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Cable Update (GBPUSD)

  • #150,581
  • Jul 24, 2009 7:36am Jul 24, 2009 7:36am
I closed all trades as you know earlier in the week due to the PA. I still don't like this PA, but can see that Bulls are going to have another go.

Expect rejection from 4hr LTL and retest of the highs IMHO.

Happy Trades and have a good weekend
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  • #150,582
  • Jul 24, 2009 7:38am Jul 24, 2009 7:38am
Quoting roreki
nice bounce from 389
moved sl @ 6455 blocked 23 pips but I think she is still on the way down so my target still 6350 area bro.

good luck.
  • #150,583
  • Jul 24, 2009 7:40am Jul 24, 2009 7:40am
Quoting ams
You are welcome buddy.

I am more of a fundamental guy then technical. I see things from a diffrent perpective but also confirms from the charts!!


ams
buffet on tv right now saying that we would rather be long shares then t-bonds while dow @ 9000....
  • #150,584
  • Jul 24, 2009 7:44am Jul 24, 2009 7:44am
But sorry i did not trade anything today as just watch my GY to be close...

Break 1.6480 then 1.6545 (top red line) is there..
Otherwise if she break this 1.6380..mm..1.6320 as per my best friend say (MK)..anf if QQE cross below 50 line..nah..1.6250 back (bottom yellow line)..look like next week Monday-Tuesday if not today...

Weekly & Daily for me is completed OB....I could be wrong sotrade in what u see in ur chart...Good luck
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  • #150,585
  • Jul 24, 2009 7:47am Jul 24, 2009 7:47am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
I don't give an ear to these guys...they are all cheats and frauds...

He owns share in goldman and s&p moody's and several other manipulating companies, who knows what he has in mind..
He is buffet for nothing..people can only make money when somebody looses :-)


ams



Quoting MrTrendy
buffet on tv right now saying that we would rather be long shares then t-bonds while dow @ 9000....
  • #150,586
  • Jul 24, 2009 7:51am Jul 24, 2009 7:51am
Huge double bottom USDCAD coming up. Im going long on cable on the retest.
  • #150,587
  • Jul 24, 2009 7:52am Jul 24, 2009 7:52am
LOL...got in large on the bounce at 6416 (risky) got to BE quick and taken right back out again....LOL

Holding short on EU 4236
Ghost Rider - WWTBMD?
  • #150,588
  • Jul 24, 2009 7:55am Jul 24, 2009 7:55am
doubletop.
Thank You
  • #150,589
  • Jul 24, 2009 7:55am Jul 24, 2009 7:55am
Quoting Angelina
moved sl @ 6455 blocked 23 pips but I think she is still on the way down so my target still 6350 area bro.

good luck.
Expect a slow agonising drop to 6370 B4 going long.

Not wise to enter too early except you have large account. Minimum SL is 6300
In all your ways acknowledge Him and He will direct your path.
  • #150,590
  • Jul 24, 2009 7:56am Jul 24, 2009 7:56am
Quoting KillPhil08
Huge double bottom USDCAD coming up. Im going long on cable on the retest.
Phil .. could i ask what charts do u look at when u trade on cable ? i mean what other things or currences u look at .. ( still learning )
  • #150,591
  • Jul 24, 2009 7:56am Jul 24, 2009 7:56am
Quoting ams
I don't give an ear to these guys...they are all cheats and frauds...

He owns share in goldman and s&p moody's and several other manipulating companies, who knows what he has in mind..
He is buffet for nothing..people can only make money when somebody looses :-)


ams
so you think the old man is giving buy hints to make it easy to unload the stock he got on the recent run up?
  • #150,592
  • Jul 24, 2009 7:57am Jul 24, 2009 7:57am
Quoting albchr
LOL...got in large on the bounce at 6416 (risky) got to BE quick and taken right back out again....LOL

Holding short on EU 4236
BE set too soon
  • #150,593
  • Jul 24, 2009 7:58am Jul 24, 2009 7:58am
Quoting roreki
Phil .. could i ask what charts do u look at when u trade on cable ? i mean what other things or currences u look at .. ( still learning )
It used to be EURGBP EURUSD and GBPUSD. They used to work well.

Now I generally look at only EURUSD EURJPY GBPJPY GBPUSD and sometimes EURGBP.

I set alarms for daily areas if i havent check charts for a while, also friends keep me up to date with what they are looking at (which is how i found out about USDCAD).

Sometimes GBPCAD too, that monster is so profitbale and it loves round numbers.

I also sometimes trade ZEW on dax and inventories on crude.
  • #150,594
  • Jul 24, 2009 7:58am Jul 24, 2009 7:58am
i still hold my LONG for GU..target 1.6600
  • #150,595
  • Jul 24, 2009 7:59am Jul 24, 2009 7:59am
Quoting OmegaFire
Expect a slow agonising drop to 6370 B4 going long.

Not wise to enter too early except you have large account. Minimum SL is 6300

im expecting 6280ish in today US session. will se how it plays out but given all the good news recently perfect time for big money to sell
  • #150,596
  • Jul 24, 2009 8:00am Jul 24, 2009 8:00am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
He is not wrong in saying to hold stocks...for long term period on cash not leverage.

This is for long term but IMO, market has come UP very quickly..I know there is a reason that QE is done by the gov but that doesn't explain market going up so easy...it will take a hit soon then go back up again for people like us who are dependant on leverage, we should ignore these words..

ams



Quoting MrTrendy
so you think the old man is giving buy hints to make it easy to unload the stock he got on the recent run up?
  • #150,597
  • Jul 24, 2009 8:00am Jul 24, 2009 8:00am
Quoting mktjong
BE set too soon

Not for this tiny account.....

BE goes in my WIN column....
Ghost Rider - WWTBMD?
  • #150,598
  • Jul 24, 2009 8:01am Jul 24, 2009 8:01am
Quoting KillPhil08
Huge double bottom USDCAD coming up. Im going long on cable on the retest.

i was waiting for that too. ill let it eat some stops and buy it 50 pips lower . prob is there is no real support till 0500 once that 0780 is broke so 100 pip stop TP- at least 38.2 of this recent drop at 1.1200
  • #150,599
  • Jul 24, 2009 8:02am Jul 24, 2009 8:02am
lets see how this will play out.. lookin valuable.
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  • #150,600
  • Jul 24, 2009 8:04am Jul 24, 2009 8:04am
Market is kinda waiting for 8:55 AM CDT news as a catalyst for next move .. me think ..
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