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Cable Update (GBPUSD)

  • #136,561
  • Jun 10, 2009 10:32am Jun 10, 2009 10:32am
Quoting latropsudoxe
How is that good news for the dollar?

I'm looking to go short but waiting for a little more confirmation.
LOL! that's pretty bad news for the dollar. More debt that no one wants, only ourselves, our own govt.
  • #136,562
  • Jun 10, 2009 10:33am Jun 10, 2009 10:33am
Quoting GlobalMacro
1.6317 is broken. But London session is over now so needs to be taken with a grain of salt. Sustained weakness below 1.6317 however opens the road to 1.6195
That's a fake out brother.
  • #136,563
  • Jun 10, 2009 10:35am Jun 10, 2009 10:35am
The cable is going Up and Down...

Don't put a tight SL...
And a Elliot wave count, that is corrective wave that brought it down there. So caution my dear Guys...

SHORT @ 1.6399 is Good...
  • #136,564
  • Jun 10, 2009 10:38am Jun 10, 2009 10:38am
Quoting HotPips
That's a fake out brother.
Could very well be. Signals generated after the London session are rarely reliable.
Hear the music before the song is over ...
  • #136,565
  • Jun 10, 2009 10:39am Jun 10, 2009 10:39am
Quoting Reznik
The cable is going Up and Down...

Don't put a tight SL...
And a Elliot wave count, that is corrective wave that brought it down there. So caution my dear Guys...

SHORT @ 1.6399 is Good...
so LONG @ 6300 is ok too
  • #136,566
  • Jun 10, 2009 10:41am Jun 10, 2009 10:41am
Quoting HotPips
so LONG @ 6300 is ok too
Went long at 1.6300 but chickened out and took +30 pips. Taking it easy now and staying on the sidelines for now....... watching the cricket instead.
You've got to be IN IT to WIN IT!
  • #136,567
  • Jun 10, 2009 10:45am Jun 10, 2009 10:45am
Quoting Ifty
Went long at 1.6300 but chickened out and took +30 pips. Taking it easy now and staying on the sidelines for now....... watching the cricket instead.
could have been a nice place to book that trade, who knows, cable=MAD COW!
  • #136,568
  • Jun 10, 2009 10:47am Jun 10, 2009 10:47am
Quoting Reznik
The cable is going Up and Down...

Don't put a tight SL...
And a Elliot wave count, that is corrective wave that brought it down there. So caution my dear Guys...

SHORT @ 1.6399 is Good...
Agreed it could just be corrective of recent upmove until 1.58 is taken out. But below 6257 downside will have a good chance I think.
  • #136,569
  • Jun 10, 2009 10:51am Jun 10, 2009 10:51am
Chill, guys. Cable moves on a lot of hot air over the last few days. All part of the game so the big dogs can empty our accounts.
When the dust settles, guess who is the winner?
  • #136,570
  • Jun 10, 2009 10:51am Jun 10, 2009 10:51am
The daily crows are going to crap all over bulls.
Shortguns lock & load.

http://www.forexfactory.com/attachme...6&d=1244645169
Thank You
  • #136,571
  • Jun 10, 2009 10:57am Jun 10, 2009 10:57am
a possible pin bar on d1, plus the pinbar on weeky.
also a bearish divergence on h4. what do you guys think?
Attached Image (click to enlarge)
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  • #136,572
  • Jun 10, 2009 11:00am Jun 10, 2009 11:00am
Quoting kimchikim
a possible pin bar on d1, plus the pinbar on weeky.
also a bearish divergence on h4. what do you guys think?
Well the trend is suppose to be our friend. Lets see if our friend is faithful or out to screw us.
You've got to be IN IT to WIN IT!
  • #136,573
  • Jun 10, 2009 11:01am Jun 10, 2009 11:01am
Quoting kimchikim
a possible pin bar on d1, plus the pinbar on weeky.
also a bearish divergence on h4. what do you guys think?
Shame it isn't a full bearish engulfing on the 4H although close.
  • #136,574
  • Jun 10, 2009 11:01am Jun 10, 2009 11:01am
Quoting wormboy
The daily crows are going to crap all over bulls.
Shortguns lock & load.

http://www.forexfactory.com/attachme...6&d=1244645169
Good to see you wormboy. Hows it going bro. What are your thoughts tonight?
You've got to be IN IT to WIN IT!
  • #136,575
  • Jun 10, 2009 11:04am Jun 10, 2009 11:04am
Quoting wormboy
The daily crows are going to crap all over bulls.
Shortguns lock & load.

http://www.forexfactory.com/attachme...6&d=1244645169
See you later, mate.
  • #136,576
  • Jun 10, 2009 11:20am Jun 10, 2009 11:20am
I will sell at 1.6295 with the stop loss @ yesterdays high of 1.6362 if price doesnt break yesterdays high, around where it is now.
  • #136,577
  • Jun 10, 2009 11:24am Jun 10, 2009 11:24am
Quoting HotPips
LOL! that's pretty bad news for the dollar. More debt that no one wants, only ourselves, our own govt.
Exactly, my point. It's ruining the dollar. It's called inflation; the word so many people don't understand.

I didn't go short yet...gonna have to wait till later.
  • #136,578
  • Jun 10, 2009 11:42am Jun 10, 2009 11:42am
Around 2am, I entered when I thought there was a huge pullback, then it corrected. During the initail correction, I went to check on my son and was out $1300.00 (5min)
I stayed up until 5:30am to see if I could retrace to the 50% fib but it didn't happen by then. Rookie mistake. It's like having the wind knocked out of you.
  • #136,579
  • Jun 10, 2009 11:45am Jun 10, 2009 11:45am
Quoting pqt
Chill, guys. Cable moves on a lot of hot air over the last few days. All part of the game so the big dogs can empty our accounts.
When the dust settles, guess who is the winner?
the big dogs
  • #136,580
  • Jun 10, 2009 11:47am Jun 10, 2009 11:47am
Quoting deyler
Around 2am, I entered when I thought there was a huge pullback, then it corrected. During the initail correction, I went to check on my son and was out $1300.00 (5min)
I stayed up until 5:30am to see if I could retrace to the 50% fib but it didn't happen by then. Rookie mistake. It's like having the wind knocked out of you.
Don't worry. Plenty of people in the same boat as you today. Tomorrow is another day.
You've got to be IN IT to WIN IT!
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