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Cable Update (GBPUSD)

  • #162,021
  • Aug 31, 2009 11:08am Aug 31, 2009 11:08am
Quoting nAVIN2007
talk about a 180

amazing how trading changes when i go live...this is coming like a tornado
that tricky pin!...you see that's what I was talking about this morning...exactly for this reason I didn't trust it....learned a lot...
Cable is like a panther...a treacherous cat...
Hear the music before the song is over ...
  • #162,022
  • Aug 31, 2009 11:12am Aug 31, 2009 11:12am
Quoting GlobalMacro
that tricky pin!...you see that's what I was talking about this morning...exactly for this reason I didn't trust it....learned a lot...
Cable is like a panther...a treacherous cat...
good decision bro
i didnt see this happening....still it needs to take the pin out for me to be wrong
  • #162,023
  • Aug 31, 2009 11:17am Aug 31, 2009 11:17am
Quoting $maker
whats happening?
Oil is below 70 .. still GU rising..
Somebody had to own the OIL etf and have a cable short too

Wish it was someone else that's all !

No sweat - buying/selling opportunity say the ever optimistic
  • #162,024
  • Aug 31, 2009 11:18am Aug 31, 2009 11:18am
alan what u thinking buddy?
  • #162,025
  • Aug 31, 2009 11:23am Aug 31, 2009 11:23am
10 hours straight that i am on the forum..
FOREX ADDICT
  • #162,026
  • Aug 31, 2009 11:27am Aug 31, 2009 11:27am
Quoting nAVIN2007
alan what u thinking buddy?
I am thinking short but i need it to dive significantly and then try to go up again

I have learned that when it putters along in straight line after a big rise, it normally rises again

not always

when its a jittery mkt it can - but this doesnt seem jittery enough

got 3mini shorts on at 63 but not confident
  • #162,027
  • Aug 31, 2009 11:29am Aug 31, 2009 11:29am
Quoting GlobalMacro
OK...I am reestablishing my long position here @ 1.6199...
Price rallied into 1.6331 highs today. My long position from 1.6199 set earlier today still kicking and in the money 116 pips here @ 1.6315
Will continue to hold longs...
Attached Image
Hear the music before the song is over ...
  • #162,028
  • Aug 31, 2009 11:30am Aug 31, 2009 11:30am
Quoting allserene
I am thinking short but i need it to dive significantly and then try to go up again

I have learned that when it putters along in straight line after a big rise, it normally rises again

not always

when its a jittery mkt it can - but this doesnt seem jittery enough

got 3mini shorts on at 63 but not confident
at least theres a hammer inverted 30m
  • #162,029
  • Aug 31, 2009 11:32am Aug 31, 2009 11:32am
any one looking at pending orders?..
pending shorts at 1.633 for me
  • #162,030
  • Aug 31, 2009 11:35am Aug 31, 2009 11:35am
Looking at the current 15min chart, price is in an area with a lot of confluence around it. I have numbered these barriers:

1) Friday's high of 1.6303
2) Friday's close of 1.6283
3) Last Week's avg price trendline @ 1.6275
4) Today's open price @ 1.6268
5 & 7) Friday's low which is also now the 50% line of this week @ 1.6255
6) Last week Thursday close @ 1.6247

With a possible pin forming on the 1hr, bias for me is short. I will only consider longs should price break 1.6347 ( last week's 50% line). Still early in the week, but overall bias for the week is short. Meaning that we will most probably close the week below 1.6185. For today, I would like to see price move down to close in the region of 1.6250 to 1.6260, or at least make a turn there in the next couple of hours.

If price clearly breaks 1.6303, I will short to 1.6280 and watch PA - if this level breaks, I aim for 1.6260. Then out.

No longs until we break 1.6347.

