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Cable Update (GBPUSD)

  • #166,221
  • Sep 16, 2009 9:18am Sep 16, 2009 9:18am
Quoting Fly2
OK GJ at a very important point for me atm the decider for me
ok lets see what happens here
time to drop it like its hot
  • #166,222
  • Sep 16, 2009 9:19am Sep 16, 2009 9:19am
Ok ok what happened, to copy some of you guys wtf.......

Well managed to close a short for 24pips, that might be it for the day like to get 24 morning and afternoon.

Looks like the big boys out playing stop hunting...... hate it but it happens.....
  • #166,223
  • Sep 16, 2009 9:21am Sep 16, 2009 9:21am
Quoting ehrek
50+ pips scalp
Bear hehe had to say it
  • #166,224
  • Sep 16, 2009 9:23am Sep 16, 2009 9:23am
Seems pretty balance now... let's stick to 70 LOL
This is not done yet....

So much activity for little result..... impressive!
  • #166,225
  • Sep 16, 2009 9:25am Sep 16, 2009 9:25am
Quoting GlobalMacro
Guys...this thing is going nowhere today...just chopping around...
be
see?...nowhere....absolutely....no freaking where...!!!!!!......LOL
Hear the music before the song is over ...
  • #166,226
  • Sep 16, 2009 9:26am Sep 16, 2009 9:26am
Done for the day, time to go out biking with the wife since the little bugger is in school..!

40+ pips on initial trend line break early morning, hope many of you caught it! It was an easy one. 80 pips (combined) longs... was almost tempted to short the fake breakout, all that whiplash was giving me a clue though.

w00t

http://img27.imageshack.us/img27/4081/sept16th.th.gif
lowest draw down possible please.
  • #166,227
  • Sep 16, 2009 9:28am Sep 16, 2009 9:28am
G/J good entry now wait for G/U entry today is quite calm hope everyone feels the air of GREEN PIPS
  • #166,228
  • Sep 16, 2009 9:31am Sep 16, 2009 9:31am
OK, back from a nap. Everyone making money?
Ghost Rider - WWTBMD?
  • #166,229
  • Sep 16, 2009 9:31am Sep 16, 2009 9:31am
Quoting fendi
G/J good entry now wait for G/U entry today is quite calm hope everyone feels the air of GREEN PIPS
Its like a peppermint patty with a cool breeze blowing...
  • #166,230
  • Sep 16, 2009 9:31am Sep 16, 2009 9:31am
Quoting GlobalMacro
see?...nowhere....absolutely....no freaking where...!!!!!!......LOL
lol yea.
looks like my dragon party probably will be cut short. that pair going mental now, pulling up real quick
Thank You
  • #166,231
  • Sep 16, 2009 9:32am Sep 16, 2009 9:32am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
To me it seems consolidation and not trend down atm.
EU is gonna make new high's IMO.
Seems bear trap....

Look at GJ

ftse is up more than 1.8%.
ofcourse I could be wrong. Now someone is actually buying pound as other currencies are down.
  • #166,232
  • Sep 16, 2009 9:33am Sep 16, 2009 9:33am
Wonder how many Shorts will be taken out on this spike? Will see if Cable 165 and GBP/JPY 150 holds...
  • #166,233
  • Sep 16, 2009 9:33am Sep 16, 2009 9:33am
151.00 is a turn around point for me possibly GJ that is
  • #166,234
  • Sep 16, 2009 9:36am Sep 16, 2009 9:36am
Quoting direct-trade
Wonder how many Shorts will be taken out on this spike? Will see if Cable 165 and GBP/JPY 150 holds...


My dragon trade is done. Flat for now.
Thank You
  • #166,235
  • Sep 16, 2009 9:37am Sep 16, 2009 9:37am
and looking at daily I see a bear engulfing candle/hope it holds true
  • #166,236
  • Sep 16, 2009 9:37am Sep 16, 2009 9:37am
Quoting wormboy
lol yea.
looks like my dragon party probably will be cut short. that pair going mental now, pulling up real quick
whew!...man!...that pair's really outta whack!...lol
then again crazy chicks got a certain kinda appeal...
Hear the music before the song is over ...
  • #166,237
  • Sep 16, 2009 9:38am Sep 16, 2009 9:38am
Quoting wormboy
lol yea.
looks like my dragon party probably will be cut short. that pair going mental now, pulling up real quick
Yep, like the bottom fell out of the Yen. EJ too but riding her north. Just about to jump off now and see about a trip back down.

I see dragon bounce at 150.24 ish
Ghost Rider - WWTBMD?
  • #166,238
  • Sep 16, 2009 9:38am Sep 16, 2009 9:38am
TRAPPPPPP!

And its only 1h, 4h is looking even more trap in between last 2 swing and the whole panorama of trendlines...!

-----------

I'm going to walk to dog.... LOL
Instead of flipping coins...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 16-09-091hgu trap.jpg Size: 125 KB
Click to Enlarge Name: 16-09-09 4hgu trap.jpg Size: 66 KB
  • #166,239
  • Sep 16, 2009 9:39am Sep 16, 2009 9:39am
Any idea why all the selling of yen as of the last 30 minutes?
Don't let the same dog bite you twice. -- Chuck Berry
  • #166,240
  • Sep 16, 2009 9:45am Sep 16, 2009 9:45am
Quoting direct-trade
Wonder how many Shorts will be taken out on this spike? Will see if Cable 165 and GBP/JPY 150 holds...
I took 2/3 of my shorts off when it stalled around the MS1 level of 6443 and then sold again in the spike up to the 6500 level http://www.forexfactory.com/images/icons/icon12.gif

The last closed hourly candle was quite bearish with todays highest volume, but as I've said elsewhere, IMO we wont see new lows in cable UNTIL the Swissy -aka dollar - breaks up above its daily pivot / highs ~ 1.0635 ....Time Will Tell....
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