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Cable Update (GBPUSD)

  • #192,741
  • Jan 13, 2010 11:20am Jan 13, 2010 11:20am
This level is near ?

Potential Strategy
Approaching first level of converging resistance near 1.6336-.6354.
What is the trend? Neutral
What is this pattern? No pattern present
Why is this significant?
What other indicators or Fib Levels support this thesis?
Reason for Strategy


Support & Resistance Levels
Resistance 3 1.61340 daily pivot
Resistance 2 1.6413 daily pivot
Resistance 1
Current Price 1.6269
Support 1 1.6207 daily pivot
Support 2 1.6134 daily pivot (center line)


Support 3 1.6076 daily pivot

  1. http://gftnet.gftforex.com/images/co...16-16%20AM.pnghttp://gftnet.gftforex.com/images/co...16-35%20AM.png

[/quote]

  • #192,742
  • Jan 13, 2010 11:22am Jan 13, 2010 11:22am
I'm still short, several positions namely 4, waiting for BE, just hope it will go down for a while...this pushing up now is forceful one, no volume, no certainty, it has to retrace to a lower level before going up, I just hope so. good luck to all of u.
  • #192,743
  • Jan 13, 2010 11:22am Jan 13, 2010 11:22am
Quoting wormboy
Next resistance is @6380 level. Might as well give your money to charity
Hi WB,
I think, You were the only one short y'day. Reversed your position ?

Agree we are in up trend - playing for taking advantage of OB position but OB can become more OB. Realize that !
  • #192,744
  • Jan 13, 2010 11:23am Jan 13, 2010 11:23am
Quoting dil
Bull and bear still playing

http://www.getaforexlife.com/bull_nad_bear.gif


no move at all
hey Dil , stop sharing pics and pray for me ,plz
  • #192,745
  • Jan 13, 2010 11:25am Jan 13, 2010 11:25am
Quoting m.haggag
oooh what a massive loss bro , my entry was sell at 1.6288 and I'm crying right now .....but i know that ur are a great trader and longer so
god with u
I think you should be able to get out without loss. I will have to book some loss.

Cheers.
  • #192,746
  • Jan 13, 2010 11:26am Jan 13, 2010 11:26am
Quoting m.haggag
hey Dil , stop sharing pics and pray for me ,plz
why you didnt close ur shorts with 2+ ~ i had 2 shorts on my account and one clients so today 40 - 30 pips ~
  • #192,747
  • Jan 13, 2010 11:27am Jan 13, 2010 11:27am
Quoting m.haggag
hey Dil , stop sharing pics and pray for me ,plz
Don't worry man. I think the Longs have shot their bolt. Should creep down now.
  • #192,748
  • Jan 13, 2010 11:32am Jan 13, 2010 11:32am
Quoting dil
why you didnt close ur shorts with 2+ ~ i had 2 shorts on my account and one clients so today 40 - 30 pips ~
i don't know i think i was greedy , it hit my tp 1 with +40 so im crying right now but I think that i got the lesson


AGAIN ,it makes me calm (thanks Dil for this song )

Baby are you down down down down down,
Downnnnnnn, downnnnnnn,
Even if the sky is falling down,
Downnnnn, downnnnn
Ooohhh (ohhh) You oughta know,
Tonight is the night to let it go,
Put on a show,
I wanna see how you lose control,
  • #192,749
  • Jan 13, 2010 11:33am Jan 13, 2010 11:33am
Quoting vilas
Don't worry man. I think the Longs have shot their bolt. Should creep down now.
I agree. Inside bar just formed on the 15 minute and they werent able to press through resistance. Heres to a fast fall.
  • #192,750
  • Jan 13, 2010 11:34am Jan 13, 2010 11:34am
Quoting m.haggag
i don't know i think i was greedy , it got my tp 1 with +40 so im crying right now but I think that i got the lesson
Yeah 40 + a day is more than much
  • #192,751
  • Jan 13, 2010 11:35am Jan 13, 2010 11:35am
took a small short here
  • #192,752
  • Jan 13, 2010 11:36am Jan 13, 2010 11:36am
Sure is a scalperama scenario

gave up looking for trends a long time ago

Looking for a trend is like looking for Osama's cave - tiring, expensive, dangerous and no result at the end of it

happy with euro and GBP scalps - lovely long smooth waves inside a range

heavenly
  • #192,753
  • Jan 13, 2010 11:37am Jan 13, 2010 11:37am
Hope it goes down 20-25 pips now..
  • #192,754
  • Jan 13, 2010 11:39am Jan 13, 2010 11:39am
Quoting ninreznor
I agree. Inside bar just formed on the 15 minute and they werent able to press through resistance. Heres to a fast fall.
I think not to worry much for those who are within 30-40 pips.
  • #192,755
  • Jan 13, 2010 11:41am Jan 13, 2010 11:41am
Quoting vilas
Hi WB,
I think, You were the only one short y'day. Reversed your position ?

Agree we are in up trend - playing for taking advantage of OB position but OB can become more OB. Realize that !
Hi vilas ..
I'm sure I wasn't the only one short yesterday.
Remember this?:
1. http://www.forexfactory.com/showpost...postcount=2579

Think myself & GM were the only ones who carried longs over the weekend.
Point is, price had brokeout from 6165 today. So I now see no reason to short, unless scalping.
And yes sir, I do reverse my positions like the wind blows till a proper trend is established.
Thank You
  • #192,756
  • Jan 13, 2010 11:44am Jan 13, 2010 11:44am
Here's another reason why I am reluctant to sell right now, even if scalping.

Chart :
1. http://www.forexfactory.com/showpost...postcount=2896
Thank You
  • #192,757
  • Jan 13, 2010 11:44am Jan 13, 2010 11:44am
wtf is going with that cable, it's struggling to go up but I need some pips down and I really expect it.
My Tp is at 6270, if I decide I will close earlier..
  • #192,758
  • Jan 13, 2010 11:47am Jan 13, 2010 11:47am
Hello guys,

This is my swing trade(2 days ago),about 30 pips to 200 profit,we will wait


Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdclose.gif Size: 17 KB
"Buy on fear, sell on greed !!!
  • #192,759
  • Jan 13, 2010 11:48am Jan 13, 2010 11:48am
going short at 6295....
  • #192,760
  • Jan 13, 2010 11:50am Jan 13, 2010 11:50am
Quoting joemiami
going short at 6295....
sell ???
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Januje
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