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Cable Update (GBPUSD)

  • #163,141
  • Sep 3, 2009 7:44am Sep 3, 2009 7:44am
the cable going to go down for a moment coz it has reached the highest resistance.
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  • #163,142
  • Sep 3, 2009 7:48am Sep 3, 2009 7:48am
i don't see any news about chinese buying gold
what is the news about?
Quoting ams
True BB but chinese are buying gold now and dumping dollar that gives the impression that future might be in trouble..
Or it might be because they are just hedging...

the only problem is we have one major news today another one tomorrow.....
anyhow, let's watch 64900, 65250 level
  • #163,143
  • Sep 3, 2009 7:48am Sep 3, 2009 7:48am
Quoting navhin
the cable has broken the triangular line showing us bullish movement going to take place.
Navhin, the bottom trend line does not have any credibility. You will need a min of 2 touches to form a credible trend. That is not a triangle formation breakout.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #163,144
  • Sep 3, 2009 7:48am Sep 3, 2009 7:48am
Quoting Bull_Bear
There she goes, level been respected..... Dame Wormie, if I didn't have lots loaded across other pairs I would have slapped another on her.
I'd like this beast to close lower and gimme an evening star doji before I get in tbh. Still waiting
Thank You
  • #163,145
  • Edited 8:08am Sep 3, 2009 7:49am | Edited 8:08am
Quoting albchr
LOL...come on buddy, how about some of that magic of yours? Other than being flat for the rest of this week, what's your take? Inquiring minds want to know......
lol...taking profits off longs wouldn't be the worst thing one can do...other than that I really don't want to get involved in any position going into NFP 2moro either way...
Hear the music before the song is over ...
  • #163,146
  • Sep 3, 2009 7:50am Sep 3, 2009 7:50am
Quoting nAVIN2007
why not both as a option....how the hell do we know?
  • #163,147
  • Sep 3, 2009 7:51am Sep 3, 2009 7:51am
Quoting navhin
the cable going to go down for a moment coz it has reached the highest resistance.
Man, why are you saying this when I'm in with long?
-- There's no winner without lose --
  • #163,148
  • Sep 3, 2009 7:51am Sep 3, 2009 7:51am
Quoting wormboy
I'd like this beast to close lower and gimme an evening star doji before I get in tbh. Still waiting
Looks possible...
  • #163,149
  • Sep 3, 2009 7:51am Sep 3, 2009 7:51am
I do not have such fancy charts and have difficulty explaining myself well...

But I wont go short before we close below 1.6325 on Cable and 150.80 on Geppy
  • #163,150
  • Sep 3, 2009 7:52am Sep 3, 2009 7:52am
Looks like some serious trading going on here. I m gonna follow it from now on.
  • #163,151
  • Sep 3, 2009 7:56am Sep 3, 2009 7:56am
Quoting Bull_Bear
Navhin, the bottom trend line does not have any credibility. You will need a min of 2 touches to form a credible trend. That is not a triangle formation breakout.
my drawing was a bit bad..if u take a look at the graph juz b4 the price go up...2 bearish candle was formed...
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  • #163,152
  • Sep 3, 2009 7:56am Sep 3, 2009 7:56am
Quoting Fx1618
I do not have such fancy charts and have difficulty explaining myself well...

But I wont go short before we close below 1.6325 on Cable and 150.80 on Geppy
i dont think you need any fancy charts... the 1H is currently showing an evening star formation as pointed out by wormie...

didnt know what it meant myself, so i went and googled it!

and it looks almost the same!
  • #163,153
  • Sep 3, 2009 7:57am Sep 3, 2009 7:57am
Quoting JamesCZ
Man, why are you saying this when I'm in with long?
sorry dude..i'm juz sharing what my system is saying.. but i think it going to go down for a moment only..
  • #163,154
  • Sep 3, 2009 7:58am Sep 3, 2009 7:58am
Quoting wormboy
I'd like this beast to close lower and gimme an evening star doji before I get in tbh. Still waiting
safety play......

I have a sell order for cable again....

1.6380... SL... 1.6490.... TP 1.6280
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #163,155
  • Sep 3, 2009 8:05am Sep 3, 2009 8:05am
Now closed 50% Longs from 16162 at 16362 for +200.

Anyone holding longs and not locked in from 100-200 pips, carefully observe this 1hr possible candle reversal formation and expect crappy PA until NFP tomorrow.

Ok, Im off for a while, see you after NFP tomorrow.

Happy trading
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 03-09-01.gif Size: 18 KB
  • #163,156
  • Sep 3, 2009 8:06am Sep 3, 2009 8:06am
Quoting direct-trade
Now closed 50% Longs from 16162 at 16362 for +200.

Anyone holding longs and not locked in from 100-200 pips, carefully observe this 1hr possible candle reversal formation and expect crappy PA until NFP tomorrow.

Ok, Im off for a while, see you after NFP tomorrow.

Happy trading
Well done mate
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #163,157
  • Sep 3, 2009 8:08am Sep 3, 2009 8:08am
Quoting navhin
my drawing was a bit bad..if u take a look at the graph juz b4 the price go up...2 bearish candle was formed...
I do not classify that TL to be credible....
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #163,158
  • Sep 3, 2009 8:09am Sep 3, 2009 8:09am
Quoting Bull_Bear
Well done mate
Cheers mate, sorry to see your wings clipped on that spike, really.

Im sure you'll still be pulling a few beers out of the bag before the week ends. Good luck bro and see you tom. NY NFP.
  • #163,159
  • Sep 3, 2009 8:09am Sep 3, 2009 8:09am
Quoting Bull_Bear
safety play......

I have a sell order for cable again....

1.6380... SL... 1.6490.... TP 1.6280
i'm with you BB
  • #163,160
  • Sep 3, 2009 8:11am Sep 3, 2009 8:11am
Quoting bidalufias
Looks possible...
There's the reversal formation. All I need now is for the H4 to engulf
Thank You
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