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Cable Update (GBPUSD)

  • #164,461
  • Sep 9, 2009 5:10pm Sep 9, 2009 5:10pm
Quoting albchr
I like the sound of "implode" myself. Makes it sound like south and I'm holding short at 6575....

Took all freaking night and day to decide with this drippy PA though....
Nice position Chris , i think it will go to around 500 before london session .. Good luck
  • #164,462
  • Sep 9, 2009 5:18pm Sep 9, 2009 5:18pm
Quoting bidalufias
Kill,

what indicator do you use to help you with the gartley / butterfly pattern identification?

that butterfly on the USDX is very interesting!

zup indi
  • #164,463
  • Sep 9, 2009 5:24pm Sep 9, 2009 5:24pm
  •  sloof
  • | Joined Apr 2009 | Status: Birejji (ビレッジ) ►FOREX◄ | 141 Posts
I've heard rumors of the Bank Rate for the UK heading towards 0%!!! Tomorrow should be interesting...
  • #164,464
  • Sep 9, 2009 5:30pm Sep 9, 2009 5:30pm
here its the zup
Attached File(s)
File Type: zip ZUP_v64.zip   46 KB | 308 downloads
  • #164,465
  • Sep 9, 2009 5:35pm Sep 9, 2009 5:35pm
Quoting sloof
I've heard rumors of the Bank Rate for the UK heading towards 0%!!! Tomorrow should be interesting...

true it was on the news 2 days ago some of th MP'S asked king to lower it to 0% to keep the economy alive
  • #164,466
  • Sep 9, 2009 8:16pm Sep 9, 2009 8:16pm
Close my short position and buy from 1.6530 with stoploss 1.6520. I believe we have a strong support at 1.6522. Today i hope to see a bullish mode.
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #164,467
  • Sep 9, 2009 8:29pm Sep 9, 2009 8:29pm
Quoting kill
here its the zup
Thanks a bunch Kill!

Knowledge is endless!!! It is so interesting to see how these patterns form and they repeat themselves ever so often!
  • #164,468
  • Edited 9:20pm Sep 9, 2009 9:08pm | Edited 9:20pm
Quoting alex1976
Wormboy, you ready to jump on this northward train?
lol. yea & you expect me to long right under a major resistance? that's pretty idiotic. hate to break it to you kiddo, I'm not a newbie & this is not funny money I'm trading with.
I've said many times, daily close above 6600 & shorts are off, then I'll go long.
Thank You
  • #164,469
  • Sep 9, 2009 10:22pm Sep 9, 2009 10:22pm
wait and wait again
  • #164,470
  • Sep 9, 2009 10:53pm Sep 9, 2009 10:53pm
i took a short @6550 with a SL 6670 TP 6450
see u guyz in London session , Good luck
  • #164,471
  • Sep 9, 2009 10:56pm Sep 9, 2009 10:56pm
Hey wormie.what are your existing positions on gbpusd and gbpjpy?whats your take on gbp? quite a fair bit of news in UK at 430.i am positive gbp will be volatile...let me know your thoughts.many thanks
  • #164,472
  • Edited 11:18pm Sep 9, 2009 11:00pm | Edited 11:18pm
IMHO says long is prevailed, but I don't recomend to maker an entry untill H1/H4 holds (close/open) above at least 1.6570, but more better above 1.6597 ( R1) !
I myself hold long 1.6535, Target 1.6597, locked SL + 8 pips !
Attached Image (click to enlarge)
Click to Enlarge Name: 100909.gif Size: 57 KB
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #164,473
  • Sep 9, 2009 11:21pm Sep 9, 2009 11:21pm
Quoting wormboy
lol. yea & you expect me to long right under a major resistance? that's pretty idiotic. hate to break it to you kiddo, I'm not a newbie & this is not funny money I'm trading with.
I've said many times, daily close above 6600 & shorts are off, then I'll go long.
Wormboy, I know we aint laking funny money, and your a veterian etc, but yesterday I saui long and you were grabbing ytour shorts!!

Long it was!

Reisistance is major yes, but I'm just talking long on the pullback to previos resistence!

I don't know the trend after that as it changes from day to day.

Trend is you friend.
  • #164,474
  • Edited 11:49pm Sep 9, 2009 11:29pm | Edited 11:49pm
Quoting Yngwie
Close my short position and buy from 1.6530 with stoploss 1.6520. I believe we have a strong support at 1.6522. Today i hope to see a bullish mode.
Profit locked! so far so good...
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #164,475
  • Sep 9, 2009 11:56pm Sep 9, 2009 11:56pm
Quoting alex1976
Wormboy, I know we aint laking funny money, and your a veterian etc, but yesterday I saui long and you were grabbing ytour shorts!!

Long it was!

Reisistance is major yes, but I'm just talking long on the pullback to previos resistence!

I don't know the trend after that as it changes from day to day.

Trend is you friend.
Don't know what you're on about.
This was my entry 43 hours ago:
http://www.forexfactory.com/showpost...postcount=2843

And so far it's only move 29pips against me. It's gonna need to move more than that to convince me.
And I don't scalp. So we are not on the same page trading methods are concerned.
Thank You
  • #164,476
  • Sep 10, 2009 12:03am Sep 10, 2009 12:03am
Quoting alex1976
Trend is you friend.
.....
Ghost Rider - WWTBMD?
  • #164,477
  • Sep 10, 2009 12:05am Sep 10, 2009 12:05am
begin in 2 hr?...till tomorrow
  • #164,478
  • Sep 10, 2009 12:06am Sep 10, 2009 12:06am
Quoting wormboy
Don't know what you're on about.
This was my entry 43 hours ago:
http://www.forexfactory.com/showpost...postcount=2843

And so far it's only move 29pips against me. It's gonna need to move more than that to convince me.
And I don't scalp. So we are not on the same page trading methods are concerned.
Good Morning Azim...

Well I guess this puppy really is just gonna wait on today's news huh?
Ghost Rider - WWTBMD?
  • #164,479
  • Sep 10, 2009 12:08am Sep 10, 2009 12:08am
Quoting grashid
begin in 2 hr?...till tomorrow
which direction bro?
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #164,480
  • Sep 10, 2009 12:11am Sep 10, 2009 12:11am
Quoting albchr
Good Morning Azim...

Well I guess this puppy really is just gonna wait on today's news huh?
Hey good morning bro

Yes I suppose so. It's gonna be a crazy day. Stoploss is the mantra for the day
Thank You
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