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Cable Update (GBPUSD)

  • #164,181
  • Sep 8, 2009 10:22am Sep 8, 2009 10:22am
Quoting nAVIN2007
something interesting here....if i have my lines correct theres a good chance dollar may increase in strength...
GO Go go....go get it right man!
  • #164,182
  • Sep 8, 2009 10:25am Sep 8, 2009 10:25am
Quoting pippingFury
Looks highly probable. Perhaps a short from there as well, no?
yeap! i agree with u based on my set up too on 15min and 1H
  • #164,183
  • Sep 8, 2009 10:29am Sep 8, 2009 10:29am
Good day to you all,

The convergence of fib's, trendlines and waves or legs are always a favourite for me and I will always take these. Just through observation, these seem to hold quite often and will serve as a "springboard" for price to depart from in the opposite direction.

The uptrend is however strong and has been in play for some time.

The daily chart shows that price has broken out from an UTL - the 1HR may hold for a pullback, based on the convergence of all these points on the 1hr, but I am not convinced...

Good trading
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  • #164,184
  • Sep 8, 2009 10:30am Sep 8, 2009 10:30am
Quoting nAVIN2007
something interesting here....if i have my lines correct theres a good chance dollar may increase in strength...
Man, I STILL need to get me a dollar index chart. Been meaning to do that for weeks now and keep forgetting....
Ghost Rider - WWTBMD?
  • #164,185
  • Sep 8, 2009 10:30am Sep 8, 2009 10:30am
Next H1/H4 another 30 minutes --> holds above 1.6570 I'm out, otherwise go short !
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I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #164,186
  • Sep 8, 2009 10:31am Sep 8, 2009 10:31am
Quoting albchr
Yeah I did pretty well with my long from 6344 this morning so I can afford to give a few back without the day being a loss. I'll hold this 6560 short for a little longer as well. A breach/break of 6590 and I'll kill it too though.
what do u think of this east now. i think its down we go. a mini double top on 15min tf
  • #164,187
  • Sep 8, 2009 10:40am Sep 8, 2009 10:40am
Quoting beejay
what do u think of this east now. i think its down we go. a mini double top on 15min tf
Looks good ATM. Let's see what happens around the 30/15 area this time. I've added a 25 pip trailing stop to it though.
Ghost Rider - WWTBMD?
  • #164,188
  • Sep 8, 2009 10:42am Sep 8, 2009 10:42am
come on GBP Drop it like it's hot..drop it like it's hot! drop it like it's hot
  • #164,189
  • Sep 8, 2009 10:42am Sep 8, 2009 10:42am
Quoting roreki
am short @ 1.6565
Closed now @ 1.6520

Good luck guyz
  • #164,190
  • Sep 8, 2009 10:42am Sep 8, 2009 10:42am
Quoting nAVIN2007
what the heck....might as well
looks like patience is paying off.
I still say dragon is now in retracement & downtrend will resume. Unless price close above utl3 circa 153.50 level.
That channel ltl breaks, I'll get paid @147.
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Thank You
  • #164,191
  • Sep 8, 2009 10:44am Sep 8, 2009 10:44am
Whacked a long on last night pacific time - so it looks like the cats can have some classy cat food this week

Closed it a few minutes ago

Trying a small short for an hour or so max

sold my shares that have made over 13% - mainly oil like TOTAL france which has got a double lift with the euro

Still got a chunk in cash

Its stopped raining and all is well

I dont get many days this good so i will have a bagel to celebrate

ps the short worked and DOW is back to down to only 25 up...

closing now and waiting
  • #164,192
  • Sep 8, 2009 10:48am Sep 8, 2009 10:48am
Quoting K Ryan
come on GBP Drop it like it's hot..drop it like it's hot! drop it like it's hot
Best TA I've seen in a long time. I'm with you on that.
Don't let the same dog bite you twice. -- Chuck Berry
  • #164,193
  • Sep 8, 2009 10:49am Sep 8, 2009 10:49am
Quoting albchr
Man, I STILL need to get me a dollar index chart. Been meaning to do that for weeks now and keep forgetting....
it all helps bro...especially in that trade....
  • #164,194
  • Sep 8, 2009 10:52am Sep 8, 2009 10:52am
Quoting roreki
Closed now @ 1.6520

Good luck guyz
Me too my friend. play safe..just put a big lot and small TP..and we rich
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #164,195
  • Sep 8, 2009 10:56am Sep 8, 2009 10:56am
Quoting albchr
Looks good ATM. Let's see what happens around the 30/15 area this time. I've added a 25 pip trailing stop to it though.
im out at the moment will enter again at upper PA or if it breakthe next support
  • #164,196
  • Sep 8, 2009 10:56am Sep 8, 2009 10:56am
Quoting Yngwie
Me too my friend. play safe..just put a big lot and small TP..and we rich
Pure scalping
Good luck 2 all of us mate , hope we all get rich one day
  • #164,197
  • Sep 8, 2009 10:56am Sep 8, 2009 10:56am
looks like she gonna stuck at daily pivot lines at 1.65043.
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #164,198
  • Sep 8, 2009 11:00am Sep 8, 2009 11:00am
Quoting K Ryan
come on GBP Drop it like it's hot..drop it like it's hot! drop it like it's hot


VERSE !

Hey yo,tell the cable to drop it,
,cos its hot and sttin on top,
dont flop,cos we gon break the table,
no sickles or chisels,just my lil cable needles,
this moves got me thinkin,like what kind of drinkam drinkin
,sweet wines i think i'm sippin....just tink of flippin it
and waitin to see it on the greenie side.....

Chorus....

Cable,you are my babie..
Com home to poppa...
Cos its reela...

Chorus till fade.......
  • #164,199
  • Sep 8, 2009 11:00am Sep 8, 2009 11:00am
Quoting beejay
im out at the moment will enter again at upper PA or if it breakthe next support
Still holding. My 4h closes in a minute and it's looking like a nice DBHLC so hopefully, we'll see some further south.
Ghost Rider - WWTBMD?
  • #164,200
  • Sep 8, 2009 11:04am Sep 8, 2009 11:04am
Quoting K Ryan
come on GBP Drop it like it's hot..drop it like it's hot! drop it like it's hot
...short!!!
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