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Cable Update (GBPUSD)

  • #138,161
  • Jun 18, 2009 12:19pm Jun 18, 2009 12:19pm
After a few can of red bull, the bull is charging again...
Great Bodies are Engineered not Born
  • #138,162
  • Jun 18, 2009 12:21pm Jun 18, 2009 12:21pm
Quoting RichLadyFX
After a few can of red bull, the bull is charging again...
I hope the sugar and caffeine and cocaine busts its dorsal aorta and we go to 1.62 before my sprinklers come on
  • #138,163
  • Jun 18, 2009 12:27pm Jun 18, 2009 12:27pm
Quoting wormboy
Me & my big mouth.
That's it, I'm outta here.
So are you now thinking that we may break the upper trend line on this next cycle? It got close yesterday....the bull's batteries getting charged up again?
Avoiding poverty, one pip at a time.
  • #138,164
  • Jun 18, 2009 12:27pm Jun 18, 2009 12:27pm
geithner in a few minutes right?
  • #138,165
  • Jun 18, 2009 12:29pm Jun 18, 2009 12:29pm
Quoting allserene
I hope the sugar and caffeine and cocaine busts its dorsal aorta and we go to 1.62 before my sprinklers come on
Bull does not go to 1.62, bear does. Haven't seen any in the last few hours. Maybe later in the day.
Great Bodies are Engineered not Born
  • #138,166
  • Jun 18, 2009 12:32pm Jun 18, 2009 12:32pm
Quoting jack.canadia
geithner in a few minutes right?
His presentation to the House Financial Services Committee just got canceled because of floor votes.

Besides, no one believes what he says anyway!
Avoiding poverty, one pip at a time.
  • #138,167
  • Jun 18, 2009 12:36pm Jun 18, 2009 12:36pm
Quoting northpeak
His presentation to the House Financial Services Committee just got canceled because of floor votes.

Besides, no one believes what he says anyway!
Is that so? Meaning the bull run continues?
Great Bodies are Engineered not Born
  • #138,168
  • Jun 18, 2009 12:36pm Jun 18, 2009 12:36pm
Quoting northpeak
His presentation to the House Financial Services Committee just got canceled because of floor votes.

Besides, no one believes what he says anyway!
Well thats fun ... may be this markup can be sold off now.
  • #138,169
  • Jun 18, 2009 12:37pm Jun 18, 2009 12:37pm
I don't think it will break through 1.6400... the 1.6385-95 resistance looks very strong..

I will short from 1.6370...

What do you think?
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  • #138,170
  • Jun 18, 2009 12:38pm Jun 18, 2009 12:38pm
i guess market will bearish soon as usd declared positive on fundamental and good friday is nearby..!!
Play it HarD*
  • #138,171
  • Jun 18, 2009 12:39pm Jun 18, 2009 12:39pm
Main thing to be watching today is the stock market.
  • #138,172
  • Jun 18, 2009 12:41pm Jun 18, 2009 12:41pm
For any of u that read my methods about pivots and 1-2-3 patterns, i mentioned about pivot movements and how they target one another..

London session was textbook .. M3 to M1
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  • #138,173
  • Jun 18, 2009 12:41pm Jun 18, 2009 12:41pm
jeez it's up and down like a bride's nighty

think I will get a coffee and an oat biscuit and watch the fun

I turn to the 30 second chart if I want to exercise my heart
  • #138,174
  • Jun 18, 2009 12:42pm Jun 18, 2009 12:42pm
Quoting onios32
i guess market will bearish soon as usd declared positive on fundamental and good friday is nearby..!!
where was it declared positive?
  • #138,175
  • Jun 18, 2009 12:45pm Jun 18, 2009 12:45pm
Hey guys
How are you all? Hope trading going good............ I was away from trading for sometimes..............Tomorrow going to be a Quadruple Witching day so can expect unpredictable movements .........

http://www.investopedia.com/terms/q/...lewitching.asp
BANDA333
  • #138,176
  • Jun 18, 2009 12:47pm Jun 18, 2009 12:47pm
How do you know they all expire tomorrow?

Should make for some fun trading and quick scalping!
  • #138,177
  • Jun 18, 2009 12:47pm Jun 18, 2009 12:47pm
Quoting BANDA
Hey guys
How are you all? Hope trading going good............ I was away from trading for sometimes..............Tomorrow going to be a Quadruple Witching day so can expect unpredictable movements .........

http://www.investopedia.com/terms/q/...lewitching.asp
http://www.streetauthority.com/terms...e-witching.asp

theres some more
  • #138,178
  • Jun 18, 2009 12:50pm Jun 18, 2009 12:50pm
Ok so then .. if there is alot of unwinding of the big money positions in futures, stocks etc tomorrow .. after such a bullish move in stocks and against the USD .. could we then assume there will be a nice sell off into a downtrend for the summer . .. followed by a continuation bounce later??
  • #138,179
  • Jun 18, 2009 12:51pm Jun 18, 2009 12:51pm
Looking at GU weekly .. it clearly has room to tumble .. this may be a catalyst for a retest of 1.50/53 before resuming the upward trend again???

Thoughts
  • #138,180
  • Jun 18, 2009 12:55pm Jun 18, 2009 12:55pm
There used to be quadruple witching at the Bradford singles club every Sunday night

Fridays are a no-no day for me as it suddenly goes quiet and you cant recover your position before getting stuck with a weekend position

'Something for the weekend' doesnt include a cable position - that would be crazy stuff right now
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