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Cable Update (GBPUSD)

  • #148,601
  • Jul 21, 2009 7:43am Jul 21, 2009 7:43am
Quoting stewrigh
There must be some correlation.

If the dollar is weak - its gonna be weak against both, unless one of the others is also weak.
If EUR breaks the 1.4250 level...... Cable might be drag along, like it did on Monday. Rethinking my cable shorts
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #148,602
  • Jul 21, 2009 7:46am Jul 21, 2009 7:46am
6460-6360..here u come
  • #148,603
  • Jul 21, 2009 7:47am Jul 21, 2009 7:47am
Quoting KillPhil08
I recommend getting out here and entering again - 5m trend still intact though. GJ hitting a double top. Still euro to 143+ methinks. IF cable hits 172 i'd be happy. Not likely though.

Maybe not but I think 67 is possible.
  • #148,604
  • Jul 21, 2009 7:48am Jul 21, 2009 7:48am
Quoting pino2
Why there is always shi%%y bounces, why traders don't wait for prices to go a little bit down, then think to buy, why they run and buy immediately, why they don't wait to buy at low prices, what will happen in the world if they waited to buy @ low prices and not to keep on buying whenever it goes down 40 to 50 pips
hey mate..hows life..long time never seen you..
  • #148,605
  • Jul 21, 2009 7:48am Jul 21, 2009 7:48am
Quoting pino2
Why there is always shi%%y bounces, why traders don't wait for prices to go a little bit down, then think to buy, why they run and buy immediately, why they don't wait to buy at low prices, what will happen in the world if they waited to buy @ low prices and not to keep on buying whenever it goes down 40 to 50 pips
derrrrrrr
  • #148,606
  • Jul 21, 2009 7:49am Jul 21, 2009 7:49am
Quoting Bull_Bear
If EUR breaks the 1.4250 level...... Cable might be drag along, like it did on Monday. Rethinking my cable shorts
G/U might have a new daily H today before going down, yesterdays daily bar closing (close of US session) displays strenght for a time being. It all depends on equities now. I have coverred shorts from last night, gone long from todays low, and I am flat atm, waiting for Bernenke testimony.
Make sure losses are small and profits are bigger!
  • #148,607
  • Jul 21, 2009 7:50am Jul 21, 2009 7:50am
Quoting stewrigh
Maybe not but I think 67 is possible.
just check ur daily before decide long or short...
  • #148,608
  • Jul 21, 2009 7:51am Jul 21, 2009 7:51am
Quoting direct-trade
I see a possible Shampoo on Daily. Its a bit messy due to the last 2 months distribution PA, lets see how it plays out
GY too...for 2nd neckline
  • #148,609
  • Jul 21, 2009 7:53am Jul 21, 2009 7:53am
Quoting grashid
just check ur daily before decide long or short...

Yep already did and that says long as well. In fact its even more bullish lol.
  • #148,610
  • Jul 21, 2009 7:53am Jul 21, 2009 7:53am
Quoting KillPhil08
derrrrrrr
Hi Phil,
I can see a familiar face,
how are you doing, summer range is doing my head a bit, as there are not long runs suitable for my position strat, so only scalping now and momentum trading.
Make sure losses are small and profits are bigger!
  • #148,611
  • Jul 21, 2009 7:56am Jul 21, 2009 7:56am
Quoting 2be
Hi Phil,
I can see a familiar face,
how are you doing, summer range is doing my head a bit, as there are not long runs suitable for my position strat, so only scalping now and momentum trading.

Hey buddy.

Gotta rush now but will talk later.

I love this enviroment. Trends do my head in.

The longer the range, the bigger the breakout though.

Cya tomorrow buddy, sorry man really got to go, i'll skype you sometime.
  • #148,612
  • Jul 21, 2009 7:56am Jul 21, 2009 7:56am
50% retrace we had.


edit.. still going
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  • #148,613
  • Jul 21, 2009 8:00am Jul 21, 2009 8:00am
Quoting stewrigh
Yep already did and that says long as well. In fact its even more bullish lol.
but how about this?...Good luck
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  • #148,614
  • Jul 21, 2009 8:04am Jul 21, 2009 8:04am
That looks very concerning....

Cable shorts may be in ttrouble
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Veni, Vidi, Vici (We came, we saw, we conquered)
  • #148,615
  • Jul 21, 2009 8:05am Jul 21, 2009 8:05am
Testing the neckline. Normal PA. Expect spike through, but Support turned resistance to hold with resumption of downwards move.
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  • #148,616
  • Jul 21, 2009 8:05am Jul 21, 2009 8:05am
Quoting grashid
but how about this?...Good luck

The trend is up .
  • #148,617
  • Jul 21, 2009 8:05am Jul 21, 2009 8:05am
Quoting grashid
hey mate..hows life..long time never seen you..
Hey grashid, I'm not happy with the market view, GU and GJ are playing dirty games, they both don't know which direction to go, going down then up then down then up, with no trend, all I can see is some shi##y bounces whenever it goes down, and shi##y rejections whenever it goes up, why don't the traders wait to buy at low prices , why they keep buying at these high levels and let the pair bounces and why they keep selling whenever it goes up few pips and let the pair to reject, this is no trend, no direction, no logic, no momentum, no taste, and plenty of false breakouts, these days we are having bullshit and bearshit market in the same day
  • #148,618
  • Jul 21, 2009 8:06am Jul 21, 2009 8:06am
Quoting stewrigh
The trend is up .
but we have hit some nice resistance here.
Keep It Simple Stupid
  • #148,619
  • Jul 21, 2009 8:07am Jul 21, 2009 8:07am
Quoting stewrigh
The trend is up .
1.6550 break and H1 hold above today daily pivot..then yes..no short for GU...
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  • #148,620
  • Jul 21, 2009 8:10am Jul 21, 2009 8:10am
Thank You
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