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Cable Update (GBPUSD)

  • #164,881
  • Sep 10, 2009 8:19pm Sep 10, 2009 8:19pm
nAVIN and Wormie? You guys sleeping I take it?

Tonight is QUIET!
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #164,882
  • Sep 10, 2009 8:35pm Sep 10, 2009 8:35pm
looks like most are still bearish cable. next resistance at 1.6664. am still keen on a short but will long after 1.6690.
  • #164,883
  • Sep 10, 2009 8:48pm Sep 10, 2009 8:48pm
even though the market has moved north for sometime now, the price pattern looks bullish again, on a break of 6684 we go to 6741 first.

I closed my long position early this morning, but one could get long again here with a tight stop. or wait for breakout.

Regardless we are at precarious levels of resistance at the moment, so market could tank at any of these levels.

however based on my trading system, Im still long in my view for the very short term, at least the next 12 hours or so.
  • #164,884
  • Sep 10, 2009 9:00pm Sep 10, 2009 9:00pm
no idea.. we have a good support at 1.6640. look like she going up.. who knows if 1.6670 is a powerful resistance. maybe need a booster news to climb up..
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #164,885
  • Sep 10, 2009 9:10pm Sep 10, 2009 9:10pm
cable try to hit yesterday high now
strong support at 1.6640 +40pips just in 10mnit
  • #164,886
  • Sep 10, 2009 9:22pm Sep 10, 2009 9:22pm
I'm now long, holding since 1.66817 on long term, over-week too if goes towards 1.70.

Got stopped with the short.
"Hate the sin, love the sinner." - Gandhi
  • #164,887
  • Sep 10, 2009 9:44pm Sep 10, 2009 9:44pm
The hottie moved to the level 6700 and I'm still slapping here ass higher
"Hate the sin, love the sinner." - Gandhi
  • #164,888
  • Sep 10, 2009 10:05pm Sep 10, 2009 10:05pm
Quoting TheGabriel
The hottie moved to the level 6700 and I'm still slapping here ass higher
it's going up more comfortably now, if the economic data's come nice then there should be no problem for her to jump up til the 6780's..
  • #164,889
  • Sep 10, 2009 10:05pm Sep 10, 2009 10:05pm
Looking a lot like short time now. Theres no way we finish this high on the week, and especially since we would be closing a shaved head on the week. Shorting this bitch down to American open!

Go Bears!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #164,890
  • Sep 10, 2009 10:06pm Sep 10, 2009 10:06pm
not happy, yet not worried about her move north. She will be coming back down to me! (hopefully!) Hedged a bit with a long E/U position, already closed....

edit: YES SHORT this BITCH!
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #164,891
  • Sep 10, 2009 10:10pm Sep 10, 2009 10:10pm
Quoting Forty
it's going up more comfortably now, if the economic data's come nice then there should be no problem for her to jump up til the 6780's..
China's data are good, it should have bearish impact on usd, monthly chart also pointing up strong for the Gbp/Usd. Cad is getting stronger and this means more bearish impact on usd. Aud/Nzd and Aud/Usd pointing up.
I'm expecting 6740 at least.
"Hate the sin, love the sinner." - Gandhi
  • #164,892
  • Sep 10, 2009 10:17pm Sep 10, 2009 10:17pm
Quoting TheGabriel
The hottie moved to the level 6700 and I'm still slapping here ass higher

hit target 1.68 and we going down...
  • #164,893
  • Sep 10, 2009 10:18pm Sep 10, 2009 10:18pm
Quoting Yngwie
no idea.. we have a good support at 1.6640. look like she going up.. who knows if 1.6670 is a powerful resistance. maybe need a booster news to climb up..
we might not see 1.7 today.. price potentially going down to 1.66xx after reach 1.67xx
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #164,894
  • Sep 10, 2009 10:23pm Sep 10, 2009 10:23pm
Down as down trend or retracement? If it hits 680 and manages to close above it I don't see why it would go down.

I agree that is overbought zone but corrections will help to boost it further.

Edit: 1.680, i think you're just saying that because of Fibonacci, right?
"Hate the sin, love the sinner." - Gandhi
  • #164,895
  • Sep 10, 2009 10:24pm Sep 10, 2009 10:24pm
Quoting Yngwie
we might not see 1.7 today.. price potentially going down to 1.66xx after reach 1.67xx
Yes 1.7 is more optimistic and God's gift than realistic for this week.
"Hate the sin, love the sinner." - Gandhi
  • #164,896
  • Sep 10, 2009 10:27pm Sep 10, 2009 10:27pm
Quoting mrfxbaling
hit target 1.68 and we going down...
coming down!! where shall we land..
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #164,897
  • Sep 10, 2009 10:31pm Sep 10, 2009 10:31pm
i know this is not the right thread but i was wondering if someone else may be looking at the euro/cad an if you can tell me if that is a head an shoulders on the daily just trying to get better a setup's
  • #164,898
  • Sep 10, 2009 10:41pm Sep 10, 2009 10:41pm
I am drawing Baseline @ 1.6666, just effin because, and well, because thats my long line on the m5 chart. From there, I expect another run @ top by the Yanks, before settling 20-40 pips off top and a gap down for the weekend.

Now, I am only looking @ another 100 or so pips to close off a fantastic week, so not gunna be playing all that, just gunna grab the cash, take Friday off and drink a few weekend beers, wait for direction for next week.

Am currently sitting -27 on 4 lots short GU, 2 lots short on EU, and will add if we spike again.

GO Bears GO!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #164,899
  • Sep 10, 2009 10:41pm Sep 10, 2009 10:41pm
only wait hit 1.6745 touch upper trendline.......play save ....
  • #164,900
  • Sep 10, 2009 10:49pm Sep 10, 2009 10:49pm
Quoting Yngwie
we might not see 1.7 today.. price potentially going down to 1.66xx after reach 1.67xx
Camarilla H3 1.6706 giving Bear a chance?? Good price to try short with small stoploss..Let see..
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
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