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Cable Update (GBPUSD)

  • #158,481
  • Aug 17, 2009 11:22pm Aug 17, 2009 11:22pm
is there any of ur recommendation for today's trade Mr.wormboy?
  • #158,482
  • Aug 17, 2009 11:36pm Aug 17, 2009 11:36pm
Quoting navhin
is there any of ur recommendation for today's trade Mr.wormboy?
hi.

no recommendation. just that below 6380 your reward ratio for shorting is pretty high
6380 is an old foe. Today 6380 is seller's friend Still looking for 6165 as long as we're below this level.
Good luck.
Attached Image (click to enlarge)
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Thank You
  • #158,483
  • Aug 17, 2009 11:38pm Aug 17, 2009 11:38pm
for me dayly chart still showing bull, but I'll wait for a conform signal
  • #158,484
  • Aug 17, 2009 11:42pm Aug 17, 2009 11:42pm
thx for the info wormboy.. anyway my analysis shows me that the currency is going to hike up to 1.6450 when it reaches 1.6300. what do u think of it?
  • #158,485
  • Aug 17, 2009 11:45pm Aug 17, 2009 11:45pm
navhin, any chart from u? thanks
  • #158,486
  • Aug 17, 2009 11:48pm Aug 17, 2009 11:48pm
take a look at it
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 22 KB
  • #158,487
  • Aug 17, 2009 11:51pm Aug 17, 2009 11:51pm
Quoting navhin
thx for the info wormboy.. anyway my analysis shows me that the currency is going to hike up to 1.6450 when it reaches 1.6300. what do u think of it?
Maybe, but I can't see that happening from where we are now. I'll need to see how price reacts once we get to 6300 level to see if I agree with you The daily closed yesterday bearish, strong & piercing the major ltl. If I had to pick a side to trade, I'd pick the strong side. Entirely your call tho my friend.
Okay lunch time for me, catch you later & good luck !
Thank You
  • #158,488
  • Aug 18, 2009 12:25am Aug 18, 2009 12:25am
Bulls getting stonger.
  • #158,489
  • Aug 18, 2009 12:27am Aug 18, 2009 12:27am
Quoting Angelina
for me dayly chart still showing bull, but I'll wait for a conform signal
yes it is... my long @ 6330 moved to BE
  • #158,490
  • Aug 18, 2009 12:41am Aug 18, 2009 12:41am
Good morning,

In GY, yesterday we touched daily support line. Unfortunately, GY did not go so far more than S3 pivot point and come back. Resistance line of 15 mn was broken and GY goes high and high still there. Resistance line of weekly is still so far, than the support line will be our limit. We crossed Pivot point of the day: 154,75 and going to test next R1: 156,10. If crossed, R2 is 157,91. I went long for TP= R1. We will see after the news what to do.

Hope good trading for all.
If you resist at heart attack, you will be rich from trading.
  • #158,491
  • Aug 18, 2009 12:49am Aug 18, 2009 12:49am
see guys good start for this week, my real account
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  • #158,492
  • Aug 18, 2009 12:55am Aug 18, 2009 12:55am
wow, i think that is great, wish i could say that
  • #158,493
  • Aug 18, 2009 12:56am Aug 18, 2009 12:56am
Hey all nice to meet yall ; Im got some trading experience but still got questions , What would you guys reccomend a good stop loss / take profit pip ratio.. Thanks !
  • #158,494
  • Aug 18, 2009 12:59am Aug 18, 2009 12:59am
Quoting DavidValera
Hey all nice to meet yall ; Im got some trading experience but still got questions , What would you guys reccomend a good stop loss / take profit pip ratio.. Thanks !
For a good trade i Believe 20/100 ratio is good

stop should not more then 15 to 20 percent
  • #158,495
  • Aug 18, 2009 1:00am Aug 18, 2009 1:00am
Quoting Qu|cksilver
Hi,
Does anyone agree cable may go up to 1.9050 area? or will continue bearish when the market open on monday?

yes
  • #158,496
  • Aug 18, 2009 1:00am Aug 18, 2009 1:00am
Quoting pakitrader
I am watching cable for sexy short on 6480 area.

Cable retested 6390 and dropped but buyers still pushing it up


so intentions of buyers are very high and they look crazy to take cable North at any cost.

W can also see Gold Oil Stocks are still standing on hgh which tell me 6400 level would be broken at least.
look like it is coming back to 1.6300...........?
  • #158,497
  • Aug 18, 2009 1:09am Aug 18, 2009 1:09am
Quoting pakitrader
Stop hunt also cannot be neglected as sellers are too many and big boys dont like so many riding with them so be cautious.

Wait for 6480 area for good sell tight stop loss of 6505
ya 6480 is much batter area
  • #158,498
  • Aug 18, 2009 1:15am Aug 18, 2009 1:15am
Nikkie turn green at the end lolz more interesting later on...
  • #158,499
  • Aug 18, 2009 1:30am Aug 18, 2009 1:30am
we could see GU raising
  • #158,500
  • Aug 18, 2009 1:39am Aug 18, 2009 1:39am
Quoting pakitrader
I see break of 6490 today as cable came north due to some news regarding banking sector hence we saw stocks faliing as well Gold.

Now cable again coming to business and i see it up today.
Another one added to my click list....
Let Price determine your future!
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