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Cable Update (GBPUSD)

  • #82,341
  • Aug 14, 2008 8:40am Aug 14, 2008 8:40am
because i love you
my heart's an open door
girl wont u please come in
because i love you
  • #82,342
  • Aug 14, 2008 8:41am Aug 14, 2008 8:41am
Quoting boxingislife
because i love you
my heart's an open door
girl wont u please come in
because i love you
i told u a hundred times my cat isnt into fetish

and shes not gonna have mercy on u because of that cliche sentence i love u
ur going down homgirl
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #82,343
  • Aug 14, 2008 8:41am Aug 14, 2008 8:41am
Quoting Uphios
My money is on the cat, I think that canary is yellow.
lol man in fact he is yellow
but hes crazy
like i let him out the other day and he stood next to me and watched tv. then i fed him some lettuce
  • #82,344
  • Aug 14, 2008 8:45am Aug 14, 2008 8:45am
Quoting Uphios
My money is on the cat, I think that canary is yellow.
great man its a done deal
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #82,345
  • Aug 14, 2008 8:50am Aug 14, 2008 8:50am
Go 1,88
  • #82,346
  • Aug 14, 2008 8:52am Aug 14, 2008 8:52am
Quoting bbmac
Nice observation and more widely speaking, you've spotted a particular characteristic of this trend on that t/f. All trends exhibit characteristics and these characheristics have a high probability of repeating themselves in the same trend. Look for example at what happens on the 1hr chart when the upper band of a 20bol comes inside a 10bol (default 2 standard deviations)...like your 150sma touch/breech on 15min...a continuation of trend.

Look for the trend characteristcis of a particular trend, they will serve you well.
check out when i posted the chart... it retraced to the pip on the 150sma and is dropping again. already since the sma touch it dropped ~75 pips
Attached Image (click to enlarge)
Click to Enlarge Name: 150sma dropping.gif Size: 39 KB
  • #82,347
  • Aug 14, 2008 8:58am Aug 14, 2008 8:58am
Quoting scott087
check out when i posted the chart... it retraced to the pip on the 150sma and is dropping again. already since the sma touch it dropped ~75 pips
yeh see that, and with some regular divergence sub 1hr t/f's to go with that 1hr hidden/reverse divergence, it made it a high probability place to short the market. The screenshot below is the 5min chart by way of example.
Attached Image (click to enlarge)
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ex member
  • #82,348
  • Aug 14, 2008 9:11am Aug 14, 2008 9:11am
Quoting bbmac
yeh see that, and with some regular divergence sub 1hr t/f's to go with that 1hr hidden/reverse divergence, it made it a high probability place to short the market. The screenshot below is the 5min chart by way of example.
im short since 1.8740. looking decent so far. its hard to hang on to my position when it starts to go up a little on its way down. i can't stand turning my wins into losses.
  • #82,349
  • Aug 14, 2008 9:15am Aug 14, 2008 9:15am
Quoting Optimum
Go 1,88
--> http://www.candlestickchart.com/indicators/1116.html
Attached Image (click to enlarge)
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its just money
  • #82,350
  • Aug 14, 2008 9:16am Aug 14, 2008 9:16am
also looks like the 150sma touch was also the 38.2% fib retracement from the last big move down.

anyone have any comments?
Attached Image (click to enlarge)
Click to Enlarge Name: 150sma dropping w fibs.gif Size: 40 KB
  • #82,351
  • Aug 14, 2008 9:20am Aug 14, 2008 9:20am
Quoting scott087
check out when i posted the chart... it retraced to the pip on the 150sma and is dropping again. already since the sma touch it dropped ~75 pips

You are right and i went a couple a months back and check it with 160sma and like 70% it touches it and retraces ... I`m gonna demo it for a while, thanks man
Attached Image (click to enlarge)
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  • #82,352
  • Aug 14, 2008 9:23am Aug 14, 2008 9:23am
Quoting scott087
also looks like the 150sma touch was also the 38.2% fib retracement from the last big move down.

anyone have any comments?
For whatever it's worth is the buyers and sellers are in a humongous battle and it's a good time too sit back and watch.
  • #82,353
  • Aug 14, 2008 9:26am Aug 14, 2008 9:26am
this is how your canari and his cat ended up

Attached Image (click to enlarge)
Click to Enlarge Name: Cat and canary jpg.jpg Size: 49 KB
Attached Images
When life gives you lemons, make lemonade
  • #82,354
  • Aug 14, 2008 9:27am Aug 14, 2008 9:27am
Hi, GU freaks. Speaking of getting filled. I had one account that got 'margin called' last night while I was at work. Damn. Still have two other accounts funded enough to weather this bloody pip storm called the fickle GU.
According to current 15 min. t/f, strong upward trend in anticipation of final news coming out on USD on natural gas storage levels...negligible effect.

And FOMC Stern slated to speak. Probably nothing earth-shattering here. Here's hoping (for all the longies out there) that the 'seasonal' tendency for the pound to surge upward occurs commencing the tail end of this month and on thru September. 1.9600 - 1.9800 would be satisfying, naturally.
  • #82,355
  • Aug 14, 2008 9:45am Aug 14, 2008 9:45am
Hey Boys,

I opened another mini account with $220.00 USD with FXCM. This will be an account I will mess with. The Goal is to turn the $220.00USD to $3000 USD in 2 months.

Terrible RR.MM will be expected. This is a gamble but I think prices look good right now so it could work. I did this before turned $1K into 13K in 2 weeks back in March 08.

Will post my results on my calls and charts on personal blog. Send me a PM if you want the URL to check it out.

DO NOT FOLLOW MY SIGNALS ... THIS IS NO DIFFERENT THAN BEING AT A CASINO.

WISH ME LUCK.
  • #82,356
  • Edited 9:59am Aug 14, 2008 9:56am | Edited 9:59am
For what it's worth, the USD Natural Gas Supplies were under the forecast. So the GU is experiencing another pop. No more CAble News this week. No doubt a long waiting sideways channel approaching until Monday. Only remote news-changing potential will be tomorrow's USD Michigan Consumer Sentiment and possibly the TIC Long-TErm Net transactions. Who's gonna be buying up US dollars???
Gonna head out to Long Boat Key on the best (west) coast of Florida. Best Gulf water, best sandy beaches, best eateries, and hopefully a good dose of Old Sol all week long.
iPods inserted, drinking glasses inverted. Cheers!!'
Have a good weekend all GU trademeisters.
  • #82,357
  • Aug 14, 2008 10:05am Aug 14, 2008 10:05am
Quoting eohater
... love an entry around 1.865x though! I'll load the longs at that price with SL around 1.85.......
Just logged on and noticed that my order was filled long at 1.8650 and closed out at 1.8750. We'll see how price levels play out today. Currently looking for 1.8700 to hold during the US session for another entry long around 1.868x.

Good luck trading everyone!
Just digging in the trenches like everyone else!
  • #82,358
  • Aug 14, 2008 10:11am Aug 14, 2008 10:11am
the retracement is over. 18600 by end of US session.
  • #82,359
  • Aug 14, 2008 10:13am Aug 14, 2008 10:13am
Quoting Gubster
the retracement is over. 18600 by end of US session.

if it passes all the way to 8675... then we go to 86
  • #82,360
  • Aug 14, 2008 10:14am Aug 14, 2008 10:14am
Quoting Gubster
the retracement is over. 18600 by end of US session.
i don't know about 1.86 by then but its going down from here. it touched the 38.2% fib retracement and 150sma on 15 min chart and fell. just tested the 150sma again and fell hard.
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