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Cable Update (GBPUSD)

  • #165,221
  • Sep 13, 2009 4:57pm Sep 13, 2009 4:57pm
Morning guys,

Staying short with cable.....

buying Dragon @ 150.75... SL... 149.90.... TP 151.90

See at the London session
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #165,222
  • Sep 13, 2009 5:12pm Sep 13, 2009 5:12pm
Short at 6680
SL : 6755
TP1 : 6600
TP2 : i'm not sure , but when tp1 got , i will go with her while moving my SL.

Any idea ?
  • #165,223
  • Sep 13, 2009 5:14pm Sep 13, 2009 5:14pm
Quoting direct-trade
Oil looks ready for a large drop soon.

As for best area to sell Cable, it is totally dependant on your risk appetite and I do not like to influence other's decisions.

But, if I had to, lol, I would say Shorting here with a SL above the right shoulder shown on the daily chart may be a good position, but be prepared for a spike through mid 168 area or higher just to shake loose a few tight Short stops.

Risk little at this stage and scale in as we move below the shaded areas and break the 4hr LTL shown on my charts is probably best for...
no offense but i bet that this scenario wont happen , it ll get down and rest on one of its support levels and will hit for a higher high ,,, i ll remind u later of this and everyone who supports this scenario cause i have seen alot of ppl saying that
  • #165,224
  • Sep 13, 2009 7:15pm Sep 13, 2009 7:15pm
Nice break, 6653.. locked in 25 pips.
lowest draw down possible please.
  • #165,225
  • Sep 13, 2009 7:54pm Sep 13, 2009 7:54pm
EURUSD this week - target 1,5180

Buy on dips, EUR was doing better than other currencies last week, should go on this week.

buy when 9,3,3 in 30 min is overbought in stockstic, near bottom all week (when %K is at 20-23) - starting around 1,4530 area

and take some profit when 28,7,7 in 30 min (when %K is near 90-95)
Attached Image (click to enlarge)
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Twitter: Forexlivetrade - Buy: AFFI.CPH ISIN: DK0015966592 - target 12 DKK
  • #165,226
  • Sep 13, 2009 8:00pm Sep 13, 2009 8:00pm
hi everyone,

just want to share my thoughts regarding GBP/USD move...

i think its still in the channel and shoudl bounce back up soon
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  • #165,227
  • Sep 13, 2009 8:57pm Sep 13, 2009 8:57pm
anyone knows where USD/JPY goes ? any thoughts about it ?
  • #165,228
  • Sep 13, 2009 9:01pm Sep 13, 2009 9:01pm
Quoting achnaide
hi everyone,

just want to share my thoughts regarding GBP/USD move...

i think its still in the channel and shoudl bounce back up soon
http://i29.tinypic.com/2pobqzk.gif


This is what i see
  • #165,229
  • Edited 9:09pm Sep 13, 2009 9:03pm | Edited 9:09pm
Quoting Jesus4748
no offense but i bet that this scenario wont happen , it ll get down and rest on one of its support levels and will hit for a higher high ,,, i ll remind u later of this and everyone who supports this scenario cause i have seen alot of ppl saying that


Well just collected my 1st take profit level at 16600 lol

http://www.forexfactory.com/showpost...stcount=165190

While I am at it I may as well collect my 2nd take profit on GBP/JPY from 15220 at 15022 +198.

http://www.forexfactory.com/showpost...stcount=164965

If we bounce, I'll be ready.

See you LDN
  • #165,230
  • Sep 13, 2009 9:14pm Sep 13, 2009 9:14pm
Quoting direct-trade
Well just collected my 1st take profit level at 16600 lol

http://www.forexfactory.com/showpost...stcount=165190

While I am at it I may as well collect my 2nd take profit on GBP/JPY from 15220 at 15022 +198.

http://www.forexfactory.com/showpost...stcount=164965

If we bounce, I'll be ready.

See you LDN
Hi DD...looking at GU, where do you think it is going? Buy or Sell now? Thanks...
  • #165,231
  • Sep 13, 2009 9:25pm Sep 13, 2009 9:25pm
Quoting direct-trade
Well just collected my 1st take profit level at 16600 lol
Hi DirectTrader, ya, I thought that.. But Monday morning here and no movements and it is sitting on 6663-6670 level for sometime, and I just closed one short that running from Friday, so did not taken that opportunity.. I was also sleepy...

Thanks and very good analysis...

Alpha Hamste, use your mind/analysis. Nothing is 100% perfect...
ABCD..
  • #165,232
  • Sep 13, 2009 9:29pm Sep 13, 2009 9:29pm
Watching PA with open mind... Go up or down...
Attached Image(s) (click to enlarge)
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ABCD..
  • #165,233
  • Sep 13, 2009 9:32pm Sep 13, 2009 9:32pm
Alpha Hamste, use your mind/analysis. Nothing is 100% perfect...[/quote]

Hi Sreeprakash...roger that. Just clear all my shorts for GU/ Au/ Eu bout half an hour ago. Going to wait till London time. Right now those majors look kinda iffy for me. Good luck with the trading.
  • #165,234
  • Sep 13, 2009 10:01pm Sep 13, 2009 10:01pm
Alpha, sorry for my above warning post...
I told you that from my experience....

Here you can see big daddy's playing big shots...
Conflicting analysis... Who is correct and whose analysis is right is we only know when PA go to there...

I read whole things here, participate sometimes, reads other forums, reads news analysis.... but I trade only with my own analysis... its not perfect, but we learn good things, we get more skills...

I was selling gbpusd in friday for 6630 target from 6674.
And when I planned to close it, market got closed...

So just came in morning to close it and I closed it on 6666. Thank God...

My analysis got right, I can see that now.. PA went more down from my TP..
But its new week and I dont know how PA acts and market is slow.. So closing is my only option...

Thanks...
ABCD..
  • #165,235
  • Sep 13, 2009 10:23pm Sep 13, 2009 10:23pm
Quoting sreeprakash
Alpha, sorry for my above warning post...
I told you that from my experience....

Here you can see big daddy's playing big shots...
Conflicting analysis... Who is correct and whose analysis is right is we only know when PA go to there...

I read whole things here, participate sometimes, reads other forums, reads news analysis.... but I trade only with my own analysis... its not perfect, but we learn good things, we get more skills...

I was selling gbpusd in friday for 6630 target from 6674.
And when I planned to close it, market got closed...

So...
Nothing to be sorry about. You are right all along, no analysis is bullet proof.

When in doubt, listen to Gershwin and put on SL as the ultimate mantra...OR don't go into the market at all
  • #165,236
  • Sep 13, 2009 11:08pm Sep 13, 2009 11:08pm
I see a possible turning point in the pound. It has entered oversold. At least on my charts.
  • #165,237
  • Sep 13, 2009 11:17pm Sep 13, 2009 11:17pm
Quoting sed34
I see a possible turning point in the pound. It has entered oversold. At least on my charts.
oversold???? what TF? m15?
  • #165,238
  • Sep 13, 2009 11:26pm Sep 13, 2009 11:26pm
hi all
just want to share my vision for gu
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  • #165,239
  • Sep 13, 2009 11:32pm Sep 13, 2009 11:32pm
Quoting akumelayu
oversold???? what TF? m15?
2hr
4hr is getting there. It will be there by the US session at this rate
  • #165,240
  • Sep 13, 2009 11:44pm Sep 13, 2009 11:44pm
Quoting eychenz
Short at 6680
SL : 6755
TP1 : 6600
TP2 : i'm not sure , but when tp1 got , i will go with her while moving my SL.

Any idea ?
i got TP , good start this week ...
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