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Cable Update (GBPUSD)

  • #189,681
  • Dec 29, 2009 1:46am Dec 29, 2009 1:46am
Quoting Petar_Serbia
My frined,

Tell me just one reason to go long on this condition ?

look now and you tell me why i went long yesterday

Have A good Trading Day .
THE CREATOR AND OWNER OF S.N.M "Serve no Master" Trading Stystem
  • #189,682
  • Dec 29, 2009 1:53am Dec 29, 2009 1:53am
Cable has put on about 25 pips in early European trade. presently at 1.6030. From here, technical resistances noted at 1.6050 (200 DMA) and 1.6055 (10 DMA)
  • #189,683
  • Dec 29, 2009 1:59am Dec 29, 2009 1:59am
Watching this very close....
We had an up move on low volume and some big volume has just stepped in on the last 3 candles, looks like the up was fake just to make us come in and they're selling into it, if this last bar has low spread like the previous 2 this is sell, waiting for spread confirmation here.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.jpg Size: 178 KB
"Hate the sin, love the sinner." - Gandhi
  • #189,684
  • Dec 29, 2009 2:08am Dec 29, 2009 2:08am
Hello,

I am long from 1.6006 SL 1.5976 TP open.

atheer1
atheer1
  • #189,685
  • Dec 29, 2009 2:12am Dec 29, 2009 2:12am
Quoting atheer1
Hello,

I am long from 1.6006 SL 1.5976 TP open.

atheer1
http://www.fx-invest.ru/img/403/news/5830/1.gifWhat you think? I don't know...
  • #189,686
  • Dec 29, 2009 2:22am Dec 29, 2009 2:22am
Quoting Jemmy
5945 floating +181pips, 225pips to go (entry=6126, SL=6045, TP=5720)
6045..SL hit..Mission Failed..
Patience + Discipline =
  • #189,687
  • Dec 29, 2009 2:23am Dec 29, 2009 2:23am
Quoting Jemmy
6045..SL hit..Mission Failed..
Very hard to trade these days bro, don't worry keep it going
"Hate the sin, love the sinner." - Gandhi
  • #189,688
  • Dec 29, 2009 2:28am Dec 29, 2009 2:28am
Quoting Privet
http://www.fx-invest.ru/img/403/news/5830/1.gifWhat you think? I don't know...
HELLO,

I am trading intraday,for me an hourly close above 1.6065 is good for a further upward move.

atheer1
atheer1
  • #189,689
  • Dec 29, 2009 2:28am Dec 29, 2009 2:28am
Quoting TheGabriel
Very hard to trade these days bro, don't worry keep it going
TheGabriel...great call on GU the past few days... I for one was not expecting this move and still prefer to sell rallies... but you have thrown caution to those winds...

Cheers and Happy New Yr to you!
  • #189,690
  • Dec 29, 2009 2:32am Dec 29, 2009 2:32am
HELLO,

I am trading intraday,for me an hourly close above 1.6065 is good for a further upward move.

______________________
Hello! Special for intraday
http://www.tradingcentral.com/chart/...1229072341.gif
  • #189,691
  • Dec 29, 2009 2:32am Dec 29, 2009 2:32am
Go with what you see not with others proves a point....this particular trade does
Let Price determine your future!
  • #189,692
  • Dec 29, 2009 2:34am Dec 29, 2009 2:34am
Is their a reason for his nice move up in the last few hours on the GBP?

Thanks
cb
  • #189,693
  • Dec 29, 2009 2:41am Dec 29, 2009 2:41am
Quoting Geppyg
Go with what you see not with others proves a point....this particular trade does
Agreed. This upmove was no accident.
30 odd pips to go brother :
1. http://www.forexfactory.com/showpost...stcount=189648

Thank You
  • #189,694
  • Dec 29, 2009 2:44am Dec 29, 2009 2:44am
Guys.. some info please. As per my broker, FXPRO, the 200 Day SMA comes at 1.61528 (current level 1.605).

However, I see that on my reuters terminal the 200 Day SMA to be 1.6047.

It would be simple to calculate... but anyone else using FXPRO have the same value?
  • #189,695
  • Dec 29, 2009 2:45am Dec 29, 2009 2:45am
Quoting saprasa
TheGabriel...great call on GU the past few days... I for one was not expecting this move and still prefer to sell rallies... but you have thrown caution to those winds...

Cheers and Happy New Yr to you!
you cannot define sell rallies this or buy that in just a moment.. new trader do that kind of thing often. sell this.. sell sell sell.. then the fact is its going up. then buy buy buy. dont judge everything easily. then follow others trade one by one. its not gonna help your system. nothing change in this holiday. its still selling but of course retracement always happens. in the end. just watch the PA carefully.
  • #189,696
  • Dec 29, 2009 2:48am Dec 29, 2009 2:48am
I think attention should be given to the weekly chart, as that will give a better understanding of whats going to happen in the soonest future.
  • #189,697
  • Dec 29, 2009 2:58am Dec 29, 2009 2:58am
I was stopped out at 1.6050 for the record. -36 pips

I have one more short left in me as price action has turned around, and looking at most all of the gbp pairs they are setting up for a big fall imo.

Sell 1.6054 sl: 1.6084

Shawn
  • #189,698
  • Dec 29, 2009 2:58am Dec 29, 2009 2:58am
I'm going to SELL
  • #189,699
  • Dec 29, 2009 3:02am Dec 29, 2009 3:02am
lol .. some people here are unbelievably reckless
Thank You
  • #189,700
  • Dec 29, 2009 3:02am Dec 29, 2009 3:02am
Quoting wormboy
Agreed. This upmove was no accident.
30 odd pips to go brother :
1. http://www.forexfactory.com/showpost...stcount=189648

Spot on Brov..This was an almost guaranteed trade and patience was the key...Holding long from lower levels.....but am happy with that the trade worked out perfectly....
Let Price determine your future!
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