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Cable Update (GBPUSD)

  • #160,281
  • Aug 24, 2009 9:47am Aug 24, 2009 9:47am
Quoting wormboy
hey man you've been calling it both ways. Eventually you'll get one right lol
worm i still say long but today is weekly opening so market heading to give its weekly low thats it

i am not still going short as i go with the trend but i will go long around 1.6340 area.

I dont trade against the trend. Market is down till 6340 and the retest to 6740 area
  • #160,282
  • Aug 24, 2009 9:48am Aug 24, 2009 9:48am
Quoting GlobalMacro
not for me yet Chris...I'm still in with her...letting 'er ride...
That's cool buddy. I'm with my decision as well. Profit booked, rest still running, clear sailing ahead....

In my little pond, it doesn't get any better than that.
Ghost Rider - WWTBMD?
  • #160,283
  • Aug 24, 2009 9:51am Aug 24, 2009 9:51am
Quoting pakitrader
worm i still say long but today is weekly opening so market heading to give its weekly low thats it

i am not still going short as i go with the trend but i will go long around 1.6340 area.

I dont trade against the trend. Market is down till 6340 and the retest to 6740 area
What if 6547 WAS the weekly high? Just broke out of this "wound up" triangle to the south with some passion. Looks weak...at least until it doesnt.
There's always money in the banana stand.
  • #160,284
  • Aug 24, 2009 9:55am Aug 24, 2009 9:55am
Quoting albchr
That's cool buddy. I'm with my decision as well. Profit booked, rest still running, clear sailing ahead....

In my little pond, it doesn't get any better than that.

That is what counts bro...being . .........
Hear the music before the song is over ...
  • #160,285
  • Aug 24, 2009 9:56am Aug 24, 2009 9:56am
Quoting lizardgizzard
what if 6547 was the weekly high? Just broke out of this "wound up" triangle to the south with some passion. Looks weak...at least until it doesnt.
you are right triangle is broken but the thing is still its holding weekly ltl and not confirmed that up trend is end so i am not going short i am waiting todays closing and triangle was broken on 21st as well but we see it a fake breakout.

Still need confirmation to get on board.
For me my gun are important then the target.so i am bit careful.
  • #160,286
  • Aug 24, 2009 9:59am Aug 24, 2009 9:59am
I will go long 6350 area, I think they buyers around there
  • #160,287
  • Aug 24, 2009 10:00am Aug 24, 2009 10:00am
Fair enough Paki. I trade S/R strictly, so I have to be short until resistance is broken to the upside, which right now would have to be at 6540 for me. I'm hoping for a niiiiiice long drop for now though.
There's always money in the banana stand.
  • #160,288
  • Aug 24, 2009 10:00am Aug 24, 2009 10:00am
Quoting GlobalMacro
not for me yet Chris...I'm still in with her...letting 'er ride...
GELORE
  • #160,289
  • Aug 24, 2009 10:03am Aug 24, 2009 10:03am
Quoting LizardGizzard
Fair enough Paki. I trade S/R strictly, so I have to be short until resistance is broken to the upside, which right now would have to be at 6540 for me. I'm hoping for a niiiiiice long drop for now though.
Thats nice Lizard best wishes for you.
  • #160,290
  • Aug 24, 2009 10:05am Aug 24, 2009 10:05am
1.6386~1.6380 level for buying? if not 1.6275~1.6226
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #160,291
  • Aug 24, 2009 10:06am Aug 24, 2009 10:06am
Quoting Angelina
I will go long 6350 area, I think they buyers around there

..
Attached Image (click to enlarge)
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  • #160,292
  • Aug 24, 2009 10:07am Aug 24, 2009 10:07am
dayly EG hit resistance @ 8725 so could see a strong retrace from 6400, let see. Anyway long from 6411 target 6585 sl 6265. goodluck guys
  • #160,293
  • Aug 24, 2009 10:08am Aug 24, 2009 10:08am
Quoting musani

Hear the music before the song is over ...
  • #160,294
  • Aug 24, 2009 10:09am Aug 24, 2009 10:09am
Quoting pakitrader
worm i still say long but today is weekly opening so market heading to give its weekly low thats it

i am not still going short as i go with the trend but i will go long around 1.6340 area.

I dont trade against the trend. Market is down till 6340 and the retest to 6740 area
1. trend is not up anymore.

2. down to 6340 and retest 6740? Unless you can come up with a chart, I will ignore that & assume you do not know what you're talking about.
Sorry for being blunt
Thank You
  • #160,295
  • Aug 24, 2009 10:09am Aug 24, 2009 10:09am
Quoting wormboy
hey man you've been calling it both ways. eventually you'll get one right lol
  • #160,296
  • Aug 24, 2009 10:15am Aug 24, 2009 10:15am
Quoting nAVIN2007
lol .. ranging markets makes people see & say double bro. even your laughing emoticon now comes in a pair see?
Thank You
  • #160,297
  • Aug 24, 2009 10:20am Aug 24, 2009 10:20am
Quoting pakitrader
Brother i am saying that market can place its weekly low 6340 ok

And retest toward 6740 or more is possible in this week as the trend is up.

So overall trend is up i will stick with the longs.

Possibly i buy in 6340 area instead selling here.
Azim is right..monthly is bearish, weekly was neutral but the bears took out the blasted low of the indecision bar..im long but i have been doing stupid trades all day..

last chance is the 61.8 fib on my chart then i drown like the bulls in the sea (thanks god im on demo)
u and I are counter trend trading..picking bottom, catching daggers not healthy for long life
  • #160,298
  • Aug 24, 2009 10:22am Aug 24, 2009 10:22am
Quoting pakitrader
Brother i am saying that market can place its weekly low 6340 ok

And retest toward 6740 or more is possible in this week as the trend is up.

So overall trend is up i will stick with the longs.

Possibly i buy in 6340 area instead selling here.
I can read what you said the first time.
point taken on the 6340 level, but I'll stick to price closing underneath 6380 as a range break, but how can you overlook 6600 level over 6740? Has it not been evident how significant the resistance @6600 level is?
Thank You
  • #160,299
  • Aug 24, 2009 10:23am Aug 24, 2009 10:23am
Quoting nAVIN2007
Azim is right..monthly is bearish, weekly was neutral but the bears took out the blasted low of the indecision bar..im long but i have been doing stupid trades all day..

last chance is the 61.8 fib on my chart then i drown like the bulls in the sea (thanks god im on demo)
sorry to interfere..
you have 10 vouches.. tons of posts... u always seem to have good reasoning...
why are you on demo?
  • #160,300
  • Aug 24, 2009 10:24am Aug 24, 2009 10:24am
Quoting pakitrader
Lets see who is right and who is wrong the time will tell it.
Not interested in your predicting games. I am a trader, not a fortune teller.
You can be right, I couldn't be arsed really.
Thank You
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