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Cable Update (GBPUSD)

  • #289,341
  • Sep 22, 2011 8:02am Sep 22, 2011 8:02am
Quoting Fudomyo
Took profit at 15330. +165 P

Could still drop lower, but sticking to my plan.

GL with your trades.
well done fudo!
very good sharing
90% of traders use TA, indicators and prediction
  • #289,342
  • Sep 22, 2011 8:03am Sep 22, 2011 8:03am
Quoting bbmac
4hr descending equi-distance channel remains intact.

G/L
gosh!
90% of traders use TA, indicators and prediction
  • #289,343
  • Sep 22, 2011 8:08am Sep 22, 2011 8:08am
Quoting lannn7075
BUY now GBPUSD, Tp: 1.6000
Daily RSI to wake up 400pips today and Tomorrow
an oversold oscillator doesn't mean price to get up!
means there is strong sell power into market and can be oversold for days n days n days....
be careful by picking a trade based on it mostly in daily chart!
different thing in faster timeframes
90% of traders use TA, indicators and prediction
  • #289,344
  • Sep 22, 2011 8:09am Sep 22, 2011 8:09am
Quoting wormboy
aye, thought I'd have to wait a little longer for the neckline to go after price cleared below the pvp till the alarm went off earlier. Can tell you that I'm well chuffed it did so on my time off
I'd suspect price will settle ard 5350 level & dozes off till after the new year (great timing btw)
Don't forget 5300 is cable's centre of the universe.

Right, going for supper. Take care my friend
No I wont forget that WB...

it was 9 months ago
  • #289,345
  • Sep 22, 2011 8:16am Sep 22, 2011 8:16am
Wow. Market Sentiment is still Risk Off for now.
Risk aversion strategy until it quits working.

look for support/resistance areas to re-enter trends. That is what i am doing. Pullbacks are money makers.
  • #289,346
  • Sep 22, 2011 8:22am Sep 22, 2011 8:22am
Quoting gsantri
No I wont forget that WB...

it was 9 months ago
hi bro!
nice thing about the 1.53
below seen in monthly there is the 1.50 line (better seen with strong zoom out) where appears to be dynamic support this or next month.

10 days left for month end.
if goes to 1.50 dont forget to try also there a buy.

im still waiting a consolidation pattern to buy this thing since 1.58-1.59
lolz
Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 76 KB
90% of traders use TA, indicators and prediction
  • #289,347
  • Sep 22, 2011 8:25am Sep 22, 2011 8:25am
Aud/usd and usd/cad broke parity.....

What Think ye?
  • #289,348
  • Sep 22, 2011 8:34am Sep 22, 2011 8:34am
Quoting ovaforty
Aud/usd and usd/cad broke parity.....

What Think ye?
what a week!
and i think you noticed the fly in gbp aud!!!!
90% of traders use TA, indicators and prediction
  • #289,349
  • Sep 22, 2011 8:35am Sep 22, 2011 8:35am
Quoting _BBKing_
well done fudo!
very good sharing
cheers mate.

best of luck with your trades.
  • #289,350
  • Sep 22, 2011 8:43am Sep 22, 2011 8:43am
Quoting _BBKing_
what a week!
and i think you noticed the fly in gbp aud!!!!
yeah, The Spider Loves the Fly in her web.....

What think ye?

Risk off sentiment provides value, by corrections. Long term ranges and weekly supports are being tested now.

We need a risk on sentiment to resume trend on carry trade pairs. Small tester positions (mini lots, micro lots) that can run a painless drawdown or stop loss, is my strategy for now.
  • #289,351
  • Sep 22, 2011 8:55am Sep 22, 2011 8:55am
Good morning everyone,

Glad I slept through that one - congrats to everyone that traded it down.

