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Cable Update (GBPUSD)

  • #154,241
  • Aug 3, 2009 4:25am Aug 3, 2009 4:25am
Quoting Faryad
NOW CABLE IS DOWN
yes..BUT not before reaching my [email protected]/6900
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #154,242
  • Aug 3, 2009 4:27am Aug 3, 2009 4:27am
Today's target - 1.7029
  • #154,243
  • Aug 3, 2009 4:27am Aug 3, 2009 4:27am
Quoting albchr
Energizer Bunny....

Long EU @ 4224
Long GU @ 6756
lol...exactly this baby just reminded me of that...

and welcome on board !
Hear the music before the song is over ...
  • #154,244
  • Aug 3, 2009 4:32am Aug 3, 2009 4:32am
I think this time cable dive deep
  • #154,245
  • Aug 3, 2009 4:33am Aug 3, 2009 4:33am
Quote
Originally Posted by Bull_Bear :
Time to sell this baby... @ 1.6850.... SL 1.6940... TP 1.6660

A close below 1.6790 will make me more comfortable with the target
I don't see Bearish, although seen from M1, GU still in Bullish.
Be careful friend using zigzag on lower tf.
Attached Image (click to enlarge)
Click to Enlarge Name: bigtrend gu.gif Size: 29 KB
  • #154,246
  • Aug 3, 2009 4:33am Aug 3, 2009 4:33am
Quoting ubaidahsan
agree with you..Nice call BB ...i hope this week we will visit our previous target 64xx

Ub
hope to achieve our target UB.. best of luck for today....
  • #154,247
  • Aug 3, 2009 4:49am Aug 3, 2009 4:49am
Bearish butterfly , I hope it fall to .6735
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 18 KB
  • #154,248
  • Aug 3, 2009 5:03am Aug 3, 2009 5:03am
Short on the 1hr Pinbar off the upper trendline.
  • #154,249
  • Aug 3, 2009 5:12am Aug 3, 2009 5:12am
......Somebody kick me when the market wakes up....
Ghost Rider - WWTBMD?
  • #154,250
  • Aug 3, 2009 5:13am Aug 3, 2009 5:13am
Dow closed up ~8% largest since 20 years
Hear the music before the song is over ...
  • #154,251
  • Aug 3, 2009 5:15am Aug 3, 2009 5:15am
Quoting albchr
......Somebody kick me when the market wakes up....
which part?
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #154,252
  • Aug 3, 2009 5:22am Aug 3, 2009 5:22am
i guess pound will go down if 4hrs closed down to 6720 that next target will be 6580.
  • #154,253
  • Aug 3, 2009 5:22am Aug 3, 2009 5:22am
I am a little bit late but the shooting star on 1H chart plus the divergence between PA and MACD ... it droped down already but maybe it will came back to 6720

Just a tought

LOndon Trader
Some thimes a socond top is needed so we might wait for a couple of hours



Quoting albchr
......Somebody kick me when the market wakes up....
Attached Image (click to enlarge)
Click to Enlarge Name: 1h_daivergance.gif Size: 25 KB
Discomfort and profit often stand side by side
  • #154,254
  • Aug 3, 2009 5:24am Aug 3, 2009 5:24am
Quoting advfntrader
Short on the 1hr Pinbar off the upper trendline.
Everybody shorting? remember friday? Furthermore somebody mentioned about the dow up.
Great Bodies are Engineered not Born
  • #154,255
  • Aug 3, 2009 5:26am Aug 3, 2009 5:26am
Quoting GodfreyH
Thanks for the excellent reading material, particularly Mark Douglas.
You are welcome. Great reading and keeps everything in perspective for me.

Update:
http://www.forexfactory.com/showpost...stcount=153776

http://www.forexfactory.com/showpost.php?p=2920073&postcount=153776
http://www.forexfactory.com/showpost.php?p=2923504&postcount=154088
To avoid any confusion:
First chart from 3rd post above. TP levels in first post above.
Second chart present senario:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusd 02-07-09 - 1.gif Size: 21 KB
Click to Enlarge Name: gbpusd 03-07-09 - 1.gif Size: 19 KB
  • #154,256
  • Aug 3, 2009 5:28am Aug 3, 2009 5:28am
Greeting fellow traders, just wondering how strong does the bullish sentiment for cable today?
just for the purpose of buying Ferrari
  • #154,257
  • Aug 3, 2009 5:29am Aug 3, 2009 5:29am
Sorry guys stepped out for dinner, am back at the helm now. Today I decided to trade counter trend resistance. No doubt the immediate trend is up but how far can the market go north holding its breath without taking a breather?

Like I said I will be watching the 1.6790 (if price makes it back) level VERY closely, possible a line of defense there.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #154,258
  • Aug 3, 2009 5:37am Aug 3, 2009 5:37am
well it doesn't look like dropping. will give it a while longer before closing my short
  • #154,259
  • Aug 3, 2009 5:37am Aug 3, 2009 5:37am
Quoting Bull_Bear
Sorry guys stepped out for dinner, am back at the helm now. Today I decided to trade counter trend resistance. No doubt the immediate trend is up but how far can the market go north holding its breath without taking a breather?

Like I said I will be watching the 1.6790 (if price makes it back) level VERY closely, possible a line of defense there.
Can u elaborate more on "breather"?
Great Bodies are Engineered not Born
  • #154,260
  • Aug 3, 2009 5:38am Aug 3, 2009 5:38am
My guess? It will likely do much of nothing the rest of today as the big boys are all bloated and hung over from too much food and drink over the weekend celebrating the spoils of Friday......
Ghost Rider - WWTBMD?
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