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Cable Update (GBPUSD)

  • #176,521
  • Oct 15, 2009 3:44am Oct 15, 2009 3:44am
Quoting direct-trade
Im now Short at 16208.

Post here:

http://www.forexfactory.com/showpost...&postcount=146
Shorted too, great 1min trigger with the double regular immediate bearish divergence set-up @ the 2 x fibs 6216-23 referred too in earlier post..out now though, lol,..a quick +19 from same 6808bid entry.

G/L with any extended target..
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ex member
  • #176,522
  • Oct 15, 2009 3:44am Oct 15, 2009 3:44am
Quoting forexlion
I am not going to short GU till it hits my end target of 1.6347

I will keep scalping 1 hour swings though

Quoting Bull_Bear
Not before a retrace Lion... REmeber the shit its gotta shovel
there goes yer retrace
  • #176,523
  • Oct 15, 2009 3:47am Oct 15, 2009 3:47am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
short order @ 62200 SL @ 6400
Have a doubt it'll go to 62500 or even 6300 before falling within a day or two.
  • #176,524
  • Oct 15, 2009 3:50am Oct 15, 2009 3:50am
The fact that price hasn't shot down shows that the smart money hasn't liquidated their long position.
Probability Professor
  • #176,525
  • Oct 15, 2009 3:51am Oct 15, 2009 3:51am
Quoting forexlion
there goes yer retrace

We all get it wrong mate... Remind me to laugh at your wrong calls next time. On balance, my win/lose ratio way ahead, so who's laughing now....
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #176,526
  • Oct 15, 2009 3:52am Oct 15, 2009 3:52am
WB, BB???

Where You Guys At?

I can smell my drinks from thousands of miles away...

IS THIS SWEET OR WHAT?
Hear the music before the song is over ...
  • #176,527
  • Oct 15, 2009 3:53am Oct 15, 2009 3:53am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
That's what I posted few days ago FL.
I would short good amount this time with 200 pip SL as there is no way in hell cable is going to go more then 1.66...even if it does I'll increase my SL.

Dow touched 10000 and talk of the town is 10400 before it begins to slide 1000 pips or so.


Quoting forexlion
there goes yer retrace
  • #176,528
  • Oct 15, 2009 3:53am Oct 15, 2009 3:53am
Quoting GlobalMacro
Good Morning,

What Can I Say?! We Rock!!!


Active Long Position Summary:

+488 pips from 1.5712
+379 pips from 1.5821

Total Open: +867 pips

Will Continue To Carry Longs!
Two Words...

You MUG

Well done mate
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #176,529
  • Oct 15, 2009 3:56am Oct 15, 2009 3:56am
when cable was at 1.57 on i said i see cable in 1.62 region b4 the week close,infact i was expecting it to get there yesterday but didnt, all terget met.well glory be to God as i make sweet big pips.......the next terget is 1.6390-1.64 region.
what you see is what you get
  • #176,530
  • Oct 15, 2009 3:57am Oct 15, 2009 3:57am
Quoting direct-trade
Im now Short at 16208.

Post here:

http://www.forexfactory.com/showpost...&postcount=146
Why go short when nothing tells you too. The last 5 minutes of a candle is always a push somewhere hard. wait for PA everyone, you wont regret it
  • #176,531
  • Oct 15, 2009 3:57am Oct 15, 2009 3:57am
...another quick long with the 5min+ uptrend direction after the pullback, based on the 1min hidden-divergence re-entry (to next t/f [=] trend after a pullback) set-up..all looking a bit overbought now, but of course things do in an uptrend...mni talking about offers 6220/25 with stops above now? ..makes sense with the potential sbr/res factors around there....also demand into 6180/70 and below that 6135/25 likely.

G/L
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ex member
  • #176,532
  • Oct 15, 2009 3:57am Oct 15, 2009 3:57am
Quoting Piters
Lol, maybe in short term - retrace.. manage your shorts with SL..

Today NEWS are earnings as second part.. following yesterday "excellent JPM Earnings", today GS [Goldman Sachs] report their earnings...

Who knows...

GS Uk was downgraded 2 days ago..
JPM had 6 fold excellent earnings..


im not a NEWS trader, but Im aware that that kind of NEWS can very easy affect all markets.. Probably for ES to test 1124 [fibo50] and for DOW another 100 points on the top...

cheers.!
mate, i normally don't trade the news, i follow the technical analysis..
but what about the DOW, could get back down at 10.000 points? now it's at 9960.. also s&p it is at 1090... could this push the yen higher and the pound lower? also, the dollar up? what do you think about this scenario?
LOL
  • #176,533
  • Oct 15, 2009 3:57am Oct 15, 2009 3:57am
Guys,

Technical issues aside, I think it would be very unwise for buy the dollar i.e short GBP/USD at this time. Dollar weakness issues are all-over the news. Check these two for example.

The snap through key resistance 1.6100 has me very worried and now its kissing 1.6200. Hmmm
  • #176,534
  • Oct 15, 2009 3:57am Oct 15, 2009 3:57am
put short pos @ 6212, sl 6250. my resistance line is at 6222.
  • #176,535
  • Oct 15, 2009 3:58am Oct 15, 2009 3:58am
Quoting GlobalMacro
WB, BB???

Where You Guys At?

I can smell my drinks from thousands of miles away...

IS THIS SWEET OR WHAT?
Ha!! Only in your dreams mate.... cos that's as close you will get to reality on the taste of my beer.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #176,536
  • Oct 15, 2009 4:01am Oct 15, 2009 4:01am
Respecting the respectable 50% fib thus far.
Probability Professor
  • #176,537
  • Oct 15, 2009 4:02am Oct 15, 2009 4:02am
Here's the link
http://www.cnbc.com/id/15839263/site...abheader=false
  • #176,538
  • Oct 15, 2009 4:03am Oct 15, 2009 4:03am
Quoting GlobalMacro

Total Open: +867 pips

Will Continue To Carry Longs!


Quoting Fx1618
I have that fuzzy feeling that if I wake up we will be lower...
Quoting Fx1618
Long @ 1.6006
Quoting Fx1618
SL moved to 1.6009
SL Moved >>> 1.6031
  • #176,539
  • Oct 15, 2009 4:04am Oct 15, 2009 4:04am
Some supply evident at that 6220/25 area as mentioned by mni, underside of prev ascending daily support trend line there with 50% 6740-5707 and 38.2% of main 7044-5707...also Daily R4 pivot and Weekly R2 are in that vicinity.

G/L
ex member
  • #176,540
  • Oct 15, 2009 4:05am Oct 15, 2009 4:05am
shorts taken 2 lots @ 16210. Hope this thing goes down since it is overbought. TP: 75 pips.
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