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Cable Update (GBPUSD)

  • #161,181
  • Aug 27, 2009 4:15am Aug 27, 2009 4:15am
Quoting albchr
Nope. Put a 15 pip trailer on it when I went to bed. Made 2 pips!!!...

Yeah You can always tell when the market is dead by the number of music videos in the threads...lol
And flirting too..... Isn't that right Mi-Lady
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #161,182
  • Aug 27, 2009 4:17am Aug 27, 2009 4:17am
I don't understand why anyone would long from this 6200 area level...it is of course against the downtrend to Daily chart and there is no recognisable potential support that I can see...Clearly also the intraday sentiment is so far bearish in this instrument....Of course price will go on way or the other so there is always the chance that the positions will work out from this level, but it doesn't look hi-probability enough. Perhaps the last 2 x 1hr candles have convinced some to enter at these levels...doji-esq candles.

Whatever the case, Good Luck with these trades....Stop below Y/Day's low seems the obvious place for one.
ex member
  • #161,183
  • Aug 27, 2009 4:22am Aug 27, 2009 4:22am
Quoting Bull_Bear
I'm not bothered by it, my stop will take me out if need be.


Ok... I'm Placing My stop Losss @1.6175 too
Yea we have a Good Forcasted News Regarding Cable .... she would be bit Bullish if CBI Realised Sales Improves.... What you say ?
  • #161,184
  • Aug 27, 2009 4:22am Aug 27, 2009 4:22am
Quoting Bull_Bear
And flirting too.....
I wouldn't know about that. Since I'm free now, the only thing I'm flirting with atm is the mistress (EJ) which I'm short at 133.89.

As far as cable right now, the only long I'd try on her is if it tests and bounces off 6158 again (which I think it will pretty soon). Otherwise, you guys are just nuts....LOL
Ghost Rider - WWTBMD?
  • #161,185
  • Aug 27, 2009 4:25am Aug 27, 2009 4:25am
Quoting albchr
I wouldn't know about that. Since I'm free now, the only thing I'm flirting with atm is the mistress (EJ) which I'm short at 133.89.
Go hard Chris....
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #161,186
  • Aug 27, 2009 4:25am Aug 27, 2009 4:25am
Long at 1.6189
  • #161,187
  • Aug 27, 2009 4:27am Aug 27, 2009 4:27am
Quoting esemes
Ok... I'm Placing My stop Losss @1.6175 too
Yea we have a Good Forcasted News Regarding Cable .... she would be bit Bullish if CBI Realised Sales Improves.... What you say ?
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #161,188
  • Aug 27, 2009 4:30am Aug 27, 2009 4:30am
Quoting bbmac
I don't understand why anyone would long from this 6200 area level...it is of course against the downtrend to Daily chart and there is no recognisable potential support that I can see...Clearly also the intraday sentiment is so far bearish in this instrument....Of course price will go on way or the other so there is always the chance that the positions will work out from this level, but it doesn't look hi-probability enough. Perhaps the last 2 x 1hr candles have convinced some to enter at these levels...doji-esq candles.

Whatever the case, Good...
I live dangerously....
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #161,189
  • Aug 27, 2009 4:31am Aug 27, 2009 4:31am
Quoting Bull_Bear
This will be sweet revenge by bulls if it suddenly pulls up I'm long at 1.6189 SL 1.6155 Target 1.6330
  • #161,190
  • Aug 27, 2009 4:32am Aug 27, 2009 4:32am
Quoting albchr

Yeah You can always tell when the market is dead by the number of music videos in the threads...lol
what you don't like my jam? lol
Thank You
  • #161,191
  • Aug 27, 2009 4:37am Aug 27, 2009 4:37am
Quoting Pyramus
This will be sweet revenge by bulls if it suddenly pulls up I'm long at 1.6189 SL 1.6155 Target 1.6330
keyword, if.
if suddenly price drops down again those bulls would be as sweet as a can of dead bulls.
I mean redbull
Attached Image (click to enlarge)
Click to Enlarge Name: 46_front_dead_bull_small.jpg Size: 40 KB
Thank You
  • #161,192
  • Aug 27, 2009 4:37am Aug 27, 2009 4:37am
Quoting Bull_Bear
And flirting too..... Isn't that right Mi-Lady
Flirting is good for your emotional well being. Just don't overdo it.
Great Bodies are Engineered not Born
  • #161,193
  • Aug 27, 2009 4:38am Aug 27, 2009 4:38am
Lol BB.

Close of the 5min 0920am gmt pinbar was very trade-able @ 6196ask entry off the 76.4% fib described below...and there is a 'see-saw' bullish divergence on 1hr (point a being the pivot of the see-saw) which is a repeating divergence pattern that can occutr at a HL or indeed bearish opposite at a LH.

CABLE: Extended pullback lows to $1.6183, but reported demand placed toward $1.6180 able to cushion the move ($1.6181 76.4% $1.6160/1.6248). A break here to expose Wednesday low at $1.6160 with demand noted between $1.6160/50. Offers $1.6230/35, stronger between $1.6245/50.


G/L
http://i25.tinypic.com/w21x5j.gif

1hr bullish 'see-saw' divergence

http://i31.tinypic.com/2qnys93.gif
ex member
  • #161,194
  • Aug 27, 2009 4:39am Aug 27, 2009 4:39am
Quoting wormboy
what you don't like my jam? lol
Love it brother! Helps pass the time too....
Ghost Rider - WWTBMD?
  • #161,195
  • Aug 27, 2009 4:41am Aug 27, 2009 4:41am
Price is inching higher, i'm ready to reload short.
Great Bodies are Engineered not Born
  • #161,196
  • Aug 27, 2009 4:47am Aug 27, 2009 4:47am
Quoting albchr
Love it brother! Helps pass the time too....
lol glad you liked it bro
Thank You
  • #161,197
  • Aug 27, 2009 4:47am Aug 27, 2009 4:47am
0939 GMT G[Dow Jones] Doom and gloom merchants are out on sterling with the more dovish stance taken by the BOE perhaps the main reason why the pound has dropped this week. However so far Thursday GBP/USD is finding support below 1.62 and EUR/GBP gets good selling interest around 0.88. Sterling has a nasty habit of turning on a sixpence and any break above the day's high of 1.6250 in GBP/USD or below 0.8770 in EUR/GBP could trigger profit taking on shorts and add another 50-100 ticks. For the brave, a small GBP/USD long from 1.62 and EUR/GBP short from 0.88 with a 50-tick stop. (GST)


Contact us in London. +44-20-7842-9464
[email protected]
ex member
  • #161,198
  • Aug 27, 2009 4:47am Aug 27, 2009 4:47am
Quoting RichLadyFX
Flirting is good for your emotional well being. Just don't overdo it.
What?!...you call that flirting..?..C'mon RichLady, don't keep it to yourself...Share!...
Hear the music before the song is over ...
  • #161,199
  • Aug 27, 2009 4:47am Aug 27, 2009 4:47am
Quoting RichLadyFX
Price is inching higher, i'm ready to reload short.
kak long. wait for the breakout
Thank You
  • #161,200
  • Aug 27, 2009 4:48am Aug 27, 2009 4:48am
Quoting RichLadyFX
Price is inching higher, i'm ready to reload short.

What time frame are you looking at?
How many pips are you looking for as a profit?
Some news coming out in the next 10 mins...

Many thanks!

Ant
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