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Cable Update (GBPUSD)

  • #176,801
  • Edited 9:06am Oct 15, 2009 8:48am | Edited 9:06am
Sorry, I reload that indy and line are actually up now, looks

like it's going higher from here
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  • #176,802
  • Oct 15, 2009 8:54am Oct 15, 2009 8:54am
wormie brother, Bull Bear and DT brother what you think of it.

Any buddy believe or not but its a bull flag

shorties be aware of it this looks a genuine breakout not a squeeze.

Global Macro is right we cannot see 5300 in this decade. but we can see 1.7000 soon guys

A break of 6480 will confirm a sharp breakout move towards north.
I will never think of going shorts bulls into play and they will continue to play.

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  • #176,803
  • Oct 15, 2009 8:57am Oct 15, 2009 8:57am
looks like we gonna see 6600 again very soon.
  • #176,804
  • Oct 15, 2009 8:58am Oct 15, 2009 8:58am
Hello all just back from my work,LOOK IT GOES UPPPPPPPPP
i thought we will go 1.6177 but above 1.62 wow
any way i will take Heavy shorts from HERE 1.6245 SL above 1.63xx
Next 12H must drop or will think again
  • #176,805
  • Oct 15, 2009 8:59am Oct 15, 2009 8:59am
Quoting pakitrader
I appreciate your analysis Global Brother

But u need to tell why you were longing when everyone was short

U still long and what you think it is stop hunt or what

You telling we cannot see 5300 in this decade but you tell the reason why I will appreciate if you give us valuable information so that We can also gain some knowledge. thanks
bro...I understand you want to learn...but in order to learn you also have to make an effort to research and to study previous posts and a lot of other things...

It's not like I started liking longs out of the blue this week for the heck of it ...

It's not one chart I use or one market to base my trading decisions...there are myriad of factors...technical, quant, intermaket, macros etc. etc. etc. and intricate combinations thereof...

I posted my rationale for medium-to-long-term long bias last month.

Link is here:
http://www.forexfactory.com/showpost...stcount=167305


Also check your current daily and weekly charts!


Trade Well!
Hear the music before the song is over ...
  • #176,806
  • Oct 15, 2009 9:06am Oct 15, 2009 9:06am
Quoting pakitrader
wormie brother, Bull Bear and DT brother what you think of it.

Any buddy believe or not but its a bull flag

shorties be aware of it this looks a genuine breakout not a squeeze.

Global Macro is right we cannot see 5300 in this decade. but we can see 1.7000 soon guys

A break of 6480 will confirm a sharp breakout move towards north.
I will never think of going shorts bulls into play and they will continue to play.

i think u see to many flags..now we in the plane
GM is right!!! not this decade jose!!
  • #176,807
  • Oct 15, 2009 9:19am Oct 15, 2009 9:19am
Quoting nAVIN2007
i think u see to many flags..now we in the plane
GM is right!!! not this decade jose!!
Hello nAVIN
What's ur view?Have any short?
what u think of my previous post i took shorts, r u with me?
  • #176,808
  • Oct 15, 2009 9:22am Oct 15, 2009 9:22am
Quoting Fx1618
SL moved > 1.6163
SL Moved > 1.6172

<send from Mobile>
  • #176,809
  • Oct 15, 2009 9:22am Oct 15, 2009 9:22am
With a retrace back into the 1.63 area, a move that has been 2 weeks in the making, I am a little skittish about my long plays. Teetering trades at the top of buildings can easily crash into the street below.

We have not Busted through 1.63 yet, would expect that, a draw back and then muddy bottom scores for next week.

Just an IMO.
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  • #176,810
  • Oct 15, 2009 9:24am Oct 15, 2009 9:24am
Quoting egkid
Hello nAVIN
What's ur view?Have any short?
what u think of my previous post i took shorts, r u with me?
i got killed bro! wait for price to go to 1.60 and see if here is a buy signal...cannot sell into this very dangerous...i think trend is changed

short had everything going for it but the bull were seriously tough, i actually think this is intervention
  • #176,811
  • Oct 15, 2009 9:27am Oct 15, 2009 9:27am
Quoting Magix
With a retrace back into the 1.63 area, a move that has been 2 weeks in the making, I am a little skittish about my long plays. Teetering trades at the top of buildings can easily crash into the street below.

We have not Busted through 1.63 yet, would expect that, a draw back and then muddy bottom scores for next week.

