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Cable Update (GBPUSD)

  • #242,261
  • Aug 2, 2010 2:39am Aug 2, 2010 2:39am
Quoting forexlion

rest is upto your MM decision

your account your decision

Morning all,

A new month begin, a new target to achieve and a hard work to do it.


This sentence is the best for every trader. Thanks forexlion.
No Signal, No Trade. No fundamenals, No headache.
  • #242,262
  • Aug 2, 2010 2:39am Aug 2, 2010 2:39am
Quoting forexlion
guys whatever you do

don't sell or short cable

buy dips on 5 minutes and ride the wave

cable is not in a mood to retrace no matter what the indicators say

rest is upto your MM decision

your account your decision
lol, after roughly a 1550 pip up move you just starting to warn people , bravo , well done
  • #242,263
  • Aug 2, 2010 2:42am Aug 2, 2010 2:42am
Quoting digger1
lol, after roughly a 1550 pip up move you just starting to warn people , bravo , well done
might not be a major ret. but it might retrace for a good 200 pips at least from these levels imo.
  • #242,264
  • Aug 2, 2010 2:49am Aug 2, 2010 2:49am
Quoting glopfel
might not be a major ret. but it might retrace for a good 200 pips at least from these levels imo.
well no matter wht it does , wormie, cloggs a few others have been calling it play by play basically and then 1550 pips later a warning, dont short , dont short , , a big pull back now would be ironic lol
  • #242,265
  • Aug 2, 2010 2:53am Aug 2, 2010 2:53am
Quoting glopfel
might not be a major ret. but it might retrace for a good 200 pips at least from these levels imo.
Monday morning, market is thin, could go a long way without pull back
  • #242,266
  • Aug 2, 2010 2:57am Aug 2, 2010 2:57am
Quoting digger1
lol, after roughly a 1550 pip up move you just starting to warn people , bravo , well done
because i do not want them to hunt tops, which do not exist
  • #242,267
  • Aug 2, 2010 2:59am Aug 2, 2010 2:59am
Quoting pj11500
Monday morning, market is thin, could go a long way without pull back
But wow, wouldn't it catch a lot unawares..............
  • #242,268
  • Aug 2, 2010 3:01am Aug 2, 2010 3:01am
Quoting AdrianHNV
But wow, wouldn't it catch a lot unawares..............
its not because of thin markets

the reason is in the WSJ feed here http://www.forexlionfx.com/

WSJ.com: Markets Markets http://online.wsj.com/img/wsj_sm_logo.gif

  1. BNP Paribas's Net Profit Jumps 31%

    BNP Paribas reported far better-than-expected net profit, as strong retail operations more than offset a slide in investment banking. Shares soared 3.8%.

  2. Banks Push European Shares Higher

    European stocks rose on the first trading day of the month, boosted by banking shares and positive trading in Asia.

  3. UBS's U.S. Mortgage Push

    UBS is expected to announce Monday the hiring of two executives from Goldman Sachs and Bank of America who will lead the Swiss bank's efforts to make more mortgages and other loans through its brokerage force in the U.S.

  • #242,269
  • Aug 2, 2010 3:11am Aug 2, 2010 3:11am
Quoting nAVIN2007
1.60 on it way ladies



im considering moving my target to 1.70..wormie target projection looks on!!

good advise..chart never lie
check on daily the importance of 1.5800 minor res

above this we got 1.60
  • #242,270
  • Aug 2, 2010 3:20am Aug 2, 2010 3:20am
Quoting forexlion
check on daily the importance of 1.5800 minor res

above this we got 1.60

monthly is to strong..u wont get sellers with signals like this..unless u think u braveheart
  • #242,271
  • Aug 2, 2010 3:30am Aug 2, 2010 3:30am
Quoting 4xStar
For those who followed this on Friday .. and for those who missed it, I am attaching a rtf (word pad) file where I've copy/pasted the coversation we had with Cloggie on Friday July 30 where he gave one of the clearest & best explanations ever of how he trades interday....
Thanks for that one, bro. Great!
  • #242,272
  • Aug 2, 2010 3:32am Aug 2, 2010 3:32am
Quoting nAVIN2007
monthly is to strong..u wont get sellers with signals like this..unless u thing u braveheart
  • #242,273
  • Aug 2, 2010 3:35am Aug 2, 2010 3:35am
Quoting nAVIN2007
monthly is to strong..u wont get sellers with signals like this..unless u think u braveheart
IF do not broken 1.5800 i see 1.5680....and everybody?
  • #242,274
  • Aug 2, 2010 3:37am Aug 2, 2010 3:37am
Quoting citrusvtk
IF do not broken 1.5800 i see 1.5680....and everybody?
my broker still has a GAP from todays open... anyone else does ?
  • #242,275
  • Aug 2, 2010 3:42am Aug 2, 2010 3:42am
Quoting Honored
my broker still has a GAP from todays open... anyone else does ?
she has

http://img337.imageshack.us/img337/3...9gcswj64rl.jpg
  • #242,276
  • Aug 2, 2010 3:44am Aug 2, 2010 3:44am
PMI down by .20 on previous month, not a good sign for the overall economy.

More so down .70 since the inception of our new government, maybe things aren't going as well as some believe.
  • #242,277
  • Aug 2, 2010 3:51am Aug 2, 2010 3:51am
Quoting MisterTrader
Last print 1.5641. Target still expecting 1.5795-1.5831 area to realize in the next couple of days. Keep long.
Target reached. Offloading position. Last print 1.5802. That was a RocknRolla ride. Thanks for the attention. Next main trade USD/JPY. Cable should be boring next couple of days.
________________________________ Errare humanum est
  • #242,278
  • Aug 2, 2010 4:34am Aug 2, 2010 4:34am
Quoting MisterTrader
Target reached. Offloading position. Last print 1.5802. That was a RocknRolla ride. Thanks for the attention. Next main trade USD/JPY. Cable should be boring next couple of days.
I've unloaded 80%, rest is running for 1.63. Look at EUR/GBP.
SHS formation filled at london open and its going. Euro is not dropping so cable getting strenght. Not today, but this week maybe 1.60. Usualy i dont trade for long runs but thats my little experiment.
  • #242,279
  • Aug 2, 2010 4:54am Aug 2, 2010 4:54am
Quoting AdrianHNV
PMI down by .20 on previous month, not a good sign for the overall economy.

More so down .70 since the inception of our new government, maybe things aren't going as well as some believe.

Let me see, better then forecasted? Retail sales up, GDP up, unemployment rate down, mortgage approvals holding steady. Show me another major Western economy that is managing that? The US, not; the EU, not. Even China is slowing down, the only real growth country is Korea right now, but that is Asia, give me a Western country that is improving better then the UK right now.
  • #242,280
  • Aug 2, 2010 5:09am Aug 2, 2010 5:09am
Quoting cloggie
Let me see, better then forecasted? Retail sales up, GDP up, unemployment rate down, mortgage approvals holding steady. Show me another major Western economy that is managing that? The US, not; the EU, not. Even China is slowing down, the only real growth country is Korea right now, but that is Asia, give me a Western country that is improving better then the UK right now.
Hi cloggie,

That explains today's movement, missed out on the London move cause I wasn't sure when to enter it, just checking, do you have resistance at 1.5811?
Don't be emo... don't be emo....
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