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Cable Update (GBPUSD)

  • #158,281
  • Aug 17, 2009 2:42am Aug 17, 2009 2:42am
Quoting Ilovefx
Two supports line under pivot point was broken at this bearish beguinning of the week! PP: 1.6542 S1 1.6476 (BROKEN) S2 1.6414 (BROKEN) S3 1.6348 (NOT YET).
Third support line is broken! Where are we going?
If you resist at heart attack, you will be rich from trading.
  • #158,282
  • Aug 17, 2009 2:53am Aug 17, 2009 2:53am
Good morning all (afternoon to friends in Asia),

Not a bad read....

http://www.bloomberg.com/apps/news?p...d=aY.WFW.AgaVY
  • #158,283
  • Aug 17, 2009 2:56am Aug 17, 2009 2:56am
Quoting junto
Hi WB,

r we still goin south till 6350?

or bounce up abit to 6480?
hi junto.

sorry for the late reply. Here's what I'm looking at:http://www.forexfactory.com/showpost...postcount=2413
Have a good one
Thank You
  • #158,284
  • Aug 17, 2009 2:57am Aug 17, 2009 2:57am
Quoting Ilovefx
Third support line is broken! Where are we going?
Any 4th support line after the 3rd broken?
  • #158,285
  • Aug 17, 2009 3:00am Aug 17, 2009 3:00am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
It's all sentiments..making sure everybody shorts, and when they are in it, it might go UP. Markets ain't gonna let everyone money have that easy, innit !!





Quoting gammase1
Good morning all (afternoon to friends in Asia),

Not a bad read....

http://www.bloomberg.com/apps/news?p...d=aY.WFW.AgaVY
  • #158,286
  • Aug 17, 2009 3:01am Aug 17, 2009 3:01am
Quoting wormboy
hi junto.

sorry for the late reply. Here's what I'm looking at:http://www.forexfactory.com/showpost...postcount=2413
Have a good one

hi WB,

thx alot bro.

happy trading!
  • #158,287
  • Aug 17, 2009 3:02am Aug 17, 2009 3:02am
Quoting nAVIN2007
damn yur a money making machine
fantastic is that a demo or real account?
real account bro. I dont trade demo account
  • #158,288
  • Aug 17, 2009 3:04am Aug 17, 2009 3:04am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Hey WB, your patience rewarded finally, and much more I guess, lol. I chickened out and closed short position , went long on Friday @64900 and closed it again for 50 pips @65400.

Now I'll short on retrace, if it happens. It will , I am sure news will be good and suckers will drive it UP further. Else it's a doomsday for sterling today :-)
  • #158,289
  • Aug 17, 2009 3:06am Aug 17, 2009 3:06am
Quoting ams
It's all sentiments..making sure everybody shorts, and when they are in it, it might go UP. Markets ain't gonna let everyone money have that easy, innit !!
Sorry, but what on earth are you talking about? On second thoughts, please don't bother to answer that.

Listen, not everything is a big conspiracy out to get the little guy.
  • #158,290
  • Aug 17, 2009 3:09am Aug 17, 2009 3:09am
Quoting ams
Hey WB, your patience rewarded finally, and much more I guess, lol. I chickened out and closed short position , went long on Friday @64900 and closed it again for 50 pips @65400.

Now I'll short on retrace, if it happens. It will , I am sure news will be good and suckers will drive it UP further. Else it's a doomsday for sterling today :-)
Thanks ams
When she retrace, we'll be ready to load larger. Tho, it doesn't look like happening anytime soon if that H4 H&S neckline blows. 6165 please

Good luck to you
Thank You
  • #158,291
  • Aug 17, 2009 3:13am Aug 17, 2009 3:13am
Quoting direct-trade
TP 1 at 16640 was hit, Break Even SL at 16480 hit.

Trading GBP/JPY and USD/JPY at the moment.

Holding short GBP/JPY 162 area, USD/JPY Short from 97 area. Both doing nicely, will find old posts and charts refering to those trades and post later.

Happy trading
Do u see any good trade to enter right now with tight stop ?
  • #158,292
  • Aug 17, 2009 3:13am Aug 17, 2009 3:13am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
I generally avoid answering your "sentiments anyways".
Your analysis don't make sense to me and you do nothing apart from arguing and publishing stuff from internet.
Have you made calls where the PA will go and what consequences any fundamental news might have??

If yes, I have not seen recently. So it's useless to me.

Little guys, banks like BNP going bearish, and you call yourself fundamentalist, ha!!!

Jesus...





