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Cable Update (GBPUSD)

  • #250,961
  • Sep 3, 2010 10:17am Sep 3, 2010 10:17am
Quoting TauTrader
Good day to you,

Previous 4hr bar broke through. Current bar retraced to test.Thoughts?

Regards
Hey tt, good day to you too , I dont use a 4 hour chart much , prefer the 8 hour , we are above the monthly open , the average band on the chart is just the standard macd averages , see where we close the week out , if above the band would think we could take a journey up . Kinda a simple view but pretty accurate for a little longer term view . A pop to the montly pivot not out of the question if we get above the band
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  • #250,962
  • Sep 3, 2010 10:18am Sep 3, 2010 10:18am
Quoting TauTrader
Good day to you,

Previous 4hr bar broke through. Current bar retraced to test.Thoughts?

Regards
You are neglecting the other tl?
Extra work wormie and bull bear pointed that out in earlier posts.
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  • #250,963
  • Sep 3, 2010 10:18am Sep 3, 2010 10:18am
Quoting javajames
I'm short on GU .....so my shorts are on the Queen GB....
UP
http://www.forexfactory.com/showpost...&postcount=639
not euphoria follower
  • #250,964
  • Sep 3, 2010 10:20am Sep 3, 2010 10:20am
yeah still holding my shorts @ 1.5440 stop loss of 50 pips above that. Would like to see a race down towards 1.5340 taking a profit of 100 pips. However, as many people have pointed out i too will be holding my shorts over the week-end.

Good day to you all.
Our beliefs are based on logic and the pursuit of clearity.
  • #250,965
  • Sep 3, 2010 10:20am Sep 3, 2010 10:20am
Quoting javajames
I'm short on GU .....so my shorts are on the Queen GB....
Why would you took shorts ?
  • #250,966
  • Sep 3, 2010 10:20am Sep 3, 2010 10:20am
Quoting TauTrader
Good day to you,

Previous 4hr bar broke through. Current bar retraced to test.Thoughts?

Regards
How about this Tau ?
Attached Image (click to enlarge)
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  • #250,967
  • Sep 3, 2010 10:20am Sep 3, 2010 10:20am
my view sorry ..i got bad feeling on this one 10yrs tresuries tl giving way i look to buy dips

Quoting javajames
I'm short on GU .....so my shorts are on the Queen GB....
We cannot direct the winds but we can adjust our sail.
  • #250,968
  • Sep 3, 2010 10:25am Sep 3, 2010 10:25am
Quoting dil
Why would you took shorts ?
bcuz looking at intraday time frame, S&P500 is losing bullish steam and headed lower, taking GBP down with it, .....Im short too

javajames, ur short is based on 15 chart?
  • #250,969
  • Sep 3, 2010 10:26am Sep 3, 2010 10:26am
I don't know for how many weeks u intend to hold on to those shorts of yours... i doubt anythime soon. I hope you are trading the trend??

Quoting javajames
I'm short on GU .....so my shorts are on the Queen GB....
  • #250,970
  • Sep 3, 2010 10:27am Sep 3, 2010 10:27am
Quoting joemiami
bcuz looking at intraday time frame, S&P500 is losing bullish steam and headed lower, taking GBP down with it, .....Im short too
UP
not euphoria follower
  • #250,971
  • Sep 3, 2010 10:28am Sep 3, 2010 10:28am
Quoting fendi
I don't know for how many weeks u intend to hold on to those shorts of yours... i doubt anythime soon. I hope you are trading the trend??

http://www.forexfactory.com/showpost...&postcount=639
not euphoria follower
  • #250,972
  • Sep 3, 2010 10:42am Sep 3, 2010 10:42am
Quoting honeybhi
How about this Tau ?
Good day to you,

Can not fault your trendlines... good. Taken note.

Regards
  • #250,973
  • Sep 3, 2010 10:45am Sep 3, 2010 10:45am
Quoting iqyu5an
UP
You call this bullish? Negative momentum on 5 min and failure of GBP to move up passed todays intraday high. You may see bullish move on longer time frame, but as for rest of today all i see is DOWN....just my opinion
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  • #250,974
  • Sep 3, 2010 10:47am Sep 3, 2010 10:47am
Quoting trending
You are neglecting the other tl?
Extra work wormie and bull bear pointed that out in earlier posts.
Good day to you,

Thank you for taking the time. All valid.

Regards
  • #250,975
  • Sep 3, 2010 10:50am Sep 3, 2010 10:50am
Quoting joemiami
You call this bullish? Negative momentum on 5 min and failure of GBP to move up passed todays intraday high. You may see bullish move on longer time frame, but as for rest of today all i see is DOWN....just my opinion
yes... im long term trader brother joe...

Whatever our position....happy green pips and happy weekend ....

rgds,iqyu
not euphoria follower
  • #250,976
  • Sep 3, 2010 10:53am Sep 3, 2010 10:53am
To answer all your questions:

As long as I won't see a Dot 3 (yellow) on my daily...It will be below Dot 2 (aqua) in kumo or below......I'll stay short....

Then I' ll be long.....but never be4....so my decision always comes from daily with confirmation on H4, H1 and M30

I'm high in equity and my SL far away.....so I'm ready to hold some time and will take some longs too if needed....

Nice week-end
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Non licet omnibus adire Corinthum
  • #250,977
  • Sep 3, 2010 10:55am Sep 3, 2010 10:55am
Quoting javajames
To answer all your questions:

As long as I won't see a Dot 3 (yellow) on my daily...It will be below Dot 2 (aqua) in kumo or below......

Then I' ll be long.....but never be4....so my decision always comes from daily with confirmation on H4, H1 and M30

I'm high in equity and my SL far away.....so I'm ready to hold some time and will take some longs too if needed....

Nice week-end
Happy weekend brother javajames....
not euphoria follower
  • #250,978
  • Sep 3, 2010 11:12am Sep 3, 2010 11:12am
nice weekend to all

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  • #250,979
  • Sep 3, 2010 11:27am Sep 3, 2010 11:27am
Well, it has been an interesting day, full risk-on. Did not manage to find any other entries for the afternoon worth trading so I am finished for the day and the week.

Y'all have a good weekend and see you guys 'n girls on Monday, the start of normal trading after a pretty good summer actually in retrospect.

Oh and for those intraday traders, I still see no shorts out there on Cable.
  • #250,980
  • Sep 3, 2010 11:30am Sep 3, 2010 11:30am
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OK! I went to rest
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