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Cable Update (GBPUSD)

  • #157,061
  • Aug 12, 2009 2:28am Aug 12, 2009 2:28am
Quoting pakitrader
STOP HUNT ONLY
Erm. Look on daily...(or up the page).

extra info:I wouldn't mind aiming for the high of yesterdays doji with this 50% runningi. Different matter if it breaks the daily, but that rejection for 25 pips in 1minute proves bulls are in.
  • #157,062
  • Aug 12, 2009 2:34am Aug 12, 2009 2:34am
Be carefull. Turbulence from 08:30 to 09:30 GMT. Important FA in that time. Forget emotion about bear and especially about bull. Those who has not a deep pocket, catch your pips and get out. I'm waiting for more clear sky to enter. Today will be a very active day because of very different FA on the afternoon (especially FOMC). I think that today will be the confirmation of bear or the real reveral up again to 1.7000.

Good trading for all.
If you resist at heart attack, you will be rich from trading.
  • #157,063
  • Aug 12, 2009 2:35am Aug 12, 2009 2:35am
Quoting GlobalMacro
Ifty, I personally am long biased right now...I'm trading macro-style and wouldn't necessarily recommend my style of trading unless of course you can handle the drawdowns before reaping the rewards....
Point taken buddy. I am not as experienced as you and so will try to stick to my charts. Keep up the great work GM.
You've got to be IN IT to WIN IT!
  • #157,064
  • Aug 12, 2009 2:35am Aug 12, 2009 2:35am
Quoting pakitrader
STOP HUNT ONLY
Mate...please dont take this the wrong way but why worry about something that, even if it were true, you cannot control or influence? Why not simply read PRICE and let it guide you?

As I posted earlier, it broke the 6479 support, broke through minor support at 6418 before bouncing off the 6400 level. The next thing to lok at, from my perspective is to see whether minor 6418 support becomes res and more importantly if 6479 major MM Pivot support become res. If it does, then the next support level comes into play and the downside continues. I have posted a chart to support my analysis.
Attached Image (click to enlarge)
Click to Enlarge Name: cable chart 4.gif Size: 27 KB
  • #157,065
  • Aug 12, 2009 2:39am Aug 12, 2009 2:39am
Another nice short at 16432 if taken.

Just posting because a friend has been short for a while, they are quite convinced that this might go down during the news. Especially due to the broken inside bar which indicates a down move to bust the daily trendline.
  • #157,066
  • Aug 12, 2009 2:48am Aug 12, 2009 2:48am
In about 40 minutes 3 GBP news coming out. Previous numbers were all positive. I wonder whats its going to show us.
  • #157,067
  • Aug 12, 2009 2:54am Aug 12, 2009 2:54am
flag! flag! flag!
Thank You
  • #157,068
  • Aug 12, 2009 2:56am Aug 12, 2009 2:56am
dragon's the showstopper yesterday & today tho.
Thank You
  • #157,069
  • Aug 12, 2009 2:56am Aug 12, 2009 2:56am
Quoting wormboy
flag! flag! flag!
WHERE :|
  • #157,070
  • Aug 12, 2009 2:59am Aug 12, 2009 2:59am
Quoting KillPhil08
I think i rememvber 16385 being an important number...
61.8 fib from the move up from 1.597x to 1.70xx
(sorry, can't see exact price labels on my chart)
Cable is my sugardaddy
  • #157,071
  • Aug 12, 2009 3:05am Aug 12, 2009 3:05am
WB GRASHID
  • #157,072
  • Aug 12, 2009 3:07am Aug 12, 2009 3:07am
Quoting Faryad
WB GRASHID
lol you know what I meant
Thank You
  • #157,073
  • Aug 12, 2009 3:07am Aug 12, 2009 3:07am
Quoting GlobalMacro
Morning Crew,

I'm currently flat, now looking for my favorite business of accumulating longs on the approach of 1.6450
OK Crew...I'm now cruising w/ my long buddies @ AvgPrc of 1.6424...
Attached Image
Hear the music before the song is over ...
  • #157,074
  • Aug 12, 2009 3:09am Aug 12, 2009 3:09am
Quoting bohogirl
61.8 fib from the move up from 1.597x to 1.70xx
(sorry, can't see exact price labels on my chart)
also 38.2 fib on weekly
Thank You
  • #157,075
  • Aug 12, 2009 3:10am Aug 12, 2009 3:10am
Quoting bohogirl
61.8 fib from the move up from 1.597x to 1.70xx
(sorry, can't see exact price labels on my chart)
This is what i'm refering too. Doubt it'll reach since trendline clearly wants it to go up. To the highs of the doji I say!! (hope 16440 breaks).

And yes, 61% is 16382 . nice shout.
Attached Image (click to enlarge)
Click to Enlarge Name: 16385.jpg Size: 103 KB
  • #157,076
  • Aug 12, 2009 3:12am Aug 12, 2009 3:12am
Quoting GlobalMacro
OK Crew...I'm now cruising w/ my long buddies @ AvgPrc of 1.6424...
gm I have no doubt you know what you're doing but just be careful with loading up further bro
Thank You
  • #157,077
  • Edited 3:18am Aug 12, 2009 3:14am | Edited 3:18am
Cable has found support at today's current intraday lows -the 61.8% fib of the 5980-7044 rise/daily t/f ascending support trend line - area of Daily S2 pivot and Weekly S2 vicinity.

Below here and there exists a previous 4hr price pivot (previous swing lo=previous support=potential support zone) @ 6361-6337 and 6303-6261. Between 6279 and 6212 is a 5 fib cluster, nameley 6279-61.8% 5797-7044, 6270-76.4% 6031-7044, 6248-23.6% 3642-7044, 6233-76.4% 5980-7044, 6212-23.6% 3505-7044 (current yrly lo-hi.)

The next price pivot on the daily t/f is a previous swing lo=previous support=potential support zone that extends 6041-5974, and above this @ 6094 is the 76.4% fib of the 5797-7044 rise.

G/L
ex member
  • #157,078
  • Aug 12, 2009 3:18am Aug 12, 2009 3:18am
And we are waiting for a big bum up, or down.
I am back. Actually, I never left...
  • #157,079
  • Aug 12, 2009 3:21am Aug 12, 2009 3:21am
am shorting cable now ( 1.644x )
will add another short at 1.650x ( if cable afford to go there )

why..??
it's not bout da news at all..it's all bout da Big Guys is trying to get more when selling from higher level ..

Wish Me Luck..
(^_^)
spirit 0f pipping
  • #157,080
  • Aug 12, 2009 3:24am Aug 12, 2009 3:24am
Quoting w4rrenminded
am shorting cable now ( 1.644x )
will add another short at 1.650x ( if cable afford to go there )

why..??
it's not bout da news at all..it's all bout da Big Guys is trying to get more when selling from higher level ..

Wish Me Luck..
(^_^)
Be careful with shorts now. News coming out in 6-7 minutes.
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