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Cable Update (GBPUSD)

  • #180,301
  • Nov 2, 2009 9:13am Nov 2, 2009 9:13am
Quoting TauTrader
Good day to you,

Annndddd....POP goes my target for EU....(1.4800)

Consolation that the plan was right... Patience is probably the most important single trait you really need. I did not have...

Let's Trade!

Regards
u did the right think it only went up euro cause usd news was great..usd is in the process of a recovery..the bulls were found in mexico

or at least that was the plan..but usd look like t is going through the floor
  • #180,302
  • Nov 2, 2009 9:15am Nov 2, 2009 9:15am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
shorts are coming our way very soon. Unless, 64700 is reached and breached.
64200 big seller sitting.




Quoting TauTrader
Don't tell me.....
  • #180,303
  • Nov 2, 2009 9:17am Nov 2, 2009 9:17am
why us news .. didnt bring the GBP DOWN

so wiered !!!
THE CREATOR AND OWNER OF S.N.M "Serve no Master" Trading Stystem
  • #180,304
  • Nov 2, 2009 9:19am Nov 2, 2009 9:19am
Quoting nAVIN2007
u did the right think it only went up euro cause usd news was great..usd is in the process of a recovery..the bulls were found in mexico

or at least that was the plan..but usd look like t is going through the floor
Good day to you, Navin

My plan was set @ market open last night. Trades were entered into with TP @ 1.4798 - why did I go and interfere? Heaven knows....

I left money on the table. Period. Silly...

So they are chasing those bulls across the border now to come and play in the old USA?

Trade well, my friend

Regards
  • #180,305
  • Nov 2, 2009 9:21am Nov 2, 2009 9:21am
Quoting ams
shorts are coming our way very soon. Unless, 64700 is reached and breached.
64200 big seller sitting.
Now comes the part of the forum I love the most.....

You can have all the shorts you want, once we touch 1.6520.... (only 100 more to go)

Regards
  • #180,306
  • Nov 2, 2009 9:26am Nov 2, 2009 9:26am
going short...
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  • #180,307
  • Nov 2, 2009 9:26am Nov 2, 2009 9:26am
my areas again gave a lot of pips. I like it. half position closed, the second one saved at be+1
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  • #180,308
  • Nov 2, 2009 9:28am Nov 2, 2009 9:28am
tau trader, any idea about TP for short..
  • #180,309
  • Nov 2, 2009 9:33am Nov 2, 2009 9:33am
Quoting navhin
tau trader, any idea about TP for short..
Good day to you,

I would not go short.

But,1.6403 will be a key level - I do not think we will go below this level for a while.

1.6403 is the monthly opening price. BUt, If we do and you can get through the 1.6400 round number, your target will be 1.6372

Regards
  • #180,310
  • Nov 2, 2009 9:34am Nov 2, 2009 9:34am
going short if trendline holds.
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  • #180,311
  • Nov 2, 2009 9:38am Nov 2, 2009 9:38am
Quoting cannarek
my areas again gave a lot of pips. I like it. half position closed, the second one saved at be+1
closed the second half manually +107 pips the hole position.
  • #180,312
  • Nov 2, 2009 9:40am Nov 2, 2009 9:40am
Quoting TauTrader
Good day to you, Navin

My plan was set @ market open last night. Trades were entered into with TP @ 1.4798 - why did I go and interfere? Heaven knows....

I left money on the table. Period. Silly...

So they are chasing those bulls across the border now to come and play in the old USA?

Trade well, my friend

Regards
yeah this is why i have made a rule once in trade, let it play out regardless..if i start missing with things its become subjective, then rules for me become very hard to follow..

well still in it thats gotta be good


Quoting negro wolf
why us news .. didnt bring the GBP DOWN

so wiered !!!
not strange at all..infact its a good thing.....news is released fear comes into market short close out price rises, sellers can sell from a high or the other dynamic, usd tests the bottom so it can recover quick....the quickier is moves down to test support the quickier it can recover
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  • #180,313
  • Nov 2, 2009 9:44am Nov 2, 2009 9:44am
Quoting cannarek
closed the second half manually +107 pips the hole position.
Good work. I bought at 1.6346 (20pips late) with 20 pip SL and already closed 2/3 with +80 pips profit
  • #180,314
  • Nov 2, 2009 9:45am Nov 2, 2009 9:45am
Quoting negro wolf
why us news .. didnt bring the GBP DOWN

so wiered !!!
Yup..good question..
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #180,315
  • Nov 2, 2009 9:48am Nov 2, 2009 9:48am
Quoting Yngwie
Yup..good question..
10 minutes u will see
  • #180,316
  • Nov 2, 2009 9:50am Nov 2, 2009 9:50am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
see this what I meant.
That spike was massive dollar shorting covering all dollar longs and vice versa. Now we have the real PA. Shorts coming our way.
These suckers play games between asia and london now a days. US is not player anymore of currency trading. Else it would have taken UK out by now.


Ta
ams



Quoting TauTrader
Now comes the part of the forum I love the most.....

You can have all the shorts you want, once we touch 1.6520.... (only 100 more to go)

Regards
  • #180,317
  • Nov 2, 2009 9:51am Nov 2, 2009 9:51am
yeah , exciting movement but wrong entry
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  • #180,318
  • Nov 2, 2009 9:52am Nov 2, 2009 9:52am
patience is virtue,

collecting some scalping pips now.

http://img257.imageshack.us/img257/7...ember1stgu.jpg
lowest draw down possible please.
  • #180,319
  • Nov 2, 2009 9:54am Nov 2, 2009 9:54am
Good day to you,

Levels of importance to me at present. Numbered and referenced:

1) Below current price, we now have confluence of the following - the monthly open @ 1.6403, as well as the 50% line of the week so far, sitting @ 1.6402

2) Just above price, we have Friday's low @ 1.6413

3) Here we have the 50% line of last week sitting @ 1.6426 - a tough nut to crack.

4) @ 1.6488, we have the lower level of the daily channel by low

5) The projected close of the week @ 1.6521 ( this is not a technical number - just a projection)

Ok - I can see extreme down pressure - well done AMS for spotting the 1.6420ish level - kudos to you. The bullies and the bearies are battling things out - awesome to watch...

I remain set on my 1.6520 level - that is my plan. If it does not work, I move on...

I hope these levels are of some assistance

Wish you all the best of success

Regards
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  • #180,320
  • Nov 2, 2009 9:54am Nov 2, 2009 9:54am
Hello all
Just came from my work:-)
I don't like what i see with e/u any way short becarefull
I took short g/u 1.6415
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