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Cable Update (GBPUSD)

  • #148,101
  • Jul 20, 2009 11:37am Jul 20, 2009 11:37am
Quoting allserene
I reckon cable has its eye on the DOW which is at decison level again

I am not sure whether we will see 8300 again or the DOW will go to 9000

I reckon this is the decider, and the Q2 profits being disclosed this week will drive it

'The miracle is this - the more we share, the more we have. ~ Leonard Nimoy ~ ' (so never share your ears)
If we break 8830 first...

I have a feeling that Wall Street is setting a bull trap to get the investors back in and then it will drop like a stone.

two great vids to kill the time.

Tom Williams on smart money

Inserted Video


Max Keiser completely loses it. part 2 on gold market very interesting.


Inserted Video
  • #148,102
  • Jul 20, 2009 11:37am Jul 20, 2009 11:37am
Alright guys, I'm outta here now that i have position. Watch the 1.6550 level and the falling trend on the daily.

Way pass my bed time.

Later All
Trade Well
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #148,103
  • Jul 20, 2009 11:39am Jul 20, 2009 11:39am
Quoting direct-trade
Beware...big boys at play and creating upmoves to sell into...Stops are on the Radar before we fall. Current price 16540...expect spike before we go.
Thought it was too good to be true...dropping without another spike. Here it comes now...

SL Spike followed by double top anyone?
  • #148,104
  • Jul 20, 2009 11:41am Jul 20, 2009 11:41am
Guyz , where is Dr. Jack ?
  • #148,105
  • Jul 20, 2009 11:43am Jul 20, 2009 11:43am
Quoting direct-trade
Thought it was too good to be true...dropping without another spike. Here it comes now...

SL Spike followed by double top anyone?

Shorts against the trend, Risk is too high and Reward is likely lower even if I get lucky!!!

Might risk a short dabble near 1.6550 though!! Tight SL
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #148,106
  • Jul 20, 2009 11:43am Jul 20, 2009 11:43am
Quoting direct-trade
Thought it was too good to be true...dropping without another spike. Here it comes now...

SL Spike followed by double top anyone?
Didn't quite understand what you're saying. I'm newbie ...
  • #148,107
  • Jul 20, 2009 11:43am Jul 20, 2009 11:43am
Is it guaranteed to drop?
Disclaimer: Check your 1m charts
  • #148,108
  • Edited 11:53am Jul 20, 2009 11:44am | Edited 11:53am
Quoting pipper
Is it guaranteed to drop?
no
the dow is still bullish. waiting for a retest of 8830.
  • #148,109
  • Jul 20, 2009 11:44am Jul 20, 2009 11:44am
Quoting albchr
Oh this is killing me......I HATE adding to a loser but just took another lot at 6531......
6535 again. Don't sweat it chris .. Good luck bro.
I'm outta here.
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Thank You
  • #148,110
  • Jul 20, 2009 11:45am Jul 20, 2009 11:45am
Quoting pipper
Is it guaranteed to drop?
Whoa ... i think no one can have a guarantee, it's all market decision, not us. All we can is just catch and run ....
  • #148,111
  • Jul 20, 2009 11:46am Jul 20, 2009 11:46am
Quoting pipper
Is it guaranteed to drop?

YES at some stage, ofcourse it might move up 100pips before dropping 50pips, but it'll always drop at some stage


Serious Answer, there are no guarantees in trading, if you think there are back to Demo with you!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #148,112
  • Jul 20, 2009 11:57am Jul 20, 2009 11:57am
Quoting Bull_Bear
All back in the market now mate..... All good
Beg to disagree. Still Long to 6600 b4 any short
In all your ways acknowledge Him and He will direct your path.
  • #148,113
  • Jul 20, 2009 12:06pm Jul 20, 2009 12:06pm
Bit boring today - now that I am a semi yank, I will go to the gun shop and buy and assault rifle and more ammo than the WACO compound had

It's what we do here so I have to fit in

I will leave the short on...
  • #148,114
  • Jul 20, 2009 12:08pm Jul 20, 2009 12:08pm
Quoting OmegaFire
Beg to disagree. Still Long to 6600 b4 any short
on what are you basing your premise? what gives you that impression?
  • #148,115
  • Jul 20, 2009 12:19pm Jul 20, 2009 12:19pm
Don't like this. Dow dropping but she's not heading south
Disclaimer: Check your 1m charts
  • #148,116
  • Jul 20, 2009 12:20pm Jul 20, 2009 12:20pm
Quoting wormboy
6535 again. Don't sweat it chris .. Good luck bro.
I'm outta here.

The 6531 doesn't worry me "too" much but that 6514, I'm a no like it...LOL
Ghost Rider - WWTBMD?
  • #148,117
  • Jul 20, 2009 12:26pm Jul 20, 2009 12:26pm
GJ is going a little bit down, while GU is sitting at 16522 and doesn't want to leave it!!!!
  • #148,118
  • Jul 20, 2009 12:29pm Jul 20, 2009 12:29pm
How far might it fall (me being a novice - help appreciated)
Disclaimer: Check your 1m charts
  • #148,119
  • Jul 20, 2009 12:30pm Jul 20, 2009 12:30pm
Quoting albchr
The 6531 doesn't worry me "too" much but that 6514, I'm a no like it...LOL
Bro, whats your TP for short?
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #148,120
  • Jul 20, 2009 12:30pm Jul 20, 2009 12:30pm
Well I took a 3 pip hit on the 6514 and locked in +3 on the 6531. So BE is the worst I can do...LOL
Ghost Rider - WWTBMD?
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