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Cable Update (GBPUSD)

  • #283,861
  • Jul 10, 2011 4:36pm Jul 10, 2011 4:36pm
Quoting Feliks
GL, But I'll wait PA around 1.5975 forming setup for buy..
uhm
i have 6015 n 6010 n 6000
below these we go more than 5975 near 5950-5960
isn't it?
90% of traders use TA, indicators and prediction
  • #283,862
  • Jul 10, 2011 4:39pm Jul 10, 2011 4:39pm
spread near 6016 went 5pips
damn brokers.
now 3 pips
c'mon too much!
90% of traders use TA, indicators and prediction
  • #283,863
  • Jul 10, 2011 5:01pm Jul 10, 2011 5:01pm
Quoting Feliks
GL, But I'll wait PA around 1.5975 forming setup for buy..
will also watch this lvl, last weeks warzone and pre-nfp swing tops on shorter tf. some support above 6010 but won't take a trade here.

Quoting _BBKing_
below these we go more than 5975 near 5950-5960
isn't it?
i don't think so. i'd expect a bounce between 5972-88, i'll possibly post a chart later on, my br0ker didn't open yet.....
MarginTrader All Time Return: na
  • #283,864
  • Jul 10, 2011 5:17pm Jul 10, 2011 5:17pm
Quoting MaryJane
will also watch this lvl, last weeks warzone and pre-nfp swing tops on shorter tf. some support above 6010 but won't take a trade here.
.....
true!
well
i go sleep, i have spreads 3-5 pips... will come back near london openings
good luck
90% of traders use TA, indicators and prediction
  • #283,865
  • Jul 10, 2011 5:53pm Jul 10, 2011 5:53pm
set up a buy limit @5987 sl 5958, tp open,
if stopped out, i'll consider re-entry if she goes further down fast,
i shall delete the order if TL above breaks.
Attached Image (click to enlarge)
Click to Enlarge Name: cable_pending.gif Size: 20 KB
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  • #283,866
  • Jul 10, 2011 7:41pm Jul 10, 2011 7:41pm
sold cable @6036 sl 6047 target 5988
Attached Image (click to enlarge)
Click to Enlarge Name: sold2.gif Size: 16 KB
MarginTrader All Time Return: na
  • #283,867
  • Jul 10, 2011 8:01pm Jul 10, 2011 8:01pm
will stop posting every trade here.
this just for newbies like me: see how simplicity works and keep it simple st*pid and it will work for you too half pos closed +15, rest @be.
Attached Image (click to enlarge)
Click to Enlarge Name: yeah.gif Size: 15 KB
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  • #283,868
  • Jul 10, 2011 8:13pm Jul 10, 2011 8:13pm
We should be testing the 4h high range bar from late last week (5950), and some pups spike to the lower end. But, we are still seeing a new high very soon.
  • #283,869
  • Jul 10, 2011 8:20pm Jul 10, 2011 8:20pm
Quoting MaryJane
sold cable @6036 sl 6047 target 5988

Definitely agreed. Well,I'd rather waiting for a buy within green area or when price breaks through the top.
Believe what you see instead of what you think!
  • #283,870
  • Jul 10, 2011 8:23pm Jul 10, 2011 8:23pm
@MaryJane..
What you did really helps me. I'm so new to this trade.
And I do really learn from your chart.
Thank you for sharing.
  • #283,871
  • Jul 10, 2011 8:41pm Jul 10, 2011 8:41pm
Perhaps we could be setting up for this (blue dotted arrow prediction from orange-lined fib from NFP upmove) if were sitting on support now, its been holding so far. That UTL has been pretty faithful for a little while so that could contain it... or we could be pushing down soon from a longer term retracement... we will know soon enough. Are we also seeing a pennant forming suggesting continued upmoves? Now could be the time to buy if so...
Attached Image (click to enlarge)
Click to Enlarge Name: GBP 11-7-11.PNG Size: 63 KB
  • #283,872
  • Jul 10, 2011 10:11pm Jul 10, 2011 10:11pm
I think Monday will not show us some huge moves. This will continue till Tuesday news. Any way we have to see price behavior around 1.5975-1.6000. If price by touching around 1.5975 closing above 1.6000 on H4, it shows how much strong this support (1.6000). After that if price up to 1.6040 or more it will open the way to first resistance 1.61.. But if will be broken and close H4 under 1.5975-1.5950, I'll say this will trigger the bears. So we can see first support around 1.5750..
http://img196.imageshack.us/img196/9415/gbpusdh4k.gif
http://img535.imageshack.us/img535/3838/gbpusdh1h.gif
Think like an investor, Act as a speculator. Ferid H.
  • #283,873
  • Jul 10, 2011 11:22pm Jul 10, 2011 11:22pm
Quoting Evelyn Susan
@MaryJane..
What you did really helps me. I'm so new to this trade.
Evelyn, don't rely on anyone's comments or trade calls, especially not mine. I'm a newb just as you are. You must make your own picture of all this, see what does or doesn't work for you.
Quoting MaryJane
sold cable @6036 sl 6047 target 5988
Still holding the short and keeping the pending long, if my assumptions are right we might be kicked off top of that light green area pretty well, first target being the upper TL. Have a pending buy in EU @1.4162 as well.

Time will tell, have to go now. GL & green pips to all
Attached Image (click to enlarge)
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MarginTrader All Time Return: na
  • #283,874
  • Jul 11, 2011 12:09am Jul 11, 2011 12:09am
Happy Trading Day To All..

If there is no news, which mean a perfect day to do scalping..

Good Luck

Salam
  • #283,875
  • Jul 11, 2011 12:47am Jul 11, 2011 12:47am
Quoting sinchan
Happy Trading Day To All..

If there is no news, which mean a perfect day to do scalping..

Good Luck

Salam
Morning, I think so too.
  • #283,876
  • Jul 11, 2011 1:29am Jul 11, 2011 1:29am
Holding a short from friday for a 5970 target.
Attached Image (click to enlarge)
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  • #283,877
  • Jul 11, 2011 1:41am Jul 11, 2011 1:41am
Entered my black buy zone
Attached Image (click to enlarge)
Click to Enlarge Name: cable11071.gif Size: 29 KB
Don't get mad, get even!
  • #283,878
  • Jul 11, 2011 2:04am Jul 11, 2011 2:04am
Quoting josef
Morning, I think so too.
Great Master

Alhamdulillah I got + 33 pips already.. I want to have a break now
  • #283,879
  • Jul 11, 2011 2:14am Jul 11, 2011 2:14am
Quoting josef
Morning, I think so too.
Good Morning

Well done - had a look at your statements.
My reports not o user friendly.
Lets woork for a good week!
  • #283,880
  • Jul 11, 2011 2:20am Jul 11, 2011 2:20am
Quoting solofx1
Good Morning

Well done - had a look at your statements.
My reports not o user friendly.
Lets woork for a good week!
Hello, Thanks.

I'm going long right now at 1.5960. (stop loss 20 pips)

Josef
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