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Cable Update (GBPUSD)

  • #161,541
  • Aug 28, 2009 3:43am Aug 28, 2009 3:43am
Quoting Bull_Bear
I've been popping pills like crazy....

I've book dragon already, now just waiting for cable. If my target hit, send her south again. Hopefully we will get follow through momentum and you will get your 1.5300 ....... I still see her sub 1.6000 long term
Won't be in a straight line but I believe we'll get there bro (5300)

The warnings had been put out:
1. http://www.forexfactory.com/showpost...postcount=2626
2. http://www.forexfactory.com/showpost...postcount=2633


And this H4 H&S has not kicked in fully yet anyway. A little dollar strength will likely send cable tumbling again.
Thank You
  • #161,542
  • Aug 28, 2009 3:43am Aug 28, 2009 3:43am
Quoting wormboy
I hope it does not go anywhere near 30. That's too close to where I need to get off the bus .... & I'd like to stay on this bus for as long as I can

LOL...it just hit 26. 4 more pips would cause you issue buddy?

I don't know why that's been a line in the sand for me but a break above it and I go long. A test and drop and I go short. At least, that's my "current" thinking. Always subject to change....
Ghost Rider - WWTBMD?
  • #161,543
  • Aug 28, 2009 3:46am Aug 28, 2009 3:46am
Quoting albchr
Still.........but almost there now....lol
Sensible place to take your shorts Chris. I won't be taking it till 1.6385, as she's looking pretty threatening now.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #161,544
  • Aug 28, 2009 3:55am Aug 28, 2009 3:55am
Quoting albchr
LOL...it just hit 26. 4 more pips would cause you issue buddy?

I don't know why that's been a line in the sand for me but a break above it and I go long. A test and drop and I go short. At least, that's my "current" thinking. Always subject to change....
lol yea. It's friday, it's raining, I'm fasting so if I have to get off this bus early it'll be booooooooooooooring

lol I know, eo's crew are like mercenaries. You pledge allegiance only to the highest bidder
Thank You
  • #161,545
  • Aug 28, 2009 3:57am Aug 28, 2009 3:57am
Quoting Bull_Bear
Sensible place to take your shorts Chris. I won't be taking it till 1.6385, as she's looking pretty threatening now.
Hey buddy. I sure hope you get to feeling better soon. I did try to warn you about getting back to the BEER so soon after the last time though...

Please take care of yourself BB. Lay out in the sun over the weekend and let nature bake that bad bug out of you brother...
Ghost Rider - WWTBMD?
  • #161,546
  • Aug 28, 2009 4:03am Aug 28, 2009 4:03am
Quoting albchr
Hey buddy. I sure hope you get to feeling better soon. I did try to warn you about getting back to the BEER so soon after the last time though...

Please take care of yourself BB. Lay out in the sun over the weekend and let nature bake that bad bug out of you brother...
No sun in australia this time of the year bro. Australians have wet summer & sunny winter
Thank You
  • #161,547
  • Aug 28, 2009 4:03am Aug 28, 2009 4:03am
Quoting wormboy
lol I know, eo's crew are like mercenaries. You pledge allegiance only to the highest bidder
Actually there hasn't been much going on there the past couple days. I haven't been in there much. Just peaking in from time to time. But I do find his method (albeit I'm still learning) a great way to zero in on good entries with little to no draw-down and smaller stops for sure.

I haven't taken any "large" plunges yet on my live account but it does help with the confidence to do so. I'm thinking September (my 1 year trading anniversary) will be the month in which I'll give it hell...
Ghost Rider - WWTBMD?
  • #161,548
  • Aug 28, 2009 4:04am Aug 28, 2009 4:04am
Quoting Bull_Bear
Sensible place to take your shorts Chris. I won't be taking it till 1.6385, as she's looking pretty threatening now.
My Indi's show 6400 b4 down to 6000. Waiting...
In all your ways acknowledge Him and He will direct your path.
  • #161,549
  • Aug 28, 2009 4:04am Aug 28, 2009 4:04am
Quoting Bull_Bear
Sensible place to take your shorts Chris. I won't be taking it till 1.6385, as she's looking pretty threatening now.
You may be right BB. That last hour bar sure looks like it may push higher here.....
Ghost Rider - WWTBMD?
  • #161,550
  • Aug 28, 2009 4:05am Aug 28, 2009 4:05am
Quoting albchr
Hey buddy. I sure hope you get to feeling better soon. I did try to warn you about getting back to the BEER so soon after the last time though...

