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Cable Update (GBPUSD)

  • #157,501
  • Aug 12, 2009 9:36pm Aug 12, 2009 9:36pm
now is not the right time to go short
  • #157,502
  • Aug 12, 2009 9:44pm Aug 12, 2009 9:44pm
Any Idea...!?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-h44.gif Size: 28 KB
  • #157,503
  • Aug 12, 2009 9:46pm Aug 12, 2009 9:46pm
  •  zykas
  • | Joined Oct 2008 | Status: ... measure thrice, but cut once | 196 Posts
After the big rise and fall , is this thing back in the range mode , will it be stuck there as before?
Attached Image (click to enlarge)
Click to Enlarge Name: gu(august 13-8-09)n.gif Size: 28 KB
I like the Big Dogs because I trade like them
  • #157,504
  • Aug 12, 2009 9:49pm Aug 12, 2009 9:49pm
No Idea...
  • #157,505
  • Aug 12, 2009 10:03pm Aug 12, 2009 10:03pm
Range Forecast
1.6330-1.6583

Sell at 1.6510
limit at 1.6450
stop at 1.6560

Resistance/Support

1.6507/1.6560/1.6720/1.6773/1.6820/1.7034
1.6483/1.6387/1.6260/1.6089/1.6000/1.5981
  • #157,506
  • Aug 12, 2009 10:42pm Aug 12, 2009 10:42pm
Quoting grashid
LOL...I know buddy....He just loves her...true love...
Hear the music before the song is over ...
  • #157,507
  • Aug 12, 2009 10:50pm Aug 12, 2009 10:50pm
Quoting grashid
in orde to me to pump at higher price
WHAT MARIA IS SAYING TODAY
  • #157,508
  • Aug 12, 2009 10:50pm Aug 12, 2009 10:50pm
HI, This is Basit Ata and i am new in forex trading as well as in the forum. i have been contineously reading the threads and found your analysis and suggestion good.

Happay Trading.
Enter Signature
  • #157,509
  • Aug 12, 2009 10:51pm Aug 12, 2009 10:51pm
sell the currency at 1.6550 stop lost 6600 take profit 1.6450
  • #157,510
  • Aug 12, 2009 10:53pm Aug 12, 2009 10:53pm
hi fellas. I'm bullish atm and had reversed the earlier trade.
Trade details & why :

1. http://www.forexfactory.com/showpost...postcount=2339

2. http://www.forexfactory.com/showpost...postcount=2340

3. http://www.forexfactory.com/showpost...postcount=2342


See you guys in a couple of hours, good luck! Go go beer money!! lol
Thank You
  • #157,511
  • Aug 12, 2009 10:54pm Aug 12, 2009 10:54pm
Quoting GlobalMacro
LOL...I know buddy....He just loves her...true love...
Any Trade Idea?
Enter Signature
  • #157,512
  • Aug 12, 2009 11:30pm Aug 12, 2009 11:30pm
Quoting basitata
Any Trade Idea?

Im Long From 1.6552 SL 1.6493 TP open
Attached Image
  • #157,513
  • Aug 12, 2009 11:32pm Aug 12, 2009 11:32pm
Quoting basitata
Any Trade Idea?
Look at the RSI and Sto overbought....for this moment i don't take any trade, wait for candle confirmation
Trade with the momentum
  • #157,514
  • Aug 12, 2009 11:50pm Aug 12, 2009 11:50pm
I need to learn to follow my own entry rules...

Saw the morning long breakout this morning and I hesitated...kept thinking it was going to reverse...

Oh well I guess loss of opportunity is preferable to loss of capital...so they say!
  • #157,515
  • Aug 12, 2009 11:53pm Aug 12, 2009 11:53pm
Quoting sailor68
Look at the RSI and Sto overbought....for this moment i don't take any trade, wait for candle confirmation
what tf ?
what confirmation? Current H4 had invalidate the hanging man. H1 is very bullish.
Overbought/oversold levels shouldn't be solely used to gauge direction. It can be misleading.
Thank You
  • #157,516
  • Aug 12, 2009 11:55pm Aug 12, 2009 11:55pm
Quoting wormboy
what tf ?
What confirmation? Current h4 had invalidate the hanging man. H1 is very bullish.
Overbought/oversold levels shouldn't be solely used to gauge direction. It can be misleading.
wormie whats the target ?
  • #157,517
  • Aug 12, 2009 11:59pm Aug 12, 2009 11:59pm
Quoting Faryad
wormie whats the target ?
You know me bro, no specific target, just keep locking in profit & trail until I get stopped out. I still think 6600 is the line in the sand. Look at how current H1 price was pushed back so fast at the first sniff of 6600. Hope I didn't get duped into buying
Thank You
  • #157,518
  • Aug 13, 2009 12:04am Aug 13, 2009 12:04am
Quoting wormboy
what tf ?
what confirmation? Current H4 had invalidate the hanging man. H1 is very bullish.
Overbought/oversold levels shouldn't be solely used to gauge direction. It can be misleading.
Hi wormboy,

yes im agree, its bullish, when i said that its for take a position usually i use M5 and M15 with Overbought/oversold levels and candlestick pattern to find an entry, like now im waiting for the end of this pull back and a confirmation with a candle, when i open a trade its for the day, not for 2,3 days, one week or one month...hope that now its more clear...
Also thanks for your chart on this thread, i will put some also.....
Trade with the momentum
  • #157,519
  • Aug 13, 2009 12:10am Aug 13, 2009 12:10am
Quoting sailor68
Hi wormboy,

yes im agree, its bullish, when i said that its for take a position usually i use M5 and M15 with Overbought/oversold levels and candlestick pattern to find an entry, like now im waiting for the end of this pull back and a confirmation with a candle, when i open a trade its for the day, not for 2,3 days, one week or one month...hope that now its more clear...
Also thanks for your chart on this thread, i will put some also.....
okay cheers. Welp no comments then cause I don't trade the lower tf. Indicators lag from my point of view but if it works for you then cool
Have a good one
Thank You
  • #157,520
  • Aug 13, 2009 12:15am Aug 13, 2009 12:15am
Quoting wormboy
okay cheers. Welp no comments then cause I don't trade the lower tf. Indicators lag from my point of view but if it works for you then cool
Have a good one
Ok, i never keep a trade more than two days, maybe try (what about the SL do you use fix number of pips, or do you use S/R, and now what do you think about the shooting star on H1.....
Trade with the momentum
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