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Cable Update (GBPUSD)

  • #255,841
  • Sep 24, 2010 10:04am Sep 24, 2010 10:04am
Quoting Sunsi
Shot up 20pips in 5 min..
Yup... it's called a strong trend. Absolutely mind-blowing watching people gamble trying to short into it, but hey I won't complain
check out my blog: forexmademillionaire dot com
  • #255,842
  • Sep 24, 2010 10:06am Sep 24, 2010 10:06am
Quoting Geppy
Yup... it's called a strong trend. Absolutely mind-blowing watching people gamble trying to short into it, but hey I won't complain
Not sure it will mve to much higher at this time of a friday imo.
But yea. Very strong trend!
  • #255,843
  • Sep 24, 2010 10:07am Sep 24, 2010 10:07am
I'm out for B/e on the short, silly to give back any of the day's gain...I wasn't convinced by the potential resistance as stated above although can understand why some would think 5820 is potential resistance...I remain unconvinced...put PA will tell us one way or the other I guess.

Worth a small punt and no harm done.

Friday afternoon and all that.

The 4hr screenshot below is what I am see-ing and I have added the daily t/f descending trend line in although as BB's charts there is probably another that comes thru lower...

G/L

http://www.easy-upload.net/fichiers/z.201092417635.gif
ex member
  • #255,844
  • Sep 24, 2010 10:07am Sep 24, 2010 10:07am
Quoting Geppy
Yup... it's called a strong trend. Absolutely mind-blowing watching people gamble trying to short into it, but hey I won't complain
Agree .. while the CT's have been piling on shorts, I stayed long .. just cashed in at 5818, just bcause it's Friday. Flat & out.
******************* I'd rather make money than be right.
  • #255,845
  • Sep 24, 2010 10:08am Sep 24, 2010 10:08am
Quoting Sunsi
Not sure it will mve to much higher at this time of a friday imo.
But yea. Very strong trend!
Perhaps not, but I wouldn't be betting on it

aka: shorting
check out my blog: forexmademillionaire dot com
  • #255,846
  • Sep 24, 2010 10:11am Sep 24, 2010 10:11am
Quoting Geppy
Perhaps not, but I wouldn't be betting on it

aka: shorting
Personaly I think price will race between 1.5815 -> 1.5785 Around these areas for the rest of the day.
Any thoghts on that?
  • #255,847
  • Sep 24, 2010 10:14am Sep 24, 2010 10:14am
Quoting Sunsi
Personaly I think price will race between 1.5815 -> 1.5785 Around these areas for the rest of the day.
Any thoghts on that?
Yeah, I think we're going to break higher yet... but just a feeling really.
check out my blog: forexmademillionaire dot com
  • #255,848
  • Sep 24, 2010 10:19am Sep 24, 2010 10:19am
Quoting Sunsi
Personaly I think price will race between 1.5815 -> 1.5785 Around these areas for the rest of the day.
Any thoghts on that?

I have no idea, it is holding up pretty well so far..no sign of the week end friday afternoon profit take sellers yet??...monthly candle not closed yet but could be a bullish engul;f and the weekly chart below shows the support found at the 38.2% of the a-b move that targets the fib extension zone of the b-c move...

Daily should close bullish as should weekly

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: z.gif Size: 14 KB
ex member
  • #255,849
  • Sep 24, 2010 10:19am Sep 24, 2010 10:19am
Quoting Magix
It's Friday...

When the London Bell closes in just over an hour, I can't imagine that NY will be doing a whole lot....

I typically close my terminal on Friday with London.
Hey magix,

just wanted to let you know that I think you were right in calling that guy a fool... i didnt read his past posts... but rhyming a trade like that was foolish... i apologize for getting on you like that for calling him a fool... coz he is one...

I took a standard buy today and got out at 1100 USD profit... its over for me too for this week... i wont take any new positions like you and am waiting for monday to give us some gap.. so than we trade that gap and make more...

all the best..

purple.
  • #255,850
  • Sep 24, 2010 10:22am Sep 24, 2010 10:22am
Quoting egkid
Hey bro
How r u? hope all fine.
BTW i work on something for while and i success 4 time but waiting my 5 time to know it's coincidence or true i did it.
But don't laugh...
Do u think anyone can crack time & PA?
The question was to nAVIN2007 but seems he gone before c it but any comment r welcome.

Fifth Time bro crack time and PA
PA was 1.30 E/U expected 1.35 this week
http://www.forexfactory.com/showpost...postcount=2113

I have a Plan for e/u and g/u and time , I'm very interested to know if this coincidence
  • #255,851
  • Sep 24, 2010 10:27am Sep 24, 2010 10:27am
what do you think about 1.5700 retest before 1.60 ?
  • #255,852
  • Sep 24, 2010 10:27am Sep 24, 2010 10:27am
Quoting Purple
Hey magix,

just wanted to let you know that I think you were right in calling that guy a fool... i didnt read his past posts... but rhyming a trade like that was foolish... i apologize for getting on you like that for calling him a fool... coz he is one...

I took a standard buy today and got out at 1100 USD profit... its over for me too for this week... i wont take any new positions like you and am waiting for monday to give us some gap.. so than we trade that gap and make more...

all the best..

purple.
Gotta love an extra G-Note tucked nicely into the back hipster going into the weekend Purple....Congrats on the gains!

This is a big place, we all have our opinions...rub past the testosterone (psept the ladies),and humor, I guess we all a pretty good bunch of folk.

Enjoy your weekend brother.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #255,853
  • Sep 24, 2010 10:31am Sep 24, 2010 10:31am
i think now cable has given the signal again,up up up we go,buy buy buy.lets see what happens next week,happy weekend to ya all.
  • #255,854
  • Sep 24, 2010 10:31am Sep 24, 2010 10:31am
Wel retracement to D point at 1.5764 is well past , Daily R2 at 1.5807 has been pierced . we still have some upward move but watch out we can expect some retracement from here . but in my opinion we can reach 1.5870 area . Ive closed my longs for the cable and the EURO I'm calling it a day . good luck everybody !
And I just wanted to say hi , this is my first post here at forexfactory :-)
  • #255,855
  • Sep 24, 2010 10:33am Sep 24, 2010 10:33am
It's quite stubborn to come down ..
WHy .. why .. why ...
  • #255,856
  • Sep 24, 2010 10:33am Sep 24, 2010 10:33am
looking at PA, reminds me a name ...
"2fast&furious"

crazy friday

gl
... feel better day by day.
  • #255,857
  • Sep 24, 2010 10:35am Sep 24, 2010 10:35am
Quoting mktjong
It' quite stubborn to come down ..
WHy .. why .. why ...
Seems the trend is very strong. And EU trying to push up to 1.3500.
  • #255,858
  • Sep 24, 2010 10:35am Sep 24, 2010 10:35am
at this momentum .... will be enough time to close the week at 1.6

go cable .... FLy!
... feel better day by day.
  • #255,859
  • Sep 24, 2010 10:36am Sep 24, 2010 10:36am
lets slap a small short on

1.5830.. SL 1.5865.. TP 1.5775

Have a good weekend fellow traders
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #255,860
  • Sep 24, 2010 10:36am Sep 24, 2010 10:36am
Quoting zoom
at this momentum .... will be enough time to close the week at 1.6

go cable .... FLy!
it's just my dream .... I may be completely wroooong!
... feel better day by day.
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