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Cable Update (GBPUSD)

  • #185,061
  • Nov 29, 2009 10:23pm Nov 29, 2009 10:23pm
:nerd:1.6611 !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #185,062
  • Nov 29, 2009 11:09pm Nov 29, 2009 11:09pm
I'm selling at 1.6575 against 1.6745 then hedge above that level if price breaks through that
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  • #185,063
  • Nov 29, 2009 11:27pm Nov 29, 2009 11:27pm
Breaks 1.6499, fall down !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #185,064
  • Nov 29, 2009 11:48pm Nov 29, 2009 11:48pm
it is too early to determine the trend
  • #185,065
  • Nov 29, 2009 11:51pm Nov 29, 2009 11:51pm
Quoting micho
USDJPY next target 85.5x (possible gap down)
EURCAD next target 1.590x (possible gap up)
EURUSD and GPBUSD not so clear (possible gap up)
GPBJPY next target 140.3x (possible gap down)

Just a reminder
When life gives you lemons, make lemonade
  • #185,066
  • Nov 29, 2009 11:53pm Nov 29, 2009 11:53pm
in 3 hours i might short USDJPY if its not too late
When life gives you lemons, make lemonade
  • #185,067
  • Nov 30, 2009 12:30am Nov 30, 2009 12:30am
Hello guys/babes,
Just fliping through the daily chart and observing chart parterns around some moving average(s).
-Dragonfly doji formed on daily chart(which is an hammer in some platforms).
-The doji pierced through 100sma
-channel up
All this signaling upward bias.....
But
-Stochastic not yet oversold
-lots of news this week.
My Conclusion:
-Ranging day or even the week
-Scalping strategies will be dominant

ITS SPECULATION. I just "hope and have faith" am doing the right thing. Presently waiting 4 a retrace to .6455 for a buy.
If i do not get stucked or have a huge lose at the end of the day, then i am up 10% this month.
  • #185,068
  • Nov 30, 2009 12:31am Nov 30, 2009 12:31am
Shorted at 1.6570...still think it's a short since didn't break and sustain above 1.6585 convincingly....if it breaks 1.6500, could go to 1.6420-30 lvl . Cheers.
  • #185,069
  • Nov 30, 2009 12:39am Nov 30, 2009 12:39am
Quoting micho
Just a reminder
Pleas,
Can You or ANYBODY....explain the concept of trading the GAP?
How reliable is it?
Thanks.
  • #185,070
  • Nov 30, 2009 12:54am Nov 30, 2009 12:54am
Quoting goodwings
Pleas,
Can You or ANYBODY....explain the concept of trading the GAP?
How reliable is it?
Thanks.
read up on candlestick patterns. When it gaps up, usually it will fill in the gap or at least partially fill in the gap. If the gap fills it goes the oppisite direction of the gap, if gap does not fill, trend continues in direction of gap, in a nutshell.
  • #185,071
  • Nov 30, 2009 12:54am Nov 30, 2009 12:54am
The bears and bulls are having a good fight, but just for today I think the bears will win the battle.
  • #185,072
  • Nov 30, 2009 12:58am Nov 30, 2009 12:58am
Quoting goodwings
Pleas,
Can You or ANYBODY....explain the concept of trading the GAP?
How reliable is it?
Thanks.
hey,

there is no concept in trading a gap... it has no significance at all...
When life gives you lemons, make lemonade
  • #185,073
  • Nov 30, 2009 1:09am Nov 30, 2009 1:09am
Am coming in soon to get the dollars left behind... Down boy, Down!!
  • #185,074
  • Nov 30, 2009 1:14am Nov 30, 2009 1:14am
Quoting Reznik
Am coming in soon to get the dollars left behind... Down boy, Down!!

But... I still wait...
  • #185,075
  • Nov 30, 2009 1:19am Nov 30, 2009 1:19am
Quoting Reznik
Am coming in soon to get the dollars left behind... Down boy, Down!!
why will the dollars be left behind. any supports? lol.
  • #185,076
  • Nov 30, 2009 1:35am Nov 30, 2009 1:35am
Thanks Ctic
Thanks micho
Thanks to anyone who intended to or who will add to my question about the gap.
Also,
ANYONE and hopefully EVERYONE should rejoice with me....
AM 1 YEAR IN Forex Factory ....This month!!!!!!!!!!!....with positive result this month.....if am not greedy or fearful in my 2day's trading. Thanks.
  • #185,077
  • Nov 30, 2009 1:54am Nov 30, 2009 1:54am
another pinbar in 1H, seems cable want to see 6500 again!
  • #185,078
  • Nov 30, 2009 2:01am Nov 30, 2009 2:01am
pending sell order on USDJPY at 86.35 target adjustable 85.5x

dont copy, at your own risk
When life gives you lemons, make lemonade
  • #185,079
  • Nov 30, 2009 2:08am Nov 30, 2009 2:08am
Quoting FXAdvice
another pinbar in 1H, seems cable want to see 6500 again!
Done,

Now next station will be 6475...
  • #185,080
  • Nov 30, 2009 2:14am Nov 30, 2009 2:14am
Hi everyone,

Hit my TP at 1.6500...+70pips. 4H just turn so waiting to go to ard 1.6540-50 to short again...looking to go to 1.6420 n next lvl 1.6330ish. Scalping here n there. Been a gud day so far. Cheers.

Happy trading.
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