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Cable Update (GBPUSD)

  • #159,421
  • Aug 19, 2009 5:40pm Aug 19, 2009 5:40pm
Quoting Pyramus
Bulls coming...
Good Morning guys! just woke up and surprised to see all my long positions from 1.3680 all in green now closing them and waiting for a little bounce before going short.
  • #159,422
  • Aug 19, 2009 5:45pm Aug 19, 2009 5:45pm
Hi all pls tell what u think
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  • #159,423
  • Aug 19, 2009 5:48pm Aug 19, 2009 5:48pm
Update:
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  • #159,424
  • Aug 19, 2009 6:07pm Aug 19, 2009 6:07pm
Quoting Pyramus
Good Morning guys! just woke up and surprised to see all my long positions from 1.3680 all in green now closing them and waiting for a little bounce before going short.
Wow, that's some nap. 11th March I think you must have dropped off. Shame you missed the begining of August, it was just shy of 1.70 http://www.forexfactory.com/images/icons/icon12.gif
  • #159,425
  • Aug 19, 2009 6:24pm Aug 19, 2009 6:24pm
Support Resistance GBPUSD

1,6607 - 1,664 - 1,6678 - 1,6711 - 1,675

1,6535

1,6504 - 1,646 - 1,6419 - 1,6402 - 1,6348

http://forexforums.dailyfx.com/attac...1&d=1250724126

-------------

support resistance
  • #159,426
  • Aug 19, 2009 7:05pm Aug 19, 2009 7:05pm
My two cents.
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  • #159,427
  • Aug 19, 2009 7:52pm Aug 19, 2009 7:52pm
Heck so I read all you guys' charts and they all say strongly up

I feel a bit glum about my shorts being 180 degrees wrong

I flick back to my account and cable is falling and my shorts are doing nicely

I can't be the only one who is right surely ?

Only joking - 1.6500 could be the launch pad for the up channel

there again....
  • #159,428
  • Aug 19, 2009 7:54pm Aug 19, 2009 7:54pm
looks like another bearish engulfing & another double top. 6300 again? lol
Thank You
  • #159,429
  • Aug 19, 2009 7:58pm Aug 19, 2009 7:58pm
Quoting allserene
Heck so I read all you guys' charts and they all say strongly up

I feel a bit glum about my shorts being 180 degrees wrong

I flick back to my account and cable is falling and my shorts are doing nicely

I can't be the only one who is right surely ?

Only joking - 1.6500 could be the launch pad for the up channel

there again....
not mine alan. mine says updownupdownupdown ---------> http://www.forexfactory.com/showpost...stcount=159316

lol
Thank You
  • #159,430
  • Aug 19, 2009 8:08pm Aug 19, 2009 8:08pm
Quoting wormboy
looks like another bearish engulfing & another double top. 6300 again? lol
Nah it's a skitzy epi fit with an overhanging dodgy-psycho underlying ping pong direction pattern as discovered by Prof R. Fuldja

That isn't in the books yet

Fear stalks the streets so allserene (contra plays are us ) gets a chance to make some Timothy Taylor loot
  • #159,431
  • Aug 19, 2009 8:11pm Aug 19, 2009 8:11pm
now what always happens when we see a candle like that on the 15 min ?

yes we get more

(usually)

are we talking 64 ?

praps not
  • #159,432
  • Aug 19, 2009 8:15pm Aug 19, 2009 8:15pm
Quoting wormboy
looks like another bearish engulfing & another double top. 6300 again? lol

Yeah Wormboy, its looks like yesterday.

People are so predictable! Lol
  • #159,433
  • Aug 19, 2009 8:16pm Aug 19, 2009 8:16pm
ok so if the gu was so bullish today how comes we could not even test the highs of yesterday ?

this in itself is bearish .I bet those retail figures out of the UK tonight not as good as expected

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Blogging daily now at www.volume.zone
  • #159,434
  • Aug 19, 2009 8:18pm Aug 19, 2009 8:18pm
Hi Guy's I'm already short from 1.6534 my TP is 1.6435 I expect this to move up from there.
  • #159,435
  • Aug 19, 2009 8:22pm Aug 19, 2009 8:22pm
Quoting allserene
Nah it's a skitzy epi fit with an overhanging dodgy-psycho underlying ping pong direction pattern as discovered by Prof R. Fuldja

That isn't in the books yet

Fear stalks the streets so allserene (contra plays are us ) gets a chance to make some Timothy Taylor loot
lol okay chief. think i'll join the hissy fit underhung ping pong balls direction and sell anyway, don't want to be late for the party
Thank You
  • #159,436
  • Aug 19, 2009 8:23pm Aug 19, 2009 8:23pm
Quoting Pyramus
Hi Guy's I'm already short from 1.6534 my TP is 1.6435 I expect this to move up from there.
me too - i am long - nice curved bottom on the 1 min

yes the 1 min - dont laugh
  • #159,437
  • Aug 19, 2009 8:24pm Aug 19, 2009 8:24pm
Quoting alex1976
Yeah Wormboy, its looks like yesterday.

People are so predictable! Lol
lol, what? you think I'm going long after that formation right under 6600?
you must be mad
Thank You
  • #159,438
  • Aug 19, 2009 8:26pm Aug 19, 2009 8:26pm
look out general custer its scalping time !

jeez i have been so lucky in the last half hour - people are going to think i know whats happening !

my exit button is poised while the pork chops are grilling
  • #159,439
  • Aug 19, 2009 8:44pm Aug 19, 2009 8:44pm
Quoting allserene
me too - i am long - nice curved bottom on the 1 min

yes the 1 min - dont laugh
Seriously, I was taught this personally by alpesh patel in Leeds

He has done more research into curved bottoms than elton
  • #159,440
  • Aug 19, 2009 8:55pm Aug 19, 2009 8:55pm
I think its going to be pretty choppy, I'm on the sidelines. I would like to see what happens around 1.64-1.63 before I jump into anything. Why are you guys trying to trade this low volume stuff anyway, London session is where it's at.

I know the pitchfork indicated a bullish tendency but I think it will chop the 63-66 range for a while. The market is trying to figure out what to do with the bank of englands $75B monetary easing policy.

FXDDs evening commentary said a large middle eastern client purchased a ton of euros, messing up the technicals, and changed the trend.

chop chop.
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