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Cable Update (GBPUSD)

  • #283,021
  • Jul 1, 2011 7:02am Jul 1, 2011 7:02am
ok i hold my weak short for a while....
Sl already BEp+5
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  • #283,022
  • Jul 1, 2011 7:16am Jul 1, 2011 7:16am
what about buying?
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  • #283,023
  • Jul 1, 2011 7:20am Jul 1, 2011 7:20am
Quoting _BBKing_
now unless in last 10 minutes we get a spike, this h1 can close below all previous closings and below many previuos h1 bottoms.

and out of trendline upward.

lets see if does

I agree with you. but right now am on short. I think it will break the previous day low. I will just trying getting some few out of it and rest for the day.
Keep the Lights on then you can catch the rise from the dark.
  • #283,024
  • Jul 1, 2011 7:22am Jul 1, 2011 7:22am
uhm
i re-closed whole.

i wait n see what goes on.
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  • #283,025
  • Jul 1, 2011 7:23am Jul 1, 2011 7:23am
Quoting bguguen
apparently we're in consolidation between 2 trendlines, best wait for a breakout before you act...

Attachment
I like your chart, is it MT4? mind to share the template.

Thanks
Trade what you see. Write what you feel
  • #283,026
  • Jul 1, 2011 7:24am Jul 1, 2011 7:24am
Opened a couple of longs on the cable in my entry-zone, for the first one I was maybe too high ... let's see, hopefully I'll exit around 1,6030-40 ...

Stoploss just under the yellow zone ...
Attached Image (click to enlarge)
Click to Enlarge Name: gu_long.png Size: 29 KB
Lorenzo
  • #283,027
  • Jul 1, 2011 7:24am Jul 1, 2011 7:24am
Quoting _BBKing_
what about buying?
Im buying. Dont see any trend till NFP next week.. market will just go up and down and make people crazy..hehe
Trade what you see. Write what you feel
  • #283,028
  • Jul 1, 2011 7:37am Jul 1, 2011 7:37am
Just Back .. and see a tweezer bottom as a signal of bullish in 15M.. I am late
  • #283,029
  • Jul 1, 2011 7:48am Jul 1, 2011 7:48am
I am in with short since there is a dragon fly doji in 5M TF
  • #283,030
  • Jul 1, 2011 8:07am Jul 1, 2011 8:07am
Quoting e_piz
Im buying. Dont see any trend till NFP next week.. market will just go up and down and make people crazy..hehe
me bought 1/3 position will add if we go above 6050-6060
Sl already BEp 6010

im bit in doubt of it for the moment..
and gold again 4888

lets see in 30mins if takes a direction before USA data or if it is another fake upmove from support
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  • #283,031
  • Jul 1, 2011 8:12am Jul 1, 2011 8:12am
90% of traders use TA, indicators and prediction
  • #283,032
  • Jul 1, 2011 8:17am Jul 1, 2011 8:17am
out manually +4
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  • #283,033
  • Jul 1, 2011 8:23am Jul 1, 2011 8:23am
Still gat 50 Pips to catch on GU Short. Price to get to 5975. If its not short its long ''BB King''
Keep the Lights on then you can catch the rise from the dark.
  • #283,034
  • Jul 1, 2011 8:29am Jul 1, 2011 8:29am
Quoting ricmaj
Still gat 50 Pips to catch on GU Short. Price to get to 5975. If its not short its long ''BB King''
lol
well.... i was calculating how many pips i got last 24hours...
i can say "i wait a bit!"
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  • #283,035
  • Jul 1, 2011 8:35am Jul 1, 2011 8:35am
what i see is as follow:

double top will be 100% confirmed with h1 closing below base 6005-6000
until now this didn't happen. only get a ride below then went testing that damn red trend line.

now,
a sell stop as we see is not really good.
or better... looks like dangerous as last times price went below base came above quickly.

but, hext h1 candle will take a boost by manufactury in usa.
lets see where will go and mostly where will close.
another bit of patience imo
Attached Image (click to enlarge)
Click to Enlarge Name: gusdh1.jpg Size: 190 KB
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  • #283,036
  • Jul 1, 2011 8:46am Jul 1, 2011 8:46am
I agree with you. From chart sellers seem to have dominated the 6044/6022 with several closes going below this range. It there by makes it difficult for me from my usual experience to place a buy at that price except a close appears at that range. So am looking downward. More so my Sell Limit triggered at 6033 so am holding it till the news with tight sl @ 6050
Keep the Lights on then you can catch the rise from the dark.
  • #283,037
  • Jul 1, 2011 8:49am Jul 1, 2011 8:49am
who was late on taking the position 6030?
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  • #283,038
  • Jul 1, 2011 8:50am Jul 1, 2011 8:50am
Some big dons just sent it back in other to place a sell. hahahahah
Keep the Lights on then you can catch the rise from the dark.
  • #283,039
  • Jul 1, 2011 8:50am Jul 1, 2011 8:50am
Yaiks...Told so.. no trend today..market will just play so you get stuck over the weekend..

then if you hit a gap next week...unlucky you.

GL all..
Trade what you see. Write what you feel
  • #283,040
  • Jul 1, 2011 8:52am Jul 1, 2011 8:52am
i wait data to come
then i will wait market reaction
then i will wait first m5 n m15 closing price.
then i will decide if trade or go to venice (40km from here)

lolz
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