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Cable Update (GBPUSD)

  • #162,601
  • Sep 2, 2009 4:33am Sep 2, 2009 4:33am
Quoting GlobalMacro
lol....OK Dude...so you're saying it won't crack 1.6220, is that right?...lol

i will say one thing bro! u are great at finding bottoms...
  • #162,602
  • Sep 2, 2009 4:35am Sep 2, 2009 4:35am
Quoting nAVIN2007
i will say one thing bro! u are great at finding bottoms...
you mean at finding Dips..?!..
Hear the music before the song is over ...
  • #162,603
  • Sep 2, 2009 4:36am Sep 2, 2009 4:36am
Quoting Bull_Bear
Thats technical reasoning in trading Chris, it might break, it might not but technical support / resistance and trend is all i see.
Agreed bro. I've been calling for a possible retrace to the 6200/20 area since 1:00AM. I started to rethink it but now it looks like it may get there. At this point, I think it will just waffle around until news time at 8:30 though.
Ghost Rider - WWTBMD?
  • #162,604
  • Sep 2, 2009 4:36am Sep 2, 2009 4:36am
Quoting JamesCZ
.6145..it doesn't look good for me now. I should take some pips at .6112 and not let it run :/
Yeh it ran into a potential support area around y/day's lows...latest from mni below...

CABLE: Recovery extends to $1.6168, after its latests retest of the
$1.6115/10 support area, with talk noting Asian sovereign buys off the lows followed by Mid East buys through $1.6150. Rate expected to meet resistance around $1.6175 (76.4% $1.6193/1.6113) a break to open a move toward $1.6190/00. Support remains at $1.6115/10, with stops noted below.

G/L
ex member
  • #162,605
  • Sep 2, 2009 4:36am Sep 2, 2009 4:36am
Quoting JamesCZ
.6145..it doesn't look good for me now. I should take some pips at .6112 and not let it run :/
just wondering why did you picked 6145 as your entry?
Lets Soar The Sky
  • #162,606
  • Sep 2, 2009 4:41am Sep 2, 2009 4:41am
Quoting soartosky
just wondering why did you picked 6145 as your entry?
I am trading 1m chart. And there was a correction before next drop. I gues about 2hrs ago. It's my fault that I'm holding my position so long :/ But now, I don't know if to hold it, or just close it...still hoping it will try to test 6112 next time, but who knows...
-- There's no winner without lose --
  • #162,607
  • Sep 2, 2009 4:41am Sep 2, 2009 4:41am
Quoting bbmac
Yeh it ran into a potential support area around y/day's lows...latest from mni below...

CABLE: Recovery extends to $1.6168, after its latests retest of the
$1.6115/10 support area, with talk noting Asian sovereign buys off the lows followed by Mid East buys through $1.6150. Rate expected to meet resistance around $1.6175 (76.4% $1.6193/1.6113) a break to open a move toward $1.6190/00. Support remains at $1.6115/10, with stops noted below.

G/L
Where is this info taken from? Thanks.
  • #162,608
  • Sep 2, 2009 4:41am Sep 2, 2009 4:41am
Anyone seeing this bulling up past the 1.6184 level?
Trade Like a Robot make money Like a Bank
  • #162,609
  • Sep 2, 2009 4:41am Sep 2, 2009 4:41am
Quoting albchr
Hey buddy, I've been waiting for that level to short from all morning....
Shorting Level adjusted to 6190. Tanking begins @ 9:30GMT
Anyone with me?
In all your ways acknowledge Him and He will direct your path.
  • #162,610
  • Sep 2, 2009 4:42am Sep 2, 2009 4:42am
Quoting otm
she gunna blow - up
She is huh? Based on what?
Ghost Rider - WWTBMD?
  • #162,611
  • Sep 2, 2009 4:43am Sep 2, 2009 4:43am
already performed Inverted Head and shoulder at H1
{Promotion Removed}
  • #162,612
  • Sep 2, 2009 4:44am Sep 2, 2009 4:44am
Quoting GlobalMacro
so correct me if I'm wrong, you load one more short at 1.6220 and down we go from there? no more seeing any highs?

btw, wormie said 1.6165 is the ceiling this morning....
Heres a crash course for the newbies too.

No, 1.6220 is my technical reasoning for adding to short with the bigger trend. Here let me explain. 1.6220 might break, it might not, but there are 3 reasons.

Black, yellow and white are all resistance areas converging to one point, making them even stronger. The thin broken black line is your long term downward sloping line of which price is underneath that, plus the short term downward sloping line (outer redline) is also telling me that price is down. Plus the movement back to the broken triangle is a serious sell.

In summary its

Dinner time BRB
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Veni, Vidi, Vici (We came, we saw, we conquered)
  • #162,613
  • Sep 2, 2009 4:45am Sep 2, 2009 4:45am
Quoting albchr
She is huh? Based on what?

based on the picture you posted....
Hear the music before the song is over ...
  • #162,614
  • Sep 2, 2009 4:47am Sep 2, 2009 4:47am
Quoting OmegaFire
Shorting Level adjusted to 6190. Tanking begins @ 9:30GMT
Anyone with me?
Yeah I've got that 1H & 15m high of 6192 as well. But I think the news will spike her up and then let her fall. Still looking for 6200/20 area as a possible.

But for now, this crap is getting boring so I'll be back around news time.
Ghost Rider - WWTBMD?
  • #162,615
  • Sep 2, 2009 4:48am Sep 2, 2009 4:48am
Quoting otm
she gunna blow - up
Ok Im outta my long, looks like a rejection at the trend line, booked a small profit
  • #162,616
  • Sep 2, 2009 4:48am Sep 2, 2009 4:48am
Quoting GlobalMacro
you mean at finding Dips..?!..
yea
  • #162,617
  • Sep 2, 2009 4:48am Sep 2, 2009 4:48am
Quoting GlobalMacro
based on the picture you posted....
Oh........silly me.....
Ghost Rider - WWTBMD?
  • #162,618
  • Sep 2, 2009 4:50am Sep 2, 2009 4:50am
hrly close soon

will decide to hold my long or to take a small loss
Lets Soar The Sky
  • #162,619
  • Sep 2, 2009 4:50am Sep 2, 2009 4:50am
Quoting otm
Where is this info taken from? Thanks.
It's available by direct subscription from market new international website or limited service from some broker newsfeed services (acm/fxsol/saxo etc...)

G/L
ex member
  • #162,620
  • Sep 2, 2009 4:51am Sep 2, 2009 4:51am
Quoting Bull_Bear
Heres a crash course for the newbies too.

No, 1.6220 is my technical reasoning for adding to short with the bigger trend. Here let me explain. 1.6220 might break, it might not, but there are 3 reasons.

Black, yellow and white are all resistance areas converging to one point, making them even stronger. The thin broken black line is your long term downward sloping line of which price is underneath that, plus the short term downward sloping line (outer redline) is also telling me that price is down. Plus the movement back to the broken triangle...
OK...I get it now...you're saying that 1.6220 might break or might not break, then the price might go up or might go down...

Alright Chief...All duely noted...

Just pulling your legs........Enjoy your dinner bro...
Hear the music before the song is over ...
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