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Cable Update (GBPUSD)

  • #165,601
  • Sep 15, 2009 5:20am Sep 15, 2009 5:20am
Quoting GlobalMacro
Not all my friend, in fact I beg to differ...
this is the best place for longs and believe it or not worst place for shorts...
Nah I wouldn't go short here either, just in case it does bounce. If it bounces, I like to see it stay below the 2nd rising trend.

I will look to add shorts if she bounces the 2nd tl.
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Veni, Vidi, Vici (We came, we saw, we conquered)
  • #165,602
  • Sep 15, 2009 5:24am Sep 15, 2009 5:24am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
near term target 64200...lol I was looking to long @ 65200 before big guy king opened his mouth.
  • #165,603
  • Sep 15, 2009 5:24am Sep 15, 2009 5:24am
1.6400 here we come
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #165,604
  • Sep 15, 2009 5:25am Sep 15, 2009 5:25am
Quoting wormboy
Same chart different day bro.
Currently price stopped dead at the ltl. Close below that & I think 6350 is too modest. On top of that wedge on the other chart, this one looks a lot like a diamond no? We know what happens on diamond breaks

no diamond bro..for a diamond u need a broadening traingle where price touches the some b**ch exactly the converges this is what im seeing big picture
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  • #165,605
  • Sep 15, 2009 5:26am Sep 15, 2009 5:26am
Quoting Bull_Bear
1.6400 here we come
6480 is still my line in the sand. Close below that and then maybe bro..
Ghost Rider - WWTBMD?
  • #165,606
  • Sep 15, 2009 5:28am Sep 15, 2009 5:28am
Quoting Bull_Bear
1.6400 here we come
Me to
GELORE
  • #165,607
  • Sep 15, 2009 5:28am Sep 15, 2009 5:28am
Quoting nAVIN2007
no diamond bro..for a diamond u need a broadening traingle where price touches the some b**ch exactly the converges this is what im seeing big picture
okay. I can settle with the rising wedge Either way, both does not point up
Thank You
  • #165,608
  • Sep 15, 2009 5:28am Sep 15, 2009 5:28am
Quoting ams
near term target 64200...lol I was looking to long @ 65200 before big guy king opened his mouth.
someone need to put a foot in it not that im complaining thou
  • #165,609
  • Sep 15, 2009 5:28am Sep 15, 2009 5:28am
Quoting albchr
6480 is still my line in the sand. Close below that and then maybe bro..
Just a matter of time Chris, When cable is falling across the board, I don't like to stand in its way. Why? Weakness is imminent.....
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #165,610
  • Sep 15, 2009 5:29am Sep 15, 2009 5:29am
Quoting wormboy
okay. I can settle with the rising wedge Either way, both does not point up
  • #165,611
  • Sep 15, 2009 5:30am Sep 15, 2009 5:30am
gonna do short scalping on the cable...hopefully the US market will confirm the downward trend
  • #165,612
  • Sep 15, 2009 5:32am Sep 15, 2009 5:32am
Quoting Alpha Hamste
.hopefully the US market will confirm the downward trend
I hope not
ROBOT FOREX
  • #165,613
  • Sep 15, 2009 5:32am Sep 15, 2009 5:32am
Quoting Bull_Bear
Just a matter of time Chris, When cable is falling across the board, I don't like to stand in its way. Why? Weakness is imminent.....
You may be right BB. But, the order is in, the SL set and only time will tell from here....
Ghost Rider - WWTBMD?
  • #165,614
  • Sep 15, 2009 5:32am Sep 15, 2009 5:32am
Quoting wormboy
6565 is immediate resistance now. Close above that & we prolly will range again. Guess GM's gunning for that?
a lil higher than that...lol...but you got it bro...
Hear the music before the song is over ...
  • #165,615
  • Sep 15, 2009 5:34am Sep 15, 2009 5:34am
Quoting albchr
You may be right BB. But, the order is in, the SL set and only time will tell from here....
Yup good luck my friend
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #165,616
  • Sep 15, 2009 5:34am Sep 15, 2009 5:34am
That last 1hr candle is what you call a ' bearish Thrust ' candle!

Downside pressure has seen cable arrive in the previous 1hr/4hr swing lo=prev supp=potential support zone that extends 6485-51 selling past the 61.8% of the 6320-6740 move @ 6482.

Below here and the previous 1hr/4hr swing hi zone 6441-24 contains the 50% of 6111-6740 @ 6724 area and just below resides Dly S2 pivot @ 6433 area.

To the upside previous 1hr swing lo=prev supp=potential sbr zones reside 6520-27, 6550-57 and fibs of the downmoves are drawn from 6740 and current 6556 intraday hi to current lows

Current day's range 184 which is 106% of 20 day average pip range.

G/L
ex member
  • #165,617
  • Sep 15, 2009 5:35am Sep 15, 2009 5:35am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
almost did...good I didn't have to get the bite as I didn't place the order. was looking to place long but the penny dropped quickly. Let's see if it goes down to 64200, thinking of going long there with tight SL @ 63900. Although suggest watching PA for US news. I reckon we have a bearish week. All will go down. EU is stable, they don't have king with them :-)



Quoting nAVIN2007
someone need to put a foot in it not that im complaining thou
  • #165,618
  • Sep 15, 2009 5:37am Sep 15, 2009 5:37am
Quoting ams
All will go down. EU is stable, they don't have king with them :-)

  • #165,619
  • Sep 15, 2009 5:41am Sep 15, 2009 5:41am
Quoting nAVIN2007
I see you having fun making pips there NAV.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #165,620
  • Sep 15, 2009 5:41am Sep 15, 2009 5:41am
Quoting Bull_Bear
Yup good luck my friend
You too buddy. I'm only risking 65% of yesterday's gains so even if it stops me out, I'm still up and the week is young yet...
Ghost Rider - WWTBMD?
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