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Cable Update (GBPUSD)

  • #186,881
  • Dec 10, 2009 2:43am Dec 10, 2009 2:43am
Boys doesn't look like a bull trap anymore. Hate to bite the bullet but I think I have too.



Quoting SeaPip
I sure hope so!!!! Anyone else selling???
  • #186,882
  • Dec 10, 2009 2:45am Dec 10, 2009 2:45am
Quoting SeaPip
I sure hope so!!!! Anyone else selling???

Am out!! Keep it on. Got no open trades...
  • #186,883
  • Dec 10, 2009 2:45am Dec 10, 2009 2:45am
Hello,

Any one who is selling the cable will be kicked out,otherwise I will be K.O.I think we will reach 1.6360 level.

thanks,
atheer1
atheer1
  • #186,884
  • Dec 10, 2009 2:48am Dec 10, 2009 2:48am
Well, I closed my short in +223pips opened on Monday.

Reasons: market hasn't managed to breakout to downside yet; sometimes we have to bank profits; important news are coming out today.
  • #186,885
  • Dec 10, 2009 2:51am Dec 10, 2009 2:51am
Buy stop @ 6300
  • #186,886
  • Dec 10, 2009 2:52am Dec 10, 2009 2:52am
The bull is angry?
damn you bull...what in a late time you come out
  • #186,887
  • Dec 10, 2009 3:03am Dec 10, 2009 3:03am
Hello,

If the bulls manage to take the resistance at 1.6313 then 1.6360 will be at hand.

Thanks,
atheer1
atheer1
  • #186,888
  • Dec 10, 2009 3:06am Dec 10, 2009 3:06am
Quoting atheer1
Hello,

If the bulls manage to take the resistance at 1.6313 then 1.6360 will be at hand.

Thanks,
atheer1
This is my personnel view
if the gbpusd not break above TL util BOE statement it will have a spike
Attached Image (click to enlarge)
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  • #186,889
  • Dec 10, 2009 3:16am Dec 10, 2009 3:16am
Quoting atheer1
Hello,

If the bulls manage to take the resistance at 1.6313 then 1.6360 will be at hand.

Thanks,
atheer1
you forgot 1.6330 which is most powerful... bears won 2 battles there in last 2 days. until 1H/4H candle does not close higher than 1.6330 bears rule g/u.
  • #186,890
  • Dec 10, 2009 3:20am Dec 10, 2009 3:20am
what a shit market, there is no direction
  • #186,891
  • Dec 10, 2009 3:22am Dec 10, 2009 3:22am
No direction till the news is announced in England later today.
  • #186,892
  • Dec 10, 2009 3:22am Dec 10, 2009 3:22am
for some reason, im believing in bull power....
Just a silly reason...In my 1hr chart's stoch indicator showing a sign to buy...
which is 70/30 percent chance to go bull...
But, we never know what will happen when the news come out...
Attached Image (click to enlarge)
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  • #186,893
  • Dec 10, 2009 3:25am Dec 10, 2009 3:25am
Quoting Baby-Trader
what a shit market, there is no direction
until she breaks 1.6180 or 1.6330 there will be no direction... scalping for few pips is the only option...
  • #186,894
  • Dec 10, 2009 3:28am Dec 10, 2009 3:28am
Quoting Baby-Trader
what a shit market, there is no direction
Indeed. I can almost smell the shit. Likes to bounce around the daily pivot. Been trying to open a clear positions for a "real" breakout almost 2 hours. All trades hit my BE, gain or lost 5 pips here and there. "Best" there's been something like +20 pips but i didnt take it. Tried to give it a room to develop real direction. Overall lost about 10 pips during the 2 hours. Meh
  • #186,895
  • Dec 10, 2009 3:28am Dec 10, 2009 3:28am
Bring on the news! This is like watching a tennis match, one end to the next.
  • #186,896
  • Dec 10, 2009 3:34am Dec 10, 2009 3:34am
Watching the tick chart, its like a dead corpse hooked to a ECG monitor.
http://img.skitch.com/20091210-mqsni...5raebwb9mq.png
  • #186,897
  • Dec 10, 2009 3:35am Dec 10, 2009 3:35am
Quoting KwAAkS
until she breaks 1.6180 or 1.6330 there will be no direction... scalping for few pips is the only option...
agree with you..
but i am bad in scalping..could you give me some simple scalping tactics?
Patience + Discipline =
  • #186,898
  • Dec 10, 2009 3:36am Dec 10, 2009 3:36am
Quoting SeaPip
I sure hope so!!!! Anyone else selling???
Time will tell....I see accumalation......not distribution
Let Price determine your future!
  • #186,899
  • Dec 10, 2009 3:40am Dec 10, 2009 3:40am
Quoting KwAAkS
you forgot 1.6330 which is most powerful... bears won 2 battles there in last 2 days. until 1H/4H candle does not close higher than 1.6330 bears rule g/u.
hello KwAAkS,

Thanks for your comment,but let us wait and see.

atheer1
atheer1
  • #186,900
  • Dec 10, 2009 3:56am Dec 10, 2009 3:56am
i'm going long from 1.6280 sl 1.6205 target1: 6358 because:

Technicaly , The old TL from 11 march 09 was touched & the 3rd wave of elliot seems begining , but news is comming very important , and TL in 1.6300 is resist.
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