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Cable Update (GBPUSD)

  • #179,621
  • Oct 29, 2009 1:41am Oct 29, 2009 1:41am
I'm favoring a long. First chart, boring scenario, we go up 1.647 area bounce off the utl of the channel and pull back to the monthly TL or center channel line.... again.

On the Ichimoku, same target, but if we break above the Kumo, then 1.652 is next.

If we break south, on the guppy 1.620 is strong support.

Waiting for the moment to see what the market sentiment is.

GL on your trades.
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  • #179,622
  • Oct 29, 2009 1:44am Oct 29, 2009 1:44am
Long triggered at 1.6374
  • #179,623
  • Oct 29, 2009 2:12am Oct 29, 2009 2:12am
Quoting LetsTrade
Long triggered at 1.6374
nice call bro. But I closed the long too early, but it's okay to grab 30 pips. TQ
  • #179,624
  • Edited 5:06am Oct 29, 2009 2:24am | Edited 5:06am
Quoting alexanvl
The "official" rainbow says: SHORT
Did I inadvertently bring the rainbow traders out of the closet...:nerd:

http://www.forexfactory.com/showthre...93#post3169293
  • #179,625
  • Oct 29, 2009 2:35am Oct 29, 2009 2:35am
Out of long at 1.6437: it may go higher but not much
  • #179,626
  • Oct 29, 2009 2:36am Oct 29, 2009 2:36am
Expecting 6450 area, then down...
ABCD..
  • #179,627
  • Oct 29, 2009 2:38am Oct 29, 2009 2:38am
http://www.forexfactory.com/showthread.php?t=203842



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  • #179,628
  • Oct 29, 2009 2:41am Oct 29, 2009 2:41am
Quoting sreeprakash
Expecting 6450 area, then down...
yeah i am also expecting to touch yesterday high, then retrace..so need a patience right now..
  • #179,629
  • Oct 29, 2009 2:48am Oct 29, 2009 2:48am
Quoting crackberry
yeah i am also expecting to touch yesterday high, then retrace..so need a patience right now..
Trend lines...
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ABCD..
  • #179,630
  • Oct 29, 2009 2:52am Oct 29, 2009 2:52am
Quoting sreeprakash
Expecting 6450 area, then down...
I agree unless ofcourse there is a couple of confirming candles above that channel of resisitance. Yep patience is the name of game today as with every other day!
  • #179,631
  • Oct 29, 2009 2:52am Oct 29, 2009 2:52am
That chart looks disgusting!
  • #179,632
  • Oct 29, 2009 2:55am Oct 29, 2009 2:55am
Quoting Bull_Bear
sell cable

1.6434, SL 1.6520, TP 1.6180

Apologies for the late posting... Was busy
Has she messed with enough heads yet... This is what I call "Do your head in PA"

Break even for the above trade, no trades on cable for now.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #179,633
  • Oct 29, 2009 2:58am Oct 29, 2009 2:58am
edit: wtched the wrong chart
  • #179,634
  • Oct 29, 2009 2:58am Oct 29, 2009 2:58am
Short at 1.6435 and target 1.6337
  • #179,635
  • Oct 29, 2009 3:00am Oct 29, 2009 3:00am
Quoting Levendis
That chart looks disgusting!
Maybe.. But what you see is what you get!!
ABCD..
  • #179,636
  • Oct 29, 2009 3:20am Oct 29, 2009 3:20am
moving in on supp
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Thank You
  • #179,637
  • Oct 29, 2009 3:22am Oct 29, 2009 3:22am
1.643 is proving tough resistance. The Chikou span is holding tight.

Bounced nicely off 1.639 so went long again.
(sorry late post, not talented enough to type and trade at the same time ...lol)
TP target 1.646. Maybe this time we'll break through.


Not considering any shorts unless we close below 1.635.
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  • #179,638
  • Oct 29, 2009 3:36am Oct 29, 2009 3:36am
cable as being enjoying the fall of eurgbp and this hard lead to the rediculus move even when all other commodities currency are falling.The move hard no fundalmetal backing,i see cable fall like a mango tree today.watch eurgbp reversal and see cable falling...........
Is not a crime to see.......what u see is what u get.......
  • #179,639
  • Oct 29, 2009 3:37am Oct 29, 2009 3:37am
bearish div at res zone.
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Thank You
  • #179,640
  • Oct 29, 2009 3:39am Oct 29, 2009 3:39am
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