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Cable Update (GBPUSD)

  • #322,661
  • Aug 24, 2012 9:15am Aug 24, 2012 9:15am
closed my short, target hit. have a good weekend fellas. see ya next week.
  • #322,662
  • Aug 24, 2012 9:23am Aug 24, 2012 9:23am
OK - now we have hit 1.5810..

question now.. are we going to attempt 1.5780 or are we going back.

I think I will hold for 1.5780. May be a mistake -

Normally - if price breaks a .15 level - it will test the next round number, so 1.5800 at least?

Going to attempt 1.5780. Moving SL down by 30 pips.

Regards
  • #322,663
  • Aug 24, 2012 9:31am Aug 24, 2012 9:31am
Quoting albchr
Sure got quiet in here...
I really wonder why ?



for the sakes of the bulls I just hope price will recover after this 115 pips retrace....or DD if I may call it so

this is what I wrote to other traders right before FOMC
''those news will affect the market short term only so only spikes.later UCAD will continue up and GU and EU down.

it depends how they start.we might have a good move from the start or hit our SL on spike then go to the right direction

this is how news work out I am afraid ''

price is now back to the pre FOMC levels on both GU and CAd and even better on AUD

EU is the only stronger one even if it dipped to same pre FOMC level hours ago.

1.5735 might be next stop after and if 1.5808 gives way

from there we see up 50 pips hopefully

somebody was asking all the bear hoard here why they short @ 1.59?why should we care about any 61.8% fibo ?

well...for a 115 pips profit why not.

congrats to the bears that held the line and did not listen the the hysterical buyers
  • #322,664
  • Aug 24, 2012 9:33am Aug 24, 2012 9:33am
Quoting TauTrader
OK - now we have hit 1.5810..

question now.. are we going to attempt 1.5780 or are we going back.

I think I will hold for 1.5780. May be a mistake -

Normally - if price breaks a .15 level - it will test the next round number, so 1.5800 at least?

Going to attempt 1.5780. Moving SL down by 30 pips.

Regards
Sorry to hear about Your Loss , Tau ...

Here's what am looking at --!!

Can 1 hr demand actually hold Weekly Supply ? Ehh..
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  • #322,665
  • Aug 24, 2012 9:45am Aug 24, 2012 9:45am
Quoting TauTrader
OK - now we have hit 1.5810..

question now.. are we going to attempt 1.5780 or are we going back.

I think I will hold for 1.5780. May be a mistake -

Normally - if price breaks a .15 level - it will test the next round number, so 1.5800 at least?

Going to attempt 1.5780. Moving SL down by 30 pips.

Regards
...

http://www.forexfactory.com/showthre...83#post5956883

Sure am sorry to hear buddy..

Hope you can have a good weekend sir! I must run now.
Ghost Rider - WWTBMD?
  • #322,666
  • Aug 24, 2012 9:53am Aug 24, 2012 9:53am
if anything trend seems to be accelerating rate of descent, looks like 1.575 at least

sorry 1.5775 was meant
Money never sleeps...
  • #322,667
  • Aug 24, 2012 9:54am Aug 24, 2012 9:54am
Quoting taomql4
Sorry to hear about Your Loss , Tau ...

Here's what am looking at --!!

Can 1 hr demand actually hold Weekly Supply ? Ehh..
Sir,

I just love your charts. Always. Thank you for the post.

Well done on those shorts you are holding.

One day...

Regards to you
  • #322,668
  • Aug 24, 2012 9:58am Aug 24, 2012 9:58am
Quoting albchr
...

http://www.forexfactory.com/showthre...83#post5956883

Sure am sorry to hear buddy..

Hope you can have a good weekend sir! I must run now.
nice one.

