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Cable Update (GBPUSD)

  • #172,801
  • Oct 4, 2009 7:22pm Oct 4, 2009 7:22pm
Quoting albchr
Nothing to be alarmed about. Shorts still in play.

I am in dangerous territory now, if she moves any higher, I'm done. Well actually i kept my short open since friday ( yes big mistake but i had a long afternoon meeting....blah)

So now, I guess we'll see! it may move higher before another drop ( i hope NOT)
The Sky is the Limit!
  • #172,802
  • Oct 4, 2009 7:23pm Oct 4, 2009 7:23pm
Quoting Magix
I don't think so, at least, not how I gunna play em out.

I believe us to be builing a support line @ current for next move on up.
i believe that's the signal bro. i'll wait for the pullback to enter the trade.

nice to meet you bro.
  • #172,803
  • Oct 4, 2009 7:25pm Oct 4, 2009 7:25pm
Quoting ahlamo
I am in dangerous territory now, if she moves any higher, I'm done. Well actually i kept my short open since friday ( yes big mistake but i had a long afternoon meeting....blah)

So now, I guess we'll see! it may move higher before another drop ( i hope NOT)
Throw a MACD standard settings onto your 4hr chart, OSMA is already above zero line, if MACD follows, there gunna be a whole lotta hurt put on the bears.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #172,804
  • Oct 4, 2009 7:27pm Oct 4, 2009 7:27pm
Quoting crackberry
i believe that's the signal bro. i'll wait for the pullback to enter the trade.

nice to meet you bro.
Back atcha Amigo!

I have stated before, you should no more follow me into a trade than should into the bathroom between 6-8am MST, but if ya got chart support, lets run this bitch into the stratosphere!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #172,805
  • Oct 4, 2009 7:28pm Oct 4, 2009 7:28pm
Quoting Magix
I don't think so, at least, not how I gunna play em out.

I believe us to be builing a support line @ current for next move on up.
A chart (especially one showing your "actual" trade) would be helpful. I'm short from 5879 and 5925 and holding firm with no worries. Fully expect a "possible" test of the 6023 area again. Then down we go.

4H blue dots, 6023...lol

Of course, I could be wrong but at least you can "see" my thinking.
Attached Image (click to enlarge)
Click to Enlarge Name: gu_4_hour.gif Size: 29 KB
Ghost Rider - WWTBMD?
  • #172,806
  • Oct 4, 2009 7:30pm Oct 4, 2009 7:30pm
Quoting Magix
Back atcha Amigo!

I have stated before, you should no more follow me into a trade than should into the bathroom between 6-8am MST, but if ya got chart support, lets run this bitch into the stratosphere!
yea,i'll see that in my chart, altough i saw some bearish on the 15 m candle, but the 4H chart is stronger imo, so let see how this pair roll today.

happy trading bro
  • #172,807
  • Oct 4, 2009 7:31pm Oct 4, 2009 7:31pm
Quoting albchr
Nothing to be alarmed about. Shorts still in play.
Good MAE everyone!!
Hi Chris, I guess your open positions over the weekend were alright. WB was right, this 1.5950 is like a friggin' magnet. G/L with the week buddy!!
  • #172,808
  • Oct 4, 2009 7:33pm Oct 4, 2009 7:33pm
Quoting ahlamo
I am in dangerous territory now, if she moves any higher, I'm done. Well actually i kept my short open since friday ( yes big mistake but i had a long afternoon meeting....blah)

So now, I guess we'll see! it may move higher before another drop ( i hope NOT)
As fibbonaci retracement, first ressistance on 1.6000. So analyse your position, and make a decision.
  • #172,809
  • Oct 4, 2009 7:34pm Oct 4, 2009 7:34pm
Quoting Alpha Hamste
Good MAE everyone!!
Hi Chris, I guess your open positions over the weekend were alright. WB was right, this 1.5950 is like a friggin' magnet. G/L with the week buddy!!
Benny!!

Same to you brother! Yep, a bit of a bull fake here. I'm not worried. In fact, I may even back my stops off a bit to give her some breathing room.
Ghost Rider - WWTBMD?
  • #172,810
  • Oct 4, 2009 7:40pm Oct 4, 2009 7:40pm
Quoting albchr
Benny!!

