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Cable Update (GBPUSD)

  • #161,641
  • Aug 28, 2009 8:39am Aug 28, 2009 8:39am
hi DT......what do you think about shorting gu at 6432

Thanks
  • #161,642
  • Aug 28, 2009 8:42am Aug 28, 2009 8:42am
Thanks guys

Well that was a lot of work for +6!!!!!!!

Part of the problem is losing confidence when the price goes against me. ie holding losses and pulling out of profits too soon

m
  • #161,643
  • Aug 28, 2009 8:47am Aug 28, 2009 8:47am
i closed my buying position at 6375...
hope to ride again towards south soon....
  • #161,644
  • Aug 28, 2009 8:55am Aug 28, 2009 8:55am
Quoting direct-trade
I'll hold till 16440 and re-assess if we get there today.

Lets see what happens at 16385, I think we will slice up, but I could be wrong.
Pretty strong level isn't mate..... bouncing back and forth
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #161,645
  • Aug 28, 2009 8:58am Aug 28, 2009 8:58am
Quoting Bull_Bear
Pretty strong level isn't mate..... bouncing back and forth
if it closes below 38.2 fib.. i think 6270 might come into play again..lets see 2 mins


it did.. and Euro again closed under 1.437.. unable to break it... Bulls are gone?
  • #161,646
  • Aug 28, 2009 9:06am Aug 28, 2009 9:06am
Quoting MHuzaifa
hi DT......what do you think about shorting gu at 6432

Thanks
Wont be able to tell until we (if we) get there.

At the moment we could retrace to 16270/16300 area to pick up more buyers.
  • #161,647
  • Aug 28, 2009 9:09am Aug 28, 2009 9:09am
Quoting direct-trade
Wont be able to tell until we (if we) get there.

At the moment we could retrace to 16270/16300 area to pick up more buyers.
1.6300 must hold for any hope of return to 1.6400
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #161,648
  • Aug 28, 2009 9:18am Aug 28, 2009 9:18am
Quoting Bull_Bear
1.6300 must hold for any hope of return to 1.6400

i hope this can close as a pin...the rejection on 4hr gives hope..trade safe ladies
Attached Image (click to enlarge)
Click to Enlarge Name: trade.gif Size: 27 KB
  • #161,649
  • Aug 28, 2009 9:19am Aug 28, 2009 9:19am
Quick fall in Price to 16300...I wonder if we have one of these in the making this afternoon?:
Attached Image
  • #161,650
  • Aug 28, 2009 9:23am Aug 28, 2009 9:23am
Quoting direct-trade
Quick fall in Price to 16300...I wonder if we have one of these in the making this afternoon?:
with the 4hr reaction ..retrace to 50%, 4h pin of it..close of weekly (yet to confirmed) if it break we gonna sink..
  • #161,651
  • Aug 28, 2009 9:23am Aug 28, 2009 9:23am
here's what i see
major broken being tested twice but failed to break through
appears to me the cable resumes its tanking
Attached Image (click to enlarge)
Click to Enlarge Name: GU1.jpg Size: 231 KB
  • #161,652
  • Aug 28, 2009 9:27am Aug 28, 2009 9:27am
Quoting nAVIN2007
i hope this can close as a pin...the rejection on 4hr gives hope..trade safe ladies
If it does, its short city.... dame it I was 5 pips away from my TP. Will off load on the bounce to 1.6330
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #161,653
  • Aug 28, 2009 9:29am Aug 28, 2009 9:29am
Quoting Bull_Bear
If it does, its short city.... dame it I was 5 pips away from my TP. Will off load on the bounce to 1.6330
hang tight bro..i do agree, was waiting for this all day..hopefully it will be good...good luck all
Attached Image (click to enlarge)
Click to Enlarge Name: trade.gif Size: 28 KB
  • #161,654
  • Aug 28, 2009 9:29am Aug 28, 2009 9:29am
Could drop past 16270, thus triggering more Shorts placed below. Still think this is a trap.
  • #161,655
  • Aug 28, 2009 9:31am Aug 28, 2009 9:31am
Quoting direct-trade
Could drop past 16270, thus triggering more Shorts placed below. Still think this is a trap.
Same here
  • #161,656
  • Aug 28, 2009 9:36am Aug 28, 2009 9:36am
This price action has made me change my targets. They are now being increased.

1st and 2nd TP's have already been collected.
3rd still at 16440

Now placing new Tp's at 16600, 16732, 16874, 16998, 17143.
  • #161,657
  • Aug 28, 2009 9:37am Aug 28, 2009 9:37am
Quoting direct-trade
Could drop past 16270, thus triggering more Shorts placed below. Still think this is a trap.
This is no trap bro.... I always knew that 1.6385 was a strong level. When she bounces back to 1.6330, I shorting DT.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #161,658
  • Aug 28, 2009 9:41am Aug 28, 2009 9:41am
Quoting Bull_Bear
This is no trap bro.... I always knew that 1.6385 was a strong level. When she bounces back to 1.6330, I shorting DT.
Ok bro, see you at 171.
  • #161,659
  • Aug 28, 2009 9:42am Aug 28, 2009 9:42am
gud job .....

Quoting direct-trade
This price action has made me change my targets. They are now being increased.

1st and 2nd TP's have already been collected.
3rd still at 16440

Now placing new Tp's at 16600, 16732, 16874, 16998, 17143.
  • #161,660
  • Aug 28, 2009 9:48am Aug 28, 2009 9:48am
Quoting direct-trade
Ok bro, see you at 171.
1.6330 on the short side..... see you sub 1.6000
Veni, Vidi, Vici (We came, we saw, we conquered)
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