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Cable Update (GBPUSD)

  • #160,881
  • Aug 26, 2009 5:42am Aug 26, 2009 5:42am
Quoting WedWed
Becuse ..
That is why I am already long with a small position and shall add at this level 6270 or lower, taking the whole move up. SL well below6250.
Make sure losses are small and profits are bigger!
  • #160,882
  • Aug 26, 2009 5:43am Aug 26, 2009 5:43am
Quoting direct-trade
Good morning all !

Taxi to first stop, 1.600 anyone?
Good one!
Make sure losses are small and profits are bigger!
  • #160,883
  • Aug 26, 2009 5:46am Aug 26, 2009 5:46am
Quoting 2be
That is why I am already long with a small position and shall add at this level 6270 or lower, taking the whole move up. SL well below6250.
There could be a bounce from this level, but how high or how strong is anyones guess.

I would say that after 5/6 bearish days and with price now testing the neckline(?) we could fall sharply if breached.

16270/80 area will support for a while, but I favour a fall from here.

Good luck.
  • #160,884
  • Aug 26, 2009 5:47am Aug 26, 2009 5:47am
Quoting direct-trade
Could be, or could be this instead bro?
Man i was half way there... than you bet me to it.

How you doing DT.... Good to see we riding the same train
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #160,885
  • Aug 26, 2009 5:50am Aug 26, 2009 5:50am
Quoting Bull_Bear
Man i was half way there... than you bet me to it.

How you doing DT.... Good to see we riding the same train
Not too bad bro, this PA is like watching paint dry lol. Hopefully the larger orders will feed in during the news this afternoon and breach the neckline.

Have a good one
  • #160,886
  • Aug 26, 2009 5:51am Aug 26, 2009 5:51am
Quoting 2be
That is why I am already long with a small position and shall add at this level 6270 or lower, taking the whole move up. SL well below6250.
Same here added some long on the way down
  • #160,887
  • Aug 26, 2009 5:52am Aug 26, 2009 5:52am
Quoting direct-trade
There could be a bounce from this level, but how high or how strong is anyones guess.

I would say that after 5/6 bearish days and with price now testing the neckline(?) we could fall sharply if breached.

16270/80 area will support for a while, but I favour a fall from here.

Good luck.
I also use Delta historic counts, it would be reasonable to assume the L1.6274 to be taken then a good move up. But it is risky, since the SL.
Make sure losses are small and profits are bigger!
  • #160,888
  • Edited 6:07am Aug 26, 2009 5:53am | Edited 6:07am
Interesting wait for US session open, where H1/H4 close/open ? My focus 1.6299/1.6302 - 1.6266 (S1) !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #160,889
  • Aug 26, 2009 5:54am Aug 26, 2009 5:54am
Quoting WedWed
Just Check up you Daily chart too and u will see as i mention above .
Yes there is support there but this support I fell will be breached, why because the main TL is already breach. The TL you pointed out is also a trend but minor to the main TL.

Here....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Daily.JPG Size: 74 KB
Click to Enlarge Name: 4H.JPG Size: 134 KB
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #160,890
  • Aug 26, 2009 5:56am Aug 26, 2009 5:56am
Quoting nAVIN2007
I WOULD LOVE TO GO BACK TO 1.70 i dunno how i missed that opportunity to sell..definately bearish if it closes below this level..next week im a bear
Don't you start getting tunnel vision now... Stick to your charts bro
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #160,891
  • Aug 26, 2009 5:57am Aug 26, 2009 5:57am
Quoting direct-trade
Could be, or could be this instead bro?

on long term i am agree with u ..

but for today this what i think will be
Attached Image (click to enlarge)
Click to Enlarge Name: 8-26-2009 1-54-41 PM.png Size: 26 KB
Never sell @ lower upward channel unless breacked and vise versa .
  • #160,892
  • Aug 26, 2009 5:57am Aug 26, 2009 5:57am
Boo Yah! we're here

earlier chart: http://www.forexfactory.com/attachme...8&d=1251268922

still selling
Attached Image (click to enlarge)
Click to Enlarge Name: gu4.JPG Size: 93 KB
Thank You
  • #160,893
  • Aug 26, 2009 6:01am Aug 26, 2009 6:01am
Quoting Bull_Bear
Yes there is support there but this support I fell will be breached, why because the main TL is already breach. The TL you pointed out is also a trend but minor to the main TL.

Here....

I am agree with u in long term
but my target here only 1.64 not 1.7
Never sell @ lower upward channel unless breacked and vise versa .
  • #160,894
  • Aug 26, 2009 6:02am Aug 26, 2009 6:02am
Quoting wormboy
Boo Yah! we're here

earlier chart: http://www.forexfactory.com/attachme...8&d=1251268922

still selling


Dale, Dale!...lol
Hear the music before the song is over ...
  • #160,895
  • Aug 26, 2009 6:05am Aug 26, 2009 6:05am
Quoting direct-trade
Good morning all !

Taxi to first stop, 1.600 anyone?
i like it bro


but dont go with this bear to the hell !! see u @ 1.64
Never sell @ lower upward channel unless breacked and vise versa .
  • #160,896
  • Aug 26, 2009 6:07am Aug 26, 2009 6:07am
time to fly 100 pips
Never sell @ lower upward channel unless breacked and vise versa .
  • #160,897
  • Aug 26, 2009 6:08am Aug 26, 2009 6:08am
Quoting GlobalMacro


Dale, Dale!...lol
lol

new low! again!


Anyone still think this is an uptrend?
Thank You
  • #160,898
  • Aug 26, 2009 6:08am Aug 26, 2009 6:08am
Quoting WedWed
I am agree with u in long term
but my target here only 1.64 not 1.7
I will take 1 lot of the table at 1.6220... not taking her long

Good luck
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #160,899
  • Aug 26, 2009 6:09am Aug 26, 2009 6:09am
Quoting 2be
I also use Delta historic counts, it would be reasonable to assume the L1.6274 to be taken then a good move up. But it is risky, since the SL.
LOaded Longs at 6270/ 63
Make sure losses are small and profits are bigger!
  • #160,900
  • Aug 26, 2009 6:09am Aug 26, 2009 6:09am
Quoting WedWed
time to fly 100 pips
lol
Thank You
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