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Cable Update (GBPUSD)

  • #181,621
  • Nov 8, 2009 9:41pm Nov 8, 2009 9:41pm
Hi greg Ive been trading about 3 years and I have made the observation that when the macd is flat like that price is trending ,I wonder is this the correct assumption?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #181,622
  • Nov 8, 2009 9:57pm Nov 8, 2009 9:57pm
http://www.forexfactory.com/showthre...79#post3166179

Im sticking to my origanal calls gang,


Next stop 1.6740

I am projecting the G/U to reach 1.6740 over time watch for retracement
and re-entry points and enjoy the ride.





Next 4 Major Resistant Areas

  1. 1.6386 -OK it hit #1 and retraced- now long again to #2 1.6567
  2. 1.6567 -OK it hit #2 - now long to #3 1.6655
  3. 1.6655 -OK it hit #3 - now long to # 1.6740
  4. 1.6740 - after this target is hit I will plot a new course im leaning long.

If it breaks above 1.6740 then to 1.7040, keep track of this and tell
me how it turns out.


"Its not whether your right or wrong thats important but how much money
you make when your right and how much you loose when your wrong."

-Warren Buffett

  • #181,623
  • Nov 8, 2009 10:09pm Nov 8, 2009 10:09pm
Quoting grashid
but my tp ..mm...slighly different with yours

1st 6640
2nd 6740 (misses 5 pips)
3rd 6880
4th 7040



...just joking
Shall I close my Long? Offcause...

How about short ?
All are on? ........6695/6700/6720 & 6730 oo yeaaa

Sorry for this BS post...Good luck all
  • #181,624
  • Nov 8, 2009 10:10pm Nov 8, 2009 10:10pm
IMHO the Unemployment rate UK is the main key of this week movement.

If the result is neutral or reduce, the GBP might go above 1.7092. If not, the trading range is still below 1.7000.

IMHO, even if it falls, the price will still above 1.6500.

I wish God bless you all.
  • #181,625
  • Nov 8, 2009 10:10pm Nov 8, 2009 10:10pm
Quoting Pip Biz
http://www.forexfactory.com/showthre...79#post3166179

Im sticking to my origanal calls gang,


Next stop 1.6740

I am projecting the G/U to reach 1.6740 over time watch for retracement
and re-entry points and enjoy the ride.






Next 4 Major Resistant Areas[list=1][*]1.6386 -OK it hit #1 and retraced- now long again to #2 1.6567[*]1.6567 -OK it hit #2 - now long to #3 1.6655[*]1.6655 -OK it hit #3 - now long to # 1.6740[*]1.6740...
  • #181,626
  • Nov 8, 2009 10:22pm Nov 8, 2009 10:22pm
Quoting Greg Wilson
My name is Gregory Thaddeus Wilson. I am a professional FOREX trader.
Hi Greg,

We'll always welcome a pro ....thank you for your analysis.....feel in same mood.....waiting for London opening
Non licet omnibus adire Corinthum
  • #181,627
  • Nov 8, 2009 10:33pm Nov 8, 2009 10:33pm
Quoting grashid
Shall I close my Long? Offcause...

How about short ?
All are on? ........6695/6700/6720 & 6730 oo yeaaa

Sorry for this BS post...Good luck all

follow u..follow u ... follow slowly like a siput (snail)
i really appreciate yr post
  • #181,628
  • Nov 8, 2009 10:41pm Nov 8, 2009 10:41pm
Hi guys,

These last weeks I noticed, as others here, Dow and cable were moving together....personnaly I'm using wall street futures to help me understand cable PA....
Below is my chart of this futures .....SHORT it says...so I am on both cable and WS ....feel confident....and so didn't wait for London opening

GL to all
Attached Image (click to enlarge)
Click to Enlarge Name: saisie1.gif Size: 30 KB
Non licet omnibus adire Corinthum
  • #181,629
  • Nov 8, 2009 10:42pm Nov 8, 2009 10:42pm
How high will you go ?

