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Cable Update (GBPUSD)

  • #160,221
  • Aug 24, 2009 6:32am Aug 24, 2009 6:32am
Quoting Bull_Bear
Sorry bud on the dark side today LOL
Nothing dark about longs buddy. Unless you just mean "dark" Green pips...
Ghost Rider - WWTBMD?
  • #160,222
  • Aug 24, 2009 6:35am Aug 24, 2009 6:35am
Quoting albchr
Nothing dark about longs buddy. Unless you just mean "dark" Green pips...
Only say that cos I'm riding in the opp direction as Wormie and GM, cos we rode together last week. I will join on the short side higher... that is the plan anyhow.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #160,223
  • Aug 24, 2009 6:49am Aug 24, 2009 6:49am
Long from 1.6470, looking for 1.6545
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 23 KB
ABCD..
  • #160,224
  • Aug 24, 2009 6:56am Aug 24, 2009 6:56am
Hi Paul,

Reports say that UK tax revenues have fallen 20% yoy... -- if you're there -- what do you make of that?

smells mighty bearish to me...
Hear the music before the song is over ...
  • #160,225
  • Aug 24, 2009 7:01am Aug 24, 2009 7:01am
take about hectic..
Attached Image (click to enlarge)
Click to Enlarge Name: trade.gif Size: 28 KB
  • #160,226
  • Aug 24, 2009 7:07am Aug 24, 2009 7:07am
slow motion
  • #160,227
  • Aug 24, 2009 7:09am Aug 24, 2009 7:09am
Quoting nAVIN2007
take about hectic..
Yeah right? I'd even be happy with taking a loss here if it would just make up it's mind and GO! LOL
Ghost Rider - WWTBMD?
  • #160,228
  • Aug 24, 2009 7:11am Aug 24, 2009 7:11am
Took out some profit too slow.
  • #160,229
  • Aug 24, 2009 7:11am Aug 24, 2009 7:11am
Quoting nAVIN2007
take about hectic..
Quoting albchr
Yeah right? I'd even be happy with taking a loss here if it would just make up it's mind and GO! LOL
Yup fart ass-ing around...... LOL
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #160,230
  • Aug 24, 2009 7:12am Aug 24, 2009 7:12am
Good day to you,

Trade called this morning was good for me - happy. Looking at where we are at present, I am waiting for confirmation. In the area circled on the chart, we have the following:

We have the close of last week Wednesday last week @ 1.6527, we have the upper level of the current weekly channel @ 1.6526, we have Thursday close @ 1.6505, we have todays open and the round number at 1.6500 and we have this week's 50% line at 1.6491. All these are boxing the lady in at present.

For a long I will wait for the break of Last wednesday's high at 1.6527 - for short I will wait for a break of the 50% line at 1.6491 These are just my thoughts.

Good trading to all!
Attached Image (click to enlarge)
Click to Enlarge Name: gu3.gif Size: 20 KB
  • #160,231
  • Aug 24, 2009 7:14am Aug 24, 2009 7:14am
hello guys, looking at a monthly chart, you will see that every movement that GU did thru the years, price was tempted to retest the 1.7380-1.7170 area (so, around 1.74-1.72)... and if this area resist or not, the movement after that was big and fast, 1500-2000 pips in a few days...

a run to the area is very possible before define its way.
  • #160,232
  • Aug 24, 2009 7:39am Aug 24, 2009 7:39am
All I know is by the 15m, this puppy is getting wound up really tight. You'd think it's about to POP soon...lol
Attached Image (click to enlarge)
Click to Enlarge Name: gu_15m2.gif Size: 37 KB
Ghost Rider - WWTBMD?
  • #160,233
  • Aug 24, 2009 7:51am Aug 24, 2009 7:51am
starting to move
  • #160,234
  • Aug 24, 2009 8:03am Aug 24, 2009 8:03am
Quoting albchr
S/R + PA = Simple, Clean, Deadly
Could you elaborate on that please?
  • #160,235
  • Aug 24, 2009 8:04am Aug 24, 2009 8:04am
Quoting albchr
All I know is by the 15m, this puppy is getting wound up really tight. You'd think it's about to POP soon...lol

I also see a very heavy breakout in the month of September.
  • #160,236
  • Aug 24, 2009 8:05am Aug 24, 2009 8:05am
Quoting forex_sake
Could you elaborate on that please?

Trade with support and resistance lines along with the price action. free of any indicators.

Its the best way to trade. I think so at least.
  • #160,237
  • Aug 24, 2009 8:10am Aug 24, 2009 8:10am
ouch...
  • #160,238
  • Aug 24, 2009 8:10am Aug 24, 2009 8:10am
Quoting bidalufias
Trade with support and resistance lines along with the price action. free of any indicators.

Its the best way to trade. I think so at least.

With you 100% on that!
Don't let the same dog bite you twice. -- Chuck Berry
  • #160,239
  • Aug 24, 2009 8:11am Aug 24, 2009 8:11am
Quoting forex_sake
Could you elaborate on that please?
It's a little motto I use to remind myself to keep trading as simple as possible.

S/R = Support/Resistance and PA = Price Action. There are many ways to look at charts but for me, no matter how you do it, Learning to identify the S/R zones and "properly" read PA are at the core of whatever method you use.

I'm still learning but I know that many very experienced and successful traders use nothing but S/R & PA to trade. A level I aspire to reach one day....
Ghost Rider - WWTBMD?
  • #160,240
  • Aug 24, 2009 8:13am Aug 24, 2009 8:13am
Alright I'm bored.... outta here

Catch you guys tom.
Trade well
Veni, Vidi, Vici (We came, we saw, we conquered)
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