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Cable Update (GBPUSD)

  • #159,061
  • Aug 19, 2009 2:07am Aug 19, 2009 2:07am
BEER Money

http://www.forexfactory.com/showpost...stcount=159009
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #159,062
  • Aug 19, 2009 2:09am Aug 19, 2009 2:09am
Quoting lexazver
something is scarrying the markets perhaps some rumour flying around or what not. yields are down (meaning bond (safety) prices up) commodity currencies like CAD and AUD are plumetting, something is up.
Chinese equities have gone into a technical bear market, defined by a 20% drop in the equity index from recent highs, which has occurred since the start of August. Understandably, this has knocked investor sentiment.
  • #159,063
  • Aug 19, 2009 2:14am Aug 19, 2009 2:14am
Quoting Bull_Bear
BEER Money

http://www.forexfactory.com/showpost...stcount=159009
show me da .............................
Hear the music before the song is over ...
  • #159,064
  • Aug 19, 2009 2:15am Aug 19, 2009 2:15am
Quoting gammase1
Chinese equities have gone into a technical bear market, defined by a 20% drop in the equity index from recent highs, which has occurred since the start of August. Understandably, this has knocked investor sentiment.
Gam man, you still taking to 1.6200 bro. Time to take the bitch back...
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #159,065
  • Aug 19, 2009 2:17am Aug 19, 2009 2:17am
BEER Money

well done BB I am usually the worlds greatest beer fan, but am not up to it at the moment. Its the winners drink.

In wine there is truth.
In beer there is freedom.
In water there is bactera.

I hope some how this helps...
  • #159,066
  • Aug 19, 2009 2:19am Aug 19, 2009 2:19am
need a major dive

anyone knows websites for news ? live!!
Lets Soar The Sky
  • #159,067
  • Aug 19, 2009 2:23am Aug 19, 2009 2:23am
Hi Guys. Had a pending order at 1.66000 after watching the screen all evening yesterday. My grand total = A BIG FAT ZERO. What a nightmare.
You've got to be IN IT to WIN IT!
  • #159,068
  • Aug 19, 2009 2:25am Aug 19, 2009 2:25am
Quoting Bull_Bear
Gam man, you still taking to 1.6200 bro. Time to take the bitch back...
Hey BB!

6200 would be sweet revenge for what she done to me yesterday! but i'd settle for 6345, then 6260-70 area should provide some support, after which your beautiful target of 6200 would be in sight!
  • #159,069
  • Aug 19, 2009 2:26am Aug 19, 2009 2:26am
Quoting Bull_Bear
Gam man, you still taking to 1.6200 bro. Time to take the bitch back...
wat is the next support level buddy ????
  • #159,070
  • Aug 19, 2009 2:36am Aug 19, 2009 2:36am
on my chart is 6437, 6393, expecting a bounce around there

still waiting for that 3rd wave up... but 97pips so far is good

downside momentum quite large atm

pretty sweet ride for me so far
Lets Soar The Sky
  • #159,071
  • Aug 19, 2009 2:39am Aug 19, 2009 2:39am
Quoting GlobalMacro
show me da .............................
Time to take back GM
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #159,072
  • Aug 19, 2009 2:41am Aug 19, 2009 2:41am
Quoting soartosky
on my chart is 6437, 6393, expecting a bounce around there

still waiting for that 3rd wave up... but 97pips so far is good

downside momentum quite large atm

pretty sweet ride for me so far
further weakness in equities as the day progresses should provide some strong momentum for a push to the downside.
  • #159,073
  • Edited 2:59am Aug 19, 2009 2:52am | Edited 2:59am
The current 6272 lows are at the Daily t/f ascending potential support trend line that coincided with the 61.8% of the 5797-7044 swing up. From this 61.8% fib down to 6212 there are 4 further fibs, namely 23.6% of both 3505 (current yrly lo) and 3642 to 7044, and the 76.4% of both 5980 and 6031 rise to 7044. in this 6272-6212 area ia also a previous 4hr swing lo=previous support=potential support zone.

G/L

http://i30.tinypic.com/2h6hi6p.gif
ex member
  • #159,074
  • Aug 19, 2009 2:56am Aug 19, 2009 2:56am
Quoting GlobalMacro
hi gamma...975 gives in ES...those equity guys gonna have a rude awakening today...

mind to explain 975 and ES? sorry i only trade charts, dont have any experience with other markets


struggling to break my MS1
Lets Soar The Sky
  • #159,075
  • Aug 19, 2009 2:56am Aug 19, 2009 2:56am
The 1hr chart below shows the near-term potential support/resistance on this 1hr t/f. The bottom zone is co-existant with a previous swing lo=previous support=potential support (ie previous obvious imbalance of demand over supply) on the 4hr t/f also.

I will be looking for hi-probability trading opportunities on the sub 30min triggers at these levels and particularly where a confluence of tech reasons exists to enter the market.

G/L

http://i30.tinypic.com/2mg8riv.gif
ex member
  • #159,076
  • Aug 19, 2009 2:59am Aug 19, 2009 2:59am
Quoting UncleSam123
I would hold on to shorts until the MPC Meeting Minutes news comes out at 4:30AM New York Time. Previous numbers came out all positive. Chances are for numbers to come out positive again. But which way it will drag the market to, this is the question.
...
  • #159,077
  • Aug 19, 2009 3:02am Aug 19, 2009 3:02am
Quoting soartosky
mind to explain 975 and ES? sorry i only trade charts, dont have any experience with other markets
I was referring to stock futures...@ 975 is monday low broken...they're trading already heavily sold in pre-market open...

hope this helps...
Hear the music before the song is over ...
  • #159,078
  • Aug 19, 2009 3:05am Aug 19, 2009 3:05am
does MPC Meeting Minutes affects the market?
  • #159,079
  • Aug 19, 2009 3:05am Aug 19, 2009 3:05am
bbmac, thanks for those charts, that's really good analysis.
  • #159,080
  • Aug 19, 2009 3:07am Aug 19, 2009 3:07am
Quoting navhin
does MPC Meeting Minutes affects the market?
Yes it does...
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