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Cable Update (GBPUSD)

  • #147,041
  • Jul 16, 2009 5:02pm Jul 16, 2009 5:02pm
Quoting Bull_Bear
Morning guys,

Nothings change, GPB and EUR direction bias is still north.

ESP the EUR with a close above the trend line and resistance which makes it even more powerful.

I'm a believer of positive correlation between the pairs..... Just have to hang tight and wait till the "doing your head in PA is over". CRAZY FRIDAY will bring fruition and light.....

Catch you guys in the London / US session

Gotta Run.
Yeah, been watching the EU. Closing above that line is a positive sign.
Ghost Rider - WWTBMD?
  • #147,042
  • Jul 16, 2009 5:23pm Jul 16, 2009 5:23pm
hmmm looks like we're about to bounce up ... possibly lol
  • #147,043
  • Jul 16, 2009 5:37pm Jul 16, 2009 5:37pm
Quoting albchr
I hear that brother. Savings ran out last month with just enough to start this account. This is NO time for the market to sleep.......LOL

So we are near enough in the same boat then, difference is my account is tiny so I really need a good run of pips from here to get a good growth spurt

£700 quid per month would do for starters, 3months TOPS to get to that and no room for screw ups ( ie blowing the account again LOL )
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #147,044
  • Jul 16, 2009 5:41pm Jul 16, 2009 5:41pm
Come to mama...1.6357, 1.6312, 1.6250
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  • #147,045
  • Jul 16, 2009 5:44pm Jul 16, 2009 5:44pm
Quoting Turveyd
So we are near enough in the same boat then, difference is my account is tiny so I really need a good run of pips from here to get a good growth spurt

£700 quid per month would do for starters, 3months TOPS to get to that and no room for screw ups ( ie blowing the account again LOL )
Difference is? What makes you think my account is big? I have to more than double it EVERY month just to pay the bills.

5k account...6K in bills....LOL

I don't know what a quid is but I'll bet I'd need a WHOLE BUNCH of them to pay my bills.....LOL
Ghost Rider - WWTBMD?
  • #147,046
  • Jul 16, 2009 5:46pm Jul 16, 2009 5:46pm
Quoting simoneg
Come to mama...1.6357, 1.6312, 1.6250

Keep hanging on

It's been here a dozen times in the past 30 hours. On my feed, this is the lowest volume hour yet.
Ghost Rider - WWTBMD?
  • #147,047
  • Jul 16, 2009 5:48pm Jul 16, 2009 5:48pm
Support Resistance Levels

1,6419 - 1,646 - 1,6504 - 1,6535 - 1,6607

1,6402

1,6348 - 1,6249 - 1,6205 - 1,6178 - 1,6148

___________

S + R = $$
  • #147,048
  • Jul 16, 2009 5:51pm Jul 16, 2009 5:51pm
Quoting albchr
Keep hanging on

It's been here a dozen times in the past 30 hours. On my feed, this is the lowest volume hour yet.
Albchr...I hope that keep hanging on and thumb up is meant in a REAL way...1.6410 support stubborn...tightening stops on profits
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  • #147,049
  • Jul 16, 2009 6:12pm Jul 16, 2009 6:12pm
Quoting simoneg
Albchr...I hope that keep hanging on and thumb up is meant in a REAL way...1.6410 support stubborn...tightening stops on profits

Yes Simone I meant it. Although there is no way (as of now) to tell which way this will go when it starts up again. My original target early this morning was 6380. It's possible it will get there.

You got in at 6440 if I remember? I told a guy this morning to just take whatever profit he had or move SL to BE or BE+

At this point, anything can happen and it might happen fast.

