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Cable Update (GBPUSD)

  • #164,421
  • Sep 9, 2009 9:47am Sep 9, 2009 9:47am
Quoting nAVIN2007
nah this will move...
Which way? I don't see potential to any stronger move now...
-- There's no winner without lose --
  • #164,422
  • Sep 9, 2009 9:48am Sep 9, 2009 9:48am
Quoting nAVIN2007
i think so as well ....its not looking like bulls got any momentum

I believe what hasnaa meant was that we were finishing wave 4 and moving to make wave 5 ( the yellow numbers in the chart ).. my guess is it will take it to 6615 area.. I attached my chart hopefully it is a bit clearer ...anyway that was my 2 cents
Attached Image (click to enlarge)
Click to Enlarge Name: gbp4h.gif Size: 15 KB
  • #164,423
  • Sep 9, 2009 10:19am Sep 9, 2009 10:19am
sorry guys i meant dragon..cable looks nuts..dragon looks kinda bearish im surprised GU hasnt followed
  • #164,424
  • Sep 9, 2009 10:26am Sep 9, 2009 10:26am
Quoting nAVIN2007
sorry guys i meant dragon..cable looks nuts..dragon looks kinda bearish im surprised GU hasnt followed
It's interesting times for sure- It's very possible that a sell-off in equity markets/oil/gold is overdue, thus sending the pound lower again.

+ the dollar index bottoming out could attract some more dollar bulls.

It's worth noting that with gold above 1000/ oil at 72/ and the dow at 9500-
cable is still only at the 1.6550 level and not back up at the 1.7000 area.

If the dollar does rebound along with gold and oil and equities the pound could fall off the map a little bit. I'm sure wormboy would be pleased!

Unlikely as it may be- if the BoE decide to increase QE again tomorrow- that would almost certainly be the catalyst for that kind of movement.

On the other hand the rallys could increase across the board sending cable back higher.

Hope someone managed to read that without falling asleep..
  • #164,425
  • Sep 9, 2009 10:30am Sep 9, 2009 10:30am
Quoting nAVIN2007
sorry guys i meant dragon..cable looks nuts..dragon looks kinda bearish im surprised GU hasnt followed
Yerp.. crazy PA. But now going to synchronize back
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #164,426
  • Sep 9, 2009 10:32am Sep 9, 2009 10:32am
Quoting spintrader
It's interesting times for sure- It's very possible that a sell-off in equity markets/oil/gold is overdue, thus sending the pound lower again.

+ the dollar index bottoming out could attract some more dollar bulls.

It's worth noting that with gold above 1000/ oil at 72/ and the dow at 9500-
cable is still only at the 1.6550 level and not back up at the 1.7000 area.

If the dollar does rebound along with gold and oil and equities the pound could fall off the map a little bit. I'm sure wormboy would be pleased!

Unlikely as it may be- if the BoE...
interesting times for sure..thanks for info bro!
means anything is possible....its simply a bet....no idea where this mofo is heading
  • #164,427
  • Sep 9, 2009 12:09pm Sep 9, 2009 12:09pm
Quoting Alpha Hamste
3 Musketers (G/U, A/U & E/U) have broken today's high...everyone fasten your seatbelt, we are heading NORTH Finally the tide has come buy buy buy
BUY BUY BUY - It's a 'good bye' for your money !

Actually I am long too but I take the point that it should be making more tracks at this time

DOW is up 68 and BP is my best share in the last 2 weeks - USD should be much lower

But the daily and hourly shows us in the gap between upper bollinger band 2 deviations and band 1 dev, the SMA has not turned down on either

Sticking with my long for now
  • #164,428
  • Sep 9, 2009 12:10pm Sep 9, 2009 12:10pm
Quoting Yngwie
Losing my patience.. [email protected] [email protected]
hey mate
am sell from 1.6561
wt's ur target
am think of 520 area
  • #164,429
  • Sep 9, 2009 12:30pm Sep 9, 2009 12:30pm
hi all the usdix chart daily
Attached Image (click to enlarge)
Click to Enlarge Name: usdix.gif Size: 23 KB
  • #164,430
  • Sep 9, 2009 12:39pm Sep 9, 2009 12:39pm
waiting for the beige book in 20 m
  • #164,431
  • Sep 9, 2009 12:45pm Sep 9, 2009 12:45pm
Quoting kill
hi all the usdix chart daily
hello friend,

can you help me with this usdix chat? what does this mean to cable? will it go up or down...i know everything is possible but just want to know higher probability?

thanks for your help

ashish
Forex success = Patience + Leverage
  • #164,432
  • Sep 9, 2009 12:51pm Sep 9, 2009 12:51pm
Quoting ashukla1980
hello friend,

can you help me with this usdix chat? what does this mean to cable? will it go up or down...i know everything is possible but just want to know higher probability?

thanks for your help

ashish
i will wait i see what in the beige book allthoug the cable still going south if it dosnot break 16620 and colse upove it
  • #164,433
  • Sep 9, 2009 12:53pm Sep 9, 2009 12:53pm
DOW coming off

cable looking leaky

out of long at B/E

trying a short - just a quicky
  • #164,434
  • Sep 9, 2009 12:56pm Sep 9, 2009 12:56pm
5 m to go
  • #164,435
  • Sep 9, 2009 1:18pm Sep 9, 2009 1:18pm
Quoting roreki
hey mate
am sell from 1.6561
wt's ur target
am think of 520 area
Open so far..
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #164,436
  • Sep 9, 2009 1:19pm Sep 9, 2009 1:19pm
I m long
Attached Image (click to enlarge)
Click to Enlarge Name: graph.gif Size: 18 KB
  • #164,437
  • Sep 9, 2009 1:21pm Sep 9, 2009 1:21pm
Quoting kill
hi all the usdix chart daily

I don't think dollar bears can sit too comfortably. We'll see.

Still shorting cable.
Attached Image (click to enlarge)
Click to Enlarge Name: usdx.JPG Size: 100 KB
Thank You
  • #164,438
  • Sep 9, 2009 1:33pm Sep 9, 2009 1:33pm
Quoting wormboy
I don't think dollar bears can sit too comfortably. We'll see.

Still shorting cable.
nice a RSI diverence is what we needed to see

bro! this market is boring or what damnit man! it just aint moving...ranging like a mofo
  • #164,439
  • Sep 9, 2009 1:51pm Sep 9, 2009 1:51pm
Quoting nAVIN2007
nice a RSI diverence is what we needed to see

bro! this market is boring or what damnit man! it just aint moving...ranging like a mofo
yup. at a very important level too

i hear you bro. Boring, but I can't help feeling that it's about to explode bigtime. Stoploss is my new best friend

our dragon is creeping lower bro
Thank You
  • #164,440
  • Sep 9, 2009 2:00pm Sep 9, 2009 2:00pm
Quoting wormboy
yup. at a very important level too

i hear you bro. Boring, but I can't help feeling that it's about to explode bigtime. Stoploss is my new best friend

our dragon is creeping lower bro
implode or explode ? lol
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