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Cable Update (GBPUSD)

  • #320,121
  • Jul 31, 2012 3:12am Jul 31, 2012 3:12am
I am conscious of a near double top with Junes high
Come with me if you want to live....
  • #320,122
  • Jul 31, 2012 3:13am Jul 31, 2012 3:13am
Quote:
Originally Posted by ForexRatVN

Including the recent bearish, GU has been moving in the perfect range in the TF of H4, D1 & W1. From ranging view, GU is finding the support around 1.55 and about to fly back on high. We are better to get on board now or will miss the flight.

I am long GU @ 1.5515, SL @ 1.5395, TP1 1.5635 & TP2 1.5835

Keep fingers cross.

I expect the TP1 will come out within this week, then TP2 is some time in the first week of August.

Good pips to all here.

Quoting ForexRatVN
I am happy to see TP1 comes on time.

Now Set SL to BE and wait for TP2, hope it happens as well

Good pips to all here

FRV
Still holding my long with 1/2 size to wait for TP2 @ 15835 or SL @ BE @ 15515.

Long again @ 15689 now, SL 15660, TP 15860

Good pips to all here
  • #320,123
  • Jul 31, 2012 3:14am Jul 31, 2012 3:14am
Quoting mj_xr
Where is market GBPUSD will going?? Since the pairs playing into the channel..
Ahh, sorry mate, I see you have pointed it out already
Come with me if you want to live....
  • #320,124
  • Jul 31, 2012 3:46am Jul 31, 2012 3:46am
Mni talking of bids at 5670/60 with sell stops likely below there...current daily lo at a previous 1hr swing lo zone-some demandcthere. 1hr looking all v.mixed re opa right now.

Intraday bearish so far.

G/L
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ex member
  • #320,125
  • Jul 31, 2012 4:21am Jul 31, 2012 4:21am
Quoting Red Alert
We have the same entry with one of my shorts..........Yesterday already +40 Pips, but i didn't take it, and now nearly gone...but let's see what we will have today....Good luck
  • #320,126
  • Jul 31, 2012 5:52am Jul 31, 2012 5:52am
Quoting redbeben
I'll trail EU down

I'll open a buy @ 1.2215-20 SL 1.2180(if 2185 fails no need to hold on to it) and TP 1.2315 more than 2-1 RR so it';s a good trade.

I still hope we go lower but we trade what we see



today I'm lazy so just small pips.
  • #320,127
  • Jul 31, 2012 5:55am Jul 31, 2012 5:55am
I also have a pending buy on GU @ 1.5665-75 TP1 1.5705 ,TP2 1.5713 and TP3 1.5722

scalp as main short still in play.....boooring
  • #320,128
  • Jul 31, 2012 6:09am Jul 31, 2012 6:09am
Hi Redbeben, that's on 15 min?
and you buy because of middle eastnames orders?
Quoting redbeben
I also have a pending buy on GU @ 1.5665-75 TP1 1.5705 ,TP2 1.5713 and TP3 1.5722

scalp as main short still in play.....boooring
  • #320,129
  • Edited 6:37am Jul 31, 2012 6:36am | Edited 6:37am
Quoting ghblehjr
Hi Redbeben, that's on 15 min?
and you buy because of middle eastnames orders?
I've no idea what you're talking about

just keep a tight SL on this one.remember the big sell from 1.5750 is still in play.I locked my profit on it @ 1.5680 this time as I need to sleep a bit

M30,have a look at it now

p.s. 1.5680 a good place to unload some of the long
  • #320,130
  • Edited 7:06am Jul 31, 2012 6:38am | Edited 7:06am
Scalpers get ready ..

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  • #320,131
  • Jul 31, 2012 7:12am Jul 31, 2012 7:12am
Close all shorts at 1.5664, put long with smaller lot for scalping, TP1 1.5685 and will play shorts again from there or higher place...
  • #320,132
  • Jul 31, 2012 7:49am Jul 31, 2012 7:49am
Quoting redbeben
I've no idea what you're talking about

just keep a tight SL on this one.remember the big sell from 1.5750 is still in play.I locked my profit on it @ 1.5680 this time as I need to sleep a bit

M30,have a look at it now

p.s. 1.5680 a good place to unload some of the long
meaning I unloaded 1/2 of my position from 1.5665 there

rest to the mentioned TP's
I just hope I did not close compulsively
  • #320,133
  • Jul 31, 2012 8:14am Jul 31, 2012 8:14am
Quoting PoundTrader
well i just went short at 1.5724, s/l 1.5748, t/p 1.5600.
long will come just let it drop a little more
  • #320,134
  • Jul 31, 2012 8:17am Jul 31, 2012 8:17am
Quoting Makavelli7
ok i have a sell entry order at 1.5766. target is 1.5671. as far as 1.5665 remains intact. if 1.5665 gets breached before the upshoot then ill be buying at 1.5750 targeting 1.5850. So what does the market want to do?
Hi Ladies!!! 1.5665 has now been breached before the 1.5750 upshoot, ive canceled the 1.5766 entry order. I now have a final buy order now at 1.5750 target 1.5850. if 1.5850 is not breached by the end of NY session tomorrow, then ill be reviewing my take profit upwards to 1.5950.
The only way not to think about money is to have a great deal of it
  • #320,135
  • Jul 31, 2012 8:33am Jul 31, 2012 8:33am
Quoting Makavelli7
Hi Ladies!!! 1.5665 has now been breached before the 1.5750 upshoot, ive canceled the 1.5766 entry order. I now have a final buy order now at 1.5750 target 1.5850. if 1.5850 is not breached by the end of NY session tomorrow, then ill be reviewing my take profit upwards to 1.5950.
hi mate

what about in between ? are you trading channels ?
just curious
  • #320,136
  • Jul 31, 2012 8:36am Jul 31, 2012 8:36am
Watching 5612 and 5576 while sleeping
If we breach those, could fall hard.
Come with me if you want to live....
  • #320,137
  • Jul 31, 2012 8:41am Jul 31, 2012 8:41am
Quoting redbeben
1.5612 on GU and if that one fails we go lower to 1.5560 and last stop 1.5506-09
we'll see how we do I can wait 1 month for this ...but it should be some days only.
if it goes up ...well I took a lot on it since 1.5750 and 1.2364
still profit is protected.in the meanwhile I scalp
  • #320,138
  • Jul 31, 2012 8:45am Jul 31, 2012 8:45am
Quoting Ill-b-back
Watching 5612 and 5576 while sleeping
If we breach those, could fall hard.


have a look at the levels mentioned.1.5576 is in mid air.1.5660-59 would be the accurate one if 1.5612 fails.later one 1.5506-09 from where it might bounce 50 pips (1.5509 is past S and R)

but on the other side I have no idea where you took that level from.you might be right

have a nice rest
  • #320,139
  • Jul 31, 2012 8:45am Jul 31, 2012 8:45am
just 5 minutes ago i understood what my mentor always said me:

"price can be handled in faster timeframes, but the one who does this, knows that the overall picture must be safe"

someone (or something ) knows everything.
90% of traders use TA, indicators and prediction
  • #320,140
  • Jul 31, 2012 9:08am Jul 31, 2012 9:08am
Quoting PoundTrader
well i just went short at 1.5724, s/l 1.5748, t/p 1.5600.
im out 1.5627. now i wait till EOD data
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