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Cable Update (GBPUSD)

  • #210,201
  • Mar 25, 2010 1:37pm Mar 25, 2010 1:37pm
Oh, and this:


In the bigger picture, there is no change in our bearish view. That is, medium term rebound from 1.3503, which is treated as a correction to down trend from 2.1161, has completed at 1.7043 already. Fall from there is tentatively treated as resumption of the down trend from 2.1161 and should target a new low below 1.3503. On the upside, break of 1.5814 resistance is needed to invalidate this view. Otherwise, outlook will remain bearish.
@pawpaw1000 on Twitter
  • #210,202
  • Mar 25, 2010 1:42pm Mar 25, 2010 1:42pm
Quoting pawpaw1000
Hey wormie, actionforex.com agrees with you!



GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.4803; (P) 1.4925; (R1) 1.4986; More
At this point, intraday bias in GBP/USD remains on the downside with 1.5111 minor resistance intact and further fall should be seen to 1.4783 low first. As discussed before, choppy recovery from 1.4783 should have completed with three waves up to 1.5381 already. Break...

Nice one
Target is derived from the 76.4% fib ext on the W1 (Jan 09 low @1.3516 - 31st July hi @1.7013)

Jassim calls me a market maker All in the charts.
I'm off. Good luck to all.
Attached Image
Thank You
  • #210,203
  • Mar 25, 2010 1:44pm Mar 25, 2010 1:44pm
Quoting wormboy
Nice one
Target is derived from the 76.4% fib ext on the W1 (Jan 09 low @1.3516 - 31st July hi @1.7013)

Jassim calls me a market maker All in the charts.
I'm off. Good luck to all.
HAHAHAHA!!! The photo is absolutely ridiculous!!!
@pawpaw1000 on Twitter
  • #210,204
  • Mar 25, 2010 1:47pm Mar 25, 2010 1:47pm
Quoting wormboy
You guys remember that W1 pinbar from 3 weeks back many were so upbeat about?
Remember what yours truly said?




I hate to say it but .......
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|
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V

wormie forgot to mention that u went long on eu when price was dropping like a mad
  • #210,205
  • Mar 25, 2010 1:47pm Mar 25, 2010 1:47pm
Quoting wormboy
Nice one
Target is derived from the 76.4% fib ext on the W1 (Jan 09 low @1.3516 - 31st July hi @1.7013)

Jassim calls me a market maker All in the charts.
I'm off. Good luck to all.

i am bro
Attached Image
  • #210,206
  • Mar 25, 2010 1:57pm Mar 25, 2010 1:57pm
wow. my last short i had left just hit my sl. anyone else think this thing is overall bearish within the next few hours, aside from this upmove?
  • #210,207
  • Mar 25, 2010 2:02pm Mar 25, 2010 2:02pm
Quoting bonus76
wormie forgot to mention that u went long on eu when price was dropping like a mad
yes, I did.
But you forgot to mention those losses were recovered quite easily from cable's spectacular surge up
this morning too.
Chart:
1. http://www.forexfactory.com/showpost...postcount=5677


lol .. funny people tend to remember the time you make 1 bad call.
Don't do that, you come to my thread and ask questions too, play nice.
But since you've mentioned it, the trades on my thread are transparent.
2 weeks, 3 losses. The link to my thread is at the footnote, all trades were post BEFORE the actual move.

Thank You
  • #210,208
  • Mar 25, 2010 2:11pm Mar 25, 2010 2:11pm
http://img515.imageshack.us/img515/1043/cable.gif
  • #210,209
  • Mar 25, 2010 2:19pm Mar 25, 2010 2:19pm
Quoting pawpaw1000
put in a order that will hopefully trigger tonight sometime...

4850, s/l 4890 and t/p 4700
The 50% retrace from today's high to low is ~4902. Maybe a SL at 14928 would be more suitable?
  • #210,210
  • Mar 25, 2010 2:29pm Mar 25, 2010 2:29pm
Quoting bbakker
The 50% retrace from today's high to low is ~4902. Maybe a SL at 14928 would be more suitable?
Low so far we might get lower before I turn into a pumpkin
  • #210,211
  • Mar 25, 2010 2:33pm Mar 25, 2010 2:33pm
Quoting wormboy
yes, I did.
But you forgot to mention those losses were recovered quite easily from cable's spectacular surge up
this morning too.
Chart:
1. http://www.forexfactory.com/showpost...postcount=5677


lol .. funny people tend to remember the time you make 1 bad call.
Don't do that, you come to my thread and ask questions too, play nice.
But since you've mentioned it, the trades on my thread are transparent.
2 weeks, 3 losses. The link to my thread is at the footnote, all trades were post BEFORE the actual move.

