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Cable Update (GBPUSD)

  • #164,481
  • Sep 10, 2009 12:18am Sep 10, 2009 12:18am
Quoting wormboy
Hey good morning bro

Yes I suppose so. It's gonna be a crazy day. Stoploss is the mantra for the day
Got that right brother. I just hope she sinks far enough before all the whipsawing begins so she doesn't take me out....lol

Was kind of hoping the Asian session would take her down a bit more but, oh well. Should be interesting at any rate...
Ghost Rider - WWTBMD?
  • #164,482
  • Sep 10, 2009 12:50am Sep 10, 2009 12:50am
Morning all, well lets see who is in control today, trade what we see and if thats backed by a thought great but do not let your thoughts rule your mind......
  • #164,483
  • Sep 10, 2009 2:26am Sep 10, 2009 2:26am
Quoting grashid
begin in 2 hr?...till tomorrow

  • #164,484
  • Sep 10, 2009 2:31am Sep 10, 2009 2:31am
  •  refugee
  • | Joined Aug 2009 | Status: Be patient, cautious, & skeptical. | 50 Posts
I'm sharing everyone's neurotic sentiment right now. From what I see on the bigger time-frames it goods to be a good short call. However in the wise words of LeVar Burton,"Don't take my word for it."
Attached Image
  • #164,485
  • Sep 10, 2009 2:51am Sep 10, 2009 2:51am
Quoting albchr
Got that right brother. I just hope she sinks far enough before all the whipsawing begins so she doesn't take me out....lol

Was kind of hoping the Asian session would take her down a bit more but, oh well. Should be interesting at any rate...

morning guys

at least we developing on 4 hr BEOB...might sink today with a bit of luck, god i hate shorting my currency..
  • #164,486
  • Sep 10, 2009 2:53am Sep 10, 2009 2:53am
G/U short from 6505..........down she goes for a correction (hopefully)
Daytrade to 6360 ish
  • #164,487
  • Sep 10, 2009 2:56am Sep 10, 2009 2:56am
kamikaze in 5 min
  • #164,488
  • Sep 10, 2009 2:57am Sep 10, 2009 2:57am
usdx picking up some momentum
  • #164,489
  • Sep 10, 2009 2:58am Sep 10, 2009 2:58am
Quoting nAVIN2007
morning guys

at least we developing on 4 hr BEOB...might sink today with a bit of luck, god i hate shorting my currency..
Morning buddy. Well I just booked half my 6575 short at 6500. A perfect touch of the 1H/62ema. Moved stop to +5. Just enjoying the ride now....

Going for a smoke. This is "almost" better than sex.....
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Click to Enlarge Name: gu_1_hour.gif Size: 31 KB
Ghost Rider - WWTBMD?
  • #164,490
  • Sep 10, 2009 3:05am Sep 10, 2009 3:05am
Quoting albchr
Morning buddy. Well I just booked half my 6575 short at 6500. A perfect touch of the 1H/62ema. Moved stop to +5. Just enjoying the ride now....

Going for a smoke. This is "almost" better than sex.....
nice
  • #164,491
  • Sep 10, 2009 3:07am Sep 10, 2009 3:07am
Bad news for GBP but still give resistance
anybody still holding short?
  • #164,492
  • Sep 10, 2009 3:09am Sep 10, 2009 3:09am
Short here. stop 20. tp1 00 tp2 86

then reverse at either 86 or 60. free tp's so if they blow through then i get extra.
  • #164,493
  • Sep 10, 2009 3:16am Sep 10, 2009 3:16am
Quoting KillPhil08
Short here. stop 20. tp1 00 tp2 86

then reverse at either 86 or 60. free tp's so if they blow through then i get extra.
hope can give new low then yesterday
no matter where it go hope can collect some pips there
  • #164,494
  • Sep 10, 2009 3:18am Sep 10, 2009 3:18am
Quoting forexter
hope can give new low then yesterday
no matter where it go hope can collect some pips there
Fingers crossed.

Typical morning breakout with a test of the break. Hoping to at least see the low of the day again. If it continues to trend down all day I reckon that BoE might mark the bottom.


WOAH euro!
  • #164,495
  • Sep 10, 2009 3:21am Sep 10, 2009 3:21am
H1/H4 closed/opened below my DP ---> I went short 1.6526, 1st target 1.6474/41 !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #164,496
  • Sep 10, 2009 3:26am Sep 10, 2009 3:26am
Quoting KillPhil08
Fingers crossed.

Typical morning breakout with a test of the break. Hoping to at least see the low of the day again. If it continues to trend down all day I reckon that BoE might mark the bottom.


WOAH euro!

Hi Phil G/M,

I see your reasoning for shorting at the potential sbr on 1hr as well as the possible long from the lower area...a previous 1hr swing lo=prev supp=potential support and 2 x fibs, 76.4% of y/day's rise (6454-6591)and 38.2% of 6320-6591

G/L with these.

http://i30.tinypic.com/o5suu0.gif
ex member
  • #164,497
  • Sep 10, 2009 3:31am Sep 10, 2009 3:31am
Same 1hr pattern as y/day so far today....ie y/days HH and overnight HL followed by a LH and a L so far today on 1hr...which of course saw price run up yesterday before the 1hr pullback

http://i28.tinypic.com/2e5mhw0.gif
ex member
  • #164,498
  • Sep 10, 2009 3:34am Sep 10, 2009 3:34am
Closed most of it, going to see how euro effects cable first. AUDUSD EURGBP etc moving....
  • #164,499
  • Sep 10, 2009 3:36am Sep 10, 2009 3:36am
Quoting bbmac
Hi Phil G/M,

I see your reasoning for shorting at the potential sbr on 1hr as well as the possible long from the lower area...a previous 1hr swing lo=prev supp=potential support and 2 x fibs, 76.4% of y/day's rise (6454-6591)and 38.2% of 6320-6591

G/L with these.

http://i30.tinypic.com/o5suu0.gif
Hey mate, yeah those were the reasons, although...

Euro causing a bit of mayhem imo, good pattern if it closes 16505 or lower at the end of the hour.

I might just wait for the BoE announcement and wait for it to hit a nice s/r and hit it.

Good trading.

PS. Finally a bit of yen movement.
  • #164,500
  • Sep 10, 2009 3:38am Sep 10, 2009 3:38am
Quoting roreki
Hey BB , u mean u short @ 1.6537 not 437 i think , Good luck to u , Chris , Azim and all shorts here
Yeah, mate typo... 1.6537
Veni, Vidi, Vici (We came, we saw, we conquered)
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