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Cable Update (GBPUSD)

  • #35,841
  • Oct 17, 2007 10:11am Oct 17, 2007 10:11am
Quoting winwise
once it touch 20450, i will be with u!!!
I'm not sure it will get there...I hope not!! jeje
  • #35,842
  • Oct 17, 2007 10:13am Oct 17, 2007 10:13am
Quoting cesarnc
Dow Jones is losing its shoes after a +92 start.

Right now fighting support at the 13.9K that was not taken out yesterday.

Losing this level today might put the entire market in tumble mode for the week.
R.I.P 13.9K
  • #35,843
  • Oct 17, 2007 10:19am Oct 17, 2007 10:19am
Quoting cesarnc
R.I.P 13.9K
.
Attached Image
  • #35,844
  • Oct 17, 2007 10:21am Oct 17, 2007 10:21am
Trade what you see, not what you think.
  • #35,845
  • Oct 17, 2007 10:27am Oct 17, 2007 10:27am
I'm sorry for the bulls in the market at this point.

But this is so beautiful...

I open 4 charts and a see a drop, and i know the drama, the huge money moving, the panic, the emotions behind. This is great. Its like watching an Atom Bomb.

Deadly but beautiful.
  • #35,846
  • Oct 17, 2007 10:35am Oct 17, 2007 10:35am
Whatever, whoever says . LONG GU LONG
.
  • #35,847
  • Oct 17, 2007 10:36am Oct 17, 2007 10:36am
Quoting cesarnc
.
.
  • #35,848
  • Oct 17, 2007 10:41am Oct 17, 2007 10:41am
Quoting Warper
I'm sorry for the bulls in the market at this point.

But this is so beautiful...

I open 4 charts and a see a drop, and i know the drama, the huge money moving, the panic, the emotions behind. This is great. Its like watching an Atom Bomb.

Deadly but beautiful.
It's a very technical correction going on. Although strong, of course. So far I don't see the panic as in August.

SO FAR...
  • #35,849
  • Edited 4:35pm Oct 17, 2007 10:53am | Edited 4:35pm
Quoting bullrock
Whatever, whoever says . LONG GU LONG
I have nothing against going long. I was thinking long just like you yesterday around 320, but now that i'm out... i just like to watch madness lol.

I will have to wait until the daily close, then i will see, but for me GU trades are only about Long or Out, until a big reversal is visible.

Quoting cesarnc
So far I don't see the panic as in August.
I know. Many times this drops happen around 8pm - 00am EST too and in the next day in the morning no one notice that it happened.

I just like see the big money punching the market, and imagine that behind that move there are ppl going insane too, because they sell blindly and then it retraces lol.
  • #35,850
  • Oct 17, 2007 11:09am Oct 17, 2007 11:09am
Even with the down move in equities - Cable is still rangebound since 9/28/07.
  • #35,851
  • Oct 17, 2007 11:29am Oct 17, 2007 11:29am


LONG GU LONG

I Deeply Love My Virtual Life In Virtual World , RLC
  • #35,852
  • Oct 17, 2007 11:58am Oct 17, 2007 11:58am
Quoting notme32


LONG GU LONG

Do you think it's a case of cringing in fear of this bull?
Attached Image
  • #35,853
  • Oct 17, 2007 11:58am Oct 17, 2007 11:58am
The GU is in equilibrum since the 3rd week... This is no good for us for greedy, mean, thirsty, hungry FX traders...
.
  • #35,854
  • Oct 17, 2007 12:54pm Oct 17, 2007 12:54pm
Quoting bullrock
The GU is in equilibrum since the 3rd week... This is no good for us for greedy, mean, thirsty, hungry FX traders...

You got that right
Just Trade It
  • #35,855
  • Oct 17, 2007 12:55pm Oct 17, 2007 12:55pm
....and back up it went.....
"Lunch ? Lunch Is For Wimps !"
  • #35,856
  • Oct 17, 2007 12:56pm Oct 17, 2007 12:56pm
But at least it is moving now a bit.. I have added more to my longs so maybe that is what is moving...
.
  • #35,857
  • Oct 17, 2007 12:58pm Oct 17, 2007 12:58pm
Well, then you must have a lot in order to make it move like that Btw, keep moving it....
"Lunch ? Lunch Is For Wimps !"
  • #35,858
  • Oct 17, 2007 1:00pm Oct 17, 2007 1:00pm
Quoting bullrock
But at least it is moving now a bit.. I have added more to my longs so maybe that is what is moving...

FLIP YOUR DAMM MAGIC COIN. FLIP IT, COME ON FLIP IT JUST FLIP IT
Just Trade It
  • #35,859
  • Oct 17, 2007 1:03pm Oct 17, 2007 1:03pm
On the 1HR chart I have a downward support line that I fear it will prevent it from starting a new upward trend...let's see....
"Lunch ? Lunch Is For Wimps !"
  • #35,860
  • Oct 17, 2007 1:10pm Oct 17, 2007 1:10pm
Quoting MrFuture
On the 1HR chart I have a downward support line that I fear it will prevent it from starting a new upward trend...let's see....
I have no such a fear... It will just go up and just up.
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