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Cable Update (GBPUSD)

  • #162,481
  • Sep 2, 2009 2:11am Sep 2, 2009 2:11am
Short @ 6184...still waiting for LOPS level @6112. See you guys there!!
Good trading to all of you!!! And for me of course
  • #162,482
  • Sep 2, 2009 2:12am Sep 2, 2009 2:12am
Quoting navhin
what causing sudden drop?
I guess re-test of .6120 support is coming. And then we'll see what will happen.
-- There's no winner without lose --
  • #162,483
  • Sep 2, 2009 2:15am Sep 2, 2009 2:15am
Quoting navhin
what causing sudden drop?
my short ...jus playing

fib the magic number...
  • #162,484
  • Sep 2, 2009 2:15am Sep 2, 2009 2:15am
As a newbie, i learnt a ton from here! Thanks guys.
  • #162,485
  • Sep 2, 2009 2:19am Sep 2, 2009 2:19am
Quoting nAVIN2007
my short ...jus playing
lol!! What kind of country are you???? lol
  • #162,486
  • Sep 2, 2009 2:22am Sep 2, 2009 2:22am
Quoting maurofx
lol!! What kind of country are you???? lol
u lost me bro
  • #162,487
  • Sep 2, 2009 2:23am Sep 2, 2009 2:23am
Quoting nAVIN2007
u lost me bro
Cause of the size of your short man!!!
  • #162,488
  • Sep 2, 2009 2:25am Sep 2, 2009 2:25am
Quoting maurofx
Cause of the size of your short man!!!

oh no was just kidding bro.....my position is so light it literally is beer money
once i develop a consistancy...i will think about money im in no rush....i simply love to trade..even if money wasnt involved i still would do it
  • #162,489
  • Sep 2, 2009 2:25am Sep 2, 2009 2:25am
...the next obvious previous swing low (imbalance of demand/supply)=previous support=potential support zone on 1hr is shown circled below...area of y/day's lows. This zone will become potentuial sbr if breeched to downside. Mni talking about some bids in the 6115/00 area?

G/L

http://i26.tinypic.com/w1fzps.gif
ex member
  • #162,490
  • Sep 2, 2009 2:27am Sep 2, 2009 2:27am
When i have a trade idea, i come into this thread just to confirm.
  • #162,491
  • Sep 2, 2009 2:29am Sep 2, 2009 2:29am
so long as this current 4hr can close bearish this really should be no brainer
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  • #162,492
  • Sep 2, 2009 2:35am Sep 2, 2009 2:35am
Just close my shorts @6139...I believe it'll make a retracement from here. Let's see...
  • #162,493
  • Sep 2, 2009 2:40am Sep 2, 2009 2:40am
0735 GMT [Dow Jones] GBP/USD closed below Fibonacci support at 1.6210 and that's significant, says Commerzbank analyst Karen Jones. It confirms the 1.7040 high as an interim top and opens the downside toward 1.58, 1.5690 and 1.5275. Jones says technical indicators are negative and the MACD is below zero for the first time since March. On the topside Jones says only above 1.6450, not favored, would delay this bearish outlook. GBP/USD now at 1.6140. (GST)

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ex member
  • #162,494
  • Sep 2, 2009 2:42am Sep 2, 2009 2:42am
Quoting maurofx
Just close my shorts @6139...I believe it'll make a retracement from here. Let's see...
I think she'll at least "test" 6112ish again here soon.
Ghost Rider - WWTBMD?
  • #162,495
  • Sep 2, 2009 2:42am Sep 2, 2009 2:42am
Nothing's changed.
5950 is now the obvious target since price had manage to close below 6165.

Good luck.
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Thank You
  • #162,496
  • Sep 2, 2009 2:46am Sep 2, 2009 2:46am
Quoting albchr
I think she'll at least "test" 6112ish again here soon.
I share the sentiment with you...but I thought a littke bounce was coming so I preferred to cash out! 45 pips in the bag...I'm beggining in this dude, need to capitalize my ass!!!
  • #162,497
  • Sep 2, 2009 2:46am Sep 2, 2009 2:46am
Quoting wormboy
Nothing's changed.
5950 is now the obvious target since price had manage to close below 6165.

Good luck.
Agree completely Bro....
Ghost Rider - WWTBMD?
  • #162,498
  • Sep 2, 2009 2:46am Sep 2, 2009 2:46am
Quoting wormboy
Nothing's changed.
5950 is now the obvious target since price had manage to close below 6165.

Good luck.
we can go much lower bro...its all in the charts
u know me already i would never hold a position for the weekend unless theres something there! especially on live account
  • #162,499
  • Sep 2, 2009 2:48am Sep 2, 2009 2:48am
Quoting maurofx
I share the sentiment with you...but I thought a littke bounce was coming so I preferred to cash out! 45 pips in the bag...I'm beggining in this dude, need to capitalize my ass!!!
....nothing wrong with stuffing pips in the pockets man. I do it all the time....
Ghost Rider - WWTBMD?
  • #162,500
  • Sep 2, 2009 2:54am Sep 2, 2009 2:54am
Quote
Flat ATM but looking for a nice seat south.

Hello albchr,

You still flat? I was looking at 6200/10 for an entry that never came!!! Am now flapping around newbie style wondering where to pull the trigger!

How are you looking at this?

m
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