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Cable Update (GBPUSD)

  • #156,781
  • Aug 11, 2009 12:53am Aug 11, 2009 12:53am
Quoting malcolmb14
not sure ..... seems that gu is being allowed to fall under low volume . There really is no pros activity in the market as todays volumes were very light.

we should re test 1.6600 at some point .. should being the operative word
Thanks.

Im going to sleep now, I'll place some price alerts near that area to wake me up in case it gets there...
On a journey to consistency.
  • #156,782
  • Aug 11, 2009 12:54am Aug 11, 2009 12:54am
Can someone help me how different accounts can be operated using EA.?
  • #156,783
  • Aug 11, 2009 12:56am Aug 11, 2009 12:56am
Quoting Bull_Bear
Morning Guys,

Well Done to Wormie, DT and Malc .

I underestimated the strength of this ranging BEAR and jump off earlier by sticking to my BEER plan, maybe I was still tipsy when putting the plan together.

Took a small loss after a big gain no dramas though.

http://www.forexfactory.com/showpost...stcount=156611

I am now taking her long @ 1.6470 SL.... 1.6410.... TP 1.6550.... Than continue the short train.

See you guys at the london session
hey BB u mean to say uptrend started ????
  • #156,784
  • Aug 11, 2009 1:16am Aug 11, 2009 1:16am
Quoting Bull_Bear
Morning Guys,

Well Done to Wormie, DT and Malc .

I underestimated the strength of this ranging BEAR and jump off earlier by sticking to my BEER plan, maybe I was still tipsy when putting the plan together.

Took a small loss after a big gain no dramas though.

http://www.forexfactory.com/showpost...stcount=156611

I am now taking her long @ 1.6470 SL.... 1.6410.... TP 1.6550.... Than continue the short train.

See you guys at the london session
It's bullshit "click"
  • #156,785
  • Aug 11, 2009 1:20am Aug 11, 2009 1:20am
Morning All,

The momentum of the bear move of the last several days seems to be subsiding. Overall bullish tendencies still exist; as such I started to slowly build up my long position around 1.6450 level and will add as long as major supports remain intact.
Attached Image
Hear the music before the song is over ...
  • #156,786
  • Aug 11, 2009 1:24am Aug 11, 2009 1:24am
Hi guys! GU is more likely to go down to around 1.6350, and after that, it might have potentially to go up to around 1.66. Open 2 orders which ever executed first! [email protected] [email protected] [email protected] or [email protected] [email protected] [email protected] Valid until 7PM GMT+8 Happy trading!
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #156,787
  • Aug 11, 2009 1:36am Aug 11, 2009 1:36am
Standing aside waiting for entry.

Lower trendline retetsed, expect another retest this morning. Waiting for confirmation on 4hr.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu11-08-01.gif Size: 23 KB
Click to Enlarge Name: gu11-08-02.gif Size: 17 KB
  • #156,788
  • Aug 11, 2009 1:44am Aug 11, 2009 1:44am
Another chart:
Attached Image (click to enlarge)
Click to Enlarge Name: gu11-08-03.gif Size: 16 KB
  • #156,789
  • Edited 2:17am Aug 11, 2009 1:53am | Edited 2:17am
Quoting BobHall
with all due respect. at least get the direction correct in your signature, your sentiment is UP for GBP/USD...

kinda calling the kettle black aren't we?
What are you talking about? Check the signature sentiment, it was created on the 9th (time/date stamped) and hasnt been edited since.....It says Bearish.

With all due respect, at least get your facts right.
  • #156,790
  • Aug 11, 2009 2:19am Aug 11, 2009 2:19am
Quoting direct-trade
What are you talking about? Check the signature sentiment, it was created on the 9th (time/date stamped) and hasnt been edited since.....It says Bearish.

With all due respect, at least get your facts right.

what u think is it still bearish or has changed the direction ????????????????????
  • #156,791
  • Aug 11, 2009 2:20am Aug 11, 2009 2:20am
Im short from 6500, TP1 - 6480, SL 6540. Why? Well as a Price trader, it has found mid session resistance at the 00 and has now opened below the 2/8 MM Line which is the strong pivot line. I am only trading a 1 lot at the moement. I am looking for this line to act as resistance as confirmation of the down trend, before adding to my shorts.

