GU still hasn't topped the recent high, but price jumped up nasty. Anybody currently watching GU?
Cable Update (GBPUSD)
- #284,963
- Jul 25, 2011 10:07pm Jul 25, 2011 10:07pm
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
not euphoria follower
I would be VERY careful shorting, and if you do, take profits quick.
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na
- #284,967
- Jul 25, 2011 10:37pm Jul 25, 2011 10:37pm
yes, price too low yet and very risky to short imo. I will wait till 6365+ with any short, even if now we get a pullback to 6308/14. Will consider to buy there. No action at this level/time of day if not scalping few pips.. Not for me, good luck to all
I was about to open short position,
based on your comments , i re-checked and find out , wait is better.
Thank you. Will be waiting your next post.
- #284,969
- Jul 25, 2011 11:03pm Jul 25, 2011 11:03pm
yes, price too low yet and very risky to short imo. i will wait till 6365+ with any short, even if now we get a pullback to 6308/14. will consider to buy if we get there, not higher. no action at this level/time of day if not scalping few pips.. not for me, good luck to all
- #284,972
- Edited Jul 26, 2011 12:07am Jul 25, 2011 11:29pm | Edited Jul 26, 2011 12:07am
ok i'm glad the charts may tell something but please don't take my trade calls or advices for real trading, i'm posting to LEARN not to teach, listen to more experienced traders!! There are some really great ones posting analyses here, compare everything for your own judgement. Also take a look at http://www.forexfactory.com/showthread.php?t=302511 there are great traders sharing their wisdom in realtime.
OK?
Took a short scalp anyways @6337 as we didn't close above recent high yet, 10 pips SL and half position size, target 20p but will move my stop to BE very soon and/or close this trade for a few pips, watching M1/M5.
EDIT: Stopped out -10p.. - well deserved
..as usual.
Want to lose money? Simple; just don't stick to your plan !
Missed a wonderful entry before, see the arrow and break of both TLs with momentum and volume below.
OK?
Took a short scalp anyways @6337 as we didn't close above recent high yet, 10 pips SL and half position size, target 20p but will move my stop to BE very soon and/or close this trade for a few pips, watching M1/M5.
EDIT: Stopped out -10p.. - well deserved
..as usual.Want to lose money? Simple; just don't stick to your plan !
Missed a wonderful entry before, see the arrow and break of both TLs with momentum and volume below.
MarginTrader All Time Return:
na
Waiting too see the first impressions of late Tokyo session & London opening... the price at the time is near both second daily & first weekly fibo resistance lines... I'll consider going short for monthly mid-fibo pivot line (white) at 1.6264 if price wont show a bullish commitment in the next hour... if it will break the upper resistance & trend line then my targets would be 1.6375 & 1.6420 respectively....
http://www.forexfactory.com/attachme...1&d=1311656221
if it will break the upper resistance & trend line then my targets would be 1.6375 & 1.6420 respectively....http://www.forexfactory.com/attachme...1&d=1311656221
- #284,974
- Edited 12:50am Jul 26, 2011 12:34am | Edited 12:50am
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #284,975
- Jul 26, 2011 12:34am Jul 26, 2011 12:34am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
2 be or not 2 be ....in weekly TF
90% of traders use TA, indicators and prediction
2 be or not 2 be ....in weekly TF
be !i will wait till 6365+ with any short...
the reaction level was almost to the pip.
won't hesitate to reenter short a bit higher again, see the chart i posted yesterday and same chart below now - yes, this supply is strong. eurusd almost hugging its SZ too (i've got it at 1.4514); will we stall, dive or are the bulls really so strong to eat all this bear food at once?
the rejection was very remarkable and characteristic on M1 or shorter TF, like usually on 'first touch'. an almost 'free' 30-pipper. Next probes will go perhaps deeper. The zone is 80 pips thick. If we get finally rejected here, we may fall down like a rock. The process may take hours to days. Time will tell.
MarginTrader All Time Return:
na
- #284,978
- Jul 26, 2011 2:04am Jul 26, 2011 2:04am
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
not
did it, already closed 70% of pos +30p, made up for the stupid loss before, and some.
the reaction level was almost to the pip.
won't hesitate to reenter short a bit higher again, see the chart i posted yesterday and same chart below now - yes, this supply is strong. eurusd almost hugging its SZ too (i've got it at 1.4514); will we stall, dive or are the bulls really so strong to eat all this bear food at once?
the rejection was very remarkable and characteristic on M1 or shorter TF, like usually on 'first touch'....
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
Good analysis & knowledge of pa, carry out good works .
fontu
yes, the abbreviations: SD = supply & demand, SZ = supply zone (resistance), DZ = demand zone (support).. basically Sam Seiden's approach of trading.
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