Hi bro
Am i allow to tell what i like and don't like on ur trading way?
If I'm allow i will say

You very good trader and make good profits no doubt of that

I don't like When u go against the trend and if u notice in last 4 months u lose only when u scalping against the trend (I think u need to control u r feeling some more on that spot)

Just my view and i post it because i only care and after all the thread to help each other)

Keep the great work
  • #210,212
  • Mar 25, 2010 2:38pm Mar 25, 2010 2:38pm
Quoting wormboy
just stating it would be nice to close 300 pips before the weekend @4600
But, if the D1 close anywhere below 4880 or lower, I am targetting 4353.

D1 bearflag posted earlier:
1. http://www.forexfactory.com/showpost...stcount=210178

Attached below is the W1. Since it's friday tomorrow and we have price looking very bearish today, I won't be buying unless there's a 300 pip uturn by tomorrow.
D1 close below 4880? Don't you mean 4780? For sure there is a lot of air between 4780 and 4395 (that's what I have)
  • #210,213
  • Mar 25, 2010 2:48pm Mar 25, 2010 2:48pm
Sometimes you have to drop down a chart to see it clearly, but here is the break and test on Geppy.

Jim

Quoting Nene
Testing the bottom of the UTL it just broke. If it holds, she will drop more and it looks like it is holding with avengence. Shorts looking good G/U and G/J.

Jim
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 41 KB
  • #210,214
  • Mar 25, 2010 2:48pm Mar 25, 2010 2:48pm
Quoting egkid
Hi bro
Am i allow to tell what i like and don't like on ur trading way?
If I'm allow i will say

You very good trader and make good profits no doubt of that

I don't like When u go against the trend and if u notice in last 4 months u lose only when u scalping against the trend (I think u need to control u r feeling some more on that spot)

Just my view and i post it because i only care and after all the thread to help each other)

Keep the great work
Against the trend infers that he believes it might swing the other way from a low low or a high high into a retrace if against the long-term trend or a complete swing. In EU's case it has hit a 10 month low and a good place for a swing, but the ongoing concerns with PIIGS scuppered his plans. I didn't myself follow this particular call from Wormie because I felt that although Fibre seemed cheap, it also looks ugly. Cheap and ugly, is not how I like my women
  • #210,215
  • Mar 25, 2010 2:49pm Mar 25, 2010 2:49pm
Quoting egkid
Hi bro
Am i allow to tell what i like and don't like on ur trading way?
If I'm allow i will say

You very good trader and make good profits no doubt of that

I don't like When u go against the trend and if u notice in last 4 months u lose only when u scalping against the trend (I think u need to control u r feeling some more on that spot)

Just my view and i post it because i only care and after all the thread to help each other)

Keep the great work
Thanks for the concern. Have to disagree tho with that I lost in 4 months before this when scalping?? You're way off. I've reached my annual 30% target in mid-march. That target was recorded last week in my thread. So again, what on earth are you talking about??

Before you answer, I've already said my thread is transparent. Every single trade is logged and documented, profits or losses. Every single one of them.
No bad blood here brother, but I am allowed to dispute ludicrous claims such as yours.

Have a good day
Thank You
  • #210,216
  • Mar 25, 2010 2:51pm Mar 25, 2010 2:51pm
Quoting bbakker
D1 close below 4880? Don't you mean 4780? For sure there is a lot of air between 4780 and 4395 (that's what I have)
No bro, 4880.

I need to sleep lol. Speak to you tomorrow
Thank You
  • #210,217
  • Mar 25, 2010 2:52pm Mar 25, 2010 2:52pm
G/U a little harder to find and more elaborate, but it is there.

Jim

Quoting Nene
Sometimes you have to drop down a chart to see it clearly, but here is the break and test on Geppy.

Jim
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 40 KB
  • #210,218
  • Mar 25, 2010 2:54pm Mar 25, 2010 2:54pm
a close below the line 14810 will takes us deep down i might be wrong
Attached Image (click to enlarge)
Click to Enlarge Name: daily cable.gif Size: 25 KB
  • #210,219
  • Mar 25, 2010 3:06pm Mar 25, 2010 3:06pm
Seems to me that the concensus on here is that cable is in deep doodoo, unless there are voices on the contrary here?

I am already in but like pawpaw, I want to get in at a good price, so I am opting for 14880 with a SL @14930 TP=Long Term Whatdoyathink?
  • #210,220
  • Mar 25, 2010 3:09pm Mar 25, 2010 3:09pm
cable has reached its daily range and stopped dead on 180 pip for the day ( current atr 14 is 180 )

es tankage off 1175 and ended the day on a pin bar with heavy selling

If this has continaution thru london / us session we see 1.4640 tomorrow. This also happens to be the 3/8 murrey math line on the weekly. Odd how the numbers work out like that.
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