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Cable Update (GBPUSD)

  • #184,601
  • Nov 25, 2009 3:29am Nov 25, 2009 3:29am
I hope bad GBP news and it goes to 1.6650 to fill my buy limit with SL at 1.6590 just to move back north again to 1.6700
  • #184,602
  • Nov 25, 2009 3:35am Nov 25, 2009 3:35am
It's really good that no-one trades on the news....
  • #184,603
  • Nov 25, 2009 3:35am Nov 25, 2009 3:35am
what the crazy move!!!
  • #184,604
  • Nov 25, 2009 3:37am Nov 25, 2009 3:37am
Quoting Chumbawunga
It's really good that no-one trades on the news....
Why?
I've closed my long position before the news. And on news the price hit my sell stop order. Now I'm in short.
  • #184,605
  • Nov 25, 2009 3:40am Nov 25, 2009 3:40am
  • #184,606
  • Nov 25, 2009 3:41am Nov 25, 2009 3:41am
Quoting grashid
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #184,607
  • Nov 25, 2009 3:44am Nov 25, 2009 3:44am
Quoting koraman
Why?
I've closed my long position before the news. And on news the price hit my sell stop order. Now I'm in short.
short is so risky brother
  • #184,608
  • Nov 25, 2009 3:49am Nov 25, 2009 3:49am
Quoting FXAdvice
short is so risky brother
Look like...
  • #184,609
  • Nov 25, 2009 3:50am Nov 25, 2009 3:50am
Quoting koraman
Why?
I've closed my long position before the news. And on news the price hit my sell stop order. Now I'm in short.

Good planning or maybe the short bit isn't so much.. I rest my case
  • #184,610
  • Nov 25, 2009 3:54am Nov 25, 2009 3:54am
Quoting Chumbawunga
Good planning or maybe the short bit isn't so much.. I rest my case
its not good plan, trade against trend !!!
  • #184,611
  • Nov 25, 2009 3:54am Nov 25, 2009 3:54am
just wondering who else thinks, based on their system of course, that this is headed down all the way to the 6200 levels after today?
  • #184,612
  • Nov 25, 2009 3:56am Nov 25, 2009 3:56am
Quoting mr.m
just wondering who else thinks, based on their system of course, that this is headed down all the way to the 6200 levels after today?
my analysis are based out of the the last weeks close - the weekly candle bearish engulf!
  • #184,613
  • Nov 25, 2009 4:08am Nov 25, 2009 4:08am
Quoting mr.m
my analysis are based out of the the last weeks close - the weekly candle bearish engulf!
According to my system we will trade again tomorrow, be it Long/Short....

Just Kidding, I'm not that eveloved as a trader to be able to foretell. I just follow what I see.

MM

ps
Swinger: Long since 0400gmt @ 1.6613
HitaRun: London Open Long for 25+
  • #184,614
  • Nov 25, 2009 4:10am Nov 25, 2009 4:10am
Quoting mr.m
just wondering who else thinks, based on their system of course, that this is headed down all the way to the 6200 levels after today?
Same view, however I think we need to touch the 6730-40 area before it goes down or do a sideways before it goes down.

Anyway just an opinion.

We are the TREND. Resistance is futile...
  • #184,615
  • Nov 25, 2009 4:12am Nov 25, 2009 4:12am
Quoting Fx1618
According to my system we will trade again tomorrow, be it Long/Short....

Just Kidding, I'm not that eveloved as a trader to be able to foretell. I just follow what I see.

MM

ps
Swinger: Long since 0400gmt @ 1.6613
HitaRun: London Open Long for 25+
thanks for the comment 1618! you know ive been waiting for a few such opportunities the big ones! im thinking based on everythin gi know this may be it! anyway, we'll all see soon - my next target is 6200s and stop loss at 6770
  • #184,616
  • Nov 25, 2009 4:16am Nov 25, 2009 4:16am
Quoting mr.m
thanks for the comment 1618! you know ive been waiting for a few such opportunities the big ones! im thinking based on everythin gi know this may be it! anyway, we'll all see soon - my next target is 6200s and stop loss at 6770
... I'll catch the train with you when we drop, but I can't afford such a SL
  • #184,617
  • Nov 25, 2009 4:17am Nov 25, 2009 4:17am
Quoting FXAdvice
its not good plan, trade against trend !!!
Well "with the trend" is allways also "against the trend" and vice versa. Just have a look at higher and/or lower timeframes.

It all depends on your point of view. If you leverage correct you can do very well trading "against the trend".
  • #184,618
  • Nov 25, 2009 4:18am Nov 25, 2009 4:18am
Quoting mr.m
just wondering who else thinks, based on their system of course, that this is headed down all the way to the 6200 levels after today?
yeah i can see it. it would be the 161.8fb and wave c
  • #184,619
  • Nov 25, 2009 4:18am Nov 25, 2009 4:18am
we are in the UP channel.
the target is at least 1.69

remember:
http://www.forexfactory.com/showpost...stcount=184519

and we are in the Wave 5
http://www.forexfactory.com/showpost...stcount=184500

and this is the update.
notice the RED channel on the daily TF.

good luck
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  • #184,620
  • Nov 25, 2009 4:31am Nov 25, 2009 4:31am
But stockastic indicator shows signals for drop/sell on H1 & H4.
also Bollinger bands confirms that.
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