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Cable Update (GBPUSD)

  • #163,021
  • Sep 3, 2009 2:30am Sep 3, 2009 2:30am
GM & DT well done on your longs boys....

My last grasp for air is at 1.6410 for cable. Hopefully dragons rise would halt to slow cable rise. I would have added dragon if I'm not compensating cables losing positions.
Attached Image (click to enlarge)
Click to Enlarge Name: Dragon.JPG Size: 88 KB
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #163,022
  • Sep 3, 2009 2:31am Sep 3, 2009 2:31am
Quoting onios32
i'm giving a run that this meeting will make market bull for gu as asia market trades later//im goin for good pocket money tom..nites guy as im in malaysia..

i told you guys yesterday market will bull..long at 6250 n tp at 6400..im sure about this..lets see...
Play it HarD*
  • #163,023
  • Sep 3, 2009 2:32am Sep 3, 2009 2:32am
Quoting qp2
Many thanks WB confirmation is the word, I am also looking at the daily down chanell it has broken out of, and await confirmation as to if it will stay out or get back in.

No beer for me this week if the longs win.

Regards.
You're welcome.
Speaking of daily, we know where the line in the sand is.
Chris remembers this chart methinks
Attached Image (click to enlarge)
Click to Enlarge Name: guda.JPG Size: 70 KB
Thank You
  • #163,024
  • Sep 3, 2009 2:32am Sep 3, 2009 2:32am
[quote=bbmac;3019053]The 1hr chart below shows how everey pullback in the uptrend that developed off the lows found support (RBS) @ a previous swing hi=previous resistanbce=potential rbs including today when the pullback from 6338 found support at the confluence of the prev 1hr sw hi/the then 38.2% fib of the then i/day move up and topside of breeched 1hr descending resistance trend line (rbs)

SBR/RBS-a powerful tech phenomenon.

Thanks bbmac, I agree, I had to look up SBR ( support becomes resitance) , but last month I had to look up NFP.
Trust me I know these things but am still working on my "tech short hand"

I am a little out of my comfort zone having shorted at 6295, and 6307, and 63 22 and 44, have a TP on all at 6295 and and an embarrising long stop, I was caught out at the last NFP announcement.

Regards
  • #163,025
  • Sep 3, 2009 2:34am Sep 3, 2009 2:34am
0927 GMT [Dow Jones] GBP/USD's short-term outlook is bearish says Barclays Capital, although downside progress is proving difficult. Its recovery above 1.6270 brings the risk of consolidation before further losses, however BarCap looks for resistance between 1.6390 and 1.6415 to cap and will hold a short position below 1.6420 with downside targets of 1.6075 and 1.5980. GBP/USD now at 1.6355. (GST)

Contact us in London. +44-20-7842-9464
[b][i][email protected][/i][/b]
ex member
  • #163,026
  • Sep 3, 2009 2:34am Sep 3, 2009 2:34am
Quoting wormboy
You're welcome.
Speaking of daily, we know where the line in the sand is.
Chris remembers this chart methinks
Still have it in my folder buddy....
Ghost Rider - WWTBMD?
  • #163,027
  • Sep 3, 2009 2:35am Sep 3, 2009 2:35am
Quoting bbmac
It's worth pointing out, [and see-ing as I have time on my hands waiting for next decent set-up- this is advice particularly for newbies -When we enter a trade, none of us have any idea what is going to happen next...so when you hear these definate calls and absolute targets of where price is going in this and other forums, don't be fooled into thinking said callers have any more insight than what is available to you, they don't, although they may have more experience than you. Calls are based on an individual's own analysis of the techs/fundies...
tom u the man! ........so bloody true
if we knew 100% this was going here and there.....there be no need for mm and every1 would be rich....
  • #163,028
  • Sep 3, 2009 2:35am Sep 3, 2009 2:35am
Quoting wormboy
You're welcome.
Speaking of daily, we know where the line in the sand is.
Chris remembers this chart methinks
Wormie, she's behaving like a real bitch.... but I hear you bro... You side line are u?
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #163,029
  • Sep 3, 2009 2:38am Sep 3, 2009 2:38am
Quoting albchr
Still have it in my folder buddy....
nice one brother
Thank You
  • #163,030
  • Sep 3, 2009 2:39am Sep 3, 2009 2:39am
Quoting nAVIN2007
tom u the man! ........so bloody true
if we knew 100% this was going here and there.....there be no need for mm and every1 would be rich....

