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Cable Update (GBPUSD)

  • #284,781
  • Jul 21, 2011 7:23am Jul 21, 2011 7:23am
6250 resistence should be broken to go further up
lets see waht US session brings

Good Luck guys..
Don't compare your Trades with Others
  • #284,782
  • Jul 21, 2011 7:39am Jul 21, 2011 7:39am
Anyone notice the Supply on the 4HR... at 1.62329 ish. last time it hit this level was back on 20th june... and its it first time reaching there. seems to be a strong one since 20th june had a huge bear candle to warrant a good supply level.

anyone here feel it will hold for a push back down for a 100 pip drop or so?

Steve
  • #284,783
  • Jul 21, 2011 7:47am Jul 21, 2011 7:47am
eyes on 6250
if not broken it may fall again to its normal level 16160

i am selling at 6230
target 1.6160

stop above 6260
macd is not moving with the price maybe a bull trap
be carefull

sold eur again at 1.4285
target 1.4220
target 2 1.4160

Good Luck
Don't compare your Trades with Others
  • #284,784
  • Jul 21, 2011 8:09am Jul 21, 2011 8:09am
hope its a 'true' breakout ..

http://i53.tinypic.com/1h6k37.jpg
  • #284,785
  • Jul 21, 2011 8:14am Jul 21, 2011 8:14am
Quoting MaryJane
bought 6126 sl 6091 as planned, target open.
closed @6259 +133p

bulls haven't won the battle yet but as we broke out of the wedge on daily, we might have a nice channel on the 4hr now, let's see if it holds:
Attached Image (click to enlarge)
Click to Enlarge Name: 4hr.cbl.gif Size: 23 KB
MarginTrader All Time Return: na
  • #284,786
  • Jul 21, 2011 8:15am Jul 21, 2011 8:15am
I was thinking of selling at the line I drew in at approx 1.62007, right at the base of where the previous supply line is... and using a tight stop at 1.62590... for a 130+ pip gain towards the 200 EMA (shown as the thick white line)

Quoting DubaiFX
eyes on 6250
if not broken it may fall again to its normal level 16160

i am selling at 6230
target 1.6160

stop above 6260
macd is not moving with the price maybe a bull trap
be carefull

sold eur again at 1.4285
target 1.4220
target 2 1.4160

Good Luck
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.jpg Size: 246 KB
  • #284,787
  • Jul 21, 2011 8:16am Jul 21, 2011 8:16am
Quoting MaryJane
closed @6259 +133p

bulls haven't won the battle yet but as we broke out of the wedge on daily, we might have a nice channel on the 4hr now, let's see if it holds:
nice, I closed too soon
  • #284,788
  • Jul 21, 2011 8:24am Jul 21, 2011 8:24am
Quoting Hoang Long
nice, I closed too soon
nevermind, you have banked very nice pips too

Bernanke testimony in half an hour.. if he mentions QE3 we could skyrocket even more.. i'm off for the rest of the day, GL to everyone! Careful with shorts (!!)
MarginTrader All Time Return: na
  • #284,789
  • Jul 21, 2011 8:25am Jul 21, 2011 8:25am
Quoting DubaiFX
eyes on 6250
if not broken it may fall again to its normal level 16160

i am selling at 6230
target 1.6160

stop above 6260
macd is not moving with the price maybe a bull trap
be carefull

sold eur again at 1.4285
target 1.4220
target 2 1.4160

Good Luck
Broken 6250, 6262 currently
  • #284,790
  • Jul 21, 2011 8:45am Jul 21, 2011 8:45am
USD weak because of rumors that S&P will downgrade US to AA asap...is that correct?
"sharing knowledge make us more rich"
  • #284,791
  • Jul 21, 2011 9:11am Jul 21, 2011 9:11am
ascending t/line keep broken today!
  • #284,792
  • Jul 21, 2011 9:29am Jul 21, 2011 9:29am
Quoting gsantri
.
http://banking.senate.gov/public/ind...ngs.LiveStream

.
Bernanke Testifies, Dodd-Frank Act.

Same link
  • #284,793
  • Jul 21, 2011 9:31am Jul 21, 2011 9:31am
Quoting gsantri
Bernanke Testifies, Dodd-Frank Act.

Same link
Bad at hearning English

Could anyone confirm what happen?
  • #284,794
  • Jul 21, 2011 9:36am Jul 21, 2011 9:36am
Quoting Hoang Long
Bad at hearning English

Could anyone confirm what happen?
erm.. just watch your chart it will happen there
  • #284,795
  • Jul 21, 2011 9:38am Jul 21, 2011 9:38am
Quoting gsantri
erm.. just watch your chart it will happen there
You're right, the market will react to it right away
  • #284,796
  • Jul 21, 2011 9:39am Jul 21, 2011 9:39am
16389 is my next resistance level. all bear region have been eaten up. Am watchful anyway
Keep the Lights on then you can catch the rise from the dark.
  • #284,797
  • Jul 21, 2011 10:22am Jul 21, 2011 10:22am
reloading Long for 6382. Already got enough pips to gamble on. New Channel Already formed
Attached Image (click to enlarge)
Click to Enlarge Name: brb.gif Size: 13 KB
Keep the Lights on then you can catch the rise from the dark.
  • #284,798
  • Jul 21, 2011 10:30am Jul 21, 2011 10:30am
-55 pips thanks to sell. Today trades without profit!

Enough loss for today, see u tomorrow, G/L
  • #284,799
  • Jul 21, 2011 10:34am Jul 21, 2011 10:34am
.
Attached Image (click to enlarge)
Click to Enlarge Name: m30.gif Size: 11 KB
not euphoria follower
  • #284,800
  • Jul 21, 2011 11:03am Jul 21, 2011 11:03am
why GU and EU rose like this today? was there any news or anything happened to GU EU......
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