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Cable Update (GBPUSD)

  • #283,321
  • Jul 5, 2011 7:39am Jul 5, 2011 7:39am
Ok I am in for long 1.6104 TP 1.6130 (but if there is a breakout I will surf it up to the 1.6177
  • #283,322
  • Jul 5, 2011 7:40am Jul 5, 2011 7:40am
Sold GBPUSD at 1.6100
Target 1.6020
Stop: 1.6150

MACD is gone dark in both GBPUSD and GBPJPY
GBPUSD is SAFE then GBPJPY,

Lets see what happens next,
Don't compare your Trades with Others
  • #283,323
  • Jul 5, 2011 7:47am Jul 5, 2011 7:47am
Quoting e_piz
Short @ 1.6124, tight SL..
Close @ 1.61 and enter long @ 1.61..
my 4 H just confirm the bull trend.

GL All
Trade what you see. Write what you feel
  • #283,324
  • Jul 5, 2011 7:49am Jul 5, 2011 7:49am
I'm giving it another bearish shot with an entry order at 6093. Entry order SL at 6113. This has less downside potential than the previous attempt, but if I get the chance to move the SL to breakeven again, I've got nothing to lose.

The support level just above that entry level (6096-7ish) coincides with the 23.6% Fibo level from the 9:15 CET low to 11:45 CET high. Hopefully with the US open, risk-off trading can get its act together.
  • #283,325
  • Jul 5, 2011 7:51am Jul 5, 2011 7:51am
Just popped back in office to see what I missed after own trading session ended a few hours ago...not a lot by the looks of it...supply toward current dailh hi has kept cable upmove tempered to 107% of the 20day atr so far today...the pullback to the 23.6% of the 5989-6128 move and the previous 1hr swing hi x 2 zone (previous resistance) see-ing some demand...above here the previous 1hr swing hi zone to 6128 current daily hi then previous 1hr/4hr swing hi zones to 6139-yesterday's hi (Daily R1 @/around 6134) and then 6149 with Weekly R1, Monthly Pivotand 38.2% 6546-5910 just above @/around 6152.

Current 1hr near-term chart below.

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: z.jpg Size: 83 KB
ex member
  • #283,326
  • Jul 5, 2011 7:57am Jul 5, 2011 7:57am
me too .....
Quoting josef
Nice! Closed with +15 pips profit. Fast and easy!

I also had a good log trade . 1.6021 - 1.6109 ( 87 pips) but don't like to post trade when I hadn't post my entry.

My results for today:

-30 pips
+87 pips
+15 pips
-------------
102 pips total

Josef
  • #283,327
  • Jul 5, 2011 8:07am Jul 5, 2011 8:07am
short again
  • #283,328
  • Jul 5, 2011 8:23am Jul 5, 2011 8:23am
Short @ 1.6102 SL @ 1.6115 TP @ 1.6062
  • #283,329
  • Jul 5, 2011 8:46am Jul 5, 2011 8:46am
Quote
Quote:
Originally Posted by josef http://www.forexfactory.com/images/buttons/viewpost.gif
I'm in 6103.


wait little bit Master after it touched my TP
Got my 10 pips and I'm happy.

How is your's TP?
  • #283,330
  • Jul 5, 2011 8:52am Jul 5, 2011 8:52am
Quoting josef
Got my 10 pips and I'm happy.

How is your TP?
It touched already..and now I am going long to 16130 my TP
  • #283,331
  • Jul 5, 2011 9:01am Jul 5, 2011 9:01am
hi everyone

still holding long

from http://www.forexfactory.com/showthre...93#post4750693







15 min chart shows forming bullish flag with 130 pips pole

guys fyi i am still a newbie

see can reach my target
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gbp15.gif Size: 28 KB
  • #283,332
  • Jul 5, 2011 9:01am Jul 5, 2011 9:01am
Quoting josef
Got my 10 pips and I'm happy.

How is your's TP?
I wonder if u got 100 pips.. what would it be like more than 'happy'?..
  • #283,333
  • Jul 5, 2011 9:03am Jul 5, 2011 9:03am
final TP still 1.6200

  • #283,334
  • Jul 5, 2011 9:06am Jul 5, 2011 9:06am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD D1 07052011.png Size: 65 KB
  • #283,335
  • Jul 5, 2011 9:18am Jul 5, 2011 9:18am
Quoting Hazmat
final TP still 1.6200

same here still waiting for it to go up to hit my final TP too
  • #283,336
  • Jul 5, 2011 9:22am Jul 5, 2011 9:22am
Quoting e_piz
Close @ 1.61 and enter long @ 1.61..
my 4 H just confirm the bull trend.

GL All
Close at 1.6117. Done for today. I dont see any major movement till NFP..
Good trading day with big pips.

Good Luck All.
Trade what you see. Write what you feel
  • #283,337
  • Jul 5, 2011 9:32am Jul 5, 2011 9:32am
i see a move above 1.7 brewing
Attached Image (click to enlarge)
Click to Enlarge Name: gbpweekly.PNG Size: 46 KB
Don't have an ego. Always question yourself and your ability.
  • #283,338
  • Jul 5, 2011 9:46am Jul 5, 2011 9:46am
Quoting RamsesII
i see a move above 1.7 brewing
Fundamentally it shouldn't happen, unless inflation in the UK goes nuts, forcing the BoE to accelerate Bank Repo Rate hikes.
  • #283,339
  • Jul 5, 2011 9:48am Jul 5, 2011 9:48am
sold cable @6112 supply z.
Attached Image (click to enlarge)
Click to Enlarge Name: sh cable.gif Size: 16 KB
MarginTrader All Time Return: na
  • #283,340
  • Jul 5, 2011 9:57am Jul 5, 2011 9:57am
from 2011 high, each level is pips moved.
Attached Image (click to enlarge)
Click to Enlarge Name: cable.gif Size: 16 KB
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