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Cable Update (GBPUSD)

  • #178,061
  • Oct 21, 2009 6:43am Oct 21, 2009 6:43am
Quoting forexlion
1.6710 should be an ideal target

whats yours ?
will fail in my eyes when i look on USDx
  • #178,062
  • Oct 21, 2009 6:44am Oct 21, 2009 6:44am
Quoting grashid
..good job mate..

good luck with ur riding...lock as much as u can..cheers


Cheers
Hear the music before the song is over ...
  • #178,063
  • Oct 21, 2009 6:45am Oct 21, 2009 6:45am
Quoting GlobalMacro
Good Morning,

Like I Said Yesterday: The Sun Shines From Up Above, Always!...And Trendlines Are Known To Be Broken!!! weekly or otherwise!!

Active Long Position Summary:

+868 pips from 1.5712
+759 pips from 1.5821
+240 pips from 1.6340

Total Open: +1867 pips

I will continue to carry Longs!
Hi GM,

I think it is time to change your name to Global Pip Bank.....

Well done Matey...

GeppyG
Let Price determine your future!
  • #178,064
  • Oct 21, 2009 6:47am Oct 21, 2009 6:47am
Quoting forexlion
1.6710 should be an ideal target

whats yours ?
Impossible to know, all we have is watch the market to give us some clue as to the next move...for now buying pressure is on, therefore longs are on....
Hear the music before the song is over ...
  • #178,065
  • Oct 21, 2009 6:47am Oct 21, 2009 6:47am
Quoting Magix
Bull flag strategy is, 50% of the mast on the second leg.

Wonder why we stopped where we did?

Looks like this...4hr chart.

Bottom, 1.5704.
Top, 1.6396

Difference...692/2=Run expectation = 346 or 50%

Flag bottom, 1.6239
add the run, 346
top of the chart 1.6585...

Although not exact pin point precise, pretty friggen close.

And who says chart formations are bullshit?
can u post a chart of that formation buddy..i must have missed it
  • #178,066
  • Oct 21, 2009 6:52am Oct 21, 2009 6:52am
Quoting nAVIN2007
can u post a chart of that formation buddy..i must have missed it
Here ya go...
Attached Image (click to enlarge)
Click to Enlarge Name: bullflag.JPG Size: 68 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #178,067
  • Oct 21, 2009 6:55am Oct 21, 2009 6:55am
Quoting Geppyg
Hi GM,

I think it is time to change your name to Global Pip Bank.....

Well done Matey...

GeppyG
Thanks buddy...


well...last time I tried that name the crowd formed a line in front of my office....no,no,no,never again...
Hear the music before the song is over ...
  • #178,068
  • Oct 21, 2009 6:55am Oct 21, 2009 6:55am
Quoting Magix
Here ya go...
i personally think its all in the head, u might say its the flag id just say we were heading up..

good spot thou bro..great trade!
  • #178,069
  • Oct 21, 2009 6:57am Oct 21, 2009 6:57am
Quoting GlobalMacro
Thanks buddy...


well...last time I tried that name the crowd formed a line in front of my office....no,no,no,never again...
Hey GM, how about selling off some of your longs so this BITCH can drop some...Huh?....LOL
Ghost Rider - WWTBMD?
  • #178,070
  • Oct 21, 2009 6:58am Oct 21, 2009 6:58am
Quoting nAVIN2007
i personally think its all in the head, u might say its the flag id just say we were heading up..

good spot thou bro..great trade!
Hi Nav,

Hope all is well bro.....
Remember those signals ....bro...unreal right.......

Geppyg
Let Price determine your future!
  • #178,071
  • Oct 21, 2009 6:58am Oct 21, 2009 6:58am
Quoting albchr
Hey GM, how about selling off some of your longs so this BITCH can drop some...Huh?....LOL
That made me laugh chris cheers
Let Price determine your future!
  • #178,072
  • Oct 21, 2009 6:59am Oct 21, 2009 6:59am
Quoting nAVIN2007
i personally think its all in the head, u might say its the flag id just say we were heading up..

good spot thou bro..great trade!
Honestly, I never played it this way...predicting tops n bottoms, well, not my bestest game, however kept long because of h4 chart posted yesterday.

