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Cable Update (GBPUSD)

  • #121,741
  • Feb 19, 2009 3:27am Feb 19, 2009 3:27am
Quoting sbhaumik
what are u all thinking now? still short or sl hit? please don't be quiet.

I have sell stop at 4380
  • #121,742
  • Feb 19, 2009 3:27am Feb 19, 2009 3:27am
Quoting ezodisy
anyone else have 14438 as the 38.2% of the down move from just under 1.50?
mine was 144.15 where it stopped exactly.
  • #121,743
  • Feb 19, 2009 3:29am Feb 19, 2009 3:29am
I am still short but only because I used tiny lots on this occasion because it appeared doubtful. Will close it out at some point however.
  • #121,744
  • Feb 19, 2009 3:35am Feb 19, 2009 3:35am
To those who shorted circa 1.4400, good job!



Your shorts are now looking golden!
  • #121,745
  • Feb 19, 2009 3:35am Feb 19, 2009 3:35am
Ready for bus to south
  • #121,746
  • Feb 19, 2009 3:37am Feb 19, 2009 3:37am
Quoting daffy
jack.canadia, I know you peek at the USDX charts, what's your take on them right now? GBPX appears to be at resistance, but USDX seems to want to go to the next resistance level.

Taking the GBP current resistance level, and the level I think USDX is travelling to, that puts a target of 1.440
First of all, FINALLY some selling. I hate drawdown.

We topped at the daily R2 and 61.8 of 4590/4090. The fib projection of this is 1.3785! As I said, there is some notable divergence on MACD on higher time frames for the USDX and G/U. I would rule out 1.4000 ... In fact I'm targeting some of my lots there. GBPX I do not have access to.

Long term, I am bearish for the USDX. I would like to see an attempt to double top at the previous high, and thus this would form a triple top. That coupled with the beginnings of a weekly bearish divergence boads well for GBP longs down the road.

For now, Im bearish G/U since I'm short lol
  • #121,747
  • Feb 19, 2009 3:38am Feb 19, 2009 3:38am
Quoting NuckingFuts
inverted shampoo
  • #121,748
  • Feb 19, 2009 3:38am Feb 19, 2009 3:38am
Quoting popisdead
this is not ordinary BULL,
His just drank RED BULL..very fierce and strong!
http://tbn1.google.com/images?q=tbn:...07/redbull.jpg

pop
http://tbn1.google.com/images?q=tbn:...AR%2420RED.jpg emmm..where is my bear??
{Promotion Removed}
  • #121,749
  • Feb 19, 2009 3:39am Feb 19, 2009 3:39am
Quoting ezodisy
I am still short but only because I used tiny lots on this occasion because it appeared doubtful. Will close it out at some point however.
I wouldnt doubt some substantial institutional supply in the 4400/20 area. Also, eur/gbp rallied off of a support level and I have noted decent correlation recently with G/U. I can see some short targets into the 42's.
  • #121,750
  • Feb 19, 2009 3:41am Feb 19, 2009 3:41am
Quoting Myman
Ready for bus to south
Quite tempting. Say hi to them when u reach pls; still wondering to travel or not after my green pips.
  • #121,751
  • Feb 19, 2009 3:42am Feb 19, 2009 3:42am
Will this baby do much between now and the NY open
  • #121,752
  • Feb 19, 2009 3:44am Feb 19, 2009 3:44am
Still haven't hit the R3 @ 1.4419....
then ride it south.

Or was 1.4416 close enough?
  • #121,753
  • Feb 19, 2009 3:44am Feb 19, 2009 3:44am
Quoting popisdead
this is not ordinary BULL,
His just drank RED BULL..very fierce and strong!
http://tbn1.google.com/images?q=tbn:...07/redbull.jpg

pop
http://tbn1.google.com/images?q=tbn:...AR%2420RED.jpg emmm..where is my bear??
{Promotion Removed}
  • #121,754
  • Feb 19, 2009 3:47am Feb 19, 2009 3:47am
Quoting fourxtrader
Still haven't hit the R3 @ 1.4419....
then ride it south.

Or was 1.4416 close enough?
I have R2 at 4411 and a 61.8 fib @ 4409.
  • #121,755
  • Feb 19, 2009 3:48am Feb 19, 2009 3:48am
1.4360 (circa M4) tested twice, both bouncing back up.

That is the intermediate support need to be broken for a shot back down to 1.4300 or so.
  • #121,756
  • Feb 19, 2009 3:52am Feb 19, 2009 3:52am
Quoting popisdead
http://tbn1.google.com/images?q=tbn:...AR%2420RED.jpg emmm..where is my bear??
Pop... how do you find EA? ok ke
  • #121,757
  • Feb 19, 2009 3:53am Feb 19, 2009 3:53am
Quoting popisdead
this is not ordinary BULL,
His just drank RED BULL..very fierce and strong!
http://tbn1.google.com/images?q=tbn:...07/redbull.jpg

pop
sorry guys..double posting..
this server..make me crazy!

pop
{Promotion Removed}
  • #121,758
  • Feb 19, 2009 3:57am Feb 19, 2009 3:57am
down and down . . .hup hup
  • #121,759
  • Feb 19, 2009 3:59am Feb 19, 2009 3:59am
You missed something folks.

We finally filled the gap from the weekend.
If it's too good to be true, it probably is.
  • #121,760
  • Feb 19, 2009 4:01am Feb 19, 2009 4:01am
Quoting uut
down and down . . .hup hup
YES
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