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Cable Update (GBPUSD)

  • #287,281
  • Aug 25, 2011 10:29am Aug 25, 2011 10:29am
Quoting nAVIN2007
anyway position was 50% correct.
big mistake on such a tight SL into so strong bear pressure.

initial order was 1slot.
then i dropped to 0.10 on the hope to add later.

but i didnt think at all to setup a larger stop below that 6255....

at least lost 18€ instead of 180.....
90% of traders use TA, indicators and prediction
  • #287,282
  • Aug 25, 2011 10:32am Aug 25, 2011 10:32am
well
my day finished...
i promised not to trade but outside here is very hot!
still +38° n 400% wet

see you later/tomorrow

good luck guys
90% of traders use TA, indicators and prediction
  • #287,283
  • Aug 25, 2011 10:34am Aug 25, 2011 10:34am
Quoting _BBKing_
anyway position was 50% correct.
big mistake on such a tight SL into so strong bear pressure.

initial order was 1slot.
then i dropped to 0.10 on the hope to add later.

but i didnt think at all to setup a larger stop below that 6255....

at least lost 18€ instead of 180.....
yes was tight bro..extra 10 pips would have made it good trade
  • #287,284
  • Aug 25, 2011 11:02am Aug 25, 2011 11:02am
Quoting nAVIN2007
good for u..next give us the heads up..we need yur analysis
Haha, I'll try man. It just all happened so fast (about 40 minutes) that I didn't really think to post about it here.
  • #287,285
  • Aug 25, 2011 11:09am Aug 25, 2011 11:09am
Quoting TheloniusPip
Haha, I'll try man. It just all happened so fast (about 40 minutes) that I didn't really think to post about it here.

im flat now..best to be safe..
  • #287,286
  • Aug 25, 2011 11:10am Aug 25, 2011 11:10am
Cable is going up
what's your opinions??
  • #287,287
  • Aug 25, 2011 11:24am Aug 25, 2011 11:24am
Quoting IbrahimTamim
Cable is going up
what's your opinions??
Are you on 15M?
  • #287,288
  • Aug 25, 2011 11:29am Aug 25, 2011 11:29am
Quoting TheloniusPip
Are you on 15M?
it hit a daily trend line and 38.2 fibo
i think it will be pullish for the next twelve hours.
  • #287,289
  • Aug 25, 2011 11:36am Aug 25, 2011 11:36am
Quoting IbrahimTamim
Cable is going up
what's your opinions??
Hello, as Navin said above, unless you scalping 'flat is best for now.

Either she'll break or bounce tomorrow will be important.
better wait for Ben @ The Jackson Hole.
G/L
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  • #287,290
  • Aug 25, 2011 11:39am Aug 25, 2011 11:39am
2nd level tp areas hit & done & waiting correction around before next session for 6192 to bottom area 6127 .so only waiting now for next entry at some up .

fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #287,291
  • Aug 25, 2011 11:45am Aug 25, 2011 11:45am
Quoting egkid
G/U have been naughty for while and most of time rejection to fall but
I will sell here@1.6585
Quoting egkid
No , But 1.63 need to b touch as i plan when enter this trade
we will c
6280 EXACTLY
  • #287,292
  • Aug 25, 2011 12:26pm Aug 25, 2011 12:26pm
So, as predicted, prices went to ~~1.6300 and were stoped by neck line and short term up trend line now waiting for tomorow to confirm and going long on bounce, or short on breaking the line.

In my opinion we will bounce, investors will be disappointed about bermanke speach, as they are dissapointed about everything now And this mean dolar weakness. Or to say it other way, almost every decision will show dolar weakness.
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  • #287,293
  • Aug 25, 2011 5:04pm Aug 25, 2011 5:04pm
Looks like it's gonna go up soon on the 15M...
  • #287,294
  • Aug 25, 2011 8:34pm Aug 25, 2011 8:34pm
Quoting PipPipPip
Buy here: 1.6374
SL: 1.6324
TP: 1.6600
sl hit. im done with this pair this week. back to ej and gjs
  • #287,295
  • Aug 25, 2011 8:50pm Aug 25, 2011 8:50pm
Quoting TheloniusPip
Looks like it's gonna go up soon on the 15M...
hello
could you argue with a chart?

here is mine.
what i see is a completely flat pattern, bit in favour of being a bear flag.

surely is a flag formation.
once broken up or down will give next direction.
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90% of traders use TA, indicators and prediction
  • #287,296
  • Aug 25, 2011 8:55pm Aug 25, 2011 8:55pm
i still see a bullish divergence between usdx n momentum in daily chart.
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90% of traders use TA, indicators and prediction
  • #287,297
  • Aug 25, 2011 9:13pm Aug 25, 2011 9:13pm
Quoting _BBKing_
i still see a bullish divergence between usdx n momentum in daily chart.
ok possible also a breake down below to lowest area 71
90% of traders use TA, indicators and prediction
  • #287,298
  • Aug 25, 2011 9:17pm Aug 25, 2011 9:17pm
today big moves n big money were in GU n GOLD.
EU still flat.

gold crashed against its ema 200.
a lot of money went re-invested there to move 1710-1770.
came from 1900.

where will those lots be invested tomorrow or better.... next week?
90% of traders use TA, indicators and prediction
  • #287,299
  • Aug 25, 2011 9:23pm Aug 25, 2011 9:23pm
GBPUSD Analysis for week 29/8-2/9

Right on target! As expected, price will fall to 6280-6320 support.

If the short term trend line (sky blue) continues to hold and if price breaks 6320-6370, we can expect price to bounce up to 6720-6820 area within this 1-2 weeks. However, since market made a big move the past 2 days (and also since its friday), the bull run may not start until monday. But who knows, this is forex, anything can happen.

Watch out for previous major turning point @ 6570-6620 for a possible major retracement.

On the other hand, if price breaks 6270-6220. We can expect the down trend to continue. Possibly hitting 5900.

I am aware that anything can happen. However, my expectation is 90% biased towards bullish trend.

Good luck all.

Disclaimer: Everything I say here is bull (figuratively and literally ). Trade at your own risk.

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  • #287,300
  • Aug 25, 2011 9:29pm Aug 25, 2011 9:29pm
Quoting _BBKing_
today big moves n big money were in GU n GOLD.
EU still flat.

gold crashed against its ema 200.
a lot of money went re-invested there to move 1710-1770.
came from 1900.

where will those lots be invested tomorrow or better.... next week?
Yup, gold crashed like crazy!

Are you trading gold too? I think its a good price to buy gold. What do you think?
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