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Cable Update (GBPUSD)

  • #162,461
  • Sep 2, 2009 12:56am Sep 2, 2009 12:56am
Quoting albchr
Hey now, if you ever want to reach your floor I'd suggest being a bit nicer to the operator. Of course, there's always the STAIRS....
Thank You
  • #162,462
  • Sep 2, 2009 1:03am Sep 2, 2009 1:03am
A lovely sight.....
Attached Image (click to enlarge)
Click to Enlarge Name: gu_d.gif Size: 32 KB
Ghost Rider - WWTBMD?
  • #162,463
  • Sep 2, 2009 1:06am Sep 2, 2009 1:06am
Quoting pso
short @1.6215 for 3 reasons:
1. 0.382 retracement
2. retest of broken upward trendline
3. daily pivot
good luck all
Great choose...I'll do it as well, if something unusual won't happen
-- There's no winner without lose --
  • #162,464
  • Sep 2, 2009 1:17am Sep 2, 2009 1:17am
Good Morning Ladies and Gentlemen,

This is your Captain speaking:

We are expecting sunny skies in the upper highs with low chance of showers.
We'll be in cruising GBP altitude momentarily.
Please fasten your seat belts and get ready for take off.

In case you need anything, please do not hesitate to ask our gorgeous onboard stewardesses Has to your right and Lady to your left.
They will be more than happy to satisfy your every need possible....

- - - - -
Hear the music before the song is over ...
  • #162,465
  • Sep 2, 2009 1:21am Sep 2, 2009 1:21am
Quoting GlobalMacro
Good Morning Ladies and Gentlemen,

This is your Captain speaking:

We are expecting sunny skies in the upper highs with low chance of showers.
We'll be in cruising GBP altitude momentarily.
Please fasten your seat belts and get ready for take off.

In case you need anything, please do not hesitate to ask our gorgeous onboard stewardesses Has to your right and Lady to your left.
They will be more than happy to satisfy your every need possible....

- - - - -

Oh great! Another pilot that thinks we're taking off when we're ready to land.... MAN! I keep getting on the wrong planes....

Just busting GM. How you doing today brother?
Ghost Rider - WWTBMD?
  • #162,466
  • Sep 2, 2009 1:24am Sep 2, 2009 1:24am
Quoting albchr
Oh great! Another pilot that thinks we're taking off when we're ready to land.... MAN! I keep getting on the wrong planes....

Just busting GM. How you doing today brother?



wassup my bro...I'm good and kicking it long atm....where are you heading ?...
Hear the music before the song is over ...
  • #162,467
  • Sep 2, 2009 1:29am Sep 2, 2009 1:29am
Quoting GlobalMacro


wassup my bro...I'm good and kicking it long atm....where are you heading ?...
Had a small long at 6125 last night. Booked half at 6150 and set BE on the rest. That got hit while I slept. Flat ATM but looking for a nice seat south.

How's that 6260? I've heard if you put a little ointment on that draw down, it don't hurt so bad...
Ghost Rider - WWTBMD?
  • #162,468
  • Sep 2, 2009 1:32am Sep 2, 2009 1:32am
Quoting albchr
Had a small long at 6125 last night. Booked half at 6150 and set BE on the rest. That got hit while I slept. Flat ATM but looking for a nice seat south.

How's that 6260? I've heard if you put a little ointment on that draw down, it don't hurt so bad...
I never start off full house so here's how I did it:

1x @ 1.6260
2x @ 1.6145

AvgPrc --> 1.6183

not a bad place to be...
Hear the music before the song is over ...
  • #162,469
  • Sep 2, 2009 1:35am Sep 2, 2009 1:35am
Quote
Pivot: 1.6205.

Our Preference: SHORT positions @ 1.6195 with 1.611 & 1.6075 as next targets.

Alternative scenario: The upside penetration of 1.6205 will call for a rebound towards 1.6265 & 1.6335.

Comment: the RSI is turning down, the pair has broken below its rising trend line and remains under pressure.