Now back to business but I think it will be a slow day here for me - not sure if this down move is over and we will consolidate sideways for the rest of the day or will......will watch price action and wait and see....
I don't trust any move - when you have profit...take it.
  • #289,352
  • Sep 22, 2011 8:59am Sep 22, 2011 8:59am
Opss,My 1% Trade Being Hit..I Like this Move
If there was easy money lying around,no one would be forcing it into your
  • #289,353
  • Sep 22, 2011 9:07am Sep 22, 2011 9:07am
anyone heard from Nav (Navin2007) he was nursing a huge long position having averaged in way above here with a stop @ 5330 as I remember ?

Hope he is not suffering too much

G/L
ex member
  • #289,354
  • Sep 22, 2011 9:09am Sep 22, 2011 9:09am
Monthly chart is showing an Evening Star formation, confirmed, so far, by the current candle which has another week to run.

The Global Economy has weakened to a more sustainable growth.

Is this Doom and Gloom?

I am looking for Market Capitulation in the near future.


What think ye?
Attached Image (click to enlarge)
Click to Enlarge Name: cable monthly.gif Size: 19 KB
  • #289,355
  • Sep 22, 2011 9:10am Sep 22, 2011 9:10am
Quoting bbmac
anyone heard from Nav (Navin2007) he was nursing a huge long position having averaged in way above here with a stop @ 5330 as I remember ?

Hope he is not suffering too much

G/L
Yeah,As I know He Is keep going Long when GU start going down and I hope is ok also,But I am believe he will come back and make a post soon
If there was easy money lying around,no one would be forcing it into your
  • #289,356
  • Sep 22, 2011 9:13am Sep 22, 2011 9:13am
Quoting ovaforty
Aud/usd and usd/cad broke parity.....

What Think ye?
looks very bad!- XAU/USD @ an important level - if this doesn't hold - things are going seriously mad...will keep an eye on it

sry to post about Gold - but i think, if it manages to hold this level and bounce up again - GBP should b good for buying - anyway: choppy days (maybe weeks ahead) - time for scalping only?
  • #289,357
  • Sep 22, 2011 9:17am Sep 22, 2011 9:17am
Quoting bbmac
anyone heard from Nav (Navin2007) he was nursing a huge long position having averaged in way above here with a stop @ 5330 as I remember ?

Hope he is not suffering too much

G/L
didnt hear about him since some days.

i hope he picked hedge on that position or at least some day swings..
90% of traders use TA, indicators and prediction
  • #289,358
  • Sep 22, 2011 9:19am Sep 22, 2011 9:19am
Quoting ovaforty
Monthly chart is showing an Evening Star formation, confirmed, so far, by the current candle which has another week to run.

The Global Economy has weakened to a more sustainable growth.

Is this Doom and Gloom?

I am looking for Market Capitulation in the near future.


What think ye?
few post ago i shared my naked monthly chart.
nice the 53 area as support but imo a run to near 50 i wouldn't be surprised about!
price actually out below hourly downtrend channel. still unable to get into it again........................................
90% of traders use TA, indicators and prediction
  • #289,359
  • Sep 22, 2011 9:24am Sep 22, 2011 9:24am
Quoting 853efx
looks very bad!- XAU/USD @ an important level - if this doesn't hold - things are going seriously mad...will keep an eye on it

sry to post about Gold - but i think, if it manages to hold this level and bounce up again - GBP should b good for buying - anyway: choppy days (maybe weeks ahead) - time for scalping only?

Gold is getting to a value area soon. Hedge funds are forced to bail out on long positions to cover their losses on long equities, etc.

The Vultures are waiting to buy on market Capitulation, in my opinion.
this is a long term Annual Seasonal Pattern in September.
  • #289,360
  • Sep 22, 2011 9:26am Sep 22, 2011 9:26am
Quoting bbmac
anyone heard from Nav (Navin2007) he was nursing a huge long position having averaged in way above here with a stop @ 5330 as I remember ?

Hope he is not suffering too much

G/L
Hi BB - yeah - Nav posted on wormboys thread earlier , frustrated obviously , but don't think his position is so huge
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