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Cable Update (GBPUSD)

  • #326,641
  • Oct 11, 2012 6:51am Oct 11, 2012 6:51am
Hi everyone here is my trade on GBPUSD it looks like it will hit 6050 then reversal all the way down to 15785. Based on the weekly chart going short all the way down to 15785. Overall a good swing trade

Scorpion
  • #326,642
  • Oct 11, 2012 6:51am Oct 11, 2012 6:51am
just remember news in 40 minutes which could kick it further up or back down and possibly lower than where it started.
  • #326,643
  • Oct 11, 2012 6:52am Oct 11, 2012 6:52am
Quoting Snooze
Hi All,

Can i say that the move up now is consider a retrace up for the big move down later or the market is rallying it up?
I recommended buying the pair earier, but base on the trend configuration i have, you should not marry that long position. book/trail your profit shy of 1.6050-80 area. the trend will reverse at that area. Good luck.
forexpillariscipline & patience Trader
  • #326,644
  • Oct 11, 2012 6:52am Oct 11, 2012 6:52am
Quoting Snooze
Hi All,

Can i say that the move up now is consider a retrace up for the big move down later or the market is rallying it up?
there will be no big move, lol, i think your right but with a stall market like this the big move can be up or down, for me i hope down
  • #326,645
  • Oct 11, 2012 7:03am Oct 11, 2012 7:03am
Thanks paulyjah and Poundtrader! My preference is to short this pair too. Closed out my shorts earlier on from 1.61xx. Too much uncertainty right now. Guess i have much more to learn from you guys here. Have learn a lot here! Thanks!
  • #326,646
  • Oct 11, 2012 7:45am Oct 11, 2012 7:45am
ok. the NEWS are out, where are we heading now, north or south.
deep RoT is essential for everlasting happyness
  • #326,647
  • Oct 11, 2012 7:50am Oct 11, 2012 7:50am
GBP/JPY is the pair to look for a long trade. waiting for a retracement for entry.
  • #326,648
  • Oct 11, 2012 7:53am Oct 11, 2012 7:53am
this is seeing very clear for 4hrs this currency is going for 1.6100 certainly.is going to pullback to 6025 before gathering momentum to soar over to 1.6100 here is is what my chart is saying.

http://www.forexfactory.com/C:%5CUse...p%5Cchart0.gif

http://www.forexfactory.com/C:%5CUse...p%5Cchart1.gif


market coming out from home base, mostly 4hrs home base is certain for long. that is what i see. stand to be corrected and this is not a cinch sure things anywhere since we dealing with the forex market
Attached Image(s) (click to enlarge)
Click to Enlarge Name: chart1.gif Size: 19 KB
Click to Enlarge Name: chart0.gif Size: 21 KB
  • #326,649
  • Oct 11, 2012 8:31am Oct 11, 2012 8:31am
Quoting kings4ril
this is seeing very clear for 4hrs this currency is going for 1.6100 certainly.is going to pullback to 6025 before gathering momentum to soar over to 1.6100 here is is what my chart is saying.

http://www.forexfactory.com/C:%5CUse...p%5Cchart0.gif...
are you sure is that what your chart tells you or you just want to see that on your chart due to your 200 pips DD ?
  • #326,650
  • Oct 11, 2012 8:36am Oct 11, 2012 8:36am
I SEE YOU,I KNOW WHO YOU ARE AND WHAT YOU ARE

and because you caused me so much trouble I hate you.you'll never get me

I can only say...6022 line in the sand 6005 and 5987
  • #326,651
  • Oct 11, 2012 9:29am Oct 11, 2012 9:29am
Quoting redbeben
I SEE YOU,I KNOW WHO YOU ARE AND WHAT YOU ARE

and because you caused me so much trouble I hate you.you'll never get me

I can only say...6022 line in the sand 6005 and 5987
http://www.easyfreesmileys.com/smile...r-stealing.gif
  • #326,652
  • Oct 11, 2012 9:44am Oct 11, 2012 9:44am
Quoting kings4ril
this is seeing very clear for 4hrs this currency is going for 1.6100 certainly.is going to pullback to 6025 before gathering momentum to soar over to 1.6100 here is is what my chart is saying.

http://www.forexfactory.com/C:%5CUse...p%5Cchart0.gif...
I Agree this defiantly, it is an upward movement both on 1H 4H D it all long from here, we may see it try to reach 200MA on the Weekly. Im long at 60200
PATIENCE IS A VIRTUE OF KINGS
  • #326,653
  • Oct 11, 2012 10:17am Oct 11, 2012 10:17am
Quoting GermanGS
I Agree this defiantly, it is an upward movement both on 1H 4H D it all long from here, we may see it try to reach 200MA on the Weekly. Im long at 60200
With your record on GU which has a -21.3% return which includes 62 entries totalling -363 pips and your account is down 60.8% this year and 70.9% overall, why would anyone listen to you?

Others can view the stats here - http://www.forexfactory.com/germangs#32

Goodbye!
  • #326,654
  • Oct 11, 2012 10:20am Oct 11, 2012 10:20am
Quoting bbakker
With your record on GU which has a -21.3% return which includes 62 entries totalling -363 pips and your account is down 60.8% this year and 70.9% overall, why would anyone listen to you?
GBP/USD-21.3%http://www.forexfactory.com/images/m...on_private.png-36362

Others can view the stats here - http://www.forexfactory.com/germangs#32

Goodbye!
How you doing bbakker,

Which side of the fence are you currently on, if any?

I currently have no bias. I was waiting for a test of 1.6068 which never came, and so now I wait.

FP
  • #326,655
  • Oct 11, 2012 10:22am Oct 11, 2012 10:22am
Hey redbeben, I think I have figured out your million dollar red hand indicator!
  • #326,656
  • Oct 11, 2012 11:44am Oct 11, 2012 11:44am
Quoting wasabeclaw
Hey redbeben, I think I have figured out your million dollar red hand indicator!

oh noooooooooo...life will never be the same again


if you want it I can send it to you....gimme 1 mil and you have it
  • #326,657
  • Oct 11, 2012 12:10pm Oct 11, 2012 12:10pm
Quoting redbeben
oh noooooooooo...life will never be the same again


if you want it I can send it to you....gimme 1 mil and you have it

Too late Red, hes started a thread
  • #326,658
  • Oct 11, 2012 1:47pm Oct 11, 2012 1:47pm
Dont know about anyone else but im defo shorting at 6066 max!! Take profit at 1.5930. boomshakala!!!!!!!!!!
Trading comes quickly, patience and discipline does not!
  • #326,659
  • Oct 11, 2012 1:52pm Oct 11, 2012 1:52pm
Quoting PoundTrader
don't every say you can't contribute your welcome here, as far as seeing 1.6100 i hope not because im looking at short untill 1.5930 area, if not by friday mabe into next week

Same same,

1.595 T/P
Money never sleeps...
  • #326,660
  • Oct 11, 2012 2:13pm Oct 11, 2012 2:13pm
Quoting inpatient
Same same,

1.595 T/P
where've you been?
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