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Cable Update (GBPUSD)

  • #188,561
  • Dec 20, 2009 9:44pm Dec 20, 2009 9:44pm
Long gbp/usd tp 1.64xx
  • #188,562
  • Dec 20, 2009 9:51pm Dec 20, 2009 9:51pm
I think it is going to bounce off the resistance @ 1.6160 and head down.
Got 2 trendlines of resistance as well, the one going up from 1.6109 and the one going down from 1.6410.
  • #188,563
  • Dec 20, 2009 10:34pm Dec 20, 2009 10:34pm
in short @ 1.6154... sl 1.6208
  • #188,564
  • Dec 20, 2009 11:15pm Dec 20, 2009 11:15pm
Good Morning no trades opened so far, waiting.
"Hate the sin, love the sinner." - Gandhi
  • #188,565
  • Dec 20, 2009 11:20pm Dec 20, 2009 11:20pm
I can find some resistance levels at 6200, 6300 and even 6400. But i think it has exceeded .50 fibo already. Now it's time to go down...And if you have a look at FA, this theory seems to be bolster as well...Bias bearish imo. By the way, the market's fuking slow now T_T
  • #188,566
  • Dec 20, 2009 11:53pm Dec 20, 2009 11:53pm
Hello,

I am short at 1.6145 SL 1.6185 TP 1.6050.

atheer1
atheer1
  • #188,567
  • Dec 21, 2009 12:25am Dec 21, 2009 12:25am
I am wondering what happens normally. I meant do the markets become sluggish for all pairs ? Is it better to close off all positions and start again in the new year ?

Just want to get some idea

Thanks

PS: I personally think GBP would be in an uptrend soon looking at daily and weekly, but we warned it is of medium term so manage your cashflow well ....
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  • #188,568
  • Dec 21, 2009 1:03am Dec 21, 2009 1:03am
Quoting earthsmate
PS: I personally think GBP would be in an uptrend soon looking at daily and weekly, but we warned it is of medium term so manage your cashflow well ....
Just forget GBP, and don't even look at chart mate. It makes no sense at all. All about now is US's economic recovery and strengths of USD itself.

Dollar Trades Near 3-Month High on Recovery
http://www.bloomberg.com/apps/news?p...jymNy.sE&pos=1

Anyway, thanks for your warning. I think the same too. Seem that everyone don't wanna hold through holiday, maybe lots of them will close position which might cause little increase in Cable in short term

On 1hr tf, the triangle is squezzing. Watch out for a break-out. Good luck to all
  • #188,569
  • Dec 21, 2009 1:07am Dec 21, 2009 1:07am
Quoting FXTheOne
Just forget GBP, and don't even look at chart mate. It makes no sense at all. All about now is US's economic recovery and strengths of USD itself.

Dollar Trades Near 3-Month High on Recovery
http://www.bloomberg.com/apps/news?p...jymNy.sE&pos=1

Anyway, thanks for your warning. I think the same too. Seem that everyone don't wanna hold through holiday, maybe lots of them will close position which might cause little increase in Cable in short term

On 1hr tf, the triangle is squezzing. Watch out for a break-out. Good...
Thanks for the tip. I only have a small position. I think I would close and let the last two weeks to focus on something else, or relax :d

There is so much manipulation, so I am not sure if it is a true USD recovery. I think I just see my charts .

Cheers
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  • #188,570
  • Edited 1:28am Dec 21, 2009 1:17am | Edited 1:28am
Still waiting for a sell signal as long term remains sell, very short term trend is quite bullish right now.
"Hate the sin, love the sinner." - Gandhi
  • #188,571
  • Dec 21, 2009 1:18am Dec 21, 2009 1:18am
Seems that down movement was pretty shortlived, the 15min demark ind shows it is ready for an upwards movement, then it is probably gonna start ranging....
I closed my short for +25pips.
  • #188,572
  • Dec 21, 2009 2:09am Dec 21, 2009 2:09am
still short, on 1H TF trendline is now at the top of range...
  • #188,573
  • Dec 21, 2009 2:14am Dec 21, 2009 2:14am
hello,

It is better to stay out.

atheer1
atheer1
  • #188,574
  • Dec 21, 2009 2:17am Dec 21, 2009 2:17am
Hello,
Closed my short,and I will stay out for the rest of the day.

atheer1
atheer1
  • #188,575
  • Dec 21, 2009 2:25am Dec 21, 2009 2:25am
Will continue bearish, the upmove got sold on the 1h candle at 7AM GMT.
"Hate the sin, love the sinner." - Gandhi
  • #188,576
  • Dec 21, 2009 2:26am Dec 21, 2009 2:26am
Really abnormal day, usually by this time the volumes are above 700-800 but the last few bars were only around 450....
Wonder if its gonna be like this until after new years.
  • #188,577
  • Dec 21, 2009 2:50am Dec 21, 2009 2:50am
Quoting TheGabriel
Will continue bearish, the upmove got sold on the 1h candle at 7AM GMT.
Hi, how far do you think it will move down in your opinion?

If it follows the trendline exactly, it will end up at around 6080, and judging from the speed of things today I'd say that is kind of hopeful if the market doesn't start moving soon....
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  • #188,578
  • Dec 21, 2009 2:55am Dec 21, 2009 2:55am
To remeber you.
http://www.forexfactory.com/showthre...96#post3317896
  • #188,579
  • Dec 21, 2009 2:57am Dec 21, 2009 2:57am
I dont have any position on GU rite now.. only this 2


AUD/USD
Quoting Yngwie
Sell 0.8859 SL 0.8930 TP 0.8810
EUR/USD
Quoting Yngwie
Sell 1.4345 SL 1.4390 TP 1.4261

http://www.forexsignal-yngwie.com/20...sd-sell-1.html
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #188,580
  • Dec 21, 2009 2:58am Dec 21, 2009 2:58am
Trade opened: Buy USDCHF 1.04810, SL 1.04490.
Edit: TP = 1.05234
"Hate the sin, love the sinner." - Gandhi
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