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Cable Update (GBPUSD)

  • #325,241
  • Sep 27, 2012 4:12am Sep 27, 2012 4:12am
Quoting albchr
Me thinks you'll be seeing that very soon.

That's the one drawback to holding positions for me. Leaves no play in my account for scalping all the wonderful little pips in the mean time.
me thinks we will revisit 6166 again and this time me thinks we'll head lower and we might even go lower lowstoday as we will form a perfect sell on H1(unless news blows it)
  • #325,242
  • Sep 27, 2012 4:13am Sep 27, 2012 4:13am
Quoting Daddypips
Hey Greg, I respect what you see but your right that was a good place to buy, but a reversal? Reason why i think its a bounce is because if you look back at the last few days or couple of weeks you can see that on the 4hour chart head and shoulders have formed.
Now im not always concerned about the crab, cows or chickens but when we have been making lower lows and lower highs il re-think your reversal.

Too add to this at 9:30am we have current account and with this flooding etc etc i believe the economy may take a small hit!!

What you think...
I am shorting Cabel now from 1620, reversal was shown on 30min TF (still valid), second target is 1603 I will show later once I'll be back from work,
Head and shoulders... I hate that pattern, not geometrical
Higher TF are showing quite nice pattern as well... This is just correction of last bullish wave... IMO
  • #325,243
  • Sep 27, 2012 4:16am Sep 27, 2012 4:16am
Quoting redbeben
sell limit 6208 sl 6250 and TP 6120 first tp2 6031 the rest to come

if we even get above 6197.....boring morning.I scalped 20 more from 6170
6197 touched,closed all long

thank you,I'm going back to sleep now till after the news.
  • #325,244
  • Sep 27, 2012 4:18am Sep 27, 2012 4:18am
Quoting greg811
I am shorting Cabel now from 1620, reversal was shown on 30min TF (still valid), second target is 1603 I will show later once I'll be back from work,
Head and shoulders... I hate that pattern, not geometrical
Higher TF are showing quite nice pattern as well... This is just correction of last bullish wave... IMO
1620? cable ? huh ?
  • #325,245
  • Sep 27, 2012 4:27am Sep 27, 2012 4:27am
Quoting greg811
I am shorting Cabel now from 1620, reversal was shown on 30min TF (still valid), second target is 1603 I will show later once I'll be back from work,
Head and shoulders... I hate that pattern, not geometrical
Higher TF are showing quite nice pattern as well... This is just correction of last bullish wave... IMO
1.6204 high on my platform. Nice point
Come with me if you want to live....
  • #325,246
  • Sep 27, 2012 4:37am Sep 27, 2012 4:37am
Quoting Mr.C
Hey people. I think we're going south. Sold cable: entry point 1,6181, SL @ 1,6214. Entry based on the NY range template (#18.4). Initial TP - 1,6130 - 100% ADR. But I am thinking about more.
Closed at b/e minutes ago. Don't like the PA anymore.
Attached Image (click to enlarge)
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Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #325,247
  • Sep 27, 2012 4:40am Sep 27, 2012 4:40am
Quoting _BBKing_
i'm sell limit 6214 sl 6275 tg 6125. small position due to possible spike during data.
Here ya go BB. Think you'll get it soon.
Ghost Rider - WWTBMD?
  • #325,248
  • Sep 27, 2012 4:41am Sep 27, 2012 4:41am
sold 6205 tp1 6185

will load more shorts @ 6224
  • #325,249
  • Sep 27, 2012 4:41am Sep 27, 2012 4:41am
Quoting redbeben
sold 6205 tp1 6185

will load more shorts @ 6224

Im Waiting for higher....
  • #325,250
  • Sep 27, 2012 4:45am Sep 27, 2012 4:45am
Quoting Freshpips
Im Waiting for higher....
I am looking for 6230 to sell its rally
  • #325,251
  • Sep 27, 2012 4:49am Sep 27, 2012 4:49am
Freaking pound index just took off!
Ghost Rider - WWTBMD?
  • #325,252
  • Sep 27, 2012 4:51am Sep 27, 2012 4:51am
Quoting ForexRatVN
I am looking for 6230 to sell its rally

Im waiting for 1.6225-1.6230
  • #325,253
  • Sep 27, 2012 4:52am Sep 27, 2012 4:52am
Pefect touch! Now....will it hold?
Attached Image (click to enlarge)
Click to Enlarge Name: gu_1h.gif Size: 32 KB
Ghost Rider - WWTBMD?
  • #325,254
  • Sep 27, 2012 4:58am Sep 27, 2012 4:58am
6198,6187,6176
  • #325,255
  • Sep 27, 2012 5:00am Sep 27, 2012 5:00am
I think there is an opportunity to rise far in 1.62608 but if the strong price rises.
  • #325,256
  • Sep 27, 2012 5:01am Sep 27, 2012 5:01am
Quoting Freshpips
Im waiting for 1.6225-1.6230

stupid, tried holding on for another 10 pips or so better level and by doing that missed the entry altogether....

stupid.

Hoping we get a retest of 1.6215-1.6219
  • #325,257
  • Sep 27, 2012 5:17am Sep 27, 2012 5:17am
Quoting Freshpips
stupid, tried holding on for another 10 pips or so better level and by doing that missed the entry altogether....

stupid.

Hoping we get a retest of 1.6215-1.6219
You may get your chance yet. If this 30m isn't capped by the green 200, we may see 6235ish soon.
Attached Image(s) (click to enlarge)
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Ghost Rider - WWTBMD?
  • #325,258
  • Sep 27, 2012 5:19am Sep 27, 2012 5:19am
Sometimes I hate to be right
sorry but I am at work can't see my chart..
Attached Image (click to enlarge)
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  • #325,259
  • Sep 27, 2012 5:22am Sep 27, 2012 5:22am
Quoting greg811
Sometimes I hate to be right
Oh you're right about the correction. But I still think it will be deeper than the 6136 we've seen. There's no doubt cable is still bullish overall. But it's due for a bigger correction me thinks.

I think what we're seeing here is a correction...of the correction...LOL

At least....I sure hope so.
Ghost Rider - WWTBMD?
  • #325,260
  • Sep 27, 2012 5:23am Sep 27, 2012 5:23am
Quoting albchr
You may get your chance yet. If this 30m isn't capped by the green 200, we may see 6235ish soon.

Yes thats what im going to wait for, although it means breaking the UDTL from 21st September...

Ideally a bounce from there could set me up for a short...

Im battling with myself over my inherent need to want to trade, patience was never one of my virtues.... but im working on it
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