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Cable Update (GBPUSD)

  • #153,301
  • Jul 30, 2009 10:28pm Jul 30, 2009 10:28pm
Quoting Lejumeau
well to a positive note for the bear longer a resistance hold harder it will to brake it.

RR for the bear is diminished as time goes by. What fundamentals could drive this thing down?
  • #153,302
  • Jul 30, 2009 10:30pm Jul 30, 2009 10:30pm
Quoting Lejumeau
yes good idea albchr pull it now so price will then fall like a knife.. like it always happen when we just close a position that we think is not going anywhere.

at lease we will be profiting from your gesture .. what a nice guy you are yep go head close your short so it can drop..

Nice, but not stupid.....

Although I could because when this baby drops, it'll drop hard and there will more opportunity to get back in....
Ghost Rider - WWTBMD?
  • #153,303
  • Jul 30, 2009 10:30pm Jul 30, 2009 10:30pm
Quoting Lejumeau
Hi Inzider long time no see
Hey, yes friend!

I'm trying to get my head out of rumors, so ain't feeling to post alot.
But tonight i feel dam confuse. Oh well! Manage risk is the key, and dicipline is his friend.

Take care mister!
  • #153,304
  • Jul 30, 2009 10:32pm Jul 30, 2009 10:32pm
Quoting Sunny66
RR for the bear is diminished as time goes by. What fundamentals could drive this thing down?
your rigth on a point
but I dont rely on fundamental sentiment market will drive any fundamental in the direction of there sentiment.. chart is what give trader sentiment.
  • #153,305
  • Jul 30, 2009 10:35pm Jul 30, 2009 10:35pm
A great post by DT about the plan the big guys probably have in store for us.

I'll be waiting to load big shorts when it happens.

http://www.forexfactory.com/showpost...stcount=153169
Ghost Rider - WWTBMD?
  • #153,306
  • Jul 30, 2009 10:37pm Jul 30, 2009 10:37pm
Quoting Sunny66
RR for the bear is diminished as time goes by. What fundamentals could drive this thing down?
Funny-Mentals? Not much concern for them....
Ghost Rider - WWTBMD?
  • #153,307
  • Jul 30, 2009 10:39pm Jul 30, 2009 10:39pm
Quoting albchr
Nice, but not stupid.....

Although I could because when this baby drops, it'll drop hard and there will more opportunity to get back in....
Exactly .. if it drops u still have chance to catch a significant amount of pips as it's been confirmed but right now still in limbo .. (not sure which way yet and is hurting your emotion & heart .. )
  • #153,308
  • Jul 30, 2009 10:39pm Jul 30, 2009 10:39pm
Quoting Lejumeau
your rigth on a point
but I dont rely on fundamental sentiment market will drive any fundamental in the direction of there sentiment.. chart is what give trader sentiment.
your chart says up on monthly, weekly, daily, 4h based on pivots. I am currently short but I dont see this thing going down the more I think about it... I dont know what to think anymore, nothing is clear.
  • #153,309
  • Jul 30, 2009 10:43pm Jul 30, 2009 10:43pm
It has come up for some pips but not clear that bullish. Still wait for short.
  • #153,310
  • Jul 30, 2009 10:44pm Jul 30, 2009 10:44pm
Quoting mktjong
Exactly .. if it drops u still have chance to catch a significant amount of pips as it's been confirmed but right now still in limbo .. (not sure which way yet and is hurting your emotion & heart .. )

Well we'll see. This 4H TL is about to get challenged. Lets see if it holds...

http://www.forexfactory.com/showpost...stcount=153263
Ghost Rider - WWTBMD?
  • #153,311
  • Jul 30, 2009 10:47pm Jul 30, 2009 10:47pm
Quoting Sunny66
your chart says up on monthly, weekly, daily, 4h based on pivots. I am currently short but I dont see this thing going down the more I think about it... I dont know what to think anymore, nothing is clear.
yep we have to admit the fact this thing is going higher and all my indicator are saying this so i'm closing my short wit a loss. and this loss remind me to rely on my strategy even if I took a position that was ok earlier.

good night everyone
  • #153,312
  • Jul 30, 2009 10:51pm Jul 30, 2009 10:51pm
Quoting albchr
Well we'll see. This 4H TL is about to get challenged. Lets see if it holds...

http://www.forexfactory.com/showpost...stcount=153263
I know I saw that too .. Cable sometimes is very untrustworthy
  • #153,313
  • Jul 30, 2009 10:52pm Jul 30, 2009 10:52pm
Quoting Lejumeau
yep we have to admit the fact this thing is going higher and all my indicator are saying this so i'm closing my short wit a loss. and this loss remind me to rely on my strategy even if I took a position that was ok earlier.

good night everyone

.....see you at 6300....
Ghost Rider - WWTBMD?
  • #153,314
  • Jul 30, 2009 10:53pm Jul 30, 2009 10:53pm
Quoting Lejumeau
yep we have to admit the fact this thing is going higher and all my indicator are saying this so i'm closing my short wit a loss. and this loss remind me to rely on my strategy even if I took a position that was ok earlier.

good night everyone
1h macd bearish divergence but other than this nada
  • #153,315
  • Jul 30, 2009 10:53pm Jul 30, 2009 10:53pm
Quoting mktjong
I know I saw that too .. Cable sometimes is very untrustworthy
lol...don't I know it. I still wonder why it's one of my favorites.......lol

The way I see it. If it tests 6550 I'll look for PA at that point. If I have to take a hit on my 6520 it won't be that bad. If PA suggests, 6550 would be a great place to short IMHO.
Ghost Rider - WWTBMD?
  • #153,316
  • Jul 30, 2009 10:55pm Jul 30, 2009 10:55pm
Long GU since 1.6436, already closed 2/3 of the trade with +54 and +91 pips. Have the last 1/3 of the trade SL at +54 pips @1.6490, and letting it run. =)
  • #153,317
  • Jul 30, 2009 10:55pm Jul 30, 2009 10:55pm
Albchr,

Unless reaches 1.6550, it is not clearly that GU now bullish. I vote for bears today.
  • #153,318
  • Jul 30, 2009 10:56pm Jul 30, 2009 10:56pm
Quoting albchr
.....see you at 6300....

4H just tested UTL and hope it does not close above it. still another hour to go before it closes.

hope this long wait n patience is worth it.
  • #153,319
  • Jul 30, 2009 10:59pm Jul 30, 2009 10:59pm
Quoting Pham
Albchr,

Unless reaches 1.6550, it is not clearly that GU now bullish. I vote for bears today.
  • #153,320
  • Jul 30, 2009 10:59pm Jul 30, 2009 10:59pm
Quoting Pham
Albchr,

Unless reaches 1.6550, it is not clearly that GU now bullish. I vote for bears today.

For me, even if it is I'll be looking for PA there. Would be a great place to short from.
Ghost Rider - WWTBMD?
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