I'm thinking we hit 6440 on the 4H. Stopping volume and accumulation then breakout of the triangle/channel and now the top of channel proved support at 6330. Daily chart also at bottom of trend channel. Maybe FOMC sends this up. I'm long from 6330.
Cable Update (GBPUSD)
- #187,862
- Dec 16, 2009 12:36pm Dec 16, 2009 12:36pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #187,864
- Dec 16, 2009 12:58pm Dec 16, 2009 12:58pm
If you wnt to trade fx and be successful u need tolearn and understand trading by yourself. Don'tfollow sadow's and quote from every dick and harryy else it's your fund that suffer's.
I Posted since friday 1.6340-1.6400 as target most people thot we were joking.....Learn from people who have made mistake's and have come off it.
I Posted since friday 1.6340-1.6400 as target most people thot we were joking.....Learn from people who have made mistake's and have come off it.
finally my position closed with 4+ pip after -60 ~ ...
!
- #187,868
- Dec 16, 2009 1:28pm Dec 16, 2009 1:28pm
- Joined Jun 2007 | Status: As you say Ingles - rich and free | 2,751 Posts
- #187,874
- Dec 16, 2009 1:46pm Dec 16, 2009 1:46pm
now I can breath my 6380 short, never get in negative during news so that is a good idea of a good entry level. it seems clear to the downside now that it broke 6320 level
I will trail my stop on the way down.
- #187,876
- Dec 16, 2009 1:49pm Dec 16, 2009 1:49pm
- Joined Jun 2007 | Status: As you say Ingles - rich and free | 2,751 Posts
- #187,877
- Dec 16, 2009 1:53pm Dec 16, 2009 1:53pm
- Joined Oct 2009 | Status: Trader | 15,211 Posts
it seems clear to the downside now that it broke 6320 level
I will trail my stop on the way down.
Are we looking at the same chart?
* Major support at 6189 on daily
* minor support 6323 on M30, not closed below
* Bottom TL on the Daily
* H1 touching the sma25
* M3 above sma25
* fairly good news so far today in UK
* RSI, Mach and Stoch pointing up on daily.
Adding to my longs.
- #187,878
- Dec 16, 2009 1:55pm Dec 16, 2009 1:55pm
Ok,
hope is gonna work out for you!
good luck!
This is the way i see it
- #187,879
- Dec 16, 2009 1:57pm Dec 16, 2009 1:57pm
Are we looking at the same chart?
* Major support at 6189 on daily
* minor support 6323 on M30, not closed below
* Bottom TL on the Daily
* H1 touching the sma25
* M3 above sma25
* fairly good news so far today in UK
* RSI, Mach and Stoch pointing up on daily.
Adding to my longs.
- #187,880
- Dec 16, 2009 1:59pm Dec 16, 2009 1:59pm
- Joined Oct 2009 | Status: Trader | 15,211 Posts
Well lets go to 6189 i will close down there Thank you for the advice
Don't take what I write as advise, just my reading of the tea leaves. Lots in the way of 6189.