dollar index close to its daily low so no help there for gbp short
http://screencast.com/t/MDJkY2FkODA
http://screencast.com/t/MDJkY2FkODA
Cable Update (GBPUSD)
- #238,442
- Jul 15, 2010 10:22am Jul 15, 2010 10:22am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
okay, cheers bro
the long term downtrend sure looks like it's shifting bigtime if that W1 is anything to go by. 5380 is a mother tho. This goes, we fly & you buying the beer!
- #238,443
- Jul 15, 2010 10:23am Jul 15, 2010 10:23am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Wormy, this was definitely not addressed at you personally, you know what you are doing and you know your risk on CT's. My comment was in general as to the futility of "newer" traders trying to anticipate tops and reversals.
Thank You
- #238,444
- Jul 15, 2010 10:25am Jul 15, 2010 10:25am
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
- #238,445
- Jul 15, 2010 10:31am Jul 15, 2010 10:31am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #238,446
- Jul 15, 2010 10:32am Jul 15, 2010 10:32am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Thank You
- #238,447
- Jul 15, 2010 10:35am Jul 15, 2010 10:35am
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
10??
10m darn that shitt is great jamaican
- #238,448
- Jul 15, 2010 10:37am Jul 15, 2010 10:37am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
10m darn that shitt is great jamaican
Thank You
- #238,449
- Jul 15, 2010 10:37am Jul 15, 2010 10:37am
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
one of these is likely
most likely the flag scenero..consolidate and fly
- #238,450
- Jul 15, 2010 10:39am Jul 15, 2010 10:39am
- | Joined May 2009 | Status: Focus + Patience = Pip$ | 1,513 Posts
Me too. Thankyou so much 4 showing me that trick/trade
You set your trap (pakute) in the jungle (200 ma) and wait patiently in the weeds for your prey (price) to step into your trap. You never chase the prey.
For this to work well, price should be trending and making higher highs each time. When price is trending very strong, you may have to set your trap at the 50 ma instead of the 200.
*******************
I'd rather make money than be right.
- #238,451
- Jul 15, 2010 10:41am Jul 15, 2010 10:41am
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
- #238,452
- Jul 15, 2010 10:42am Jul 15, 2010 10:42am
- | Joined Sep 2009 | Status: Freshman Fledgling Neophyte | 1,663 Posts
one of these is likely
most likely the flag scenero..consolidate and fly
- #238,453
- Jul 15, 2010 10:43am Jul 15, 2010 10:43am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
i'd like to have some indian food
lets eat
- #238,454
- Jul 15, 2010 10:46am Jul 15, 2010 10:46am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Today close above 1.54. Possible range for a while 1.54-1.55
just a feeling..pointless at this stage but a feeling
- #238,455
- Jul 15, 2010 10:49am Jul 15, 2010 10:49am
- | Joined Sep 2009 | Status: Freshman Fledgling Neophyte | 1,663 Posts
if weekly can close very close to 1.55..next week it will just build..i have a feeling the big players are driving the price up quick 1.65 target so they can bring it to 1.44 area when they return..then recovery for cable..or sink, likely recovery
just a feeling..pointless at this stage but a feeling
- #238,456
- Jul 15, 2010 10:51am Jul 15, 2010 10:51am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
agree
- #238,458
- Jul 15, 2010 11:00am Jul 15, 2010 11:00am
- | Joined Sep 2009 | Status: Freshman Fledgling Neophyte | 1,663 Posts
and u say this based on:- ??
In other word, if 1.55 hold...i be looking for unfinished down side before heading back 1.55. Weekly TL and 50ma is the trigger for now, IMHO. Cheers
- #238,459
- Edited 11:45am Jul 15, 2010 11:02am | Edited 11:45am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
