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Cable Update (GBPUSD)

  • #187,861
  • Dec 16, 2009 12:30pm Dec 16, 2009 12:30pm
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.
  • #187,862
  • Dec 16, 2009 12:36pm Dec 16, 2009 12:36pm
Quoting clem699
And what way is that?tell him bros,please tell him now,be your brother's keeper.
account blowdown!!
  • #187,863
  • Dec 16, 2009 12:49pm Dec 16, 2009 12:49pm
Quoting cloggie
long 6339 TP 40 or so, want to be out before FOMC.
out for 22 pips, dinner time.
  • #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.

Quoting dil
finally my position closed with 4+ pip after -60 ~ ...
  • #187,865
  • Dec 16, 2009 1:05pm Dec 16, 2009 1:05pm
Keep my short from 6380
4hr candle pin rigth on the weekly resistance
divergence on stochastic for now

if price hold dont break the hig of 6420 during the news I keep my position live.

as long as you have a plan during news time so you dont trigger order just on emotion. you can do fine.
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  • #187,866
  • Dec 16, 2009 1:13pm Dec 16, 2009 1:13pm
.....cya soon 65xx!
  • #187,867
  • Dec 16, 2009 1:25pm Dec 16, 2009 1:25pm
Quoting 30pips
.....cya soon 65xx:d!
not really...
Looks like is going south...
Good luck
Jacko's turtle
  • #187,868
  • Dec 16, 2009 1:28pm Dec 16, 2009 1:28pm
bet that screwed some sl's up !!

I never trade through the news...
  • #187,869
  • Dec 16, 2009 1:29pm Dec 16, 2009 1:29pm
if we can break 6320 resistance the direction will be clear to the downside
keep holding my short so far
  • #187,870
  • Dec 16, 2009 1:34pm Dec 16, 2009 1:34pm
I am long again, from R1 upto R2 TP 50 pips or so.
  • #187,871
  • Dec 16, 2009 1:38pm Dec 16, 2009 1:38pm
Quoting zumzum
not really...
Looks like is going south...
Good luck
....that was just retracement,still north!
  • #187,872
  • Dec 16, 2009 1:39pm Dec 16, 2009 1:39pm
head and shoulders on 15min?
  • #187,873
  • Dec 16, 2009 1:43pm Dec 16, 2009 1:43pm
Quoting 30pips
....that was just retracement,still north!
Ok,
hope is gonna work out for you!
good luck!
Jacko's turtle
  • #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.
  • #187,875
  • Dec 16, 2009 1:46pm Dec 16, 2009 1:46pm
Quoting zumzum
Ok,
hope is gonna work out for you!
good luck!
..thanks!
  • #187,876
  • Dec 16, 2009 1:49pm Dec 16, 2009 1:49pm
Quoting 30pips
....that was just retracement,still north!
I am in the northern hemisphere and it looks down on my screen

So I am shorting

The Australians should go long coz it's the other way up
  • #187,877
  • Dec 16, 2009 1:53pm Dec 16, 2009 1:53pm
Quoting Lejumeau
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.

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
Quoting zumzum
Ok,
hope is gonna work out for you!
good luck!
I would interprete this more as a negative sentiment over a fed news annoucement. wich can lead in bear mode since the bull was not so strong , we just came out 150 pip of a ranging market ... so it is still a pretty weak rally up..

This is the way i see it
  • #187,879
  • Dec 16, 2009 1:57pm Dec 16, 2009 1:57pm
Quoting cloggie
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.
Well lets go to 6189 that would be a 200pip ride I will close down there Thank you for the advice
  • #187,880
  • Dec 16, 2009 1:59pm Dec 16, 2009 1:59pm
Quoting Lejumeau
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.
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