Quoting gammase1
Sorry, but what on earth are you talking about? On second thoughts, please don't bother to answer that.

Listen, not everything is a big conspiracy out to get the little guy.
  • #158,293
  • Aug 17, 2009 3:17am Aug 17, 2009 3:17am
Quoting gammase1
Sorry, but what on earth are you talking about? On second thoughts, please don't bother to answer that.

Listen, not everything is a big conspiracy out to get the little guy.
Hi paul

How's it going brother. Have you seen that guy bob? Think I'd give him that loan now lol.
We selling large today?
Thank You
  • #158,294
  • Aug 17, 2009 3:23am Aug 17, 2009 3:23am
Beware the news today. I treat all moves such as this morning before major a news release as:

a. Traders closing positions/profit taking
b. Manovering/manipulation to achieve better entry prices.

European Trade balance in 40 mins, expect a sustained move in either direction. Empire release this PM will also shake a few out.

I am standing aside until I see a good R/R setup, I could be waiting a while.

Happy trading to you.
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  • #158,295
  • Aug 17, 2009 3:24am Aug 17, 2009 3:24am
Quoting ams
I generally avoid answering your "sentiments anyways".
Your analysis don't make sense to me and you do nothing apart from arguing and publishing stuff from internet.
Have you made calls where the PA will go and what consequences any fundamental news might have??

If yes, I have not seen recently. So it's useless to me.

Little guys, banks like BNP going bearish, and you call yourself fundamentalist, ha!!!

Jesus...
I never have called myself a fundamentalist. All my analysis is my own, not taken from the internet. If anything is from the internet, I will simply paste the link. Don't worry, I wouldn't expect you to be able to understand my thoughts and analysis.

Btw... Good work on closing the long out at 6540 .... Weren't you were short until late afternoon in NY and then switched to long very late in day, but still managed to get a market-beating price?? Whatever, congratulations either way...
  • #158,296
  • Aug 17, 2009 3:25am Aug 17, 2009 3:25am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
couldn't agree more.
Dow futures down 160 points..man for the interim, my targets are 62200 and 60500 ...

I still would like to see some retracement for a safe bet. May be news can help to 64200.

As you said, and I doubt it very much.





Quoting wormboy
Thanks ams
When she retrace, we'll be ready to load larger. Tho, it doesn't look like happening anytime soon if that H4 H&S neckline blows. 6165 please

Good luck to you
  • #158,297
  • Aug 17, 2009 3:30am Aug 17, 2009 3:30am
Quoting pakitrader
Do u see any good trade to enter right now with tight stop ?
I would seriously wait until after the European Trade Balance in 35 minutes before looking at entering a position.

I am already short GBP/JPY and USD/JPY from near the highs, so dont feel I need to jump on cable just yet after my cable position was stopped out at BE (TP 1 hit though).

I will not be entering cable around this price (16330) as I think we could see bounce to 16450/80 area later.

When I dont like the Price Action I dont enter. At the moment I don't like the Price Action.
  • #158,298
  • Aug 17, 2009 3:30am Aug 17, 2009 3:30am
Quoting wormboy
Hi paul

How's it going brother. Have you seen that guy bob? Think I'd give him that loan now lol.
We selling large today?
Hey Azim,

I messed up on Friday, through not taking a good sell signal on cable, given by my 1h momentum system (comprising of 3 EMAs, nothing complex). I also closed my FTSE shorts out late on Friday, after the S&P 500 showed a resilience going into the finish and then ended the session above 1,000.

So it was a slight case of chasing the market this morning. But finally, we get something resembling a corrective move in equities and risk assets.
  • #158,299
  • Aug 17, 2009 3:31am Aug 17, 2009 3:31am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Paul, you are a mystery and like marmite on granary to me, either someone loves you or hates you, lol.
I sometimes love you (when you are thin spread) and sometimes hate you (when thick spread) !!
People like us will always be arguing and showing our silliness. I hope there is a time when we are on the same page. That will be a good one to see!




Quoting gammase1
I never have called myself a fundamentalist. All my analysis is my own, not taken from the internet. If anything is from the internet, I will simply paste the link. Don't worry, I wouldn't expect you to be able to understand my thoughts and analysis.

Btw... Good work on closing the long out at 6540 .... Weren't you were short until late afternoon in NY and then switched to long very late in day, but still managed to get a market?? Whatever, congratulations either way...
  • #158,300
  • Aug 17, 2009 3:33am Aug 17, 2009 3:33am
Hey fellas, wots doing?
Veni, Vidi, Vici (We came, we saw, we conquered)
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