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Cable Update (GBPUSD)

  • #155,321
  • Aug 5, 2009 9:10am Aug 5, 2009 9:10am
Quoting wormboy
that ----->
http://www.forexfactory.com/showpost...postcount=2210

so much for bullish pressure
Now I know how volatile Dragon is, nice dice'n and slice'n
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #155,322
  • Aug 5, 2009 9:10am Aug 5, 2009 9:10am
Long at 955 looking for 50 pips profit on this scalp
Make sure losses are small and profits are bigger!
  • #155,323
  • Aug 5, 2009 9:10am Aug 5, 2009 9:10am
So it bad news. So it heading bear or bull?
  • #155,324
  • Aug 5, 2009 9:11am Aug 5, 2009 9:11am
Quoting wormboy
that ----->
http://www.forexfactory.com/showpost...postcount=2210

so much for bullish pressure
Dragon slayer at work.
Great Bodies are Engineered not Born
  • #155,325
  • Aug 5, 2009 9:12am Aug 5, 2009 9:12am
Quoting 2be
Long at 955 looking for 50 pips profit on this scalp
bro where is scalp i didnt see any
  • #155,326
  • Aug 5, 2009 9:15am Aug 5, 2009 9:15am
looks like eur/usd broke 4370, that could mean gbp is going back to 6900, leaving an order of buy at 6905, or waiting it to climb up to 7000/15 to short, becouse tomorrow is BOE meeting, niesr was better than awaited
  • #155,327
  • Aug 5, 2009 9:16am Aug 5, 2009 9:16am
I think you really missed a good short. Didn't you?

Quoting RichLadyFX
Dragon slayer at work.
  • #155,328
  • Aug 5, 2009 9:17am Aug 5, 2009 9:17am
Quoting Bull_Bear
Now I know how volatile Dragon is, nice dice'n and slice'n
yea. cable's a slug lol.
did you get on bro?
Thank You
  • #155,329
  • Aug 5, 2009 9:17am Aug 5, 2009 9:17am
Quoting wormboy
lol. Now my trade is safe. I'm out to make noise again lol.
how's it going mk, not trading the dragon today?
I am fine ..still not trading yet .. would be soon. My post about "rumour" I heard about market is gonna tank on Wed seems to be true
  • #155,330
  • Aug 5, 2009 9:18am Aug 5, 2009 9:18am
Quoting RichLadyFX
Dragon slayer at work.
Thank You
  • #155,331
  • Aug 5, 2009 9:22am Aug 5, 2009 9:22am
Quoting mktjong
I am fine ..still not trading yet .. would be soon. My post about "rumour" I heard about market is gonna tank on Wed seems to be true
welp, the beast stopped smack at the daily resistance & there was an evening star doji formation on h1 which indicates buying might not be a good option at the time. Hence the short. Look at her go
Thank You
  • #155,332
  • Aug 5, 2009 9:23am Aug 5, 2009 9:23am
Quoting wormboy
yea. cable's a slug lol.
did you get on bro?
I'm done with manual trades for today with cable.... 2 loses in a row.

Dragon still under investigation for a while. This is where I'm at with it. No live trades on her yet.
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.JPG Size: 120 KB
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #155,333
  • Edited 9:29am Aug 5, 2009 9:25am | Edited 9:29am
http://www.forexfactory.com/showpost.php?p=2931310&postcount=155178

http://www.forexfactory.com/showpost...stcount=155187

No surprises there then (in posts above), rise through 17000 to 17043 and drop as planned.


And nice little Short on GBP/JPY at 16240/50 resistance, currently at 16062: http://www.forexfactory.com/showpost.php?p=2931468&postcount=155227

Still on waiting for GBP/USD TP targets mentioned yesterday:

http://www.forexfactory.com/showpost.php?p=2928339&postcount=154828


Lets see how it plays out....all the best of green pips to you
  • #155,334
  • Aug 5, 2009 9:26am Aug 5, 2009 9:26am
I guess it heading long.
  • #155,335
  • Aug 5, 2009 9:27am Aug 5, 2009 9:27am
Quoting leesm
I guess it heading long.
I'd call that more of a reaction. She'd have to get over 1.7050 to convince me of any bullish strength. She just hit the pivot and bounced, but I'd look for that to be broken south later on.
There's always money in the banana stand.
  • #155,336
  • Edited 9:30am Aug 5, 2009 9:28am | Edited 9:30am
Quoting Faryad
bro where is scalp i didnt see any
I use M5 to M15 for scalps, fast entries are requried, already on BE
Have taken 10 pips profit, shall wait for calmer market
Make sure losses are small and profits are bigger!
  • #155,337
  • Aug 5, 2009 9:30am Aug 5, 2009 9:30am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Too early DT...it's only gone down 60 pips from 170...not even your first TP 16851, it's consolidating.
Shorting is relevant when the trend is down. Don't you think?



Tomorrow , friday there are big news and then on aug 12 (wed). FED IR decision.

Don't think it will be an easy ride...big boys might push it back up for tomorrow and friday.

However, as said, someone needs lots of dollars to buy US bonds auctioned tomorrow. But not very expensive, it defeats the whole purpose for buying them, lol.





Quoting direct-trade
http://www.forexfactory.com/showpost.php?p=2931310&postcount=155178

http://www.forexfactory.com/showpost.php?p=2928339&postcount=154828

No surprises there then (in posts above), rise through 17000 to 17043 and drop as planned.


[font=Calibri][size=3]And nice little Short...
  • #155,338
  • Aug 5, 2009 9:31am Aug 5, 2009 9:31am
Quoting Bull_Bear
I'm done with manual trades for today with cable.... 2 loses in a row.

Dragon still under investigation for a while. This is where I'm at with it. No live trades on her yet.
sorry for the loss bro. you'll get it back no worries

Dunno about m5 on dragon, that'll be pretty much malcolm's territory.
But if you wanna look at it from a higher tf maybe this will help :
http://www.forexfactory.com/attachme...5&d=1249460127

that chart was taken 6 hours ago but that ltl is under fire again. You might want to keep an eye on that
Thank You
  • #155,339
  • Aug 5, 2009 9:31am Aug 5, 2009 9:31am
It is the end of the up trend ?? DO i try to take the swing ? too much questions i m out of this cross for now.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 24 KB
  • #155,340
  • Aug 5, 2009 9:32am Aug 5, 2009 9:32am
Quoting Ferick
Been out for a few weeks. I am back and I am short on this pair.Looks top heavy. There just doesn't seem to by any momentum above 1.6950. Looks like buyers are not interested in buying above the figure. News release may still push it up, but I thought a short here looked a good risk/reward combo. I am exercising extreme caution here given the trend so I have already set SL at BE.

My short was stopped put last night at BE. Re-instated it again on the way down at 1.6963. Wished had the guts to enter it above 1.70. Oh well, I will try this one as I think the pair is unlikely to make any new attempts higher today given the pause in equities and oil. Need to get past 1.69 to accelerate further South.
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