well it is certainly on an uptrend as long 6422 remain as support. But I wouldn't long just yet. I'll wait further correction.
Attached Image (click to enlarge)
Cable Update (GBPUSD)
- #287,002
- Aug 21, 2011 5:58pm Aug 21, 2011 5:58pm
- | Membership Revoked | Joined Aug 2007 | 1,069 Posts
I took a short position, at 1.6465.
my sl at 1.6550
tp at 1.6350
any1 care to comment....
http://www.forexfactory.com/attachme...2&d=1313962154
just one thingi want to mention look at USDJPY
and JPY crosses if BOJ interveines then it will limit the GBPUSD fall and may support up side movement..
Be Carefull
.
Don't compare your Trades with Others
- #287,003
- Aug 21, 2011 6:17pm Aug 21, 2011 6:17pm
I took a short position, at 1.6465.
my sl at 1.6550
tp at 1.6350
any1 care to comment....
http://www.forexfactory.com/attachme...2&d=1313962154
Took a short position myself @ 1.6476. I don't expect the GBPUSD to pick upside momentum so early. Will look to exit my trade in the morning before London open or even earlier than that. Good luck to everyone.
- #287,005
- Aug 21, 2011 11:17pm Aug 21, 2011 11:17pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
There is another indicator that is better (in my opinion) than bollinger band. Try the 'envelop' indicator with 60 period, Exponential MA and 1.6% deviation. It is less 'noisier' than BB. Let me know how it works out for you.
hey buddy..i use the same one
90% of traders use TA, indicators and prediction
- #287,006
- Aug 21, 2011 11:37pm Aug 21, 2011 11:37pm
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
not euphoria follower
- #287,007
- Edited 12:45am Aug 22, 2011 12:42am | Edited 12:45am
I took a short position, at 1.6465.
my sl at 1.6550
tp at 1.6350
any1 care to comment....
http://www.forexfactory.com/attachme...2&d=1313962154
we could see a correction to 1.63682
- #287,008
- Aug 22, 2011 2:13am Aug 22, 2011 2:13am
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
not euphoria follower
- #287,009
- Aug 22, 2011 4:11am Aug 22, 2011 4:11am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
90% of traders use TA, indicators and prediction
- #287,010
- Aug 22, 2011 4:13am Aug 22, 2011 4:13am
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
not euphoria follower
- #287,011
- Aug 22, 2011 4:19am Aug 22, 2011 4:19am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
90% of traders use TA, indicators and prediction
- #287,012
- Aug 22, 2011 4:20am Aug 22, 2011 4:20am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
.
90% of traders use TA, indicators and prediction
- #287,014
- Aug 22, 2011 4:41am Aug 22, 2011 4:41am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
It's been 13 hrs since Asian open and cable only move in 30 pips range..looks like it waiting something (maybe Qaddafi ..
Good Luck !!
if will move, will do fast n furious taking out a lot of people and tomorrow will get again levels.
i won't trade it whole day unless i see something good. im only studyin price moves. anyway whole fx market looks quiet....
90% of traders use TA, indicators and prediction
- #287,016
- Aug 22, 2011 4:57am Aug 22, 2011 4:57am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
90% of traders use TA, indicators and prediction
- #287,018
- Aug 22, 2011 5:11am Aug 22, 2011 5:11am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
if we ever get there
possible reaction if goes
90% of traders use TA, indicators and prediction
- #287,019
- Aug 22, 2011 5:16am Aug 22, 2011 5:16am
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
not euphoria follower
- #287,020
- Aug 22, 2011 5:24am Aug 22, 2011 5:24am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
.
gmt time?!
90% of traders use TA, indicators and prediction