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Cable Update (GBPUSD)

  • #280,801
  • Jun 7, 2011 8:34am Jun 7, 2011 8:34am
what you're saying maybe right.. gonna close my trade now.. dont want to take any risk...
thanks dude..
  • #280,802
  • Jun 7, 2011 8:34am Jun 7, 2011 8:34am
if you want to make fast a sure 20 pips. check the GBP/CHF who is going to his weekly pivot. that is more sure 20 pips then a short on the GBP/USD.
  • #280,803
  • Jun 7, 2011 8:34am Jun 7, 2011 8:34am
I esriously don't know how anyone can trade GU right now with a resposible risk/reward ratio
Come with me if you want to live....
  • #280,804
  • Jun 7, 2011 8:38am Jun 7, 2011 8:38am
where do you think would be a good price for take profit on my long position? Its currently on 1.6465
  • #280,805
  • Jun 7, 2011 8:39am Jun 7, 2011 8:39am
Quoting Ill-b-back
I esriously don't know how anyone can trade GU right now with a resposible risk/reward ratio
You can't! the only people moving the market now are floor scalpers and cowboys - unless your trading tiny lots then its just playing with dice - no trend > no skill > no trade....J U S T W A I T............unless someone can prove me wrong with some decent analysis > most indicators are price derivations anyway and that isnt giving us any pleasure so i'll be surprised if someone has a psychic type insight into this.
  • #280,806
  • Jun 7, 2011 8:42am Jun 7, 2011 8:42am
on GBP there is nothing to trade right now
Trade responsiblypatience is the key/Swing trader
  • #280,807
  • Jun 7, 2011 8:44am Jun 7, 2011 8:44am
Quoting gsantri
all closed, 50+45 pips.

reversed bought at 6358.
closed half for 82. final tp 6490.

cant post chart, on mobile.
Remaining half closed 84 p.

I smell bullish on usd
.
Attached Image (click to enlarge)
Click to Enlarge Name: gu0607.gif Size: 21 KB
  • #280,808
  • Jun 7, 2011 8:46am Jun 7, 2011 8:46am
Quoting gsantri
"I smell bullish on usd"
Tend to agree...ish
  • #280,809
  • Jun 7, 2011 8:48am Jun 7, 2011 8:48am
Quoting Incrediblle
on GBP there is nothing to trade right now
Agreed, likely to lose your shirt with a long, then your pants with a short in todays market. It's a real wedgie. Big move tomorrow though. North or South? I don't know, but I will play it anyway
Come with me if you want to live....
  • #280,810
  • Jun 7, 2011 8:58am Jun 7, 2011 8:58am
If you're a volume trader there was a nice low volume one bar pullback to the 10 ema 45 minutes ago (on the 15 min TF). Now sitting at +12 and with the bears not particularly interested could retest todays highs for an exit. Didn't move two pips against.
  • #280,811
  • Jun 7, 2011 9:08am Jun 7, 2011 9:08am
Quoting Praga
if you want to make fast a sure 20 pips. check the GBP/CHF who is going to his weekly pivot. that is more sure 20 pips then a short on the GBP/USD.

Just made 90,- USD from those 20 little pips.

Enjoy your trading day
  • #280,812
  • Jun 7, 2011 9:16am Jun 7, 2011 9:16am
Quoting Praga
Just made 90,- USD from those 20 little pips.

Enjoy your trading day
congrats
Hero calls followed by margin calls...
  • #280,813
  • Jun 7, 2011 9:20am Jun 7, 2011 9:20am
1.6468 is a strong resistance on H4 if this goves then we will see a new high today
  • #280,814
  • Jun 7, 2011 9:22am Jun 7, 2011 9:22am
Quoting PhAnTi'
congrats
thx mate
  • #280,815
  • Jun 7, 2011 9:27am Jun 7, 2011 9:27am
Just got a txt: "GU testing todays top but lets face it - its not going anywhere right?" LOL
  • #280,816
  • Jun 7, 2011 10:58am Jun 7, 2011 10:58am
I guess we could say that it made new high so it's all the way up to the downward trend line or resistance at 1.6515. If price would break channel down, i guess order may be closed. However, would trail it for max profit. It can be difficult because of ranging price action.

http://3.bp.blogspot.com/-53Q_hGzveE...cal+update.png
  • #280,817
  • Jun 7, 2011 12:09pm Jun 7, 2011 12:09pm
Quoting suirad
I guess we could say that it made new high so it's all the way up to the downward trend line or resistance at 1.6515. If price would break channel down, i guess order may be closed. However, would trail it for max profit. It can be difficult because of ranging price action.

http://3.bp.blogspot.com/-53Q_hGzveE...cal+update.png
So you bullish? over what time period?

Got a pattrepp that looks kinda cool - even if the gmma isnt going to make me short it....Im just not sure on the strength of this...fundamentally the £ is stronger but we all know it doesn't work like that....keynes found that out trying to trade forex with economic theory , if he cant do it noone can HA! Might just call it a day, total for the past 8 hours it 403pips; dont think im geeting much else out the market today. By folks...
Attached Image (click to enlarge)
Click to Enlarge Name: gupatrep.gif Size: 26 KB
  • #280,818
  • Jun 7, 2011 1:11pm Jun 7, 2011 1:11pm
Quoting Walker93
So you bullish? over what time period?

Got a pattrepp that looks kinda cool - even if the gmma isnt going to make me short it....Im just not sure on the strength of this...fundamentally the £ is stronger but we all know it doesn't work like that....keynes found that out trying to trade forex with economic theory , if he cant do it noone can HA! Might just call it a day, total for the past 8 hours it 403pips; dont think im geeting much else out the market today. By folks...
Yes, surely bullish, either long and short term.
  • #280,819
  • Jun 7, 2011 5:13pm Jun 7, 2011 5:13pm
Ascending triangle...

Is Bullish!!!
Attached Image (click to enlarge)
Click to Enlarge Name: GBP 07-06-2011 18-10-57.jpg Size: 342 KB
  • #280,820
  • Jun 7, 2011 5:16pm Jun 7, 2011 5:16pm
Quoting suirad
Yes, surely bullish, either long and short term.
I hope you are right.
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