Same to you brother! Yep, a bit of a bull fake here. I'm not worried. In fact, I may even back my stops off a bit to give her some breathing room.
As a matter of fact Chris...I already moved my stop as well. Just have one short position on GU atm @ 1.5868 . Looking for a better entry for short or until London open.
  • #172,811
  • Oct 4, 2009 7:40pm Oct 4, 2009 7:40pm
Quoting albchr
A chart (especially one showing your "actual" trade) would be helpful. I'm short from 5879 and 5925 and holding firm with no worries. Fully expect a "possible" test of the 6023 area again. Then down we go.

4H blue dots, 6023...lol

Of course, I could be wrong but at least you can "see" my thinking.
k, here ya go, got support n resistance lines according to my chart sets, and target range of play.
Attached Image (click to enlarge)
Click to Enlarge Name: GULONG4.JPG Size: 109 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #172,812
  • Oct 4, 2009 7:41pm Oct 4, 2009 7:41pm
Quoting ahlamo
what the heck was that!?!?!

Can you say... Bull Trap!?
It's Easy To Get In;.. It's Hard To Get Out
  • #172,813
  • Oct 4, 2009 7:43pm Oct 4, 2009 7:43pm
i am very bearish gu but cant see shorts in play at least till now...
we might get a retrace similar to 1.612x - 1.6740 so do not try to pick the top
Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 88 KB
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #172,814
  • Oct 4, 2009 7:45pm Oct 4, 2009 7:45pm
Quoting John D
Can you say... Bull Trap!?
Yeah, moves like that really teaching me a lesson.

I do expect a pull back, only holding long on 2x right now, but even if you right, we gotta lot more territory to make up.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #172,815
  • Oct 4, 2009 7:49pm Oct 4, 2009 7:49pm
G/u 4h adx is still upove 25 may see a tuch to %[email protected] the retraciment of 1.5807 low
I still long now
  • #172,816
  • Oct 4, 2009 7:49pm Oct 4, 2009 7:49pm
Quoting Magix
k, here ya go, got support n resistance lines according to my chart sets, and target range of play.
Good MAE Magix...your chart, "watching resistance to become support"...ouch that's too painful for me to read...o have mercy .
  • #172,817
  • Oct 4, 2009 7:49pm Oct 4, 2009 7:49pm
Quoting Magix
k, here ya go, got support n resistance lines according to my chart sets, and target range of play.
Very nice! And your "long" entry? Forgive me but I don't see it on that chart...
Ghost Rider - WWTBMD?
  • #172,818
  • Oct 4, 2009 7:54pm Oct 4, 2009 7:54pm
Quoting albchr
Very nice! And your "long" entry? Forgive me but I don't see it on that chart...
Cashed out 8 x long on the rocket, holding 3 x long @ 2x1.5973, 1x1.5972...

Just emptied the boat on GU/GJ, will wait for a bottom out on OSMA on 5 min, should be @ about - 1.5956 ISH
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #172,819
  • Oct 4, 2009 8:03pm Oct 4, 2009 8:03pm
Quoting Magix
Cashed out 8 x long on the rocket, holding 3 x long @ 2x1.5973, 1x1.5972...

Just emptied the boat on GU/GJ, will wait for a bottom out on OSMA on 5 min, should be @ about - 1.5956 ISH
OK...lol When I see a chart with those orders on it, it will mean a lot more to me. Pretty easy for me to "say" I'm long 10 standard from 3500 too.

But best of luck to you... You seem to never loose...

Anyway, gonna grab some sleep before LDN. Good trading everyone!
Ghost Rider - WWTBMD?
  • #172,820
  • Oct 4, 2009 8:10pm Oct 4, 2009 8:10pm
Quoting albchr
OK...lol When I see a chart with those orders on it, it will mean a lot more to me. Pretty easy for me to "say" I'm long 10 standard from 3500 too.

But best of luck to you... You seem to never loose...

Anyway, gonna grab some sleep before LDN. Good trading everyone!
Go get some shut eye, Chris . Catch you later.
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