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Cable Update (GBPUSD)

  • #152,681
  • Jul 30, 2009 2:32am Jul 30, 2009 2:32am
3 area is target

Quoting Bones
nope not a pin or hanging man
Attached Image (click to enlarge)
Click to Enlarge Name: 100)usdlfx , h8, 30 th july.gif Size: 29 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #152,682
  • Jul 30, 2009 2:34am Jul 30, 2009 2:34am
Quoting samdani786
SL 6520 TP open
I shorted the Dragon too
Attached Image (click to enlarge)
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The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #152,683
  • Jul 30, 2009 2:35am Jul 30, 2009 2:35am
Quoting Bones
3 area is target
  • #152,684
  • Jul 30, 2009 2:37am Jul 30, 2009 2:37am
Mornin guys,

Thought I'd share another chart with you and offer my view of PA..

Last few weeks price has been constrained between 6350 and 65x(amber box on chart) and I've been loading up longs every tim it approaches 6350

Longer term it has been stuck in a range between 1.6 and 1.65.

Some time over the next couple weeks I expect it to break out of both the box and the longer term range.

Guess which way I think it'll go - lol.

Attached Image (click to enlarge)
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  • #152,685
  • Jul 30, 2009 2:38am Jul 30, 2009 2:38am
Quoting nAVIN2007
step back..look at the big picture and trade the mofo..

be lucky my friend

I do look at daily and weekly. Unfortuantely, I can't afford to wait around and trade them or the large SL needed to do so.

So I've had to take that approach and try to scale it back down to 1 & 4 hour.

But that chart does help put things in a new light!
Ghost Rider - WWTBMD?
  • #152,686
  • Jul 30, 2009 2:40am Jul 30, 2009 2:40am
Did break up but is in a downtrend ,above 1.8000 needed for that to change.
BTW this can not be seen on 1 min chart


Quoting Bones
Has pulled back ,but could well be bearish still ,I need this puppy to break up could be pull back after break out.
Price unable to close within previous candle.
Bullish divergence.
Attached Image (click to enlarge)
Click to Enlarge Name: 100)usdlfx , h8, 30 th july 2 downtrend.gif Size: 27 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #152,687
  • Jul 30, 2009 2:41am Jul 30, 2009 2:41am
Quoting albchr
I do look at daily and weekly. Unfortuantely, I can't afford to wait around and trade them or the large SL needed to do so.

So I've had to take that approach and try to scale it back down to 1 & 4 hour.

But that chart does help put things in a new light!
that good bro! remember u dont necessarily have to have a large stop..in this game so long as u reward is bigger than risk u will make money asuming yur more right than wrong...when i live trade im buying and selling as close to the ,lines as possible..

only drawback is u need the right lines

keep a eye out on dragon..4hr my give a pin to short the mofo
  • #152,688
  • Jul 30, 2009 2:42am Jul 30, 2009 2:42am
Euro just found support of it's broken downtrend, looks a bit iffy (euro being stuck between 2 tl's), i'm hoping it busts through sending cable to 16420. Short at 72, trailing stops on red thrustcandles (16480).

Bit of a 50/50 atm.

TP 16450; 16420
  • #152,689
  • Jul 30, 2009 2:46am Jul 30, 2009 2:46am
Music to my ears, if it should decisively break through the rest line R2 I will short again.
  • #152,690
  • Jul 30, 2009 2:48am Jul 30, 2009 2:48am
Quoting qp2
Music to my ears, if it should decisively break through the rest line R2 I will short again.
German unemploy in 7 mins.
  • #152,691
  • Jul 30, 2009 2:49am Jul 30, 2009 2:49am
Quoting nAVIN2007
keep a eye out on dragon..4hr my give a pin to short the mofo
Been watching her. Heres my 4H...
Attached Image (click to enlarge)
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Ghost Rider - WWTBMD?
  • #152,692
  • Jul 30, 2009 2:52am Jul 30, 2009 2:52am
i am shorted @ 81

SL = BE
TP = Open
Never sell @ lower upward channel unless breacked and vise versa .
  • #152,693
  • Jul 30, 2009 2:52am Jul 30, 2009 2:52am
Quoting albchr
Been watching her. Heres my 4H...

heres mine bro..
it looks risky thou...dailly looking like up to me..wondering if it will give a pin
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  • #152,694
  • Jul 30, 2009 2:54am Jul 30, 2009 2:54am
Quoting wormboy
could be. I don't use fibs so I can't comment. The most I have on my chart for this thing going up is to 6500 level. Below this level my bias is down. Above this level up. I'll be selling rallies from this pullback unless of course, if it closes above 6500. Else, I'll be happy if we dive from here on, doesn't matter
Good luck.
There it is. Down periscope.

Inserted Video

Thank You
  • #152,695
  • Jul 30, 2009 2:54am Jul 30, 2009 2:54am
Quoting KillPhil08
German unemploy in 7 mins.
the news screw me up at times, good news has been factered in, the old buy on the rumour and sell on the fact, and at times what I think is good is not in the markets eyes, the top of the hour will bring a change, its suddenly not looking so hot for shorts, I have a decressionary stop that may be the death of me.
  • #152,696
  • Jul 30, 2009 2:54am Jul 30, 2009 2:54am
Quoting nAVIN2007
heres mine bro..

LOL...we are in different time zones for sure. Your's looks like a short coming, mine says BUY BUY BUY...ATM....LOL
Ghost Rider - WWTBMD?
  • #152,697
  • Jul 30, 2009 2:54am Jul 30, 2009 2:54am
Quoting WedWed
i am shorted @ 81

SL = BE
TP = Open
you don't know what your doing. it ok to be short, your moving your s/l to breakeven so quick and you have no idea where to exit
  • #152,698
  • Jul 30, 2009 2:57am Jul 30, 2009 2:57am
Quoting albchr
LOL...we are in different time zones for sure. Your's looks like a short coming, mine says BUY BUY BUY...ATM....LOL
its crazy huh..we both looking at the same thing and it looks so different no wonder so many are lost (me included )
  • #152,699
  • Jul 30, 2009 3:00am Jul 30, 2009 3:00am
Quoting albchr
LOL...we are in different time zones for sure. Your's looks like a short coming, mine says BUY BUY BUY...ATM....LOL
At the moment I could not agree with you more, this is subject to change when is the question, will I still be in is the next ...watch this space
  • #152,700
  • Jul 30, 2009 3:02am Jul 30, 2009 3:02am
Quoting wormboy
There it is. Down periscope.

http://www.youtube.com/watch?v=OjhlUa7mJRk
Hey Wormie......Looks like its no beers for me this friday..... made absolutely 0 pips monday to thursday on all my trades. Smack bang on ZERO.

Veni, Vidi, Vici (We came, we saw, we conquered)
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