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Cable Update (GBPUSD)

  • #169,941
  • Sep 28, 2009 1:57am Sep 28, 2009 1:57am
Good trading day...

My trading bias is a Buy @ 1.5858...

From my Elliot wave analysis... The Cable needs to corrected by retracing upward before coming all de way down...
Goodluck.
  • #169,942
  • Sep 28, 2009 1:57am Sep 28, 2009 1:57am
Quoting Alpha Hamste
It's abt the not-in-this-decade joke (WB mentioned GU gonna be 1.5300). How some were skeptical abt it (not mentioning any name here LOL) and we were hot on the issue of money management a couple of hours back. Scratch that buddy...we'll move on to other subject or joke.

Ok, I see what you mean now, buddy....lol

not in this decade...
well....that was meant to make a point that it is pretty difficult to predict T/P levels with any certainty, that's why I never make any statements regarding T/Ps...

I'd be happy to make 200 pips a week, heck 100 pips would even make me happy....

Having said that, to make Malcolmb a lil happier:

NOT IN THIS DECADE!!!!
NOT IN THIS DECADE!!!!
Hear the music before the song is over ...
  • #169,943
  • Sep 28, 2009 2:09am Sep 28, 2009 2:09am
Quoting forexlion
.
.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 17 KB
  • #169,944
  • Sep 28, 2009 2:10am Sep 28, 2009 2:10am
Quoting Reznik
Good trading day...

My trading bias is a Buy @ 1.5858...

From my Elliot wave analysis... The Cable needs to corrected by retracing upward before coming all de way down...
Goodluck.
What time frame? Thx
It's Easy To Get In;.. It's Hard To Get Out
  • #169,945
  • Sep 28, 2009 2:11am Sep 28, 2009 2:11am
Quoting GlobalMacro
Ok, I see what you mean now, buddy....lol

not in this decade...
well....that was meant to make a point that it is pretty difficult to predict T/P levels with any certainty, that's why I never make any statements regarding T/Ps...

I'd be happy to make 200 pips a week, heck 100 pips would even make me happy....

Having said that, to make Malcolmb a lil happier:

NOT IN THIS DECADE!!!!
NOT IN THIS DECADE!!!!
Hey GM, it's only a retrace right now
You see how irritating to get early into London market. Might as well set my sell limit at 50% retracement LOL.
  • #169,946
  • Sep 28, 2009 2:14am Sep 28, 2009 2:14am
Good MAE Everyone...
Ghost Rider - WWTBMD?
  • #169,947
  • Sep 28, 2009 2:19am Sep 28, 2009 2:19am
Quoting albchr
Good MAE Everyone...
Good MAE (morning/ afternoon/ evening??) to you Chris. Hope you have a great weekend.
  • #169,948
  • Sep 28, 2009 2:21am Sep 28, 2009 2:21am
Quoting albchr
Good MAE Everyone...
Good FEMAE to you bro.
  • #169,949
  • Sep 28, 2009 2:28am Sep 28, 2009 2:28am
Quoting Alpha Hamste
Hey GM, it's only a retrace right now
You see how irritating to get early into London market. Might as well set my sell limit at 50% retracement LOL.
yup....LDN attempting a pull-back...
Hear the music before the song is over ...
  • #169,950
  • Sep 28, 2009 2:31am Sep 28, 2009 2:31am
Quoting Alpha Hamste
Good MAE (morning/ afternoon/ evening??) to you Chris. Hope you have a great weekend.
It was a working weekend for me but, seeing how I love what I do, yep it was a great one.

And you Alpha?

About to take a short stab at this puppy soon.
Ghost Rider - WWTBMD?
  • #169,951
  • Sep 28, 2009 2:33am Sep 28, 2009 2:33am
Quoting forexlion
Good FEMAE to you bro.
Another Abreviation........ Hi All, hope the week do you good.
  • #169,952
  • Sep 28, 2009 2:35am Sep 28, 2009 2:35am
G/M to all

The bounce off asian/overnight lows is encoutering resistance at the upper half of the previous 1hr swing hi=prev res=potential res zone created during the asian session fall to 5767. 5900/20 is where next band of offers are reported by mni (latest) so how strong is the recovery?
50% of the 6045-5767 swing down is @ 5905

G/L
ex member
  • #169,953
  • Sep 28, 2009 2:40am Sep 28, 2009 2:40am
I think I'll fall asleep... no action at the moment, maybe have to wait till new york.
  • #169,954
  • Sep 28, 2009 2:49am Sep 28, 2009 2:49am
Quoting albchr
It was a working weekend for me but, seeing how I love what I do, yep it was a great one.

And you Alpha?

About to take a short stab at this puppy soon.
I am overjoyed over the weekend. The long awaited 2nd baby girl was finally due...yes, it was during the US market on Friday Put all my positions locked in the cage, and rushed to the hospital.

I have taken a couple of short and long on GU, but on a very tight TP (15 - 30 pips). In and out. G/L with the trade Chris.
  • #169,955
  • Sep 28, 2009 2:52am Sep 28, 2009 2:52am
Guys, look at UJ...less volatile and quite self explanatory. Gone long @ 0.8630 (typing number checked >> proceed to send)..not gonna make the third strike today
  • #169,956
  • Sep 28, 2009 2:52am Sep 28, 2009 2:52am
Quoting Alpha Hamste
I am overjoyed over the weekend. The long awaited 2nd baby girl was finally due...yes, it was during the US market on Friday Put all my positions locked in the cage, and rushed to the hospital.

.
That's FANTASTIC!! Congratulations Alpha!!

Many happy years of health, wealth and prosperity to you and your family..
Ghost Rider - WWTBMD?
  • #169,957
  • Sep 28, 2009 2:54am Sep 28, 2009 2:54am
Quoting Alpha Hamste
I am overjoyed over the weekend. The long awaited 2nd baby girl was finally due...yes, it was during the US market on Friday Put all my positions locked in the cage, and rushed to the hospital.

I have taken a couple of short and long on GU, but on a very tight TP (15 - 30 pips). In and out. G/L with the trade Chris.
MAE folks

congratulation bro....
  • #169,958
  • Sep 28, 2009 2:57am Sep 28, 2009 2:57am
Quoting nAVIN2007
MAE folks

congratulation bro....
Ghost Rider - WWTBMD?
  • #169,959
  • Sep 28, 2009 3:02am Sep 28, 2009 3:02am
Quoting albchr
sup bro .....did u get in last night?
i exited the short after 130 pips.....

Quote
im seeing 1.5765 as a support if that goes..we gonna down
it went very close and went up.....this need to break
Attached Image (click to enlarge)
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  • #169,960
  • Sep 28, 2009 3:02am Sep 28, 2009 3:02am
Quoting forexlion
.

Hi forexlion, Nice indicator.. would you mind sharing buyer and seller counts? thank you
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