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Cable Update (GBPUSD)

  • #158,341
  • Aug 17, 2009 5:47am Aug 17, 2009 5:47am
Quoting taragula
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.
Nah, just enough for BEER money

I have my fair share of wrong trades too. I'm just the average trader my friend... look'n for BEER money.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #158,342
  • Aug 17, 2009 5:56am Aug 17, 2009 5:56am
Quoting Bull_Bear
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.
Hi @ bull bear and @all!
I just registered as a member( although i have been observing things as a guset for a long time!) and i have come to find out that this is a wonderful place for traders to be. @Bull bear-i can see that you have been doing a good job! Weldone bro(or is is a sista?).please keep the good work up!
  • #158,343
  • Aug 17, 2009 5:57am Aug 17, 2009 5:57am
Quoting Bull_Bear
Nah, just enough for BEER money

I have my fair share of wrong trades too. I'm just the average trader my friend... look'n for BEER money.
dont sell yourself short man!..thats what cable is for

looks like its all about selling positions now...retracement high is in on weekly
  • #158,344
  • Aug 17, 2009 5:57am Aug 17, 2009 5:57am
Between 6279-6212 there are 5 fibs being 61.8% 5797-7044, 23.6% 3642-7044, 23.6% 3505-7044, 76.4% 6031-7044, and 76.4% 5980-7044. There is also a previous 4hr swing lo+previous support=portential support zone down to 6260 and of course the daily ascending potential support trend line joining the lows of 8th june with those around 8th-13th july.

Price has already found some support here off a current 6272 intraday low and price is extended outside it's average daily pip range, currently hi-lo 243 -vs- 165 average.

We may see an intraday base in this potential support zone mentioned above before any reumption of downtrend, although reaction to U.s data due later may have a hand in fothcoming price action.

A break of this potential support zoneshould see the bears targetting 60000 area, 6035-5985 being a previous swing low=previous support=potential support zone on the daily t/f .

Trend is down to the 4hr chart and macd signal lines are crossed down/pointing down from 5min-Weekly t/f. Intraday and the story is one of selling pressure in the pairing.

Time will tell.

G/L
ex member
  • #158,345
  • Aug 17, 2009 5:58am Aug 17, 2009 5:58am
Quoting Bull_Bear
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.
good day bro, yeah i missed the train ...... coz trapped in the meeting

thanks for your support..

good luck.
Enter Signature
  • #158,346
  • Aug 17, 2009 6:01am Aug 17, 2009 6:01am
Quoting Bull_Bear
Nah, just enough for BEER money

I have my fair share of wrong trades too. I'm just the average trader my friend... look'n for BEER money.

Its not so much the cost of the beer, but WHERE you drink it - and with WHOM.........
Trading Levels with WRBs
  • #158,347
  • Aug 17, 2009 6:09am Aug 17, 2009 6:09am
Quoting nAVIN2007
dont sell yourself short man!..thats what cable is for

looks like its all about selling positions now...retracement high is in on weekly
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #158,348
  • Aug 17, 2009 6:12am Aug 17, 2009 6:12am
Quoting basitata
good day bro, yeah i missed the train ...... coz trapped in the meeting

thanks for your support..

good luck.

I was talking abt my name you missed the bear.... not to mean you missed the bear trade.....
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #158,349
  • Aug 17, 2009 6:18am Aug 17, 2009 6:18am
I made some 60 pips in Asain session but target go hit at 1.64

This retrace now creates new opportunity for a short to 1.6220?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 4h 17.08.09.gif Size: 29 KB
  • #158,350
  • Aug 17, 2009 6:20am Aug 17, 2009 6:20am
Quoting Bull_Bear
I was talking abt my name you missed the bear.... not to mean you missed the bear trade.....
Name? Let's see.........that's Bull_BEER isn't it? ....
Ghost Rider - WWTBMD?
  • #158,351
  • Aug 17, 2009 6:22am Aug 17, 2009 6:22am
Quoting albchr
Name? Let's see.........that's Bull_BEER isn't it? ....
Hey buddy how you going? Did you catch the ride?
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #158,352
  • Aug 17, 2009 6:28am Aug 17, 2009 6:28am
Quoting Bull_Bear
I was talking abt my name you missed the bear.... not to mean you missed the bear trade.....
bull is also there dude...
Enter Signature
  • #158,353
  • Aug 17, 2009 6:29am Aug 17, 2009 6:29am
Quoting Bull_Bear
Hey buddy how you going? Did you catch the ride?
I'm doing OK my freind all things considered. I haven't been doing any trading with the move and all. Today was the first time I've been able to look at the charts since 1-1/2 weeks ago. I'm easing back into focus and I'm holding a very small short locked at BE +2 atm.

I'm about halfway through the move now. Moving all this stuff when I could walk was tough enough. A bit more of a challange now but I'm getting through it. The really COOL thing buddy is now I can trade like I should, one brick at a time....
Ghost Rider - WWTBMD?
  • #158,354
  • Aug 17, 2009 6:29am Aug 17, 2009 6:29am
I think it is to buy.
6280 give support.
  • #158,355
  • Aug 17, 2009 6:30am Aug 17, 2009 6:30am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
I hope it does the retrace to 6400-64200 so I can enter, by whatever means news etc :-)

I must admit on friday I was surprised. It took whole day for cable to go down 100 pips but 15 minutes to come backup 65 pips(64800 to 64450)...

I was skeptical at one point.

It's defintely going down. When, now that's all about patience.





Quoting biz0101
i would wait for a better entry point, as it seems it hasn't finished retracing.
  • #158,356
  • Aug 17, 2009 6:30am Aug 17, 2009 6:30am
USD strength all over the shop, She coming back and strong.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBP.JPG Size: 126 KB
Click to Enlarge Name: EUR.JPG Size: 127 KB
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #158,357
  • Aug 17, 2009 6:34am Aug 17, 2009 6:34am
Quoting albchr
I'm doing OK my freind all things considered. I haven't been doing any trading with the move and all. Today was the first time I've been able to look at the charts since 1-1/2 weeks ago. I'm easing back into focus and I'm holding a very small short locked at BE +2 atm.

I'm about halfway through the move now. Moving all this stuff when I could walk was tough enough. A bit more of a challange now but I'm getting through it. The really COOL thing buddy is now I can trade like I should, one brick at a time....
Good to my friend See you when you get back.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #158,358
  • Aug 17, 2009 6:54am Aug 17, 2009 6:54am
Hello friends! I am happy to find this forum. Rich in info. Also kudos to Bullbear...excellent analysis
Forex success = Patience + Leverage
  • #158,359
  • Aug 17, 2009 6:55am Aug 17, 2009 6:55am
Thank You
  • #158,360
  • Aug 17, 2009 6:58am Aug 17, 2009 6:58am
Quoting wormboy
BEER money bro...
Veni, Vidi, Vici (We came, we saw, we conquered)
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