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Cable Update (GBPUSD)

  • #157,641
  • Aug 13, 2009 7:38am Aug 13, 2009 7:38am
Bad US data, normally cable would go up - but I've seen strange things happen with Bad US Data - Holding my long for now though...
May the forex be with you |
  • #157,642
  • Aug 13, 2009 7:39am Aug 13, 2009 7:39am
Quoting wormboy
Same chart different day:
http://www.forexfactory.com/showpost...postcount=2321

btw, notice how I pull the green arrow as far as the eyes can see? That's because I'm long now
Check the chart...
Attached Image (click to enlarge)
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  • #157,643
  • Aug 13, 2009 7:41am Aug 13, 2009 7:41am
Quoting FXFundi
Bad US data, normally cable would go up - but I've seen strange things happen with Bad US Data - Holding my long for now though...
how can the cable go up with bad us data, risk is off when bad data comes out so they go to usd safety
  • #157,644
  • Aug 13, 2009 7:43am Aug 13, 2009 7:43am
Holy smokes

17,870 Traders Online

First time I've seen that many online.

Ok, who's piling up their longs for 1.68 target
PM Me If You Need Help!
  • #157,645
  • Aug 13, 2009 7:44am Aug 13, 2009 7:44am
2 charts, August 11, Cable 4hr, and current 4hr. Target zone reached.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU811.JPG Size: 90 KB
Click to Enlarge Name: gu813.JPG Size: 71 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #157,646
  • Aug 13, 2009 7:45am Aug 13, 2009 7:45am
cable going down on data coz she wants to take out stops who made longs.

Move will be up ultimate but before it few stop eating by cable
  • #157,647
  • Aug 13, 2009 7:47am Aug 13, 2009 7:47am
Quoting Bull_Bear
Wormie nice work on your Dragon Bro
damn news
Thank You
  • #157,648
  • Aug 13, 2009 7:47am Aug 13, 2009 7:47am
Quoting pakitrader
cable going down on data coz she wants to take out stops who made longs.

Move will be up ultimate but before it few stop eating by cable
all datas are negetive so i am sure in few hours it will go up again and will surprise all of us till tomrrow closing |


Ub
  • #157,649
  • Aug 13, 2009 7:48am Aug 13, 2009 7:48am
Maria....how many hundred pips????

http://www.forexfactory.com/showpost...stcount=157542

http://www.forexfactory.com/showpost...stcount=157543
  • #157,650
  • Aug 13, 2009 7:48am Aug 13, 2009 7:48am
Quoting Abuawad
Check the chart...
that's not a H&S formation.
Thank You
  • #157,651
  • Aug 13, 2009 7:49am Aug 13, 2009 7:49am
Quoting wormboy
damn news
you aren't going long again bro???


Ub
  • #157,652
  • Aug 13, 2009 7:49am Aug 13, 2009 7:49am
Quoting skerdi-meta
how can the cable go up with bad us data, risk is off when bad data comes out so they go to usd safety
If unemployment data is worse than expected, then normally this bad for currency and it will depreciate. But I've learnt with the GU - Buy the good news and Sell the bad news....
May the forex be with you |
  • #157,653
  • Aug 13, 2009 7:49am Aug 13, 2009 7:49am
Quoting wormboy
that's not a H&S formation.
agreed
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #157,654
  • Edited Aug 14, 2009 9:51am Aug 13, 2009 7:49am | Edited Aug 14, 2009 9:51am
Looks like my crystal ball, could be on the ball. (pic taken on 7th august)
Attached Image (click to enlarge)
Click to Enlarge Name: handstopforming.gif Size: 30 KB
PM Me If You Need Help!
  • #157,655
  • Aug 13, 2009 7:50am Aug 13, 2009 7:50am
Quoting wormboy
damn news
I thought you short Dragon?

Am sitting sweet with my 1.6640 short now...... More BEERS
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #157,656
  • Aug 13, 2009 7:52am Aug 13, 2009 7:52am
Quoting ubaidahsan
you aren't going long again bro???


Ub
nahh .. my trade's safe. Not taken out yet anyway:
http://www.forexfactory.com/showpost...postcount=2361
Thank You
  • #157,657
  • Aug 13, 2009 7:52am Aug 13, 2009 7:52am
How'd ya work that out? It has two shoulders and a head.

What you call it then?

Quoting wormboy
that's not a H&S formation.
PM Me If You Need Help!
  • #157,658
  • Aug 13, 2009 7:53am Aug 13, 2009 7:53am
I believe we will see one more run @ topside before a directional change, but I'm sitting small on the short side as of current.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #157,659
  • Aug 13, 2009 7:53am Aug 13, 2009 7:53am
Quoting Bull_Bear
I thought you short Dragon?

Am sitting sweet with my 1.6640 short now...... More BEERS
nope, I'm long dragon too lol
Thank You
  • #157,660
  • Aug 13, 2009 7:54am Aug 13, 2009 7:54am
Quoting wormboy
damn news
i used to be very very well known with this kind of news....that is why i never trust them....just tade as what i see in my chart
Attached Image (click to enlarge)
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