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Cable Update (GBPUSD)

  • #178,421
  • Oct 22, 2009 9:24pm Oct 22, 2009 9:24pm
  •  sloof
  • | Joined Apr 2009 | Status: Birejji (ビレッジ) ►FOREX◄ | 141 Posts
Quoting wormboy
Time to take your money & run. chop chop chop weeks ahead.
Good luck
Yup... and if you see what I see (if what I see is true) you should see a continuation pattern (to the downside) =P which should happen after the choppy chop chop
  • #178,422
  • Edited 9:36pm Oct 22, 2009 9:25pm | Edited 9:36pm
Quoting forexlion
what are your targets ?
From the 21st my reason for staying in was confirmed
"me= hoping --we blow thru 6450 that 6500 will be mornings toast.
And tasty @ that served up by the Queen herself with 2 runny eggs"


Todays target was 6600 on cable. After breakout confirmation I remained long.

Depending on charts, USD & Dow I am looking to retest 6700 on daily. If this trend continues.. 6800 and on to ultimat target of 1.7000
Lower tfs are not showing this.

I think there will be some retracement especially @ LDN. However the past 2 or 3 LDN opens have sold only to buy.

I am seeing consistent resistance turning to support on Fibre and Cable.

Seems like every dip is being bought....

Fibre indicated the cable breakout and I tried to explain a theory on the M1.

Unless we break 6450/ 6500 area I am looking to 6750/6800 depending on USD, BOE, Charts and Dow.

Fibre I am looking to 5400 again depending. I am no where close to being convinced of long term shorts yet.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #178,423
  • Oct 22, 2009 9:27pm Oct 22, 2009 9:27pm
  •  sloof
  • | Joined Apr 2009 | Status: Birejji (ビレッジ) ►FOREX◄ | 141 Posts
Quoting sloof
Yup... and if you see what I see (if what I see is true) you should see a continuation pattern (to the downside) =P which should happen after the choppy chop chop
also, I think we're still headed down in the near short term (no break above 1.67)
  • #178,424
  • Oct 22, 2009 9:29pm Oct 22, 2009 9:29pm
Quoting mloistianto
Trying 0.4 lot short from here. right below this TL.. @ 1.6622. Its just, USD is way to oversold while Pound should not be in this point. GU react harshly to the down side today. Daily View.
Close my short in RED... Here. @1.6637 -15 Pips. Phew.. Just following S/R RUles.. better than ruining my account.
  • #178,425
  • Oct 22, 2009 9:32pm Oct 22, 2009 9:32pm
adding small lot 0.1 to long here @1.6639..
  • #178,426
  • Oct 22, 2009 9:40pm Oct 22, 2009 9:40pm
I agree on retracement.

BUT, I will not close 2/3 day old trades based on a 50 pip loss any more.


Quoting sloof
also, I think we're still headed down in the near short term (no break above 1.67)
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #178,427
  • Edited 10:12pm Oct 22, 2009 9:46pm | Edited 10:12pm
WE are NOT far from it! Just a thought. ON daily that is... It may be tough..

DOW has just hit 10000 for first time in about a ear. Yes there may be retracement, yet the sentiment to keep tis going seems to be there as of yet.
Dow Up-
http://images.bloomberg.com/r06/home...NDU.png?364159

USD Down
http://quotes.ino.com/chart/history....=15&a=50&v=d12

Chart to match thoughts in last post
Cable UP

"IF" the yellow line @ 6510 / 6500 area serves as support we will hit 6700 In "my" view.

LDN will not open for 2 more hours and I am not seeing sellers yet.

Potential exit @ 6600 passed up and now @ 50 pips plus.

Quoting sloof
also, I think we're still headed down in the near short term (no break above 1.67)
Attached Image (click to enlarge)
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XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #178,428
  • Oct 22, 2009 9:57pm Oct 22, 2009 9:57pm
OPEN:

CABLE = long @ 6289 10/18/09 = 365 pips
FIBRE = long @ 4855 10/18/09 = 175 pips
Dragon = long @ 151.310 10/21/09 = 133 pips

If Only the market could always go like this!

And NO MORE trading pairs I don't study like XXX/AUD

IN all Honesty - I (have now) surpassed losses.

LOSSES. that were UNnecessary and could have been avoided....
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #178,429
  • Oct 22, 2009 10:14pm Oct 22, 2009 10:14pm
Quoting XTrade
OPEN:

CABLE = long @ 6289 10/18/09 = 365 pips
FIBRE = long @ 4855 10/18/09 = 175 pips
Dragon = long @ 151.310 10/21/09 = 133 pips

If Only the market could always go like this!

And NO MORE trading pairs I don't study like XXX/AUD

IN all Honesty - I (have now) surpassed losses.

LOSSES. that were UNnecessary and could have been avoided....

you open your trades on monday and closed today?

thanks.
  • #178,430
  • Oct 22, 2009 10:18pm Oct 22, 2009 10:18pm
Closed?

These are all open positions.

I'm sorry did I word something wrong? Please let me know.

See some of my recent posts on the past 2 pages for clarification, if you like that is.

Quoting cesararr
you open your trades on monday and closed today?

thanks.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #178,431
  • Oct 22, 2009 10:27pm Oct 22, 2009 10:27pm
salammmmm hi alll

whos with me to the 53000 trip
  • #178,432
  • Oct 22, 2009 10:33pm Oct 22, 2009 10:33pm
Sounds interesting... I'm looking to go short, is it a good time? I saw it climbed up almost till 6680 but bounced back down, does that mean the resistance is holding well or is it too soon to tell?
  • #178,433
  • Oct 22, 2009 10:33pm Oct 22, 2009 10:33pm
Quoting kill
salammmmm hi alll

whos with me to the 53000 trip
I am loaded up for it. It'll all happen one at 0930GMT.
TRADE FOR SWAP
  • #178,434
  • Oct 22, 2009 10:48pm Oct 22, 2009 10:48pm
For any reason i open a long position on 6664, anyone think it can go back again before London?

thanks.
  • #178,435
  • Oct 22, 2009 11:22pm Oct 22, 2009 11:22pm
GU is getting ready to CRASHHHHHHHHHHHHHHHH

a kiss of 6660 was expected, happened, now we go down
Attached Image (click to enlarge)
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  • #178,436
  • Oct 22, 2009 11:25pm Oct 22, 2009 11:25pm
Crashhhhhhhhhhh ? To where ??
  • #178,437
  • Oct 22, 2009 11:26pm Oct 22, 2009 11:26pm
Quoting forexlion
GU is getting ready to CRASHHHHHHHHHHHHHHHH
i guess we only need to wait for gdp results, which could be less than expected because of retail sales and then gbp will fall strongly
  • #178,438
  • Oct 22, 2009 11:30pm Oct 22, 2009 11:30pm
Quoting ayseaf
Crashhhhhhhhhhh ? To where ??
to meet her
http://tinyurl.com/ykrg3f6

[url protected for forum ethics, open only if you are over 18]
  • #178,439
  • Oct 22, 2009 11:33pm Oct 22, 2009 11:33pm
Quoting forexlion
to meet her
http://tinyurl.com/ykrg3f6

[url protected for forum ethics]

Did you already entry your short? if yes what is your entry..?

thanks.
  • #178,440
  • Oct 22, 2009 11:34pm Oct 22, 2009 11:34pm
Quoting Magix
Brought to you by the Department of Redundancy Department.

Not me, never would I ever be so wordy and verbose....
that would be like prancing and dancing about with a
superfluous nipple in a nudist colony.

Dr. D.

http://4.bp.blogspot.com/_SVNTTN1sWT...3nippleart.jpg
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