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Cable Update (GBPUSD)

  • #87,321
  • Sep 11, 2008 7:55am Sep 11, 2008 7:55am
please put your seat belts
I recommend you read something else as this sentence is now concluded.
  • #87,322
  • Sep 11, 2008 8:00am Sep 11, 2008 8:00am
Smart recovery,.... the first 15 30 and 1hr candles off the 7447 current intraday lows were bullish engulfing (of candle body) any close above 7515 will see similar for tghe 4hr candle.

Post U.s data Resistance found @ 7589 which is the 61.8% of the fall from 7676 (y/day's hi) to today's current lows at that 7447, with a drop to the broken intraday highs at 7530-40 now currently acting as support (rbs) which is also the area of the 38.2% of the intraday rise off 7447current lows - 7589 current highs.

And they say TA doesn't work lol

G/l.
ex member
  • #87,323
  • Sep 11, 2008 8:01am Sep 11, 2008 8:01am
Quoting Obaidah
please put your seat belts
are we coming in to land or have the thrust injectors jut been primedhttp://www.forexfactory.com/images/icons/icon5.gif
  • #87,324
  • Sep 11, 2008 8:05am Sep 11, 2008 8:05am
Quoting Chris_35
are we coming in to land or have the thrust injectors jut been primedhttp://www.forexfactory.com/images/icons/icon5.gif
as a matter of logic we should be landing by now but the wheels are not working
I recommend you read something else as this sentence is now concluded.
  • #87,325
  • Sep 11, 2008 8:09am Sep 11, 2008 8:09am
9/11/2008 8:45:20 AM - US MARKETS

US MARKETS: Events to commemorate the 9-11 victims will be held at various sites around the country and observances will be conducted by US financial markets according to independently set schedules. At Ground Zero a minute of silence will be observed at 8.46 am EDT and at the times of the other key events of that day. Services will be held there as well as at the Pentagon and in Shanksville PA. NYSE will observe a minute of silence beginning at 9.25 am just ahead of the start of trading.
  • #87,326
  • Sep 11, 2008 8:10am Sep 11, 2008 8:10am
guys.. ready for another long?
  • #87,327
  • Sep 11, 2008 8:19am Sep 11, 2008 8:19am
Quoting mr.m
guys.. ready for another long?
the markets reaction to bad US data isnt signaling a long..if anything a short..already made a triple top, which i suppose can be almost be looked at like head n shoulder sort of formation
  • #87,328
  • Sep 11, 2008 8:21am Sep 11, 2008 8:21am
went short @558 but i wont be hanging on to this if it breaks north.
USD Est Non Mortuus
  • #87,329
  • Sep 11, 2008 8:23am Sep 11, 2008 8:23am
Quoting nAVIN2007
the markets reaction to bad US data isnt signaling a long..if anything a short..already made a triple top, which i suppose can be almost be looked at like head n shoulder sort of formation
i see; well, i guess, now we'll have to wait and see.. goodluck
  • #87,330
  • Sep 11, 2008 8:26am Sep 11, 2008 8:26am
can someone here please explain why everyone seems to be chasing such a volitile market? why not let it settle after the news and show a direction and stop all the chasing?? this is amazing to see from you guys

you do not need to trade all the time or be in a trade all the time, patience and let the market come to you, stop chasing it
Don't chase the market, Let the market come to you
  • #87,331
  • Sep 11, 2008 8:26am Sep 11, 2008 8:26am
Quoting mr.m
i see; well, i guess, now we'll have to wait and see.. goodluck
i enter again and exited b4 the US data...scalped 28 pips...not leaving anything to chance ..
  • #87,332
  • Sep 11, 2008 8:29am Sep 11, 2008 8:29am
i short at 7570
target 7516
  • #87,333
  • Sep 11, 2008 8:30am Sep 11, 2008 8:30am
nAVIN "he who dares wins"

I hope so because am still holding my shorts!!!
  • #87,334
  • Sep 11, 2008 8:32am Sep 11, 2008 8:32am
closed it @ +2 market will give a better entry.. tmac has a good point.
USD Est Non Mortuus
  • #87,335
  • Sep 11, 2008 8:32am Sep 11, 2008 8:32am
Quoting Ritz
i short at 7570
target 7516
http://www.forexfactory.com/images/icons/icon14.gif
  • #87,336
  • Sep 11, 2008 8:33am Sep 11, 2008 8:33am
with volatility comes opportunity.
PIPPED TO THE LINE
  • #87,337
  • Sep 11, 2008 8:34am Sep 11, 2008 8:34am
Quoting trickytrader
with volatility comes opportunity.
Maybe opportunity to loose your shirt. lol
  • #87,338
  • Sep 11, 2008 8:35am Sep 11, 2008 8:35am
Quoting LuckyLurker
closed it @ +2 market will give a better entry.. tmac has a good point.
its prob going South but the dow open kinda iced me. ill wait for another opportunity.. however str is showing divergence so prob a test of 522
USD Est Non Mortuus
  • #87,339
  • Sep 11, 2008 8:38am Sep 11, 2008 8:38am
we definataly is a funny area...but to me id say short is the dirsection, technically i think it suggest this..only the US data is conflicting

i am not in a trade, as it could go up..this is what im seeing.. its super dodgeball!! or what
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  • #87,340
  • Sep 11, 2008 8:39am Sep 11, 2008 8:39am
Quoting trickytrader
with volatility comes opportunity.
with opportunity comes greed...
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