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Cable Update (GBPUSD)

  • #175,901
  • Oct 14, 2009 1:24am Oct 14, 2009 1:24am
sell 1.5986... SL..1.6060.. TP to hell
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #175,902
  • Oct 14, 2009 1:29am Oct 14, 2009 1:29am
Quoting Yngwie
can't pm u bro.. lol
opss..u r in my iggy list b4 soli lor ..open up already
  • #175,903
  • Oct 14, 2009 1:35am Oct 14, 2009 1:35am
Quoting TauTrader
Good day to you,

Thanks - lets see if we reverse here. Price may go up a bit first to take out stops and also to entice fresh bulls to enter. Then sell-off. If not, we may continue higher for a while.

Just my opinion -

Wish you all success
..go ahead mate..am off for GU this week...Only move and slept with my maria (scalp) atm...mm very little profit so far this week quite far away from my weekly target lol....anyway

Trade safer and wish you best of luck..Cheers

p/s: i would rather wait at 1.6000 area if think of my short...good luck
  • #175,904
  • Oct 14, 2009 1:35am Oct 14, 2009 1:35am
Quoting grashid
opss..u r in my iggy list b4 soli lor ..open up already
cis~!
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #175,905
  • Oct 14, 2009 1:54am Oct 14, 2009 1:54am
Quoting grashid
Overall GU still un clear to me as look like long is take over to test at least 6250 this week...

Look at monthly atm-undecision
Daily&Weekly - formed some support where long is taken place since yesterday (am not riding it as am a bear swing trader with part time in scalping)
H4- Red box need to watch out in order to continue for testing at yellow box area ~6400 area

Hope its helping ..Good luck
Gras man... U taking her up or Down?
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #175,906
  • Oct 14, 2009 2:05am Oct 14, 2009 2:05am
sold gbp/usd at 1.5985....so far so good...
  • #175,907
  • Oct 14, 2009 2:06am Oct 14, 2009 2:06am
hey guys,
care to share some info with me? been reading all sorts of fx broker/agents in the market. for a small trader, which is better, a fixed spread or the variable spread? and then the traders are allowed to choose their own slippage? in plain english, what is that?
  • #175,908
  • Oct 14, 2009 2:06am Oct 14, 2009 2:06am
Guys,

What I can see the chart, the main trend in the sense of Bullishness. For those who are trend trader, it is advisable to trade only Long position. But, we may take a short position base on weekly monitoring.

My current view is the price is keep bull until 1.6070 then once reach 1.6100, the bull will get stronger and may touch to 1.6500. After that it either go south or north. But I think it will go toward 1.7000.
  • #175,909
  • Oct 14, 2009 2:08am Oct 14, 2009 2:08am
nice, what is your tp target? I should have taken it up there, just waiting for it to break out of the channel @ 1.5927 (y's high, also my lower support channel)
Quoting navhin
sold gbp/usd at 1.5985....so far so good...
  • #175,910
  • Oct 14, 2009 2:10am Oct 14, 2009 2:10am
Quoting Yngwie
cis~!
  • #175,911
  • Oct 14, 2009 2:12am Oct 14, 2009 2:12am
Quoting Bull_Bear
Gras man... U taking her up or Down?
just small short yesterday NY..watch current PA only atm....even overall am still bear bias..but last few day make me a bit consufe and i was decide to put a pulse for GU atm...just SL @6050 from 6550 and see what happen........look like reverse from now but am going to take my rest at GU this week...
  • #175,912
  • Oct 14, 2009 2:13am Oct 14, 2009 2:13am
around 1.5925....quite a risky trade...coz i went in with a tight stop-loss and tight take profit...
  • #175,913
  • Oct 14, 2009 2:17am Oct 14, 2009 2:17am
agh just a quick scalp. i'm looking to go short there if it breaks 1.5927, but like i said, there is y's high, 200 ema line, and my channel connecting at that point, so high chance of reversal.

Quoting navhin
around 1.5925....quite a risky trade...coz i went in with a tight stop-loss and tight take profit...
  • #175,914
  • Oct 14, 2009 2:18am Oct 14, 2009 2:18am
Quoting navhin
around 1.5925....quite a risky trade...coz i went in with a tight stop-loss and tight take profit...
Try 1.5870, just a suggestion though
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #175,915
  • Oct 14, 2009 2:19am Oct 14, 2009 2:19am
G/M all, bullish overnight asian session after the pullback from y/day's Hi to 5900, price finding supply @ the downward resistance trend line-4hr & Daily t/f again, confluence with 38.2% 6466-5707, giving up 50% of this weds gain so far with the pullback off 5991 Hi.

Uk employment data etc at 0830am gmt...

G/L
ex member
  • #175,916
  • Oct 14, 2009 2:20am Oct 14, 2009 2:20am
Quoting Bull_Bear
Try 1.5870, just a suggestion though
i will c hw the PA will be at 1.5925 region....coz i think it might retrace from there...anyway thx for the suggestion
  • #175,917
  • Oct 14, 2009 2:24am Oct 14, 2009 2:24am
Here is the chart referred to above..

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: z.gif Size: 23 KB
ex member
  • #175,918
  • Oct 14, 2009 2:27am Oct 14, 2009 2:27am
Quoting navhin
i will c hw the PA will be at 1.5925 region....coz i think it might retrace from there...anyway thx for the suggestion
A bit of work to get there, but it's looking like it will go a bit further.
  • #175,919
  • Oct 14, 2009 2:27am Oct 14, 2009 2:27am
Quoting bbmac
Here is the chart referred to above..

G/L




Quoting Bull_Bear
sell 1.5986... SL..1.6060.. TP to hell
This is why I short..
Attached Image (click to enlarge)
Click to Enlarge Name: Cable.JPG Size: 121 KB
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #175,920
  • Oct 14, 2009 2:31am Oct 14, 2009 2:31am
well i was initially referring to 1.5925 as my tp target
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