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Cable Update (GBPUSD)

  • #173,661
  • Oct 7, 2009 2:28am Oct 7, 2009 2:28am
Need the h1 bar closed above 5920 as sign for upgoin , next target will be 5959 and if the trend breaks it 1.60 i think . As there are no news about GBP i won't be surprised if we touch 1.61 even today
  • #173,662
  • Oct 7, 2009 2:31am Oct 7, 2009 2:31am
Quoting forexlion
Miss GU playing with poor forex traders, watchout she is about to throw you down
yes bro..

one cowboy call from me..
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  • #173,663
  • Oct 7, 2009 2:32am Oct 7, 2009 2:32am
Quoting Piters
yes bro..

one cowboy call from me..
Bruno would love this
Thank You
  • #173,664
  • Oct 7, 2009 2:34am Oct 7, 2009 2:34am
Quoting wormboy
Bruno would love this
especially with my LONG side ??


  • #173,665
  • Oct 7, 2009 2:34am Oct 7, 2009 2:34am
Reversing the pattern of last few days. london open buys off the asian Lo in that previous 1hr swing lo=prev supp=potential supp zone circled below, also another touch of the 50% fib fan 3505-7044...Bullish regular divergence in oscillators 1min -1hr at the current intraday lows..

G/L
http://i33.tinypic.com/nbzwas.gif
ex member
  • #173,666
  • Oct 7, 2009 2:36am Oct 7, 2009 2:36am
Quoting Piters
especially with my LONG side ??


You call that LONG?? I don't see anything. It's still SHORT.
Thank You
  • #173,667
  • Oct 7, 2009 2:37am Oct 7, 2009 2:37am
Quoting Bull_Bear
Try this for measure, however this my risk, access yours...

1.5930 SL.. 1.5980.. TP.. 1.5850

than Reverse long at:

1.5850.. SL.. 1.5780.. TP.. 1.6140

Good luck
Great call BB - you read it like a book. Impress me.
May the forex be with you |
  • #173,668
  • Oct 7, 2009 2:39am Oct 7, 2009 2:39am
Quoting wormboy
You call that LONG?? I don't see anything. All I see is SHORT.
don't push mate..

[no signage posting next time] ...........
  • #173,669
  • Oct 7, 2009 2:46am Oct 7, 2009 2:46am
Quoting Alison
Here's my take based upon observation of patterns. It might not be right, because it's a work in progress...

Two things suggested false breakout this morning. The first is the lack of overnight consolidation. Movement overnight seems to weaken any breakout (not always though). Secondly, both the 15 min and 30 min candles that closed below support had flat bottoms and both touched the ema 21 and the lower bollinger band. These candles made me think twice about selling and to look for a buy.

Alison

Hi Alison,

Yes that is a very good point, it does seem to be a bit of a london morning trend of late, cable goes one way for around 30 - 40 pips and then reverses,
now it all depends on what you are looking for, long or short term trades, personally I am a short term scalper (under 50 pips mostly) so sometimes, if I am agressive a false break out is enough for me to take my profit and run!

Noticed cable is far more volitile during Asia recently, which is affecting the London breakout...shame because thats my favourite trading time.

We are in a bit of a no-mans land situation at the moment, yesterday was mostly ranging...

However today we may hopefully see a positive direction established...however we could remain in this trend for a while longer...lol!

Good Luck!
  • #173,670
  • Oct 7, 2009 2:47am Oct 7, 2009 2:47am
I am going long what u think peter brother its safe to go long in here ?

I am going long here
  • #173,671
  • Oct 7, 2009 2:48am Oct 7, 2009 2:48am
Quoting FXFundi
Great call BB - you read it like a book. Impress me.
The bitch missed my target by 10 pips, but it's all good I have reversed long and already booked profit for a shitty +30pips.

I'm long at 1.5900.. SL.. 1.5780.. TP 1.6140

All the way baby
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #173,672
  • Oct 7, 2009 2:51am Oct 7, 2009 2:51am
Quoting Bull_Bear
The bitch missed my target by 10 pips, but it's all good I have reversed long and already booked profit for a shitty +30pips.

I'm long at 1.5900.. SL.. 1.5820.. TP 1.6140

All the way baby

Hey dont knock 30 pips, thats my bread and butter! LOL
  • #173,673
  • Oct 7, 2009 2:53am Oct 7, 2009 2:53am
Quoting antic81
Hey dont knock 30 pips, thats my bread and butter! LOL
30 pips could also be your car , apartment and good holiday somewhere exotic
  • #173,674
  • Oct 7, 2009 2:53am Oct 7, 2009 2:53am
Quoting antic81
Hey dont knock 30 pips, thats my bread and butter! LOL
I don't roll like that if I can help it. Min for me is normally 50 pips, buts its all good.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #173,675
  • Oct 7, 2009 2:54am Oct 7, 2009 2:54am
Quoting pakitrader
I am going long what u think peter brother its safe to go long in here ?

I am going long here

GU no position, we are ranging.. and heading to test DPP and WPP.. so no long there untill we clear that level.. 1.5820/40 still is on play.. but better to wait on breakout (possible to down side)

GY.. im joking with worrmie .. but im in scalping mode.. taking some advantage from S/R levels.. collecting 20p on 5min.. currently long..

IF USDJPY rebound from 88.10 up, then we may see 141 again on GY.. then all depends from cable...

so.. in short, im scalping small pips until we see some breakout.. Im going to reshort GY from the retest point at 141 or closer.
  • #173,676
  • Oct 7, 2009 2:56am Oct 7, 2009 2:56am
This is the regular immediate bullish divergence set-up on 1hr @ current i/day lows...will 4hr close as a bullish engulging?...some way to go yet!

G/L

http://i33.tinypic.com/2cwq0jo.gif
ex member
  • #173,677
  • Oct 7, 2009 3:01am Oct 7, 2009 3:01am
Good MAE Everyone....
Ghost Rider - WWTBMD?
  • #173,678
  • Oct 7, 2009 3:02am Oct 7, 2009 3:02am
Quoting Bull_Bear
I don't roll like that if I can help it. Min for me is normally 50 pips, buts its all good.
Do you think we could see a break long of this rather tiresome channel we have been bouncing around in for the last few sessions?

I am still trying to work out the best strategy, I made a small profit of a couple of hundred quid last month, this month I aim to better it, off the knowledge learned from last months little silly mistakes, haha, so far this week is not going well!Lol

I go for 30 as my first target and then make a descision based on the momentum of the market when that target is hit, sometimes may hold for my second target of 40 and if Im really in the right place at the right time (not as often as Id like) go for the big 50!

Good luck on the long!
  • #173,679
  • Oct 7, 2009 3:02am Oct 7, 2009 3:02am
Quoting antic81
Hi Alison,

Yes that is a very good point, it does seem to be a bit of a london morning trend of late, cable goes one way for around 30 - 40 pips and then reverses,
now it all depends on what you are looking for, long or short term trades, personally I am a short term scalper (under 50 pips mostly) so sometimes, if I am agressive a false break out is enough for me to take my profit and run!

Noticed cable is far more volitile during Asia recently, which is affecting the London breakout...shame because thats my favourite trading time.
It's my favourite trading time too. Still finding my way in terms of what kind of trades I like so only on demo at the moment.

Alison
  • #173,680
  • Oct 7, 2009 3:02am Oct 7, 2009 3:02am
Time to buy dragon... I just got hit -100pips but have bought again.

I just bought dragon again at 140.30...SL.. 139.30.. TP.. 142.00
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Veni, Vidi, Vici (We came, we saw, we conquered)
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