Interesting how price came down to hit 50% retracement on the 4H and then got a 50pip bounce. Let's see where it goes from here.
Cable Update (GBPUSD)
- #156,202
- Aug 7, 2009 7:55am Aug 7, 2009 7:55am
- Joined Mar 2009 | Status: FX | 3,789 Posts
Mine is 6600 short in GJ also but its crazyyyyyyyyy
Ub
Veni, Vidi, Vici (We came, we saw, we conquered)
- #156,203
- Aug 7, 2009 7:55am Aug 7, 2009 7:55am
He, this last drop bounced off of the 50 fib on the dot... well, at least the way I drew them from this last leg up from 1.63xx to 1.70xx.
Of course, I'm totally not precise, but it was cool to see it touch my imprecise line and bounce
Of course, I'm totally not precise, but it was cool to see it touch my imprecise line and bounce
Cable is my sugardaddy
He, this last drop bounced off of the 50 fib on the dot... well, at least the way I drew them from this last leg up from 1.63xx to 1.70xx.
Of course, I'm totally not precise, but it was cool to see it touch my imprecise line and bounce
- #156,207
- Edited 8:28am Aug 7, 2009 8:11am | Edited 8:28am
- Joined Mar 2008 | Status: Taking Care Of Business | 5,587 Posts
alright Crew...here's where it's at before the fireworks start and it gets real fun...
I am looking for the shorts to get squeezed real good unknown since generations...
we're trading at 1.6761 right now...
Peace
Peace
P.S.
Hear the music before the song is over ...
- #156,208
- Aug 7, 2009 8:11am Aug 7, 2009 8:11am
- Joined Mar 2009 | Status: FX | 3,789 Posts
Veni, Vidi, Vici (We came, we saw, we conquered)
- #156,209
- Aug 7, 2009 8:15am Aug 7, 2009 8:15am
- Joined Mar 2009 | Status: FX | 3,789 Posts
Hopefully, we get a knee jerk reaction to the upside first a good value sell for me. Still trying to work out a sell entry point ATM, the 1.6850 did not play out.
Agreed with the
Alright 1.6785 is my sell limit SL... 1.6850..... TP 1.6550
Gotta head out for dinner and a few beers!
Veni, Vidi, Vici (We came, we saw, we conquered)
- #156,210
- Aug 7, 2009 8:15am Aug 7, 2009 8:15am
Yep, I observed that as well. Too bad no pending buy orders there...
If I've learned anything over the last 5+ years of active trading is that there is always another trade right around the corner, and as great as it might be to bag 100+ pips in a few minutes, slow and steady always wins the race in the end
Cable is my sugardaddy
- #156,211
- Aug 7, 2009 8:20am Aug 7, 2009 8:20am
- Joined Mar 2009 | Status: FX | 3,789 Posts
Eh, I had a few pending buy and sell orders in the last 24 hours, but I canceled them all this morning. All would have been nice winners, but I have too much on my plate today to be glued to the computer, and with NFP and all, it just wasn't worth the risk.
If I've learned anything over the last 5+ years of active trading is that there is always another trade right around the corner, and as great as it might be to bag 100+ pips in a few minutes, slow and steady always wins the race in the end
Veni, Vidi, Vici (We came, we saw, we conquered)
Eh, I had a few pending buy and sell orders in the last 24 hours, but I canceled them all this morning. All would have been nice winners, but I have too much on my plate today to be glued to the computer, and with NFP and all, it just wasn't worth the risk.
If I've learned anything over the last 5+ years of active trading is that there is always another trade right around the corner, and as great as it might be to bag 100+ pips in a few minutes, slow and steady always wins the race in the end
- #156,213
- Aug 7, 2009 8:28am Aug 7, 2009 8:28am
- Joined Mar 2008 | Status: Taking Care Of Business | 5,587 Posts
Hey GM.... The JOKER "CLICK" me ... who's laughing now LOL
as that funny guy would say...."you're fiii(r)eeed.." Donald T...you know..LOL
Check out my post bro...
http://www.forexfactory.com/showpost...stcount=156210
Hear the music before the song is over ...
- #156,214
- Aug 7, 2009 8:29am Aug 7, 2009 8:29am
- Joined Mar 2009 | Status: FX | 3,789 Posts
Veni, Vidi, Vici (We came, we saw, we conquered)
- #156,217
- Aug 7, 2009 8:36am Aug 7, 2009 8:36am
- Joined Mar 2009 | Status: FX | 3,789 Posts
Veni, Vidi, Vici (We came, we saw, we conquered)
- #156,218
- Aug 7, 2009 8:37am Aug 7, 2009 8:37am
- Joined Mar 2008 | Status: Taking Care Of Business | 5,587 Posts
Hear the music before the song is over ...
- #156,220
- Aug 7, 2009 8:38am Aug 7, 2009 8:38am
- | Commercial User | Joined Mar 2009 | 2,480 Posts
dt bro...are your shorts ok?...did they survive the spike?
TP 1 taken yesterday, TP 2 taken this morning. Just waiting for TP 3,4 and 5. TP 3,4 and 5 Short entry at 169xx areas, so no problem.
Waiting for U/J and G/J to stop throwing their toys out of the pram...I expect a large fall later today on GBP across the board.