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Cable Update (GBPUSD)

  • #28,621
  • Sep 3, 2007 4:34pm Sep 3, 2007 4:34pm
Quoting pino2
The daily close for this boring day was 2.0179, I didn't like this figure
I use 00:00 GMT. So there's hope. I'll let you know

BTW, AUD pushed from 8200 up and it's pulling back a notch. Good risk reward for longs so we won't get outta here empty handed.

The pattern in the 4hr is bullish (don't know the name, wedge, flag, chicken wings, whatever).

Depending on the strength of the move, I could aim long term on this baby.

I'll cut (and shout 10 cursing words) on breach of 8200 downwards
  • #28,622
  • Sep 3, 2007 4:39pm Sep 3, 2007 4:39pm
Quoting cesarnc
I use 00:00 GMT. So there's hope. I'll let you know

BTW, AUD pushed from 8200 up and it's pulling back a notch. Good risk reward for longs so we won't get outta here empty handed.

The pattern in the 4hr is bullish (don't know the name, wedge, flag, chicken wings, whatever).

Depending on the strength of the move, I could aim long term on this baby.

I'll cut (and shout 10 cursing words) on breach of 8200 downwards
  • #28,623
  • Sep 3, 2007 4:41pm Sep 3, 2007 4:41pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting cesarnc
I use 00:00 GMT. So there's hope. I'll let you know

BTW, AUD pushed from 8200 up and it's pulling back a notch. Good risk reward for longs so we won't get outta here empty handed.

The pattern in the 4hr is bullish (don't know the name, wedge, flag, chicken wings, whatever).

Depending on the strength of the move, I could aim long term on this baby.

I'll cut (and shout 10 cursing words) on breach of 8200 downwards
i've got the Au sitting against a bearish TL, i am expect a drop to around .8050 before it fully resumes the uptrend. i'm out of this pair for a few more days unless the TL gets broken (over 8250), will pick it up at 8300

Attached Image (click to enlarge)
Click to Enlarge Name: au.gif Size: 25 KB


just my 2 pips worth, can't believe how quiet this thread is when the US is closed

happy trading
  • #28,624
  • Sep 3, 2007 4:46pm Sep 3, 2007 4:46pm
Quoting pino2
You find it funny, huh? I ROFL with those candles pattern names... Hanging man, shooting star, pinocchio bars, what about those DBHL shit? double bottom high low whatever...

I'm gonna create my own patterns. crappy candle (doji), double hooters (bearish signal), brazilian butt (bullish signal), rocco sifredi (big whipsaw) and stuff like that...

  • #28,625
  • Sep 3, 2007 4:50pm Sep 3, 2007 4:50pm
Quoting MPP
i've got the Au sitting against a bearish TL, i am expect a drop to around .8050 before it fully resumes the uptrend. i'm out of this pair for a few more days unless the TL gets broken (over 8250), will pick it up at 8300

Attachment

just my 2 pips worth, can't believe how quiet this thread is when the US is closed

happy trading
I see the triangle in the 4hr and breakout upwards since the carry trades were not smashed today...

That's the problem with choppy days. I see a set up and miss the other.

Anyway, if you're right, I'll reverse.
  • #28,626
  • Sep 3, 2007 4:52pm Sep 3, 2007 4:52pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting cesarnc
You find it funny, huh? I ROFL with those candles pattern names... Hanging man, shooting star, pinocchio bars, what about those DBHL shit? double bottom high low whatever...

I'm gonna create my own patterns. crappy candle (doji), double hooters (bearish signal), brazilian butt (bullish signal), rocco sifredi (big whipsaw) and stuff like that...

what about using names we can remember - Jordan (hanging man, big up top, skinny bottom)

George Bush (shooting star, big arse, nothing up top)
  • #28,627
  • Sep 3, 2007 4:52pm Sep 3, 2007 4:52pm
Trade what you see, not what you think.
  • #28,628
  • Sep 3, 2007 4:53pm Sep 3, 2007 4:53pm
By any mean I don't want the low for Tuesday to be lower than 2.0158, my SL is camping behind @ 2.0150 (BE) if prices went down below 2.0137 followed by the break of 2.0094, this will delay my idea for going long at least for tomorrow, a bounce off in these levels will give me a chance to place more long trades at good prices
2.0220 is a good sign for my long trade, a break of 2.0230 is a wonderful sign to place more long trades at better prices if possible
  • #28,629
  • Sep 3, 2007 4:55pm Sep 3, 2007 4:55pm
Quoting cesarnc
You find it funny, huh? I ROFL with those candles pattern names... Hanging man, shooting star, pinocchio bars, what about those DBHL shit? double bottom high low whatever...

I'm gonna create my own patterns. crappy candle (doji), double hooters (bearish signal), brazilian butt (bullish signal), rocco sifredi (big whipsaw) and stuff like that...

