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Cable Update (GBPUSD)

  • #155,061
  • Aug 4, 2009 9:54pm Aug 4, 2009 9:54pm
slow days scares me
Thank You
  • #155,062
  • Aug 4, 2009 10:09pm Aug 4, 2009 10:09pm
Quoting wormboy
slow days scares me
......Smile.........Be happy

Morning buddy...
Ghost Rider - WWTBMD?
  • #155,063
  • Aug 4, 2009 10:09pm Aug 4, 2009 10:09pm
Been out for a few weeks. I am back and I am short on this pair.Looks top heavy. There just doesn't seem to by any momentum above 1.6950. Looks like buyers are not interested in buying above the figure. News release may still push it up, but I thought a short here looked a good risk/reward combo. I am exercising extreme caution here given the trend so I have already set SL at BE.
  • #155,064
  • Aug 4, 2009 10:23pm Aug 4, 2009 10:23pm
I really hope it can touch at 1.6870 where the 55 ema line in H1 chart. Thats is where I will close all my sell.
  • #155,065
  • Aug 4, 2009 10:51pm Aug 4, 2009 10:51pm
Quoting forex888
I really hope it can touch at 1.6870 where the 55 ema line in H1 chart. Thats is where I will close all my sell.
i think that if we see 6870 then we will see also 6820/30, but i think it is unlikely, overall bias is up will buy near 6900.
  • #155,066
  • Aug 4, 2009 11:01pm Aug 4, 2009 11:01pm
Quoting albchr
......Smile.........Be happy

Morning buddy...

afternoon bro.
Thank You
  • #155,067
  • Aug 4, 2009 11:04pm Aug 4, 2009 11:04pm
Quoting wormboy

afternoon bro.
Halifax news is +1.1% very good news so until 4:30 eastern it might go towards 1.70. I got the positions just right after the news @ 1.69148 and 1.69255...
Now it is acting like trap between 1.6910-1.6920 but it seems like it is going north hopefully
  • #155,068
  • Aug 4, 2009 11:08pm Aug 4, 2009 11:08pm
Quoting Yngwie
Thanks guys.. sorry not my style to show any fancy chart to express my view. It may confuse people because mostly the only one who understand the chart is owner itself. To be frank, its doesn't help me at all. BUT some chart also helping people. I must agree with that.

I will post my latest view and position at 2PM GMT+8.

Cheers!




----------------------------
August profit/Loss: +320 pips
Hi guys,

No clear configuration to take any swing position now. Only small scalps [email protected] [email protected] [email protected] (28pips).
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #155,069
  • Aug 4, 2009 11:08pm Aug 4, 2009 11:08pm
Quoting asyed4
Halifax news is +1.1% very good news so until 4:30 eastern it might go towards 1.70. I got the positions just right after the news @ 1.69148 and 1.69255...
Now it is acting like trap between 1.6910-1.6920 but it seems like it is going north hopefully
lol what do I care.
why the need to quote me?
Thank You
  • #155,070
  • Aug 4, 2009 11:08pm Aug 4, 2009 11:08pm
Guys do please be careful as there is a lot of news out at 9:30am (UK). Just thought I'd remind you.
You've got to be IN IT to WIN IT!
  • #155,071
  • Aug 4, 2009 11:09pm Aug 4, 2009 11:09pm
seem like it going down even with good news from GBP.
  • #155,072
  • Aug 4, 2009 11:11pm Aug 4, 2009 11:11pm
Quoting leesm
seem like it going down even with good news from GBP.
I think we still have 49 minutes to open London and that is why it is a bit hesitating to go up.....
  • #155,073
  • Aug 4, 2009 11:11pm Aug 4, 2009 11:11pm
Quoting Yngwie
Hi guys,

No clear configuration to take any swing position now. Only small scalps [email protected] [email protected] [email protected] (28pips).

sorry but try placing that trade ... you will be stopped out as soon as you enter .. spread gu is 2 - 3 pips

r u placing these trades in live account .... this is what i meant about suspect posts
Blogging daily now at www.volume.zone
  • #155,074
  • Aug 4, 2009 11:13pm Aug 4, 2009 11:13pm
Quoting Ifty
Guys do please be careful as there is a lot of news out at 9:30am (UK). Just thought I'd remind you.
Thanks Ifty to remind that and with the help of GOD one out of 3 three news got down with +ve and we still have 2 more news left but it seems like both news at 4:30 am expectations towards positive (GOD knows the best)....

Thanks,

Alqaz Syed.
  • #155,075
  • Aug 4, 2009 11:14pm Aug 4, 2009 11:14pm
Quoting malcolmb14
sorry but try placing that trade ... you will be stopped out as soon as you enter .. spread gu is 2 - 3 pips

r u placing these trades in live account .... this is what i meant about suspect posts
Worse luck if you think you are helping anyone !
  • #155,076
  • Aug 4, 2009 11:14pm Aug 4, 2009 11:14pm
Quoting malcolmb14
sorry but try placing that trade ... you will be stopped out as soon as you enter .. spread gu is 2 - 3 pips

r u placing these trades in live account .... this is what i meant about suspect posts

hmmm...should be a typo.
  • #155,077
  • Aug 4, 2009 11:16pm Aug 4, 2009 11:16pm
high vol doji thingy ...long 6910

target ??maybe 6950

they are really playing with gu right now... high risk trade ....

Attached Image (click to enlarge)
Click to Enlarge Name: chart154.png Size: 153 KB
Blogging daily now at www.volume.zone
  • #155,078
  • Aug 4, 2009 11:20pm Aug 4, 2009 11:20pm
Quoting asyed4
I think we still have 49 minutes to open London and that is why it is a bit hesitating to go up.....
So u mean after it open, price might go up?
  • #155,079
  • Aug 4, 2009 11:23pm Aug 4, 2009 11:23pm
Quoting leesm
So u mean after it open, price might go up?

now if remaining news was bad , the pros would be using this good news , under low volume conditions to spike GU 50 pips , so that later they could sell at discount.

It is odd how there seems to be sellers sitting right around 1.6925 , not allowing this to go up
Blogging daily now at www.volume.zone
  • #155,080
  • Aug 4, 2009 11:23pm Aug 4, 2009 11:23pm
Quoting malcolmb14
high vol doji thingy ...long 6910

target ??maybe 6950

they are really playing with gu right now... high risk trade ....

Attachment

Right there with ya Mal. 6910
Ghost Rider - WWTBMD?
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