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Cable Update (GBPUSD)

  • #181,721
  • Nov 9, 2009 9:49am Nov 9, 2009 9:49am
Quoting isguru
I think we all know that sometime in the future, GU will retest .6400, could be tonight if there's a major shock in the UK, could be Friday, could be tomorrow anytime it happens, it's just about being short from the right place really isn't it.

No news that GU will retest .6400 levels, more a question of when and good mm is meant for evry pair, not just GU what do you think?
Hi fellow,
My last post was a response to post which i know i have been in his shoes b4. Due to my fair understanding of GU, it moves withing a restricted technical level and i don't trade it with a ''stop the lose" because am not gona lose!!! It always come back! But my magic is in the LOT i use. SO, money management is not like the conventional one most pple know. I decide what is money management in the light of two things: Volatility and Session.
Thanks.
www.70yrsforexfocus.blog.com
  • #181,722
  • Nov 9, 2009 9:55am Nov 9, 2009 9:55am
Quoting grashid
..a least u r in +70-80pips...atm
Another 7 minutes H1/H4 closes below 1.6743/30 ---> Hold short, otherwise close !
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I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #181,723
  • Nov 9, 2009 9:56am Nov 9, 2009 9:56am
Quoting grashid
mate...think of the consequences if we are wrongly intrepreting or make some call..its not necessay right or wrong...but ..its must be tie with current PA...if we did wrongly...leave it..then we learn from that...then is how we growth...

Anyway am not sure which journal u r talking about....maybe u can share that link to me...as i do not have any actually....
http://www.forexfactory.com/showpost...stcount=181715

this is where i saw bro im sorry i mentioned your name
anyways why y mentioned Balaji
i know him i iwll ask him no problme
take care
Don't compare your Trades with Others
  • #181,724
  • Nov 9, 2009 10:20am Nov 9, 2009 10:20am
Quoting grashid
1.6720 fail and close above it 6880-6740 where am looking for .....for the time being as 1.7740 also possile
I like that number. Dono y...am not very good in FA but i saw most of stocks indexes going up + gold. If they can contain inflation then that number is achievable...
Pride of opinion is a characteristic of losing traders
  • #181,725
  • Nov 9, 2009 10:23am Nov 9, 2009 10:23am
Quoting DubaiFX
I am still short from G/u from 1.6530
ans holding my position
wanted to close at 1.6820
but it didnt comfirmed so i im still in trade
and got comfiramtion from grashid also
target is still 1.6265
lets see if daily closes anove 1.6900 i will close all positions and will take my loss
still looking to me this whole move is only USD weakness nothing else only reaction of US unemplyment reaction
so i am holding i know at this time all of you guys...
Quoting grashid
6810/15 and 1.6630 on the way
orait..once M15 close below 6770/75 u guys can lock i at 6800...

Target 6630/40....

Good luck n happy trading

Just admit if typo error....mm
  • #181,726
  • Nov 9, 2009 10:27am Nov 9, 2009 10:27am
Quoting manize
Another 7 minutes H1/H4 closes below 1.6743/30 ---> Hold short, otherwise close !
how about below 6690 then hold short...
  • #181,727
  • Nov 9, 2009 10:29am Nov 9, 2009 10:29am
Quoting grashid
but where is the number of 1.6265? from where you get it ? typo error?
ohh that was the problem bro
no it was my analysis
and my targets bro
i mentioned in post that my target is 1.6250 i didnt said grashid said target 1.6250
bro please read carefuly i never said grashid
i sadi grashid's view is atm gu may touch 1.6630-40 and my target is 1.6265 bro
it all began because you thought i mentioned your name with 1.6350 target
anyways i think confustion is over

but still my target is 1.6265
i just wanted to know what u think how far gu may go
anyways it is ok
takecare
Don't compare your Trades with Others
  • #181,728
  • Nov 9, 2009 10:30am Nov 9, 2009 10:30am
Quoting Sedaka
I like that number. Dono y...am not very good in FA but i saw most of stocks indexes going up + gold. If they can contain inflation then that number is achievable...
..anyway just wait for that 2 gate that i was mentioned b4..

as long as we r above 6530 we are still in bull camp..perhaps 66XX area where to look for adding long...for the destination of 6740 fist then 6880..then ...oherwise 64XX area back

I'll try to swing from that level 6810/15 as mentiond before n see what happen........

Good luck
  • #181,729
  • Nov 9, 2009 10:33am Nov 9, 2009 10:33am
Quoting DubaiFX
ohh that was the problem bro
no it was my analysis
and my targets bro
i mentioned in post that my target is 1.6250 i didnt said grashid said target 1.6250
bro please read carefuly i never said grashid
i sadi grashid's view is atm gu may touch 1.6630-40 and my target is 1.6265 bro
it all began because you thought i mentioned your name with 1.6350 target
anyways i think confustion is over

but still my target is 1.6265
i just wanted to know what u think how far gu may go
anyways it is ok
takecare
where is Tau.englishes problemas is the cause..

