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Cable Update (GBPUSD)

  • #158,321
  • Aug 17, 2009 4:18am Aug 17, 2009 4:18am
Quoting Bull_Bear
All the Better if she does, but I expect a bounce at 1.6330 level, thats not sending a buy signal by the way. Wait for the sell instead, but do not sell at this level either.
Its always interesting when different methodologies come to the same conclusion.........from my post in the VSA thread....


NP - # 1 was my sell signal, #2 the first high vol candle with a downside wick - a hammer #3 a very high vol doji #4 another doji with high vol...

I've closed all of my shorts and am taking small hit and run buys whilst waiting for a pull back to the aqua (13) ema / 6400 area where I'll consider another short. Until price stays above the 13 ema AND that ema reverses its slope to upwards the short term trend is down....
Attached Thumbnailshttp://cloud.forexfactory.com/attach...1&d=1250497169

__________________
Trading Levels with WRBs
  • #158,322
  • Aug 17, 2009 4:20am Aug 17, 2009 4:20am
Quoting nAVIN2007
dragon is flexing down..i think once she break below we are gonna break wind
Quoting Bull_Bear
She's looking mighty bearish bro.... Guess what will happen to GU when she does tank, good goodbye 1.6400 level.

Dragon won't find support till 153.20
Yup in my drunken state on Friday, Wormie eluded me to Dragon and made me analyse her and I came up with the above.

NOT like the BEER goggles wasn't doing my head already, thanks Wormie
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #158,323
  • Aug 17, 2009 4:24am Aug 17, 2009 4:24am
Quoting nAVIN2007
dragon is flexing down..i think once she break below we are gonna break wind
I love my dragon . Me made monster gains today *click*
Thank You
  • #158,324
  • Aug 17, 2009 4:26am Aug 17, 2009 4:26am
Quoting Islander
Its always interesting when different methodologies come to the same conclusion.........from my post in the VSA thread....


NP - # 1 was my sell signal, #2 the first high vol candle with a downside wick - a hammer #3 a very high vol doji #4 another doji with high vol...

I've closed all of my shorts and am taking small hit and run buys whilst waiting for a pull back to the aqua (13) ema / 6400 area where I'll consider another short. Until price stays above the 13 ema AND that ema [i]reverses its slope to upwards the short term trend...
Nice Work, only difference is that I took my sell at 1.6640. Other than that the rest seems consistent
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #158,325
  • Aug 17, 2009 4:26am Aug 17, 2009 4:26am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Talk of a major US bank sell recommendation in GBP/USD targeting 1.6000
  • #158,326
  • Aug 17, 2009 4:26am Aug 17, 2009 4:26am
Quoting Bull_Bear
Yup in my drunken state on Friday, Wormie eluded me to Dragon and made me analyse her and I came up with the above.

NOT like the BEER goggles wasn't doing my head already, thanks Wormie
bahahahahaha you're welcome!
okay catch you later bro joggingggggggg
Thank You
  • #158,327
  • Aug 17, 2009 4:29am Aug 17, 2009 4:29am
Quoting wormboy
Is that roughly translated -----------> "short cable till 5300?"
I wish it comes true for your sake bro. You crack me up. Thanks for cheering me up.
You've got to be IN IT to WIN IT!
  • #158,328
  • Aug 17, 2009 4:29am Aug 17, 2009 4:29am
Quoting ams
Talk of a major US bank sell recommendation in GBP/USD targeting 1.6000
u looking at to much stuff...all in the charts man!..this will sink
  • #158,329
  • Aug 17, 2009 4:35am Aug 17, 2009 4:35am
Quoting ams
Talk of a major US bank sell recommendation in GBP/USD targeting 1.6000
I really cannot understand your bullishness...brov...
Do you have any other perspectives...
Let Price determine your future!
  • #158,330
  • Aug 17, 2009 4:45am Aug 17, 2009 4:45am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Geppyg, weekend is over mate??? Where am I bullish?

This says that banks are expecting cable to drag until 160...on the contrary it might be for creating bearish sentiments.

UK CB is selling gilts, yeilds are down. When you put all other news together it all makes sense.




Quoting Geppyg
I really cannot understand your bullishness...brov...
Do you have any other perspectives...
  • #158,331
  • Aug 17, 2009 4:57am Aug 17, 2009 4:57am
Quoting ams
Talk of a major US bank sell recommendation in GBP/USD targeting 1.6000
AMS don't believe talks and rumors bro, believe your chart.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #158,332
  • Aug 17, 2009 4:59am Aug 17, 2009 4:59am
Quoting Bull_Bear
Nice Work, only difference is that I took my sell at 1.6640. Other than that the rest seems consistent
Thanks, my post was about shorter term trading since I got up this morning at around 5am gmt

BTW, an excellent entry from I guess last Thursday.....
Trading Levels with WRBs
  • #158,333
  • Aug 17, 2009 5:02am Aug 17, 2009 5:02am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
right attitude BB !!

Strategy is let every trade open and run fold by fold.

It's on major support, break of it would tell us where it's heading.
I don't trust these guys anyhow.
Just curious why so much fuss being generated about most of them going bearish. If you know what I mean.


ams



Quoting Bull_Bear
AMS don't believe talks and rumors bro, believe your chart.
  • #158,334
  • Aug 17, 2009 5:02am Aug 17, 2009 5:02am
Quoting Islander
Thanks, my post was about shorter term trading since I got up this morning at around 5am gmt

BTW, an excellent entry from I guess last Thursday.....
Thats right my friend, been about 4 sleeps now.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #158,335
  • Aug 17, 2009 5:14am Aug 17, 2009 5:14am
Quoting ams
right attitude BB !!

Strategy is let every trade open and run fold by fold.

It's on major support, break of it would tell us where it's heading.
I don't trust these guys anyhow.
Just curious why so much fuss being generated about most of them going bearish. If you know what I mean.


ams
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #158,336
  • Aug 17, 2009 5:21am Aug 17, 2009 5:21am
Still tanking...
My edge ===> Patience
  • #158,337
  • Aug 17, 2009 5:25am Aug 17, 2009 5:25am
Quoting Bull_Bear
Three layers of defence building up for Longs at:
1. 1.6490
2. 1.6450
3. 1.6400

4h close above the downward sloping TL and close above 1.6600, short view is aborted for reaccessement.

Top of the range 1.6600, bottom of the range 1.6490, take your pick.....

Break 1.6400 level and all hell will break loose till min of 1.6300 first TP and 1.6200 as 2nd TP.

I'm still holding my short...

See you guys on monday...
1st TP hit..... Posted on the weekend....
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #158,338
  • Aug 17, 2009 5:33am Aug 17, 2009 5:33am
Quoting Bull_Bear
1st TP hit..... Posted on the weekend....
hi bull.

where would cable land? any idea?
Enter Signature
  • #158,339
  • Aug 17, 2009 5:34am Aug 17, 2009 5:34am
Quoting Bull_Bear
1st TP hit..... Posted on the weekend....
God da.... BB i was reading your past posts, from quite a way back. You must earn a fortune with forex, you are so rarely wrong.

Great job, it is nice that there is few people to who we can trust. I am not so god at trading so help is very helpful.
I am back. Actually, I never left...
  • #158,340
  • Aug 17, 2009 5:38am Aug 17, 2009 5:38am
Quoting basitata
hi bull.

where would cable land? any idea?
You missed the bear... Well I'm looking for 1.6200 end goal, I'm just waiting for my sell order sitting at 1.6395 to hit for another sell at 1.6200 TP.
Veni, Vidi, Vici (We came, we saw, we conquered)
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