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Cable Update (GBPUSD)

  • #173,321
  • Oct 6, 2009 3:46am Oct 6, 2009 3:46am
Quoting albchr
Now there's a 1H engulfing in the works.....

Let's see if it'll just be a spike.....
I meant to thank you for your advice yesterday. I cut my short at took 50 pips. - I'm now long at 1.5980 - got caught by the bull trap, but looks as though it will recover and continue it's upward trend (in my humble opinion)
May the forex be with you |
  • #173,322
  • Oct 6, 2009 3:48am Oct 6, 2009 3:48am
Quoting albchr
No doubt man. Like a freaking bunji cord is attachted....


My take on all these...

Long-run= Open a PO Sell@ 1.6120
Short-run= Hold a LONG till 1.6100

It is all confusing right now... But sit out watch the trend and click.
  • #173,323
  • Oct 6, 2009 3:49am Oct 6, 2009 3:49am
wormie fast 100 pips
  • #173,324
  • Oct 6, 2009 3:49am Oct 6, 2009 3:49am
OUuuuuuuuuuppppppppppppssssssssssssss took my losses too, that's why SL are useful....... so it doesn't hurt too much

But clearly my fault I tried to anticipate a future move as we were still IN THE CLOUD ......stupid me lol
Attached Image (click to enlarge)
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Non licet omnibus adire Corinthum
  • #173,325
  • Oct 6, 2009 3:50am Oct 6, 2009 3:50am
Quoting albchr
No doubt man. Like a freaking bunji cord is attachted....
You're so right ... I'm really tiring of that 1.595 number ... and just when we've figured out how it behaves there, it moves to another neighbourhood.
  • #173,326
  • Oct 6, 2009 3:50am Oct 6, 2009 3:50am
There were plenty of warnings that the bulls were going to get hit - when Euro breaks up and Swissy down as happened around the Frankfurt Open BUT cable doesnt follow then you need to take notice.

Then after bullish Halifax data, cable is unable to move up its because there are sellers loading up as the Big Dogs know what's going to happen....and LOL out comes the bad Industrial Production data to trigger the balance of a 100 pip fall.....http://www.forexfactory.com/images/icons/icon6.gif

So my pips are banked and I'm finished till NY open....BFN
Trading Levels with WRBs
  • #173,327
  • Oct 6, 2009 3:50am Oct 6, 2009 3:50am
Quoting Faryad
wormie fast 100 pips
lol lucky us faryad
Thank You
  • #173,328
  • Oct 6, 2009 3:53am Oct 6, 2009 3:53am
Quoting Beljevina
You're so right ... I'm really tiring of that 1.595 number ... and just when we've figured out how it behaves there, it moves to another neighbourhood.
Yep, with all this consolidating, it's like you could just place a buy/sell or both right there and just wait long enough to collect both ways....lol
Ghost Rider - WWTBMD?
  • #173,329
  • Oct 6, 2009 3:54am Oct 6, 2009 3:54am
Quoting javajames
OUuuuuuuuuuppppppppppppssssssssssssss took my losses too, that's why SL are useful....... so it doesn't hurt too much

But clearly my fault I tried to anticipate a future move as we were still IN THE CLOUD ......stupid me lol
Daily ichi down so i keep my trade with it
  • #173,330
  • Oct 6, 2009 3:54am Oct 6, 2009 3:54am
Quoting wormboy
lol lucky us faryad

just take a short at 1.6035 coz of news n win
  • #173,331
  • Oct 6, 2009 3:54am Oct 6, 2009 3:54am
Quoting wormboy
lol lucky us faryad

the bitch stops me out ..i go out of the room and she tanks..then i get greedy jump on and it moves up....i entered a hedge incase she flexs up again..typical
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  • #173,332
  • Oct 6, 2009 3:55am Oct 6, 2009 3:55am
Quoting nAVIN2007
the bitch stops me out ..i go out of the room and she tanks..then i get greedy jump on and it moves up....i entered a hedge incase she flexs up again
NAV

Sounds like you're chasing her bro....
Ghost Rider - WWTBMD?
  • #173,333
  • Oct 6, 2009 3:57am Oct 6, 2009 3:57am
Quoting wormboy
BRUNO!
Bro are you still hold your Long ? look to 1.6215
  • #173,334
  • Oct 6, 2009 3:58am Oct 6, 2009 3:58am
Quoting albchr
1H/62/50 EMA at 5935. Expect a bounce.
End of the bounce? Was expecting a bit more. Let's see...
Ghost Rider - WWTBMD?
  • #173,335
  • Oct 6, 2009 3:58am Oct 6, 2009 3:58am
Quoting albchr
NAV

Sounds like you're chasing her bro....
..i just didnt expect it to drop like that..and got cheesed off cause i have been waiting the whole week for her to do that...
  • #173,336
  • Oct 6, 2009 3:59am Oct 6, 2009 3:59am
Now to be clear in this game who's working with bull and who's with bears
Bears Bears yeah...
  • #173,337
  • Oct 6, 2009 4:01am Oct 6, 2009 4:01am
Quoting nAVIN2007
..i just didnt expect it to drop like that..and got cheesed off cause i have been waiting the whole week for her to do that...
Sorry bro but i'm totaly sure u will get any lost pip
  • #173,338
  • Oct 6, 2009 4:01am Oct 6, 2009 4:01am
dragon new low. piters woot!!
Thank You
  • #173,339
  • Oct 6, 2009 4:02am Oct 6, 2009 4:02am
Much altered 1hr chart now in respect of potential supp/res/sbr/rbs factors following continued drop from 76.4% 6024-5808 aided by the reaction to worst than forecast 0830am gmt Uk data...I will marke the current i/day highs in as a previous swing hi zone if this 1hr candle closes accordingly..The grey zone is breeched but may stand up as potential rbs on any test from topside,...post-data reaction found support @ 76.4% of 5899-6047-current i/day hi...The circled zones are co-existant on 4hr

Technical Trend picture unclear now 1hr/4hr

G/L

http://i35.tinypic.com/112bqfd.gif
ex member
  • #173,340
  • Oct 6, 2009 4:02am Oct 6, 2009 4:02am
Quoting egkid
Daily ichi down so i keep my trade with it
AND YOU WERE RIGHT !!!!!!!!

I usually reverse with H4 but this time listened to my thoughts and did'nt stick to my chart.....so got my ass kicked
Non licet omnibus adire Corinthum
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