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Cable Update (GBPUSD)

  • #85,381
  • Sep 1, 2008 5:57pm Sep 1, 2008 5:57pm
it's easy why that was so strong move:
SL orders activated, European traders can't cover their positions. Just throw one snowball from the mountain and everything will fall.

What is the best, that it hits exactly weekly pivot and bounce back.
Attached Image (click to enlarge)
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  • #85,382
  • Sep 1, 2008 6:04pm Sep 1, 2008 6:04pm
Took few scalping moves and FINALLY made up what i lost last night from the mistake i made. Now i can actually breath...
  • #85,383
  • Sep 1, 2008 6:05pm Sep 1, 2008 6:05pm
Quoting magictrader
it's easy why that was so strong move:
SL orders activated, European traders can't cover their positions. Just throw one snowball from the mountain and everything will fall.

What is the best, that it hits exactly weekly pivot and bounce back.
that mean, asean traders want to take all the profit from European traders??
  • #85,384
  • Sep 1, 2008 6:14pm Sep 1, 2008 6:14pm
Like in the game . Some European players are not in the game now. It should be interesting what will they do at morning when they see what happened. Will they sell again or buy?
Since week ago there are similar movements during beginnig of Asian session. But this move was the biggest one. Usually Asian sessions was ranging, but not since few days.
  • #85,385
  • Sep 1, 2008 6:16pm Sep 1, 2008 6:16pm
short time again?

enter 1.7940 sl 1.81 tp 1.77
  • #85,386
  • Sep 1, 2008 6:19pm Sep 1, 2008 6:19pm
I am at 7910 and 7925
  • #85,387
  • Sep 1, 2008 6:28pm Sep 1, 2008 6:28pm
Quoting mr.leahy
I am at 7910 and 7925
what is ypur tp an sl?
  • #85,388
  • Sep 1, 2008 6:45pm Sep 1, 2008 6:45pm
took profit of25 pips at 85 o n the short from 7910 holding short from 7925 with s/l at b/e

(sorry response took so long was watching the chart)
  • #85,389
  • Sep 1, 2008 7:04pm Sep 1, 2008 7:04pm
wow thats close moved s/l up to 7965
  • #85,390
  • Sep 1, 2008 7:24pm Sep 1, 2008 7:24pm
Wow, I shorted the guppy at 195 and didn;'t think it would crash so hard. It might be time for a small rebound altho I don't see any buyers biting hard.
  • #85,391
  • Sep 1, 2008 7:25pm Sep 1, 2008 7:25pm
I took a short at 1.7919 tp 1.7890
  • #85,392
  • Sep 1, 2008 7:33pm Sep 1, 2008 7:33pm
I think we are in oversold territory and will waitfor a short entry
  • #85,393
  • Sep 1, 2008 7:39pm Sep 1, 2008 7:39pm
Quoting seesaw
I think we are in oversold territory and will waitfor a short entry
I've been hearing this sh*t since 1.9000...WAKE UP...sells way safer than buys...just an opinion..then again this opinion has made over 500 pips since last week....go figure..."london bridge is falling down"
Helping the philosophically challenged
  • #85,394
  • Sep 1, 2008 7:40pm Sep 1, 2008 7:40pm
Quoting triq03
I've been hearing this sh*t since 1.9000...WAKE UP...sells way safer than buys...just an opinion..then again this opinion has made over 500 pips since last week....go figure..."london bridge is falling down"

Sorry I misread that..I thought you wanted to buy...my bad bro
Helping the philosophically challenged
  • #85,395
  • Sep 1, 2008 7:48pm Sep 1, 2008 7:48pm
added a short at 7919
  • #85,396
  • Sep 1, 2008 7:54pm Sep 1, 2008 7:54pm
Quoting Forextrader4
I took a short at 1.7919 tp 1.7890
Good luck to you.....
  • #85,397
  • Sep 1, 2008 7:55pm Sep 1, 2008 7:55pm
Quoting triq03
Sorry I misread that..I thought you wanted to buy...my bad bro
LOL, it's ok. I don't know when the short is but it might be very soon...
  • #85,398
  • Sep 1, 2008 8:10pm Sep 1, 2008 8:10pm
me being the moron that I am went long right before the hard drop here... I stopped it at -103 pips... whoops but now short and hoping to ride through the week... WHY GO AGAINST TREND? because im trigger happy... aaaaaand because im a noob. I was expecting bad hurricane report.. not good... but i suppose i would much rather lose 103 pips then have stuff a wreck down there again
Lets do this...
  • #85,399
  • Sep 1, 2008 9:00pm Sep 1, 2008 9:00pm
I don't understand..... how far could this possibly go without a significant retracement
  • #85,400
  • Sep 1, 2008 9:10pm Sep 1, 2008 9:10pm
MNI - 9/1/2008 9:48:31 PM

CABLE TECHS: Recovery from $1.7850 viewed as minor correction
RES 3 $1.8173 29 Aug low
RES 2 $1.8083 Hourly chart
RES 1 $1.7984 01 Sep low
CURRENT LEVEL: $1.7930
SUP 1 $1.7850 Intraday low
SUP 2 $1.7801 Daily chart
SUP 3 $1.7731 61.8% r of $1.5611-2.1162
COMMENTARY: While $1.7984/94 (yesterdday`s low 61.8% of $1.8083-1.7850) holds recent decline should resume for re-test of support then $1.7800. But bullish convergences on hourly oscillators to keep price well above $1.7731 (61.8% of $1.5611-2.1162) risk then increases for rebound today or tomorrow.
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