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Cable Update (GBPUSD)

  • #156,961
  • Aug 11, 2009 10:27am Aug 11, 2009 10:27am
Quoting wormboy
his two timing girlfriend. she's been sleeping with me from 162.57
LOL wormboy
  • #156,962
  • Aug 11, 2009 10:31am Aug 11, 2009 10:31am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Yup, both GU@64300 and EU@14100 are controlled. Seems the suppport is set for these two. Major movement needs to happen to drag them below here.

Despite dow gone mental and selling at 120 points below these babies are intact from last 20 hrs. That's called rock solid support!!

EDIT: Intact from last 24 hrs !!!





Quoting direct-trade
I see something here...somebody "big" is buying, but just controlling price by keeping it under 16500 so as not to let the horse bolt so to speak.

Now they could keep accumulating like this for a while, or let it drop below today's low to pick up a few bargins...and run a few stops whilst at it. I doubt the stop hunt though, too much at risk if they can't control the fall.

I saw it on the tick chart and it was enough for me to enter Long.

Could be a dummy move to trap bulls, not sure until it plays out.

Holding long at 16480, SL below...
  • #156,963
  • Aug 11, 2009 10:39am Aug 11, 2009 10:39am
Speaking of the apostrophe police etc

My 40 year old son can't spell either and he is proud of it

He emailed me to say his girlfriend had called him an imberseal

I sent him this:

(I am learning American at the moment and he helps me a 'hole bunch')

Attached Image
  • #156,964
  • Aug 11, 2009 10:43am Aug 11, 2009 10:43am
Quoting ams
Yup, both GU@64300 and EU@14100 are controlled. Seems the suppport is set for these two. Major movement needs to happen to drag them below here.

Despite dow gone mental and selling at 120 points below these babies are intact from last 20 hrs. That's called rock solid support!!
I dont like it....this could spike either way to take out the other side. I am mildly bullish just looking at the PA, but don't know how far it will rise.

Definitely being bought by a bloody large bank/s...depends if they what to keep their positions for long.

Watching the 15/30 min to see if this channel from NY/LDN cross holds ATM.
  • #156,965
  • Aug 11, 2009 10:43am Aug 11, 2009 10:43am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Gossip !!!!!


I think it's the central bank....

After reaching 170 in a week, and coming down 600 pips too quickly isn't healthy for the govt.. specially when it's incrisis already.

They need to sell guilts and someone needs to buy them by converting their local currency to sterling. Like US dollar, if the value of sterling goes down too much it's bad for the central bank/ guilt buyers and he/they would negotiate unwritten terms for buying




Quoting ams
Yup, both GU@64300 and EU@14100 are controlled. Seems the suppport is set for these two. Major movement needs to happen to drag them below here.

Despite dow gone mental and selling at 120 points below these babies are intact from last 20 hrs. That's called rock solid support!!

EDIT: Intact from last 24 hrs !!!
  • #156,966
  • Aug 11, 2009 10:45am Aug 11, 2009 10:45am
Quoting GlobalMacro
Morning All,

The momentum of the bear move of the last several days seems to be subsiding. Overall bullish tendencies still exist; as such I started to slowly build up my long position around 1.6450 level and will add as long as major supports remain intact.
Alright guys and gals.......I'm closing my longs and booking profits here around the figure for a decent profit...
Attached Image
Hear the music before the song is over ...
  • #156,967
  • Aug 11, 2009 10:47am Aug 11, 2009 10:47am
Quoting allserene
Speaking of the apostrophe police etc

My 40 year old son can't spell either and he is proud of it

He emailed me to say his girlfriend had called him an imberseal

I sent him this:

(I am learning American at the moment and he helps me a 'hole bunch')

Attachment

hahah imberseal,
  • #156,968
  • Aug 11, 2009 10:50am Aug 11, 2009 10:50am
Entry by the Bank of Uganda
  • #156,969
  • Aug 11, 2009 10:53am Aug 11, 2009 10:53am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Charts says breakout to happen not before tomorrow....

Definitely someone doesn't want them below this before tomorrow.

Who knows these suckers might go back up again if IR is not increased or any hope is not provided by the fed.







Quoting direct-trade
I dont like it....this could spike either way to take out the other side. I am mildly bullish just looking at the PA, but don't know how far it will rise.

Definitely being bought by a bloody large bank/s...depends if they what to keep their positions for long.

Watching the 15/30 min to see if this channel from NY/LDN cross holds ATM.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU110809.GIF Size: 42 KB
Click to Enlarge Name: EU110809.GIF Size: 51 KB
  • #156,970
  • Aug 11, 2009 10:54am Aug 11, 2009 10:54am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
What's the source?



Quoting pakitrader
Entry by the Bank of Uganda
  • #156,971
  • Aug 11, 2009 10:59am Aug 11, 2009 10:59am
Quoting ams
What's the source?

What's the source?




Quote:
Originally Posted by pakitrader http://cloud.forexfactory.com/images...s/viewpost.gif
Entry by the Bank of Uganda


http://www.fiery-foods.com/index.php...998&Itemid=126
  • #156,972
  • Aug 11, 2009 11:01am Aug 11, 2009 11:01am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts


Quoting allserene
What's the source?




Quote:
Originally Posted by pakitrader http://cloud.forexfactory.com/images...s/viewpost.gif
Entry by the Bank of Uganda


http://www.fiery-foods.com/index.php...998&Itemid=126
  • #156,973
  • Aug 11, 2009 11:01am Aug 11, 2009 11:01am
I am betting on it stooging around 1.65 until tomorrow ......

the DOW is minus 95 but holding
  • #156,974
  • Aug 11, 2009 11:06am Aug 11, 2009 11:06am
Bank of Uganda even dont have much money to move the market.
I was just making a guess
  • #156,975
  • Aug 11, 2009 11:09am Aug 11, 2009 11:09am
this is my reason for going long....

the dollar index have reach 261%
Attached Image (click to enlarge)
Click to Enlarge Name: 4.gif Size: 17 KB
Verily, in every difficulties there is relief
  • #156,976
  • Aug 11, 2009 11:59am Aug 11, 2009 11:59am
Cable moving sideways...and all of us think that there's not gonna be much action today... What do you think about Euro going down for a couple of pips??
  • #156,977
  • Aug 11, 2009 12:13pm Aug 11, 2009 12:13pm
Sideway for GU. Triangle on 1 mn chart was after 3/4 of its long. No real move for that pattern.
EU is between 76,4% and 61,8% Fib 5mn chart and has already made double buttom. Be careful. All the market trying to find direction. Waiting for market makers what will they do.
If you resist at heart attack, you will be rich from trading.
  • #156,978
  • Aug 11, 2009 12:22pm Aug 11, 2009 12:22pm
I took entry but i am really scared about stop hunting. The big boys do really. Why should not we hunt them someday hope they will feel the pain the way we feel.
  • #156,979
  • Aug 11, 2009 12:26pm Aug 11, 2009 12:26pm
Big boys dont make any big move without hunting stop so becareful guys. We should prepare for it. Dont put your stop if u want to cut the trade do market order.

Let them find our stop which is not there bcoz we are now smarter then them we liquidate on market. Lol
  • #156,980
  • Aug 11, 2009 2:23pm Aug 11, 2009 2:23pm
If you are "scared" about anything, then your position is probably 2-3 times larger than it should be.
There's always money in the banana stand.
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