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Cable Update (GBPUSD)

  • #40,741
  • Nov 23, 2007 3:45am Nov 23, 2007 3:45am
Quoting Qu|cksilver
common cesarnc... DOWN Cable DOWN!!
What is a realistic first support level from here 2.055 @M1 or 2.505@S2?
  • #40,742
  • Nov 23, 2007 3:46am Nov 23, 2007 3:46am
what is that means? can u explain.. i do not know how to read all the charts!
  • #40,743
  • Nov 23, 2007 3:47am Nov 23, 2007 3:47am
i guess that is the end of the fall.... cant break 600....
  • #40,744
  • Nov 23, 2007 3:49am Nov 23, 2007 3:49am
why you think it is made of steel?

  • #40,745
  • Nov 23, 2007 3:50am Nov 23, 2007 3:50am
hehe... not really... but seems like a physcological level.. and euro also stable again...can be wrong though...
  • #40,746
  • Nov 23, 2007 3:51am Nov 23, 2007 3:51am
if cable break 2.0547 it will go to 2.0476 ...
  • #40,747
  • Nov 23, 2007 3:52am Nov 23, 2007 3:52am
Quoting bhesania
i guess that is the end of the fall.... cant break 600....
Look at the chart... its broken. Just need to see where will be the next 4hr candle.
Attached Image (click to enlarge)
Click to Enlarge Name: 4hr.gif Size: 12 KB
"Invest With The Insiders, Not The Masses" George Muzea
  • #40,748
  • Nov 23, 2007 3:53am Nov 23, 2007 3:53am
Quoting bhesania
hehe... not really... but seems like a physcological level.. and euro also stable again...can be wrong though...
for how long you think?
  • #40,749
  • Nov 23, 2007 3:55am Nov 23, 2007 3:55am
This thread is back in business.
"Invest With The Insiders, Not The Masses" George Muzea
  • #40,750
  • Nov 23, 2007 3:59am Nov 23, 2007 3:59am
Hello QC now its safe to short ?
Thanks
  • #40,751
  • Nov 23, 2007 4:01am Nov 23, 2007 4:01am
ya its back in business for sure....but cables not goin down...
  • #40,752
  • Nov 23, 2007 4:01am Nov 23, 2007 4:01am
Quoting juliekhan
Hello QC now its safe to short ?
Thanks
From my view, its not safe. Sell from the top.
Just wait the next 4hr candle to touch the resistance line and quickly sell from there.

Trade at your own risk.
"Invest With The Insiders, Not The Masses" George Muzea
  • #40,753
  • Nov 23, 2007 4:05am Nov 23, 2007 4:05am
Quoting Qu|cksilver
From my view, its not safe. Sell from the top.
Just wait the next 4hr candle to touch the resistance line and quickly sell from there.

Trade at your own risk.

But depends on your stoploss. If say.. 50-80 pips stoploss then you can short now. Incase cable will drop hardly without touching the resistance line.

Trade at your own risk
"Invest With The Insiders, Not The Masses" George Muzea
  • #40,754
  • Nov 23, 2007 4:06am Nov 23, 2007 4:06am
[quote=Qu|cksilver;1727307]From my view, its not safe. Sell from the top.
Just wait the next 4hr candle to touch the resistance line and quickly sell from there
Thanks
  • #40,755
  • Nov 23, 2007 4:26am Nov 23, 2007 4:26am
down baby down
  • #40,756
  • Nov 23, 2007 4:26am Nov 23, 2007 4:26am
goodbye blue skies
  • #40,757
  • Nov 23, 2007 4:31am Nov 23, 2007 4:31am
0540 turns the weekly candle bearish. Gonna be tough. But there is likely a good amount of scared-ass stoplosses right there...

We want them
  • #40,758
  • Nov 23, 2007 4:36am Nov 23, 2007 4:36am
up..down..up..downnnn please....
  • #40,759
  • Nov 23, 2007 4:42am Nov 23, 2007 4:42am
GJ right at the neckline in the weekly. If it goes, I'm watching 210 as target...

Somebody please shoot the parachutes? Thanks.
  • #40,760
  • Nov 23, 2007 4:45am Nov 23, 2007 4:45am
Cable weekly pivot 2.0586 and USDIX have resistance @ 75.23
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