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Cable Update (GBPUSD)

  • #69,761
  • Jun 10, 2008 5:48am Jun 10, 2008 5:48am
Quoting B@by trader
TQ for yesterday analysis.I really make profit.so what your position now?
i cound't wait so i went all in at 1.9748, t/p 1.9469
If I Go Broke Trying Then I Will die happy.
  • #69,762
  • Jun 10, 2008 5:52am Jun 10, 2008 5:52am
what a pretty drop
If I Go Broke Trying Then I Will die happy.
  • #69,763
  • Jun 10, 2008 5:59am Jun 10, 2008 5:59am
lU.s Trade Balance data later, 12.30pm gmt.

Below this 9550/40 support area mni are touting bids at 9520/10, the already breeched 23.6% 0026-9362 there at 9520, Wkly S1 9514-21.

Then 9500/9490 where a minor 4hr prev swing hi/lo resides at 9501, Dly S4 at 9489 area and Mthly S1 at that 9477-87 area.
ex member
  • #69,764
  • Jun 10, 2008 6:05am Jun 10, 2008 6:05am
enjoy this move today because this will be the last day this week we will see a move like this, rest of the week will be up and down.
If I Go Broke Trying Then I Will die happy.
  • #69,765
  • Jun 10, 2008 6:10am Jun 10, 2008 6:10am
finished my last f***ing exam at last
wat a drop
dollar is kicking ass
everything is falling from commodities to currencies
wat the hell did bernanke say yesterday
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #69,766
  • Jun 10, 2008 6:10am Jun 10, 2008 6:10am
Quoting Moe
enjoy this move today because this will be the last day this week we will see a move like this, rest of the week will be up and down.

i went long twice so i hope your right ...this trend is your right thing i dunno why but i keep getting it wrong..

yes i went long hence why we sinking quick....if i do trade calls i really think u guys should buy them ..just do the opposite and u will be rich like crazy!!
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  • #69,767
  • Jun 10, 2008 6:14am Jun 10, 2008 6:14am
210pips hi-lo now today as cable gets a bounce at extreme of this 9550/40 support zone at the 76.4% fib 9461-9800 - 9541. Intraday outlook remains bearish whilst below 9626 area I guess. U.s trade Bal data due 12.30pm gmt
ex member
  • #69,768
  • Jun 10, 2008 6:15am Jun 10, 2008 6:15am
just went long at 9560
s/l at 9535 t/p 9630
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #69,769
  • Jun 10, 2008 6:17am Jun 10, 2008 6:17am
Quoting nAVIN2007
i went long twice so i hope your right ...this trend is your right thing i dunno why but i keep getting it wrong..

yes i went long hence why we sinking quick....if i do trade calls i really think u guys should buy them ..just do the opposite and u will be rich like crazy!!

There are many trade-able pullbacks in a trend highlighted by osc div/extreme readings with band/channel deviation as just one example of a set-up....you just have to make sure you don't expect a cricket score target if against strong trend, and also that you only act at pre-identified supp/res clusters. Of course if such a set-up extend across the time frames it may signal a depper pullback/reversal particularly if price is extended past Dly R3/S3, Cam H5/L5, it's average daily range.
ex member
  • #69,770
  • Jun 10, 2008 6:19am Jun 10, 2008 6:19am
Quoting bbmac
210pips hi-lo now today as cable gets a bounce at extreme of this 9550/40 support zone at the 76.4% fib 9461-9800 - 9541. Intraday outlook remains bearish whilst below 9626 area I guess. U.s trade Bal data due 12.30pm gmt

trade balance should be better than expected because of weak dollar which means my long might hit the s/l
too bad anyways 213 pips is quite enough for one bearish day with good UK data.

lets see how it plays out.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #69,771
  • Jun 10, 2008 6:23am Jun 10, 2008 6:23am
cut half my trade now im gonna see if 1.9469 can get hit, good luck on those longs, and yes navin i will buy your signal service and just do the opposite of what you do , just kidding bro.
If I Go Broke Trying Then I Will die happy.
  • #69,772
  • Jun 10, 2008 6:25am Jun 10, 2008 6:25am
Quoting Moe
cut half my trade now im gonna see if 1.9469 can get hit, good luck on those longs, and yes navin i will buy your signal service and just do the opposite of what you do , just kidding bro.
hey moe common man
its been 2 weeks since i signed with ur label
where are my gigs
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #69,773
  • Jun 10, 2008 6:27am Jun 10, 2008 6:27am
Its rather frustrating to see e/u and g/u not responding to the positive data. Normally it should go straight up. What is it that is holding it back? Whatever it is , it must be some negative news ahead. Hopefully not.
  • #69,774
  • Jun 10, 2008 6:27am Jun 10, 2008 6:27am
wow oil just shot up lamost 1$
y the hell would it do that????
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #69,775
  • Jun 10, 2008 6:27am Jun 10, 2008 6:27am
Quoting salah k.
hey moe common man
its been 2 weeks since i signed with ur label
where are my gigs
, im trying bro. i will send you on a tour in the middle east and where take it from there.
If I Go Broke Trying Then I Will die happy.
  • #69,776
  • Jun 10, 2008 6:28am Jun 10, 2008 6:28am
Quoting fxcritic
Its rather frustrating to see e/u and g/u not responding to the positive data. Normally it should go straight up. What is it that is holding it back? Whatever it is , it must be some negative news ahead. Hopefully not.
bro easy
look across the board commodities are falling giving dollar strength
thats it
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #69,777
  • Jun 10, 2008 6:29am Jun 10, 2008 6:29am
Check your daily and weekly charts. gbp/usd trading in a nice downward channel. Hit the resistance and and now heading down to 19400 level
  • #69,778
  • Jun 10, 2008 6:30am Jun 10, 2008 6:30am
Quoting fxcritic
Its rather frustrating to see e/u and g/u not responding to the positive data. Normally it should go straight up. What is it that is holding it back? Whatever it is , it must be some negative news ahead. Hopefully not.
if you went by that you will get burn, i seen news so bad for dollar and this pair drop over 200 pips it was dollar strong and i seen gbp news very good and this pair still drop over 200 pips dollar strong again. so no news is good news
If I Go Broke Trying Then I Will die happy.
  • #69,779
  • Jun 10, 2008 6:31am Jun 10, 2008 6:31am
Quoting Moe
, im trying bro. i will send you on a tour in the middle east and where take it from there.

if i get out alive from lebanon
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #69,780
  • Jun 10, 2008 6:33am Jun 10, 2008 6:33am
like i said enjoy this move today, if you miss the boat then thats your fault, becarfull the rest of the week beacuse it will be a up and down week.
If I Go Broke Trying Then I Will die happy.
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