Good weekend to you. See next week

Take care

Regards
  • #322,669
  • Aug 24, 2012 10:00am Aug 24, 2012 10:00am
Quoting redbeben
I really wonder why ?



for the sakes of the bulls I just hope price will recover after this 115 pips retrace....or DD if I may call it so

this is what I wrote to other traders right before FOMC
''those news will affect the market short term only so only spikes.later UCAD will continue up and GU and EU down.

it depends how they start.we might have a good move from the start or hit our SL on spike then go to the right direction

this is how news work out I am afraid ''

price is now back to the pre FOMC levels on both GU...
Hi mate, ...
  • #322,670
  • Aug 24, 2012 10:09am Aug 24, 2012 10:09am
good day to you,

Decided to cut my short @ 1.5800 if we get there. Will then wait. Retrace to 1.5830 under current conditions will see me re-enter. With added sell limit @ 1.5860.

We need to see 1.5800, so i can exit.

regards
  • #322,671
  • Aug 24, 2012 10:18am Aug 24, 2012 10:18am
after reenter from 1.5865 exit earlier at 15812, friday made me nervous.... and we just have a spike, .....
  • #322,672
  • Aug 24, 2012 10:21am Aug 24, 2012 10:21am
Quoting Red Alert
after reenter from 1.5865 exit earlier at 15812, friday made me nervous.... and we just have a spike, .....

spike is interesting

new selling opportunity, jumped in maybe too early though but looking for a bounce off the MA in red
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Money never sleeps...
  • #322,673
  • Aug 24, 2012 10:23am Aug 24, 2012 10:23am
Quoting inpatient
spike is interesting

new selling opportunity, jumped in maybe too early though but looking for a bounce off the MA in red

shorted similarly the last time this happened at 1.585
Money never sleeps...
  • #322,674
  • Aug 24, 2012 10:26am Aug 24, 2012 10:26am
Nice Friday.............

KG
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  • #322,675
  • Aug 24, 2012 10:27am Aug 24, 2012 10:27am
Ok - shyt...

the BIG BOYS were inside my computer again..

Closed 1.5903 short.

but looking to re-enter short again. Will see - anything between 1.5840 and 1.5870 will be a good first entry, me finks.

I can only guess..

Regards
  • #322,676
  • Aug 24, 2012 10:29am Aug 24, 2012 10:29am
Quoting Kang_Gun
Nice Friday.............

KG
Indeed, good sir

well done on knocking the socks off EU.

Ps - love the Renko chart....

regards
  • #322,677
  • Aug 24, 2012 10:39am Aug 24, 2012 10:39am
good day,

What I see... Pull back. time entry... smile... 120 pips south...

I know this sounds arrogant. Having my ass handed to me just recently, was a bitter pill. Swallowed.

BUT - I'm selling.

Just waiting to pounce.
  • #322,678
  • Aug 24, 2012 10:41am Aug 24, 2012 10:41am
I dont know....

KG
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  • #322,679
  • Aug 24, 2012 10:48am Aug 24, 2012 10:48am
Quoting TauTrader
good day,

What I see... Pull back. time entry... smile... 120 pips south...

I know this sounds arrogant. Having my ass handed to me just recently, was a bitter pill. Swallowed.

BUT - I'm selling.

Just waiting to pounce.

Tau,

Sorry for your friend bro, i lost one of my best freinds Sep 20th 2010, Brandon Davis, his picture is framed just next to the computer i write this on. We had a ton of media people looking for interviews because apparently someone called Brandon Davis is also some weathly playboy in California. It was upsetting that they wrote articles which you can find on google that the Brandon Davis that did die was not at all important or famous. He was pretty famous to me.
I know how it feels and to be honest i can still imagine him knocking on my door with the big grin he used to have. He blew himself up in a gas explosion in Las Vegas. I dont think you ever really get over death, its just something you live with, like the memories that should fade but dont really.

I see your trade analysis and i agree, already in short though as im always inpatient. Enjoy your posts Tau hope you keep checking in.

Anyone heard from PT? I know he was all in before the FOMC and i fear that took him out? Very sad if this is a permenant loss.
Money never sleeps...
  • #322,680
  • Aug 24, 2012 10:56am Aug 24, 2012 10:56am
FED'S BERNANKE: Defends stimulus in letter to U.S. congressman; sees 'scope for further action' by Fed for growth.


Cause of the spike?
Money never sleeps...
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