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Cable Update (GBPUSD)

  • #156,641
  • Aug 10, 2009 8:47am Aug 10, 2009 8:47am
Quoting Geppyg
They show there confidence after moves....matey..thats all that why I dont even come on here that often now...

Nene was banging on about bullish this and that...
Not laughing now....
Where is 7500 lol thats what I want to know matey
remember conversation on skype yesterday ... just under 1.6600 then push up 200 pip , then down . This top is forming Just like the one in nov 07 except that right now just sellers on gu . ...

I am to scared to take the long. I will just wait for short .....
Blogging daily now at www.volume.zone
  • #156,642
  • Aug 10, 2009 8:48am Aug 10, 2009 8:48am
Quoting wormboy
Okay cun
  • #156,643
  • Aug 10, 2009 8:49am Aug 10, 2009 8:49am
Quoting Geppyg
They show there confidence after moves....matey..thats all that why I dont even come on here that often now...

Nene was banging on about bullish this and that...
Not laughing now....
Where is 7500 lol thats what I want to know matey
Well I have no confidence in any direction at the moment, so I am going call it a day and get on with something else.

Just no feeling it today. Too thin for me.
  • #156,644
  • Aug 10, 2009 8:50am Aug 10, 2009 8:50am
cable is 20 pips away from completing its daily range and this also falls right on top of 1.6550-35 area. I`d be very cautious for any further bear moves. Weekly setup supports this downside move since the weekly pinbar was broken to the downside. However I still remember what happened last time we had such setup. Also as I added I dont see a lot of volume participating so far. Now, I am not a convinced bull just yet but I would have liked to see a more pronounced vertical downmove. Juuuuust a heads up
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #156,645
  • Aug 10, 2009 8:51am Aug 10, 2009 8:51am
Quoting Geppyg
They show there confidence after moves....matey..thats all that why I dont even come on here that often now...

Nene was banging on about bullish this and that...
Not laughing now....
Where is 7500 lol thats what I want to know matey



We're back almost at the same level where the upmove started last week. And guess what, we now in that damn range we had for 2 months lol.
Hope your trading is going good bro
Thank You
  • #156,646
  • Aug 10, 2009 8:52am Aug 10, 2009 8:52am
Quoting geppyg
they show there confidence after moves....matey..thats all that why i dont even come on here that often now...

Nene was banging on about bullish this and that...
Not laughing now....
Where is 7500 lol thats what i want to know matey
hey geppyg
howz u mate
n howz trades ?
  • #156,647
  • Aug 10, 2009 8:52am Aug 10, 2009 8:52am
Quoting malcolmb14

I am to scared to take the long. I will just wait for short .....
stay in the trunk mal! lol
Thank You
  • #156,648
  • Aug 10, 2009 8:54am Aug 10, 2009 8:54am
Quoting djambazov84
cable is 20 pips away from completing its daily range and this also falls right on top of 1.6550-35 area. I`d be very cautious for any further bear moves. Weekly setup supports this downside move since the weekly pinbar was broken to the downside. However I still remember what happened last time we had such setup. Also as I added I dont see a lot of volume participating so far. Now, I am not a convinced bull just yet but I would have liked to see a more pronounced vertical downmove. Juuuuust a heads up

daily nov 07.....

weekly doji same.....same as last week ... not sure why everyone calling 7500 , even my 12 year old said the pattern was the same

Attached Image (click to enlarge)
Click to Enlarge Name: chart213.png Size: 223 KB
Blogging daily now at www.volume.zone
  • #156,649
  • Aug 10, 2009 8:54am Aug 10, 2009 8:54am
Quoting wormboy
Okay cun
heheheh.......dah sampai lantai beb....quit...quit...
ready when GU make break out....1.6740

but if......lower then 1.6539, --------> 1.6250
  • #156,650
  • Aug 10, 2009 8:54am Aug 10, 2009 8:54am
Quoting wormboy
stay in the trunk mal! lol

so, Azim : can go long from here ke?

F
  • #156,651
  • Aug 10, 2009 8:56am Aug 10, 2009 8:56am
Quoting wormboy
stay in the trunk mal! lol
I am still short swing ... target 1.5000 and been scalping along the way on the short side only for now
Blogging daily now at www.volume.zone
  • #156,652
  • Aug 10, 2009 8:56am Aug 10, 2009 8:56am
Quoting malcolmb14
remember conversation on skype yesterday ... just under 1.6600 then push up 200 pip , then down . This top is forming Just like the one in nov 07 except that right now just sellers on gu . ...

I am to scared to take the long. I will just wait for short .....
Spot on ..dont think it wants to go up 200 pips now mate...lol
Cant see any buyers coming in just like you said...

Nice one matey
Let Price determine your future!
  • #156,653
  • Aug 10, 2009 8:58am Aug 10, 2009 8:58am
Quoting malcolmb14
daily nov 07.....

weekly doji same.....same as last week ... not sure why everyone calling 7500 , even my 12 year old said the pattern was the same

Attachment
that is EXACTLY the setup I am expecting to see. Dont wanna long yet I want to see whether we manage to bruise 1.6550 IF at all price gets there. I just saw a volume spike on the 5min doji @ 1.6555. Still not convincing though, Would like to see a W shaped bottom around here somewhere, justified by VSA.
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #156,654
  • Aug 10, 2009 9:01am Aug 10, 2009 9:01am
Quoting iskk_1
heheheh.......dah sampai lantai beb....quit...quit...
ready when GU make break out....1.6740

but if......lower then 1.6539, --------> 1.6250
lantai mane bang???
  • #156,655
  • Aug 10, 2009 9:10am Aug 10, 2009 9:10am
Quoting iskk_1
heheheh.......dah sampai lantai beb....quit...quit...
ready when GU make break out....1.6740

but if......lower then 1.6539, --------> 1.6250

It's okay. I'm trailing my position, I'll let my stop be my exit
Thank You
  • #156,656
  • Aug 10, 2009 9:11am Aug 10, 2009 9:11am
Quoting malcolmb14
I am still short swing ... target 1.5000 and been scalping along the way on the short side only for now
1.5000 for a month or this week???
  • #156,657
  • Aug 10, 2009 9:17am Aug 10, 2009 9:17am
Quoting francish
so, Azim : can go long from here ke?

F
Hi Francis. I don't see reversal pattern for me to go long. Not yet anyway.
But I suppose it depends on how you trade, scalpers may see small 20-30 pips pullback on lower timeframes, not how I roll so I can't comment on those.
Anyway, my H4 closes in about an hour. If the formation stays the way it is right now, I won't be in a hurry to go long.
Attached Image (click to enlarge)
Click to Enlarge Name: guh4.JPG Size: 85 KB
Thank You
  • #156,658
  • Aug 10, 2009 9:17am Aug 10, 2009 9:17am
Quoting ubaidahsan
1.5000 for a month or this week???
about a month out . I expect to see 6200 this week
Blogging daily now at www.volume.zone
  • #156,659
  • Aug 10, 2009 9:18am Aug 10, 2009 9:18am
Quoting malcolmb14
I am still short swing ... target 1.5000 and been scalping along the way on the short side only for now
5000?? wooohooo I'm not crazy!
Thank You
  • #156,660
  • Aug 10, 2009 9:23am Aug 10, 2009 9:23am
Quoting wormboy
5000?? wooohooo I'm not crazy!
you can jump out our car anytime . The trunk is getting cramped ....

look weekly ....

last time this pattern happened 2000 then another 1000 (after 1000 small up move then 3500)

seems to obvious maybe

nov 07 top ..go study it
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