trading
London Trader
Quoting albchr


http://www.forexfactory.com/showpost...stcount=154094
Discomfort and profit often stand side by side
  • #154,123
  • Aug 2, 2009 5:33pm Aug 2, 2009 5:33pm
No point watching this for me, I'll wait for more momentum GBP news 9:30am GMT guess I'll start trading shortly after that.

UK / Europe traders go get some sleep, USA traders go out and party or something
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #154,124
  • Aug 2, 2009 5:36pm Aug 2, 2009 5:36pm
alright guys...see ya at LDN open...
Hear the music before the song is over ...
  • #154,125
  • Aug 2, 2009 5:38pm Aug 2, 2009 5:38pm
If 4hrs close below 6680 then bearish bias will be confirmed for shorter term.
  • #154,126
  • Aug 2, 2009 6:02pm Aug 2, 2009 6:02pm
here is my levels

http://forexforums.dailyfx.com/attac...1&d=1249254052

_______________

support resistance

.
  • #154,127
  • Aug 2, 2009 6:28pm Aug 2, 2009 6:28pm
tnx God!!
my SL was hit by this bitch on .6760 and i lost all pips which i had gathered during last week,

tnx God again cos i can go to bed and sleep without any stress
  • #154,128
  • Aug 2, 2009 6:35pm Aug 2, 2009 6:35pm
If this isn't price manipulation,then I dont know what is.
  • #154,129
  • Aug 2, 2009 6:36pm Aug 2, 2009 6:36pm
Y do u think so? Gu was very bulish?

Quoting drerhys
if this isn't price manipulation,then i dont know what is.
Its all in the mind.
  • #154,130
  • Aug 2, 2009 6:44pm Aug 2, 2009 6:44pm
For anyone still looking for an answer why is dollar so weak, I found this:
Attached Image (click to enlarge)
Click to Enlarge Name: millertime.jpg Size: 50 KB
Its all in the mind.
  • #154,131
  • Aug 2, 2009 6:45pm Aug 2, 2009 6:45pm
Quoting 5abi
Y do u think so? Gu was very bulish?
This "bullish" move is not supported by any fundamental, and it's getting ridiculous.

This is just stop hunting by the big money taking out the ants. There is no carry trade anymore or anything that would justify suchupswing in EUR and GBP. I expect this thing to reach the cliff pretty soon...;
"Everybody needs money. That's why they call it money" - Danny De Vito
  • #154,132
  • Aug 2, 2009 6:47pm Aug 2, 2009 6:47pm
This market is clearly telling everyone where it is going. No reason not to see 1.7 soon. The thrust is clear.
There's always money in the banana stand.
  • #154,133
  • Aug 2, 2009 6:49pm Aug 2, 2009 6:49pm
There was a post here sometime back about trading based on Fundamentals...

Anyways there were IMF comments about US being overvalued, US GDP better than expected yada yada..in a nutshell feeling getting out of Friday was that it is going to be a bullish few days carry trade or not. But yes to OP point, volume is so low so hard to trust a big move up...

Quoting slide
This "bullish" move is not supported by any fundamental, and it's getting ridiculous.

This is just stop hunting by the big money taking out the ants. There is no carry trade anymore or anything that would justify suchupswing in EUR and GBP. I expect this thing to reach the cliff pretty soon...;
Its all in the mind.
  • #154,134
  • Aug 2, 2009 7:05pm Aug 2, 2009 7:05pm
  •  zykas
  • | Joined Oct 2008 | Status: ... measure thrice, but cut once | 196 Posts
Is this thing going to 1.7050? ...monthly
Attached Image (click to enlarge)
Click to Enlarge Name: gu(august 3-8-09)a.gif Size: 18 KB
I like the Big Dogs because I trade like them
  • #154,135
  • Aug 2, 2009 7:12pm Aug 2, 2009 7:12pm
Quoting zykas
Is this thing going to 1.7050? ...monthly
I really don't think so. The treasuries data of last Friday didn't support the upmove. It's more likely a marked up before a tank. But, I must admit that the current chart is still very bullish unless Asian twists the direction
  • #154,136
  • Edited 7:18pm Aug 2, 2009 7:15pm | Edited 7:18pm
Hey Guys,

I entered short @ 1.67552 with SL @ 1.7758......

What do you think......?

Your ideas are welcome and appreciated.



Cheers
  • #154,137
  • Aug 2, 2009 7:16pm Aug 2, 2009 7:16pm
Dont know that far, but a 6850 is a good target tonight.

Quoting zykas
Is this thing going to 1.7050? ...monthly
Its all in the mind.
  • #154,138
  • Aug 2, 2009 7:18pm Aug 2, 2009 7:18pm
Quoting mohamedrizal
Hey Guys,

I entered short @ 1.67552 with SL @ 1.7758......

What do you think......?

Your ideas are welcome and appreciated.



Cheers

You are brave. I really hope it works out for you.Personally I'm staying out of the market for now. Way too unpredictable for my liking.
  • #154,139
  • Aug 2, 2009 7:19pm Aug 2, 2009 7:19pm
Quoting 5abi
Y do u think so? Gu was very bulish?
Slide basically said I was thinking.
  • #154,140
  • Aug 2, 2009 7:19pm Aug 2, 2009 7:19pm
  •  zykas
  • | Joined Oct 2008 | Status: ... measure thrice, but cut once | 196 Posts
Quoting mktjong
I really don't think so. The treasuries data of last Friday didn't support the upmove. It's more likely a marked up before a tank. But, I must admit that the current chart is still very bullish unless Asian twists the direction
I like the Big Dogs because I trade like them
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