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Cable Update (GBPUSD)

  • #113,961
  • Jan 22, 2009 9:07am Jan 22, 2009 9:07am
Quoting ntoller
i can honestly say theres no greater feeling of community than amongst those who wear m&s boxers. american ones are a little weird
Must be tough making underpants for the melting pot of the world..

You have to satisfy (if that's the right word) a 100 lb (wet through) vietnamese doctor called phuc dat M.D. and a 300lb african american star football player

We Brits are all poured out of the same mould of course - er hum

Well we are plodding down nicely right now, but they would expect us to think that - then it snaps up 400 pips like vroom

i will be out soon and waiting for something like that to happen

Then stick a small short on and just leave it for a week
  • #113,962
  • Jan 22, 2009 9:13am Jan 22, 2009 9:13am
Quoting jay9170
Agree with that W formation and target.
I agree with this too up to 400-4100 area before diving hard. Im long now short SL though
  • #113,963
  • Jan 22, 2009 9:14am Jan 22, 2009 9:14am
Quoting jay9170
Agree with that W formation and target.
But the reversal must be happening now, isn't it?
  • #113,964
  • Jan 22, 2009 9:20am Jan 22, 2009 9:20am
i see this making a new low today
  • #113,965
  • Jan 22, 2009 9:22am Jan 22, 2009 9:22am
Quoting nAVIN2007
i see this making a new low today
I hope not mate im long but id be surprised if we dont see a new low tomorrow though. As long as the news in the morning is bad enough that is
  • #113,966
  • Jan 22, 2009 9:27am Jan 22, 2009 9:27am
Quoting nAVIN2007
i see this making a new low today

I'm waiting for affirmative PA at the bottom of the channel I posted earlier. Hoping to coincide with yesterday's low for a double bottom formation...
  • #113,967
  • Jan 22, 2009 9:27am Jan 22, 2009 9:27am
Quoting PipLand
I hope not mate im long but id be surprised if we dont see a new low tomorrow though. As long as the news in the morning is bad enough that is
same here bro...i just wish this would go back in a uptrend..i cant wait to ride this puppy up!

cause i might have to wait a decade if lucky
  • #113,968
  • Jan 22, 2009 9:29am Jan 22, 2009 9:29am
Quoting nAVIN2007
same here bro...i just wish this would go back in a uptrend..i cant wait to ride this puppy up!

cause i might have to wait a decade if lucky
hold on i think were here!!
  • #113,969
  • Jan 22, 2009 9:31am Jan 22, 2009 9:31am
Quoting Techmanff
But the reversal must be happening now, isn't it?
doesnt look likely mate... everytime it goes up 10 pips.. there is selling to force it down... once it breaks 1.37... it will free fall to the 1.35 or even 1.34 area...
  • #113,970
  • Jan 22, 2009 9:31am Jan 22, 2009 9:31am
Quoting Vourvoul
I'm waiting for affirmative PA at the bottom of the channel I posted earlier. Hoping to coincide with yesterday's low for a double bottom formation...
theres a lot of selling presure the P.A on 15 minute hasnt produced a candle to suggest the upward movement will last...in my view
  • #113,971
  • Jan 22, 2009 9:32am Jan 22, 2009 9:32am
Quoting blurrcow
doesnt look likely mate... everytime it goes up 10 pips.. there is selling to force it down... once it breaks 1.37... it will free fall to the 1.35 or even 1.34 area...
So, magic 3680 on a watch again?
  • #113,972
  • Jan 22, 2009 9:34am Jan 22, 2009 9:34am
Quoting nAVIN2007
theres a lot of selling presure the P.A on 15 minute hasnt produced a candle to suggest the upward movement will last...in my view
Yeah not looking great at the moment but its still holding for now anyway
  • #113,973
  • Jan 22, 2009 9:35am Jan 22, 2009 9:35am
DOW down 190 points and taking euro and cable with it

cable isnt an island
  • #113,974
  • Jan 22, 2009 9:35am Jan 22, 2009 9:35am
Quoting nAVIN2007
theres a lot of selling presure the P.A on 15 minute hasnt produced a candle to suggest the upward movement will last...in my view

True bro, my thinking was that yesterday's immediate bounce off the low would imply plenty of buyers in that area.

Will try with small position and see how it plays out.
  • #113,975
  • Jan 22, 2009 9:37am Jan 22, 2009 9:37am
Quoting allserene
DOW down 190 points and taking euro and cable with it

cable isnt an island
Just digging in the trenches like everyone else!
  • #113,976
  • Jan 22, 2009 9:38am Jan 22, 2009 9:38am
Quoting allserene
DOW down 190 points and taking euro and cable with it

cable isnt an island
I am flicking from my share dealing screen to cable and it's marching up and down pip for point exactly
  • #113,977
  • Jan 22, 2009 9:38am Jan 22, 2009 9:38am
im targeting 1.3590
  • #113,978
  • Jan 22, 2009 9:38am Jan 22, 2009 9:38am
Quoting allserene
I am flicking from my share dealing screen to cable and it's marching up and down pip for point exactly
Any sign of equities rising?
  • #113,979
  • Jan 22, 2009 9:40am Jan 22, 2009 9:40am
be very careful because from 1.2680 it will go straight to north
  • #113,980
  • Jan 22, 2009 9:43am Jan 22, 2009 9:43am
Quoting Vourvoul
True bro, my thinking was that yesterday's immediate bounce off the low would imply plenty of buyers in that area.

Will try with small position and see how it plays out.
yes if theres a area to buy this is it gonna do one or the other...
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