I'm with you yorkie - good risk reward. I've put my stop a little tighter though. Target 1.6295
Cable Update (GBPUSD)
- #186,822
- Dec 9, 2009 12:44pm Dec 9, 2009 12:44pm
- | Joined Jun 2007 | Status: Still Learning :) | 1,203 Posts
We could be having a bottom here ??????????????
Took a long anyway .
long can bee risky it could touch 59xx tomorrow chances are less to go up but i am full of shorts and already placed trailing stop on it but be careful tomorrow if it won't break today's highh annd if it closed today near its low so be alert tomorrow it can surpprise you
Ub
- #186,823
- Dec 9, 2009 12:47pm Dec 9, 2009 12:47pm
- | Joined Dec 2007 | Status: Trader | 3,220 Posts
I only trade XAU/USD. Based on USD news & Fib SR & BB20
- #186,825
- Edited 2:08pm Dec 9, 2009 1:48pm | Edited 2:08pm
- Joined Aug 2008 | Status: Trader | 3,976 Posts
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
- #186,829
- Dec 9, 2009 3:01pm Dec 9, 2009 3:01pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
long can bee risky it could touch 59xx tomorrow chances are less to go up but i am full of shorts and already placed trailing stop on it but be careful tomorrow if it won't break today's highh annd if it closed today near its low so be alert tomorrow it can surpprise you
Ub
I'm still holding longs. Let's bring sally up.
Thank You 
- #186,830
- Dec 9, 2009 3:07pm Dec 9, 2009 3:07pm
- | Joined May 2009 | Status: Trader | 1,124 Posts
lol you can't confirm that. Current price does not support continuation.
I'm still holding longs. Let's bring sally up.
. I am not trading much but just keeping an eye on things as this is my first december with forex. Keep up the good work.
You've got to be IN IT to WIN IT!
- #186,831
- Dec 9, 2009 4:34pm Dec 9, 2009 4:34pm
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
lol you can't confirm that. Current price does not support continuation.
I'm still holding longs. Let's bring sally up.
Came up with the same conclusion myself...chart posted here.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- #186,833
- Dec 9, 2009 4:43pm Dec 9, 2009 4:43pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
lol you can't confirm that. Current price does not support continuation.
I'm still holding longs. Let's bring sally up.
not in the trade myself brother..but i think yur yur right looks very sound!
not in the trade myself brother..but i think yur yur right looks very sound!
What are your pros for uptrend for tomorrow, mate?
- #186,835
- Dec 9, 2009 5:07pm Dec 9, 2009 5:07pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Hmm.. downtrend line on H1 is not yet broken. I'm of opinion that upmove will still be limited and not so strong if price will not pass and stay above 1.6325 level tomorrow.
What are your pros for uptrend for tomorrow, mate?
it might go up...it might fall very hard also..impossible to know with any certainity
as good a place to go up..the only thing i find a bit concerning is the cnadles arent bullish
it might go up...it might fall very hard also..impossible to know with any certainity
So for now is it correct that there is no valid ground for long and waiting is a better strategy (if not in market)? On H4 I see 2 engulfing bullish candles, one by one, that could be a signal, together with "double bottom" which I think is not very classic (ideal) in my opinion - price bounced back and forth too close timewise to each move so there was no immediate established trend today (actually yesterday already) in my opinion.
Fundamentally recent news has nothing favouring pound yet in my opinion.
- #186,837
- Dec 9, 2009 8:59pm Dec 9, 2009 8:59pm
- | Commercial User | Joined Feb 2008 | 7,909 Posts
We could be having a bottom here ??????????????
Took a long anyway .
The finest tool in the world still needs a MAN who KNOWS how to use it.
- #186,838
- Dec 9, 2009 9:04pm Dec 9, 2009 9:04pm
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
