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Cable Update (GBPUSD)

  • #292,121
  • Nov 9, 2011 1:54am Nov 9, 2011 1:54am
Hi My view for today is that we may go to 6035-40 level, then, at a push 6005-10 before we see another rise to test at least yesterday's high.

It's a slow week with plenty of scalping opportunities so far.

I don't usually scalp, but when it is like this I usually trade 1/4 my usual size lots, just in case you get an unexpected announcement that moves the price 100 pips.

Had plenty 10-20 pip trades over the past two days, with virtually 100% winners, let's see if we can continue the profitable work.
  • #292,122
  • Nov 9, 2011 2:01am Nov 9, 2011 2:01am
im holding.
90% of traders use TA, indicators and prediction
  • #292,123
  • Nov 9, 2011 2:06am Nov 9, 2011 2:06am
Quoting _BBKing_
im holding.

long or short?

im still hold my longs
  • #292,124
  • Nov 9, 2011 2:08am Nov 9, 2011 2:08am
Quoting _BBKing_
im holding.
90% of traders use TA, indicators and prediction
  • #292,125
  • Nov 9, 2011 2:09am Nov 9, 2011 2:09am
Quoting clientfx
long or short?

im still hold my longs
im long
90% of traders use TA, indicators and prediction
  • #292,126
  • Nov 9, 2011 2:15am Nov 9, 2011 2:15am
Quoting _BBKing_
im long
  • #292,127
  • Nov 9, 2011 2:15am Nov 9, 2011 2:15am
for me its time to sell
GBPUSD sold 1.6100
GBPAUD 1.5595

will tell you guys when i will close the positions
Don't compare your Trades with Others
  • #292,128
  • Nov 9, 2011 2:15am Nov 9, 2011 2:15am
Quoting _BBKing_
im long

nice bounce from 6065..all my longs tp's hit..

nice analysis guys
  • #292,129
  • Nov 9, 2011 2:17am Nov 9, 2011 2:17am
Quoting clientfx
long or short?

im still hold my longs
but be careful my position is still soft and if i get stopped out i loose 15% of yesterday's profits. so im not scared at all for the moment
im sad for my cutting near 6075...

my target still above 6200.
lets see.
90% of traders use TA, indicators and prediction
  • #292,130
  • Nov 9, 2011 2:19am Nov 9, 2011 2:19am
Quoting DubaiFX
for me its time to sell
GBPUSD sold 1.6100
GBPAUD 1.5595

will tell you guys when i will close the positions
oh well, now that i know you on short side im bit more scared.
lolz

dont you think will print higher today?
look daily candle bro!

imo shorts are for tomorrow!
90% of traders use TA, indicators and prediction
  • #292,131
  • Nov 9, 2011 2:29am Nov 9, 2011 2:29am
im flat, im done for today
  • #292,132
  • Nov 9, 2011 2:33am Nov 9, 2011 2:33am
Quoting PoundTrader
im flat, im done for today
good for you!
90% of traders use TA, indicators and prediction
  • #292,133
  • Nov 9, 2011 2:34am Nov 9, 2011 2:34am
sold 6102...
Persian Gulf forever
  • #292,134
  • Nov 9, 2011 2:37am Nov 9, 2011 2:37am
Quoting Chillypiper
I figuer I post my veiw also (seam like a good bunch here).And realy haven't traded GU as of lately...

Basing on usdx hold as support it may be a nice ride with 1..6132 support and max fib extention helped by 200 sma..Good luck Mr Fake out and bears!

edit... Hey my 1000 post!!
Nice charts Mr Chillypiper and good entries by the looks of it.

Congratulations on 1,000 posts...
Gone to a better place
  • #292,135
  • Nov 9, 2011 2:42am Nov 9, 2011 2:42am
Morning traders,

I'm ready for good trading day.

Have fun,

Josef
  • #292,136
  • Nov 9, 2011 3:01am Nov 9, 2011 3:01am
ok i close my long for overall a small loss
i let market move for news before another position!
90% of traders use TA, indicators and prediction
  • #292,137
  • Nov 9, 2011 3:17am Nov 9, 2011 3:17am
Buy at 1.6050. We have uptrend on 4 hour chart and I'm counting on it.

Stop loss at 1.6020

Regards,

Josef
  • #292,138
  • Nov 9, 2011 3:19am Nov 9, 2011 3:19am
Quoting DubaiFX
for me its time to sell
GBPUSD sold 1.6100
GBPAUD 1.5595

will tell you guys when i will close the positions
sold too ?

if your GBPUSD trade was based on daily macd and double top there, I think you should buy GBPAUD. daily macd pointing up and inverse HS forming.

Just my 2 cents.
  • #292,139
  • Nov 9, 2011 3:19am Nov 9, 2011 3:19am
Quoting DubaiFX
for me its time to sell
GBPUSD sold 1.6100
GBPAUD 1.5595

will tell you guys when i will close the positions
i did my best to tell you guys
be carefull again here it amy test 59XX easily
Don't compare your Trades with Others
  • #292,140
  • Nov 9, 2011 3:25am Nov 9, 2011 3:25am
Quoting FXConveyor
Hi My view for today is that we may go to 6035-40 level, then, at a push 6005-10 before we see another rise to test at least yesterday's high.

It's a slow week with plenty of scalping opportunities so far.

I don't usually scalp, but when it is like this I usually trade 1/4 my usual size lots, just in case you get an unexpected announcement that moves the price 100 pips.

Had plenty 10-20 pip trades over the past two days, with virtually 100% winners, let's see if we can continue the profitable work.
Entered at 39 long
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