  • #28,630
  • Sep 3, 2007 4:58pm Sep 3, 2007 4:58pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting pino2
By any mean I don't want the low for Tuesday to be lower than 2.0158, my SL is camping behind @ 2.0150 (BE) if prices went down below 2.0137 followed by the break of 2.0094, this will delay my idea for going long at least for tomorrow, a bounce off in these levels will give me a chance to place more long trades at good prices
2.0220 is a good sign for my long trade, a break of 2.0230 is a wonderful sign to place more long trades at better prices if possible

i think your safe, on my chart we have broken the bearish TL and i have 2 50% fibs below, one at .150 and one at .142.

I am sure Karmostaji has more to add to this. don't hold me to this though, when ever i set an SL, the pair just catches it for fun i think
  • #28,631
  • Sep 3, 2007 5:04pm Sep 3, 2007 5:04pm
Ill be watching this trendline break closely, if it breaks it down, im bailing, btw blue line is where my long is.

EDIT: break would imply that hourly candle closes below it, im not gonna close my position otherwise
Attached Image (click to enlarge)
Click to Enlarge Name: trendline.PNG Size: 37 KB
  • #28,632
  • Sep 3, 2007 5:53pm Sep 3, 2007 5:53pm
Cable, don't tell me that you were fighting for the last week to go up and break the resistance in the 180 area and then you've reached the 230 area, and after that you still want to go down, cable could you please stop kidding, don't tell me that I'm waiting for you all this time to go up, and then when you got the chance to do it, you are still thinking to go down!!
  • #28,633
  • Sep 3, 2007 5:54pm Sep 3, 2007 5:54pm
Quoting cesarnc
You find it funny, huh? I ROFL with those candles pattern names... Hanging man, shooting star, pinocchio bars, what about those DBHL shit? double bottom high low whatever...

I'm gonna create my own patterns. crappy candle (doji), double hooters (bearish signal), brazilian butt (bullish signal), rocco sifredi (big whipsaw) and stuff like that...




Now that brings some laughter to a very boring day..........
  • #28,634
  • Sep 3, 2007 5:55pm Sep 3, 2007 5:55pm
Quoting cesarnc
I use 00:00 GMT.
GMT is in the Atlantic at this time of the year, i guess nobody is paying attention to GMT, but to BST instead.


Quoting cesarnc
I'll cut (and shout 10 cursing words) on breach of 8200 downwards
Clean up your throat, prepare you voice, warm up your fingers.

That mark is getting closer.:
  • #28,635
  • Sep 3, 2007 6:02pm Sep 3, 2007 6:02pm
and im out with jsut +14 , will wait for another signal to enter
  • #28,636
  • Sep 3, 2007 6:07pm Sep 3, 2007 6:07pm
Quoting Warper
Clean up your throat, prepare you voice, warm up your fingers.

That mark is getting closer.:
yeah yeah.. when it is a bad day, it is a bad day. period : Even if it is already TOMORROW in freaking Australia ...
  • #28,637
  • Sep 3, 2007 6:21pm Sep 3, 2007 6:21pm
DailyFx is saying that a bad ISM tomorrow will be good for Dow, like a mega rally "good"...

Ok.. it might be good for rate cut sentiment but common , lets not exaggerate...

Last month bad NFP didn't show that kind of bullish dow.

Unfortunnally this will be again a case of waiting a few hours to see what the others think about the new.


...


Damn US hedge funds, why did you had to overleverage multi billion dolar investments? This boring trading days are all your fault.

You suck.
  • #28,638
  • Sep 3, 2007 6:29pm Sep 3, 2007 6:29pm
Quoting Warper
DailyFx is saying that a bad ISM tomorrow will be good for Dow, like a mega rally "good"...

Ok.. it might be good for rate cut sentiment but common , lets not exaggerate...

Last month bad NFP didn't show that kind of bullish dow.

Unfortunnally this will be again a case of waiting a few hours to see what the others think about the new.


...


Damn US hedge funds, why did you had to overleverage multi billion dolar investments? This boring trading days are all your fault.

You suck.

I think tomorrow will be all about the headlines. If none of those dreaded funds reports screwups, we may see some normal action in the stock market. No need for 150+ start and bumpy rides no more. Start +20, go grinding, close +50, we're all alright.

Some M&A or nice earnings report also welcome.

Let's see how long Bush-Bernanke- factor will last...
  • #28,639
  • Sep 3, 2007 6:47pm Sep 3, 2007 6:47pm
Cable,
Dying to go down???!!!!
Dying to kill my SL???!!!!
Ok go and get it, you coward!!!!
  • #28,640
  • Sep 3, 2007 7:06pm Sep 3, 2007 7:06pm
Quoting pino2
Cable,
Dying to go down???!!!!
Dying to kill my SL???!!!!
Ok go and get it, you coward!!!!
Gonna be a zig-zag week...huh Pino?????
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