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Cable Update (GBPUSD)

  • #185,541
  • Dec 2, 2009 9:48am Dec 2, 2009 9:48am
Quoting Petar_Serbia
Guys LOOK THIS

I think Devil will push GPBUSD down hhaha
Watching for some hellish movement. hahaha

Generated off of this 1m compression pattern.

Dr. D.
Attached Image
  • #185,542
  • Dec 2, 2009 9:50am Dec 2, 2009 9:50am
Quoting Jemmy
If the bull win and touch daily R1 at 714, what next? close or stay with mr. Bull?
Well...I prefer not to forecast targets...and prefer to just stay with the trend.

I do find it kind of amusing that London brought the price to a new high, to drop it down to the high close of Yesterdays NY session, letting the Americans play it to their new high. It's kinda sweet really....

Target wise if we were to assume the upward trend...daily says a possible of 1.6875...but that's prolly not gunna happen today, so...as we all like to assume random numbers here...lets go with 1.6764



In any case...I gots to go to werk fer a while...

long with s/l set to 1.6642.

Play safe guys!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #185,543
  • Dec 2, 2009 9:52am Dec 2, 2009 9:52am
This looks like a Instrument on qualudes. Its just going nowhere today. Im out till London session Thurs.
FF = Forex Faggots
  • #185,544
  • Dec 2, 2009 9:55am Dec 2, 2009 9:55am
What goes up must come down
  • #185,545
  • Dec 2, 2009 10:03am Dec 2, 2009 10:03am
Ouch...it wasnt sposed to do that at all..
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #185,546
  • Dec 2, 2009 10:04am Dec 2, 2009 10:04am
Quoting meromar
What goes up must come down
obvious
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #185,547
  • Dec 2, 2009 10:05am Dec 2, 2009 10:05am
Quoting meromar
What goes up must come down
you are right, its overbought.
However, i placed a buy stop @ 1.6710
  • #185,548
  • Dec 2, 2009 10:19am Dec 2, 2009 10:19am
Quoting Magix
Ouch...it wasnt sposed to do that at all..
Sure it was.... you can't tightly coil a
spring and not expect it to separate.

Dr. D.
Attached Image
  • #185,549
  • Dec 2, 2009 10:21am Dec 2, 2009 10:21am
Quote
Rumors big US bank has large undisclosed losses


02 December 2009, 17:11:46
Traders not talk making the rounds that one of the US banks that weathered the credit crisis in very strong shape has large undisclosed losses. The risk trade is seeing some liquidation across the board. EUR/USD dipped as low as...

The descending trendline was broken today and is now supporting this drop, but if this is true then it could easily break back down
  • #185,550
  • Dec 2, 2009 10:26am Dec 2, 2009 10:26am
One more time please
Quoting cphcphcph
you are right, its overbought.
However, i placed a buy stop @ 1.6710
  • #185,551
  • Dec 2, 2009 10:29am Dec 2, 2009 10:29am
got a quickie at 1.6667 T/P at 1.6640 phew, what a gamble that i was in.
  • #185,552
  • Dec 2, 2009 10:50am Dec 2, 2009 10:50am
Quoting fourxtrader
Sure it was.... you can't tightly coil a
spring and not expect it to separate.

Dr. D.
Okay, so maybe it was...it just went in the wrong friggen direction....

Took the bounce line...made a few back...watching for hourly support and still got that loving feeling for the bulls today...
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #185,553
  • Dec 2, 2009 10:51am Dec 2, 2009 10:51am
Once more down 6653 t/p 6620
Quoting meromar
One more time please
  • #185,554
  • Dec 2, 2009 10:56am Dec 2, 2009 10:56am
Fibo chart with 24SMA support.

If we lose this..I go with the bears...
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #185,555
  • Dec 2, 2009 10:58am Dec 2, 2009 10:58am
Quoting Magix
Fibo chart with 24SMA support.

If we lose this..I go with the bears...
a solid candle below 1.6640 will good sign for short mate...
  • #185,556
  • Dec 2, 2009 11:05am Dec 2, 2009 11:05am
My stop loss 620 didn't hit..still holding with mr bull..
Patience + Discipline =
  • #185,557
  • Dec 2, 2009 11:05am Dec 2, 2009 11:05am
Quoting FXAdvice
a solid candle below 1.6640 will good sign for short mate...
Agreed...

That would show loss of support on the hourly and possible retrace back to 4hr support.

However...we hit support and turned back up...at least for now.

Will wait like last night..scalp the inbetweens...until I see confirmation top or bottom. Still got the bull feeling though.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #185,558
  • Edited 11:45am Dec 2, 2009 11:09am | Edited 11:45am
Quoting Magix
Okay, so maybe it was...it just went in the wrong friggen direction....

Took the bounce line...made a few back...watching for hourly support and still got that loving feeling for the bulls today...
Up is not always the direction even if it does have phallic implications....

Hey, now I wait for you to give me the direction in your good charts.

But no more early entries for me. I'm far ahead to just wait til it makes
it's committed move and then gladly accept a safer smaller return.

Dr. D.
  • #185,559
  • Dec 2, 2009 11:10am Dec 2, 2009 11:10am
Quoting Magix
Agreed...

That would show loss of support on the hourly and possible retrace back to 4hr support.

However...we hit support and turned back up...at least for now.

Will wait like last night..scalp the inbetweens...until I see confirmation top or bottom. Still got the bull feeling though.
yeah, GBP has some bullets against EUR... thats why it hold his position and euro fall but i think soon bankers will change this balance and GBP will fall...
  • #185,560
  • Dec 2, 2009 11:11am Dec 2, 2009 11:11am
Quoting fourxtrader
Up is not always the direction even if it does has phallic implications....

Hey, now I wait for you to give me the direction in your good charts.

But no more early entries for me. I'm far ahead to just wait til it makes
it's committed move and then gladly accept a safer smaller return.

Dr. D.
Agreed...but I still stick to my plays...all about support and resistance...okay, so maybe on a long I was a little early to the party, we hadn't seen a challenge of support, but now we have, and it has held, so I will still scalp longs until we clear all time frames and then follow direction then.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
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