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Cable Update (GBPUSD)

  • #245,541
  • Aug 13, 2010 6:01am Aug 13, 2010 6:01am
I can say that it is a momentum building for bears, so many pressures downward..
  • #245,542
  • Aug 13, 2010 6:02am Aug 13, 2010 6:02am
Market appears a little troubled by the weak investor demand at auctions for 5y and 15y Italian government debt. This brings back into question ability of the highly indebted Eurozone members to fund their huge deficits.
  • #245,543
  • Aug 13, 2010 6:02am Aug 13, 2010 6:02am
Quoting sailor68
Hi all, This is thread of GU but have a look on CHF/JPY 1H and 4H trade what you see but im more bear, green pip to us.....(fibo 50% and near wp)
Some easy green pips
Trade with the momentum
  • #245,544
  • Aug 13, 2010 6:03am Aug 13, 2010 6:03am
Quoting wormboy
what bulls?

I only see crows.
lol, hope you were sold the dragon too bro ,
  • #245,545
  • Aug 13, 2010 6:04am Aug 13, 2010 6:04am
Quoting wormboy
what bulls?

I only see crows.
LoL well they give us the baby bulls i believe tht might be a retracment in your case, and dont be mistaken those tiny horns hurt like a mother if you put your stop to close
  • #245,546
  • Aug 13, 2010 6:05am Aug 13, 2010 6:05am
Quoting gammase1
Market appears a little troubled by weak demand at auctions for 5y and 15y Italian government debt. This brings back into question ability of the highly indebted Eurozone members to fund their huge deficits.
A 'luke warm' gilt auction in the Uk was also credited with yesterday's fall
ex member
  • #245,547
  • Aug 13, 2010 6:05am Aug 13, 2010 6:05am
Quoting wormboy
what bulls?

I only see crows.
same here cant see any real support to go long I'm still short looking to the 200ema on the 4HR at 5470ish but ill exit around 5480 might not see that today imo as yesterdays low still needs to be taken out and its f*@%ed up friday so ill take some off if that gets touched and let the rest run

Hope you all get it right

CatsPJs
Trade what you see never what you think!
  • #245,548
  • Aug 13, 2010 6:06am Aug 13, 2010 6:06am
Quoting Faryad
Wormie whats ur target ?
Once price clears 1.557, 1.542
Thank You
  • #245,549
  • Aug 13, 2010 6:07am Aug 13, 2010 6:07am
Quoting bbakker
We are now hitting the demand zone at 1.5571-1.5548 on the h4, This would have been my 1st target, but as it was less than 3:1 , I did not take this trade.

EURUSD is doing nicely with the demand zone at 1.2758-1.2727, which is my second target and just above the 3:1. I think it will hit this zone at some point today... well I'm hoping it gets there as one can never tell what is going to happen!

1st and 2nd targets are quite close to each other and I would have preferred some distance between the targets, but it was based on a very quick analysis...
Who is ur boss? Is it OK for him?
  • #245,550
  • Aug 13, 2010 6:07am Aug 13, 2010 6:07am
Quoting digger1
lol, hope you were sold the dragon too bro ,
no bro I didn't. Not taking many trades today
Thank You
  • #245,551
  • Aug 13, 2010 6:08am Aug 13, 2010 6:08am
Quoting wormboy
staying with the D1 formation. Selling the pullbacks for me.
HI WB,

Here the same, short Gu and Dragon (but for Dragon hammer on 1H - DS1)
Trade with the momentum
  • #245,552
  • Aug 13, 2010 6:11am Aug 13, 2010 6:11am
Quoting CoffeeDrinke
LoL well they give us the baby bulls i believe tht might be a retracment in your case, and dont be mistaken those tiny horns hurt like a mother if you put your stop to close
true. I scalp & counter trade myself, just not this time because I don't feel comfortable going against a very clear reversal pattern, especially when it appears on the htf & when price is so close to the ltl.
Thank You
  • #245,553
  • Aug 13, 2010 6:12am Aug 13, 2010 6:12am
Quoting TheCatsPJs
same here cant see any real support to go long I'm still short looking to the 200ema on the 4HR at 5470ish but ill exit around 5480 might not see that today imo as yesterdays low still needs to be taken out and its f*@%ed up friday so ill take some off if that gets touched and let the rest run

Hope you all get it right

CatsPJs
Nice call on the short yesterday pj, right to the pip.
Thank You
  • #245,554
  • Aug 13, 2010 6:12am Aug 13, 2010 6:12am
well i know my parants told me not to lift your hands for a woman but damn if this is a cow i sure as hell wouldnt like to mess with her, seems like cows dont give up as easy to a grizly like fish do (flexing flexing)
  • #245,555
  • Aug 13, 2010 6:14am Aug 13, 2010 6:14am
Quoting wormboy
true. I scalp & counter trade myself, just not this time because I don't feel comfortable going against a very clear reversal pattern, especially when it appears on the htf & when price is so close to the ltl.
jip agreed, i said earlier i dont have the balls to short now, but i wont just long on a bounce need atleast a 123 or i am just watching the screen
  • #245,556
  • Aug 13, 2010 6:15am Aug 13, 2010 6:15am
lol, well said coffeedrink.
  • #245,557
  • Aug 13, 2010 6:15am Aug 13, 2010 6:15am
Quoting sailor68
HI WB,

Here the same, short Gu and Dragon (but for Dragon hammer on 1H - DS1)
hi sailor,

i see it. if current hour's candle closes bullish matching 50% or more to the previous bear candle than maybe it'll be a good idea to clear. Else, I think shorts are still ok.
Thank You
  • #245,558
  • Aug 13, 2010 6:16am Aug 13, 2010 6:16am
1hr is bearish- mixed sentiment right now...starting with today's current Hi it was a HH, then we have this L below last HL on that t/f...5min/15min is in clear downtrend at the moment...I guess hr downtrend won't be re-establshed until yesterday's lo gives to the downside ?

G/L
ex member
  • #245,559
  • Aug 13, 2010 6:18am Aug 13, 2010 6:18am
Quoting bbmac
1hr is bearish- mixed sentiment right now...starting with today's current Hi it was a HH, then we have this L below last HL on that t/f...5min/15min is in clear downtrend at the moment...I guess hr downtrend won't be re-establshed until yesterday's lo gives to the downside ?

G/L

This is still my key, not going to anticipate or preempt this one.
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  • #245,560
  • Aug 13, 2010 6:21am Aug 13, 2010 6:21am
Quoting wormboy

I only see crows.
who like to eat worms...
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