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Cable Update (GBPUSD)

  • #284,381
  • Jul 15, 2011 2:44am Jul 15, 2011 2:44am
Quoting MaryJane
yup i expect a bounce around 6100/05 too.. won't risk with a pending here.. pls be careful with that sl - look @h4 - 6075 last swing high before the huge move up and top of that wide range up bar later on. it might want to look at this pip, GL!!

PS: watch EU as well. fell off its channel again and retesting atm. if eu decides to tank, dollar strength could play out here too but if breaks in again and makes an up journey (the eu channel is about 90 pips high), cable could stall in this area for a while and look up again
thanks for advice..anyways im watchin it
Early to bed, early to rise, keeps you healthy, wealthy and wise.
  • #284,382
  • Jul 15, 2011 2:47am Jul 15, 2011 2:47am
Quoting Johnny Depp
well... that intresting... what is your reason for that if I may ask?...

cuz this is pretty strong support but it might fall thru depends what eu is doing will it go under 1.4072 or not
Early to bed, early to rise, keeps you healthy, wealthy and wise.
  • #284,383
  • Jul 15, 2011 2:52am Jul 15, 2011 2:52am
Quoting MaryJane
yup i expect a bounce around 6100/05 too.. won't risk with a pending here.. pls be careful with that sl - look @h4 - 6075 last swing high before the huge move up and top of that wide range up bar later on. it might want to look at this pip, GL!!

PS: watch EU as well. fell off its channel again and retesting atm. if eu decides to tank, dollar strength could play out here too but if breaks in again and makes an up journey (the eu channel is about 90 pips high), cable could stall in this area for a while and look up again
you 'expect'... well that is good choice of word .... anyway.. I would like to see if the market can hunt that SL... they might get a chance u know... but its good thing to trap them... of coz im sorry 'bout your loss... but then again, its good trap... I dont think the market maker that stupid...
  • #284,384
  • Jul 15, 2011 2:59am Jul 15, 2011 2:59am
Quoting sinchan
As we can see the candle stick is forming the Tweezers Up Pattern which is a signed for bearish movement, besides its retrace have been failed to break the line of EMA 50, which means this could lead us to the strong bearish for the next day, Insya Allah..
Where Is The Bulls ..????
  • #284,385
  • Jul 15, 2011 3:05am Jul 15, 2011 3:05am
morning....
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  • #284,386
  • Jul 15, 2011 3:05am Jul 15, 2011 3:05am
Quoting sinchan
Where Is The Bulls ..????
the bulls a running away coz they saw a cowboy at 1.6170.. hahaha...
  • #284,387
  • Jul 15, 2011 3:10am Jul 15, 2011 3:10am
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  • #284,388
  • Jul 15, 2011 3:15am Jul 15, 2011 3:15am
Quoting MaryJane
sold 6158..
closed.
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  • #284,389
  • Jul 15, 2011 3:30am Jul 15, 2011 3:30am
ok risky but..... good R/R for some pip
lets see!

my congrats to who went short on highs!
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  • #284,390
  • Jul 15, 2011 3:32am Jul 15, 2011 3:32am
Quoting _BBKing_
ok risky but..... good R/R for some pip
lets see!

my congrats to who went short on highs!

shorted from 70 and now went long from 1.6098
Early to bed, early to rise, keeps you healthy, wealthy and wise.
  • #284,391
  • Jul 15, 2011 3:35am Jul 15, 2011 3:35am
Quoting eqshack
shorted from 70 and now went long from 1.6098

tight stop loss will be ok, cuz previous demand zone still in tact, am watching from the sides anyway.
Keep the Lights on then you can catch the rise from the dark.
  • #284,392
  • Jul 15, 2011 3:35am Jul 15, 2011 3:35am
Active week for this pair.

The weekly range = 413.

1 year weekly range=303

Last 4 weeks Weekly range= 279.

If it gets back up to 1.6180 I am going Short.
  • #284,393
  • Jul 15, 2011 3:38am Jul 15, 2011 3:38am
Quoting eqshack
shorted from 70 and now went long from 1.6098
gave a pullback of 15-16 pips
i expected something more.
closed half +7
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  • #284,394
  • Jul 15, 2011 3:45am Jul 15, 2011 3:45am
4 pips from my SL
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  • #284,395
  • Jul 15, 2011 3:47am Jul 15, 2011 3:47am
I shoulds thanx to the one who bought at 1.6098... it s indeed a good trap... n of coz im sorry for your loss... I wonder how much lots does the market maker sense there.... now this going to confirm 'bout a bearish are happen... I've doubt if the market can brake 1.6170 level... not even if they do at the end of the day... it doesnt matter now where the market will go.... what ever that sell after this im going to sell... on monday of coz... today is just a recon.. love u guys..
  • #284,396
  • Jul 15, 2011 3:55am Jul 15, 2011 3:55am
well i chickened out too early (entered 6157 closed 6113) but i went long eu at that moment and i'm psychologically handicapped - unable to be long here and short there..

Yea this demand zone holds but gets eaten alive by the bear. 6065ish is the level to watch now. If that one gives way, we could see 5960 again (theory) - no demand near in sight.
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  • #284,397
  • Jul 15, 2011 4:00am Jul 15, 2011 4:00am
0.8 pips from my stop
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  • #284,398
  • Jul 15, 2011 4:00am Jul 15, 2011 4:00am
Quoting MaryJane
well i chickened out too early (entered 6157 closed 6113) but i went long eu at that moment and i'm psychologically handicapped - unable to be long here and short there..

Yea this demand zone gets eaten alive by the bear. 6065ish is the level to watch now.

Hey Mary after your post yesterday I said i will go short on GU becuz the uptrend line shows no price action above it and that I did, am swimming on +60 pips now. sl adjusted already. On EU close must be above 4142 otherwise its doom to Short for now. just my opinion. I trade charts anyway safe trades
Keep the Lights on then you can catch the rise from the dark.
  • #284,399
  • Jul 15, 2011 4:05am Jul 15, 2011 4:05am
Quoting MaryJane
well i chickened out too early (entered 6157 closed 6113) but i went long eu at that moment and i'm psychologically handicapped - unable to be long here and short there..

Yea this demand zone holds but gets eaten alive by the bear. 6065ish is the level to watch now. If that one gives way, we could see 5960 again (theory) - no demand near in sight.
well... at least u dare to enter the market today... but not me... im the one who chickened out... but its my rules not to enter a market on friday, no matter what... just recon....
  • #284,400
  • Jul 15, 2011 4:11am Jul 15, 2011 4:11am
You think we can reach 1.6000 by end today? i been holding short position from 1.61544.
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