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Cable Update (GBPUSD)

  • #146,601
  • Jul 15, 2009 2:37pm Jul 15, 2009 2:37pm
simoneg, what part of jamaica do you live in?
  • #146,602
  • Jul 15, 2009 2:43pm Jul 15, 2009 2:43pm
Quoting alex1976
simoneg, what part of jamaica do you live in?
Hey alex, I live in St. Catherine. Where do you live?
Hero Traders Live to see their Accounts Die!
  • #146,603
  • Jul 15, 2009 2:44pm Jul 15, 2009 2:44pm
Simoneg, send me cannabis from Jamaica!!! goooooooood weed!!!
hahahaha!!!

r u keeping Long position?
  • #146,604
  • Jul 15, 2009 2:51pm Jul 15, 2009 2:51pm
Quoting Andre88
Simoneg, send me cannabis from Jamaica!!! goooooooood weed!!!
hahahaha!!!

r u keeping Long position?
Oh no! no can do...yes holding 2 little longs for 1.6540-50.
Hero Traders Live to see their Accounts Die!
  • #146,605
  • Jul 15, 2009 3:04pm Jul 15, 2009 3:04pm
Oh, what a mighty short squeeze, last time stocks moved like this was early March.

We're up for 1.662 and a test of range highs before the weekend.

Happy trading!
  • #146,606
  • Jul 15, 2009 3:04pm Jul 15, 2009 3:04pm
Quoting simoneg
Oh no! no can do...yes holding 2 little longs for 1.6540-50.

I'm selling 6424 ... HOPE U WRONG now lol !!!
  • #146,607
  • Jul 15, 2009 3:07pm Jul 15, 2009 3:07pm
Quoting Andre88
I'm selling 6424 ... HOPE U WRONG now lol !!!
Wish u the same...
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  • #146,608
  • Jul 15, 2009 3:08pm Jul 15, 2009 3:08pm
Quoting ganymedes
Oh, what a mighty short squeeze, last time stocks moved like this was early March.

We're up for 1.662 and a test of range highs before the weekend.

Happy trading!
Hi ganymedes may be very true for 1.6620
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  • #146,609
  • Jul 15, 2009 3:22pm Jul 15, 2009 3:22pm
Quoting simoneg
Hi ganymedes may be very true for 1.6620
almost for sure ....based on daily charts and murray math lines.

JP morgan will likel;y beat estimates tomorrow and we see another massive gain in the indexes lol
Blogging daily now at www.volume.zone
  • #146,610
  • Jul 15, 2009 3:27pm Jul 15, 2009 3:27pm
Quoting malcolmb14
almost for sure ....based on daily charts and murray math lines.

JP morgan will likel;y beat estimates tomorrow and we see another massive gain in the indexes lol
Yes Malcolm, I saw that confirmation on the daily mml chart and the C bounce from the 1.5983 to 1.6379 AB swing should terminate at 1.6625...so will see.
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  • #146,611
  • Jul 15, 2009 3:47pm Jul 15, 2009 3:47pm
Seems like the americans have found a way out of recession and recoup tax dollars spent on bail outs - they're going to increase tax on a pack of cigarettes.

http://news.bbc.co.uk/1/hi/world/americas/8152278.stm
  • #146,612
  • Jul 15, 2009 3:48pm Jul 15, 2009 3:48pm
simoneg, im not currently in a postiton, but i want to hop on board this north train!

Where would be a good point to enter a long>
  • #146,613
  • Jul 15, 2009 3:49pm Jul 15, 2009 3:49pm
Quoting alex1976
simoneg, im not currently in a postiton, but i want to hop on board this north train!

Where would be a good point to enter a long>
I have the daily long entry as being 1.6404 and resistance is at swing high 1.6407, so it may pullback to 1.6404, if continuing up. But it has hit already 1.6407 numerous times, so dont know if it will get back down there.
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  • #146,614
  • Jul 15, 2009 4:08pm Jul 15, 2009 4:08pm
I have NEVER seen it this dead before, I presume it's due to earning Stocks / Index's are getting all of the attention at the moment.

We are vaguely turning down though, be warned, maybe this time tommorow we'd of seen lows ot 1.6400 LOL
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #146,615
  • Jul 15, 2009 4:13pm Jul 15, 2009 4:13pm
Quoting Turveyd
I have NEVER seen it this dead before, I presume it's due to earning Stocks / Index's are getting all of the attention at the moment.

We are vaguely turning down though, be warned, maybe this time tommorow we'd of seen lows ot 1.6400 LOL
nope its heading up, consolidating making the support obvious..tomorrow will be interesting when it hit my secondary target 1.6550..might shock me there

hope u mashing the pips D
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  • #146,616
  • Jul 15, 2009 4:17pm Jul 15, 2009 4:17pm
Quoting nAVIN2007
nope its heading up, consolidating making the support obvious..tomorrow will be interesting when it hit my secondary target 1.6550..might shock me there

hope u mashing the pips D

Well it's had a freak no volume move up, back into the uptrend, certainly not enough momentum to trade off by a long shot though!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #146,617
  • Jul 15, 2009 4:22pm Jul 15, 2009 4:22pm
Quoting Turveyd
Well it's had a freak no volume move up, back into the uptrend, certainly not enough momentum to trade off by a long shot though!!
looks like we flexing up
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  • #146,618
  • Jul 15, 2009 4:26pm Jul 15, 2009 4:26pm
Quoting nAVIN2007
looks like we flexing up

Nah someone got bored of seeing the same number all day, so they bumped it up 12pips and let the tight range continue!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #146,619
  • Jul 15, 2009 4:26pm Jul 15, 2009 4:26pm
Quoting nAVIN2007
looks like we flexing up
Hey Navin long time no see on the forum. Actually for the last month I was just visiting the forum as I am only giving part time to this unpredictable currency market.

As for now you are absolutely right I think she didn't break 1.64 so it likely to move up in the next 8 hours and since there is no UK news tonight so it might continue heading up.....

Good to see you Navin around here....
  • #146,620
  • Jul 15, 2009 4:32pm Jul 15, 2009 4:32pm
I hate to go against the crowd here (not really). My analysis is showing me a nice price exhaustion and macd divergence on the 1 hour bars. price found resis at the 161 exhaustion from the most recent downmove and the 61.8 retrace from the downtrend from 1.75 to 1.6. a perfect convergence, with macd showing a verified divergence. Fundamental show gbp should have some nice selling pressure. I look for price to head south for thursday trading, and possibly throughout the week. I will be looking to enter a short around 1.645-650 and ride this down.

A note, price did break above the 100sma on thr 4 hour which does indicate bullishness, but i dont think it will hold price up.

good luck with your trading
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