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Cable Update (GBPUSD)

  • #161,721
  • Aug 28, 2009 10:30am Aug 28, 2009 10:30am
Quoting nAVIN2007
i dont like shorting my currency but hey....F**k it! live account is live account
I would short Liz Hurley if it paid me - and I love Liz Hurley (dont tell her indoors)
  • #161,722
  • Aug 28, 2009 10:32am Aug 28, 2009 10:32am
Quoting allserene
I would short Liz Hurley if it paid me - and I love Liz Hurley (dont tell her indoors)
i do as well..she is a babe

i say "f**t it! u think liz hurley..

allen u too funny man!
  • #161,723
  • Aug 28, 2009 10:38am Aug 28, 2009 10:38am
Quoting nAVIN2007
i do as well..she is a babe

i say "f**t it! u think liz hurley..

allen u too funny man!
Get ready NAV we are going to make a stack on a short and let it run and run for weeks

It will have such an 'in the money' that we can afford to leave it over the weekend with no s/l

3000 pips and sitting pretty - oops Liz again

If you don't call me Alan instead of Allen, I will have to turn into a Scotsman and grow big knees - yippee !
  • #161,724
  • Aug 28, 2009 10:45am Aug 28, 2009 10:45am
Quoting allserene
Get ready NAV we are going to make a stack on a short and let it run and run for weeks

It will have such an 'in the money' that we can afford to leave it over the weekend with no s/l

3000 pips and sitting pretty - oops Liz again

If you don't call me Alan instead of Allen, I will have to turn into a Scotsman and grow big knees - yippee !

yep im looking at big drop as well..alan
  • #161,725
  • Aug 28, 2009 11:15am Aug 28, 2009 11:15am
You see, now I have to back my big mouth....

Sooo.... I have to take my long. I took my long trade @ 1.6283. I can now close @ +3 and never post again, or stick it out ... make that +4..... ok, Fu*ck +6.....

Pakitrader, where are u?

Anyone? Anyone....Anyone.....
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  • #161,726
  • Aug 28, 2009 11:31am Aug 28, 2009 11:31am
u got to love it..
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  • #161,727
  • Aug 28, 2009 11:53am Aug 28, 2009 11:53am
Good evening....nAVIN2007

How is the arm? Sorted?

I am on the short term wrong side. The instant you think you "got it", you get nailed.

Humble pie, ice cream and beers. Now -18. Make that -17 He He He He

Like a gentleman, I have to practice what I preached -.

I will stick with my call and take the pains or gains as they present themselves.

Good trading..
  • #161,728
  • Aug 28, 2009 12:02pm Aug 28, 2009 12:02pm
Quoting TauTrader
Good evening....nAVIN2007

How is the arm? Sorted?

I am on the short term wrong side. The instant you think you "got it", you get nailed.

Humble pie, ice cream and beers. Now -18. Make that -17 He He He He

Like a gentleman, I have to practice what I preached -.

I will stick with my call and take the pains or gains as they present themselves.

Good trading..
practice, practice and pratice..determination in this is key

my arm is in a sling, cant do much but i have the right hand to press buy and sell so i can still trade..

feel like crap but what can u do..
thx for the concern bro..happy trading
  • #161,729
  • Aug 28, 2009 12:51pm Aug 28, 2009 12:51pm
Quoting TauTrader
Good evening,

Pakitrader, sorry bro - I am not making fun. I apologize if you thought otherwise. I will stick to my recommendation i did on your legit question asked. The numbers I have posted on your question, I will follow myself.

I have much to learn from you.

Please accept my apology - Not making fun.

R we GOOD?
Hey dont make apology iI have said nothing to you.
U r so sweet.

I never thought u making fun of me.
  • #161,730
  • Aug 28, 2009 5:24pm Aug 28, 2009 5:24pm
Quoting Petar_Serbia
Hi Guys,

I opened buy on GBP JPY at price 152.20 TP 153.20 SL 151.50 .For my strategy no trade on GBP USD,today eur-jpy i took 100 pips,sory i didnt post here in forum...



Cheers
TP Reached



Cheers
"Buy on fear, sell on greed !!!
  • #161,731
  • Aug 28, 2009 7:44pm Aug 28, 2009 7:44pm
Alert: Rumor in high circles in china , china will sell down their stock market in early october chinese golden week if this happens usd will sky rocket...

Put a note in your diary...
  • #161,732
  • Aug 29, 2009 7:53am Aug 29, 2009 7:53am
1st chart posted 28th shows my plan.

