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Cable Update (GBPUSD)

  • #165,261
  • Sep 14, 2009 2:54am Sep 14, 2009 2:54am
Quoting wormboy
cool

But I didn't direct that towards you. I just meant it that it's only Monday & London's barely open, I see analysis flying in left right and center, it's funny.
One look over the weekend on the larger tf already shown where the higher probability of price was going to open today.
But whatever, like you said - each to their own. I wish you guys good luck

i was thinking the same bloody thing...howz your dragon comming along

i short the eur insead of cable, lower spread

just need to take out this lower low....
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  • #165,262
  • Sep 14, 2009 2:58am Sep 14, 2009 2:58am
Quoting nAVIN2007
i was thinking the same bloody thing...howz your dragon comming along

i short the eur insead of cable, lower spread
lol how's it going bro

Dragon's coming along fine. Still running short from last week & I hedged it from 50.20 tp 50.95 & I left another short po on top of that mark. Let's see how that goes
Thank You
  • #165,263
  • Sep 14, 2009 3:01am Sep 14, 2009 3:01am
Quoting wormboy
lol how's it going bro

Dragon's coming along fine. Still running short from last week & I hedged it from 50.20 tp 50.95 & I left another short po on top of that mark. Let's see how that goes
  • #165,264
  • Sep 14, 2009 3:14am Sep 14, 2009 3:14am
A 5min congestion channel forming between the previous 1hr swing lo=potential sbr co-exisstant with a prev 5min sw lo and 23.6% of the fall from 6740, and current lows around 6550/58, bottom of that 4hr asc supp channel...an upside break above might rekieve intraday bearishness?

I would be interested in playing a thrust candle break either way if develops and if not already in market.

G/L

http://i32.tinypic.com/66x4p0.gif
ex member
  • #165,265
  • Sep 14, 2009 3:16am Sep 14, 2009 3:16am
Quoting wormboy
Like I said, be prepared:
http://www.forexfactory.com/showpost...postcount=2916

Overanalysing is a waste of time lol. Good luck

Meaning from ur analysis for GBP it will goes north? Is that rite wormie??
  • #165,266
  • Sep 14, 2009 3:23am Sep 14, 2009 3:23am
At the trend line


Quoting Bones
From a Daily prospective the the lower set up was nice and clear for up move.Potential rising TL looks set to be tested daily closes over 6600 up to top.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #165,267
  • Sep 14, 2009 3:31am Sep 14, 2009 3:31am
Quoting Gainmoney
Meaning from ur analysis for GBP it will goes north? Is that rite wormie??
South if you look at the larger picture.
Rising wedge usually ends up with price spilling over downside. But there is also that ascending channel within the wedge, so personally I don't think it'll be straightforward. Here's a similar scenario when I called on dragon tanking last week: http://www.forexfactory.com/showpost...stcount=196675
Took a while to play out, but when it did, the payoff was nice

For cable, I'd just leave short open and check back on it tomorrow or the day after.
Thank You
  • #165,268
  • Sep 14, 2009 3:38am Sep 14, 2009 3:38am
Quoting wormboy
South if you look at the larger picture.
Rising wedge usually ends up with price spilling over downside. But there is also that ascending channel within the wedge, so personally I don't think it'll be straightforward. Here's a similar scenario when I called on dragon tanking last week: http://www.forexfactory.com/showpost...stcount=196675
Took a while to play out, but when it did, the payoff was nice

For cable, I'd just leave short open and check back on it tomorrow or the day after.
@ which price did you hold ur short cable from bro?
Are you going to let it run untill it dives to 16000? http://www.forexfactory.com/images/icons/icon14.gif[IMG]file:///C:/DOCUME%7E1/user1/LOCALS%7E1/Temp/moz-screenshot.jpg[/IMG]
  • #165,269
  • Sep 14, 2009 3:43am Sep 14, 2009 3:43am
I think some fresh stops are about to be taken out. Further downside coming
  • #165,270
  • Sep 14, 2009 3:44am Sep 14, 2009 3:44am
More supply/resistance at top of 5min congestion channel after the recovery off current i/day lows ..top of channel being the previous 1hr swing lows=potential sbr with 23.6% of the current move down off 6740.

Selling the top of a congestion channel in an overall downtrend is always high probability, 1min lighting the way, a hi-probability bearish doivergence based set-up...

How much demand/residual demand left at current lows?

G/L

http://i29.tinypic.com/10z24r7.gif
ex member
  • #165,271
  • Sep 14, 2009 3:45am Sep 14, 2009 3:45am
this is all over the shop.....so much traffic....tehnically thou i say down
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  • #165,272
  • Sep 14, 2009 3:53am Sep 14, 2009 3:53am
Quoting Magix
3x long positions, grabbed one more on last dip, currently holding from
1.6587
1.6567
1.6561

Holding 3x long EJ, 3x long GJ for gap fill, and 2x long EU.


Currently +280 on the day.
I am looking at putting some long positions, but wld only after the new 4hrs candle. Too early
  • #165,273
  • Sep 14, 2009 3:57am Sep 14, 2009 3:57am
New intraday lows, price at 76.4% of 6480-6740 as I write this, below here that 1hr/4hr previous swing lo=potential support zone @ 6485-51 and below that the previous 1hr/4hr swing hi=potential rbs zone @ 6441-24 with that 50% of the overall 6111-6740 in there toward bottom...these are the main areas at which I will be looking for counter 1hr trend opportunities on the lower t/f's.

38.2% of said 6111-6740 move up is @ 6501...mbni saying '..interim bids' around there

Trend down to 1hr t/f, price 146 off i/day hi, = 81% of 20 day average pip range.

G/L
ex member
  • #165,274
  • Sep 14, 2009 4:00am Sep 14, 2009 4:00am
Well, well.... love a plan when it comes together.

Sundays post.....

http://www.forexfactory.com/showpost...stcount=165189

Todays move....

cable close +170 pips

Waiting to short again at 1.6600
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Veni, Vidi, Vici (We came, we saw, we conquered)
  • #165,275
  • Sep 14, 2009 4:00am Sep 14, 2009 4:00am
Good Morning, 'ssup Crew ?
Hear the music before the song is over ...
  • #165,276
  • Sep 14, 2009 4:02am Sep 14, 2009 4:02am
Quoting Gainmoney
@ which price did you hold ur short cable from bro?
Are you going to let it run untill it dives to 16000? http://www.forexfactory.com/images/icons/icon14.gif[IMG]file:///C:/DOCUME%7E1/user1/LOCALS%7E1/Temp/moz-screenshot.jpg[/IMG]
6165 is the target when price close on the underside of the wedge
Thank You
  • #165,277
  • Sep 14, 2009 4:02am Sep 14, 2009 4:02am
Quoting GlobalMacro
Good Morning, 'ssup Crew ?
sup bro...good weekend?
  • #165,278
  • Sep 14, 2009 4:04am Sep 14, 2009 4:04am
Quoting GlobalMacro
Good Morning, 'ssup Crew ?
Where you been mate? The girl taking up your time again has she?
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #165,279
  • Sep 14, 2009 4:05am Sep 14, 2009 4:05am
Quoting nAVIN2007
sup bro...good weekend?
lol...oh yea....so good didn't wanna let go of it...lol
how's trading bro...?
Hear the music before the song is over ...
  • #165,280
  • Sep 14, 2009 4:08am Sep 14, 2009 4:08am
Quoting Bull_Bear
Where you been mate? The girl taking up your time again has she?

lol...

that's right promised her to take some time off...I guess am now allowed to trade for a couple of weeks....hopefully...lol

how you doing bro?
Hear the music before the song is over ...
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