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Cable Update (GBPUSD)

  • #170,001
  • Sep 28, 2009 4:25am Sep 28, 2009 4:25am
Quoting Bull_Bear
Yeah I sold on the gap up open, but I took off the table at 1.5858 for +112pips and reversed long. Am holding her long for the retrace, the move down is over done now.

Gotta run off for an hour or so.... catch you guys later on.
  • #170,002
  • Sep 28, 2009 4:28am Sep 28, 2009 4:28am
Quoting Bull_Bear
Hey Wormie... How you going bro? Dame I bet she's taken some casualties today.
Going good bro. Would've been stops galore if shorts were placed hastily from the low levels no doubt.
I'm long dragon at the mo too
Thank You
  • #170,003
  • Sep 28, 2009 4:28am Sep 28, 2009 4:28am
Quoting albchr
In the red for 32 ATM buddy. I see you're riding long. Good choice bro..
chris this 4hr will close bullish so the area where i said it will do well to pass will be tested....there is a very good chance that that area of next new 4hr will hold...we need a spike of it to show sellers

hang tight buddy..
  • #170,004
  • Sep 28, 2009 4:33am Sep 28, 2009 4:33am
Good day to all Traders... De Great one, whatz up? Worm is your take on this... Am Long in cable.
  • #170,005
  • Sep 28, 2009 4:35am Sep 28, 2009 4:35am
Quoting wormboy
Hey bro, yup I am looking at 6165 level test before further fall. That's the plan for this week's trade. A close @5950 and I'll look to lock my gains.
Here's the trade & the levels I picked it out from. Relatively easy trade:

1. http://www.forexfactory.com/showpost...postcount=3114
2. http://www.forexfactory.com/showpost...postcount=3123

So far so good. Let's see how it plays out
LOL...yeah, relatively easy for you. Looks like I "may" get a shot at getting back to BE to get out of this short.

How do you draw those Fib trend lines bro? I gather it's the fib fan but I still don't know how to use the darn thing....lol
Ghost Rider - WWTBMD?
  • #170,006
  • Sep 28, 2009 4:38am Sep 28, 2009 4:38am
Quoting nAVIN2007
chris this 4hr will close bullish so the area where i said it will do well to pass will be tested....there is a very good chance that that area of next new 4hr will hold...we need a spike of it to show sellers

hang tight buddy..
My 4H closes in another 2.5 hours. I'm watching the 15m right now and seeing a "possible" turn down that may get me out at a better price like BE.....
Ghost Rider - WWTBMD?
  • #170,007
  • Sep 28, 2009 4:39am Sep 28, 2009 4:39am
Good day to you,

Price trapped for now between the 1.5914 and 1.5890 level indicated as (1).
A purposeful break down should go and flirt with the 1.5873 number. Past this, 1.5808/1.5810 can be on the cards.(3)
(2) A break up from 1.5914 could see 1.5965 as the next gate/barrier.

Sexy times

Regards

Borat
Attached Image (click to enlarge)
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  • #170,008
  • Sep 28, 2009 4:44am Sep 28, 2009 4:44am
It is all North... The Correction is taking place.

The Elliot wave count but us at 1.6100 testing the resistance there.
Good luck Trading.
  • #170,009
  • Sep 28, 2009 4:49am Sep 28, 2009 4:49am
With cable being the banana, I feel like the strawberry right about now. About to get......
Attached Image (click to enlarge)
Click to Enlarge Name: Banana FU.jpg Size: 76 KB
Ghost Rider - WWTBMD?
  • #170,010
  • Sep 28, 2009 4:53am Sep 28, 2009 4:53am
If goes up to 1.6100 area i will def. sell there but i think the up movement will be limited, i even doubt about above 1.6000.
I have a sell plan break below 1.5800 (close below 1.5800) my sl will be 1.6050 my target 1.5350.
Have a great day all.
  • #170,011
  • Edited 5:08am Sep 28, 2009 4:53am | Edited 5:08am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Trying to play with lessons learned from last few weeks. Also, what I used to do when I was a newbie.

My take for cable:

Not going long, only looking to sell.

All based on 4 hr chart, SELL if cable can't break 159100 in another 2 hours, and candle opens below this range and touch 159, add more at 157650.

Watch 602xx, 1608xx, 1615xx, 625xx for potential selling. All depends on cable breaking lower timeframes mentioned.

Ultimate target for selling is 163950 (not happening soon or at all), same strategy. Goal is 52500, then 150500.
  • #170,012
  • Sep 28, 2009 4:58am Sep 28, 2009 4:58am
Quoting albchr
With cable being the banana, I feel like the strawberry right about now. About to get......
good one!!!
  • #170,013
  • Sep 28, 2009 5:03am Sep 28, 2009 5:03am
moving north after forming a doji at the bottom, retracement to 1.6115 (previous bottom and also the 50% from 1.64ish to 1.57ish)
good luck all
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 26 KB
  • #170,014
  • Sep 28, 2009 5:03am Sep 28, 2009 5:03am
Quoting TauTrader
Good day to you,

Price trapped for now between the 1.5914 and 1.5890 level indicated as (1).
A purposeful break down should go and flirt with the 1.5873 number. Past this, 1.5808/1.5810 can be on the cards.(3)
(2) A break up from 1.5914 could see 1.5965 as the next gate/barrier.

Sexy times

Regards

Borat
lol ...nice analysis bru..
  • #170,015
  • Edited 5:11am Sep 28, 2009 5:03am | Edited 5:11am
here was my last sketch ..

http://www.forexfactory.com/showpost...stcount=165165

yippe, it's still happy hour ATM

just now i sketch it up again, then i found 3 possibilities ..
well, would it be A or B or C scene .. ??

http://www.forexfactory.com/attachme...1&d=1254132127

time will tell ..
spirit 0f pipping
  • #170,016
  • Sep 28, 2009 5:05am Sep 28, 2009 5:05am
Quoting albchr
With cable being the banana, I feel like the strawberry right about now. About to get......
Hehe,

Seems like the strawberry has given the banana some of it's own meds... noe go make fruit-salad...

Regards
  • #170,017
  • Sep 28, 2009 5:06am Sep 28, 2009 5:06am
Quoting nAVIN2007
good one!!!
Thank Tau for the picture the other day. Had me... ...for hours!

WOW! 6 pips in profit. I should move to BE now...lol
Ghost Rider - WWTBMD?
  • #170,018
  • Sep 28, 2009 5:08am Sep 28, 2009 5:08am
Quoting nAVIN2007
lol ...nice analysis bru..
Good day to you,

Hehe, thrown some temporary TL's in front so to give Chris a window of opportunity...

Regards
  • #170,019
  • Sep 28, 2009 5:10am Sep 28, 2009 5:10am
Quoting TauTrader
Good day to you,

Hehe, thrown some temporary TL's in front so to give Chris a window of opportunity...

Regards
My HERO!!...

Moved to BE +1 lol
Ghost Rider - WWTBMD?
  • #170,020
  • Sep 28, 2009 5:16am Sep 28, 2009 5:16am
Quoting albchr
My HERO!!...

Moved to BE +1 lol

The zone was a previous 1hr and 4hr swing low zone=potential sbr and mni had touted offers there beafore price reached it...clear hidden divergence in 30min as well as the regular bearish divergence set-ups some one mentioned earlier in 1 and 5min.

Nice pips, but not sure of a with 1hr+ downtrend follow thru to new lows off it??

G/L

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