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Cable Update (GBPUSD)

  • #126,241
  • Mar 12, 2009 12:54pm Mar 12, 2009 12:54pm
Quoting derek
guys, buy up to 1.3980, further need to sell
best candle yesterday was 1.3912 where it is approaching now...

jittery stuff at that point
  • #126,242
  • Mar 12, 2009 1:03pm Mar 12, 2009 1:03pm
Think maybe he meant 3890??? LOL
Ghost Rider - WWTBMD?
  • #126,243
  • Mar 12, 2009 1:03pm Mar 12, 2009 1:03pm
Quoting allserene
best candle yesterday was 1.3912 where it is approaching now...

jittery stuff at that point
End of the bullflag on the 5m is 1.3908....going to add a couple and look for the short....
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #126,244
  • Mar 12, 2009 1:06pm Mar 12, 2009 1:06pm
Quoting albchr
Think maybe he meant 3890??? LOL
go on then close of candle-- anyway we are in that region, so whether it's of any significance we will soon see. I see hardly any red candles, even on the 1 min chart so there is a lot of steam behind this at the mo

DOW up 152 and holding so Cable is playing catchup ...so DOW IS a LEADING indicator. I like LEADING indicators...

simple contemporaneous correlators (swallowed a dictionary today) are not much use, but I love it when cable lags something reliably
  • #126,245
  • Mar 12, 2009 1:09pm Mar 12, 2009 1:09pm
Well I'm short at 3898 so I guess I hope the DOW falls now....Sorry stock investers...LOL

But thanks for the tip on the cable and DOW, seems to have been true here.
Ghost Rider - WWTBMD?
  • #126,246
  • Mar 12, 2009 1:10pm Mar 12, 2009 1:10pm
Let's get on short ...
  • #126,247
  • Mar 12, 2009 1:21pm Mar 12, 2009 1:21pm
Quoting allserene
go on then close of candle-- anyway we are in that region, so whether it's of any significance we will soon see. I see hardly any red candles, even on the 1 min chart so there is a lot of steam behind this at the mo

DOW up 152 and holding so Cable is playing catchup ...so DOW IS a LEADING indicator. I like LEADING indicators...

simple contemporaneous correlators (swallowed a dictionary today) are not much use, but I love it when cable lags something reliably
LOL, I must say that I'm a big fan of your commentary.

I closed out my long for a 50 pip gain. Whether it'll turn into a short bus is yet to be seen, as if it breaks 1.3900 I see it hitting 1.3960 before potentially petering out around 1.400 towards the top of the 4H Bearish channel.
  • #126,248
  • Mar 12, 2009 1:25pm Mar 12, 2009 1:25pm
Worth watch - fibs gartley...
http://www.forextv.com/Forex/Video/V...1314,1418,1423
  • #126,249
  • Mar 12, 2009 1:30pm Mar 12, 2009 1:30pm
DOW romping again - now up 180.56 points !

come on cable and swallow some cialis

If you dont come down for four hours I will show you a photo of margaret thatcher
  • #126,250
  • Mar 12, 2009 1:43pm Mar 12, 2009 1:43pm
Quoting allserene
DOW romping again - now up 180.56 points !

come on cable and swallow some cialis

If you dont come down for four hours I will show you a photo of margaret thatcher
Muhhahahahha!
  • #126,251
  • Mar 12, 2009 1:50pm Mar 12, 2009 1:50pm
Bull Flag formation almost complete...Toppy day, looks like we got us a short....

Taking a small bite now, adding to on the way down.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #126,252
  • Mar 12, 2009 1:56pm Mar 12, 2009 1:56pm
Quoting Tmac
U.S. retail sales got a bump here this morning. So that is another sector, RTH that has not broken to new lows along with the DJIA and SPY. The QQQQ has not broken to new lows. The RTH has not broken to new lows. The OIH has not broken to new lows. The EEM(emerging markets) and FXI(China Fund), EWZ(Brazil) has not taken out November 21 lows. Most JPY crosses have not taken out Nov lows. The AUDUSD has not taken out Nov lows. These are all important divergances and point to higher commodity prices
which point to a nice GU rally in the works
dollar...
why so many were calling short at these levels earlier I do not understand, its all in the charts and in this case the underlying fundis

good ole common sense is also needed in forex as the original post was telling you
Don't chase the market, Let the market come to you
  • #126,253
  • Mar 12, 2009 1:59pm Mar 12, 2009 1:59pm
MAN!! I have a LOT to learn (as he sheepishly slinks away into a dark dark corner)...LOL...http://www.forexfactory.com/images/icons/icon9.gif
Ghost Rider - WWTBMD?
  • #126,254
  • Mar 12, 2009 2:02pm Mar 12, 2009 2:02pm
Quoting Magix
Bull Flag formation almost complete...Toppy day, looks like we got us a short....

Taking a small bite now, adding to on the way down.
30 min chart is spectacular - 200 pips vertically

its got more confidence than blagoyavich with a nose full of coke

I am up for a speculative short as it dithers - so what i might lose 15

soon but not quite..... waiting for some big empty candles in a row then ....
  • #126,255
  • Mar 12, 2009 2:02pm Mar 12, 2009 2:02pm
Quoting albchr
MAN!! I have a LOT to learn (as he sheepishly slinks away into a dark dark corner)...LOL...http://www.forexfactory.com/images/icons/icon9.gif
Hey Bro, what happened?
"The trend is your friend, until the end."
  • #126,256
  • Mar 12, 2009 2:05pm Mar 12, 2009 2:05pm
time to short this thing where it should be!
ROBOT FOREX
  • #126,257
  • Mar 12, 2009 2:06pm Mar 12, 2009 2:06pm
Any of you have saw/profit from usd/chf whit that 373 pips rally in 15 min?! Dam....
  • #126,258
  • Mar 12, 2009 2:07pm Mar 12, 2009 2:07pm
Quoting ForexRookie
Hey Bro, what happened?
In a word? Can we all say NEW-----BE!! LOL
Ghost Rider - WWTBMD?
  • #126,259
  • Mar 12, 2009 2:08pm Mar 12, 2009 2:08pm
Quoting Inzider
Any of you have saw/profit from usd/chf whit that 373 pips rally in 15 min?! Dam....
it was a bit afraid to sell that thing from top but we certainly should have done it
ROBOT FOREX
  • #126,260
  • Mar 12, 2009 2:10pm Mar 12, 2009 2:10pm
Quoting Forbes55
it was a bit afraid to sell that thing from top but we certainly should have done it
I know what you mean.
Any trade that is out of the system or counter trend should be done whit tight SL.
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