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Cable Update (GBPUSD)

  • #177,441
  • Oct 19, 2009 11:11am Oct 19, 2009 11:11am
I shorted at 1.633..this spike to 1.64 was a killing one.

But i am holding my positions in loss because i know this week we will tough 1.6250 and then i can close my short position.
  • #177,442
  • Oct 19, 2009 11:14am Oct 19, 2009 11:14am
Quoting Pyramus
I have already gone short from 1.6415
Good day to you,

Excellent entry

regards
  • #177,443
  • Oct 19, 2009 11:14am Oct 19, 2009 11:14am
Quoting TauTrader
Good day to you,

Do not worry, we are in for a bearish week overall...

So... below 1.6281 - it will come. Time your entries from hereon. I have taken my first short @ 1.6395. Will add another short every 50 pips from this entry. OK - next short position to be taken @ 1.6445....

May the force be with you....

Regards
yO T..can ask what u find bearish about cable..cause im struggling brother..i never seen it more bullish


im not in a trade cause im studying price action..i will forecast 1.67 end of week based on price action, if dillian is watching bring it on
  • #177,444
  • Oct 19, 2009 11:26am Oct 19, 2009 11:26am
Pyramus very good entry i think 16447 and lower side 16345ish and bulls in control as long todays low breaks on hourly close then we might see sharply lower infact there are two patterns one is BAt on the bottm and SeconD one is IHS(inverse head and shoulder neck line around 16470 ish area and PPS (pattern probability system)for IHS is not very high

Wish you very good profitable trade
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Mind vission traders
  • #177,445
  • Oct 19, 2009 11:27am Oct 19, 2009 11:27am
What to do at 1.64? Go long or go short?
  • #177,446
  • Oct 19, 2009 11:30am Oct 19, 2009 11:30am
Quoting kingfisher
What to do at 1.64? Go long or go short?
http://www.forexfactory.com/showpost...stcount=177340

http://www.forexfactory.com/showpost...stcount=177445
  • #177,447
  • Oct 19, 2009 11:30am Oct 19, 2009 11:30am
Its at the Daily DTL. Also Double top on 1 and 4 Hr

Jim

Quoting nAVIN2007
yO T..can ask what u find bearish about cable..cause im struggling brother..i never seen it more bullish


im not in a trade cause im studying price action..i will forecast 1.67 end of week based on price action, if dillian is watching bring it on
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  • #177,448
  • Oct 19, 2009 11:36am Oct 19, 2009 11:36am
Quote
Quote
http://www.forexfactory.com/showpost...stcount=177340

http://www.forexfactory.com/showpost...stcount=177445


Thanks for an expert guidance
  • #177,449
  • Oct 19, 2009 11:37am Oct 19, 2009 11:37am
If I'm not mistaken someone here said that we're going up tp 1.64 and someone else told to short from 1.64 with sl at 1.646. It went exactly as these guys predicted. So where are we heading? Hopefully down.
  • #177,450
  • Oct 19, 2009 11:40am Oct 19, 2009 11:40am
I am confused with one thing- if eur/usd hits 1.50, does it mean that gbp/usd will also hit 1.65 levels?
  • #177,451
  • Oct 19, 2009 11:43am Oct 19, 2009 11:43am
Quoting Nene
Its at the Daily DTL. Also Double top on 1 and 4 Hr

Jim
great reasons thanks brother..
  • #177,452
  • Oct 19, 2009 11:43am Oct 19, 2009 11:43am
Last post before going to sleep...

I saw if today close below 1.6370....6220-6128 test is there....

Otherwise if PA break 6430...then north to test at 6525 or even higher to 6725 area on the way...

Trade what ur chart say and not what people say...Good luck
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  • #177,453
  • Edited 12:36pm Oct 19, 2009 11:43am | Edited 12:36pm
Quoting TauTrader
Good day to you,

Do not worry, we are in for a bearish week overall...

So... below 1.6281 - it will come. Time your entries from hereon. I have taken my first short @ 1.6395. Will add another short every 50 pips from this entry. OK - next short position to be taken @ 1.6445....

May the force be with you....

Regards
1.6441/45 is my psychologic level, maybe touched maybe not. It is my long target. Go short there or not depend on PA tomorrow. If broken, go short is very dangerous because we have no more fibo fan resistant line ( 2.1143 - 1.3500 or 1.7041 - 1.5706) !
Btw similar what Grashid said, trade well based on your own chart, no others chart ! Good luck !
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I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #177,454
  • Oct 19, 2009 11:48am Oct 19, 2009 11:48am
Jeez, it has been a long day...

tehehehe
lowest draw down possible please.
  • #177,455
  • Oct 19, 2009 11:48am Oct 19, 2009 11:48am
yes short is viable but i dont see it stoping price..candles are very strong IMHO
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  • #177,456
  • Oct 19, 2009 11:51am Oct 19, 2009 11:51am
Sell 1.6416 no more up move
  • #177,457
  • Oct 19, 2009 11:53am Oct 19, 2009 11:53am
Some trading experts have shorted at 1.6416
  • #177,458
  • Oct 19, 2009 11:55am Oct 19, 2009 11:55am
Quoting egkid
Sell 1.6416 no more up move
i hope u close ur last week entry back to ur entry point ....perhaps this is a fresh short entry from u....
  • #177,459
  • Oct 19, 2009 11:56am Oct 19, 2009 11:56am
Quoting kingfisher
Some trading experts have shorted at 1.6416
bro..watch ur PA..if close as per mentioed before..then decide....take a rest atm....patient bro...chow
  • #177,460
  • Oct 19, 2009 11:56am Oct 19, 2009 11:56am
Quoting egkid
Sell 1.6416 no more up move
since im in good company why not

EDIT: I EXIT CAUSE I FORGOT MY PLAN..LOL
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