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Cable Update (GBPUSD)

  • #158,161
  • Aug 14, 2009 11:49am Aug 14, 2009 11:49am
Quoting taragula
How much it will drop on monday at the opening 40-50 pips maybe?
If DOW futures rebound strongly then it could bounce back...

weekends are horrible
  • #158,162
  • Aug 14, 2009 11:57am Aug 14, 2009 11:57am
It will bounce when everyone is tired of waiting
  • #158,163
  • Aug 14, 2009 12:02pm Aug 14, 2009 12:02pm
I closed 6506 +5p
  • #158,164
  • Aug 14, 2009 12:03pm Aug 14, 2009 12:03pm
Quoting ams
I give up dude, this is fuc**** rubbish...
I have closed my position now.

can't risk 12 lots for 10 pips... 90 is enough.
wish u luck buddy ...its definetelly got no direction..
  • #158,165
  • Aug 14, 2009 12:06pm Aug 14, 2009 12:06pm
Quoting nAVIN2007
i think it will go down...weekly pin worked..i got caught but it could in theory find support here and go up..cautious area
well i'll be damned it actually bounced at that point
  • #158,166
  • Aug 14, 2009 12:13pm Aug 14, 2009 12:13pm
Quoting nAVIN2007
well i'll be damned it actually bounced at that point
yes i got stopped as i thought at 04, but satisfied with my short

out now til monday when i think the DOW goes up..


ok, off to fire my machine gun on the mountain - and the fantasy target ?

http://www.jamesbarlow.co.uk/topics/food
  • #158,167
  • Aug 14, 2009 12:24pm Aug 14, 2009 12:24pm
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
I have not seen cable not touching support and rushing backup despite dow 130 points down in a long time. If I remeber correctly few months ago when it was ready for trending.

This was consolidation given dow is now 9xxx level. Only down 1.2% despite lots of bad news from last 2 days.

Seems trend is strongly UP folks. I have infact placed long now. let's see what happens.


Good luck to you!!



Quoting allserene
yes i got stopped as i thought at 04, but satisfied with my short

out now til monday when i think the DOW goes up..


ok, off to fire my machine gun on the mountain - and the fantasy target ?

http://www.jamesbarlow.co.uk/topics/food
  • #158,168
  • Aug 14, 2009 12:29pm Aug 14, 2009 12:29pm
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
right Nav, I had doubts with PA acting crazy from 5 hrs and not touching support, it is now confirmed anyhow.


Quoting nAVIN2007
well i'll be damned it actually bounced at that point
  • #158,169
  • Aug 14, 2009 12:59pm Aug 14, 2009 12:59pm
Quoting ams
right Nav, I had doubts with PA acting crazy from 5 hrs and not touching support, it is now confirmed anyhow.
as a trader who likes to hold positions..and not having time to be by the pc cause of work i do agree..it seems like it can almost bounce anywhere and is becoming an absolute nightmare to trade

a bigger perpective of whats happening
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  • #158,170
  • Aug 14, 2009 1:07pm Aug 14, 2009 1:07pm
me hit my target 495
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  • #158,171
  • Aug 14, 2009 1:13pm Aug 14, 2009 1:13pm
Quoting nAVIN2007
as a trader who likes to hold positions..and not having time to be by the pc cause of work i do agree..it seems like it can almost bounce anywhere and is becoming an absolute nightmare to trade

a bigger perpective of whats happening
have nice weeken nAVIN cya next week with your analysis and live trade calls ;D
  • #158,172
  • Aug 14, 2009 1:55pm Aug 14, 2009 1:55pm
What about that close! Been a fun day!!!
  • #158,173
  • Aug 14, 2009 2:03pm Aug 14, 2009 2:03pm
Quoting Angelina
have nice weeken nAVIN cya next week with your analysis and live trade calls ;D
thank u..dont look to deep into my analsis thou...i wouldnt want for u to lose money..
  • #158,174
  • Aug 14, 2009 2:17pm Aug 14, 2009 2:17pm
Any good trader plz guide me is it head & shoulder or not ?

I have long position if it is head and shoulder i will close then

plz i need confirmation
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  • #158,175
  • Aug 14, 2009 2:31pm Aug 14, 2009 2:31pm
hi all
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  • #158,176
  • Edited 2:51pm Aug 14, 2009 2:39pm | Edited 2:51pm
Trend is still in tact looking to see if close is above 50% of break out candle to judge strength of reversal set up.

50% of break out candle real body=1.6579
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #158,177
  • Aug 14, 2009 2:56pm Aug 14, 2009 2:56pm
No, no head and shoulder there

Quoting pakitrader
Any good trader plz guide me is it head & shoulder or not ?

I have long position if it is head and shoulder i will close then

plz i need confirmation
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #158,178
  • Aug 14, 2009 2:57pm Aug 14, 2009 2:57pm
head and shoulder is a top formation
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #158,179
  • Aug 14, 2009 5:22pm Aug 14, 2009 5:22pm
Quoting Bull_Bear
I'm bored short EUR @ 1.4290 .... SL 1.4360.... TP....1.4200
Quoting Bull_Bear
Here's my last post till Drinking friday...

1.6600 is obvious to short if any takers that missed the boat.

Short entered @ 1.6640 SL 1.6750... TP 1.6300

Morning guys,

Had to turn in early last night cos trading with BEER goggles is tough on the mind, let alone trying to analyse charts.

Green pips for those that caught the above. EUR target achieve, GBP yet to play out.

My weekend celebration continues.

Enjoy your weekend everyone.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #158,180
  • Aug 14, 2009 9:01pm Aug 14, 2009 9:01pm
1. Daily syampoo formation????
2. Daily look going to 1.6480 test before bearish continuition...
3.Just nice close below my H4 23.6% but its look like going to visit up move ~ 1.6580-1.6600 area?? So 1.6611 should not break and hold above it in order to get bearish continuition??
4. H1&H4 speak the same as per item 3 as possible visit 1.6560/80/1.6600
5. M15..mmm..open gap up ~ 20-30pips...

Let see how Monday open ya.......

Good luck to all and hapy weekend
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