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Cable Update (GBPUSD)

  • #161,661
  • Aug 28, 2009 7:51am Aug 28, 2009 7:51am
Quoting Bull_Bear
1.6330 on the short side..... see you sub 1.6000
OK, you're on. Beer for me if 171, beer for you if 160.
  • #161,662
  • Aug 28, 2009 7:52am Aug 28, 2009 7:52am
Quoting direct-trade
OK, you're on. Beer for me if 171, beer for you if 160.
Gentleman's handshake..... your on
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #161,663
  • Aug 28, 2009 7:56am Aug 28, 2009 7:56am
6270 clearly is a strong bottom and 6380 being a strong resistance.
Looks like an upward channel as long as it doesnt break 6270..but will need a major BULLDOZER as BB calls it to push it above 6380...

I will sit out and watch

EDIT - Just saw the para and BB on the 1H... now i am more bearish!
Attached Image (click to enlarge)
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  • #161,664
  • Aug 28, 2009 8:02am Aug 28, 2009 8:02am
Quoting $maker
6270 clearly is a strong bottom and 6380 being a strong resistance.
Looks like an upward channel as long as it doesnt break 6270..but will need a major BULLDOZER as BB calls it to push it above 6380...

I will sit out and watch

EDIT - Just saw the para and BB on the 1H... now i am more bearish!
I waiting for 1.6330 to better shorting opportunities, there will be another wave of sellers there
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #161,665
  • Aug 28, 2009 8:03am Aug 28, 2009 8:03am
Both 1.6260 & 1.6385 are strong support & resistance but looking at the daily chart it is more inclined to go up rather than go down after that massive drop from 1.6628.
  • #161,666
  • Aug 28, 2009 8:06am Aug 28, 2009 8:06am
Quoting Pyramus
Both 1.6260 & 1.6385 are strong support & resistance but looking at the daily chart it is more inclined to go up rather than go down after that massive drop from 1.6628.
Is that right? what are you looking at? Please convince me
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #161,667
  • Aug 28, 2009 8:07am Aug 28, 2009 8:07am
Quoting direct-trade
This price action has made me change my targets. They are now being increased.

1st and 2nd TP's have already been collected.
3rd still at 16440

Now placing new Tp's at 16600, 16732, 16874, 16998, 17143.

I agree with this sentiment. This is a bear trap
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--- Gone --- RIP 11/27/09
  • #161,668
  • Aug 28, 2009 8:11am Aug 28, 2009 8:11am
Quoting Bull_Bear
Gentleman's handshake..... your on

  • #161,669
  • Aug 28, 2009 8:16am Aug 28, 2009 8:16am
Euro is again at testing 1.437 ..its been trying to close above that since a while now.. If it does... it should be a big rally up... then i think GBP will go up.. altho it hasnt been THAT correlated.. but hmm.. im confused
  • #161,670
  • Aug 28, 2009 8:16am Aug 28, 2009 8:16am
Quoting direct-trade
OK, you're on. Beer for me if 171, beer for you if 160.
can we make it a threesome?
Thank You
  • #161,671
  • Aug 28, 2009 8:17am Aug 28, 2009 8:17am
could that have been the pullback..
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  • #161,672
  • Aug 28, 2009 8:18am Aug 28, 2009 8:18am
WB WB - welcome back worm boy
  • #161,673
  • Aug 28, 2009 8:19am Aug 28, 2009 8:19am
Ok, I'm out of here.

Have a great weekend everyone, happy trading to you
  • #161,674
  • Aug 28, 2009 8:20am Aug 28, 2009 8:20am
Quoting wormboy
can we make it a threesome?
make your call Wormie.....
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #161,675
  • Aug 28, 2009 8:26am Aug 28, 2009 8:26am
Quoting $maker
WB WB - welcome back worm boy
Thank You
  • #161,676
  • Aug 28, 2009 8:26am Aug 28, 2009 8:26am
Price found resistance around 6380 earlierat the confluence of the 4hr previous swing lo=previous support=potential sbr zone with the underside of the previous 4hr ascending support trend line and in the region of the 76.4% fib of the 6443-6151 fall (6374,) see-ing price drop to the 50% of the 6151-6380 rise which became supportive. Price still in an uptrend on 1hr t/f. The 6380 Hi being above the last LH of the 4hr downtrend.

G/L

http://i29.tinypic.com/2s0ofnp.gif
ex member
  • #161,677
  • Aug 28, 2009 8:28am Aug 28, 2009 8:28am
Quoting Bull_Bear
make your call Wormie.....
you know what my call is bro, stop pretending
I'm calling me to ....






green button = green pips
Attached Image
Thank You
  • #161,678
  • Aug 28, 2009 8:31am Aug 28, 2009 8:31am
wb bb.. whats your tgt.. im short at 6315
  • #161,679
  • Edited 8:46am Aug 28, 2009 8:32am | Edited 8:46am
okay seriously tho ... lol

the target remains unchanged.

1. 6165
2. 5950
3. 5300

As long as the trend remains down anyway.

Earlier chart:
http://www.forexfactory.com/showpost...stcount=161515

Charts below illustrates my bias further.

Okay I'll bugger off now. Enjoy the weekend everyone
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Thank You
  • #161,680
  • Aug 28, 2009 8:36am Aug 28, 2009 8:36am
Quoting wormboy
you know what my call is bro, stop pretending
I'm calling me to ....






green button = green pips
Yup I was pretending, wanted to use pysc warfare against DT. Strength in numbers ..... looks like he's up for 2 beers
Veni, Vidi, Vici (We came, we saw, we conquered)
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