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Cable Update (GBPUSD)

  • #156,241
  • Aug 7, 2009 9:12am Aug 7, 2009 9:12am
Quoting Bull_Bear
The Squeeze is over GM, GU will start to head south my friend.
BB I doubt it strongly bro...unless there's a red news hidden somewhere or a huge surprise it won't...after that squeeze a lot of accts just got blown into smithereens...anyway I'm flat on all my positions now.
Hear the music before the song is over ...
  • #156,242
  • Aug 7, 2009 9:14am Aug 7, 2009 9:14am
can any one tell what should be the t/p for short ......................
  • #156,243
  • Aug 7, 2009 9:16am Aug 7, 2009 9:16am
Quoting wormboy
lol nice job bro.
But, you wanna see squeeze? Check out the dragon
Right Wormy,

sold my dragon @ 162.36 with ~200 pips. It's enough. If he gets wild better step down. He can damn tear your the nerves.
There are three kind of lies: lies, damned lies and statistics.
  • #156,244
  • Aug 7, 2009 9:16am Aug 7, 2009 9:16am
Quoting GlobalMacro
BB I doubt it strongly bro...unless there's a red news hidden somewhere or a huge surprise it won't...after that squeeze a lot of accts just got blown into smithereens...
Just trying to keep you drinking beer bro ....
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #156,245
  • Aug 7, 2009 9:17am Aug 7, 2009 9:17am
Quoting zameer
can any one tell what should be the t/p for short ......................
what price you get in short ? 6800 i hope


high vol pivot 5 days ago right here , no selling pressure , if s &p finds support 1000 , GU may move back up to 6775 / 6800 zone , although price action seems to be mostly sellers on rallies
Blogging daily now at www.volume.zone
  • #156,246
  • Aug 7, 2009 9:20am Aug 7, 2009 9:20am
Quoting zameer
can any one tell what should be the t/p for short ......................
shorts should never be longer then your legs, as they would no longer be shorts.
I take profit at the slowdon of the momentum, in the direction of the short scalp or a long scalp. There are different targets, the meat of the move 10 -15 pips, the rest is a good bonus atm on this pair, that is for scalping.
Otherwise for a longer trades, is the combination of fibs, PA , S/R and a few filters likw Starc Bands on H4
Make sure losses are small and profits are bigger!
  • #156,247
  • Aug 7, 2009 9:23am Aug 7, 2009 9:23am
That was quite a wiplash on the news

Glad I didnt have a stop loss on

I either dont have a position through the news, or make sure its small with no s/l

Looks like a V shape recovery to me - that doesnt make sense but all the indicators are good

Perhaps it might be a W shaped recovery and we are in the middle

Perhaps there isn't a letter shape for what will happen
  • #156,248
  • Aug 7, 2009 9:25am Aug 7, 2009 9:25am
Quoting allserene
That was quite a wiplash on the news

Glad I didnt have a stop loss on

I either dont have a position through the news, or make sure its small with no s/l

Looks like a V shape recovery to me - that doesnt make sense but all the indicators are good

Perhaps it might be a W shaped recovery and we are in the middle

Perhaps there isn't a letter shape for what will happen
What recovery?
Make sure losses are small and profits are bigger!
  • #156,249
  • Aug 7, 2009 9:27am Aug 7, 2009 9:27am
Thanks to bull bear , wormie , dt for keep updating and helping out ... I am almost done for the week 450 pips..
Have a nice week end
  • #156,250
  • Aug 7, 2009 9:27am Aug 7, 2009 9:27am
Quoting allserene
That was quite a wiplash on the news

Glad I didnt have a stop loss on

I either dont have a position through the news, or make sure its small with no s/l

Looks like a V shape recovery to me - that doesnt make sense but all the indicators are good

Perhaps it might be a W shaped recovery and we are in the middle

Perhaps there isn't a letter shape for what will happen
According to Soros, the shape is a square root flipped.
  • #156,251
  • Aug 7, 2009 9:28am Aug 7, 2009 9:28am
Quoting GlobalMacro
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
alright...party's over now....was real fun...now time to get real drunk..hehehe..
All Positions closed with handsome profits.
FLAT over the weekend.

P.ADVISORY: Please don't try this at home!
Hear the music before the song is over ...
  • #156,252
  • Aug 7, 2009 9:29am Aug 7, 2009 9:29am
Quoting Faryad
Thanks to bull bear , wormie , dt for keep updating and helping out ... I am almost done for the week 450 pips..
Have a nice week end
well done mate
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #156,253
  • Aug 7, 2009 9:29am Aug 7, 2009 9:29am
Quoting 2be
What recovery?
This "green shoots" must be a quality "grass". when burned it will give Chineese a spinning head fo decades to come. Here this "grass" is a forbidden crop, but graciously MR OB has taken a good lead in cultivating it. (meant as a joke)
Make sure losses are small and profits are bigger!
  • #156,254
  • Aug 7, 2009 9:30am Aug 7, 2009 9:30am
Quoting 2be
What recovery?
it is called the goldman sachs recovery . They said that nfp was going to be 250 k last night. Think that the feds gave them that OR they told the feds what numbers to put out there ?
Blogging daily now at www.volume.zone
  • #156,255
  • Aug 7, 2009 9:30am Aug 7, 2009 9:30am
Quoting Faryad
Thanks to bull bear , wormie , dt for keep updating and helping out ... I am almost done for the week 450 pips..
Have a nice week end
Congrats to you sir! Keep them comming in.
Make sure losses are small and profits are bigger!
  • #156,256
  • Aug 7, 2009 9:31am Aug 7, 2009 9:31am
Quoting GlobalMacro
alright...party's over now....was real fun...now time to get real drunk..hehehe..
All Positions closed with handsome profits.
FLAT over the weekend.

P.ADVISORY: Please don't try this at home!
Cheers GM, taste dame good.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #156,257
  • Aug 7, 2009 9:33am Aug 7, 2009 9:33am
Quoting malcolmb14
it is called the goldman sachs recovery . They said that nfp was going to be 250 k last night. Think that the feds gave them that OR they told the feds what numbers to put out there ?
Yes, the Fed gave them that "top secret" number, which, instead of keeping to themselves and positioning themselves aggressively ahead of the market , they (GS) released the information pre the release as a revised forecast.

Nah, that doesn't make much sense to me...
  • #156,258
  • Aug 7, 2009 9:33am Aug 7, 2009 9:33am
Quoting Bull_Bear
Just trying to keep you drinking beer bro ....
I know bro......NFP was all I wanted to play since last night and am all flat over the weekend...the beers oughtta be cold enough by now...
Hear the music before the song is over ...
  • #156,259
  • Aug 7, 2009 9:33am Aug 7, 2009 9:33am
Quoting 2be
What recovery?
'Not much worse' is the new 'good' ...

Doesn't do it for me either
  • #156,260
  • Aug 7, 2009 9:34am Aug 7, 2009 9:34am
Ok guys, i'm done for this week. See ya next week. Market going to dead in a few hours as usual before its closed.

Happy Pippin! Cheers!
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
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