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Cable Update (GBPUSD)

  • #250,201
  • Sep 1, 2010 1:45am Sep 1, 2010 1:45am
Nice, this last drop puts me at 136 x 2 since rollover...

Done for the day, catch you guys tomorrow.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #250,202
  • Sep 1, 2010 1:56am Sep 1, 2010 1:56am
Quoting wormboy
nope, mine's 5575. slight difference as dag mentioned depends on the broker.
anyhoo .. the 420 resistance seemed to have done the trick regardless, & since I'm still selling this mutha ... Down periscope

Good luck to you
My monthly PP is 1.5557. Maybe your broker needs to adjust. All monthly pivots are not supposed to have difference of more than 2 to 3 pips. It's monthly we're talking about here.

Is this how I come in this morning? Goodmorning gentlemen and and babies

Peace!
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #250,203
  • Sep 1, 2010 1:57am Sep 1, 2010 1:57am
Quoting Magix
Nice, this last drop puts me at 136 x 2 since rollover...

Done for the day, catch you guys tomorrow.

Good work...I missed the down turn by a couple of pips as had my PO at the 200ma...bad manufacturing news from the UK sent it down, although the numbers were only slightly under expectations. In my opinion, seems any hint of bad news in the UK sends Cable hurtling south whereas similarly bad news from the USA doesn't have that much impression. Ho hum.
  • #250,204
  • Sep 1, 2010 2:00am Sep 1, 2010 2:00am
G/M

Monthly candle closed bearish yesterday...Just as the 38.2% 4229-5997 with 76.4% 5117-5997 provided yesterday's 5326 Lo....so the 61.8% 5474-that 5326 lo with 23.6% of the longer 5702-same 5326 lo saw today's current Hi...

1hr screenshot below, cable curtrently finding demand at that 1hr previous swing lo around the ascending trend line on same t/f

G/L
Attached Image
ex member
  • #250,205
  • Sep 1, 2010 2:01am Sep 1, 2010 2:01am
hi all. its nice to see you make money, and i hope good day for all of us.
nice to meet you
what you get in the wind goes through the storms
  • #250,206
  • Sep 1, 2010 2:02am Sep 1, 2010 2:02am
Got something on my H4 I'd like all to see and maybe some analyze on their own charts. I got a good MACD divergence. and a slight tipping up even after the disappointing PMI. Have a look
Attached Image
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #250,207
  • Sep 1, 2010 2:03am Sep 1, 2010 2:03am
Quoting Precap2
My monthly PP is 1.5557. Maybe your broker needs to adjust. All monthly pivots are not supposed to have difference of more than 2 to 3 pips. It's monthly we're talking about here.

Is this how I come in this morning? Goodmorning gentlemen and and babies

Peace!
nah .. I won't adjust something that works fine for me.

Good afternoon from this part of the world by the way
Thank You
  • #250,208
  • Sep 1, 2010 2:19am Sep 1, 2010 2:19am
Quoting wormboy
nah .. I won't adjust something that works fine for me.

Good afternoon from this part of the world by the way
Good luck. And for you to be in afternoon now it means you picked all the plenty pips from Asian session. Enjoy while I see what London has to offer before US mess things up once more.
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #250,209
  • Sep 1, 2010 2:23am Sep 1, 2010 2:23am
Quoting Precap2
Good luck. And for you to be in afternoon now it means you picked all the plenty pips from Asian session. Enjoy while I see what London has to offer before US mess things up once more.
london will give more pips of course.... tp at 5402, there is a gap at 1min chart, im waiting the gap is covered

Attached Image (click to enlarge)
Click to Enlarge Name: gap 1 min.gif Size: 15 KB
yesterday was good, today is the best, tomorrow is amazing.....
  • #250,210
  • Sep 1, 2010 2:27am Sep 1, 2010 2:27am
Quoting pawpaw1000
Quick post before training...

Reckon we are still in downtrend which means this up is a retrace not further than 5420/ 5400 level... and then new low...

Too bad I won't be here!!!
Oh I hate it when a plan works but I'm not here to react!!!!


