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Cable Update (GBPUSD)

  • #171,021
  • Sep 30, 2009 5:58am Sep 30, 2009 5:58am
Quoting albchr
Hey BB, I'm short with you at 6100. Where's your SL bro? Mine be at 6180
I am short at 6100 too, happy to see someone thinking the same bias.
1) sell GU from previous low (first week of Sept).
2) Longterm H4 trend is down
3) I can see head and shoulder pattern on weekly.
4) I can see a nice pinbar on weekly
  • #171,022
  • Sep 30, 2009 5:59am Sep 30, 2009 5:59am
Price going deeper in the potential sbr/res zone now...any of you bears already in the woods sweating yet, lol?? listen carefully, is that the sound of bulls coming? are they gathering speed? is it a stampede?? ...seriously though rumour on wires this morning of 'strong sterling demand' into the london fixing re eu subsidies to farmers? yeh, i know another rumour, the market is always full of them, lol.

G/L
ex member
  • #171,023
  • Sep 30, 2009 6:00am Sep 30, 2009 6:00am
Quoting albchr
I don't have a TL on the 4H bro but I will check it out. Thank You Azim!

The line on my 4H is the upper channel line. You think...no good perhaps?
Okay bro no biggie.

Your channel utl isn't valid since the H4 price had not yet close to make it a valid 2 touches at least. At best, you could get lucky from the touch & retreat but it's not a strong channel.

Just my 2 pippies
Thank You
  • #171,024
  • Sep 30, 2009 6:00am Sep 30, 2009 6:00am
Quoting FXFundi
Thanx, I may join you but have to wait for a 4 hour or 8 hour shooting star. I normally target 1 risk to 3 profit.
Yes, if my 4H (2 hours from now) closes below 6133 I'll be happier. Just wanted to get a small short in at 6100 to test the waters in case.

But I'll likely build more shorts all the way to 6170 if possible. (Scaling in is something I'm trying to learn as well)

Good luck to you...
Ghost Rider - WWTBMD?
  • #171,025
  • Sep 30, 2009 6:01am Sep 30, 2009 6:01am
Quoting Bull_Bear
Didn't think its your type Chris, more GM's type don't you think... lol
All I know buddy is you should see the way she can run a chainsaw. OoooWE....
Ghost Rider - WWTBMD?
  • #171,026
  • Sep 30, 2009 6:02am Sep 30, 2009 6:02am
Quoting GlobalMacro
YOU LOOK GORGEOUS....!!!!




Does Your Girl Friend Know About This Private Hobby Of Yours????

Bro I sent you a volunteer... She's Bang on ...
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #171,027
  • Sep 30, 2009 6:02am Sep 30, 2009 6:02am
Quoting bbmac
Price going deeper in the potential sbr/res zone now...any of you bears already in the woods sweating yet, lol?? listen carefully, is that the sound of bulls coming? are they gathering speed? is it a stampede?? ...seriously though rumour on wires this morning of 'strong sterling demand' into the london fixing re eu subsidies to farmers? yeh, i know another rumour, the market is always full of them, lol.

G/L
market full of rumours at the moment, i heard whisper that Goldman Sachs had conference call discussing that non farm payrolls will be coming out positive on friday!! running out of salt here!!!
Trading is 80% Emotional, 20% Technical
  • #171,028
  • Sep 30, 2009 6:03am Sep 30, 2009 6:03am
Quoting wormboy
Okay bro no biggie.

Your channel utl isn't valid since the H4 price had not yet close to make it a valid 2 touches at least. At best, you could get lucky from the touch & retreat but it's not a strong channel.

Just my 2 pippies

Thank you bro! I will reanalyze my thinking. One day I'll get this right...

