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Cable Update (GBPUSD)

  • #86,461
  • Sep 8, 2008 11:44am Sep 8, 2008 11:44am
welcome to 1.7250
  • #86,462
  • Sep 8, 2008 11:48am Sep 8, 2008 11:48am
Quoting deboooo2005
welcome to 1.7250

Not yet, double bottom on the 4hr, back up we go and higher this time.

  • #86,463
  • Sep 8, 2008 11:51am Sep 8, 2008 11:51am
Sell From Bounce between 1.7580 to 1.7600 ...first target 1.7433
  • #86,464
  • Sep 8, 2008 11:52am Sep 8, 2008 11:52am
Quoting AmeriTrini
Not yet, double bottom on the 4hr, back up we go and higher this time.

Attached Image (click to enlarge)
Click to Enlarge Name: picturebmp.JPG Size: 94 KB
  • #86,465
  • Sep 8, 2008 11:57am Sep 8, 2008 11:57am
MNI - 9/8/2008 8:44:38 AM - CABLE - Pausing for breath is US trade after the wide.

CABLE: Pausing for breath is US trade after the wide swings seen in Asia and Europe making for a 400-point range on the day.

Cable has managed to regain the $1.76 handle after sliding to lows for the day ahead of the US open at $1.7566 little now seen on the topside in light of the exaggerated moves though MNI Techs do highlight retracement levels of the day`s fall at $1.7722 and $1.7771.

Bids on the downside noted around last week`s lows at $1.7540/35.
  • #86,466
  • Sep 8, 2008 12:00pm Sep 8, 2008 12:00pm
i short from few minutes @1.571 and now sl +1 pip ... get target or hit sl
  • #86,467
  • Sep 8, 2008 12:07pm Sep 8, 2008 12:07pm
here we go again ......
  • #86,468
  • Sep 8, 2008 12:09pm Sep 8, 2008 12:09pm
MNI - 9/8/2008 12:43:14 PM - CABLE - Techs from Stone and McCarthy`s Michael......

While seemingly supportive sentiment/oscillator readings and Friday`s completion of a large measured move (the Nov `07 - Jan `08 down-move measured from the Mar `08 top) support the case for shorts to reduce exposure the bearish grip won`t loosen until settlement above the exponential 9-DMA (currently smoothing things lower at $1.7918).

Resistance
$1.8168 50% of the 08/21H - 09/08L
$1.8020 38.2% of the 08/21H - 09/08L
$1.7921/1.7974 Exp. 9-DMA 09/08 high

Current Level: $1.7538
$1.7532 09/08 low
$1.7481 bottom Bollinger band
Support $1.7253 Apr `06 corrective bottom
  • #86,469
  • Sep 8, 2008 12:19pm Sep 8, 2008 12:19pm
Blimey the quids going dahn again.
  • #86,470
  • Sep 8, 2008 12:26pm Sep 8, 2008 12:26pm
Quoting nAVIN2007
here we go again ......
LOL Cable go down the holllllllllllleeeeeeeeeee.
Don't Get Bitter, Get Better
  • #86,471
  • Sep 8, 2008 12:27pm Sep 8, 2008 12:27pm
Quoting deboooo2005
i short from few minutes @1.571 and now sl +1 pip ... get target or hit sl

did you see AmeriTrini & nAVIN2007 now i closed my short 85 pips profit
  • #86,472
  • Sep 8, 2008 12:28pm Sep 8, 2008 12:28pm
Apparently the big boys want to show us that yes indeed they can move this pair 500 pips in one session!! Will it be the japanese job to provide the retracement??
  • #86,473
  • Sep 8, 2008 12:36pm Sep 8, 2008 12:36pm
Quoting deboooo2005
did you see AmeriTrini & nAVIN2007 now i closed my short 85 pips profit
yeah i seen it ......thx the lord i didnt go long...
im out of my comfort zone completely, im basically lost in this market...the support are just speed reducers..we definately going to hell
  • #86,474
  • Sep 8, 2008 12:36pm Sep 8, 2008 12:36pm
Drew this Chart up about four days ago. Its the first chart Ive posted. My thoughts are that I really like the formation of the h & S with a couple of support lines (supporting each other) And I dont know any reason for cable to fall way beyond the levels it was at in 2006 only that the $ took a pounding and now mabe its catch up time. IMO anyways. Please feel free to shoot me down in flames.http://www.forexfactory.com/images/icons/icon7.gif[IMG]file:///C:/DOCUME%7E1/Owner/LOCALS%7E1/Temp/moz-screenshot.jpg[/IMG]
  • #86,475
  • Sep 8, 2008 12:46pm Sep 8, 2008 12:46pm
Sorry , but I will sort this chart out in a bit .Dont know why its not showinghttp://www.forexfactory.com/images/icons/icon11.gif
  • #86,476
  • Sep 8, 2008 12:48pm Sep 8, 2008 12:48pm
Quoting sERDAr
Get prepared for 1.74xx in 1-2 days...
hello 1.74xx ..
  • #86,477
  • Sep 8, 2008 12:55pm Sep 8, 2008 12:55pm
Good evening from the good old U.K.
Time to take the gloves off, and go long and strong. Set your stops 100 points above your entry. Keep your eye on the ball.
  • #86,478
  • Sep 8, 2008 1:01pm Sep 8, 2008 1:01pm
Here it is
Attached Image (click to enlarge)
Click to Enlarge Name: My Chart.PNG Size: 67 KB
  • #86,479
  • Sep 8, 2008 1:02pm Sep 8, 2008 1:02pm
Quoting penycae
Good evening from the good old U.K.
Time to take the gloves off, and go long and strong. Set your stops 100 points above your entry. Keep your eye on the ball.
maybe
Attached Image (click to enlarge)
Click to Enlarge Name: picturebmp.JPG Size: 103 KB
  • #86,480
  • Sep 8, 2008 1:05pm Sep 8, 2008 1:05pm
sorry im not good at catching reversals...i will go with the flow.. less stress more pips...

Quoting penycae
Good evening from the good old U.K.
Time to take the gloves off, and go long and strong. Set your stops 100 points above your entry. Keep your eye on the ball.
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