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Cable Update (GBPUSD)

  • #344,601
  • Aug 2, 2013 6:21am Aug 2, 2013 6:21am
go go go go add long full lot go go

not euphoria follower
  • #344,602
  • Aug 2, 2013 6:22am Aug 2, 2013 6:22am
Quoting Makavell
{quote} if you really need others to tell you youre screwed, then somthins definitely wrong with dat!
Im not screwed, i know im not. Cuz i follow my charts. If it tells me to get ou, i will. Jus was interested to see whom if any tradeers r short
  • #344,603
  • Aug 2, 2013 6:38am Aug 2, 2013 6:38am
To think I almost shorted the pound last night, I guess this is why I close all trades before the big time news events like this ,because they've become nothing more then stop loss hunting events.

Plus it seems that most of the time now the numbers are mixed.......leaving traders wondering if they guessed right and whether or not they should hold that trade or close it!!

I guess I like trading more then gambling. <--------- This little guy loves gamblers.
  • #344,604
  • Aug 2, 2013 6:42am Aug 2, 2013 6:42am
Quoting pipsclip
market is going crazy...
No..no...no...this is what we named a PARTY.....
and to be honest, I hate to not join this party ........congratulation for all trader with "sixth sense" here and harvesting the green pips easily....
  • #344,605
  • Aug 2, 2013 6:58am Aug 2, 2013 6:58am
pending how the cable closes today. Weekly still showing bearish engulfing.
Attached Image (click to enlarge)
Click to Enlarge Name: GBP.jpg Size: 160 KB
Trade what you see, not what you think!
  • #344,606
  • Aug 2, 2013 7:04am Aug 2, 2013 7:04am
Quoting OMGtrader
pending how the cable closes today. Weekly still showing bearish engulfing. {image}
but it does indicate a wick to buy from..i think
  • #344,607
  • Aug 2, 2013 7:05am Aug 2, 2013 7:05am
bro just to close weekly ... imho
Quoting nAVIN2007
{quote} but it does indicate a wick to buy from..i think
not euphoria follower
  • #344,608
  • Aug 2, 2013 7:21am Aug 2, 2013 7:21am
Here is what the GBP/USD looks like on the Daily chart, whether or not it forms a Bearish ABCD pattern or a Bearish Crab is a little off in the future,but never the less this little move up hasn't canceled out the possibility of that happening in the long run and well worth keeping an eye on.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusddaily.png Size: 48 KB
  • #344,609
  • Aug 2, 2013 7:23am Aug 2, 2013 7:23am
Another few hours to go, who knows where the weekly gonna close at? We are only about 30 pips from last weeks open, that's not too far to reach
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdfxfweekly.png Size: 34 KB
  • #344,610
  • Aug 2, 2013 7:25am Aug 2, 2013 7:25am
just focus on your 88.6 . could be lower but who knows... once there is false break on that level... forget D point....
Quoting irongoose
Here is what the GBP/USD looks like on the Daily chart, whether or not it forms a Bearish ABCD pattern or a Bearish Crab is a little off in the future,but never the less this little move up hasn't canceled out the possibility of that happening in the long run and well worth keeping an eye on. {image}
not euphoria follower
  • #344,611
  • Aug 2, 2013 7:39am Aug 2, 2013 7:39am
just woke up and charts are all over the place. Oil shorts grabbed me 4% so im happy.

Surprised to see some experienced guys entering trades right now, surely this is just choppy water people?

I asked yesterday if anyone seen Albchr or know him in the real world? Not like him to be awol for so long?
Money never sleeps...
  • #344,612
  • Aug 2, 2013 7:41am Aug 2, 2013 7:41am
Quoting iqyu5an
just focus on your 88.6 . could be lower but who knows... once there is false break on that level... forget D point.... {quote}
Note: I meant a Bullish ABCD pattern not a Bearish.


So what you're saying is because we will be looking at a Bullish ABCD pattern if the .886 fails go long around .886 and don't sweet it if it keeps going south a little bit?
  • #344,613
  • Aug 2, 2013 7:44am Aug 2, 2013 7:44am
1.53061 may be last hope for bears
  • #344,614
  • Aug 2, 2013 7:48am Aug 2, 2013 7:48am
Quoting inpatient
just woke up and charts are all over the place. Oil shorts grabbed me 4% so im happy. Surprised to see some experienced guys entering trades right now, surely this is just choppy water people? I asked yesterday if anyone seen Albchr or know him in the real world? Not like him to be awol for so long?

he is a good guy but man ..he hasnt got a clue..worse thing is he is so head strong, he cant see his weakness
i hope where ever he is..he is ok.. i kinda miss him too
  • #344,615
  • Aug 2, 2013 7:51am Aug 2, 2013 7:51am
Quoting Ill-b-back
{quote} Would you believe me if I told you I just shorted again at around 5235 and still looking for 5060 area? F#*k I can't watch, I'm off to bed... Night all
I agree, it could be just a bleep! $1.50 seems reasonable to me.
  • #344,616
  • Aug 2, 2013 7:52am Aug 2, 2013 7:52am
Quoting Emanuel
{quote} I agree, it could be just a bleep! $1.50 seems reasonable to me.
nothing is a blimp..
  • #344,617
  • Aug 2, 2013 7:52am Aug 2, 2013 7:52am
Quoting irongoose
{quote} Note: I meant a Bullish ABCD pattern not a Bearish. So what you're saying is because we will be looking at a Bullish ABCD pattern if the .886 fails go long around .886 and don't sweet it if it keeps going south a little bit?
There is an 235 pip difference between the .886 Fib level and the 1.272 level if the real out come is a Bullish ABCD pattern.
  • #344,618
  • Aug 2, 2013 7:54am Aug 2, 2013 7:54am
Quoting inpatient
just woke up and charts are all over the place. Oil shorts grabbed me 4% so im happy. Surprised to see some experienced guys entering trades right now, surely this is just choppy water people? I asked yesterday if anyone seen Albchr or know him in the real world? Not like him to be awol for so long?
Indeed, the daily charts seem to indicate dollar preference across the board. The water is certainly choppy, wouldn't be too discouraged! It's still summer, we need the big guys to give us some stability.
  • #344,619
  • Aug 2, 2013 7:54am Aug 2, 2013 7:54am
entering resistance zone.. gonna watch carefully around this zone... tic toc
not euphoria follower
  • #344,620
  • Aug 2, 2013 7:56am Aug 2, 2013 7:56am
Quoting nAVIN2007
{quote} nothing is a blimp..
Your face certainly is ! Yes there are, I've witnessed them.
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