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Cable Update (GBPUSD)

  • #199,801
  • Feb 16, 2010 3:50am Feb 16, 2010 3:50am
Quoting pilotui
There is no "praying" in Forex...just like there is no "winner" in war

It just happens, and what you do with the results will shape your character and your children's character.

Praying?

No, I think not.

By the way closed out my quick short for +23 .... DARN news release...this short should have gone to 5648 in 2 hours but now I fear it will be bouncing around.

But make no mistake...Shad is right, this is BEARISH.
Could be close now price broke the 5m 200ema and my cci is almost out the bottom( loosing steam) going up
Attached Image (click to enlarge)
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BE THE BEST YOU CAN BE AND BE IT TODAY
  • #199,802
  • Feb 16, 2010 3:51am Feb 16, 2010 3:51am
Quoting pilotui
Back in short @ 5688

Tgt @ 5648

I Told About 239 Pips !

U R Taking Just 40 pips !

* Never Trust To Any Indicator *
  • #199,803
  • Feb 16, 2010 3:51am Feb 16, 2010 3:51am
Quoting pilotui
There is no "praying" in Forex...just like there is no "winner" in war

It just happens, and what you do with the results will shape your character and your children's character.

Praying?

No, I think not.

By the way closed out my quick short for +23 .... DARN news release...this short should have gone to 5648 in 2 hours but now I fear it will be bouncing around.

But make no mistake...Shad is right, this is BEARISH.
#

Evening start + bearish candle forming on 15mns - GU is going down - !
  • #199,804
  • Feb 16, 2010 3:51am Feb 16, 2010 3:51am
Quoting antic81
Hey BB,

What is your sentiment at the moment?

I waited for the news spike and then jumped onto a short, looks fairly safe on the 4 Hr, a nice little UTL that it cant seem to bust through...

Always interested to hear your thoughts on cable mate!

Ant
Ant, Been holding since yesterday....

http://www.forexfactory.com/showpost...stcount=199640

Sentiment has not changed till now
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #199,805
  • Feb 16, 2010 3:51am Feb 16, 2010 3:51am
Quoting Shad
I Told About 239 Pips !

U R Taking Just 40 pips !

Minimal risk/exposure

Good luck to all!
  • #199,806
  • Feb 16, 2010 3:52am Feb 16, 2010 3:52am
i think on this thread , we have the 'range traders' that would like to see GU stay in a nice neat little down trend channel between 1.55 - 1.65, and then there's very bearish traders, either way she goes, is likely
  • #199,807
  • Feb 16, 2010 3:52am Feb 16, 2010 3:52am
Quoting Kyen
Haven't you been around long enough to see aftermath coverings? Direction is down, been short and yelping it loud and clear the whole night. Prayers went out only to those folks who were in talks of stacking longs on 85, 95, etc.

Save one of your prayers to those who short off the 63 bounce.
Thank You
  • #199,808
  • Feb 16, 2010 3:52am Feb 16, 2010 3:52am
Quoting EliteFX
Correct me once I'm proven wrong
Just wanted to follow up my friend.
  • #199,809
  • Feb 16, 2010 3:53am Feb 16, 2010 3:53am
good call shad for the short.

did u base your analysis entirely on the butterfly pattern?

Quoting Shad
I Told About 239 Pips !

U R Taking Just 40 pips !

  • #199,810
  • Feb 16, 2010 3:56am Feb 16, 2010 3:56am
+17p up and down on new
  • #199,811
  • Feb 16, 2010 3:58am Feb 16, 2010 3:58am
Quoting wormboy
Save one of your prayers to those who short off the 63 bounce.
Hopefully you didn't pull the trigger at that level - retests of prior broken resistance tends to be a pain with that kickback that results, if not a complete follow-through. Anyway, will be holding shorts as planned and stacking on around the 56 handle with more to come if the lower levels of 55 are breached. The steam should really pick up leading into midweek...
  • #199,812
  • Feb 16, 2010 3:59am Feb 16, 2010 3:59am
Quoting Kyen
Haven't you been around long enough to see aftermath coverings? Direction is down, been short and yelping it loud and clear the whole night. Prayers went out only to those folks who were in talks of stacking longs on 85, 95, etc.
Is that right can you teach anything else? Now I know why I'm failing at this game... dame
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #199,813
  • Feb 16, 2010 4:01am Feb 16, 2010 4:01am
GU bouncing and going up a bit? what happen there?
  • #199,814
  • Feb 16, 2010 4:02am Feb 16, 2010 4:02am
Quoting Kyen
Haven't you been around long enough to see aftermath coverings? Direction is down, been short and yelping it loud and clear the whole night. Prayers went out only to those folks who were in talks of stacking longs on 85, 95, etc.
You were praying you'd lose?
  • #199,815
  • Feb 16, 2010 4:03am Feb 16, 2010 4:03am
Quoting Bull_Bear
Is that right can you teach anything else? Now I know why I'm failing at this game... dame
Grab your pen and paper. Since your sentiment hasn't changed on your trade, let's track it and talk after its realized.

Here's a glimpse of the lesson: Don't get married to positions.
  • #199,816
  • Feb 16, 2010 4:05am Feb 16, 2010 4:05am
Quoting Clouds
You were praying you'd lose?
You must be really steaming from your long holdings.
  • #199,817
  • Feb 16, 2010 4:05am Feb 16, 2010 4:05am
Quoting Kyen
Grab your pen and paper. Since your sentiment hasn't changed on your trade, let's track it and talk after its realized.

Here's a glimpse of the lesson: Don't get married to positions.
Here's a lesson for you *CLICK*

Another Clown
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #199,818
  • Feb 16, 2010 4:07am Feb 16, 2010 4:07am
Quoting Kyen
You must be really steaming from your long holdings.
I'm actually up -9 pips
Thank you very much!
  • #199,819
  • Feb 16, 2010 4:07am Feb 16, 2010 4:07am
+ve eur news

Quoting Noru
GU bouncing and going up a bit? what happen there?
  • #199,820
  • Feb 16, 2010 4:09am Feb 16, 2010 4:09am
I see strong minor uptrend that may hit 1.5850 and then we can start selling again and hit the 1.5300 - 1.5200 mark.
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