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Cable Update (GBPUSD)

  • #91,521
  • Oct 14, 2008 2:24am Oct 14, 2008 2:24am
Getting better and better
  • #91,522
  • Oct 14, 2008 2:26am Oct 14, 2008 2:26am
That ws a quick 25.Out now.Need things to cool down.To crazy for me
  • #91,523
  • Oct 14, 2008 2:30am Oct 14, 2008 2:30am
Quoting gagakrimba
Where is this baby going?
North or South?
My vote for north.....
  • #91,524
  • Oct 14, 2008 2:31am Oct 14, 2008 2:31am
dam and here was my 475..and i wasn't in it
480 was a local support, it should become resistance now and continue south, PLUS it just hit the 50 EMA....can you say BOUNCE boys and girls?

Besides, it needs to "re-hit" it's most recent low of 413, at which time it should cross the 200SMA more strongly.

ofcourse....i could be completely wrong too
  • #91,525
  • Oct 14, 2008 2:34am Oct 14, 2008 2:34am
Just enterd long @ 1.9570
  • #91,526
  • Oct 14, 2008 2:37am Oct 14, 2008 2:37am
Here my sight at a rate. The price has punched a line of resistance and has gone upwards where has rested against a line of resistance of a cloud, it is necessary to expect deviation to a line downwards. MACD on a maximum but if the price will pass through a cloud can go further upwards, therefore if to put sale to use stop loss
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  • #91,527
  • Oct 14, 2008 2:38am Oct 14, 2008 2:38am
Quoting gagakrimba
Just enterd long @ 1.9570
1.9570
  • #91,528
  • Oct 14, 2008 2:51am Oct 14, 2008 2:51am
My position is long @ 1.7473 with a larger than usual s/l because I believe that the trend on this baby is up. I am not setting a t/p but will let her ride and look in again in about 8 hours. At the week-end I must get myself a new phone so that I can keep tabs on her during the day. Have a good days pipping to you all.
  • #91,529
  • Oct 14, 2008 2:52am Oct 14, 2008 2:52am
Quoting Chris_35
1.9570
typo error....1.7470
  • #91,530
  • Oct 14, 2008 2:55am Oct 14, 2008 2:55am
We are at 38 fib area.On 1 hr i see this as retrace for now.Will cotinue up or new move down will see.
  • #91,531
  • Oct 14, 2008 2:56am Oct 14, 2008 2:56am
On 1 hr we had bearish divergence.It needs to end for up
  • #91,532
  • Oct 14, 2008 3:03am Oct 14, 2008 3:03am
spinning-top followed by impending hanging-man on H4, also resistance at 7566, so overall I'm bearish today but big news in 30 minutes. we'll have to wait to see if the hanging-man materialises, maybe it's just a noose-necklace at the moment.
TRADE FOR SWAP
  • #91,533
  • Oct 14, 2008 3:14am Oct 14, 2008 3:14am
Quoting micho
cause she is high and ready to fly

possible first target 1.7545
main resistance 1.7503

that doesnt mean that we will go there today or tomorrow... but it will itch to reach there :nerd:
When life gives you lemons, make lemonade
  • #91,534
  • Oct 14, 2008 3:16am Oct 14, 2008 3:16am
if 1.7552 breaks we go to 1.7588
When life gives you lemons, make lemonade
  • #91,535
  • Oct 14, 2008 3:30am Oct 14, 2008 3:30am
dont short yet... we still go up according to my chartsssssss
When life gives you lemons, make lemonade
  • #91,536
  • Oct 14, 2008 3:36am Oct 14, 2008 3:36am
"Everywhere I look is south
everywhere I look is south
If I could clear my vision now, I could hear you nice and loud Everywhere I look is south"

Umphrey's McGee - Uncommon
TRADE FOR SWAP
  • #91,537
  • Oct 14, 2008 3:37am Oct 14, 2008 3:37am
i still say we are still going upp
When life gives you lemons, make lemonade
  • #91,538
  • Oct 14, 2008 3:39am Oct 14, 2008 3:39am
Quoting cgldsmth
"Everywhere I look is south
everywhere I look is south
If I could clear my vision now, I could hear you nice and loud Everywhere I look is south"

Umphrey's McGee - Uncommon
its not supposed to go south until it touches 1.7588
When life gives you lemons, make lemonade
  • #91,539
  • Oct 14, 2008 3:52am Oct 14, 2008 3:52am
MNI Cable: Fundamental levels (orders, options, technicals)
$1.7640/50 Strong offers
$1.7620/25 Medium offers
$1.7600/10 Minor offers
$1.7580 Minor offers
$1.7560 Stops
$1.750/55 Medium offers/$1.7555 Int.Day high (Asia)
$1.7530 ***Current market rate 0818GMT Tuesday
$1.7500 Minor demand on approach
$1.7480/70 Medium demand
$1.7450 Medium demand
$1.7410/00 Medium demand
Trading is 80% Emotional, 20% Technical
  • #91,540
  • Oct 14, 2008 4:04am Oct 14, 2008 4:04am
now it should go touch the 1.7588 in case she wants to go downnnnnnnnn
When life gives you lemons, make lemonade
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