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Cable Update (GBPUSD)

  • #201,301
  • Feb 23, 2010 7:36am Feb 23, 2010 7:36am
Quoting digger1
1 tick chart
I think that ticker of yours just printed lower
Thank You
  • #201,302
  • Feb 23, 2010 7:40am Feb 23, 2010 7:40am
Wormie ,
What is your entry please?
  • #201,303
  • Feb 23, 2010 7:41am Feb 23, 2010 7:41am
Quoting Baby-Trader
Here is the reason for my entry
Been watching this board for a while and you seem to be a pretty good trader. Playing Devils Advocate, I would be careful shorting Cable right now. If you look on the monthly chart, the market stopped almost to the pip at the 50% fib of the up move that started March 2009.

There is alot of long term money that is actually long the Pound believe it or not and they've been waiting until now to enter new positions. I believe the long term direction is short but we may see a pretty sizeable bounce up over the next week or so. Be careful

I'd post a chart but I don't know how to do all that just yet. Anyways, good luck.
  • #201,304
  • Feb 23, 2010 7:44am Feb 23, 2010 7:44am
Quoting wormboy
I think if price clears 5300 cleanly you'll have a shout brother. No wait ... we both will be shouting
Long term I have 4900 level in sight
Oh yes. January 2009 weekly support. Thanks for the heads up.
Gone to a better place
  • #201,305
  • Feb 23, 2010 7:46am Feb 23, 2010 7:46am
I am SHORT... In the cable all the way.
  • #201,306
  • Feb 23, 2010 7:49am Feb 23, 2010 7:49am
Quoting wormboy
my kung fu is very strong
Yes, I believe, Bro

Because ... you're Hidden Dragon & Bull_Bear is Crouching Tiger.
And I'm as Sweety Phoenix ??
Always looking the GREAT, never left GOOD Point...
  • #201,307
  • Feb 23, 2010 7:53am Feb 23, 2010 7:53am
forget trend trade what u see
  • #201,308
  • Feb 23, 2010 7:54am Feb 23, 2010 7:54am
Quoting Baby-Trader
Wormie ,
What is your entry please?
I sold @5430 BT
Thank You
  • #201,309
  • Feb 23, 2010 7:55am Feb 23, 2010 7:55am
Quoting smikester
Oh yes. January 2009 weekly support. Thanks for the heads up.
You're welcome
Thank You
  • #201,310
  • Feb 23, 2010 7:56am Feb 23, 2010 7:56am
Quoting Tsar
Yes, I believe, Bro

Because ... you're Hidden Dragon & Bull_Bear is Crouching Tiger.
And I'm as Sweety Phoenix ??

Only if you wear a skirt
Thank You
  • #201,311
  • Feb 23, 2010 7:57am Feb 23, 2010 7:57am
5450 is a must
  • #201,312
  • Feb 23, 2010 7:59am Feb 23, 2010 7:59am
took 10 more lousy long pips
  • #201,313
  • Feb 23, 2010 7:59am Feb 23, 2010 7:59am
Quoting meromar
5450 is a must
i'm going to watch that level to be broken soon..and all the way up to 1.5530
  • #201,314
  • Feb 23, 2010 8:01am Feb 23, 2010 8:01am
woops .. guess they're kung fu is strong too
later. crunch time
Thank You
  • #201,315
  • Feb 23, 2010 8:02am Feb 23, 2010 8:02am
Quoting wormboy
I sold @5430 BT
Many thanks bro,

I stopped @ BE wishing to reload again
  • #201,316
  • Feb 23, 2010 8:03am Feb 23, 2010 8:03am
5453 short
  • #201,317
  • Feb 23, 2010 8:04am Feb 23, 2010 8:04am
Reloaded,

Sell @1.5450
  • #201,318
  • Feb 23, 2010 8:06am Feb 23, 2010 8:06am
Quoting wormboy
Only if you wear a skirt
Always looking the GREAT, never left GOOD Point...
  • #201,319
  • Feb 23, 2010 8:07am Feb 23, 2010 8:07am
+ 72 pips flat waiting for new highs to short
  • #201,320
  • Feb 23, 2010 8:09am Feb 23, 2010 8:09am
Quoting wormboy
my kung fu is very strong
updated charts from previous post when I took my original long posistions , still the plan but sure it will be a struggle thanks to wormies strong kung fu, cheers all
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