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Cable Update (GBPUSD)

  • #183,281
  • Nov 17, 2009 3:41am Nov 17, 2009 3:41am
I took shortat that top/maybe grab a few
  • #183,282
  • Nov 17, 2009 3:41am Nov 17, 2009 3:41am
took a small short at 6868 sl 7, i kind of have a feeling that cable will go down eventually, so i will try to catch a more or less top.
  • #183,283
  • Nov 17, 2009 3:41am Nov 17, 2009 3:41am
Quoting Fly2
approaching yesterdays high 876--1 hr chart
Yep. Bears fighting hard though.
A. Finesse Williams Making Millions One Pip At A Time!
  • #183,284
  • Nov 17, 2009 3:44am Nov 17, 2009 3:44am
Quoting Endrju
took a small short at 6868 sl 7, i kind of have a feeling that cable will go down eventually, so i will try to catch a more or less top.
Not bad trading into the trend. RRT formed on 15min. trying to get under m1
A. Finesse Williams Making Millions One Pip At A Time!
  • #183,285
  • Nov 17, 2009 3:44am Nov 17, 2009 3:44am
It's look like GBP is heading for 1.69067 if it breaks the resistance at 1.68680. All indicators on my charts shows that.
  • #183,286
  • Nov 17, 2009 3:45am Nov 17, 2009 3:45am
Yahoo!! I'm so lucky riding the first train and will keep my trade till hit 1.9000!!
WTF, 1.9000??? Uu..yea.... I'm a stupid crazy unrealistic moron
  • #183,287
  • Nov 17, 2009 3:46am Nov 17, 2009 3:46am
going for yesterday's high.
A. Finesse Williams Making Millions One Pip At A Time!
  • #183,288
  • Nov 17, 2009 3:47am Nov 17, 2009 3:47am
Quoting -Barracuda-
Yahoo!! I'm so lucky riding the first train and will keep my trade till hit 1.9000!!
WTF, 1.9000??? Uu..yea.... I'm a stupid crazy unrealistic moron
Nice FIGURE...
A. Finesse Williams Making Millions One Pip At A Time!
  • #183,289
  • Nov 17, 2009 3:48am Nov 17, 2009 3:48am
It would seem that major currency moves over the last few weeks have began at around 12-2pm GMT maybe today is the day? Something other than todays news is driving the market.

There are rumours that US is brokering a deal with China and as such Obama needs a low $ but once that has been settled he will opt strengthening the $.
  • #183,290
  • Nov 17, 2009 3:49am Nov 17, 2009 3:49am
I'm staying short/jus me though
  • #183,291
  • Nov 17, 2009 3:50am Nov 17, 2009 3:50am
Quoting -Barracuda-
Yahoo!! I'm so lucky riding the first train and will keep my trade till hit 1.9000!!
WTF, 1.9000??? Uu..yea.... I'm a stupid crazy unrealistic moron
Luck, I don't believe it, bet you spent hours planning and pondering the move.
  • #183,292
  • Nov 17, 2009 3:51am Nov 17, 2009 3:51am
Good Morning,

Price trading almost three cents above the top of late october rally

LT bias still bullish though not strong enough for my taste

Andrew Sentance is on the wires saying BOE is open-minded about more
QEP...his comments are more contradictory than hawkish....

I'll be attempting a quick swing trade here

Selling @ 1.6870
Attached Images
Hear the music before the song is over ...
  • #183,293
  • Nov 17, 2009 3:52am Nov 17, 2009 3:52am
Quoting Fly2
I'm staying short/jus me though
Where do you plan to exit, and I hope you have a tight stop.
A. Finesse Williams Making Millions One Pip At A Time!
  • #183,294
  • Nov 17, 2009 3:59am Nov 17, 2009 3:59am
Short here at 1.6866
  • #183,295
  • Nov 17, 2009 3:59am Nov 17, 2009 3:59am
Quoting aswilled
Where do you plan to exit, and I hope you have a tight stop.
whenever it tells me to
  • #183,296
  • Nov 17, 2009 4:00am Nov 17, 2009 4:00am
Quoting Fly2
What if your indicator said this?
What do you mean? Besides the indicators, the news are great for GBP and according to Bernanke not so good for USD.

Furthermore, candlesticks on almost every chart are bullish for GBP.

Combine all that and there you have the decision for buying.
  • #183,297
  • Nov 17, 2009 4:01am Nov 17, 2009 4:01am
Quoting Endrju
took a small short at 6868 sl 7, i kind of have a feeling that cable will go down eventually, so i will try to catch a more or less top.
sl at be, it there been too small reruns tu 687x, there is a chance that top is higher at 6900, not willing to loose a pip
  • #183,298
  • Nov 17, 2009 4:03am Nov 17, 2009 4:03am
Quoting twamta
What do you mean? Besides that the news are great for GBP and according to Bernanke not so good for USD.

Furthermore, candlesticks on almost every chart are bullish for GBP.

Combine all that and there you have the decision for buying.
I am seeing alot of indecision on my 1 hr
  • #183,299
  • Nov 17, 2009 4:07am Nov 17, 2009 4:07am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
GM,

I've not seen you shorting in a long time GM. It's something unusual to see :-)
Good luck with your trade!!

Ta
ams


Quoting GlobalMacro
Good Morning,

Price trading almost three cents above the top of late october rally

LT bias still bullish though not strong enough for my taste

Andrew Sentance is on the wires saying BOE is open-minded about more
QEP...his comments are more contradictory than hawkish....

I'll be attempting a quick swing trade here

Selling @ 1.6870
  • #183,300
  • Nov 17, 2009 4:14am Nov 17, 2009 4:14am
Quoting Fly2
I am seeing alot of indecision on my 1 hr
In my opinion the only barrier is the 1.68680 resistance. If it breaks we will see the pair at 1.69067 for sure.
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