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Cable Update (GBPUSD)

  • #182,321
  • Nov 11, 2009 7:48pm Nov 11, 2009 7:48pm
have a feeling we are in for a strong bull by this weekend

bull on a run !!!
{Promotion Removed}
  • #182,322
  • Nov 11, 2009 8:00pm Nov 11, 2009 8:00pm
everybody`s got a feeling these days
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #182,323
  • Nov 11, 2009 8:01pm Nov 11, 2009 8:01pm
I bit and took long @ 6605 cable. Looking @ dragon again...
not staying in trade longer than tonight unless + 100 pip

Edit order set dragon long @ 149.00 depending on PA may place market order. long
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #182,324
  • Nov 11, 2009 8:03pm Nov 11, 2009 8:03pm
iam also in a long cable trade looks good so far but in the eurusd is more action.

Regards
  • #182,325
  • Nov 11, 2009 8:04pm Nov 11, 2009 8:04pm
to me i think gu was rallied on no volume even before asia into are of supply
on 5 min chart looks like rallies are sold into above 1.66
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #182,326
  • Nov 11, 2009 8:15pm Nov 11, 2009 8:15pm
Perhaps scalping is best option for tonight. If bull run continues many great entries will present.
Quoting djambazov84
to me i think gu was rallied on no volume even before asia into are of supply
on 5 min chart looks like rallies are sold into above 1.66
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #182,327
  • Nov 11, 2009 8:26pm Nov 11, 2009 8:26pm
Quoting XTrade
Perhaps scalping is best option for tonight. If bull run continues many great entries will present.

we are oversold .. long is the way to go IMHO ...
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  • #182,328
  • Nov 11, 2009 8:29pm Nov 11, 2009 8:29pm
i will stay in my long positions

Regards
  • #182,329
  • Edited 8:47pm Nov 11, 2009 8:46pm | Edited 8:47pm
I share the same sentiment. I did enjoy my best week to date on cable and dragon, last week all trades closed before friday except demo tests. (still running some.)

A bit surprised @ the massive short action! (lol not here though)
and I have learned NEVER be surprised in FX..

In any case. I am looking to support levels and prior resistance to hold as support.

For tonight's action seems we are back in line with current TL. Could go a bit lower. We'll see.
Going to step away for a few and get som Mexican food. Be back soon.
G/L all.

(Mexican "long" food placed! LOL)
Quoting earthsmate
we are oversold .. long is the way to go IMHO ...
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #182,330
  • Nov 11, 2009 8:52pm Nov 11, 2009 8:52pm
Quoting earthsmate
we are oversold .. long is the way to go IMHO ...
Yesterday's chart :
http://www.forexfactory.com/showpost...stcount=182256

Attached below is today's chart.
Double top formation confirmed closing below 6660 cluster supp/res.
Bearish 3 crows formation present. Possible target lies @6270 supp level.

Would like to see what you mean by "long is the way to go".

Thank you
Attached Image (click to enlarge)
Click to Enlarge Name: guh4a.JPG Size: 69 KB
Thank You
  • #182,331
  • Nov 11, 2009 9:05pm Nov 11, 2009 9:05pm
Quoting wormboy
Yesterday's chart :
http://www.forexfactory.com/showpost...stcount=182256

Attached below is today's chart.
Double top formation confirmed closing below 6660 cluster supp/res.
Bearish 3 crows formation present. Possible target lies @6270 supp level.

Would like to see what you mean by "long is the way to go".

Thank you
long is the way to go for complete wipeout
  • #182,332
  • Nov 11, 2009 9:08pm Nov 11, 2009 9:08pm
Quoting forexlion
long is the way to go for complete wipeout
  • #182,333
  • Nov 11, 2009 9:10pm Nov 11, 2009 9:10pm
Quoting forexlion
long is the way to go for complete wipeout
on a serious note, we are in a range currently

 

  1. upper is 6627
  2. lower is 6530

we should get tough resistance @ 6627 today, with a slow market condition in progress, slowly loosing steam

but if 6627 breaks, and we trade above it, i see nothing more than 6722, but the chances of this break are rare.

so for the most part, unless 6627 breaks or 1 hour confirms a short again, i am on the fence for today

  • #182,334
  • Nov 11, 2009 9:14pm Nov 11, 2009 9:14pm
Quoting forexlion
on a serious note,
you can be serious?????
Thank You
  • #182,335
  • Nov 11, 2009 9:16pm Nov 11, 2009 9:16pm
Quoting wormboy
you can be serious?????
never lol..hows life mate?
  • #182,336
  • Nov 11, 2009 9:17pm Nov 11, 2009 9:17pm
Quoting wormboy
you can be serious?????
my signature does say how serious i can be
  • #182,337
  • Edited 9:26pm Nov 11, 2009 9:18pm | Edited 9:26pm
Not saying long is the way to go. just looking for a bit of up, before any more down. Reasonable? I intend on closing tonight before LDN.

If not I understand too. Always 2 sides.

Wormboy, I very much respect your analysis, posts and point of view!

Got started a bit late tonight and taking caution.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #182,338
  • Nov 11, 2009 9:19pm Nov 11, 2009 9:19pm
Quoting XTrade
Not saying long is the way to go. just looking for a bit of up, before any more down. Reasonable? I intend on closing tonight before LDN.

If not I understand too. Always 2 sides.

Wormboy, I vey much respect your anal-y-sis, posts and point of view!
  • #182,339
  • Nov 11, 2009 9:21pm Nov 11, 2009 9:21pm
Quoting grashid
never lol..hows life mate?
doing ok brother
you?
Thank You
  • #182,340
  • Nov 11, 2009 9:23pm Nov 11, 2009 9:23pm
Quoting XTrade
Not saying long is the way to go. just looking for a bit of up, before any more down. Reasonable? I intend on closing tonight before LDN.

If not I understand too. Always 2 sides.

Wormboy, (& Lion) I vey much respect your analysis, posts and point of view!

Got started a bit late tonight and taking caution.
have a good one x .. good luck with the trades
Thank You
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