AVG'd down, held 25 lots on the way back up, once I was green all round, took some off the top waited for retrace and played her longs on spikes 2 more times before leaving 3 in the overnight....

For every major stop on the chart, I do believe there is a reason, this one seems as plausible as any...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #178,073
  • Oct 21, 2009 6:59am Oct 21, 2009 6:59am
Quoting Geppyg
Hi Nav,

Hope all is well bro.....
Remember those signals ....bro...unreal right.......

Geppyg

yeah they are bloody hell..wish i listened..
  • #178,074
  • Oct 21, 2009 7:00am Oct 21, 2009 7:00am
Quoting Geppyg
That made me laugh chris cheers
Wish I was laughing buddy. Looks like I'm on the wrong side again. I'd be happy with even a little retrace at this point.
Ghost Rider - WWTBMD?
  • #178,075
  • Oct 21, 2009 7:02am Oct 21, 2009 7:02am
Quoting Geppyg
Hi Nav,

Hope all is well bro.....
Remember those signals ....bro...unreal right.......

Geppyg
OK, what am I missing here buddy? What signals?
Ghost Rider - WWTBMD?
  • #178,076
  • Oct 21, 2009 7:02am Oct 21, 2009 7:02am
Quoting Magix
Honestly, I never played it this way...predicting tops n bottoms, well, not my bestest game, however kept long because of h4 chart posted yesterday.

AVG'd down, held 25 lots on the way back up, once I was green all round, took some off the top waited for retrace and played her longs on spikes 2 more times before leaving 3 in the overnight....

For every major stop on the chart, I do believe there is a reason, this one seems as plausible as any...
yeah 872 pips in a straight line and not going down..thought it was impossible for cable to achieve this..the thing is on steriods with u and G loading the mofo up!!

everydAy a new stretcher is here load up as well..LOL
  • #178,077
  • Oct 21, 2009 7:05am Oct 21, 2009 7:05am
Quoting Magix
Wonder why we stopped where we did?
This is going to be a tough level to break through. A lot of sellers up here.

Have to chip away at it little by little. we'll have a smoother ride once we're through this bit. Next will be 1.6645.
Attached Image (click to enlarge)
Click to Enlarge Name: live chart4.gif Size: 41 KB
  • #178,078
  • Oct 21, 2009 7:07am Oct 21, 2009 7:07am
Quoting albchr
OK, what am I missing here buddy? What signals?

Brov I will pm you what I am talking about ...

I had a loss of a stinking 60 pips as well brov...took a hit..Dont like to get involved in a 300 point swing to be honest....

Right now scalping the top with low stops to make my 60 pips back lol...not my style but....what can a poor pip man do
Let Price determine your future!
  • #178,079
  • Oct 21, 2009 7:09am Oct 21, 2009 7:09am
Quoting Geppyg
Brov I will pm you what I am talking about ...

I had a loss of a stinking 60 pips as well brov...took a hit..Dont like to get involved in a 300 point swing to be honest....

Right now scalping the top with low stops to make my 60 pips back lol...not my style but....what can a poor pip man do
Ghost Rider - WWTBMD?
  • #178,080
  • Oct 21, 2009 7:09am Oct 21, 2009 7:09am
Quoting Fudomyo
This is going to be a tough level to break through. A lot of sellers up here.

Have to chip away at it little by little. we'll have a smoother ride once we're through this bit to 1.6645.
Agreed...but, ya gotta appreciate the math and the coinciding chart formation.

Typically, I don't watch for these things, for the most part, I believe them to be as mythical as unicorns n leprechauns, but, an interesting observation to say the least.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
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