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Cable Update (GBPUSD)

  • #184,961
  • Nov 27, 2009 7:43am Nov 27, 2009 7:43am
1st target 1.6316 - end of this correction.
  • #184,962
  • Nov 27, 2009 7:52am Nov 27, 2009 7:52am
reason - waiting for negative US opening.
  • #184,963
  • Nov 27, 2009 7:52am Nov 27, 2009 7:52am
Quoting aim
Usually GU makes double top/bottom before change the direction such significantly.
What time frame have you observed double top/bottom? 1/4/d?
  • #184,964
  • Nov 27, 2009 7:55am Nov 27, 2009 7:55am
Quoting mikemay777
What time frame have you observed double top/bottom? 1/4/d?
15m, 1h
  • #184,965
  • Nov 27, 2009 7:59am Nov 27, 2009 7:59am
Quoting Endrju
went short at 6420, 5 15 min chart stochs support that, also previous 15min candle closed near this level and hourly stochs has rolled over and waiting for bad day in a stock market(i hope so). if all goes bad with dow we would see 6300.
out for 30 pips, not convincing PA. Let's see what the opening of DOW brings us.
  • #184,966
  • Nov 27, 2009 8:30am Nov 27, 2009 8:30am
Quoting micho
kicked one short EURUSD at 1.4871 target adjustable 1.4839

do not copy, on your risk
Quote
target at BE
Quote
target 1.4883 ... this one is a loser
Quote
target 1.4879
typical bitching, low volume... they drive price up for a new high... then again hunt the stop losses for another new high before driving it down to first target and most likely 2nd target

due to the typical bitching that was -9 first negative trade after 500+ pips positive
When life gives you lemons, make lemonade
  • #184,967
  • Nov 27, 2009 8:42am Nov 27, 2009 8:42am
now GU is 1.6410 anyone agree GU go to 1.6500 today ?
  • #184,968
  • Nov 27, 2009 8:45am Nov 27, 2009 8:45am
come on dont give us a disappointing weekly candle
When life gives you lemons, make lemonade
  • #184,969
  • Nov 27, 2009 8:47am Nov 27, 2009 8:47am
Quoting citrusvtk
now GU is 1.6410 anyone agree GU go to 1.6500 today ?
it will go there tomorrow.
today will first retest the low and then the wipsaw as usual in a day of touching bottom.

another scenario - dow collapse
  • #184,970
  • Nov 27, 2009 9:01am Nov 27, 2009 9:01am
Thanks for the advice Fx1618, really appreciate it. Made +33 pips earlier, finally something goes my way for a change. Still learning the trade and hopefully with ur help and other grandmasters, I wud be able to get into the rhythm. Long small at 1.6390.....can go to 1.6500 anyone? Cheers.

Happy trading.
  • #184,971
  • Nov 27, 2009 9:06am Nov 27, 2009 9:06am
rename detailedstatement.htm
Attached File(s)
File Type: txt DetailedStatement.txt   11 KB | 298 downloads
When life gives you lemons, make lemonade
  • #184,972
  • Nov 27, 2009 9:15am Nov 27, 2009 9:15am
Quoting citrusvtk
now GU is 1.6410 anyone agree GU go to 1.6500 today ?

It is getting there. and get there easily today.

I see you also took a long from 1.6370
  • #184,973
  • Nov 27, 2009 9:19am Nov 27, 2009 9:19am
It has arrived at my published in the morning 6468 pivot
I will lok for PA to sell


Peter
Jesus Christ is my only Lord !
  • #184,974
  • Nov 27, 2009 9:37am Nov 27, 2009 9:37am
She goes to DP today 1.6521 !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #184,975
  • Nov 27, 2009 9:38am Nov 27, 2009 9:38am
Quoting manize
She goes to DP today 1.6521 !
ok let it go

Peter
Jesus Christ is my only Lord !
  • #184,976
  • Nov 27, 2009 9:41am Nov 27, 2009 9:41am
Hope those who sold earlier cashed in

Sterling showing the possible reversal mentioned earlier:
1.http://www.forexfactory.com/showpost...stcount=184874

Chart below is the followup.
Enjoy the weekend.
Attached Image (click to enlarge)
Click to Enlarge Name: gld.JPG Size: 65 KB
Thank You
  • #184,977
  • Nov 27, 2009 9:41am Nov 27, 2009 9:41am
nice opportunity
Attached Image (click to enlarge)
Click to Enlarge Name: gu1h.png Size: 27 KB
  • #184,978
  • Nov 27, 2009 9:42am Nov 27, 2009 9:42am
Quoting hipcio
ok let it go

Peter
Hi Peter, how is your trade ? I hope nice pips gain by long !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #184,979
  • Nov 27, 2009 9:46am Nov 27, 2009 9:46am
Hi everyone,

Hit my TP at 1.6500...+110 pips in less than 1 hr, best day so far for the past week. Am going to have a gud nite sleep. Happy trading n have a gud weekend. I'm outta here.
  • #184,980
  • Nov 27, 2009 9:47am Nov 27, 2009 9:47am
Resistance at 1.65430 area. Might see a fall here. Remember, we are still in a downtrend.

We are the TREND. Resistance is futile...
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