Please take care of yourself BB. Lay out in the sun over the weekend and let nature bake that bad bug out of you brother...
Thanks buddy...

Just means I have to wait another week for her sweet taste on my lips.

I hate not having my ritual when i rightfully earn my BEER money
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #161,551
  • Aug 28, 2009 4:06am Aug 28, 2009 4:06am
Quoting albchr
Actually there hasn't been much going on there the past couple days. I haven't been in there much. Just peaking in from time to time. But I do find his method (albeit I'm still learning) a great way to zero in on good entries with little to no draw-down and smaller stops for sure.

I haven't taken any "large" plunges yet on my live account but it does help with the confidence to do so. I'm thinking September (my 1 year trading anniversary) will be the month in which I'll give it hell...
actually I meant mercenaries in the sense that you guys don't really care where price goes at any time of the day, short or long does not matter as long as you get a seat
Thank You
  • #161,552
  • Aug 28, 2009 4:06am Aug 28, 2009 4:06am
Quoting wormboy
No sun in australia this time of the year bro. Australians have wet summer & sunny winter
Well, what the hell do I know about it? I've never been out of the TRI-State area I live in....

So lay inside next to a window on a sunny day...LOL
Ghost Rider - WWTBMD?
  • #161,553
  • Aug 28, 2009 4:07am Aug 28, 2009 4:07am
Quoting albchr
You may be right BB. That last hour bar sure looks like it may push higher here.....
But than I might be wrong too... your call bro, I just lay the cards as I see it for my trade.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #161,554
  • Aug 28, 2009 4:08am Aug 28, 2009 4:08am
Quoting wormboy
actually I meant mercenaries in the sense that you guys don't really care where price goes at any time of the day, short or long does not matter as long as you get a seat
OH......my bad. But EXACTLY!! As long as it moves, it's all good...LOL
Ghost Rider - WWTBMD?
  • #161,555
  • Aug 28, 2009 4:08am Aug 28, 2009 4:08am
Quoting albchr
Well, what the hell do I know about it? I've never been out of the TRI-State area I live in....

So lay inside next to a window on a sunny day...LOL
lol. what is tri state?
Thank You
  • #161,556
  • Aug 28, 2009 4:09am Aug 28, 2009 4:09am
Hey wormie howz ya
howz trade
  • #161,557
  • Aug 28, 2009 4:13am Aug 28, 2009 4:13am
Quoting Faryad
Hey wormie howz ya
howz trade
hey bro, no new trades currently. Just holding the last batch of shorts
What are you trading?
Thank You
  • #161,558
  • Aug 28, 2009 4:13am Aug 28, 2009 4:13am
0906 GMT [Dow Jones] GBP/USD short-term trend is down, says Barclays Capital, and it favors selling rallies against 1.6350, with a stop above 1.64. On the downside, the bank is looking for 1.6150 and 1.5980. GBP/USD is now at 1.6327. (GST)

Trend up correct at time of writing now 5min,15min,30min,1hr, 6345-60 see-ing the 38.25 6665-6151 and 23.6% of main 7044-6151 swing. Price finding some resistance atm ahead of the 6330 level which is 61.8% 6433-6151 and 38.2% 6622-6151

G/L
ex member
  • #161,559
  • Aug 28, 2009 4:13am Aug 28, 2009 4:13am
Quoting wormboy
hey bro, no new trades currently. Just holding the last batch of shorts
What are you trading?
FLAT NOW WAITING
  • #161,560
  • Aug 28, 2009 4:19am Aug 28, 2009 4:19am
Quoting bbmac
0906 GMT [Dow Jones] GBP/USD short-term trend is down, says Barclays Capital, and it favors selling rallies against 1.6350, with a stop above 1.64. On the downside, the bank is looking for 1.6150 and 1.5980. GBP/USD is now at 1.6327. (GST)

G/L
bb2 : the banks got those targets from the wormhole :
http://www.forexfactory.com/showpost...postcount=2652
Thank You
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