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Cable Update (GBPUSD)

  • #156,221
  • Aug 7, 2009 8:39am Aug 7, 2009 8:39am
Quoting bull_bear
gbp is killing it across the board, causing slow going in gu.... But as usd strengthens and gbp stops the advance gu will start to tank
so bb whats ur trade n ur target ?
  • #156,222
  • Aug 7, 2009 8:39am Aug 7, 2009 8:39am
Quoting direct-trade
Lastest trades:
GJ double top looks good. It co-inlines with the equities double topping too.
  • #156,223
  • Aug 7, 2009 8:40am Aug 7, 2009 8:40am
Quoting Faryad
so bb whats ur trade n ur target ?
Bro scroll up.... its on the same page

Opps its started a new page, on the prev page
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #156,224
  • Aug 7, 2009 8:42am Aug 7, 2009 8:42am
Quoting KillPhil08
GJ double top looks good. It co-inlines with the equities double topping too.
I expect a cheeky spike up before we go(on GBP/JPY), but this is near enough IMHO.
  • #156,225
  • Aug 7, 2009 8:43am Aug 7, 2009 8:43am
Quoting GlobalMacro
alright Ladies and Gents...a major SHORT SQUEEZE ensued the release of the numbers as -- if I may humbly add -- accurately anticipated by yours truely way before hand...News spike were taken to book profit & I started my favorite hobby on retrace to build longs back up...
Peace

P.S.
lol nice job bro.
But, you wanna see squeeze? Check out the dragon
Thank You
  • #156,226
  • Aug 7, 2009 8:47am Aug 7, 2009 8:47am
Quoting wormboy
lol nice job bro.
But, you wanna see squeeze? Check out the dragon
I was checking it out, major hard on..... again GBP strengthen across the board at the wrong time. Slowed GU tanking by alot as the majors esp the EUR is absolutely hammered.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #156,227
  • Aug 7, 2009 8:48am Aug 7, 2009 8:48am
Quoting wormboy
lol nice job bro.
But, you wanna see squeeze? Check out the dragon
Dragon always has to go to the extremes doesnt it?
  • #156,228
  • Aug 7, 2009 8:49am Aug 7, 2009 8:49am
Quoting direct-trade
Dragon always has to go to the extremes doesnt it?
man .. the dragon just doesn't want to give up .. it has trended 350 pips today from bottom up
  • #156,229
  • Aug 7, 2009 8:51am Aug 7, 2009 8:51am
Euro loose against Dollar, and win againt JPY. GU come back at level before FA. Bearish or bullish then?
If you resist at heart attack, you will be rich from trading.
  • #156,230
  • Aug 7, 2009 8:51am Aug 7, 2009 8:51am
Quoting mktjong
man .. the dragon just doesn't want to give up ..
GBP very strong across the board but the advance is slowing, when that happens say bye bye GU
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #156,231
  • Aug 7, 2009 8:53am Aug 7, 2009 8:53am
Quoting Bull_Bear
GBP very strong across the board but the advance is slowing, when that happens say bye bye GU
I traded Geppy short this morning after the news spike .. position still down ..
  • #156,232
  • Aug 7, 2009 8:54am Aug 7, 2009 8:54am
Quoting wormboy
lol nice job bro.
But, you wanna see squeeze? Check out the dragon
Are you shorting the dragon bro or is it a bit risky as its seems high on drugs?
You've got to be IN IT to WIN IT!
  • #156,233
  • Aug 7, 2009 8:54am Aug 7, 2009 8:54am
Quoting wormboy
lol nice job bro.
But, you wanna see squeeze? Check out the dragon
thanks bro...lol
that doesn't surprise me at all the only thing that keeping cable at bay is artificially propped up dollar. GBP is currently strong in its own right and cable will follow suit...

Now party people...let me hear you say.... SQUEEZE....LOL...
Hear the music before the song is over ...
  • #156,234
  • Aug 7, 2009 8:56am Aug 7, 2009 8:56am
Quoting mktjong
I traded Geppy short this morning after the news spike .. position still down ..
Ouch, sorry to hear mate..... my charge to the downside stops once 1.6850 hits, otherwise 1.6550....
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #156,235
  • Aug 7, 2009 9:00am Aug 7, 2009 9:00am
Quoting GlobalMacro
thanks bro...lol
that doesn't surprise me at all the only thing that keeping cable at bay is artificially propped up dollar. GBP is currently strong in its own right and cable will follow suit...

Now party people...let me hear you say.... SQUEEZE....LOL...
The Squeeze is over GM, GU will start to head south my friend.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #156,236
  • Aug 7, 2009 9:01am Aug 7, 2009 9:01am
Quoting GlobalMacro
alright Ladies and Gents...a major SHORT SQUEEZE ensued the release of the numbers as -- if I may humbly add -- accurately anticipated by yours truely way before hand...News spike were taken to book profit & I started my favorite hobby on retrace to build longs back up...
Peace

P.S.
That was great action, have done some trading both ways. so far good pips, though I have missed quite some but netted quite a good number
Make sure losses are small and profits are bigger!
  • #156,237
  • Aug 7, 2009 9:02am Aug 7, 2009 9:02am
Quoting direct-trade
Dragon always has to go to the extremes doesnt it?
lol yea, that's almost the sole reason I love trading the pair
Thank You
  • #156,238
  • Aug 7, 2009 9:03am Aug 7, 2009 9:03am
Quoting Ifty
Are you shorting the dragon bro or is it a bit risky as its seems high on drugs?
Yup, risky but not blind trading.
Here it is :
http://www.forexfactory.com/showpost...postcount=2230
Thank You
  • #156,239
  • Aug 7, 2009 9:05am Aug 7, 2009 9:05am
Quoting wormboy
Yup, risky but not blind trading.
Here it is :
http://www.forexfactory.com/showpost...postcount=2230
The news hourly earnings data is bad, consumer spending power is a lot lower .. should be bear for dragon ..hope so
  • #156,240
  • Aug 7, 2009 9:10am Aug 7, 2009 9:10am
waiting for a long scalp around 730 zone parrallel to gold, crude and S&P
what a few hours!!!
Make sure losses are small and profits are bigger!
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