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Cable Update (GBPUSD)

  • #175,281
  • Oct 12, 2009 1:22pm Oct 12, 2009 1:22pm
Quoting ahlamo
Dpends on how daily candle closes. If we see further downside by the end of the day, then UK may take it down further. If it closes above 5832/4s then a doji would have been formed and we ll see up direction

Spot on, that's the way i see it too.

All depends on how the daily candle closes?
  • #175,282
  • Oct 12, 2009 1:35pm Oct 12, 2009 1:35pm
Quoting ahlamo
Dpends on how daily candle closes. If we see further downside by the end of the day, then UK may take it down further. If it closes above 5832/4s then a doji would have been formed and we ll see up direction
Evening all
Agree with ahlam mostly i think we go up for while befor continu drop.

By the way any one use ibfx will appreciate if he told me how is executing and spreads with them.

Thanks
  • #175,283
  • Oct 12, 2009 1:47pm Oct 12, 2009 1:47pm
Quoting ahlamo
Dpends on how daily candle closes. If we see further downside by the end of the day, then UK may take it down further. If it closes above 5832/4s then a doji would have been formed and we ll see up direction
yes.. i am agree
  • #175,284
  • Edited 2:17pm Oct 12, 2009 2:06pm | Edited 2:17pm
I'm in short at 1.5825. What levels do you see price heading or retracing before it drops? Looking for a good stop loss that's not too far but keeps me in this trade for what I believe will be a nice move down. My first target on the Daily chart would be 1.5400 area.
  • #175,285
  • Oct 12, 2009 2:15pm Oct 12, 2009 2:15pm
Quoting egkid
Evening all
Agree with ahlam mostly i think we go up for while befor continu drop.

By the way any one use ibfx will appreciate if he told me how is executing and spreads with them.

Thanks
I use IBFX. Execution is good in my opinion. I definately recommend IBFX. Spread for GBP/USD is usually 4 pips, EUR/USD is 2 pips, and USD/JPY is 3 pips to give you an idea.
  • #175,286
  • Oct 12, 2009 2:49pm Oct 12, 2009 2:49pm
hey guys
on my chart i can see a supp at 1.5774 on short form a triangle with the trend line (down triangle) ...... so i did a sell pending order at 1.5770 just below the supp line .

i also think that there is may be another supp at 1.5725 so i set my tp at 1.5735
and go a long below it with sell order at 1.7520
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 19 KB
  • #175,287
  • Oct 12, 2009 3:14pm Oct 12, 2009 3:14pm
i see euro and cable very bearish

tomorrow might be a sell day

DOLLAR is going up and its down trend is finished nothing left for dollar which can push it down.

expect Gold down as well.
  • #175,288
  • Oct 12, 2009 3:19pm Oct 12, 2009 3:19pm
Quoting pakitrader
i see euro and cable very bearish

tomorrow might be a sell day

DOLLAR is going up and its down trend is finished nothing left for dollar which can push it down.

expect Gold down as well.
Why do you think this if I might ask?
  • #175,289
  • Oct 12, 2009 3:33pm Oct 12, 2009 3:33pm
Quoting m.haggag
hey guys
on my chart i can see a supp at 1.5774 on short form a triangle with the trend line (down triangle) ...... so i did a sell pending order at 1.5770 just below the supp line .

i also think that there is may be another supp at 1.5725 so i set my tp at 1.5735
and go a long below it with sell order at 1.7520
1.75 really? Where is WB when you need him. .
You've got to be IN IT to WIN IT!
  • #175,290
  • Oct 12, 2009 3:35pm Oct 12, 2009 3:35pm
"i see euro and cable very bearish"
???

bearish - bullish who knows today? tomorrow is answer (CPI y/y)
  • #175,291
  • Oct 12, 2009 3:56pm Oct 12, 2009 3:56pm
Quoting angierosed
I use IBFX. Execution is good in my opinion. I definately recommend IBFX. Spread for GBP/USD is usually 4 pips, EUR/USD is 2 pips, and USD/JPY is 3 pips to give you an idea.

Hey Guys,
why don't use FXCM?
they provide an excellent service and and maximum spread for GU is 3pips.
and it provides hedging for UK based accounts and OCO orders for US based accounts.
  • #175,292
  • Oct 12, 2009 3:56pm Oct 12, 2009 3:56pm
Daily closes in 5 mins, hard to say whether this is a good hammer candle or not.
  • #175,293
  • Oct 12, 2009 3:58pm Oct 12, 2009 3:58pm
Quoting forexlion
this is what i see

and my target is 1.60000
These threads ought to be spending more time in discussions
on recovery and MM and how to profit off a flip of a coin
and then turning on a dime.

If you are profitable as you say you are, it not because of
your accuracy in chart analysis, speculations, or trade calls
which are obviously very misleading... it must purely be on
your MM and recovery techniques.

My hat is off to you.

Dr. D.
  • #175,294
  • Oct 12, 2009 3:58pm Oct 12, 2009 3:58pm
here was my last drawn..

http://www.forexfactory.com/attachme...1&d=1255380651

now, i've just sketching new scenes, still, it's just my meaningless opinion


http://www.forexfactory.com/attachme...1&d=1255380409
spirit 0f pipping
  • #175,295
  • Oct 12, 2009 4:02pm Oct 12, 2009 4:02pm
i just went short!

its really a 50/50 shot.
  • #175,296
  • Oct 12, 2009 4:08pm Oct 12, 2009 4:08pm
this game is purely about probabilities and good money management.
  • #175,297
  • Edited 4:31pm Oct 12, 2009 4:17pm | Edited 4:31pm
Quoting alex1976
this game is purely about probabilities and good money management.

absolutely..i dont care who u are, if u reckless with mm u will lose in forex..
  • #175,298
  • Oct 12, 2009 4:36pm Oct 12, 2009 4:36pm
I am just waiting next 5 hours

My chart H1 going downtred.


I hope broke 1.583 going UP to 1.592
  • #175,299
  • Oct 12, 2009 4:50pm Oct 12, 2009 4:50pm
Although still in a down trend, the down side momentum / sell pressure is weaking so I'd expect a turn up, 24hour SMA's at 1.5810 currently has kept the down move in check so far, wait for this to be taken out!!

Ofcourse the news at 9:30am will decide the direction for the upcoming session.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #175,300
  • Oct 12, 2009 5:50pm Oct 12, 2009 5:50pm
The daily candle is closed now and no sign of divergans we still bearish .........I am out now waiting for the result of CPI
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