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Cable Update (GBPUSD)

  • #148,621
  • Jul 21, 2009 8:11am Jul 21, 2009 8:11am
Quoting pino2
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...
somebody play on it bro to eat some SL...no new entry for atm..just watch my Daily and M15...H&S seem ugly....but as i say i would like to see 1.6350 how GU behave...still holding my short in GY....

anyway ya..let them be....so how about you..so far so good
  • #148,622
  • Jul 21, 2009 8:12am Jul 21, 2009 8:12am
tp time?? what do u think people.
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.gif Size: 16 KB
  • #148,623
  • Jul 21, 2009 8:12am Jul 21, 2009 8:12am
Quoting wormboy

Good call Wormie... only just saw that bullish flag in EUR too.. All my shorts off the table
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #148,624
  • Jul 21, 2009 8:12am Jul 21, 2009 8:12am
Quoting wormboy
jom YM
  • #148,625
  • Jul 21, 2009 8:12am Jul 21, 2009 8:12am
Quoting pino2
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...
It's not logic to say I'm bullish in the morning, then in the afternoon, I say I'm bearish, then in the evening I go and say I'm bullish again, and next day I became bearish in the morning, and then bullish in the afternoon, this is exteremely bullshit
  • #148,626
  • Jul 21, 2009 8:14am Jul 21, 2009 8:14am
Quoting Bull_Bear
Good call Wormie... only just saw that bullish flag in EUR too.. All my shorts off the table
cheers bb, got paid in a hurry lol. flat now.
Good luck with your trade bro
Thank You
  • #148,627
  • Jul 21, 2009 8:14am Jul 21, 2009 8:14am
Quoting direct-trade
NY won't like what we have done to Cable this morning....

We'll leave them a Pin bar from the 4hr LTL rejection to convince a few traders to go long...and then hit their Stops.

Chart ref: above post this morning.

http://www.forexfactory.com/showpost...stcount=148570

Looks like enough are long now. Time to eat some stops.
  • #148,628
  • Jul 21, 2009 8:15am Jul 21, 2009 8:15am
Quoting grashid
jom YM
gimme an hour bro. about to leave my office. satgi aku buzz
Thank You
  • #148,629
  • Jul 21, 2009 8:16am Jul 21, 2009 8:16am
Quoting pino2
It's not logic to say I'm bullish in the morning, then in the afternoon, I say I'm bearish, then in the evening I go and say I'm bullish again, and next day I became bearish in the morning, and then bullish in the afternoon, this is exteremely bullshit
..let them be..u just patient.....want to follow me as bear swing trader..scalping long...all door is open .....
  • #148,630
  • Jul 21, 2009 8:16am Jul 21, 2009 8:16am
Morning everyone .. finally Cable traded down to 1.6380 area last nite ..
  • #148,631
  • Jul 21, 2009 8:18am Jul 21, 2009 8:18am
Quoting wormboy
gimme an hour bro. about to leave my office. satgi aku buzz
  • #148,632
  • Jul 21, 2009 8:19am Jul 21, 2009 8:19am
Quoting mktjong
Morning everyone .. finally Cable traded down to 1.6380 area last nite ..
  • #148,633
  • Jul 21, 2009 8:19am Jul 21, 2009 8:19am
Quoting slykyn
tp time?? what do u think people.
yes
  • #148,634
  • Jul 21, 2009 8:22am Jul 21, 2009 8:22am
Quoting Alastair
but we have hit some nice resistance here.

Yep - think 65 will be difficult but it'll give eventually.
  • #148,635
  • Jul 21, 2009 8:22am Jul 21, 2009 8:22am
will go up to 1.6555 and then we'll see
  • #148,636
  • Jul 21, 2009 8:23am Jul 21, 2009 8:23am
Quoting mktjong
Morning everyone .. finally Cable traded down to 1.6380 area last nite ..
Yes it went down to 1.6383 but there were some smart and intelligent traders that bought @ this level and made a bounce, they are really smart, they couldn't wait for prices to go down to buy at lower prices, but they ran and bought @ this level, and these smart traders will sell very soon as well to make rejection and kill the market, I'm talking about the big boys
  • #148,637
  • Jul 21, 2009 8:24am Jul 21, 2009 8:24am
Quoting pino2
It's not logic to say I'm bullish in the morning, then in the afternoon, I say I'm bearish, then in the evening I go and say I'm bullish again, and next day I became bearish in the morning, and then bullish in the afternoon, this is exteremely bullshit
All depends on whether ur swinger or scalper.
  • #148,638
  • Jul 21, 2009 8:24am Jul 21, 2009 8:24am
Quoting wormboy
cheers bb, got paid in a hurry lol. flat now.
Good luck with your trade bro
Yeah certaintly did, but still out with profit.

Happened so fast did not get a chance to post my trades...

Buy Cable @ 1.6465..... SL 1.6365....TP 1.6600

Buy EUR @ 1.4250.... SL 1.4165.... TP 1.4430
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #148,639
  • Jul 21, 2009 8:24am Jul 21, 2009 8:24am
Quoting pino2
Yes it went down to 1.6383 but there were some smart and intelligent traders that bought @ this level and made a bounce, they are really smart, they couldn't wait for prices to go down to buy at lower prices, but they ran and bought @ this level, and these smart traders will sell very soon as well to make rejection and kill the market, I'm talking about the big boys
..just joking
  • #148,640
  • Jul 21, 2009 8:25am Jul 21, 2009 8:25am
Quoting yorkie
will go up to 1.6555 and then we'll see
I would say it's possible but unlikely If US equities closes red today, then we may see this pair down a lot more than today
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