Its ok la mate..am ok....no had feeling..
let we go back to our business right
  • #181,730
  • Nov 9, 2009 10:42am Nov 9, 2009 10:42am
Quoting grashid
where is Tau.englishes problemas is the cause..

Its ok la mate..am ok....no had feeling..
let we go back to our business right
Good day to you,

I have just come back from meetings. Not looking too good for me at the moment. Standing in the corner....

Naughty boy!

Wish you success

Regards
Attached Image
  • #181,731
  • Nov 9, 2009 10:42am Nov 9, 2009 10:42am
Quoting grashid
where is Tau.englishes problemas is the cause..

Its ok la mate..am ok....no had feeling..
let we go back to our business right

You are right bro we are here to exchange ideas and views not ot fight
see my first post i mentioned i respect your analysis because you are a good trader

anyways takecare
back to business hopefully
lets see this time i am going to take big loss or big profit
lets see what Mr.Market thinks

Don't compare your Trades with Others
  • #181,732
  • Nov 9, 2009 10:44am Nov 9, 2009 10:44am
Quoting TauTrader
Good day to you,

I have just come back from meetings. Not looking too good for me at the moment. Standing in the corner....

Naughty boy!

Wish you success

Regards
  • #181,733
  • Nov 9, 2009 10:51am Nov 9, 2009 10:51am
we r lmost 100pips (for those who follow my call just now)....a least somethings to you guys afer i saw a few losses last couple of week...

and here H1 alredy flip below gann where 80-100pips down is on the way as long as 6690 close below it and our destinaton of 6640/30 is there.

For hose who wanna continue ..just lock 40-50from that 6810/15 an leave it to 6640/30 and wachout ~6650 area....

For those who do not wan to continue....you may close it `+80-90pips at current price..

I need to go.....catch u guys later

Good luck all and happy trading
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  • #181,734
  • Nov 9, 2009 10:53am Nov 9, 2009 10:53am
Cadbury Rejects Kraft's $16 Billion Unsolicited Takeover Offer as Too Low
  • #181,735
  • Nov 9, 2009 10:56am Nov 9, 2009 10:56am
Good day to you,

Attached a chart with levels I am watching, Numbered and referenced:

1) Price came back to the 50% line of this week @ 1.6729 ( the week is still young, so I do not put too much value to this level - it is however there and will have a minor impact.
2) Here we have the high of last month @ 1.6693. Sure to be a strong S/R level. Let us see how price behaves here. A rejection will defenitely mean a further move up.
3) The weekly open @ 1.6664
4) A very strong level sitting @ 1.6633/1.6630 - in confluence with the upper level of the daily channel by high @ 1.6635

In theory, a high probability to go down to close the gap left at market open. This is below the 1.6630 important level. Should the gap fill, there are 2 levels to determine further direction - 1.6633 above, and 1.6568 below.

Wish you all success

Regards
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  • #181,736
  • Nov 9, 2009 10:59am Nov 9, 2009 10:59am
Here are a few of my trades, and current trades that I have taken today regarding the cable:

Waited patiently after US open for the first TRIGGER. noticed a bounce off an intra-day support level right @ US OPEN 6761

Took my first short @ 6800 with a TP @ 6761. (bounce off R-trendline) Target HIT.

6758 SHORTS - Still open, I should have closed them realistically @6733, but I am riding them out and watching, while adding shorts to more broken supports.

Definetly confirmed a bearish intra-day stair-case pattern.

http://img406.imageshack.us/img406/2...ovember9th.gif
lowest draw down possible please.
  • #181,737
  • Nov 9, 2009 11:00am Nov 9, 2009 11:00am
Bears, I'm also in South train.....feeling well as with my oil trading.....for those who were on line at my first post.......just my 2 cents for target....Ichi says we have a good support area @1,6575/1,6550

Happy pips
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Non licet omnibus adire Corinthum
  • #181,738
  • Nov 9, 2009 11:03am Nov 9, 2009 11:03am
sorry wasn't the good chart.....
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Non licet omnibus adire Corinthum
  • #181,739
  • Nov 9, 2009 11:09am Nov 9, 2009 11:09am
suddently back to happening........

+100pips mission completed..


patient, emotionless,carefully follow the PA and read all tf from ur chart, check vol , ES,DJ , gold and UCAD.....that is what we are right now..

This is my last call in this thread with a least somebody may make some pofit fom that....

Appologize if i have offenced anybody and you guys can see me at auslonco after this..but am still visit here but in a silence mode

Good luck all and am happy if somebody make some green pips just now..

Take care
  • #181,740
  • Nov 9, 2009 11:12am Nov 9, 2009 11:12am
Quoting TauTrader
Good day to you,

I have just come back from meetings. Not looking too good for me at the moment. Standing in the corner....
Hi Tau,

Sorry about the corner.....is it in your business ????

Here you have a square one .....trading like a pro

Wish you all the best
Non licet omnibus adire Corinthum
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