Trend: ST Ltd Upside; MT Range

Key levels Comment

1.6335** Intraday resistance
1.6265** Intraday resistance
1.6205** Intraday pivot point
1.6157 Last
1.611** Intraday support
1.6075** Intraday support
1.601** Intraday support

Morning,

here is the view from Trading Central........

m
  • #162,470
  • Sep 2, 2009 1:37am Sep 2, 2009 1:37am
morning folks! ....i trust we all onboard on the right planes

turbulance expected the sky is rough this current 4hr got has perhaps run into a magic number..u are advised to tighten seat belt..

see diagram for more info
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  • #162,471
  • Sep 2, 2009 1:41am Sep 2, 2009 1:41am
Quoting nAVIN2007
morning folks! ....i trust we all onboard on the right planes

turbulance expected the sky is rough this current 4hr got has perhaps run into a magic number..u are advised to tighten seat belt..

see diagram for more info

what? no stewardesses on your board?...
Hear the music before the song is over ...
  • #162,472
  • Sep 2, 2009 1:43am Sep 2, 2009 1:43am
Quoting GlobalMacro
what? no stewardesses on your board?...
richlady keeps jumping planes
  • #162,473
  • Sep 2, 2009 1:44am Sep 2, 2009 1:44am
Quoting GlobalMacro
I never start off full house so here's how I did it:

1x @ 1.6260
2x @ 1.6145

AvgPrc --> 1.6183

not a bad place to be...
There ya go!... Someday I'll be smart like that too my man...

For now, I'm seeing 6200/20 as a possibility. Probably grab a short seat around there.
Ghost Rider - WWTBMD?
  • #162,474
  • Sep 2, 2009 1:51am Sep 2, 2009 1:51am
Quoting nAVIN2007
richlady keeps jumping planes

Hear the music before the song is over ...
  • #162,475
  • Sep 2, 2009 1:55am Sep 2, 2009 1:55am
Quoting nAVIN2007
richlady keeps jumping planes
Yeah but she's doing well on her current flight...
Ghost Rider - WWTBMD?
  • #162,476
  • Sep 2, 2009 1:55am Sep 2, 2009 1:55am
Quoting albchr
There ya go!... Someday I'll be smart like that too my man...

For now, I'm seeing 6200/20 as a possibility. Probably grab a short seat around there.

It's too early for any shorts for my taste...but then again I'm looking for swing moves so if it bounces around a little off there, should be Okay...
Hear the music before the song is over ...
  • #162,477
  • Edited 2:04am Sep 2, 2009 1:58am | Edited 2:04am
G/M...cable found a low y/day @ the 76.4% fib of the 5797-7044 swing up...staging a pullback/reversal to current intraday highs @ 6193 area as asian session highs @ 6177 were exceeded in early London session trading.

The 1hr chart below shows the obvious near-term imbalances of demand/supply and supply/demand (swing lows and highs respectively) as welll as unbreeched fibs from major swings down from 6622 and trend lines. (The grey coloured zone already breeched as potential sbr so unlikely to contain any bids/offers...will remove it)

Price is finding some resistance in the first purple zone up from bottom of chart ie the previous swing low zone=prev support=potential sbr and this is the first recovery obstacle on any extended recovery from y/day's lows. This zone is co-existant with one on the 4hr chart as Navin shows in his chart above this post.

Av Daily range is 198, today so far: 79 and the last LH of the 1hr downtrend has been breeched to the upside now see-ing a H after the equal LL(double bottom) at y/day's Low on that t/f.

G/L

http://i26.tinypic.com/1g61l5.gif
ex member
  • #162,478
  • Sep 2, 2009 2:07am Sep 2, 2009 2:07am
Quoting albchr
Yeah but she's doing well on her current flight...
  • #162,479
  • Sep 2, 2009 2:09am Sep 2, 2009 2:09am
Quoting bbmac
G/M...cable found a low y/day @ the 76.4% fib of the 5797-7044 swing up...staging a pullback/reversal to current intraday highs @ 6193 area as asian session highs @ 6177 were exceeded in early London session trading.

The 1hr chart below shows the obvious near-term imbalances of demand/supply and supply/demand (swing lows and highs respectively) as welll as unbreeched fibs from major swings down from 6622 and trend lines. (The grey coloured zone already breeched as potential sbr so unlikely to contain any bids/offers...will remove it)

Price...

not liking the double bottom aspect..not good for my short
  • #162,480
  • Sep 2, 2009 2:09am Sep 2, 2009 2:09am
what causing sudden drop?
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