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Cable Update (GBPUSD)

  • #166,321
  • Sep 16, 2009 11:56am Sep 16, 2009 11:56am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Cheers DT. Like your analysis always.

Cable is stuck between 150 pip range from last 2 days, what do you think. It's weekness in dollar keeping the momentum up for it. EU is fuc*** making higher high's due to it.

What's your take on EU and GU?



Quoting direct-trade
Here's what I was talking about earlier when I added another Short at 15050:
  • #166,322
  • Sep 16, 2009 11:59am Sep 16, 2009 11:59am
Good day to you all,

I am posting a chart with numbers indicating my current thoughts. Please feel free to tear this apart. We all learn. This is what I see:

1) This price level - 1.6543 - this is my line in the sand between bears and bulls. As long as price remains below this, I am bearish. Period. Above 1.6543, I grow horns....

2) This parallel trendline averaging closed prices per bar, remains bearish at this point. Price is flirting, but respecting.

3) Target currently remains in the 1.6400 area, should price technically continue on the same manner as for the last 4 days.

4) Ultimately, this is where we may be by week end on Friday.

BUT, once 1.6543 gets broken with purpose to the upside (5) 1.6690 to 1.6700 is defenitely on the cards.

I can only follow my charts. I have to be bearish at the moment. My chart dictates me to be. ( I suck at fundamentals). But, I will gladly switch camps at the blink of an eye...

Now... tear this apart and give me your opinion. How can I improve?

Wish you success

Regards
Attached Image (click to enlarge)
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  • #166,323
  • Sep 16, 2009 12:00pm Sep 16, 2009 12:00pm
i dont think this is going anywhere, dailly on dragon and cable looks like they maybe bullish pins.....i will look to get a good price tomorrow......higher up..if TA supports it

i wont be suprised if this went up!
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Click to Enlarge Name: trade.gif Size: 28 KB
  • #166,324
  • Sep 16, 2009 12:05pm Sep 16, 2009 12:05pm
Quoting ams
Cheers DT. Like your analysis always.

Cable is stuck between 150 pip range from last 2 days, what do you think. It's weekness in dollar keeping the momentum up for it. EU is fuc*** making higher high's due to it.

What's your take on EU and GU?
Dont trade EU mate, so can't say.

Holding Short on Cable from 16683...posts and charts earlier in the thread somewhere. I think that we are just having a breather before we fall to 16175 (my final target).
  • #166,325
  • Sep 16, 2009 12:07pm Sep 16, 2009 12:07pm
An awfully tempting doji/pin on the EU 1H....Hmmmm....
Ghost Rider - WWTBMD?
  • #166,326
  • Sep 16, 2009 12:08pm Sep 16, 2009 12:08pm
Quoting TauTrader
Good day to you all,

I am posting a chart with numbers indicating my current thoughts. Please feel free to tear this apart. We all learn. This is what I see:

1) This price level - 1.6543 - this is my line in the sand between bears and bulls. As long as price remains below this, I am bearish. Period. Above 1.6543, I grow horns....

2) This parallel trendline averaging closed prices per bar, remains bearish at this point. Price is flirting, but respecting.

3) Target currently remains in the 1.6400 area, should price technically continue on...
We are definitley at the 4H cross road. Let it and possible the next one close and we will have the answer.
None the wiser!
  • #166,327
  • Sep 16, 2009 12:09pm Sep 16, 2009 12:09pm
When does a hammer become a 'mother in law ?

Short going well





http://crossroadstrading.files.wordp.../mc-hammer.jpg
  • #166,328
  • Sep 16, 2009 12:10pm Sep 16, 2009 12:10pm
Quoting albchr
An awfully tempting doji/pin on the EU 1H....Hmmmm....
Pins and dbhlc and the rest are smoke screens. Truth lies in the moment.
None the wiser!
  • #166,329
  • Sep 16, 2009 12:10pm Sep 16, 2009 12:10pm
The whole week has been bearish it is safer to ride with the bears who knows finally we just might see 1.6350 by today as wormie says follow your game plan
  • #166,330
  • Sep 16, 2009 12:13pm Sep 16, 2009 12:13pm
Quoting allserene
When does a hammer become a 'mother in law ?

Short going well





http://crossroadstrading.files.wordp.../mc-hammer.jpg
I'm going to attempt:

Once you marry his daughter and later found out that he/she had a sex change after giving birth......

Doing Ok?

Regards
  • #166,331
  • Sep 16, 2009 12:13pm Sep 16, 2009 12:13pm
Quoting FxClown
Pins and dbhlc and the rest are smoke screens. Truth lies in the moment.
HUH?
Ghost Rider - WWTBMD?
  • #166,332
  • Sep 16, 2009 12:15pm Sep 16, 2009 12:15pm
Quoting TauTrader
I'm going to attempt:

Once you marry his daughter and later found out that he/she had a sex change after giving birth......

Doing Ok?

Regards
Surreal !

I like surreal

It's more normal than normal some days
  • #166,333
  • Sep 16, 2009 12:17pm Sep 16, 2009 12:17pm
I think you need a shot of Vodka to understand that little gem of wisdom.

Why is it that asian muslims are so obsessed with sex?
  • #166,334
  • Sep 16, 2009 12:21pm Sep 16, 2009 12:21pm
Quoting allserene
Surreal !

I like surreal

It's more normal than normal some days
You are so right. Very sharp!

I want to acknowledge at this point that I really, really enjoy your sense of humour.

Wish you MORE successes

Highest regards
  • #166,335
  • Sep 16, 2009 12:24pm Sep 16, 2009 12:24pm
Considered totally bearish if price breaks 1.6428
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #166,336
  • Sep 16, 2009 12:24pm Sep 16, 2009 12:24pm
Quoting PipVip
I think you need a shot of Vodka to understand that little gem of wisdom.

Why is it that asian muslims are so obsessed with sex?
I do need one indeed.

All creatures are obsessed with it. It is a basic fact of life.
None the wiser!
  • #166,337
  • Sep 16, 2009 12:28pm Sep 16, 2009 12:28pm
I think the NY boys may wreck my charts when they get back from Lunch...bitch still wants to climb by the looks of it...waiting...
  • #166,338
  • Edited 12:32pm Sep 16, 2009 12:32pm | Edited 12:32pm
Quoting direct-trade
I think the NY boys may wreck my charts when they get back from Lunch...bitch still wants to climb by the looks of it...waiting...
Good day to you, sir

Could you please tell me what software you are using to draw on your charts posted? Always looks very clinical...

Mind to advise?
  • #166,339
  • Sep 16, 2009 12:33pm Sep 16, 2009 12:33pm
1.6487 = East Time Open Line....

Muahhahah!
  • #166,340
  • Sep 16, 2009 12:35pm Sep 16, 2009 12:35pm
By all accounts Cable will close neutral with a narrow range for the day.
I read somewhere a play for such a situation. It is an OCO trade.

It is something like, place order for a Short and a Long about 5 pips away from H (Long) and L (Short). Make sure it is OCO (One cancels the other).

A few pips are possible in theory as the pair takes direction.

G/L

PS
Trade safe and always use SL. Practice it on Demo account b4 you commit real money.
None the wiser!
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