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Cable Update (GBPUSD)

  • #184,821
  • Nov 26, 2009 10:54am Nov 26, 2009 10:54am
long gu 4h trg 1.66 small
  • #184,822
  • Nov 26, 2009 10:55am Nov 26, 2009 10:55am
Quoting Magix
It is the where we go from here that is important. As we approach a counter trend trigger on the 5m chart, we would be bucking resistence all the way back up. A breach of this point and a close below means a Long way down.
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You are corect. By my daily chart we can and may go down to 1.6400 before we see next support. After that the next area is down in the 1.6200 area. If we bounce back up we will go for the 1.70 area. However, we may be in a sideways channel for awhile.
  • #184,823
  • Nov 26, 2009 11:01am Nov 26, 2009 11:01am
Quoting Ctic
Attachment

You are corect. By my daily chart we can and may go down to 1.6400 before we see next support. After that the next area is down in the 1.6200 area. If we bounce back up we will go for the 1.70 area. However, we may be in a sideways channel for awhile.
We have a lot of resistance lines moving topside, where ever we get to on this pop up, I would expect that if that line isn't challenged again throughout the American trade session, it will be under attack come London.

We have some support below, but 1.6205 shows as possible on a breach and hold of the 55EMA @ 1.6465.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #184,824
  • Nov 26, 2009 11:04am Nov 26, 2009 11:04am
Quoting FXAdvice
I just open long on 1.6482
it seems to be ok...
  • #184,825
  • Edited 11:09am Nov 26, 2009 11:07am | Edited 11:09am
how nice

is that only a start? - who knows...

Peter
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Jesus Christ is my only Lord !
  • #184,826
  • Nov 26, 2009 11:09am Nov 26, 2009 11:09am
Quoting micho
i am in long EURGBP at 0.9100 target adjustable 0.9131
target 0.9113
When life gives you lemons, make lemonade
  • #184,827
  • Nov 26, 2009 11:27am Nov 26, 2009 11:27am
Quoting maxss280
Congratz Micho I closed my trades before NY open lol Wish I didn't I was short EU GU and GY lol would have made a killing haha Still 110 Pips up for the day though.
cool bananas i still have one open for GBPJPY its +573 now waiting for 139.05
When life gives you lemons, make lemonade
  • #184,828
  • Nov 26, 2009 11:30am Nov 26, 2009 11:30am
Quoting micho
cool bananas i still have one open for GBPJPY its +573 now waiting for 139.05
573

Peter
Jesus Christ is my only Lord !
  • #184,829
  • Nov 26, 2009 11:32am Nov 26, 2009 11:32am
I try to sell sl 15pps
again

Peter
Jesus Christ is my only Lord !
  • #184,830
  • Nov 26, 2009 11:39am Nov 26, 2009 11:39am
possible strong reversal on GPBUSD and EURUSD

no place for longs yet

peter
When life gives you lemons, make lemonade
  • #184,831
  • Nov 26, 2009 11:44am Nov 26, 2009 11:44am
Quoting micho
possible strong reversal on GPBUSD and EURUSD

no place for longs yet

peter
who knows

strong You mean to where - 6600 - higher?

Peter
Jesus Christ is my only Lord !
  • #184,832
  • Nov 26, 2009 11:47am Nov 26, 2009 11:47am
Wow ,what happened to Cable ,did someone throw it in the River Thames.
Are we seeing support@16465...?
  • #184,833
  • Nov 26, 2009 11:48am Nov 26, 2009 11:48am
Quoting hipcio
who knows

strong You mean to where - 6600 - higher?

Peter
possible strong reversal down

no signal for longs, nor for shorts at the moment
When life gives you lemons, make lemonade
  • #184,834
  • Nov 26, 2009 11:50am Nov 26, 2009 11:50am
EURCAD building nice 1H candle, possible small long later
When life gives you lemons, make lemonade
  • #184,835
  • Nov 26, 2009 11:51am Nov 26, 2009 11:51am
Quoting micho
possible strong reversal down

no signal for longs, nor for shorts at the moment

nice
that is what I expect too but ...

Peter
Jesus Christ is my only Lord !
  • #184,836
  • Nov 26, 2009 12:11pm Nov 26, 2009 12:11pm
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When life gives you lemons, make lemonade
  • #184,837
  • Nov 26, 2009 12:19pm Nov 26, 2009 12:19pm
Quoting micho
Jesus Christ is my only Lord !
  • #184,838
  • Nov 26, 2009 12:24pm Nov 26, 2009 12:24pm
That was nice opened a trade before work today which i couldnt monitor.

Just got back to find a nice +125pips
  • #184,839
  • Nov 26, 2009 12:48pm Nov 26, 2009 12:48pm
Quoting Gena
Hi guys

Don''t know all the ins and outs of legal stuff regarding Forex, but want to throw this if anyone knows what I can do. I have been trading with GCI and they have deducted $8000 yesterday from my account because I was scalping the market. I have seen that there system was sometime in lag mode and then when I opened trades during news time, they said that I was scalping the market and that this is not trading according to them.

No where in the terms and conditions have I seen anything that they said that one cannot scalp the market. Do...
Personally I would engage some legal advice. I had a similar problem many years ago where the broker cancelled some of my past orders because they "were not at market price". I was not happy about it but soon realised this was wrong, it wasn't my fault their system quoted wrong prices. Then it occured to me that others were probably playing the same numbers but in the opposite direction. Were they being re-imbursed?. I suggested to my broker we would test this in court and he could demonstate how they re-imbursed other punters. Surprise, surprise, mu cancelled orders were re-instated.
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  • #184,840
  • Nov 26, 2009 1:42pm Nov 26, 2009 1:42pm
This is what I'm thinking at the moment
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