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Cable Update (GBPUSD)

  • #159,121
  • Aug 19, 2009 4:22am Aug 19, 2009 4:22am
Quoting zameer
its look like u have a magic ball man..............
No magic ball, with time everyone's trading experience will improve.

"Inch by Inch it's a cinch...... Yard by yard it gets hard"

I use a very simple strategy. Support / Resistance, Fibs and trend lines...
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #159,122
  • Aug 19, 2009 4:23am Aug 19, 2009 4:23am
Quoting Bull_Bear
Wormie, Losers have become winners today bro
I hear ya bro
Check out dragon, gotta love that drop
Thank You
  • #159,123
  • Aug 19, 2009 4:24am Aug 19, 2009 4:24am
Quoting UncleSam123
I was also short on nzd/usd. Whats ur TP?

i entered short @1.6735 with my Tp@ 1.6635 with a trailing SL of 50pips
  • #159,124
  • Aug 19, 2009 4:25am Aug 19, 2009 4:25am
Quoting topestyles
Thanks for your Pro advice BB.

I entered 2 shorts @ 1.6545 almost when you did yesterday and closed @ 1.6408.I had to chicken out.the other is still runing with TP@ 1.6345.

You are the Man ,Senior BB
Guys I'm only here for BEER money..... Wormie will vouch me on that
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #159,125
  • Aug 19, 2009 4:27am Aug 19, 2009 4:27am
Quoting Bull_Bear
No magic ball, with time everyone's trading experience will improve.

"Inch by Inch it's a cinch...... Yard by yard it gets hard"

I use a very simple strategy. Support / Resistance, Fibs and trend lines...
hhhhmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
  • #159,126
  • Aug 19, 2009 4:28am Aug 19, 2009 4:28am
today's trade should buy you beer supply for this week man
Lets Soar The Sky
  • #159,127
  • Aug 19, 2009 4:32am Aug 19, 2009 4:32am
Cable's immediate post Boe minutes knee-jerk rise to the daily pivot saw a big rejection of the level (6489) with a 100pip fall on the back of that data as it was fully digested by market participants, saw the 1hr ascending potential support trend line brecched to the downside. Price is technically in a downtrend to 30min now with 1hr looking more like a downtrend too.

76.4% of the 6272-6590 rise is @ 6348 and below here a 6338-24 previous 1hr swing lo=previous support=potential support zone ahead of the 6272 lows.

G/L
ex member
  • #159,128
  • Aug 19, 2009 4:34am Aug 19, 2009 4:34am
Quoting wormboy
I hear ya bro
Check out dragon, gotta love that drop
You always knew that you were safe on your short trade yesterday carrying the drawdowns.
Attached Image (click to enlarge)
Click to Enlarge Name: Dragon.JPG Size: 76 KB
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #159,129
  • Aug 19, 2009 4:42am Aug 19, 2009 4:42am
http://www.nytimes.com/2009/08/19/op...back&st=Search


http://bloomberg.com/apps/news?pid=2...d=aLW8jvysIe5k


Maybe these could be useful or we can just dump it.
  • #159,130
  • Aug 19, 2009 4:45am Aug 19, 2009 4:45am
Price at 16385...SL moved due to volatility from 16382 to 16348, if hit then I'll be going to the cake shop.
  • #159,131
  • Edited 5:11am Aug 19, 2009 4:56am | Edited 5:11am
kinda slow

come on lets have another wave down
its been hanging there for awhile
Lets Soar The Sky
  • #159,132
  • Aug 19, 2009 5:04am Aug 19, 2009 5:04am
Bulls coming...
  • #159,133
  • Aug 19, 2009 5:07am Aug 19, 2009 5:07am
Quoting Pyramus
Bulls coming...
Looks like weekly S1 at 1.6382 held it.

After that big move down it must pause for breath somewhere.

Maybe a small retrace before another push down?
  • #159,134
  • Aug 19, 2009 5:17am Aug 19, 2009 5:17am
Quoting Pyramus
Bulls coming...
not yet bullish buddy
  • #159,135
  • Aug 19, 2009 5:19am Aug 19, 2009 5:19am
Quoting Pyramus
Bulls coming...
I cant see it
still in the red zone on my chart
Lets Soar The Sky
  • #159,136
  • Aug 19, 2009 5:20am Aug 19, 2009 5:20am
Yes, I agree
  • #159,137
  • Aug 19, 2009 5:22am Aug 19, 2009 5:22am
Quoting hel13rock
Looks like weekly S1 at 1.6382 held it.

After that big move down it must pause for breath somewhere.

Maybe a small retrace before another push down?

downside pressure quite high, it tried to go over 6400, think may just be a pause, no retrace....
Lets Soar The Sky
  • #159,138
  • Aug 19, 2009 5:28am Aug 19, 2009 5:28am
Quoting soartosky
downside pressure quite high, it tried to go over 6400, think may just be a pause, no retrace....
Yes but I wouldn't be surprised if it played along the top of that pivot level for quite a while and then broke down with strong momentum. Happens that way quite often.

I've got a sell order just below the low, should hopefully be good for 80 or 90 pips if it breaks with enough volume.
  • #159,139
  • Aug 19, 2009 5:29am Aug 19, 2009 5:29am
Quoting Bull_Bear
Partial position closed at 1.6390...... Add 1.5 lots to short @ 1.6490
Morning BB, Everyone....

Man did I over sleep....lol

Pretty frustrating to wake up and see this. Had I given more room for my 6550 sell yesterday, It would have been a nice morning. I thought a 35 pip SL at that level would be enough. Evidently not...
Ghost Rider - WWTBMD?
  • #159,140
  • Aug 19, 2009 5:31am Aug 19, 2009 5:31am
Quoting hel13rock
Yes but I wouldn't be surprised if it played along the top of that pivot level for quite a while and then broke down with strong momentum. Happens that way quite often.

I've got a sell order just below the low, should hopefully be good for 80 or 90 pips if it breaks with enough volume.
where u placing ur sell? 6374?
Lets Soar The Sky
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