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Cable Update (GBPUSD)

  • #145,441
  • Edited 5:02pm Jul 12, 2009 4:52pm | Edited 5:02pm
STUPID is as stupid does , in your case it is very difficult to quote you as some of your posts are deleted mysteriously

Anyways here is some food for thought -- http://www.forexfactory.com/showpost...stcount=145368

And btw, I am not bearish on this ATM. I think we see some upside here. Waiting for Asian session to go through halfway.

P.S. LION# And I cannot access the quoted post as well, what is going on man?

Quoting forexlion
what gave u that stupid idea

i am short big time from last week
Its all in the mind.
  • #145,442
  • Jul 12, 2009 5:06pm Jul 12, 2009 5:06pm
Lion, is there a downtrend continuation pattern on 1hr, with consolidation phase occurring now?
  • #145,443
  • Jul 12, 2009 5:32pm Jul 12, 2009 5:32pm
Quoting alex1976
Lion, is there a downtrend continuation pattern on 1hr, with consolidation phase occurring now?
as per my basic trading rule, i would wait for 3 AM GMT to decide what to do
  • #145,444
  • Jul 12, 2009 5:34pm Jul 12, 2009 5:34pm
Quoting forexlion
as per my basic trading rule, i would wait for 3 AM GMT to decide what to do
So, you only take trades after 3am?
  • #145,445
  • Jul 12, 2009 5:45pm Jul 12, 2009 5:45pm
Quoting Bull_Bear
Morning Guys,

Cable Long now @ 1.6190... SL 1.6140... TP 1.6450
Morning bb ..
Pretty risky trade since the tp is still off limits as we're still directionless imho. Price atm is still pinging in between 6220 & 6165 levels. What do you see that made you go long and pick that tp bro?

Cheers & good luck
Thank You
  • #145,446
  • Jul 12, 2009 5:46pm Jul 12, 2009 5:46pm
Quoting alex1976
So, you only take trades after 3am?
because by then the markets have taken the decision for direction and trend and liquidity meaning low spreads
  • #145,447
  • Jul 12, 2009 5:48pm Jul 12, 2009 5:48pm
Quoting wormboy
Morning bb ..
Pretty risky trade since the tp is still off limits as we're still directionless imho. Price atm is still pinging in between 6220 & 6165 levels. What do you see that made you go long and pick that tp bro?

Cheers & good luck
if 6210 resistance breaks, then bull_bear will get his trade, and going by his calls in the past it does seem he is confident about it
  • #145,448
  • Jul 12, 2009 5:53pm Jul 12, 2009 5:53pm
Quoting Bull_Bear
Morning Guys,

Holding onto my long EUR since friday @ 1.3914..... SL 1.3870... TP 1.4045. Look to cover if price makes it 1.4000.

Cable Long now @ 1.6190... SL 1.6140... TP 1.6450

See ya all at the London Session.

Gotta Run


Price failed to close below the 100 fib expansion level. Long from 1.6175, SL, 1.6130, may move to +1
Attached Image (click to enlarge)
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  • #145,449
  • Jul 12, 2009 5:55pm Jul 12, 2009 5:55pm
Quoting forexlion
if 6210 resistance breaks, then bull_bear will get his trade, and going by his calls in the past it does seem he is confident about it
yea I agree if there's a breakout. But I can't find anything that shows cable is likely to go that far up since price is still contained within this small range. Just wondering what made him pull the trigger ...
Thank You
  • #145,450
  • Jul 12, 2009 5:59pm Jul 12, 2009 5:59pm
Worm, do you like 240 for potential short?
  • #145,451
  • Jul 12, 2009 6:01pm Jul 12, 2009 6:01pm
220 test then 240....let's see what she gives us?
  • #145,452
  • Jul 12, 2009 6:02pm Jul 12, 2009 6:02pm
Quoting alex1976
Worm, do you like 240 for potential short?
Hi alex.
No I don't. I'll only short below 6165 & I use the H4 to gauge the weight of the direction.

Good luck buddy
Thank You
  • #145,453
  • Jul 12, 2009 6:12pm Jul 12, 2009 6:12pm
Hmmmm nice setup...

KG
Attached Image (click to enlarge)
Click to Enlarge Name: #gu2.jpg Size: 162 KB
  • #145,454
  • Jul 12, 2009 6:22pm Jul 12, 2009 6:22pm
Quoting Kang_Gun
Hmmmm nice setup...

KG

Kang...You and I have the same perspective. Planning to go long at 1.6263 once we get there. Holding current longs.
Hero Traders Live to see their Accounts Die!
  • #145,455
  • Jul 12, 2009 6:24pm Jul 12, 2009 6:24pm
Quoting wormboy
Hi alex.
No I don't. I'll only short below 6165 & I use the H4 to gauge the weight of the direction.

Good luck buddy

Worm, based on that you use the 4h to gauge direction, is it telling up right now based on the 2 green up 4hr candles followed by the most recent one, now forming which is looking hammer ish?
  • #145,456
  • Jul 12, 2009 6:33pm Jul 12, 2009 6:33pm
Quoting alex1976
Worm, based on that you use the 4h to gauge direction, is it telling up right now based on the 2 green up 4hr candles followed by the most recent one, now forming which is looking hammer ish?
My current h4 is still open & it does not close in 2 hours. Judging by the previous 2 h4 close, with the reversal formation it does justify if you are to go long, but, being the previous 2 h4 closed after London had closed on friday I personally think it holds little significance. That and the fact 6220 is the line in the sand. A close below 6165 or above 6220 offers better setup imho.
Welp, i'm off jogging. See you London session. Good luck.
Thank You
  • #145,457
  • Jul 12, 2009 6:39pm Jul 12, 2009 6:39pm
Quoting wormboy
My current h4 is still open & it does not close in 2 hours. Judging by the previous 2 h4 close, with the reversal formation it does justify if you are to go long, but, being the previous 2 h4 closed after London had closed on friday I personally think it holds little significance. That and the fact 6220 is the line in the sand. A close below 6165 or above 6220 offers better setup imho.
Welp, i'm off jogging. See you London session. Good luck.

Thanks Worm, I see what your saying!
  • #145,458
  • Jul 12, 2009 7:36pm Jul 12, 2009 7:36pm
i just did a google image search for wormboy and got this


http://www.treekids.org/earthworm.jpg
  • #145,459
  • Jul 12, 2009 7:37pm Jul 12, 2009 7:37pm
What is that? Ghandi?

Quoting forexlion
http://farm1.static.flickr.com/147/4...7d31dd.jpg?v=0
Its all in the mind.
  • #145,460
  • Jul 12, 2009 7:51pm Jul 12, 2009 7:51pm
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