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Cable Update (GBPUSD)

  • #246,221
  • Aug 17, 2010 5:02am Aug 17, 2010 5:02am
Quoting uksnowman
my daily chart shows we have been in an uptrend since June
what do you mean ??look at your daily chart.....it have been a bearish candle since the 9th of august....
  • #246,222
  • Aug 17, 2010 5:04am Aug 17, 2010 5:04am
Buy from 1.5580 / 95
sl 1.5525
tp 1.5900
Attached Image (click to enlarge)
Click to Enlarge Name: Graphic1.JPG Size: 198 KB
Just my 2 cents worth
  • #246,223
  • Aug 17, 2010 5:04am Aug 17, 2010 5:04am
Quoting bbakker
You might actually learn something if you paid some attention FL
learn what blah blah ?
  • #246,224
  • Aug 17, 2010 5:08am Aug 17, 2010 5:08am
Quoting cloggie
It means you wait and let it tell you what she wants, don't just take a trade on the first break of a range/box, look at the bigger picture. We had some nice long wicks on the rejection of the high, we had a lovely bar on rejection of the news, now we had 3 little bears/crows on the 15 that is testing the TL confluence, so just sit back and wait for your next trigger. And no, it does not automatically mean a long from here.
Breakout from box a fake! But left us with a beautiful doji on the 1h.
  • #246,225
  • Aug 17, 2010 5:09am Aug 17, 2010 5:09am
Ahoy Guy Mann. Nog 'n Suid-Afrikaner in da house!
What up? How is the trading going?
  • #246,226
  • Aug 17, 2010 5:12am Aug 17, 2010 5:12am
Quoting PiptheRipper
Ahoy Guy Mann. Nog 'n Suid-Afrikaner in da house!
What up? How is the trading going?

HEHE, yeah, and loving it, looking forward to the 2 games on Saturday, Bok vs All Blacks and SHarks vs WP
Just my 2 cents worth
  • #246,227
  • Aug 17, 2010 5:18am Aug 17, 2010 5:18am
Quoting forexlion
learn what blah blah ?
To trade

Post us a chart with your current position in the market but since you're scalping you probably have no time for that!
  • #246,228
  • Aug 17, 2010 5:22am Aug 17, 2010 5:22am
Quote
HEHE, yeah, and loving it, looking forward to the 2 games on Saturday, Bok vs All Blacks and SHarks vs WP
Yes it should be entertaining. Hopefully I make enough pips this week to be able to afford a steak op die kole and a bottle of brandy
  • #246,229
  • Aug 17, 2010 5:24am Aug 17, 2010 5:24am
Quoting PiptheRipper
Ahoy Guy Mann. Nog 'n Suid-Afrikaner in da house!
What up? How is the trading going?
Jambo

Jina lako nani?
  • #246,230
  • Aug 17, 2010 5:29am Aug 17, 2010 5:29am
What's that Lion?
  • #246,231
  • Aug 17, 2010 5:29am Aug 17, 2010 5:29am
Quoting PiptheRipper
Yes it should be entertaining. Hopefully I make enough pips this week to be able to afford a steak op die kole and a bottle of brandy
Yeah, nothing like pap en vleis op die braai.

Good luck with your trading
Just my 2 cents worth
  • #246,232
  • Aug 17, 2010 5:31am Aug 17, 2010 5:31am
Quoting PiptheRipper
What's that Lion?
I thought you would know swahili

Ek is jammer.
  • #246,233
  • Aug 17, 2010 5:51am Aug 17, 2010 5:51am
Quoting USD-Bear
Scalping long @ 1.563 again based on this and botom flag:

Attachment
Took 8 pips from my latest scalp and closed my 1.5555 long.
Relative weakness GBP is heavily hided by weakness of USD.
I wait for some genuine strength of GBP to re-enter longs.
Don't be a hero. Don't have an ego. Always question yourself
  • #246,234
  • Aug 17, 2010 5:53am Aug 17, 2010 5:53am
The Bull & The Bear

A bull & a bear are taking a poo in the woods.
The bull looked over to the bear & said,
"Excuse me........do you have a problem with poo sticking to your fur?"
When the bear said "no", the bull wiped his butt with the bear.



Seems like there is some resemblance to the forex market here
  • #246,235
  • Aug 17, 2010 5:55am Aug 17, 2010 5:55am
o0ppppppppps sorry USD Bear
  • #246,236
  • Aug 17, 2010 5:55am Aug 17, 2010 5:55am
Feels like we're in tight between that trendline and the 200EMA on the M15.
Just wait.


Quoting USD-Bear
Still see USD-weakness from here, could be wrong.....

Attachment
  • #246,237
  • Aug 17, 2010 5:57am Aug 17, 2010 5:57am
I'm gonna use a box breakout strategy on cable today, it's been in a tight enough range before the US open
  • #246,238
  • Aug 17, 2010 6:04am Aug 17, 2010 6:04am
Quoting forexlion
I thought you would know swahili

Ek is jammer.
A polyglot too! You surprise me FL or did Google have a hand!
  • #246,239
  • Aug 17, 2010 6:04am Aug 17, 2010 6:04am
Quoting AdrianHNV
o0ppppppppps sorry USD Bear
It still was a beautiful day, so no regrets....
Don't be a hero. Don't have an ego. Always question yourself
  • #246,240
  • Aug 17, 2010 6:49am Aug 17, 2010 6:49am
Looks like gu wants to go down...battle between bears and bulls at this level
COT: The precious data ignored
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