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Cable Update (GBPUSD)

  • #159,441
  • Aug 19, 2009 8:59pm Aug 19, 2009 8:59pm
Quoting DrMcDDC
Why are you guys trying to trade this low volume stuff anyway, London session is where it's at.
coz i go to bed at 6am london time and I have a promise on
  • #159,442
  • Aug 19, 2009 9:11pm Aug 19, 2009 9:11pm
4h shows downtrend still there, 1h,30h show mixed direction for me ( it means up/down....).
  • #159,443
  • Aug 19, 2009 11:37pm Aug 19, 2009 11:37pm
looks like up trend...
is there any chance to down until 6500 then go up to 6560 ?
  • #159,444
  • Aug 20, 2009 12:33am Aug 20, 2009 12:33am
Here's what I see

I'm short while the upper utl of the channel and 6600 holds.
Attached Image (click to enlarge)
Click to Enlarge Name: chart.jpg Size: 120 KB
  • #159,445
  • Aug 20, 2009 12:45am Aug 20, 2009 12:45am
4H shows up trend for me. Plus news coming out at 4:30 New York Time. Previous numbers all positive and most likely positive number will come out again means it'll go up. And by looking at ATR levels our target might be around 1.6662. I might be wrong.
  • #159,446
  • Aug 20, 2009 1:26am Aug 20, 2009 1:26am
I buy gu at 1.6560 sl at 1.6511 and target open
  • #159,447
  • Aug 20, 2009 1:31am Aug 20, 2009 1:31am
Wow everybody seems to be catching their breath
  • #159,448
  • Aug 20, 2009 1:32am Aug 20, 2009 1:32am
Quoting wormboy
lol, what? you think I'm going long after that formation right under 6600?
you must be mad
hay wormie where u in ?
  • #159,449
  • Aug 20, 2009 1:33am Aug 20, 2009 1:33am
Morning Peepers,

G/L to everyone
  • #159,450
  • Aug 20, 2009 1:35am Aug 20, 2009 1:35am
Quoting aspirin1975
I buy gu at 1.6560 sl at 1.6511 and target open
i just close buy @1.6567. What is your consideration for buy at that level?
  • #159,451
  • Aug 20, 2009 1:35am Aug 20, 2009 1:35am
Fasten' your seatbelt coz when we're on, it will be fast. up up up
My edge ===> Patience
  • #159,452
  • Aug 20, 2009 1:38am Aug 20, 2009 1:38am
All,
Do any of you use Ichimoku ?
Could i get some feedback if you do!
  • #159,453
  • Aug 20, 2009 1:40am Aug 20, 2009 1:40am
Quoting Faryad
hay wormie where u in ?
hey faryad.
still holding short from yesterday. Got in @6443
Thank You
  • #159,454
  • Aug 20, 2009 1:44am Aug 20, 2009 1:44am
Quoting wormboy
hey faryad.
still holding short from yesterday. Got in @6443
SAME HERE HOLDING IT FROM 1.6498
  • #159,455
  • Aug 20, 2009 1:47am Aug 20, 2009 1:47am
Same here also holding my short @ 1.6535 and another short at 1.6570
  • #159,456
  • Aug 20, 2009 1:53am Aug 20, 2009 1:53am
Hi WB,
You are an inspiration, I shorted this morning at 6534 and am sweating on it.

The top of the channel and yesterdays daily hanging man convinced me.

I got a thrashing last night, my fault was trading sober...went long got premature cold feet, did not listen to DT shorted left a generious stop on it and made an equally generious donation

I thought it may have gone to the 6600 ( tonight just now) before reversing but maybe not
  • #159,457
  • Aug 20, 2009 1:55am Aug 20, 2009 1:55am
Hi Guys,

To make sense of my post I live in New Zealand and its local time 18 55 hrs right now, I am out of sinch with most of you.
  • #159,458
  • Aug 20, 2009 1:56am Aug 20, 2009 1:56am
I won't go long unless 1.66 is broken. Shorts still in play
  • #159,459
  • Aug 20, 2009 2:19am Aug 20, 2009 2:19am
0716 GMT [Dow Jones] There's no excuse for not selling the GBP now, according to Forex Focus by Nicholas Hastings. The UK's economic recovery is far from secure and further monetary easing might yet be necessary. Also, credit conditions remain poor and the GBP remains vulnerable to another shakeout in the banking sector. (NEH)

Contact us in London. +44-20-7842-9464
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  • #159,460
  • Aug 20, 2009 2:27am Aug 20, 2009 2:27am
  •  zykas
  • | Joined Oct 2008 | Status: ... measure thrice, but cut once | 196 Posts
Quoting Pyramus
I won't go long unless 1.66 is broken. Shorts still in play

Think so too...UTL not cleared out yet in addition... let see how next hour will be.
I like the Big Dogs because I trade like them
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