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Cable Update (GBPUSD)

  • #161,581
  • Aug 28, 2009 4:58am Aug 28, 2009 4:58am
[quote=direct-trade;3001694][quote=albchr]Good Morning DT....
Quote

Good morning mate, hope you have been having a good week, your patience will pay dividends.




Could be the top here, but I have a feeling Shorts are being encouraged here, (hence the slight fall)...only for them to be taken out on a trip to 16450 area....
Thanks mate, made more than enough BEER money this week. Problem is I can't drink it cos I'm crook.

My rational from previous posting:

1. http://www.forexfactory.com/showthread.php?p=3000335#post3000335
2. http://www.forexfactory.com/showpost.php?p=3001354&postcount=161532
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #161,582
  • Aug 28, 2009 4:59am Aug 28, 2009 4:59am
[quote=Bull_Bear;3001717][quote=direct-trade;3001694]
Quoting albchr
Good Morning DT....

Thanks mate, made more than enough BEER money this week. Problem is I can't drink it cos I'm crook.

just means more next week bro!
  • #161,583
  • Aug 28, 2009 5:01am Aug 28, 2009 5:01am
Here's what I see today:
Attached Image (click to enlarge)
Click to Enlarge Name: gu 28-08-01.gif Size: 21 KB
  • #161,584
  • Aug 28, 2009 5:03am Aug 28, 2009 5:03am
[quote=nAVIN2007;3001721][quote=Bull_Bear;3001717]
Quoting direct-trade


just means more next week bro!
Hey NAV, how you going bro.... you going Live yet?
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #161,585
  • Aug 28, 2009 5:06am Aug 28, 2009 5:06am
[quote=Bull_Bear;3001735][quote=nAVIN2007;3001721]
Quoting Bull_Bear

Hey NAV, how you going bro.... you going Live yet?

yep live account.. apart from a dislocated shoulder im ok bro....
  • #161,586
  • Aug 28, 2009 5:08am Aug 28, 2009 5:08am
[quote=nAVIN2007;3001738][quote=Bull_Bear;3001735]
Quoting nAVIN2007


yep live account..
You have to start a ritual too bro, reward yourself everyday friday when you make more than +200 pips for the week.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #161,587
  • Aug 28, 2009 5:15am Aug 28, 2009 5:15am
Quoting direct-trade
Here's what I see today:
Direct-trade, could you answer a question about the upper trendline of your upward channel on your chart? I'm unclear as to how you have determined where the utl should start from. Have you drawn it there speculatively off a swing high, or are you basing it on some other criteria?
  • #161,588
  • Edited 5:21am Aug 28, 2009 5:20am | Edited 5:21am
resistence daily be carefull longs..
Attached Image (click to enlarge)
Click to Enlarge Name: gu resistence.gif Size: 23 KB
Don't compare your Trades with Others
  • #161,589
  • Aug 28, 2009 5:24am Aug 28, 2009 5:24am
Quoting daffy
Direct-trade, could you answer a question about the upper trendline of your upward channel on your chart? I'm unclear as to how you have determined where the utl should start from. Have you drawn it there speculatively off a swing high, or are you basing it on some other criteria?
Just speculative, not based on any criteria apart form gut feeling this is where it will be. "Not good", many will say, but it works for me.

At present I am more concerned that the LTL at 16270 area holds.
  • #161,590
  • Aug 28, 2009 5:26am Aug 28, 2009 5:26am
Quoting direct-trade
Just speculative, not based on any criteria apart form gut feeling this is where it will be. "Not good", many will say, but it works for me.

At present I am more concerned that the LTL at 16270 area holds.
Thanks.
  • #161,591
  • Aug 28, 2009 5:33am Aug 28, 2009 5:33am
Quoting direct-trade
Just speculative, not based on any criteria apart form gut feeling this is where it will be. "Not good", many will say, but it works for me.

At present I am more concerned that the LTL at 16270 area holds.
I Gotta ya thinking ay.... Plus 1.6385 coincide with the 50%..... than backed up by 1.6400 resistance. Gonna take a raging bull to take it
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #161,592
  • Aug 28, 2009 5:50am Aug 28, 2009 5:50am
Hi All,

This just popped up on my email, bit of an outlook for the GBP from RBS Bank, Argree/Disagree?

http://www.economy-news.co.uk/rbs-gbp-2808.html
  • #161,593
  • Aug 28, 2009 5:50am Aug 28, 2009 5:50am
Quoting Bull_Bear
I Gotta ya thinking ay.... Plus 1.6385 coincide with the 50%..... than backed up by 1.6400 resistance. Gonna take a raging bull to take it

Sure, but anything is possible today bro. Depends how much they want the stops. I think the Short squeeze is just warming up.

I would prefer for it to drop, as I was hoping to load more long term shorts, but I have to change direction like the market, which at the moment changes direction almost every other day/week.

Really looking forward to September trading and a little more volume/normality (ish). The chance to set and forget long term trades is something I have been waiting almost 3 months for this time around lol.
  • #161,594
  • Aug 28, 2009 5:52am Aug 28, 2009 5:52am
Quoting Bull_Bear
I Gotta ya thinking ay.... Plus 1.6385 coincide with the 50%..... than backed up by 1.6400 resistance. Gonna take a raging bull to take it
LOL...the last time you said we'd need a "BULL DOZER" we got one that smashed right through....

Hmmm...perhaps I'd better go long NOW....LOL
Ghost Rider - WWTBMD?
  • #161,595
  • Aug 28, 2009 6:02am Aug 28, 2009 6:02am
Quoting albchr
LOL...the last time you said we'd need a "BULL DOZER" we got one that smashed right through....

Hmmm...perhaps I'd better go long NOW....LOL
We need a BULL DOZER now, but only to 1.6385
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #161,596
  • Aug 28, 2009 6:08am Aug 28, 2009 6:08am
Quoting direct-trade
Sure, but anything is possible today bro. Depends how much they want the stops. I think the Short squeeze is just warming up.

I would prefer for it to drop, as I was hoping to load more long term shorts, but I have to change direction like the market, which at the moment changes direction almost every other day/week.

Really looking forward to September trading and a little more volume/normality (ish). The chance to set and forget long term trades is something I have been waiting almost 3 months for this time around lol.
I hear ya.... I see her sub 1.6000 level eventually.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #161,597
  • Aug 28, 2009 6:10am Aug 28, 2009 6:10am
Something to think about it, is that this is the last trading day of the month for London, as Monday is a public holiday in the UK. We might see an unwinding of positions later in the day.
  • #161,598
  • Aug 28, 2009 6:10am Aug 28, 2009 6:10am
Price @ 16332

This is going to be very interesting. Get ready....
Attached Image
  • #161,599
  • Aug 28, 2009 6:17am Aug 28, 2009 6:17am
Quoting Bull_Bear
We need a BULL DOZER now, but only to 1.6385
Theres my BULL DOZER
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #161,600
  • Aug 28, 2009 6:18am Aug 28, 2009 6:18am
Quoting albchr
LOL...the last time you said we'd need a "BULL DOZER" we got one that smashed right through....

Hmmm...perhaps I'd better go long NOW....LOL

I told ya!! DAM!! I shoulda went long....
Ghost Rider - WWTBMD?
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