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Cable Update (GBPUSD)

  • #176,181
  • Oct 14, 2009 9:50am Oct 14, 2009 9:50am
romance love joy is ending now we are waiting for the fomc mints so it might go either way
  • #176,182
  • Oct 14, 2009 9:51am Oct 14, 2009 9:51am
Alright I'm outta here..

See you guys tom

Later
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #176,183
  • Oct 14, 2009 9:55am Oct 14, 2009 9:55am
Quoting Bull_Bear
Alright I'm outta here..

See you guys tom

Later
Thanks for today bro, nice one. Take care.
You've got to be IN IT to WIN IT!
  • #176,184
  • Oct 14, 2009 9:58am Oct 14, 2009 9:58am
Quoting Ifty
Thanks for today bro, nice one. Take care.

what's wrong with you guys today in here?
does cable have an aphrodisiac effect on you'all today?

Hear the music before the song is over ...
  • #176,185
  • Oct 14, 2009 10:02am Oct 14, 2009 10:02am
Strange, I though FEDs want lower dollar?

"
FREIBURG, Germany (Dow Jones)--Coordinating currency market intervention between the European Central Bank and the U.S. Federal Reserve "depends on the situation," a high-ranking ECB policy maker said Wednesday, when asked whether the ECB would coordinate possible intervention in foreign-exchange markets.

Pointing to central banks' increasing policy coordination during the financial crisis, ECB executive board member Lorenzo Bini Smaghi said "we have done many things" together with the Fed in the past.

Bini Smaghi was speaking before students in Freiburg, Germany.
"
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #176,186
  • Oct 14, 2009 10:06am Oct 14, 2009 10:06am
Quoting GlobalMacro

what's wrong with you guys today in here?
does cable have an aphrodisiac effect on you'all today?

Nothing better than a lot of ups and downs.....

I just hope it doesn't break 5960ish again.
Ghost Rider - WWTBMD?
  • #176,187
  • Oct 14, 2009 10:09am Oct 14, 2009 10:09am
Quoting ahlamo
oh wow, I have fooled by randomness. bought 2 years ago but never got a chance to read it. along with "against the gods", "wisdom of crowds" and "blue ocean strategy".

Too bad i must run. be back later
Hi r u long or short

By the way you are very beautiful
  • #176,188
  • Oct 14, 2009 10:10am Oct 14, 2009 10:10am
Quoting albchr
Nothing better than a lot of ups and downs.....

I just hope it doesn't break 5960ish again.




I think it will.....to the upside that is....
Hear the music before the song is over ...
  • #176,189
  • Oct 14, 2009 10:12am Oct 14, 2009 10:12am
anyone going long? i took a small long at 5950, last hour closed as hammer, i'm awaiting for a move back to 6020, 5920 was too strong resistance for cable, so it could go other way
  • #176,190
  • Oct 14, 2009 10:13am Oct 14, 2009 10:13am
Quoting GlobalMacro




I think it will.....to the upside that is....

Bite your tongue brother. She needs to fall to save my ass here. Still holding 5850 & 5888 shorts....
Ghost Rider - WWTBMD?
  • #176,191
  • Oct 14, 2009 10:15am Oct 14, 2009 10:15am
Quoting albchr
Bite your tongue brother. She needs to fall to save my ass here. Still holding 5850 & 5888 shorts....
then the best course of action would be to find a nice level and get rid of them ASAP
Hear the music before the song is over ...
  • #176,192
  • Oct 14, 2009 10:15am Oct 14, 2009 10:15am
Quoting GlobalMacro




I think it will.....to the upside that is....
And i hope you are right
COT: The precious data ignored
  • #176,193
  • Oct 14, 2009 10:19am Oct 14, 2009 10:19am
Endrju;3146787]anyone going long? i took a small long at 5950, last hour closed as hammer, i'm awaiting for a move back to 6020, 5920 was too strong resistance for cable, so it could go other way[/quote]


Look at 15 min time frame is looks bearish.

Look at the formation.

Short also a head and shoulder and a head and shoulder in 4 hours
Attached Image(s) (click to enlarge)
Click to Enlarge Name: head.gif Size: 12 KB
Click to Enlarge Name: head 2.gif Size: 11 KB
Click to Enlarge Name: dollar index.gif Size: 12 KB
  • #176,194
  • Oct 14, 2009 10:19am Oct 14, 2009 10:19am
Quoting SkyzerFX
Strange, I though FEDs want lower dollar?

"
FREIBURG, Germany (Dow Jones)--Coordinating currency market intervention between the European Central Bank and the U.S. Federal Reserve "depends on the situation," a high-ranking ECB policy maker said Wednesday, when asked whether the ECB would coordinate possible intervention in foreign-exchange markets....
can u explain that in normal english that someone like myself can understand plz bro!..i just dont understand what it means
  • #176,195
  • Oct 14, 2009 10:21am Oct 14, 2009 10:21am
Quoting Endrju
anyone going long? i took a small long at 5950, last hour closed as hammer, i'm awaiting for a move back to 6020, 5920 was too strong resistance for cable, so it could go other way
I did the same thing....long at 1.5950..targeting 1.6030 first then i'll see
let's push the GBP up!
COT: The precious data ignored
  • #176,196
  • Oct 14, 2009 10:24am Oct 14, 2009 10:24am
what the hek its going nowhere tel the big fat azzs say somthing even the dam dow with all the best earnings wating for fomc

i am in long with a tight azz sorry stop loss
  • #176,197
  • Oct 14, 2009 10:24am Oct 14, 2009 10:24am
Quoting nAVIN2007
hi ahlam, and the rest


http://www.forex-book.org/


this is a wealth of information here for free..that book "trading in the zone" should be in there


http://www.forex-book.org/?s=trading+in+the+zone
it requires password to open it, do u know the password?
  • #176,198
  • Oct 14, 2009 10:24am Oct 14, 2009 10:24am
Quoting kuroro001
I did the same thing....long at 1.5950..targeting 1.6030 first then i'll see
let's push the GBP up!
Price has been denied on 5m chart @ 24ma line. I am looking to go back long too, but currently holding a short scalp @ 1.5955.

One more surge to the south side and we could see a nice dead cat bounce, but will hold short until time to not hold shorts no mo.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #176,199
  • Oct 14, 2009 10:27am Oct 14, 2009 10:27am
Quoting GlobalMacro
then the best course of action would be to find a nice level and get rid of them ASAP
You may be right bro and probably are, but that's a heck of a 4H forming ATM.
Ghost Rider - WWTBMD?
  • #176,200
  • Oct 14, 2009 10:28am Oct 14, 2009 10:28am
Quoting pakitrader
Endrju;3146787]anyone going long? i took a small long at 5950, last hour closed as hammer, i'm awaiting for a move back to 6020, 5920 was too strong resistance for cable, so it could go other way

Look at 15 min time frame is looks bearish.

Look at the formation.

Short also a head and shoulder and a head and shoulder in 4 hours[/quote]

Yes, at the moment it look little bit bearish, but USD is weak at the moment and that is main thing right now. I risked only third of usual position with sl 15, just curious how it will go after that kind of closure of hourly candle
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