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Cable Update (GBPUSD)

  • #154,921
  • Aug 4, 2009 11:58am Aug 4, 2009 11:58am
Dow, cable and all pigs, are fuelled and ready to fly
  • #154,922
  • Aug 4, 2009 11:58am Aug 4, 2009 11:58am
Quote
and when it gets to 2.5000, I will bring enough to hire Elliot Spitzer's hooker for 30 minutes (ok ok 3 minutes)

good for you
  • #154,923
  • Aug 4, 2009 11:59am Aug 4, 2009 11:59am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
You are a good chartist DT but you absolute sure ??

It's damn strong this trend.

I am good either ways :-)









Quoting direct-trade

Everyone going long now?? Enjoy the ride....

Still Short and contrarian until the market shows otherwise.
  • #154,924
  • Aug 4, 2009 12:04pm Aug 4, 2009 12:04pm
Quoting allserene
Dow, cable and all pigs, are fuelled and ready to fly
Attached Image
  • #154,925
  • Aug 4, 2009 12:07pm Aug 4, 2009 12:07pm
Quoting ams
You are a good chartist DT but you absolute sure ??

It's damn strong this trend.

I am good either ways :-)
Cable could end today with no change (Doji) followed by a sell day tomorrow.
  • #154,926
  • Aug 4, 2009 12:10pm Aug 4, 2009 12:10pm
Quoting direct-trade

Everyone going long now?? Enjoy the ride....

Still Short and contrarian until the market shows otherwise.

I was actually thinking the same, everyone starting to change their mind at the top o_O. I'm eyeing 6640-6700 in the next couple days but then again i have google eyes.
  • #154,927
  • Aug 4, 2009 12:12pm Aug 4, 2009 12:12pm
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
What does your chart says for worst case scenerio?

I think consolidation / worst case scenerio is 65000. Beyond that it has to be really bad, which is always the case with this market :-)







Quoting direct-trade
Cable could end today with no change (Doji) followed by a sell day tomorrow.
  • #154,928
  • Aug 4, 2009 12:13pm Aug 4, 2009 12:13pm
I am short at 6954 with a 15 pip trail. Gonna milk this flag.

Quoting direct-trade

Everyone going long now?? Enjoy the ride....

Still Short and contrarian until the market shows otherwise.
  • #154,929
  • Aug 4, 2009 12:15pm Aug 4, 2009 12:15pm
Quoting mloistianto
Hi, could u enlighten me, what is CT??

CT - Counter trend
  • #154,930
  • Aug 4, 2009 12:16pm Aug 4, 2009 12:16pm
Ya see, 300 pips is nothing for this pair, and besides, if you want to talk about retraces, we have had 2 38% retraces off the daily already. This baby is goin up, long term, and my stop is at 6885. Meanwhile, there is an 80 pip flag to be milked. Keep in mind, that could end at anytime.

Ne
  • #154,931
  • Aug 4, 2009 12:18pm Aug 4, 2009 12:18pm
http://www.forexfactory.com/showpost...stcount=154828


I posted a week or two ago (I'll find the post later) that the rise would be above everyones expections and that ALL shorts would be stopped out. Then when everyone is just turning Bullish, we drop.

We could be there, or we could go higher from here. Im Short from here anyway.

Chart is in above post link, but shorts from top will be held just in case we really do go for it towards 15000 and below.
  • #154,932
  • Aug 4, 2009 12:21pm Aug 4, 2009 12:21pm
Quoting Nene
Ya see, 300 pips is nothing for this pair, and besides, if you want to talk about retraces, we have had 2 38% retraces off the daily already. This baby is goin up, long term, and my stop is at 6885. Meanwhile, there is an 80 pip flag to be milked. Keep in mind, that could end at anytime.

Ne

I'm milking this short from 940.

Where a good first tp, nene?
  • #154,933
  • Aug 4, 2009 12:25pm Aug 4, 2009 12:25pm
Quoting direct-trade

Everyone going long now?? Enjoy the ride....

Still Short and contrarian until the market shows otherwise.
Looks like both directions are dead for up ..
  • #154,934
  • Aug 4, 2009 12:32pm Aug 4, 2009 12:32pm
Trading after 12 is too boring!
  • #154,935
  • Aug 4, 2009 12:34pm Aug 4, 2009 12:34pm
Mine is 1.6908 but I will watch it closely and it may not break out of this til around 8ish PM EST. But you never know. My reason for the 6908 is because it puts me above the 00 Phsyc. level.

Ne

Quoting alex1976
I'm milking this short from 940.

Where a good first tp, nene?
  • #154,936
  • Aug 4, 2009 12:34pm Aug 4, 2009 12:34pm
Quoting mktjong
Looks like both directions are dead for up ..
Cable is like I have George Michael in front of me and Elton behind me, and I need to pick the soap up



Think I will have a coffee and forget the soap
  • #154,937
  • Aug 4, 2009 12:36pm Aug 4, 2009 12:36pm
Mine just moved to +15 so it's a free trade now, I can't loose.

Ne

Quoting Nene
Mine is 1.6908 but I will watch it closely and it may not break out of this til around 8ish PM EST. But you never know. My reason for the 6908 is because it puts me above the 00 Phsyc. level.

Ne
  • #154,938
  • Aug 4, 2009 12:38pm Aug 4, 2009 12:38pm
If you want a more consistant pair to start with, I would suggest the U/J. I can usually get 250 to 400 pips a week and its pretty predictable and its up and down. So that is just FYI.

Ne
  • #154,939
  • Aug 4, 2009 12:38pm Aug 4, 2009 12:38pm
Seems like the buying volume of the Dow is getting dry out, that's where the deadly bear strikes in and tear everything into pieces
  • #154,940
  • Aug 4, 2009 12:40pm Aug 4, 2009 12:40pm
Quoting Nene
If you want a more consistant pair to start with, I would suggest the U/J. I can usually get 250 to 400 pips a week and its pretty predictable and its up and down. So that is just FYI.

Ne
Wow .. I really salute you can get that many pips with UJ ..
What time frame and strategy do u use? Thanks.
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