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Cable Update (GBPUSD)

  • #162,941
  • Sep 3, 2009 1:26am Sep 3, 2009 1:26am
Good day to you,

Just be careful. My stop is at B/E @ 1.6299. This may also pull back.
  • #162,942
  • Sep 3, 2009 1:30am Sep 3, 2009 1:30am
Quoting direct-trade


SL moved to BE at 16162. Price at +110 ATM, will hold long.

http://www.forexfactory.com/showpost...stcount=162824


Partial position closed here at 16320, +158.

Holding Long.
  • #162,943
  • Sep 3, 2009 1:32am Sep 3, 2009 1:32am
Quoting TauTrader
Good day to you,

Just be careful. My stop is at B/E @ 1.6299. This may also pull back.
You're allready out? I'm still watching it...trading with smaller lots than yetsterday, so I can't lost so much.
-- There's no winner without lose --
  • #162,944
  • Sep 3, 2009 1:33am Sep 3, 2009 1:33am
Short at 1.6315 SL 1.6330
  • #162,945
  • Sep 3, 2009 1:35am Sep 3, 2009 1:35am
added short @1.6320, upper bound of descending channel
Attached Image (click to enlarge)
Click to Enlarge Name: GU.jpg Size: 215 KB
  • #162,946
  • Sep 3, 2009 1:37am Sep 3, 2009 1:37am
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.
Targets posted above still in play.
  • #162,947
  • Sep 3, 2009 1:41am Sep 3, 2009 1:41am
Quoting direct-trade
Targets posted above still in play.
Is this the right time to get long DT?
Enter Signature
  • #162,948
  • Sep 3, 2009 1:45am Sep 3, 2009 1:45am
Quoting basitata
Is this the right time to get long DT?
I would wait for GBP news first, remember also NFP tomorrow.

Wait for confirmation, could retrace a little from here first. Just MHO.

I have taken partial profits and SL at BE, so can hold through news.
  • #162,949
  • Sep 3, 2009 1:49am Sep 3, 2009 1:49am
Quoting direct-trade
I would wait for GBP news first, remember also NFP tomorrow.

Wait for confirmation, could retrace a little from here first. Just MHO.

I have taken partial profits and SL at BE, so can hold through news.
hmm. thanks!

please make a call if news looks favorable
Enter Signature
  • #162,950
  • Sep 3, 2009 1:52am Sep 3, 2009 1:52am
what's up playaz ... apart from cable that is
Thank You
  • #162,951
  • Edited 2:12am Sep 3, 2009 1:57am | Edited 2:12am
Quoting player2345
You went against the grain and made some great pips. What did you see that everyone else didn't see?
I'm seeing what everyone else is seeing. However seeing and DOING are two completely different matters. Maybe others did see but didn't like what they saw..?!..and rather did what they wanted to see....
Combine that with sound analysis of macroeconomic facts and figures which again are available for all to see on the first page right here on good old FF, and Voila! you can start doing amazing stuff....
Never underestimate macroeconomics because that's what's forming the prices on the charts...
All the result of hard work....but as you very well know, all of us have to do that hard work for ourselves.
I give you an example for your viewing pleasure...everyone and I mean every single one here had the opportunity to see this formation on the chart...everyone!...
I wish you the best and success in your trading.

anyway...I'm gonna keep my position flat for the rest of the week....

Have fun and Trade Smartly!
Attached Image
Hear the music before the song is over ...
  • #162,952
  • Sep 3, 2009 2:00am Sep 3, 2009 2:00am
Quoting JamesCZ
You're allready out? I'm still watching it...trading with smaller lots than yetsterday, so I can't lost so much.
Went in again @ 1.6295. Stop placed below the 1.6285 previous resistance / now possibly support. Stop @ 1.6280. I'm giving it a bit more room this time round. Target in the 1.6365 to 1.6370 area. Focus will be on price behaviour around the 1.6220 level

Good luck.
Attached Image (click to enlarge)
Click to Enlarge Name: gu0013.gif Size: 17 KB
  • #162,953
  • Sep 3, 2009 2:05am Sep 3, 2009 2:05am
G/M

Bullish sentiment persists as Overnight/asian session pullback Lo at 6237 has seen a steady rise to current highs, the rate running into a 4 fib cluster @ 6317-27 area (76.4% 6380-6108,38.2% 6665-6108, 23.6% 7044-6108 & 76.4% 6381-6108) Above here and rate enters a previous 4hr swing hi=previous resistance=potential resistance zone that extends 6328-82 with the 50% of 6622-6108 being in there at 6367.

The 1hr chart looks as below, and the aforementioned prev 4hr swing hi co-exists with a1hr prev sw hi that extends 6362-82, as the descending potential resistance trend line has also been breeched to the upside:

G/L

http://i29.tinypic.com/9r7oyp.gif
ex member
  • #162,954
  • Sep 3, 2009 2:07am Sep 3, 2009 2:07am
I don't like to go against the corn, but I'm looking for a short at UK open
  • #162,955
  • Sep 3, 2009 2:07am Sep 3, 2009 2:07am
340, then 370.
  • #162,956
  • Sep 3, 2009 2:12am Sep 3, 2009 2:12am
Quoting alex1976
340, then 370.

You mean that you are looking for resistance around the 340 level?

Cheers,

Ant
  • #162,957
  • Sep 3, 2009 2:16am Sep 3, 2009 2:16am
Quoting wormboy
what's up playaz ... apart from cable that is
lol...yo,yo playa...waz goin on... uno, dos, tres, cuatro....lol
Hear the music before the song is over ...
  • #162,958
  • Sep 3, 2009 2:16am Sep 3, 2009 2:16am
Quoting antic81
You mean that you are looking for resistance around the 340 level?

Cheers,

Ant
first test, then 370 next stop
  • #162,959
  • Sep 3, 2009 2:18am Sep 3, 2009 2:18am
Quoting alex1976
first test, then 370 next stop

Im gonna wait for the 3 am candle to close, before deciding.
  • #162,960
  • Sep 3, 2009 2:20am Sep 3, 2009 2:20am
Quoting GlobalMacro
lol...yo,yo playa...waz goin on... uno, dos, tres, cuatro....lol
calle ocho! lol how's it going gm. Excellent trading bro hats off to you & dt
Flat atm, you holding?
Thank You
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