bro wat does mm means here?enlighten me pls..
Play it HarD*
  • #163,031
  • Sep 3, 2009 2:39am Sep 3, 2009 2:39am
Thanks God

Today is a great Party for all our Long

Great Calls all

TKS
  • #163,032
  • Sep 3, 2009 2:41am Sep 3, 2009 2:41am
Quoting Bull_Bear
GM & DT well done on your longs boys....

My last grasp for air is at 1.6410 for cable. Hopefully dragons rise would halt to slow cable rise. I would have added dragon if I'm not compensating cables losing positions.
Thanks bro...
I see you liked dragon.....I had a couple of good trades with it but generally I stay away from it.....I can see why you guys love it, it's a temptation for sure...
Hear the music before the song is over ...
  • #163,033
  • Sep 3, 2009 2:41am Sep 3, 2009 2:41am
Quoting Bull_Bear
Wormie, she's behaving like a real bitch.... but I hear you bro... You side line are u?
lol yea bro, still waiting. My H4 channel's gone. And price is testing this s/r. I won't move in until I get a confirmation which side of the line she ends up at.
Think your short is safe under this line, the only worry is a sudden spike

Good luck bro, told gm this yesterday, thought I'd remind you too - don't get carried away
Thank You
  • #163,034
  • Sep 3, 2009 2:41am Sep 3, 2009 2:41am
this pair is driving me crazy

my system tells me its about to fall
but its holding quite well....

still waiting for confirmation tho
Lets Soar The Sky
  • #163,035
  • Sep 3, 2009 2:42am Sep 3, 2009 2:42am
Quoting GlobalMacro
Thanks bro...
I see you liked dragon.....I .had a couple of good trades with it but generally I stay away from it.....I can see why you guys love it, it's a temptation for sure...
dragon ...
Thank You
  • #163,036
  • Sep 3, 2009 2:46am Sep 3, 2009 2:46am
Quoting qp2
I also ahve the same question, from the house of pain I can see a tripple top on the daily, the hourly and the 4 hourly, is it valid, or does some other technical argue against it? I am open to all comments.

Many thanks Guys.
seeing before tops we may see down move ?
short sl 6380
  • #163,037
  • Sep 3, 2009 2:47am Sep 3, 2009 2:47am
Quoting wormboy
dragon ...
lol...Oh yea..DragoNite...
Hear the music before the song is over ...
  • #163,038
  • Sep 3, 2009 2:48am Sep 3, 2009 2:48am
Quoting onios32
bro wat does mm means here?enlighten me pls..
He is talking about money management in this context, mm can also mean mickey mouse a completely diferent concept meaning "disneylandish"

I hope I dont confuse the issue by saying some times my MM (money management) is MM mickey mouse, this leads to loses getting out of hand.

I feel my major mistakes are now in the past, if they are not I cannot afford to keep trading.

I hope this helps.
  • #163,039
  • Sep 3, 2009 2:49am Sep 3, 2009 2:49am
Quoting wormboy
dragon ...
once u get used to its personality its a great pair to trade.

Just need to keep in mind when the queen sneeze it Spikes 50 pips easily and then correct itself.

Attached Image
  • #163,040
  • Sep 3, 2009 2:49am Sep 3, 2009 2:49am
Quoting wormboy
dragon ...

I have found (through EO'S thread) that I like the EJ. It's kind of a baby dragon and a good way for us new dragon slayers to get our feet wet...LOL
Ghost Rider - WWTBMD?
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