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Cable Update (GBPUSD)

  • #282,921
  • Jul 1, 2011 2:45am Jul 1, 2011 2:45am
T ought Fight Between Bull & Bear..I am in the middle of nowhere.. Just because lack of patience..!!
  • #282,922
  • Jul 1, 2011 2:45am Jul 1, 2011 2:45am
looks like gold ready to crash whole day to 1460.
isn't it?
any idea guys?
90% of traders use TA, indicators and prediction
  • #282,923
  • Jul 1, 2011 2:48am Jul 1, 2011 2:48am
Quoting _BBKing_
good mornig
what a sleep!!!

gosh... i still had my long since 6020 overnight!.
closed 1 minute ago +70

i need a coffee
Hello, BBKing.

Get your coffee and let's start!

Josef
  • #282,924
  • Jul 1, 2011 2:51am Jul 1, 2011 2:51am
Quoting josef
Hello, BBKing.

Get your coffee and let's start!

Josef
morning
nice your short @6095
im late i need to wait a bit.

what about a boost up to 6170? impossible?
'only' need to breake 6110-20 resist range
90% of traders use TA, indicators and prediction
  • #282,925
  • Jul 1, 2011 2:51am Jul 1, 2011 2:51am
It has to fail now for the short side to be good ?

G/L

Quoting bbmac
you never know could turn out to be a double top at that 6094 area ?...price has pulled back to to 38.2% of the last 1hr swing up 6006-6094 and there was a LH on 5/5min on 2nd attempt at at today...see-ing some 5min hidden div developing now though.

G/L
Attached Image (click to enlarge)
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ex member
  • #282,926
  • Jul 1, 2011 2:52am Jul 1, 2011 2:52am
Ck..Lost 23 Point.. Now I need to Be Patience..!!
  • #282,927
  • Jul 1, 2011 2:56am Jul 1, 2011 2:56am
Quoting sinchan
Ck..Lost 23 Point.. Now I need to Be Patience..!!
unlucky but I think your stop was in wrong place - If I had shorted at your entry point I would have had stop above 6094 so if couldn't afford that stop I would have halved volume traded and doubled the stop to get it above 6094.

G/L
ex member
  • #282,928
  • Jul 1, 2011 2:58am Jul 1, 2011 2:58am
1.6062 50% retrace was hit to the level. a possible test to 1.6054 61.8% down to 1.6044 76.4% is likely before a possible uptrend continuation into the London open.
  • #282,929
  • Jul 1, 2011 2:58am Jul 1, 2011 2:58am
manufactury day in EUR GBP n USD
wow
90% of traders use TA, indicators and prediction
  • #282,930
  • Jul 1, 2011 2:59am Jul 1, 2011 2:59am
h4 close in 1 min here...doesnt look good for bulls atm...

Attached Image (click to enlarge)
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Hero calls followed by margin calls...
  • #282,931
  • Jul 1, 2011 3:00am Jul 1, 2011 3:00am
Quoting bbmac
unlucky but I think your stop was in wrong place - If I had shorted at your entry point I would have had stop above 6094 so if couldn't afford that stop I would have halved volume traded and doubled the stop to get it above 6094.

G/L
i agree!
me near resistance area, as im i pick 1/3 of normal position with good stop. then i add if thing goes good.
after 2 years im still unable to pick full position near main levels, always scared of a possible spike
90% of traders use TA, indicators and prediction
  • #282,932
  • Jul 1, 2011 3:06am Jul 1, 2011 3:06am
the matter is the emas targeting up
while macd n PA shows at least 6050

lets see
Attached Image (click to enlarge)
Click to Enlarge Name: gusdm10.gif Size: 36 KB
90% of traders use TA, indicators and prediction
  • #282,933
  • Jul 1, 2011 3:07am Jul 1, 2011 3:07am
I break my entry in 2-3 parts.
Trader from Croatia
  • #282,934
  • Jul 1, 2011 3:07am Jul 1, 2011 3:07am
If PMI breaks 50 all bets are off... and we may get a pretty vicious selloff of GBP across the board...
  • #282,935
  • Jul 1, 2011 3:08am Jul 1, 2011 3:08am
Current near-term 1hr looks like this now...Uk data due at 0930am London.

G/L
Attached Image
ex member
  • #282,936
  • Jul 1, 2011 3:10am Jul 1, 2011 3:10am
yes, it is a distinct posssibility, at very least we could see a knee-jerk reaction of some £ selling as the greater probability reaction to such a print. Under 50 is considered contractionary.

G/L

Quoting Wulfgar
If PMI breaks 50 all bets are off... and we may get a pretty vicious selloff of GBP across the board...
ex member
  • #282,937
  • Jul 1, 2011 3:12am Jul 1, 2011 3:12am
Thanks Guys for the advices, My Bad not to wait until the candle stick finished forming the body
  • #282,938
  • Jul 1, 2011 3:17am Jul 1, 2011 3:17am
ok anyway a buy stop above 6120 can be good if get a boost up
isn't it?
90% of traders use TA, indicators and prediction
  • #282,939
  • Jul 1, 2011 3:19am Jul 1, 2011 3:19am
Quoting _BBKing_
ok anyway a buy stop above 6120 can be good if get a boost up
isn't it?
well if data shows up big (55ish) i def think that could be a good trade!
  • #282,940
  • Jul 1, 2011 3:26am Jul 1, 2011 3:26am
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