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Cable Update (GBPUSD)

  • #158,641
  • Aug 18, 2009 5:56am Aug 18, 2009 5:56am
hi all was it eur/gbp fall to 0.8570 brought gu here?
  • #158,642
  • Aug 18, 2009 5:57am Aug 18, 2009 5:57am
Quoting wormboy
Won't get me
I surrender guys i am wrong

I dont have any magic software.

But price is going north.
  • #158,643
  • Aug 18, 2009 5:58am Aug 18, 2009 5:58am
if 1H bar close above 1.6468 then we go up to the next resistance.
Am i right?
  • #158,644
  • Aug 18, 2009 5:58am Aug 18, 2009 5:58am
Quoting Geppyg
He has got a magic software that tells him that GS is buying....
Brov...If it goes in his direction ..get ready for the gloating he called heads...lol
OMG!!!....now that I know what tool GS is using to determine order flow...
GS's got nothing on me....
Hear the music before the song is over ...
  • #158,645
  • Aug 18, 2009 5:58am Aug 18, 2009 5:58am
Quoting wormboy
Won't get me
dont worry still not hitted
  • #158,646
  • Aug 18, 2009 5:59am Aug 18, 2009 5:59am
Quoting pakitrader
I surrender guys i am wrong

I dont have any magic software.

But price is going north.
oh come on. it's not about being right or wrong my friend. i just wanted a simple explanation earlier. You've given one, so chill
Thank You
  • #158,647
  • Aug 18, 2009 5:59am Aug 18, 2009 5:59am
.
Attached Image
  • #158,648
  • Aug 18, 2009 6:00am Aug 18, 2009 6:00am
Quoting Faryad
dont worry still not hitted
lol yea, we are living dangerously no?
okay I'm outta here. Dinner time. Catch you guys later. Good luck!
Thank You
  • #158,649
  • Aug 18, 2009 6:02am Aug 18, 2009 6:02am
As long as 1.6490 holds no need to panic people.... My sl is 1.6510, like i said its gonna need a BULL-DOZER to take me out. Have an add short postion at 1.6480.... adjusted from 1.6485.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #158,650
  • Aug 18, 2009 6:04am Aug 18, 2009 6:04am
Quoting Bull_Bear
As long as 1.6490 holds no need to panic people.... My sl is 1.6510, like i said its gonna need a BULL-DOZER to take me out. Have an add short postion at 1.6480.... adjusted from 1.6485.
bb
  • #158,651
  • Aug 18, 2009 6:05am Aug 18, 2009 6:05am
I am sitting here watching in this monitor and have nothing else to do, so one question, a silly one, comes me up. I wonder if all 4800 traders which are curently online wuld put 500 $ each one in sell order, will we bw able to move the market?

Anyone?
I am back. Actually, I never left...
  • #158,652
  • Edited 6:14am Aug 18, 2009 6:06am | Edited 6:14am
Between current highs (which is the 61.8% fib of the 6605-6272 swing) and 6500, there is the 38.2% of the 6832-6272 swing as well as a previous 1hr swing lo=previous support=potential sbr (resistance) zone, and 1hr and 4hr decsnding potential resistance trend lines. Dly R1 and monthly Pivot (calculated pivots) also in vicinity.

G/L.
ex member
  • #158,653
  • Aug 18, 2009 6:13am Aug 18, 2009 6:13am
Closed all my longs now 1.6460 time to short
  • #158,654
  • Aug 18, 2009 6:18am Aug 18, 2009 6:18am
The red arrow points to the potential resistance zone now.

G/L

http://i31.tinypic.com/2l8cbx2.gif
ex member
  • #158,655
  • Aug 18, 2009 6:26am Aug 18, 2009 6:26am
Quoting pakitrader
I surrender guys i am wrong

I dont have any magic software.

But price is going north.
Sorry Brov,

Good Luck peace
Let Price determine your future!
  • #158,656
  • Aug 18, 2009 6:26am Aug 18, 2009 6:26am
Quoting taragula
I am sitting here watching in this monitor and have nothing else to do, so one question, a silly one, comes me up. I wonder if all 4800 traders which are curently online wuld put 500 $ each one in sell order, will we bw able to move the market?

Anyone?
Not At All!
That's $2.4M which is just a little more than the minimum transaction size in interbank dealing systems...that would not move it even a tiny pip.
Hear the music before the song is over ...
  • #158,657
  • Aug 18, 2009 6:33am Aug 18, 2009 6:33am
Quoting GlobalMacro
Not At All!
That's $2.4M which is just a little more than the minimum transaction size in interbank dealing systems...that would not move it even a tiny pip.
Exactly, its a $3 trillion dollar market a day.... $2.4M a pebble drop in the pond, probably would not send out ripples.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #158,658
  • Aug 18, 2009 6:35am Aug 18, 2009 6:35am
Nice regular bearish divergence and band deviation play on 5min at the highs with a pinbar trigger..entry on close on 5min pinbar (6464bid.) Selling pressure needs to clear below 6447, the last 5min swing hi=prev resistance = potential rbs (support) zone. Last fractal swing hi on 1hr is shown on chart above which is where price may then see some support potential rbs/support for a retest of highs.

G/L and bye for now.
Attached Image (click to enlarge)
Click to Enlarge Name: 5min rev c.gif Size: 20 KB
ex member
  • #158,659
  • Aug 18, 2009 6:35am Aug 18, 2009 6:35am
Quoting GlobalMacro
Not At All!
That's $2.4M which is just a little more than the minimum transaction size in interbank dealing systems...that would not move it even a tiny pip.
He meant, that we put half a lot each and that makes 2.5 billion, would that move the market?
  • #158,660
  • Aug 18, 2009 6:36am Aug 18, 2009 6:36am
Quoting wormboy
You mean a reversal? lol I hope so, I'm short!
But it depends on who you ask tho tbh. Ask someone who's long they'll tell you no the reversal will be at 1.8, ask someone who's short they'll tell you it'll reverse right now

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