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Cable Update (GBPUSD)

  • #287,181
  • Aug 24, 2011 7:51am Aug 24, 2011 7:51am
was walking around my pc n noticed that....

couldn't resist to post it here!

hope will help
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  • #287,182
  • Aug 24, 2011 7:56am Aug 24, 2011 7:56am
Yeah, overall i think that we will be going down in short term, both on cable and eu. As in my analysis, done few days ago (target between 1.6300 and 1.62000)

In my opinion people are now scared of what the bermanke will say on friday, and try to avoind taking big positions. Just look at the volumen, how it is low. It looks like stagnation on USD/JPY, and other pairs all are waiting for something to happen.
  • #287,183
  • Aug 24, 2011 8:37am Aug 24, 2011 8:37am
tp1 already around 6414 & waiting next one 6363 , retaken short .while eu staggering still .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #287,184
  • Aug 24, 2011 8:58am Aug 24, 2011 8:58am
Crude Oil Inventories after half an hour may start moving or so , the more negative the better & more positive actually .

so better move here & there by this time .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #287,185
  • Aug 24, 2011 9:54am Aug 24, 2011 9:54am
Ok i think we got a break down, time for short
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  • #287,186
  • Edited 10:10am Aug 24, 2011 9:57am | Edited 10:10am
congrats to all the bears that held out.

locked in 170 pips from 1.6400, 40 pip trailing now.

This is why I don't use hard stop losses on negative trades. It's all about the bigger trend, not the scalpers pushing you out of the market.
  • #287,187
  • Aug 24, 2011 10:13am Aug 24, 2011 10:13am
Quoting bluebulluk
congrats to all the bears that held out.

locked in 170 pips from 1.6400, 40 pip trailing now.

This is why I don't use hard stop losses on negative trades. It's all about the bigger trend, not the scalpers pushing you out of the market.
Awesome gain, congrats! I left because of the USD news at 8:30 and 9:30 AM EST.
  • #287,188
  • Aug 24, 2011 10:15am Aug 24, 2011 10:15am
6363/70 approaching , next breakout if then 6329 & 6277. tp 2 here to see again.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #287,189
  • Aug 24, 2011 10:16am Aug 24, 2011 10:16am
I'm tempted to join now... that'd wouldn't be really safe would it?
  • #287,190
  • Aug 24, 2011 10:17am Aug 24, 2011 10:17am
Quoting nAVIN2007
On breakeven now..
marvelous nAV, great trade!
Don't be a hero. Don't have an ego. Always question yourself
  • #287,191
  • Aug 24, 2011 10:25am Aug 24, 2011 10:25am
Way to go bears! I got my revenge

Account +14%. See you all tommorow
  • #287,192
  • Aug 24, 2011 10:32am Aug 24, 2011 10:32am
will we break 1.6370? need your ideas .

http://www.forexfactory.com/showthre...56#post4898456
A chart helps those who can read it.
  • #287,193
  • Aug 24, 2011 10:40am Aug 24, 2011 10:40am
Quoting geniusztc
will we break 1.6370? need your ideas .

http://www.forexfactory.com/showthre...56#post4898456
break apply here break & hold then 6328 ,6290,77 next levels stop .qqe in h4 & h1 strikingly crossed 50 , daily pointing down .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #287,194
  • Aug 24, 2011 10:46am Aug 24, 2011 10:46am
Quoting geniusztc
will we break 1.6370? need your ideas .

http://www.forexfactory.com/showthre...56#post4898456

1,6370 is not the support level, The real support level is 1,6328.

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  • #287,195
  • Aug 24, 2011 11:00am Aug 24, 2011 11:00am
Buy here: 1.6374
SL: 1.6324
TP: 1.6600
  • #287,196
  • Aug 24, 2011 11:05am Aug 24, 2011 11:05am
Quoting errich fx
1,6370 is not the support level, The real support level is 1,6328.

Attachment
it will be better. lol
A chart helps those who can read it.
  • #287,197
  • Aug 24, 2011 11:20am Aug 24, 2011 11:20am
Quoting USD-Bear
marvelous nAV, great trade!

thanks buddy..ive locked in the profit with a hedge..a retrace to the breakout area may occur if it happens great..if not well i locked the profit in

sometimes we get lucky
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  • #287,198
  • Aug 24, 2011 11:24am Aug 24, 2011 11:24am
Quoting nAVIN2007
thanks buddy..ive locked in the profit with a hedge..a retrace to the breakout area may occur if it happens great..if not well i locked the profit in

sometimes we get lucky
we shorted it @ the same position
A chart helps those who can read it.
  • #287,199
  • Aug 24, 2011 11:26am Aug 24, 2011 11:26am
Quoting geniusztc
we shorted it @ the same position

good for u..next time let the others know


quote=geniusztc;4898471]will we break 1.6370? need your ideas .

some kind of consolidation likely to happen..to keep price around this area..it wont go to the breakout area today unless its a reversal..1.64 needs to be tested..we have to becareful..USD can also be setting a trap


monthly close on USD is looking bullish..


Quoting sunattack
i hope my break even come soon.
i have short position at .6380
hope u feeling better now?
  • #287,200
  • Aug 24, 2011 12:27pm Aug 24, 2011 12:27pm
edit:- dropped the long, best not to get to cute
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