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Cable Update (GBPUSD)

  • #179,881
  • Oct 29, 2009 3:20pm Oct 29, 2009 3:20pm
Quoting GlobalMacro
Very Warm Bullish Greetings To The Chiefs Of Permanent Bears

WB

&

BB

Are You Still Selling Guys.....?.......

Quoting Bull_Bear
Buy cable 1.6438.. SL.. 1.6330.. TP.. 1.6580
Sell this GM...

2 x 142 = + 284pips

Happy to go toe to toe with you mate. Are you still FLAT with no trade

Remember no FLAT BEER ya MUG.

I have a policy Spring/Summer dedicate a bit more time to life and enjoying the fruits of life, that's why I not around as often compared to Autume / Winter. Offcourse my fall back is Auto Mode....

Seeya at 1.5300 ya MUG.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #179,882
  • Edited Oct 30, 2009 1:25pm Oct 29, 2009 3:22pm | Edited Oct 30, 2009 1:25pm
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #179,883
  • Oct 29, 2009 3:23pm Oct 29, 2009 3:23pm
my idea: GBPUSD to 6480 and tomorrow finally above 1.7. I believe this is the time we finally win with 1.7
  • #179,884
  • Oct 29, 2009 3:30pm Oct 29, 2009 3:30pm
Quoting silverheat
on daily, gu tested broken tl from above, bad sign for shorts

below 1.62 yes
yes i see that now..i dont use trendlines so became a victim for not seeing this..i just relied on weekly pin
  • #179,885
  • Oct 29, 2009 3:36pm Oct 29, 2009 3:36pm
Lets sell her now...

1.6540.. SL.. 1.6620.. TP.. 1.6350

See you later London session
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #179,886
  • Oct 29, 2009 3:37pm Oct 29, 2009 3:37pm
Quoting Magix
Have fun, take care and make money.

All the best

M
I say old bean you would lose an opportunity for great fun if you check out.

Being a lone voice is wonderful if you are subsequently right

You are seen as the maestro for up to 24 hours before being seen as yesterday's man again

If you don't like all the bears then take your opportunity to tweak their tails and remind them of your correct sentiments when they are at their lowest

When I was in business I always took the attitude - 'kick em on the way up so you can kick em again on the way down'

Being successful in private is no fun when you could be grinding humiliation into them. Or is it me who is a little sadistic ?
  • #179,887
  • Oct 29, 2009 3:47pm Oct 29, 2009 3:47pm
Quoting kill
salam hi all

who's shorten from here
Why do you keep saying that?
Is it ski season already? LOL

Carry On!

Dr. D.
  • #179,888
  • Oct 29, 2009 4:00pm Oct 29, 2009 4:00pm
Quoting djambazov84
i vote for an bull trap upthrust
weekly pin still upon us but what do i know... last night was arguing with a muppet here who was shorting cable from the get-go and i told him that this might be an accumulation off 1.63 for a couple of days now so i was expecting cable to go higher for today. i expect a selloff tomorrow and looks like today`s top was put

fyi i am now short 1.6597
closed short @ 1.6534 because this is starting to look more and more like a retracement/flag/whatever

h4/h1/and below charts are bullish and this was sort of a rounded bottom to me for past couple of days formed on h1/h4

in such times when significant supply zone on larger time frames is not yet tested i would not long regardless gu is in long mode...just not me buying when coming into proven (for now) supply areas mixed with psych round numbers which always attract extra liquidity into market since many options, barriers and synthetic products and all this coupled with massive hedging spot market orders made by fat whales such as the commercials...


take what u can and leave nothing
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #179,889
  • Oct 29, 2009 4:06pm Oct 29, 2009 4:06pm
You're probably in bed now but your stop loss is 'bear'ly 80 pips from where we are now, which could easily be taken out in the Asian session.

If you ask me, we might not see that much of a retracement after Asia opens and tomorrow sometime we breakthrough last week's high and stay there for the first few days next week before the 'King' brings her down again.

Obviously, I could be totally wrong....


Quoting Bull_Bear
Lets sell her now...

1.6540.. SL.. 1.6620.. TP.. 1.6350

See you later London session
  • #179,890
  • Oct 29, 2009 4:08pm Oct 29, 2009 4:08pm
Quoting djambazov84
closed short @ 1.6534 because this is starting to look more and more like a retracement/flag/whatever

h4/h1/and below charts are bullish and this was sort of a rounded bottom to me for past couple of days formed on h1/h4

in such times when significant supply zone on larger time frames is not yet tested i would not long regardless gu is in long mode...just not me buying when coming into proven (for now) supply areas mixed with psych round numbers which always attract extra liquidity into market since many options, barriers and synthetic products...
ya noticed the flag couple of hours ago..i m short since then but looking to close it for few pips and buy order at the day high(pole of flag)
  • #179,891
  • Oct 29, 2009 4:14pm Oct 29, 2009 4:14pm
Quoting allserene
Being successful in private is no fun when you could be grinding humiliation into them. Or is it me who is a little sadistic ?
I'm with you alan I like sadistic. Especially when you can be one.