AAAAARRRRGGGHHHHH!!!!
@pawpaw1000 on Twitter
  • #250,211
  • Sep 1, 2010 2:29am Sep 1, 2010 2:29am
Seems like everybody is on the short side.. I am taking a long... entry at 1.5371... Lets seee
  • #250,212
  • Sep 1, 2010 2:32am Sep 1, 2010 2:32am
Hi bro, if i may say though from my view, i am still optimistic that we go down from 1.5412,i have been on down view and still am, daily though makes me have a strong conviction, do u support this view???

Quoting wormboy
nah .. I won't adjust something that works fine for me.

Good afternoon from this part of the world by the way
  • #250,213
  • Sep 1, 2010 2:35am Sep 1, 2010 2:35am
Quoting LostMyShirt
Seems like everybody is on the short side.. I am taking a long... entry at 1.5371... Lets seee
Not everyone ! -1min led the way with the bullish divergence set-up at the lows-that potential support zone referred to in my post earlier, strengthened for me by Mni saying interim bids 5350/55 and if they go stronger interest at 5335/25...so a nice potential support factors zone there with the previous 1hr swing lo and the 1hr ascending trend line...Depends on the t/f's you play...Flat and done now..

G/L
Attached Image
ex member
  • #250,214
  • Sep 1, 2010 2:37am Sep 1, 2010 2:37am
Quoting LostMyShirt
Seems like everybody is on the short side.. I am taking a long... entry at 1.5371... Lets seee
The W1 is bearish, the D1 is bearish, the H4 is forming a bearflag and the H1 is still trying to negotiate past the dp which is @5379.

Why did you buy? Is there a stop to your trade?
Thank You
  • #250,215
  • Sep 1, 2010 2:45am Sep 1, 2010 2:45am
Quoting wormboy
The W1 is bearish, the D1 is bearish, the H4 is forming a bearflag and the H1 is still trying to negotiate past the dp which is @5379.
When you say stuff like this, I get a nice warm fuzzy feeling inside...
"Sell? Sell? No! I can't Sell! I'll Sell When I'm Dead"
  • #250,216
  • Sep 1, 2010 2:46am Sep 1, 2010 2:46am
Quoting wormboy
The W1 is bearish, the D1 is bearish, the H4 is forming a bearflag and the H1 is still trying to negotiate past the dp which is @5379.

Why did you buy? Is there a stop to your trade?
this is the reason we are buying, the chart bounce back at 61.8% retracement.my target is near middle line at the 4hr chart.
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yesterday was good, today is the best, tomorrow is amazing.....
  • #250,217
  • Sep 1, 2010 2:49am Sep 1, 2010 2:49am
Alright Crew...the break of 1.5410 yesterday accelearated the momentum as
anticipated and took her down to 1.5327....

@ late Asian trading we got a print of 1.5418...

we're now in neutral territory...

I'm in waiting mode now...
Attached Image (click to enlarge)
Click to Enlarge Name: H1.gif Size: 12 KB
Hear the music before the song is over ...
  • #250,218
  • Sep 1, 2010 2:53am Sep 1, 2010 2:53am
Quoting autopips
When you say stuff like this, I get a nice warm fuzzy feeling inside...
lol

actually i was just trying to see his rationale in buying. i mean if there's a technical reason then it's understandable but to say that "i'm going long because people are going short", well that to me is not trading.

i'm outta here. later
Thank You
  • #250,219
  • Sep 1, 2010 2:58am Sep 1, 2010 2:58am
Quoting LostMyShirt
Seems like everybody is on the short side.. I am taking a long... entry at 1.5371... Lets seee
Closing the trade for +13 pip..
Worm: The reason for my trade is the price action.I saw lot of strength to the upside... Since i do not see the continuation I am looking for I am exiting the trade.. You are right, W, D and H gives a bearish outlook..Thank you for the comments..
  • #250,220
  • Sep 1, 2010 3:01am Sep 1, 2010 3:01am
Please give us some more of that rough stuff...It's very sexy when ladies get into a rumble...(sorry I couldn't resist)
Attached Image
Hear the music before the song is over ...
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