On Friday we reached 16380 and retraced to 16270 area as anticipated. Expected 16270 or slightly below to hold and move to 16440 etc as shown on chart here: http://www.forexfactory.com/showpost...stcount=161585

I also thought we would see a stop hunt, post here:

http://www.forexfactory.com/showthre...82#post2998082

That stop hunt could in actual fact turn into a bull move.

My longer term view earlier in the week was that we would fall heavily from this level, but watching the PA on Thursday PM/ Friday has led me to discount this senario and build shorts from 16178 area with targets up to and above 171. (Final taget 180)

I see most are shouting "Short", general opinion is a move South. I must stick to what I see until the market proves it wasn't right for my entry.

Looking at the daily and weekly, I see we are obviously still in the range from early June, this range looks like just a sideways move/consolidation within the upchannel trend from earlier in the year.

We are approaching the lower trendline on my chart. I thought that the lower trendline had already been breached this week, but after spending time going over my charts I see that I could be wrong in determining that the trendline had already been breached and retested. This may not be the case and in actual fact this level (16170 area) could be the lower trendline test seen on Friday.

The move down during the week just didn't seem right, the PA felt wrong. I am sticking to my tape reading holding Long. At 16370 area we had the move down for another lower entry price. The fact that many wanted to "See Short" helped price move when we wobbled towards 16270. Many piled up on shorts again in anticipation of the great move South...maybe we would like you to take it slightly lower so we can load up on yet more longs?

As for the weekly and monthly candles, yes I am well aware of what they show, both are bearish. I am also aware that this is still the summer and trading is not exactly what it should be.

I could be wrong of course, the market will decide.

All the best and enjoy the rest of the weekend.
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  • #161,733
  • Aug 29, 2009 8:58am Aug 29, 2009 8:58am
Though the daily & monthly trend is up but I think it will respect weekly for good shorts in this pair too.
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #161,734
  • Aug 29, 2009 9:11am Aug 29, 2009 9:11am
direct trade ive read many off your posts and respect your anaylsis but thats not a trend line imo we have a shooting star bearish firday h/s and fell right off the right s we retraced to the 50 fib level from the drop previous target and id be looking for targets down below than above i would wait for a signal to long this pair but i dont feel its right now i havent moved my trend line below
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  • #161,735
  • Edited 10:07am Aug 29, 2009 9:50am | Edited 10:07am
Quoting cohiba pips
direct trade ive read many off your posts and respect your anaylsis but thats not a trend line imo we have a shooting star bearish firday h/s and fell right off the right s we retraced to the 50 fib level from the drop previous target and id be looking for targets down below than above i would wait for a signal to long this pair but i dont feel its right now i havent moved my trend line below

No probs

I just think that because everyman and his dog is Short and see's only short, that a quick Stop run through 164/5/6 area would be sufficent to knock out 90%. A run through there could start huge momentum to the upside as shown in this older chart I posted. We are presently at the zig zag area on the light blue line on the chart between Stop loss area 1 and stop loss area 2.
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  • #161,736
  • Aug 29, 2009 9:56am Aug 29, 2009 9:56am
Quoting direct-trade
No probs

I just think that because everyman and his dog is Short and see's only short, that a quick Stop run through 164/5/6 area would be sufficent to knock out 90%. A run through there could start huge momentum to the upside.
that is very true..but that happenned last time..1.7 is where the stops are..PA certainly supports a fall..unless we gap on sunday..UP

bank holiday on monday..momentum could be low..good luck bro! we on different trains
  • #161,737
  • Aug 29, 2009 10:06am Aug 29, 2009 10:06am
Quoting nAVIN2007
that is very true..but that happenned last time..1.7 is where the stops are..PA certainly supports a fall..unless we gap on sunday..UP

bank holiday on monday..momentum could be low..good luck bro! we on different trains

Good to see you have gone live again bro, all the best with it, happy trading and good luck to you

A daily close below 16178 will invalidate my senario.
  • #161,738
  • Aug 29, 2009 10:11am Aug 29, 2009 10:11am
Quoting direct-trade
No probs

I just think that because everyman and his dog is Short and see's only short, that a quick Stop run through 164/5/6 area would be sufficent to knock out 90%. A run through there could start huge momentum to the upside as shown in this older chart I posted.
but where she will stop is a different story, I'm not sure longs will be too worried either way and others have stated monday will be a right off as we know, cable might drop lower on lower vol but vol and pa will be better from now till dec so - let the games begin

all the best
  • #161,739
  • Aug 29, 2009 10:20am Aug 29, 2009 10:20am
possible targets
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  • #161,740
  • Aug 29, 2009 10:35am Aug 29, 2009 10:35am
Quoting direct-trade
Good to see you have gone live again bro, all the best with it, happy trading and good luck to you

A daily close below 16178 will invalidate my senario.
thank u brother...
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