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Cable Update (GBPUSD)

  • #241,101
  • Jul 27, 2010 2:31am Jul 27, 2010 2:31am
Quoting Allseeingeye
I just Figured it out its the Bloody Turtles fault he went Short so it might take some time for us to make the turn Down! Those Damn Turtles!
That's it...
'Been there, done that pal... Blame the Mkt, Blame other's,
Blame watching the Thread, whatever the distraction may be,
now it's "Blame the Turtle" for your Trading error's!!!

You've got a "Double Top" you Shorter's @1.5509 "ish",
inked already. My Tp 0f 200 pip's is Inked & "A Waiting T.P.",
for me -I'll sleep well.

Leaving Work after making the Donut's... She obviously looks a tad tired.
You go get 'em... boy's...
Best of Trading,

Jeff !
I will work to Objectively Identify my Edges
  • #241,102
  • Jul 27, 2010 2:37am Jul 27, 2010 2:37am
Quoting TerpFan2
That's it...
'Been there, done that pal... Blame the Mkt, Blame other's,
Blame watching the Thread, whatever the distraction may be,
now it's "Blame the Turtle" for your Trading error's!!!

You've got a "Double Top" you Shorter's @1.5509 "ish",
inked already. My Tp 0f 200 pip's is Inked & "A Waiting T.P.",
for me -I'll sleep well.

Leaving Work after making the Donut's... She obviously looks a tad tired.
You go get 'em... boy's...
Best of Trading,

Jeff !
sometimes cable comes right back up again and makes a new high. Waiting to see some action at the DP and if 5470 holds... interesting moment now
  • #241,103
  • Jul 27, 2010 2:39am Jul 27, 2010 2:39am
Quoting forexlion
http://www.youtube.com/watch?v=7MJu_aWn1nI
Why not in your Country?
No Need 2 Say Good Bye...!!!
  • #241,104
  • Edited 3:11am Jul 27, 2010 2:40am | Edited 3:11am
Quoting GlobalMacro
bullish trend persists intraday...there is a good chance she'll break the recent congestion zone to the upside...

I am buying at 1.5500
Hey GM,

Good eye.

This area wasn't going to be a walk in the park, there's a lot of historical resistance sitting between 15600 and 15700 that's going to prove tough.

I remember after UJ was at it's historical low of 79.60 in 1995. There were months of chop to get through during the summer of 96 before it went to 147.65.

GU went through a bad patch at the same time and again in 2002 before it broke through this zone.

If we're entering a similar period, the coming volatility is definitely not for the weak of heart.

One side benefit is, in the next couple of months it should cut the wheat from the chaff on these boards.

Been bullish on this pair a while.
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  • #241,105
  • Jul 27, 2010 3:03am Jul 27, 2010 3:03am
Quoting Fudomyo
Hey GM,

Good eye.

This area wasn't going to be a walk in the park, there's a lot of historical resistance sitting between 15600 and 15700 that's going to prove tough.

I remember after UJ was at it's historical low of 79.60 in 1995. There were months of chop to get through during the summer of 96 before it went to 147.65.

GU went through a bad patch at the same time and again in 2002 before it broke through this zone....

Hi Fudomyo,

how you doing? well said...she just re-entered the congestion zone after hinting at breaking out earlier...she likes to tease that's for sure...
Hear the music before the song is over ...
  • #241,106
  • Jul 27, 2010 3:03am Jul 27, 2010 3:03am
Quoting wormboy
Nice frankie fakey

FO closed a high wave pattern, so I'll still be waiting for the london boys.
Looks top heavy tho .. finger ready on the "sell"
hope no one got caught out with the fakey.
looks like we're likely test 5422.
good luck
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Thank You
  • #241,107
  • Jul 27, 2010 3:09am Jul 27, 2010 3:09am
Inserted Video
  • #241,108
  • Jul 27, 2010 3:12am Jul 27, 2010 3:12am
Quoting wormboy
hope no one got caught out with the fakey.
looks like we're likely test 5422.
good luck
wassup brother...1.5422? I don't know about that...maybe a
...fake fakey...
watcha think?
Hear the music before the song is over ...
  • #241,109
  • Jul 27, 2010 3:23am Jul 27, 2010 3:23am
Quoting GlobalMacro
wassup brother...1.5422? I don't know about that...maybe a
...fake fakey...
watcha think?

all good brother. how are you
yup, 5422 is what I'm looking at first.
I had a sell signal & had sold. If it's a fake fakey then it's out of my hand. Just going with the flow. Plus the h4 close I have looks mean.
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Thank You
  • #241,110
  • Jul 27, 2010 3:24am Jul 27, 2010 3:24am
I am watching 1h chart, and I use stochastics with 14,3,3 setup...and I am seeing bearish divergence on stochs. Can anyone else take a look and confirm that?

