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Cable Update (GBPUSD)

  • #162,421
  • Sep 1, 2009 4:50pm Sep 1, 2009 4:50pm
Morning guys,

BEER Friday well in the making for me....

Last nights warning....

http://www.forexfactory.com/showpost...stcount=162253

Todays outcome.... Look to drop her again at 1.6200 / 20

Sub 1.6000 plan well in the making
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Veni, Vidi, Vici (We came, we saw, we conquered)
  • #162,422
  • Sep 1, 2009 4:58pm Sep 1, 2009 4:58pm
Quoting direct-trade
lol.

This could be a large bear trap, just like the last one I called just before it rose 600 pips.

The problem here is many do not realise they could be on the wrong side of the market.

This week could scare the living sh*t out of a lot of shorts.

As you know I have already taken TP 1 and 2 with the SL at BE@ 16178, I will continue to hold long until the market shows me it was not ready for my entry.

Roll on NFP

Right, back to my scalping, see you tomorrow. Happy trading
DT Another "CRACK", dame you boys are putting on a load for me to carry

Alright enough trash talk....

See you guys at the London session
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #162,423
  • Sep 1, 2009 5:30pm Sep 1, 2009 5:30pm
I am guessing no major move untill about payroll tom
Its all in the mind.
  • #162,424
  • Sep 1, 2009 6:18pm Sep 1, 2009 6:18pm
Quoting wormboy
But whatever, some people will never learn. good luck going long.
To those selling, good luck too

UK blood to drink soon its no doubt!
As you say, it won't come into a straight line.
But 1.60, 59, 58 is on his way...
  • #162,425
  • Sep 1, 2009 6:26pm Sep 1, 2009 6:26pm
I agree with the other guy and u that 58, 59 would be visited. But people going long are justified too. 6150 is a confluence of $h!t load of supports it is monthly low too.

So If i wanna go long and grab a couple dozen on the upside???? most were short here last night (including me) and then it went up 120 pips before crashing.

Quoting Inzider
UK blood to drink soon its no doubt!
As you say, it won't come into a straight line.
But 1.60, 59, 58 is on his way...
Its all in the mind.
  • #162,426
  • Sep 1, 2009 6:36pm Sep 1, 2009 6:36pm
been going on about this for WEEKS now ....

my mate reckons 1.7300 ... told me I am going to blow my account ..lol .. great mate he is...damn sounds like that guy on here a while back when i said 1.6100...

close under 1.6000 takes us to the 2 fib confluence areas shown 1.5600 my fav .. maybe a little bounce there then 1.4000 ? who knows lets take this one step at a time

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Blogging daily now at www.volume.zone
  • #162,427
  • Sep 1, 2009 6:44pm Sep 1, 2009 6:44pm
................
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  • #162,428
  • Sep 1, 2009 7:04pm Sep 1, 2009 7:04pm
What a nice trade yesterday...
  • #162,429
  • Sep 1, 2009 7:05pm Sep 1, 2009 7:05pm
Quoting Turveyd
There seems to be fairly accurately 3 trend changes per day, GMT UK open 9:30, US Open 2:30 and 00:30 Asia open, which if you get in early enough and ride will work well, if you hold from 1 to the other you'll likely just get bounced around.
yes I agree bounced around

So if you are a x days horizon trader you need strong nerves and/or a small position - meant to only be significant after x days and 600 pips or so

I quite like doing that but anything bigger than that for long term is too scary so yes - in at the 3 market openings as soon as they show their hand - and after a small pullback if poss

However, we Pacific time bods can either lose our beauty sleep by staying up, or trade the boring hours, or play long term and small - no win situation
  • #162,430
  • Sep 1, 2009 7:09pm Sep 1, 2009 7:09pm
Quoting ijan112
What a nice trade yesterday...
yes i had a nice one today but lost my nerve after a nice haul

came back in later but what i really really want is 400 pipper when I am loaded !

I want a really greedy one now and with all thne dithering on shares, it could happen

However I am slowly edging into shares coz I am losing hope of 8700 - I am scaling in lightly today as these nutters might take it to 10k

If it goes to 8700 I am buying the street
  • #162,431
  • Sep 1, 2009 7:18pm Sep 1, 2009 7:18pm
i know it will continue down today til 1.60xx
  • #162,432
  • Sep 1, 2009 8:10pm Sep 1, 2009 8:10pm
Quoting Bull_Bear
DT Another "CRACK", dame you boys are putting on a load for me to carry

Alright enough trash talk....

See you guys at the London session
lol. Went long again at mid 161 earlier after being stopped out at BE, posted it in the thread earlier somewhere...with a nice pic of some lemmings jumping off a cliff lol.

I'll keep my SL at 16001, because as you know this isn't going sub 160 bro lol.

Happy trading and good luck to you BB, see you LDN
  • #162,433
  • Sep 1, 2009 8:13pm Sep 1, 2009 8:13pm
big ass suppport (edit: read support zone) at 6150 and 6102, when that goes 60 is very reachable.

But that wont come this session. With bad numbers from GB tom morning 60 will be taken , ofcourse if the AU GDP surprises me in next 30 mins all bets are off


Quoting direct-trade
lol. Went long again at mid 161 earlier after being stopped out at BE, posted it in the thread earlier somewhere...with a nice pic of some lemmings jumping off a cliff lol.

I'll keep my SL at 16001, because as you know this isn't going sub 160 bro lol.

Happy trading and good luck to you BB, see you LDN
Its all in the mind.
  • #162,434
  • Sep 1, 2009 8:40pm Sep 1, 2009 8:40pm
is gbp start to going up from now ?
  • #162,435
  • Sep 1, 2009 8:58pm Sep 1, 2009 8:58pm
Quoting Jimz
is gbp start to going up from now ?
Relax. You'll see a bounce of some sort during the Asian session.
Followed by another plummet in the london session.

Don't let the same dog bite you twice. -- Chuck Berry
  • #162,436
  • Sep 1, 2009 9:51pm Sep 1, 2009 9:51pm
Quoting pippingFury
Relax. You'll see a bounce of some sort during the Asian session.
Followed by another plummet in the london session.

  • #162,437
  • Sep 1, 2009 10:13pm Sep 1, 2009 10:13pm
any suggestions for today's trade?
  • #162,438
  • Sep 1, 2009 10:21pm Sep 1, 2009 10:21pm
Can anyone post the indi that shows Daily OHLC on the sreen on all TF
Thanks in advance
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #162,439
  • Sep 1, 2009 10:45pm Sep 1, 2009 10:45pm
I have now entered my short @ 1.6152. My target for today :

1st target - @ 1.6112, then Round number 1.6100

But I would like price to make its way towards 1.6000. I will sell more if we get back to 1.6180/1.6200 to average a slightly better price. I can not see a projected close target as it's off my chart. But all indications towards another southbound train today. Mostly one-way traffic....

Wish you all a good trading day.
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  • #162,440
  • Sep 1, 2009 10:56pm Sep 1, 2009 10:56pm
Quoting navhin
any suggestions for today's trade?
This is the way i see it
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The finest tool in the world still needs a MAN who KNOWS how to use it.
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