Sell GU at 1.6311 
TP 20 pips
TP 20 pips
Cable Update (GBPUSD)
- #275,622
- Apr 6, 2011 9:59pm Apr 6, 2011 9:59pm
I can't say for certain why it would go up, other than the overall trend on the larger time frames.But I can say that for me I don't see any reason to short anything for more than a 20-pip target max for a while now.
For me, the 200ma is a good tool for finding support/res. levels.Since the pa has been above it for a while on the larger time frames, I look for longs most of the time.If it does dip below the 200ma on the smaller time frames and confirms the small downward movement I go for a 5 to 15-pip scalp. Some say 5-15 pips isn't worth it,I...
- #275,625
- Apr 7, 2011 1:18am Apr 7, 2011 1:18am
- Joined Mar 2007 | Status: 'sleeping in a dumpster' | 2,151 Posts
Sell GU at 1.6311
TP 20 pips
Dr. D.
- #275,627
- Apr 7, 2011 1:34am Apr 7, 2011 1:34am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
ECB will raise interest rates while BoE are chicken and will continue to sit on their hands.
Looking at 1.456ish to sell EU and for now I am staying clear of this very undecisive cable.
This one is for Pepper! - Up, down, up, down... where is the fooking trend on this baby -
Attachment
Sell 1.64 and Buy 1.60 is what I see!
then hourly TF shows some clear trend, but main is going nowhere at moment
there is weekly trendline (main downtrend) on 6200 (near)
would be interesting if closes week below....
today i stand away of market,
will come back after all news and after all spikes
90% of traders use TA, indicators and prediction
- #275,628
- Apr 7, 2011 1:40am Apr 7, 2011 1:40am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
Thank you
I think GU is chasing that check sign (1.6227).. what do you think?
yesterday i went short 6340 targetin there 6220
did not reach n closed my short in 6275
same is doing today
touched 6260 near n up 20pips
6250-6255 strong support already tested in the past
will hold till london session at least
i would now wait if breakes below that strong line
was good your short in 63 area
90% of traders use TA, indicators and prediction
- #275,634
- Apr 7, 2011 2:51am Apr 7, 2011 2:51am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Thank You 
- #275,635
- Apr 7, 2011 2:56am Apr 7, 2011 2:56am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
Morning
I don't think they will change the rates today(pretty sure they won't)and the assets is still gonna be the same
the EU maybe will be hit by the 1.25 rates but I would not bet on that either
so....today is like sunday.just sit and wait
I don't think they will change the rates today(pretty sure they won't)and the assets is still gonna be the same
the EU maybe will be hit by the 1.25 rates but I would not bet on that either
so....today is like sunday.just sit and wait