Good trading all
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  • #162,031
  • Aug 31, 2009 11:37am Aug 31, 2009 11:37am
Quoting TauTrader
Looking at the current 15min chart, price is in an area with a lot of confluence around it. I have numbered these barriers:

1) Friday's high of 1.6303
2) Friday's close of 1.6283
3) Last Week's avg price trendline @ 1.6275
4) Today's open price @ 1.6268
5 & 7) Friday's low which is also now the 50% line of this week @ 1.6255
6) Last week Thursday close @ 1.6247

With a possible pin forming on the 1hr, bias for me is short. I will only consider longs should price break 1.6347 ( last week's 50% line). Still early in the week, but overall bias for...
enjoy yur first vouche..
  • #162,032
  • Aug 31, 2009 11:56am Aug 31, 2009 11:56am
Quoting UncleSam123
Buy GBP/JPY @ 150.82 Open Stop Loss Target 152.00
Buy GBP/USD @ 1.6220 Open Stop Loss Target 1.6300
Good Work
  • #162,033
  • Aug 31, 2009 11:57am Aug 31, 2009 11:57am
Thank you, nAVIN2007

I will cherish. Thank you, Allserene. Appreciated.

Highest regards
  • #162,034
  • Aug 31, 2009 12:30pm Aug 31, 2009 12:30pm
Quoting TauTrader
Thank you, nAVIN2007

I will cherish. Thank you, Allserene. Appreciated.

Highest regards

"Always remember you're unique, just like everyone else. All generalizations are false, including this one."


OK Tau...this signature of yours has kept me busy thinking for some time...I need clarification on this please...

is it supposed to convey one of these philosohies?

A) does the latter contradict the former
B) the latter negates merely itself
C) if the latter contradicts the former then there's no-one who is unique
D) if the latter negates itself then the former should be true


OR

is this just some kind of Zen psychology to keep the mind empty or drive one insane?....


Cheers
GM
Hear the music before the song is over ...
  • #162,035
  • Aug 31, 2009 12:42pm Aug 31, 2009 12:42pm
dang , i am ready to here the yogi bear song
  • #162,036
  • Aug 31, 2009 12:44pm Aug 31, 2009 12:44pm
Quoting trabagwe
dang , i am ready to here the yogi bear song
zen, yogi...OMG!...All we need now is Wormie's "Guru Nanak" and we're all set...
Hear the music before the song is over ...
  • #162,037
  • Aug 31, 2009 12:54pm Aug 31, 2009 12:54pm
Any one short as of now?.. tgt?
  • #162,038
  • Aug 31, 2009 12:55pm Aug 31, 2009 12:55pm
Quoting UncleSam123
Buy GBP/JPY @ 150.82 Open Stop Loss Target 152.00
Buy GBP/USD @ 1.6220 Open Stop Loss Target 1.6300
GBP/USD +80 pips
GBP/JPY Put Stop Loss to Brake Even, still holding until 152.00
  • #162,039
  • Aug 31, 2009 12:59pm Aug 31, 2009 12:59pm
Good day to you all,

Barriers have stacked up heavily under the lady's backside. Like sitting on a swing....

Some serious and purposeful destruction from her side to take place first before she can kick into 2nd gear to the downside. Will have to step back a couple of times to ram her way through.... but she is capable. This we know. Tomorrow may be an up day. I shall check the charts a bit later tonight to get more clarity. For now, I am bowing and stepping aside. In theory, she still has room to 1.6380 to go and make a comeback. I have a feeling she may go and take a wide turn to build up steam for the jump lower towards the end of the week.
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  • #162,040
  • Aug 31, 2009 1:05pm Aug 31, 2009 1:05pm
Quoting GlobalMacro
"Always remember you're unique, just like everyone else. All generalizations are false, including this one."


OK Tau...this signature of yours has kept me busy thinking for some time...I need clarification on this please...

is it supposed to convey one of these philosohies?

A) does the latter contradict the former
B) the latter negates merely itself
C) if the latter contradicts the former then there's no-one who is unique
D) if the latter negates itself then the former should be true


OR

is this just some kind of Zen psychology...
GM, you have now opened up a can of worms.... The answer to your proposals are:

1) Yes
2) Correct
3) Absolutely
4) Yip

OR

Maybe....

Highest regards
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