http://i38.tinypic.com/ymqg7.jpg
  • #181,630
  • Nov 8, 2009 10:43pm Nov 8, 2009 10:43pm
Second successive monday: what NZ and Australia, Tokyo Reverse it! We began dropping, Tokyo decided to rise it. Wait now for London and after New York to see if dropping will begin. First trade rejected by SL. Again short, if rejected again, i have to stay out and see what will happen before re-entering, maybe market is changing direction.
No Signal, No Trade. No fundamenals, No headache.
  • #181,631
  • Nov 8, 2009 11:03pm Nov 8, 2009 11:03pm
Today is also the deadline for Kraft to make a raised bid for Cadbury. Something in the region of USD 16 billion was their previous offer.

The new bid they may be making today, and it's likelihood for success, may have some bearing on GU (or so I'm led to believe).

Z
I have no biases. I just trade what the charts tell me.
  • #181,632
  • Nov 8, 2009 11:16pm Nov 8, 2009 11:16pm
Good MAE Everyone....
Ghost Rider - WWTBMD?
  • #181,633
  • Nov 8, 2009 11:18pm Nov 8, 2009 11:18pm
Quoting javajames
Hi guys,

These last weeks I noticed, as others here, Dow and cable were moving together....personnaly I'm using wall street futures to help me understand cable PA....
Below is my chart of this futures .....SHORT it says...so I am on both cable and WS ....feel confident....and so didn't wait for London opening

GL to all
Oups used short SL and was stopped out......That's what SL are used for....and so it doesn't hurt.....

Week start .... a bit impetuous like a young horse lol....maybe we have a trend here.....so wait and see....
Non licet omnibus adire Corinthum
  • #181,634
  • Nov 8, 2009 11:23pm Nov 8, 2009 11:23pm
Quoting erap
How high will you go ?
anywhere between current price to fib 50...fib 61.8
Attached Image (click to enlarge)
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  • #181,635
  • Nov 8, 2009 11:29pm Nov 8, 2009 11:29pm
Quoting i1tolearn
follow u..follow u ... follow slowly like a siput (snail)
i really appreciate yr post
..how about that GY close gap....you feel it? ..
its close?...
  • #181,636
  • Nov 8, 2009 11:34pm Nov 8, 2009 11:34pm
Quoting grashid
..how about that GY close gap....you feel it? ..
its close?...
i feel sorry for the guys who are crying shorts in a visible uptrend

by the way, i am good at filling gaps, who is she ?
  • #181,637
  • Nov 8, 2009 11:38pm Nov 8, 2009 11:38pm
Quoting grashid
..how about that GY close gap....you feel it? ..
its close?...
how wonderful if i trade real account...
Attached Image (click to enlarge)
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  • #181,638
  • Nov 8, 2009 11:38pm Nov 8, 2009 11:38pm
Quoting forexlion
i feel sorry for the guys who are crying shorts in a visible uptrend

by the way, i am good at filling gaps, who is she ?
anyway am close all my long in GY and a few short still float in -ve ..
and i will add in now with SL @ my north gate of 151.60 ...

Hit still gain from last friday setting...

Short GU.......wooo am floating in -ve lol ..wow am loser...why n how much my lot size...1 sen in my mini .............am loser lol .....
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  • #181,639
  • Nov 8, 2009 11:40pm Nov 8, 2009 11:40pm
Quoting wormboy
You do realise 6660 is just as tough if not tougher to breach than 6165 don't you.
Anyway good luck ub

well bro 6660 is break now and now its become a support i am not saying that market won't be down it will be down this week but not till 53xx because if it will go down so it will be retracement and after that if it breached level off 1.7xx so then after that 53xx will be like a dream anyways good luck to you bro
you are best trader in my views but today what my chart is telling i am posting you are really big trader for me and i learn many things from you and i do respect you and your trading experience...


Ub
  • #181,640
  • Nov 8, 2009 11:44pm Nov 8, 2009 11:44pm
Just waking up and seeing a lot of bullishness. Let's see if we get some profit taking a the top of my fork
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