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Cable Update (GBPUSD)

  • #257,341
  • Sep 30, 2010 8:00am Sep 30, 2010 8:00am
Quoting Uphios
Maybe Nav but this bear went short at the recross of 1.59. All clossed now and back neutral. Could do with some more bull for dinner though
yip that was good trade good odds i should have sell as well i thought it would stall but not like this

triangle consolidation now..i break of it..i think i might exit my position as weekly would be signally more down
Attached Image (click to enlarge)
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  • #257,342
  • Sep 30, 2010 8:00am Sep 30, 2010 8:00am
damn~ a trap again like 2 days ago!
there not much diamond in the world, thats why it valuable
  • #257,343
  • Sep 30, 2010 8:01am Sep 30, 2010 8:01am
add more bullet to kill the bear ...

Quoting iqyu5an
any rejection that could bring price back to yellow box... look promising to add new long ... hmmmm wait and see mode on

tic toc tic toc ...

rgds,iqyu


http://www.forexfactory.com/showpost...tcount=257268]
not euphoria follower
  • #257,344
  • Sep 30, 2010 8:01am Sep 30, 2010 8:01am
Quoting nAVIN2007
becarefull man! i think its a trap
I was a bull NAV, now I've turned BEAR buddy.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #257,345
  • Sep 30, 2010 8:02am Sep 30, 2010 8:02am
Well, that changes the complexion a bit, just came back to desk after finishing session earlier to see a 130pip drop from Daily R2...and I shorted there for a lousy +9pips Lol !!

Current 1hr screenshot is below. Demand emerging around the 61.8% of the 5718-5921 today's Hi move...

G/L
Attached Image
ex member
  • #257,346
  • Sep 30, 2010 8:02am Sep 30, 2010 8:02am
Looking at around 1.5838 area to enter short. Some confluence from the diamond TL, 50fib of hourly candle (38 fib from today's high) and 20MA on hourly chart.
Attached Image (click to enlarge)
Click to Enlarge Name: gu_diamond_30sept10.gif Size: 17 KB
  • #257,347
  • Sep 30, 2010 8:03am Sep 30, 2010 8:03am
Quoting Fudomyo
I've been avoiding GY today because BOJ are stinkers. everyone's expecting 82.9 for them to kick off round 2, but they may just do it off mark for greater effect. unpredictability is their strongest suit.
I give up on BoJ/MoF - I feel I can officially declare they have no strategy and no clue what they're doing. When you have so many resources, it's really not that hard - at least something should be tried/undertaken ... ie., print some money. More is done by other countries with far less, yet Japan can't get their act together on this piece.
  • #257,348
  • Sep 30, 2010 8:05am Sep 30, 2010 8:05am
That move down was heavily bought all the way down to 1.58

Unless supply overwhelms this demand we are going back up..sooner or later


Attached Image (click to enlarge)
Click to Enlarge Name: GU.GIF Size: 34 KB
Mind over matter..I don't mind and you don't matter.
  • #257,349
  • Sep 30, 2010 8:05am Sep 30, 2010 8:05am
hi bro ...

sorry but why bear ?

thx

rgds,iqyu

Quoting Bull_Bear
I was a bull NAV, now I've turned BEAR buddy.
not euphoria follower
  • #257,350
  • Sep 30, 2010 8:06am Sep 30, 2010 8:06am
Quoting nAVIN2007
yip that was good trade good odds i should have sell as well i thought it would stall but not like this

triangle consolidation now..i break of it..i think i might exit my position as weekly would be signally more down
Whilst I hope for more down I am not seeing it yet, still trading in a wide range and futures are now up on the DOW so could be more rise to come.
This space intentionally left blank.
  • #257,351
  • Sep 30, 2010 8:06am Sep 30, 2010 8:06am
Quoting dag777
oh no, donīt jinx it ,
but i feel comfortable for my long until 1.5720/10 gives way,
if go that low i watch pa for an add or cut loss
See that 31cci? You need that to flip up and NOT go thru the 0 line for your longs to be safe. If it goes thru the 0 line, it could mean trouble for longs.
Attached Image (click to enlarge)
Click to Enlarge Name: CCI.jpg Size: 100 KB
  • #257,352
  • Sep 30, 2010 8:07am Sep 30, 2010 8:07am
Quoting Bull_Bear
I was a bull NAV, now I've turned BEAR buddy.

thats yur strength bro!!..
  • #257,353
  • Sep 30, 2010 8:08am Sep 30, 2010 8:08am
Quoting Bull_Bear
Sell cable 1.5820 SL 1.5930 TP 1.5650

Sell EUR 1.3672 SL 1.3735 TP 1.3550
what is your plan BB? please tell me,.. Gu going down, euro going up and you sell all..,

i have sell pending order at 1.5923 and not been executed, so maybe it's time for me to sleep, night all...
I will be the number one Manager.
  • #257,354
  • Sep 30, 2010 8:08am Sep 30, 2010 8:08am
do not be sucked in on the sell.

tons buyers 5800 area

POMO 10:15 to 11 am est could take gu back to 5900
Blogging daily now at www.volume.zone
  • #257,355
  • Sep 30, 2010 8:08am Sep 30, 2010 8:08am
Quoting Bull_Bear
Sell cable 1.5820 SL 1.5930 TP 1.5650

Sell EUR 1.3672 SL 1.3735 TP 1.3550
careful with that cable short bro. the drop found support at the monthly's.
just a heads up
Attached Image (click to enlarge)
Click to Enlarge Name: gu4.gif Size: 22 KB
Thank You
  • #257,356
  • Sep 30, 2010 8:09am Sep 30, 2010 8:09am
short 5821,
sell_limit at 5841

SL at 5888

TP1 5775
tp2 5725

Quoting scurt
stopped out at BE http://cdn.forexfactory.com/images/smilies/yim/sad.gif

EURGBP is going to heaven, I am the bear now, and wait for retreace to jump in short....
  • #257,357
  • Sep 30, 2010 8:09am Sep 30, 2010 8:09am
Quoting PipChick
See that 31cci? You need that to flip up and NOT go thru the 0 line for your longs to be safe. If it goes thru the 0 line, it could mean trouble for longs.
uncertainty is high, i closed for 14 pips,

btw, this chart looks identical to mine
  • #257,358
  • Sep 30, 2010 8:10am Sep 30, 2010 8:10am

Quoting dag777
uncertainty is high, i closed for 14 pips,

btw, this chart looks identical to mine
  • #257,359
  • Sep 30, 2010 8:10am Sep 30, 2010 8:10am
Quoting bbmac
Well, that changes the complexion a bit, just came back to desk after finishing session earlier to see a 130pip drop from Daily R2...and I shorted there for a lousy +9pips Lol !!

Current 1hr screenshot is below. Demand emerging around the 61.8% of the 5718-5921 today's Hi move...

G/L
Still think buying dips is the play

It went to 1.5715 the other day and didn't breach anything in the bigger scheme of things

but of course i could be wrong
Mind over matter..I don't mind and you don't matter.
  • #257,360
  • Sep 30, 2010 8:13am Sep 30, 2010 8:13am
Took 13 pips on the retrace.... flat for now. Just don't have a good feel for the market at the moment.
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