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Cable Update (GBPUSD)

  • #152,421
  • Jul 29, 2009 8:34am Jul 29, 2009 8:34am
Quoting mktjong
The current trend is still bullish ..it turned from bearish during European session .. but i really neglect to long at current level. Lost some pips today .. sideline now ..
I just lost -35pip on the way down @ 1.6400. Not to worry shorting again @ 1.6460..... SL 1.6510....
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #152,422
  • Jul 29, 2009 8:35am Jul 29, 2009 8:35am
Quoting direct-trade
Bull trap.

Na this is a bear trap lol.
  • #152,423
  • Jul 29, 2009 8:35am Jul 29, 2009 8:35am
Quoting mktjong
The current trend is still bullish ..it turned from bearish during European session .. but i really neglect to long at current level. Lost some pips today .. sideline now ..
Don't worry my friend. This thing will sink again. Just be ready
Thank You
  • #152,424
  • Jul 29, 2009 8:36am Jul 29, 2009 8:36am
looks like all the stops have been triggered here, time to short i guess
  • #152,425
  • Jul 29, 2009 8:36am Jul 29, 2009 8:36am
im short 1.6460, s/l 1.6560, t/p 1.6289
  • #152,426
  • Jul 29, 2009 8:40am Jul 29, 2009 8:40am
Quoting stewrigh
Na this is a bear trap lol.
Can I smell 2 stroke and hear the sound of chainswas in the distance? lol
Attached Image (click to enlarge)
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  • #152,427
  • Jul 29, 2009 8:43am Jul 29, 2009 8:43am
majors fell against the dollar except pound , is pound really stronger than the rest of them?? i think NOT this is just reaction to EURGBP fall which will find support and cable fall will resume. Simples. :nerd:
  • #152,428
  • Jul 29, 2009 8:44am Jul 29, 2009 8:44am
Quoting direct-trade
Can I smell 2 stroke and hear the sound of chainswas in the distance? lol
by then I'm long gone...
Hear the music before the song is over ...
  • #152,429
  • Jul 29, 2009 8:45am Jul 29, 2009 8:45am
Quoting GodfreyH
I don't see why you guys are shorting now? The candles haven't returned bearish yet. And it has breached the trendline. I would think you need a confirming candle. (Even on the 15 min tf currently bullish candle)

Godfrey, so did u get the confirmation yet?
  • #152,430
  • Jul 29, 2009 8:46am Jul 29, 2009 8:46am
he guys, how about we short GU and long EUR right now ??

____________________

patterns

.
  • #152,431
  • Jul 29, 2009 8:48am Jul 29, 2009 8:48am
Quoting lexazver
majors fell against the dollar except pound , is pound really stronger than the rest of them?? i think NOT this is just reaction to EURGBP fall which will find support and cable fall will resume. Simples. :nerd:
Yup been look'n at that all night..... It's the F**k'n EUR/GBP that save it from tanking. It screw everything up..... AND yes your right US rose against majors
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #152,432
  • Jul 29, 2009 8:50am Jul 29, 2009 8:50am
Quoting traderfx
im short 1.6460, s/l 1.6560, t/p 1.6289
man up.
  • #152,433
  • Jul 29, 2009 8:51am Jul 29, 2009 8:51am
G'evening WB! LT, roreki! everyone! Long time bro's!!

That was a fun ride up!

What's up with this slomo PA?? It's like someone shot the bear with a tranquilizer dart....
  • #152,434
  • Jul 29, 2009 8:52am Jul 29, 2009 8:52am
Quoting GlobalMacro
not yet, bro...too early...enjoying the ride for now
As mentioned yesterday 1.6460 just on...1.6480 still waiting...see what happen
  • #152,435
  • Jul 29, 2009 8:52am Jul 29, 2009 8:52am
Quoting lexazver
majors fell against the dollar except pound , is pound really stronger than the rest of them?? i think NOT this is just reaction to EURGBP fall which will find support and cable fall will resume. Simples. :nerd:

Eurgbp goes down the cable goes up - i.e. pound is strong no??
  • #152,436
  • Jul 29, 2009 8:54am Jul 29, 2009 8:54am
Quoting Dillinger
G'evening WB! LT, roreki! everyone! Long time bro's!!

That was a fun ride up!

What's up with this slomo PA?? It's like someone shot the bear with a tranquilizer dart....

am just waiting to see wt will happen and still holding my short from 1.6460 and it's green now (( not like 5 hours ago ))
  • #152,437
  • Jul 29, 2009 8:54am Jul 29, 2009 8:54am
Quoting albchr
Nope........6432....
short at 6432 right?
  • #152,438
  • Jul 29, 2009 8:56am Jul 29, 2009 8:56am
Quoting GlobalMacro
not yet, bro...too early...enjoying the ride for now
Good call on the long this AM - recovered my losses from yesterday and some. Think I'll sit for a while? May Long again if it comes back to 1.6400
May the forex be with you |
  • #152,439
  • Jul 29, 2009 8:59am Jul 29, 2009 8:59am
Well got my butt kicked on that one. In short at 32 and 42 for a lot each. Freaked on the climb and killed them both. bye bye 5 bills....LOL
Ghost Rider - WWTBMD?
  • #152,440
  • Jul 29, 2009 8:59am Jul 29, 2009 8:59am
Quoting stewrigh
Eurgbp goes down the cable goes up - i.e. pound is strong no??
We need resistance in GBP/US and support in EUR/GBP and continued strength in US against the the majors for cable to give back.

Thats the scenario for us shorties.....
Veni, Vidi, Vici (We came, we saw, we conquered)
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