I dont see any reason to long right now. Even if we are in "consolidation phase", I simply trade price as it tells me and right now, I see this as heading towards 6400 rather than 6600. However, what will change my mind is if we get a signal candle (i.e. a 5min candle that opens cleanly above 3SMA)

Time will tell, but thats how I see it. Good trading to all!

Sending this from my phone so cant attach chart, but will do so when Iget to the office.
  • #156,792
  • Aug 11, 2009 2:22am Aug 11, 2009 2:22am
Quoting zameer
what u think is it still bearish or has changed the direction ????????????????????
still bearish la..see the higher tf
  • #156,793
  • Aug 11, 2009 2:24am Aug 11, 2009 2:24am
Quoting Zuke
Im short from 6500, TP1 - 6480, SL 6540. Why? Well as a Price trader, it has found mid session resistance at the 00 and has now opened below the 2/8 MM Line which is the strong pivot line. I am only trading a 1 lot at the moement. I am looking for this line to act as resistance as confirmation of the down trend, before adding to my shorts.

I dont see any reason to long right now. Even if we are in "consolidation phase", I simply trade price as it tells me and right now, I see this as heading towards 6400 rather than 6600. However, what will...
Ha! Ha! Just as I type, an alert candle is forming on the 5min. If this closes above the 3SMA, I will close out the trade and step aside until we get clearer direction.
  • #156,794
  • Aug 11, 2009 2:50am Aug 11, 2009 2:50am
Quoting Zuke
Im short from 6500, TP1 - 6480, SL 6540. Why? Well as a Price trader, it has found mid session resistance at the 00 and has now opened below the 2/8 MM Line which is the strong pivot line. I am only trading a 1 lot at the moement. I am looking for this line to act as resistance as confirmation of the down trend, before adding to my shorts.

I dont see any reason to long right now. Even if we are in "consolidation phase", I simply trade price as it tells me and right now, I see this as heading towards 6400 rather than 6600. However, what will...
Good job, but your ratio is low! Me too, i went short but from 1.6480. down to 1.6450. No real sign for going yet long. Seems that 1.6500 as hard resistance. I'm out and waiting for impact of FA 8h30 GMT. Maybe reverse will happen maybe not after that. We'll see.
If you resist at heart attack, you will be rich from trading.
  • #156,795
  • Aug 11, 2009 3:34am Aug 11, 2009 3:34am
I bet the lot of you are itching to get into position. Be cool.

Btw, remember this chart? Lucky lines are awesome. Lol.

1. http://www.forexfactory.com/attachme...2&d=1248856262

2. http://www.forexfactory.com/attachme...0&d=1248980456

3. http://www.forexfactory.com/attachme...8&d=1249293923

Same lines, nothing redrawn.
Attached Image (click to enlarge)
Click to Enlarge Name: guh4.JPG Size: 81 KB
Thank You
  • #156,796
  • Aug 11, 2009 3:44am Aug 11, 2009 3:44am
are we still bearish
  • #156,797
  • Aug 11, 2009 3:48am Aug 11, 2009 3:48am
Quoting wormboy
I bet the lot of you are itching to get into position. Be cool.

Btw, remember this chart? Lucky lines are awesome. Lol.

1. http://www.forexfactory.com/attachme...2&d=1248856262

2. http://www.forexfactory.com/attachme...0&d=1248980456

3. http://www.forexfactory.com/attachme...8&d=1249293923

Same lines, nothing redrawn.
vote upper line
Verily, in every difficulties there is relief
  • #156,798
  • Aug 11, 2009 3:48am Aug 11, 2009 3:48am
Quoting trabagwe
are we still bearish
depends on who you ask.
Thank You
  • #156,799
  • Aug 11, 2009 3:49am Aug 11, 2009 3:49am
Quoting primzvicious
vote upper line
you dare count the H1 "flag" out?
Thank You
  • #156,800
  • Aug 11, 2009 3:50am Aug 11, 2009 3:50am
Quoting trabagwe
are we still bearish
what's your view, on both a tech and fundamental basis? has the wider than expected trade balance altered your forecast? any thoughts on Fed language tomorrow? will they increase QE or stall for now, due to improving conditions in the economy?
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