Just an IMO.
What do you mean by muddy bottom my friend?
  • #176,812
  • Oct 15, 2009 9:39am Oct 15, 2009 9:39am
Quoting nAVIN2007
i actually think this is intervention
They actually boost the GBP EURO dropped and Dollar gain as well

short term, then everything is stopped and EURO back up high...

Watching here...No guarantee that they not going to do something

else tonight, while volume is low.
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  • #176,813
  • Oct 15, 2009 9:41am Oct 15, 2009 9:41am
Quoting nAVIN2007
i got killed bro! wait for price to go to 1.60 and see if here is a buy signal...cannot sell into this very dangerous...i think trend is changed

short had everything going for it but the bull were seriously tough, i actually think this is intervention
Still don't think so,Any way i load my shorts as i posted 1.6245
I think if we will keep going in down trend Must drop next 12h and today close very important

Good luck all
  • #176,814
  • Oct 15, 2009 9:48am Oct 15, 2009 9:48am
Quoting spintrader
What do you mean by muddy bottom my friend?
When forecasting a play back to the 1.63 range, I referred to this area as a gap that needed to be filled. No rise or drop goes unanswered to by any market.

Muddy Bottom is typically a term referred to in stock trading. When price rises from the ashes like the mythical phoenix, it does so for 2 reasons, fundamentals, which is not the case here, or to fill the void in the chart, which I believe to be the case.

As the gap gets filled, there is typically a retrace, happens over 2 days, which would lead us into next weeks play, as we may not have fully achieved targeted top of the bull run yet. From here we should see a small pull back for consolidation, a capitulated move crushing the newly formed top of the chart followed by the continuation of the decline in price, back to beginning or lower than original start.

WB has long term forecasts of 1.53 for the year and as discussed, I still see a possible yearly close at about 1.54 and there really is nothing in the charts as of current to tell me I am wrong. (YET)

Hope this helps, I may not be correct in my analysis, but current movement is quite indicative of the forecast.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #176,815
  • Oct 15, 2009 9:49am Oct 15, 2009 9:49am
Quoting nAVIN2007
i got killed bro! wait for price to go to 1.60 and see if here is a buy signal...cannot sell into this very dangerous...i think trend is changed

short had everything going for it but the bull were seriously tough, i actually think this is intervention
Intervention by whom, Navin?

Not to be flippant, mate, but the only intervention I see is there were far more buyers than sellers, with a fair portion of those buyers being existing shorts squeezed out of their positions. This means cable has been seriously bid all day.

You were on the wrong side of the trade, it happens to all of us from time to time, but you made big when you were short on the big move a few weeks ago, from 1.64 to the depths of 1.58XX. We didn't question whether it was intervention or manipulation on that date, we simply enjoyed the ride down.

Cheers, Paul
  • #176,816
  • Oct 15, 2009 10:01am Oct 15, 2009 10:01am
I don't know with u guy. Im selling here from 6294 with a profit. Take 15M chart as reference, i think still safe if price not break 6280.
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #176,817
  • Oct 15, 2009 10:02am Oct 15, 2009 10:02am
Quoting gammase1
Intervention by whom, Navin?

Not to be flippant, mate, but the only intervention I see is there were far more buyers than sellers, with a fair portion of those buyers being existing shorts squeezed out of their positions. This means cable has been seriously bid all day.

You were on the wrong side of the trade, it happens to all of us from time to time, but you made big when you were short on the big move a few weeks ago, from 1.64 to the depths of 1.58XX. We didn't question whether it was intervention or manipulation on that date, we simply...
I still think we are in down trend and next 24h Will be very interesting
AS long as my map say so i'm short till HIT my TP OR SL
Today close very important,Seems no one short now all long
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  • #176,818
  • Oct 15, 2009 10:02am Oct 15, 2009 10:02am
Quoting Fx1618
SL Moved > 1.6172

<send from Mobile>
SL Moved > 1.6180

<send from mobile>
  • #176,819
  • Oct 15, 2009 10:08am Oct 15, 2009 10:08am
Check GBPCAD.
  • #176,820
  • Oct 15, 2009 10:11am Oct 15, 2009 10:11am
Quoting Fx1618
SL Moved > 1.6180

<send from mobile>
You should set up a journal, friend. That way, people who actually want to keep up-to-date with all your positions can find the information easily in one place.

Cheers, Paul
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