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Cable Update (GBPUSD)

  • #250,241
  • Sep 1, 2010 7:19am Sep 1, 2010 7:19am
Quoting GlobalMacro
yo playa, wassup....LOL....long time no see bro...
sup homie..all good in the hood
took day of work..the place is finishing me off..long term trading can be boring today should be interesting thou

hows u bro?
  • #250,242
  • Sep 1, 2010 7:20am Sep 1, 2010 7:20am
Quoting nAVIN2007
if u look at weekly u can see the previous bodies getting very small the pin on last week is the target to take out longs..otherwise im totally wrong
yes it got smaller but it has not in anyway formed a reversal formation, not even on the d1. And don't forget that bearish engulfer on the w1. Yesterday's d1 closed a bearish thrust. The direction is still down till a proper reversal is formed imo.

good luck bro
Thank You
  • #250,243
  • Sep 1, 2010 7:25am Sep 1, 2010 7:25am
Quoting wormboy
yes it got smaller but it has not in anyway formed a reversal formation, not even on the d1. And don't forget that bearish engulfer on the w1. Yesterday's d1 closed a bearish thrust. The direction is still down till a proper reversal is formed imo.

good luck bro
i hear u bro..i know however i honestly believe this mofo is going to go up..im in this trade i entered a few times but still in money management term im good..i will kill this monthly makes a new low..good luck to u too my friend..
  • #250,244
  • Sep 1, 2010 7:29am Sep 1, 2010 7:29am
Hi

Don't know if you are around today, but wanted to ask you a question. You talk a great deal about areas of supply and demand and I wondered if that was based on one of Sam Seiden's lessons?

May be barking up the wrong tree, but I have just watched one of his webinars and have had a bit of a lightbulb moment...!
  • #250,245
  • Sep 1, 2010 7:33am Sep 1, 2010 7:33am
Quoting nAVIN2007
sup homie..all good in the hood
took day of work..the place is finishing me off..long term trading can be boring today should be interesting thou

hows u bro?
homes errythang cool oer hea dawg....Lord LT trading's a chop that's why I'm on a slice roll

f*&k work dawg...we outta open up a shop somewhere on a beach or somethin' and trade from thereA...ya hear money?
Hear the music before the song is over ...
  • #250,246
  • Sep 1, 2010 7:37am Sep 1, 2010 7:37am
Some musings...

Fibre has been rising all day.
Swissy has been falling all day.
We have had an 80 pip day so far.
NY about to start.

= possibitilty of another 50 pips and ride the dollar weakness to set a new high with the NY session. If we close m15 above 5425 I am looking to go long to 5460.
  • #250,247
  • Sep 1, 2010 7:38am Sep 1, 2010 7:38am
will cable back from 1.5475 ???????????????
  • #250,248
  • Sep 1, 2010 7:42am Sep 1, 2010 7:42am
Quoting wormboy
yes it got smaller but it has not in anyway formed a reversal formation, not even on the d1. And don't forget that bearish engulfer on the w1. Yesterday's d1 closed a bearish thrust. The direction is still down till a proper reversal is formed imo.

good luck bro
Oh Lord...you too?....don't worry that's a rare condition induced by hallucination...
Hear the music before the song is over ...
  • #250,249
  • Sep 1, 2010 7:53am Sep 1, 2010 7:53am
Quoting GlobalMacro
homes errythang cool oer hea dawg....Lord LT trading's a chop that's why I'm on a slice roll

f*&k work dawg...we outta open up a shop somewhere on a beach or somethin' and trade from thereA...ya hear money?
yup now that sounds like a plan..very soon looking to do this full time..make some real dough..beach is calling us

small bodies on weekly planing out..looking for weekly reversal here to take out monthly
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  • #250,250
  • Sep 1, 2010 7:54am Sep 1, 2010 7:54am
Quoting primzvicious
probable continuation pattern
http://cdn.forexfactory.com/attachme...5&d=1283268729

Quoting primzvicious
im saying about BUY HERE WITH A TIGHT STOP....
or follow the price if next H1 candle breaking this current H1 candle
now we might see a seller on this area

PS : to Trending at least you know that im not talking non sense
Verily, in every difficulties there is relief
  • #250,251
  • Sep 1, 2010 7:55am Sep 1, 2010 7:55am
Quoting primzvicious



now we might see a seller on this area

Not likely until 5484-5500
  • #250,252
  • Sep 1, 2010 7:56am Sep 1, 2010 7:56am
Quoting Magic Hat
Some musings...

Fibre has been rising all day.
Swissy has been falling all day.
We have had an 80 pip day so far.
NY about to start.

= possibitilty of another 50 pips and ride the dollar weakness to set a new high with the NY session. If we close m15 above 5425 I am looking to go long to 5460.
Ok - that was quite an enjoyable 5 mins! Hit my TP and now I'm out...
  • #250,253
  • Sep 1, 2010 7:57am Sep 1, 2010 7:57am
Quoting GlobalMacro
Bearish momentum has decreased sufficiently in this area...price reacted positively on two occasions on the approach of low 1.5300s...

so I am buying here at 1.5374
Right...nice float up to 1.5469...

I'm exiting them longs here @ 1.5464 and taking profit of +ve 90 pips

My Position Is Now FLAT.
Attached Image (click to enlarge)
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Hear the music before the song is over ...
  • #250,254
  • Sep 1, 2010 7:58am Sep 1, 2010 7:58am
usd is finished..imho
  • #250,255
  • Sep 1, 2010 7:59am Sep 1, 2010 7:59am
Quoting cloggie
Not likely until 5484-5500
484 is on my chart if im not mistaken... and your 500 like wormie said what is 16pips for a friend
Verily, in every difficulties there is relief
  • #250,256
  • Sep 1, 2010 8:00am Sep 1, 2010 8:00am
Quoting primzvicious
484 is on my chart if im not mistaken... and your 500 like wormie said what is 16pips for a friend

Just wanted to make sure your weren't tempted shorting this thing unlike some here. And indeed you did have 484 on your chart.
  • #250,257
  • Sep 1, 2010 8:01am Sep 1, 2010 8:01am
Quoting primzvicious

now we might see a seller on this area

PS : to Trending at least you know that im not talking non sense

Never thought you are talking nonsense. Just not explaining the reason. Hard to heed a call without reasons or explanation. From your previous charts, I understand you may be using fibs, I don't think is indicated on your charts.

Btw a bearish butterfly pattern at 5min tf will complement your call for short.
it can still run up to 2.618.
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  • #250,258
  • Sep 1, 2010 8:01am Sep 1, 2010 8:01am
Quoting cloggie
Just wanted to make sure your weren't tempted shorting this thing unlike some here.
acknowledged
Verily, in every difficulties there is relief
  • #250,259
  • Sep 1, 2010 8:02am Sep 1, 2010 8:02am
GU update and possibilities:
Attached Image (click to enlarge)
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  • #250,260
  • Sep 1, 2010 8:06am Sep 1, 2010 8:06am
Quoting cloggie
Not likely until 5484-5500

Target reached, as GM am flat. It's been an interesting day.
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