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Cable Update (GBPUSD)

  • #283,161
  • Jul 4, 2011 4:56am Jul 4, 2011 4:56am
First post, been demo trading for just short of a year (not exactly like George Soros, but not quite like Nick Leeson either).

I'm also short on Sterling, as I think equities and major risk on currency pairs have reached a short term peak.
  • #283,162
  • Jul 4, 2011 4:57am Jul 4, 2011 4:57am
am buying with the dips Gu Set for 6160
Keep the Lights on then you can catch the rise from the dark.
  • #283,163
  • Jul 4, 2011 5:03am Jul 4, 2011 5:03am
Quoting sinchan
I think I am the Only One,

C'mon Short the cable Off
Perhaps not yet. It may be bearish during the end of UK session , I haven't seen any reversal pattern yet.

The Bull is losing it's steam , but it's still early to tell that we are heading down. I'll follow BBking wise word. I'll see the situation during the end of UK session
  • #283,164
  • Jul 4, 2011 5:26am Jul 4, 2011 5:26am
Quoting ricmaj
am buying with the dips Gu Set for 6160
6160 or 6060!!!!
both are not deep enough to call it deep.
  • #283,165
  • Jul 4, 2011 5:37am Jul 4, 2011 5:37am
ok.... simple am buying at the close of this candle stick targeting 6160 irrespective. Thanks.
Keep the Lights on then you can catch the rise from the dark.
  • #283,166
  • Jul 4, 2011 5:38am Jul 4, 2011 5:38am
6150-6000 is the range right now...risk still to the downside... lots of news this week....smooth monday....

im flat, lets c

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.jpg Size: 146 KB
Hero calls followed by margin calls...
  • #283,167
  • Jul 4, 2011 5:45am Jul 4, 2011 5:45am
Quoting sinchan
I thought I am the Only One,

C'mon Short the cable Off
Nope it is a extreme nice move, in which u can set a very tight stop lost.

and this is tactic of SL 7.
  • #283,168
  • Jul 4, 2011 6:36am Jul 4, 2011 6:36am
I am Out because there is a Piercing Line candle stick formation TF 30M, this formation indicated the bulls movement, strong middle

well a bit more to touch my TP ckckck

but the most important I closed it with some pips although didnt touch my TP
Attached Image (click to enlarge)
Click to Enlarge Name: piercing line.gif Size: 28 KB
  • #283,169
  • Jul 4, 2011 6:38am Jul 4, 2011 6:38am
What a Strong Bears Move, after I closed position !!!!

I have enough Trade today..

SO see U tomorrow Guys ..
  • #283,170
  • Jul 4, 2011 6:45am Jul 4, 2011 6:45am
it touched my TP

but See U tomorrow

Salam
  • #283,171
  • Jul 4, 2011 6:45am Jul 4, 2011 6:45am
Quoting evelee8
Day range Trading - Updates from me.
Well - spot the magazine review with the chief fx analyst from boonchan.com - this is really attracting..

Imagine you can find out what is the numbers per trading range - and is it at the bid or ask zone and etc..

As usual - risk is always there when you are in forex market. Trade cautiously and within your limit...

www.boonchan.com - with new trading style and tech - Day Range Trading.
enough...clean up...

c y
Hero calls followed by margin calls...
  • #283,172
  • Jul 4, 2011 6:48am Jul 4, 2011 6:48am
My short was closed in 30 pips profit. Eventually that was not the best entry and the trade was for 2 hours near SL order.
  • #283,173
  • Jul 4, 2011 7:03am Jul 4, 2011 7:03am
Quoting josef
my short was closed in 30 pips profit. Eventually that was not the best entry and the trade was for 2 hours near sl order.

we would have took bb king advise to stay off market till now
Keep the Lights on then you can catch the rise from the dark.
  • #283,174
  • Jul 4, 2011 7:18am Jul 4, 2011 7:18am
Im not seeing any trend to enter trade but I have short on EUR/GBP at 0.9052 which im going to save this as long as I can.. SL at break even so it either gain everything or loose nothing.

Happy trading all.
Trade what you see. Write what you feel
  • #283,175
  • Jul 4, 2011 7:22am Jul 4, 2011 7:22am
Quoting ricmaj
we would have took bb king advise to stay off market till now

BBKing said he was off today.
  • #283,176
  • Jul 4, 2011 7:42am Jul 4, 2011 7:42am
Quoting iqyu5an
aniway depends on time frame we're working, my imho.

6h

***
target is in 12 h : http://www.forexfactory.com/attachme...7&d=1309744827

is this still sure in the next 12hrs can i have the present chart of it
Keep the Lights on then you can catch the rise from the dark.
  • #283,177
  • Jul 4, 2011 7:49am Jul 4, 2011 7:49am
Quoting ricmaj
is this still sure in the next 12hrs can i have the present chart of it

nothing is sure in forex, we all are showing only possibilitys... nothing else..


actualy cable is under pressure, we bounced of important levels to the downside and crossed other important levels down..

so i am for more bears near term..
  • #283,178
  • Jul 4, 2011 7:51am Jul 4, 2011 7:51am
I can see shooting star shape on daily chart , we are heading down soon.
  • #283,179
  • Jul 4, 2011 7:54am Jul 4, 2011 7:54am
Quoting mrforexlee
I can see shooting star shape on daily chart , we are heading down soon.

8h chart has already a shooting star..

ill wait for confirmation first
  • #283,180
  • Jul 4, 2011 7:58am Jul 4, 2011 7:58am
for real am waiting for the bear move tight Sl
Keep the Lights on then you can catch the rise from the dark.
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