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Cable Update (GBPUSD)

  • #164,281
  • Sep 9, 2009 3:37am Sep 9, 2009 3:37am
Ok so bad news event for gbp and it's going up?!
  • #164,282
  • Sep 9, 2009 3:38am Sep 9, 2009 3:38am
Quoting JamesCZ
Really? When I look on 1H I see potentional double bottom at 6480. Last hour closed just on this level..so it may be the impulse to go up. My short was closed with +1, now waiting..

REALLY?

when i see h1 chart it has a big bad bearish engulfing bar for a double top how is that
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #164,283
  • Sep 9, 2009 3:40am Sep 9, 2009 3:40am
Quoting Eduardo
Ok so bad news event for gbp and it's going up?!
think like a trader bro dont think like economist ..it goes up as big brothers wan kill small traders...
Play it HarD*
  • #164,284
  • Sep 9, 2009 3:41am Sep 9, 2009 3:41am
Quoting onios32
think like a trader bro dont think like economist ..it goes up as big brothers wan kill small traders...

dont ever forget that Big brother is watching you
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #164,285
  • Sep 9, 2009 3:42am Sep 9, 2009 3:42am
Quoting onios32
think like a trader bro dont think like economist ..it goes up as big brothers wan kill small traders...
It's a double bluff then? Small traders see the news and go short, the big traders hoover up the stops.
  • #164,286
  • Sep 9, 2009 3:43am Sep 9, 2009 3:43am
Quoting djambazov84
REALLY?

when i see h1 chart it has a big bad bearish engulfing bar for a double top how is that

Hehe and that's why everybody trade his own system I don't see double top, that second move up wasn't at the same level. And 6480 doesn't have clear break out ATM...so we'll see where's it going
-- There's no winner without lose --
  • #164,287
  • Sep 9, 2009 3:44am Sep 9, 2009 3:44am
Quoting albchr
Taking it's own sweet time but starting to add up now...lol

Just moved stop to 6510 and took half at 6455.

what made u keep shorts even though u were in drawdown at some point
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #164,288
  • Sep 9, 2009 3:44am Sep 9, 2009 3:44am
Quoting Eduardo
Ok so bad news event for gbp and it's going up?!

LOL...don't treat every "little" change in direction like it's a "BIG" change in direction. I see a little bounce off 6550 support here. Probably 6580/90 "maybe" 6500 max and then down again.

Just MHO of course. I could be completely wrong.
Ghost Rider - WWTBMD?
  • #164,289
  • Sep 9, 2009 3:49am Sep 9, 2009 3:49am
The current low is the 50% fib of yesterday's 6320-6586 move up...price remains above the weekly pivot but now below mthly and daily, correct at time of writing.

G/L
ex member
  • #164,290
  • Sep 9, 2009 3:50am Sep 9, 2009 3:50am
Quoting djambazov84
what made u keep shorts even though u were in drawdown at some point

Pretty strong S/R at 6570/80 from yesterday. And then of course really strong S/R at 6600. Had it broken that I would have killed it.

I try very hard to avoid large draw down but hey, it's part of the business so you have to expect it at times.
Ghost Rider - WWTBMD?
  • #164,291
  • Sep 9, 2009 3:51am Sep 9, 2009 3:51am
Quoting albchr
LOL...don't treat every "little" change in direction like it's a "BIG" change in direction. I see a little bounce off 6550 support here. Probably 6580/90 "maybe" 6500 max and then down again.

Just MHO of course. I could be completely wrong.
Oh I'm happy with that idea too, just wondering at the news event sending the price the opposite way to the logical way. It happens all the time but always interests me.

I'm pretty sure it's going to end up somewhere near daily s1 at 1.63524 but like you say I could be completely wrong too
  • #164,292
  • Sep 9, 2009 3:51am Sep 9, 2009 3:51am
Quoting albchr
Pretty strong S/R at 6570/80 from yesterday. And then of course really strong S/R at 6600. Had it broken that I would have killed it.

I try very hard to avoid large draw down but hey, it's part of the business so you have to expect it at times.

did u add when u saw the 15min tweezer pinbars i`m kicking myself for not doing it...
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #164,293
  • Sep 9, 2009 3:52am Sep 9, 2009 3:52am
what's up playaz
Thank You
  • #164,294
  • Sep 9, 2009 3:55am Sep 9, 2009 3:55am
Quoting Eduardo
It's a double bluff then? Small traders see the news and go short, the big traders hoover up the stops.
haha..the fundamental news makes small traders go short but big brothers will build trust on you then later slaughter you back..watch carefully in m30 candle..
will go north now..
Play it HarD*
  • #164,295
  • Sep 9, 2009 3:56am Sep 9, 2009 3:56am
Quoting wormboy
what's up playaz
wot's up Wormie.... You still rooting the downside are you?
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #164,296
  • Sep 9, 2009 3:56am Sep 9, 2009 3:56am
could be a nasty flag shorts beware
Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 136 KB
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #164,297
  • Sep 9, 2009 3:57am Sep 9, 2009 3:57am
1hr might close as a pinbar..few mins to go yet
ex member
  • #164,298
  • Sep 9, 2009 3:59am Sep 9, 2009 3:59am
we might go up now... since pivot @ 6469
  • #164,299
  • Sep 9, 2009 3:59am Sep 9, 2009 3:59am
Quoting bbmac
1hr might close as a pinbar..few mins to go yet

yep with good volume to support it...
i would treat the m15 chart as if its forming a channel or even a bull flag
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #164,300
  • Sep 9, 2009 3:59am Sep 9, 2009 3:59am
Quoting djambazov84
did u add when u saw the 15min tweezer pinbars i`m kicking myself for not doing it...
Nope...lol The position I had was all I wanted on the table at one time. But that and the 30m pin sure was a good sign to go for it huh?
Ghost Rider - WWTBMD?
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