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Cable Update (GBPUSD)

  • #235,461
  • Jul 4, 2010 8:55pm Jul 4, 2010 8:55pm
if the price breaks the trend line on 4hours chart, i'm going short for a 40 pips profit or so...
  • #235,462
  • Jul 4, 2010 9:29pm Jul 4, 2010 9:29pm
Quoting Forextrader4
if the price breaks the trend line on 4hours chart, i'm going short for a 40 pips profit or so...
Can you at least show the trendline because I can show you at least 5-7 trendlines on the 4hr
  • #235,463
  • Jul 4, 2010 9:38pm Jul 4, 2010 9:38pm
Quoting Forextrader4
if the price breaks the trend line on 4hours chart, i'm going short for a 40 pips profit or so...
north or south ? lol Tell us at what point would you enter the trade ?
  • #235,464
  • Jul 4, 2010 9:47pm Jul 4, 2010 9:47pm
closer to top trend line. at the mo

http://screencast.com/t/ZjUyM2My
  • #235,465
  • Jul 4, 2010 10:13pm Jul 4, 2010 10:13pm
Quoting Allseeingeye
Can you at least show the trendline because I can show you at least 5-7 trendlines on the 4hr
LOL My baaaddd, i didn't even think of posting a chart because i was in a hurry to take a shower and eat something. But here you go, that's what i was talking about, i always use my line for 1 hour and 4 hours time frame. But even with the price breaking below the trend line, i still want to see the price break below 1.5160 area before i consider shorting.
  • #235,466
  • Jul 4, 2010 10:18pm Jul 4, 2010 10:18pm
Quoting Forextrader4
LOL My baaaddd, i didn't even think of posting a chart because i was in a hurry to take a shower and eat something. But here you go, that's what i was talking about, i always use my line for 1 hour and 4 hours time frame. But even with the price breaking below the trend line, i still want to see the price break below 1.5160 area before i consider shorting.
I went short at the open & holding till 1.50 area

http://www.forexfactory.com/showpost...stcount=235424
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  • #235,467
  • Jul 4, 2010 10:25pm Jul 4, 2010 10:25pm
Quoting Allseeingeye
I went short at the open & holding till 1.50 area

http://www.forexfactory.com/showpost...stcount=235424
The 30 min 50ema acting as support now .needs to break that one.I' am short too.
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  • #235,468
  • Jul 4, 2010 10:39pm Jul 4, 2010 10:39pm
Quoting james_phuc28
Hi Allseeingeyes,

In fact, I also plan to short GU when market opens and if it create a GAP up, I will short right away. If a GAP up, then, it is very good chance to short GU at 1.5235 - 1.5250 or 1.5270 - 1.5295, with stop loss 1.5310 (or 1.5320 to avoid stop hunting by bad brokers).

But I don't think that GU can go down strongly from 1.5195 (closed price of last Friday) down to 1.5000 level, but my target may be around 1.5055 - 1.5110, depending on reversal candles on H1 and H4, and strong bullish candles on M15.

Please share your ideas...
I didnt say it would get there by morning my friend but if you look at my chart we have a big move up & it should come back to around 61.8 fib if we are to get a move up to 1.55. I could be off a bit but I dont think so, we might even go lower to 1.4950 78.6 fib depending on the Fundamentals agree with the BULL FLAG Technicals!
  • #235,469
  • Jul 4, 2010 11:17pm Jul 4, 2010 11:17pm
Hi this is again how I see it. Now it could break short, be mind full it could be a false break out. only to move to the UP side.

My view
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BE THE BEST YOU CAN BE AND BE IT TODAY
  • #235,470
  • Jul 4, 2010 11:24pm Jul 4, 2010 11:24pm
becareful in R1 pivot point,
i think it will go there...,(maybe)
I will be the number one Manager.
  • #235,471
  • Jul 4, 2010 11:28pm Jul 4, 2010 11:28pm
Quoting javapips
becareful in R1 pivot point,
i think it will go there...,(maybe)
Very True. my R1 is at 1.5231. yours ?
  • #235,472
  • Jul 4, 2010 11:28pm Jul 4, 2010 11:28pm
Quoting javapips
becareful in R1 pivot point,
i think it will go there...,(maybe)
Thanks profit taking about 10pips prior to that level
BE THE BEST YOU CAN BE AND BE IT TODAY
  • #235,473
  • Jul 4, 2010 11:33pm Jul 4, 2010 11:33pm
Could be low volatility due to us holiday. LOndon will tell
BE THE BEST YOU CAN BE AND BE IT TODAY
  • #235,474
  • Jul 4, 2010 11:37pm Jul 4, 2010 11:37pm
Quoting Honored
Very True. my R1 is at 1.5231. yours ?
same...


anyway anyone knows, did Mr. O say something when independence day? US economy maybe,
I will be the number one Manager.
  • #235,475
  • Jul 4, 2010 11:40pm Jul 4, 2010 11:40pm
Quoting Allseeingeye
I went short at the open & holding till 1.50 area

http://www.forexfactory.com/showpost...stcount=235424
This is exactly why i didn't want to short yet, now gbp/usd is trading at 1.5191. You should have waited for a clear solid trade. The direction is still Not clear yet....
  • #235,476
  • Jul 4, 2010 11:41pm Jul 4, 2010 11:41pm
Quoting javapips
same...


anyway anyone knows, did Mr. O say something when independence day? US economy maybe,
Lol i tried to see him today since i was out watching the fireworks and i didn't see him, maybe he wasn't even there "the white house".
  • #235,477
  • Jul 4, 2010 11:48pm Jul 4, 2010 11:48pm
Quoting Forextrader4
Lol i tried to see him today since i was out watching the fireworks and i didn't see him, maybe he wasn't even there "the white house".
you are US citizen dude? in US there is no 'ceremony' each independence day? in my country always, held each years in that day, and mostly near that day politician talk about how is the country (including economy). is that soo in there?
I will be the number one Manager.
  • #235,478
  • Jul 4, 2010 11:49pm Jul 4, 2010 11:49pm
i think u call this a flag..bullish..if it breaks out to the top side it gonna fly
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  • #235,479
  • Jul 4, 2010 11:50pm Jul 4, 2010 11:50pm
Quoting javapips
you are US citizen dude? in US there is no 'ceremony' each independence day? in my country always, held each years in that day, and mostly near that day politician talk about how is the country (including economy). is that soo in there?
you should come to New York and see how the whole sky was lit up with Fireworks tonight. It was amazing. i just saw some pics. Yes we do have ceremony
  • #235,480
  • Jul 4, 2010 11:51pm Jul 4, 2010 11:51pm
Quoting javapips
you are US citizen dude? in US there is no 'ceremony' each independence day? in my country always, held each years in that day, and mostly near that day politician talk about how is the country (including economy). is that soo in there?
Well we do blow stuff up if that counts as a "ceremony"
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