Biggest BEAR I am. No one can humiliate me tho. lol

Check it out, boy got skills no?:
http://www.forexfactory.com/showpost...postcount=3605

AM I TOO GOOD?? pffft

some weirdos around here I tell ya, make a hundred pips and they come out blowing their trumpets. Pride comes before the fall. Always.

laters
Thank You
  • #179,892
  • Oct 29, 2009 4:20pm Oct 29, 2009 4:20pm
Quoting Turveyd
95% of traders lose, because they go onto Forums and get taught how to lose.

Rather than reading each post on this forum... I spend my leisure time reading obituaries.

Another mindless activity to past the time between moves on the charts has been to back test through the posts on this thread to only those intervals that immediately preceed a big move on the pair and see just how far off the mark even the most astute traders are in their prognostications.

Why would anyone expose themselves this way?

We would be more accurate predicting where the zit will splatter on the mirror when we squeeze that pimple on the end of our beak.

Dr. D.
  • #179,893
  • Oct 29, 2009 4:25pm Oct 29, 2009 4:25pm
Quoting wormboy
I'm with you alan I like sadistic. Especially when you can be one.

Biggest BEAR I am. No one can humiliate me tho. lol

Check it out, boy got skills no?:
http://www.forexfactory.com/showpost...postcount=3605

AM I TOO GOOD?? pffft

some weirdos around here I tell ya, make a hundred pips and they come out blowing their trumpets. Pride comes before the fall. Always.

laters
yep you have to be able to dodge the retraces before you can strut your stuff

It is amazing though that as it falls the place is full of 'obviously it was a short' people and when it goes up it was 'I was long all along really'

When its going up strongly and the forum is full of 'quick go short' traders then I will start to take notice

I always think of the crashes in cable during the Madrid bombings - thats when charts go out of the window - events dear boy, events

summary - always have a stop loss


ALWAYS
  • #179,894
  • Oct 29, 2009 4:30pm Oct 29, 2009 4:30pm
Quoting cannarek
my idea: GBPUSD to 6480 and tomorrow finally above 1.7. I believe this is the time we finally win with 1.7
i do agree with you my plan is to go LONG again po from 6490 and target is at 1.67 and then 1.7xx


Ub
  • #179,895
  • Oct 29, 2009 4:37pm Oct 29, 2009 4:37pm
Quoting fourxtrader
The last time we saw the ema's bunch this tightly together
with a narrow spread of 6 pips between 9 ema's on an hourly
chart for over 36 hours was back in Aug. (20th). The following
separation after this compression resulted in ~350 pips of movement.
This is [i][color=#0000ff]not...
Hope everyone caught some pips on this move.

If you were ready and waiting... knowing that pressure
was building in the higher ema's... a significant breakout
would result.

Dr. D.

Attached Image
  • #179,896
  • Oct 29, 2009 4:43pm Oct 29, 2009 4:43pm
Quoting allserene
yep you have to be able to dodge the retraces before you can strut your stuff

It is amazing though that as it falls the place is full of 'obviously it was a short' people and when it goes up it was 'I was long all along really'

When its going up strongly and the forum is full of 'quick go short' traders then I will start to take notice

I always think of the crashes in cable during the Madrid bombings - thats when charts go out of the window - events dear boy, events

summary - always have a stop loss


ALWAYS
absolutely..its either going to go north or south and it was far from obvious..now the guys that went long want a trophy


amazes me!!
Attached Image (click to enlarge)
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  • #179,897
  • Oct 29, 2009 4:46pm Oct 29, 2009 4:46pm
Quoting ledobedo
ya noticed the flag couple of hours ago..i m short since then but looking to close it for few pips and buy order at the day high(pole of flag)
buying now that it is 50 pips from prev support and coming into asia that usually has 50-90 pip average ranges and kingdom of fakeouts i`d be very uncomfortable with that

but ... again its just me it might as well just blast off for another 100 pips right from here but chances are...it will not so i`ll stick with chances and look for some price action around 1.66 - our local high

dunno if it will be an interesting friday for BOTH ny and london but i think it wont be a ranging day because price is at a very interesting price level and something has got to give

take what u can and dont trade what you think/feel/picture....
we are currently in a h4 bull trend but going rather erratically up we had 3 days of accumulation and if today`s breakout is not just a thrust up into selling blocks of inst orders then i would not want to stand in front of the moving train

p.s. i am very delighted for receiving those vouches thanks dudes i really DO appreciate it
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #179,898
  • Oct 29, 2009 4:55pm Oct 29, 2009 4:55pm
Quoting djambazov84
buying now that it...
wise words..
u got my vouche because u can trade and your insight is of value!
  • #179,899
  • Oct 29, 2009 5:30pm Oct 29, 2009 5:30pm
I think she wants to test 660 first, then anywhere from there is my guess.
  • #179,900
  • Oct 29, 2009 5:33pm Oct 29, 2009 5:33pm
Quoting alex1976
I think she wants to test 660 first, then anywhere from there is my guess.
alex how did u mange yur trade..are u stoppped out or still in?
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