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Cable Update (GBPUSD)

  • #83,221
  • Aug 20, 2008 10:24am Aug 20, 2008 10:24am
Intraday now turns into a range as 1hr rangy conditions continue too...1hr range extends 8512-8722 with a potential double bottom at 8536-39 within that range, ..however this is looking less likely to be confirmed with a break of 1hr range top, ..after the intradaty sell off from resistance shown in post above.

The chart below shows how the intraday swing lowsmade during asian session coincided with p;revious 1hr swing lows to act as resistance (sbr) on a retest of that 9635-40 area.

Hope everyone had a good day, bye 4 now.
Attached Image (click to enlarge)
Click to Enlarge Name: ff.gif Size: 14 KB
ex member
  • #83,222
  • Aug 20, 2008 10:34am Aug 20, 2008 10:34am
Brave range trader required to try and ride the range up - against the trend.


Applicants will be drug tested to see where they get the good stuff
  • #83,223
  • Aug 20, 2008 11:05am Aug 20, 2008 11:05am
the problem with the long is ...US news seem to keep comin in better.driving the price down again....i think this week is the start of a reversal.hoping for a doji on weekly and i think we going to get one
  • #83,224
  • Aug 20, 2008 11:09am Aug 20, 2008 11:09am
Triangle on the 1hr. ??
I know where I am----I just don't know where I'm going!
  • #83,225
  • Aug 20, 2008 11:28am Aug 20, 2008 11:28am
Quoting capt. ok
Triangle on the 1hr. ??
down i think ..
  • #83,226
  • Aug 20, 2008 11:31am Aug 20, 2008 11:31am
Hi Everybody,

My wife had a dream and saw cable at 170000. Now she wants me to short cable and take a six months vacation. Somebody help
  • #83,227
  • Aug 20, 2008 11:34am Aug 20, 2008 11:34am
Quoting trustGod1234
Hi Everybody,

My wife had a dream and saw cable at 170000. Now she wants me to short cable and take a six months vacation. Somebody help
Then i think you have a "real" wife and you should listen to what she say
  • #83,228
  • Aug 20, 2008 11:39am Aug 20, 2008 11:39am
Quoting trustGod1234
Hi Everybody,

My wife had a dream and saw cable at 170000. Now she wants me to short cable and take a six months vacation. Somebody help


i tell u something she might be right ..
  • #83,229
  • Aug 20, 2008 11:40am Aug 20, 2008 11:40am
Quoting nAVIN2007
i tell u something she might be right ..
hehehe
  • #83,230
  • Aug 20, 2008 11:56am Aug 20, 2008 11:56am
Quoting trustGod1234
Hi Everybody,

My wife had a dream and saw cable at 170000. Now she wants me to short cable and take a six months vacation. Somebody help

If it hits 1.700 (likely in next couple of months) I'd say sir you got yourself an awesome wife.

My wife on the other hand has dreams about Bahamas, French Polynesia and how I suprised her with a vacation. Never anything to bring money in but rather hand it out. LOL

Im hoping and praying my wife has a dream like urs ... not likely though ... :-(
  • #83,231
  • Aug 20, 2008 11:57am Aug 20, 2008 11:57am
any1 long here?...dailly chart is confusing as hell ...looks like a bullush pin yesterday but i dont trust long at all ..the UK news is negative

u guys thinking more down?
  • #83,232
  • Aug 20, 2008 12:04pm Aug 20, 2008 12:04pm
Quoting nAVIN2007
any1 long here?...dailly chart is confusing as hell ...looks like a bullush pin yesterday but i dont trust long at all ..the UK news is negative

u guys thinking more down?
i have reasons to believe its going alot deeper, alot.
  • #83,233
  • Aug 20, 2008 12:06pm Aug 20, 2008 12:06pm
Quoting nAVIN2007
any1 long here?...dailly chart is confusing as hell ...looks like a bullush pin yesterday but i dont trust long at all ..the UK news is negative

u guys thinking more down?

Been short since 1.8625. Not sure how far down she will go today. Might only touch 1.855x today before pulling back up
Just digging in the trenches like everyone else!
  • #83,234
  • Aug 20, 2008 12:09pm Aug 20, 2008 12:09pm
Quoting nAVIN2007
any1 long here?...dailly chart is confusing as hell ...looks like a bullush pin yesterday but i dont trust long at all ..the UK news is negative

u guys thinking more down?

.. i am thinking more down, plus remember tmrw we have a lot of data EUR UK data , so that will have huge impact on GBR and EUR
  • #83,235
  • Aug 20, 2008 12:16pm Aug 20, 2008 12:16pm
Quoting eohater
Been short since 1.8625. Not sure how far down she will go today. Might only touch 1.855x today before pulling back up
nice entry..if it breaks this bottom ...u will be sweet...
  • #83,236
  • Aug 20, 2008 12:21pm Aug 20, 2008 12:21pm
Quoting nAVIN2007
nice entry..if it breaks this bottom ...u will be sweet...
Thanks, the better entry I had last night during the Asian session at 1.8666 was nice. I rode her ass all the way down to 1.8566. Dumbass me was afraid to go long with a tight SL when I closed that position out. But, I grabbed the 1.8625 seat for another ride. We'll see how she plays out, she might bounce back up to 1.861x area and descend again from there.
Just digging in the trenches like everyone else!
  • #83,237
  • Aug 20, 2008 12:24pm Aug 20, 2008 12:24pm
Quoting nAVIN2007
the problem with the long is ...US news seem to keep comin in better.driving the price down again....i think this week is the start of a reversal.hoping for a doji on weekly and i think we going to get one
Just got wife's toyota camry serviced at the main Toyota agency

New oil change and supply/fit filter and check and adjust everything - $30 total including tax

That is embarrassingly cheap

They would have charged me £75 in england for my vauxhall Astra at the main agent and probably come up with some bogus non-warranty repairs on top

With input prices like that, the US is bound to bounce back

I arrived here with 10 bob and a pickled egg and i feel like a billionaire

In my wad I trust
  • #83,238
  • Aug 20, 2008 12:28pm Aug 20, 2008 12:28pm
Quoting eohater
Thanks, the better entry I had last night during the Asian session at 1.8666 was nice. I rode her ass all the way down to 1.8566. Dumbass me was afraid to go long with a tight SL when I closed that position out. But, I grabbed the 1.8625 seat for another ride. We'll see how she plays out, she might bounce back up to 1.861x area and descend again from there.
so what do u think eohater is it down down....its so unpredictable..whats happen to the markets
  • #83,239
  • Aug 20, 2008 12:31pm Aug 20, 2008 12:31pm
I found this...the reason to long. Stop loss if breached the trendline.
Attached Image (click to enlarge)
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  • #83,240
  • Aug 20, 2008 12:33pm Aug 20, 2008 12:33pm
HI,

I am new to this place and I need some help. I am a scalper playing on 1/5/15/30 min charts. Right now i am looking at 5min chart and see the uptrend. If it brakes below 8575 then we can see 8540.... what do you think guys? sorry cannot post chart yet
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