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Cable Update (GBPUSD)

  • #243,361
  • Aug 5, 2010 2:35am Aug 5, 2010 2:35am
Morning all, as nice a place as anything for a bounce. Big momentum bars on both the 30 and the hourly, she'll need a breather here.
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  • #243,362
  • Aug 5, 2010 2:37am Aug 5, 2010 2:37am
Quoting wormboy
thanks bro
are you trading today?
no bro...not today...taking today off..will be watching the mkt tho from time to time...
Hear the music before the song is over ...
  • #243,363
  • Aug 5, 2010 2:39am Aug 5, 2010 2:39am
sold 5825 5905stop, hoping for a couple hundred pips.
reason being is were well below resistance and the 4 hr candle will close below the 20 ema within the hour. plus double top on daily.
good enough! would of liked to get in higher but theres no tellin how far it will retrace before it crashes down and crash it will! so here I go! goooooooooooood luck.
  • #243,364
  • Aug 5, 2010 2:41am Aug 5, 2010 2:41am
Quoting GlobalMacro
no bro...not today...taking today off..will be watching the mkt tho from time to time...
okay, take it easy
I'm outta here, trades locked in. time for my jog. getting fat!

later bro!
Thank You
  • #243,365
  • Aug 5, 2010 2:43am Aug 5, 2010 2:43am
She's outa this thing. Shorted @ .58230. Pretty late as I came to my desk pretty late. Being punished with a hell of a wide sl @ .5910. Well, so what. Gotta keep an eye on her and adjust manually if needed. Wonder how far she's gonna retrace. 50 fib is down around 1.51.
  • #243,366
  • Aug 5, 2010 2:45am Aug 5, 2010 2:45am
Quoting AnonYmos
She's outa this thing. Shorted @ .58230. Pretty late as I came to my desk pretty late. Being punished with a hell of a wide sl @ .5910. Well, so what. Gotta keep an eye on her and adjust manually if needed. Wonder how far she's gonna retrace. 50 fib is down around 1.51.

There is another 70 pips in her from here as a 50 retrace on the daily.
  • #243,367
  • Aug 5, 2010 2:45am Aug 5, 2010 2:45am
Quoting wormboy
just jump! the breakout from the supp/res is atm only 31 pips.
patience makes perfect
Verily, in every difficulties there is relief
  • #243,368
  • Aug 5, 2010 2:48am Aug 5, 2010 2:48am
Quoting wormboy
okay, take it easy
I'm outta here, trades locked in. time for my jog. getting fat!

later bro!

alright...have fun bro ....cya
Hear the music before the song is over ...
  • #243,369
  • Aug 5, 2010 2:49am Aug 5, 2010 2:49am
Bounce, bounce, bounce, back up she goes............. possibly
  • #243,370
  • Aug 5, 2010 2:56am Aug 5, 2010 2:56am
Quoting ams
BUY order changed to 158200 (WR) SL 151500...
Order pending,same for geppy @ 1355xxx..

ta
ams
Hi Ams. Did your order get filled? Not sure how you did it but it was impressive, was it from fibs?
  • #243,371
  • Aug 5, 2010 2:58am Aug 5, 2010 2:58am
M30 Support target reached...took some time, price up a little, but satisfied with the sell. Closing the books for now on this short and will watch for reentry on hourly test.

Forecast.
Current.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #243,372
  • Aug 5, 2010 2:59am Aug 5, 2010 2:59am
Head and shoulders on 4 hr chart. Caution !!
  • #243,373
  • Aug 5, 2010 2:59am Aug 5, 2010 2:59am
Quoting cloggie
There is another 70 pips in her from here as a 50 retrace on the daily.
cloggie how is your view about BOE and ECB interest rate rumour
Verily, in every difficulties there is relief
  • #243,374
  • Aug 5, 2010 3:00am Aug 5, 2010 3:00am
Quoting cloggie
There is another 70 pips in her from here as a 50 retrace on the daily.
Don't quite follow. You're measuring from where to?
  • #243,375
  • Aug 5, 2010 3:01am Aug 5, 2010 3:01am
I read a couple of posts just above here from guys saying they were selling around 5825/23 presumably the b/o of y/day's lo after that big 1hr bearish thrust candle...that's the trouble with trading a b/o isn't it...most 1st b/o's are false...generally the 2nd b/o after the pullback is better...some pain to live with guys? I read of one stop above that 1hr bearish thrust though 5910 so it is in a good place ??

G/L
ex member
  • #243,376
  • Aug 5, 2010 3:02am Aug 5, 2010 3:02am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Yup, patience is the name of the game...right were I wanted it
Long on both EU and GU...geppy didn't fill so I've to make up for it.



ta
ams


Quoting uksnowman
Hi Ams. Did your order get filled? Not sure how you did it but it was impressive, was it from fibs?
  • #243,377
  • Aug 5, 2010 3:05am Aug 5, 2010 3:05am
Quoting primzvicious
patience makes perfect
The quality of a decision is like the well-timed swoop of a falcon which enables it to strike and destroy its victim. (Sun Tzu, The Art of War) - I have to admit tho that my own swoop was probably not too well-timed.
  • #243,378
  • Aug 5, 2010 3:06am Aug 5, 2010 3:06am
Quoting wormboy
you'll love it now doc



hi sailor, nice work bro
If we get to anywhere near 5625 before nfp I'll be happy to cash in. Let's see how it goes today.
my view 5730 but of course i sign for 5625...
Trade with the momentum
  • #243,379
  • Aug 5, 2010 3:10am Aug 5, 2010 3:10am
Buying....

Now back to bed

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"Keep your eyes on the helpers" - Mr. Rogers
  • #243,380
  • Aug 5, 2010 3:11am Aug 5, 2010 3:11am
Quoting bbmac
I read a couple of posts just above here from guys saying they were selling around 5825/23 presumably the b/o of y/day's lo after that big 1hr bearish thrust candle...that's the trouble with trading a b/o isn't it...most 1st b/o's are false...generally the 2nd b/o after the pullback is better...some pain to live with guys? I read of one stop above that 1hr bearish thrust though 5910 so it is in a good place ??

G/L
so your advise would generally be to ignore the 1st b/o at the risk of missing out on the move and wait for the pb and 2d b/o?
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