Anyone here trade divergences?
  • #241,111
  • Jul 27, 2010 3:25am Jul 27, 2010 3:25am
Quoting Honored
sometimes cable comes right back up again and makes a new high. Waiting to see some action at the DP and if 5470 holds... interesting moment now
No i'm out..
All good trades must come to an end !

You may get a retrace, for sure but London is driving her
where she wants.

Have a great day trading gang,
N0 Wormie, 'didn't get caught w/Frankfurt.
-Have a great day you guys,

Jeff !
I will work to Objectively Identify my Edges
  • #241,112
  • Jul 27, 2010 3:30am Jul 27, 2010 3:30am
Quoting TerpFan2
N0 Wormie, 'didn't get caught w/Frankfurt.
-Have a great day you guys,

Jeff !
have a good one jeff


Quoting zoreli
I am watching 1h chart, and I use stochastics with 14,3,3 setup...and I am seeing bearish divergence on stochs. Can anyone else take a look and confirm that?

Anyone here trade divergences?
I do.

Here's one posted a few hours back.
1. http://www.forexfactory.com/showpost...stcount=241057

good luck
Thank You
  • #241,113
  • Jul 27, 2010 3:31am Jul 27, 2010 3:31am
Quoting GlobalMacro
...she likes to tease that's for sure...
That's an understatement... lol

If the DPP contains price here, we may get a pullback.
A break below 15440, and price has a good chance of testing prior resistance area 15340 as support. (would be a nice supply run for a proper crack at the WR1 area again)
  • #241,114
  • Jul 27, 2010 3:36am Jul 27, 2010 3:36am
Quoting GlobalMacro
wassup brother...1.5422? I don't know about that...maybe a
...fake fakey...
watcha think?
Hi I personally think more towards 1.5335 previous resistance and a 50% retracement or 1.5275 resistance and 61% retracement thats my thoughts
First profit target would be 1.5393 provided we close over 1.5455 in the next 24 min Demark projection kind of
BE THE BEST YOU CAN BE AND BE IT TODAY
  • #241,115
  • Jul 27, 2010 3:49am Jul 27, 2010 3:49am
Quoting wormboy
all good brother. how are you
yup, 5422 is what I'm looking at first.
I had a sell signal & had sold. If it's a fake fakey then it's out of my hand. Just going with the flow. Plus the h4 close I have looks mean.
fine bro...I don't see any significant follow-thru selling...h4 looks a little like a flag or something of that nature sitting on top of that rally ready to resume uptrend, no?
Hear the music before the song is over ...
  • #241,116
  • Jul 27, 2010 3:52am Jul 27, 2010 3:52am
Quoting Fudomyo
That's an understatement... lol

If the DPP contains price here, we may get a pullback.
A break below 15440, and price has a good chance of testing prior resistance area 15340 as support. (would be a nice supply run for a proper crack at the WR1 area again)
lol...yeah she IS a player...looks like holding here playing a little fakey down here as well before reversing inside the congestion zone and final break afterwards...
Hear the music before the song is over ...
  • #241,117
  • Jul 27, 2010 3:54am Jul 27, 2010 3:54am
I went short after all. My entry is on 1.5461, SL on 1.5499 and TP is on 1.5371.

Let's see....
  • #241,118
  • Jul 27, 2010 3:54am Jul 27, 2010 3:54am
Quoting Jns
Hi I personally think more towards 1.5335 previous resistance and a 50% retracement or 1.5275 resistance and 61% retracement thats my thoughts
First profit target would be 1.5393 provided we close over 1.5455 in the next 24 min Demark projection kind of

hi there...sounds interesting...do you have a chart of the demark projection?
Hear the music before the song is over ...
  • #241,119
  • Jul 27, 2010 3:58am Jul 27, 2010 3:58am
Quoting GlobalMacro
fine bro...I don't see any significant follow-thru selling...h4 looks a little like a flag or something of that nature sitting on top of that rally ready to resume uptrend, no?
you're probably right about the flag. A test of 5422 will still keep the shape of the flag tho.
Thank You
  • #241,120
  • Jul 27, 2010 3:59am Jul 27, 2010 3:59am
Quoting GlobalMacro
hi there...sounds interesting...do you have a chart of the demark projection?

I have an indicator on my charts which provide projections which I keep an eye on for profit taking, especially when I have a confluence of events in that area I pay more attention then
BE THE BEST YOU CAN BE AND BE IT TODAY
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