OK, going for a smoke. That always works...LOL
Ghost Rider - WWTBMD?
  • #171,029
  • Sep 30, 2009 6:05am Sep 30, 2009 6:05am
Quoting Bull_Bear
Bro I sent you a volunteer... She's Bang on ...
lol...speaks VOLUMEs about your taste in volunteers....
"she" is so bang on
"she" lost all her t e e t h .



but since you're my friend....I respect you for your taste in style...
Hear the music before the song is over ...
  • #171,030
  • Sep 30, 2009 6:05am Sep 30, 2009 6:05am
Quoting fx local
market full of rumours at the moment, i heard whisper that Goldman Sachs had conference call discussing that non farm payrolls will be coming out positive on friday!! running out of salt here!!!
lol, I was just teasing the early bears with it, anyways, done for day here, catch u tomorrow.
ex member
  • #171,031
  • Sep 30, 2009 6:05am Sep 30, 2009 6:05am
guys,

off topic a little, but i like the analysis you get from here...

what do you think of this recent 4H close on GJ?
Attached Image (click to enlarge)
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  • #171,032
  • Sep 30, 2009 6:06am Sep 30, 2009 6:06am
Short at 6106.....lets see if that long movement up has lost its wind.
  • #171,033
  • Sep 30, 2009 6:07am Sep 30, 2009 6:07am
Quoting albchr
Thank you bro! I will reanalyze my thinking. One day I'll get this right...

OK, going for a smoke. That always works...LOL
don't mention it bro
Thank You
  • #171,034
  • Sep 30, 2009 6:11am Sep 30, 2009 6:11am
Quoting bidalufias
guys,

off topic a little, but i like the analysis you get from here...

what do you think of this recent 4H close on GJ?
if you're looking for a reversal, then you'd need the current H4 to close bearish & produce the evening star doji before you can comfortably short.
Thank You
  • #171,035
  • Sep 30, 2009 6:11am Sep 30, 2009 6:11am
Quoting wormboy
don't mention it bro
That channel was also taken off 3 lows. Not right?

Also, what do you think of my SL being at 6180? Safe in your opinion?
Ghost Rider - WWTBMD?
  • #171,036
  • Sep 30, 2009 6:14am Sep 30, 2009 6:14am
Quoting wormboy
if you're looking for a reversal, then you'd need the current H4 to close bearish & produce the evening star doji before you can comfortably short.
i'm sure you had an eye on it as well.

thanks WB.

will see how it plays out.
  • #171,037
  • Sep 30, 2009 6:17am Sep 30, 2009 6:17am
Quoting Bull_Bear
I'm gonna reverse back to long at 1.6030 / 1.6040 for 1.6160. If this does not go back down and continue to rise up to 1.6160 I will load one more short. That's my plan NAV.
so far we good i think thata the top its heavy resistance
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: trade2.gif Size: 21 KB
  • #171,038
  • Sep 30, 2009 6:17am Sep 30, 2009 6:17am
Quoting GlobalMacro
lol...speaks VOLUMEs about your taste in volunteers....
"she" is so bang on
"she" lost all her t e e t h .



but since you're my friend....I respect you for your taste in style...
This is my style mate
Attached Image
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #171,039
  • Sep 30, 2009 6:18am Sep 30, 2009 6:18am
Quoting albchr
That channel was also taken off 3 lows. Not right?

Also, what do you think of my SL being at 6180? Safe in your opinion?
I was referring to the utl of your channel. (highs). The current is still open is it not?
your ltl (lows) was good as you had connected more than 2 wicks which had closed.
180 is safe for now, but you can be sure one spike the wrong way of your trade during the adp later will most likely wipe out that stop you have. The previous H4 close showed strength, so I won't be surprised if it spikes up later. Let's see how it goes
Thank You
  • #171,040
  • Sep 30, 2009 6:18am Sep 30, 2009 6:18am
Quoting Bull_Bear
This is my style mate
now that's a lot better....

One Step For BB....One Great Leap For Mankind...

now if you're kind enough make it bigger so we can check out her goodies....
Hear the music before the song is over ...
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