Chris
Ghost Rider - WWTBMD?
  • #147,050
  • Jul 16, 2009 6:17pm Jul 16, 2009 6:17pm
Quoting simoneg
Albchr...I hope that keep hanging on and thumb up is meant in a REAL way...1.6410 support stubborn...tightening stops on profits

Apart from being a strong horizontal support, 1.6410 is also a point for the hour zig zag channel trend bottom.
Attached Image (click to enlarge)
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  • #147,051
  • Jul 16, 2009 6:20pm Jul 16, 2009 6:20pm
Daily close shows weakness ... 200 pips down?

lol, that's right, got ya scambling for the daily didn't i ...

Timmmmmberrrr

Ok folks, catch you guys london session. Trade safe!
Thank You
  • #147,052
  • Jul 16, 2009 6:24pm Jul 16, 2009 6:24pm
Quoting albchr
Yes Simone I meant it. Although there is no way (as of now) to tell which way this will go when it starts up again. My original target early this morning was 6380. It's possible it will get there.

You got in at 6440 if I remember? I told a guy this morning to just take whatever profit he had or move SL to BE or BE+

At this point, anything can happen and it might happen fast.

Chris
Ok albchr...I was looking for lower lows by now, but now seeing that. So I closed my short...to many buy patterns sitting at this level. Will wait for a break.
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  • #147,053
  • Jul 16, 2009 6:26pm Jul 16, 2009 6:26pm
Quoting GodfreyH
Apart from being a strong horizontal support, 1.6410 is also a point for the hour zig zag channel trend bottom.
Thanks for this chart Godfrey...confirms possibilities of market bouncing from here...1.6550 is NOT an impossibility. Maybe clearer in London.
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  • #147,054
  • Jul 16, 2009 6:28pm Jul 16, 2009 6:28pm
Quoting GodfreyH
Apart from being a strong horizontal support, 1.6410 is also a point for the hour zig zag channel trend bottom.
Hi Godfrey, I'm Chris

I've been working on learning about TL's and I was wondering what made you pick that particular low for the start of your lower TL?

I hope to figure these things out at some point...LOL

Thanks
Ghost Rider - WWTBMD?
  • #147,055
  • Jul 16, 2009 6:30pm Jul 16, 2009 6:30pm
Quoting wormboy
Daily close shows weakness ... 200 pips down?

lol, that's right, got ya scambling for the daily didn't i ...

Timmmmmberrrr

Ok folks, catch you guys london session. Trade safe!

hey you....

I've been of the mind this is going down anyway....LOL Been trying to sell it for days now.....
Ghost Rider - WWTBMD?
  • #147,056
  • Jul 16, 2009 6:49pm Jul 16, 2009 6:49pm
They are going to erase last profit before any other major move....
Broke SL then move down....

See all you want it to go down... hehe
SELLL now, joke!!

I can be wrong...
  • #147,057
  • Jul 16, 2009 6:49pm Jul 16, 2009 6:49pm
Quoting albchr
Hi Godfrey, I'm Chris

I've been working on learning about TL's and I was wondering what made you pick that particular low for the start of your lower TL?

I hope to figure these things out at some point...LOL

Thanks

lol...WB, is the trend master. I'm more of an indicator man, so those trendlines are coded to be drawn automatically by the indicator on the previous "zig zag" points. (The brown lines showing hi -lo points)
  • #147,058
  • Jul 16, 2009 6:50pm Jul 16, 2009 6:50pm
Isn't the daily that closed earlier, a bearish candle, don't they call that a "hangman"?
  • #147,059
  • Jul 16, 2009 6:52pm Jul 16, 2009 6:52pm
Quoting GodfreyH
lol...WB, is the trend master. I'm more of an indicator man, so those trendlines are coded to be drawn automatically by the indicator on the previous "zig zag" points.
Yeah I know. He's been teaching me but I didn't want to make his head "Too" big....LOL

I noticed your profile says automated trading. Cool. How's it working out?
Ghost Rider - WWTBMD?
  • #147,060
  • Jul 16, 2009 6:52pm Jul 16, 2009 6:52pm
Quoting alex1976
Isn't the daily that closed earlier, a bearish candle, don't they call that a "hangman"?
Yes alex it is!
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