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Cable Update (GBPUSD)

  • #150,201
  • Jul 23, 2009 12:16pm Jul 23, 2009 12:16pm
Quoting albchr
Well I've just reached trader frustration so I'm done. This wishy washy garbage has cost me enough today and I won't open myself up to revenge trading.

Perhaps tomorrow there will actually be a market to trade.

Best wishes everyone...

It's just getting good - making some on my short from 6559 and 3 hours to go on the DOW - so might be some fun yet
  • #150,202
  • Jul 23, 2009 12:17pm Jul 23, 2009 12:17pm
Forgot about my chart
Quoting albchr
What? You telling me we can't make these charts run left to right? Oh man, that's not what that school told me....
Discomfort and profit often stand side by side
  • #150,203
  • Jul 23, 2009 12:19pm Jul 23, 2009 12:19pm
Here we are (finally)
Divergence on 1H

Quoting LondonTrader
Forgot about my chart
Attached Image (click to enlarge)
Click to Enlarge Name: 1hdivergence.gif Size: 44 KB
Discomfort and profit often stand side by side
  • #150,204
  • Jul 23, 2009 12:23pm Jul 23, 2009 12:23pm
Quoting LondonTrader
Here we are (finally)
Divergence on 1H
Good catch .. it's normal. The market has to cycle .. big boys don't buy at high but always at bargain prices. Geezz .. I just closed my Geppy short for a few pips .. it's gone up again.. probably short again later ..
But I will wait for sell volume to come in first.
  • #150,205
  • Jul 23, 2009 12:24pm Jul 23, 2009 12:24pm
What the hell is going with GY????
GU is heading down, but GY is not!
I'm angry
ROBOT FOREX
  • #150,206
  • Jul 23, 2009 12:24pm Jul 23, 2009 12:24pm
Quoting Forbes55
What the hell is going with GY????
GU is heading down, but GY is not!
I'm angry
It's UJ.
  • #150,207
  • Jul 23, 2009 12:28pm Jul 23, 2009 12:28pm
Quoting LondonTrader
HI All,

As you probably saw there is a nice divergence on H1
She might go down for a while. Just a thought

London Trader
Yep, I saw that as I was watching my longs get taken out...LOL

It did just bounce right off my TL to the pip. Had the order box open to try a long and the phone rang with a call I had to take....LOL
Ghost Rider - WWTBMD?
  • #150,208
  • Jul 23, 2009 12:28pm Jul 23, 2009 12:28pm
Thx Mktjong

4H chart similar thought - plus it looks like double top with divergence as well, but who knows....

London Trader

Quoting mktjong
Good catch .. it's normal. The market has to cycle .. big boys don't buy at high but always at bargain prices. Geezz .. I just closed my Geppy short for a few pips .. it's gone up again.. probably short again later ..
But I will wait for sell volume to come in first.
Attached Image (click to enlarge)
Click to Enlarge Name: 4hdt.gif Size: 41 KB
Discomfort and profit often stand side by side
  • #150,209
  • Jul 23, 2009 12:30pm Jul 23, 2009 12:30pm
Quoting Forbes55
What the hell is going with GY????
GU is heading down, but GY is not!
I'm angry
2nd time.

GJ has support from the broken 4hour downtrend. IT's also on daily.
  • #150,210
  • Jul 23, 2009 12:32pm Jul 23, 2009 12:32pm
Quoting KillPhil08
2nd time.

GJ has support from the broken 4hour downtrend. IT's also on daily.
rofl
  • #150,211
  • Jul 23, 2009 12:33pm Jul 23, 2009 12:33pm
Quoting Forbes55
What the hell is going with GY????
GU is heading down, but GY is not!
I'm angry
Patience GU isn't heading down til 6450 is taken IMO.
  • #150,212
  • Jul 23, 2009 12:34pm Jul 23, 2009 12:34pm
Most likely Geppy would retrace 100 pips or more if it has reached its daily range. Now, it's well over extended. I will not be buying for sure regardless of how bullish it is unless something else (I don't know what it is either .. )
  • #150,213
  • Jul 23, 2009 12:36pm Jul 23, 2009 12:36pm
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Guys , tomorrow or next week starting u r looking at shorts/sells.....

Have a look at yourself on this chart...simple but beautiful.....


ams
Attached Image (click to enlarge)
Click to Enlarge Name: 2307_Div.JPG Size: 79 KB
  • #150,214
  • Jul 23, 2009 12:36pm Jul 23, 2009 12:36pm
I wish I knew when GY goes with UJ and then breaks away and goes with GU
  • #150,215
  • Jul 23, 2009 12:38pm Jul 23, 2009 12:38pm
Quoting KillPhil08
2nd time.

GJ has support from the broken 4hour downtrend. IT's also on daily.
Phil can you post a chart - the h4 trend is up on GY
  • #150,216
  • Jul 23, 2009 12:42pm Jul 23, 2009 12:42pm
Quoting ams
Guys , tomorrow or next week starting u r looking at shorts/sells.....

Have a look at yourself on this chart...simple but beautiful.....


ams
What will you say if it breaks out and hits 1.8 the next clear s/r level.
  • #150,217
  • Jul 23, 2009 12:42pm Jul 23, 2009 12:42pm
Quoting stewrigh
Phil can you post a chart - the h4 trend is up on GY
I imagine Phil means this (4H above, 5 min below), although i'm sure he'll correct me if im wrong.

Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 26 KB


Attached Image (click to enlarge)
Click to Enlarge Name: gj5.gif Size: 17 KB
  • #150,218
  • Jul 23, 2009 12:44pm Jul 23, 2009 12:44pm
Quoting mktjong
Most likely Geppy would retrace 100 pips or more if it has reached its daily range. Now, it's well over extended. I will not be buying for sure regardless of how bullish it is unless something else (I don't know what it is either .. )
Yep I been watching this mo all day but I'm beginning to think it's headed for 160 now.
  • #150,219
  • Jul 23, 2009 12:45pm Jul 23, 2009 12:45pm
Quoting AstonDan
I imagine Phil means this (4H above, 5 min below), although i'm sure he'll correct me if im wrong.

Attachment

Attachment
Yes, thats it thank you. My trendline is slightly steeper though. I did mine on 1hour as if you do it on 4hour its slightly off sometimes.

Either way it shows support. Guess where i'm shorting.

Back to my wank.
Attached Image (click to enlarge)
Click to Enlarge Name: MOTHERF.jpg Size: 152 KB
  • #150,220
  • Jul 23, 2009 12:45pm Jul 23, 2009 12:45pm
Thank you Albchr

It is nice to read your story and trading style you have.

Regards,
London Trader

Quoting albchr
Yep, I saw that as I was watching my longs get taken out...LOL

It did just bounce right off my TL to the pip. Had the order box open to try a long and the phone rang with a call I had to take....LOL
Discomfort and profit often stand side by side
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