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Cable Update (GBPUSD)

  • #282,221
  • Jun 23, 2011 6:40am Jun 23, 2011 6:40am
Quoting ambroni
ok now for go down tp 5955 till news again.
What made you to take this trade?
  • #282,222
  • Jun 23, 2011 6:45am Jun 23, 2011 6:45am
Just trying 4hr support.
  • #282,223
  • Jun 23, 2011 6:47am Jun 23, 2011 6:47am
Stop b4 us unemployment claim.
  • #282,224
  • Jun 23, 2011 6:53am Jun 23, 2011 6:53am
weekly close below 1.6 and we will see 5810 next week. lot of room here,

lets c



Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.jpg Size: 120 KB
Hero calls followed by margin calls...
  • #282,225
  • Jun 23, 2011 6:53am Jun 23, 2011 6:53am
[quote=e_piz;4719446]Good time to long Gbp/Jpy if anyone interested. Just enter @ 128.86 TP 130.5 .[/

what made you take this trade? just asking
  • #282,226
  • Jun 23, 2011 7:03am Jun 23, 2011 7:03am
Yea, av to wait, but tomorrow we rise.... Just watcing how it ends 2day. it has to bottom out anywhere here except R3 is breached, tomorrow i would long

Quoting forexwizard
hold on for a while!
  • #282,227
  • Jun 23, 2011 7:21am Jun 23, 2011 7:21am
guys i pop up to say only few things...
we are in downtrend
below 6000
all european indices are deep red
dow jones will open red

why reason to pick longs on GU now without significant pullback from 59 area??

be carefull!!
wait a clear sign imo.
90% of traders use TA, indicators and prediction
  • #282,228
  • Jun 23, 2011 7:25am Jun 23, 2011 7:25am
Quoting _BBKing_
guys i pop up to say only few things...
we are in downtrend
below 6000
all european indices are deep red
dow jones will open red

why reason to pick longs on GU now without significant pullback from 59 area??

be carefull!!
wait a clear sign imo.
Absolutely, right now is better to stay back and look where it is going.
  • #282,229
  • Jun 23, 2011 7:35am Jun 23, 2011 7:35am
Quoting PhAnTi'
weekly close below 1.6 and we will see 5810 next week. lot of room here,

lets c



Attachment
Hi PhAnTi

The chart you put up shows a rough head and shoulder pattern.
First can you call it that?
If we can call it that a break of the neckline has serious implications for the pound...

Olu
If you think you can or cannot do it you are correct
  • #282,230
  • Jun 23, 2011 7:44am Jun 23, 2011 7:44am
Quoting PhAnTi'
weekly close below 1.6 and we will see 5810 next week. lot of room here,

lets c



Attachment
I will look for 1.55xx
Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 93 KB
  • #282,231
  • Jun 23, 2011 7:48am Jun 23, 2011 7:48am
Quoting fendi
Yea, av to wait, but tomorrow we rise.... Just watcing how it ends 2day. it has to bottom out anywhere here except R3 is breached, tomorrow i would long

17pips done aint bad.
Attached Image (click to enlarge)
Click to Enlarge Name: qqqq.gif Size: 36 KB
  • #282,232
  • Jun 23, 2011 7:54am Jun 23, 2011 7:54am
Quoting _BBKing_
i did few minutes ago what i have been unable to do since huge time....
i picked a short on gold.
  • #282,233
  • Edited 8:30am Jun 23, 2011 8:12am | Edited 8:30am
sorry, I honestly do not understant fully .

EDIT: OK I get it, stock as stock, not as stocks makes sense now

http://0.gravatar.com/avatar/655332d...0&d=retro&r=PG
IEA calling an urgent press conference in Paris for 1300GMT

By Joe Brown || June 23, 2011 at 12:46 GMT
|| 0 comments || Add comment
Declines to comment on reason.
Talk on the street that a Saudi official suggested release of IEA stocks to control prices.
ICE brent down over $4 to $109.80 with WTI down around $3 to $91.25
  • #282,234
  • Jun 23, 2011 8:24am Jun 23, 2011 8:24am
LOL!
  • #282,235
  • Jun 23, 2011 8:58am Jun 23, 2011 8:58am
Gu hits a potential price ahead of a key data. I go Long from here
Keep the Lights on then you can catch the rise from the dark.
  • #282,236
  • Jun 23, 2011 9:00am Jun 23, 2011 9:00am
Bought GBPUSD, would look out for RSI to correct along with positive MACD Gradient. Ideally the next few bar to comes should close in green and cross over MA.

  • #282,237
  • Jun 23, 2011 9:03am Jun 23, 2011 9:03am
1.5920 critical now, right? that is the last line of defense before very deep xxxx
  • #282,238
  • Jun 23, 2011 9:15am Jun 23, 2011 9:15am
After carefully analyzed my chart, my indicators and my strategies which I have used as a success story I am predicting market to end as a Long Legged Doji. PA as reached a peak and all indicators have placed it in oversold region. Sellers are under intense pressure so alot of moving out of the market but in an undecisive manner. This inturn will give GBP a new momentum with buyers confidence still in doubt. So market goes into indecision. No more scalping for now. However always Safe Trades. Tight SL
Keep the Lights on then you can catch the rise from the dark.
  • #282,239
  • Jun 23, 2011 9:21am Jun 23, 2011 9:21am
Quoting gsantri
yesss
90% of traders use TA, indicators and prediction
  • #282,240
  • Jun 23, 2011 9:31am Jun 23, 2011 9:31am
Quoting ricmaj
After carefully analyzed my chart, my indicators and my strategies which I have used as a success story I am predicting market to end as a Long Legged Doji. PA as reached a peak and all indicators have placed it in oversold region. Sellers are under intense pressure so alot of moving out of the market but in an undecisive manner. This inturn will give GBP a new momentum with buyers confidence still in doubt. So market goes into indecision. No more scalping for now. However always Safe...

I believe indicators that show oversold or overbought levels aren't indicating a trend reversal,they mostly indicate time to cash in on your positions.My 2cents
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