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Cable Update (GBPUSD)

  • #165,621
  • Sep 15, 2009 5:41am Sep 15, 2009 5:41am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Imagine he only said it, not even a fact, and it dropped. What will happen if they actually do it

So IMO cable will pick up for now for 100pip maybe. As it's not happening in a day. US news and tank again :-)



Quoting nAVIN2007
  • #165,622
  • Sep 15, 2009 5:44am Sep 15, 2009 5:44am
4hr is below:

Mni talking about '...decent stops below 6470/75 supp..'

G/L

http://i26.tinypic.com/2q178r4.gif
ex member
  • #165,623
  • Sep 15, 2009 5:45am Sep 15, 2009 5:45am
Quoting ams
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 :-)
Yup right now I have EUR and CHF to the downside too. The reason why EUR has not moved is cos of the correlated pair in EUR/GBP. US news will determine cables fate today.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #165,624
  • Sep 15, 2009 5:45am Sep 15, 2009 5:45am
Quoting GlobalMacro
a lil higher than that...lol...but you got it bro...
Okay I see you

6600 level, 6610 to be exact. I got that right bro?
It's doable from 480 bounce ... if there's gonna be one
Attached Image (click to enlarge)
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Thank You
  • #165,625
  • Sep 15, 2009 5:45am Sep 15, 2009 5:45am
Quoting Forbes55
I hope not
i can see it going down....4hr put in a new low trend going down is confirmed my the new low on 4hr
  • #165,626
  • Sep 15, 2009 5:46am Sep 15, 2009 5:46am
Quoting albchr
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...
Yup plenty of pips to make yet
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #165,627
  • Sep 15, 2009 5:49am Sep 15, 2009 5:49am
Quoting Bull_Bear
I see you having fun making pips there NAV.
its a tough week so far....still to early to tell
  • #165,628
  • Sep 15, 2009 5:51am Sep 15, 2009 5:51am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
That's what I think. Although US is not selling. They are just consolidatin on bad days. Relations are sparking between US and China. So I am getting bad wibes. China is talking of making yuan international currency , Big say in IMF etc etc...which also makes bearish outlook for dollar. Well, will stick to charts and analysis from you guys for short term.




Quoting Bull_Bear
Yup right now I have EUR and CHF to the downside too. The reason why EUR has not moved is cos of the correlated pair in EUR/GBP. US news will determine cables fate today.
  • #165,629
  • Sep 15, 2009 5:56am Sep 15, 2009 5:56am
Quoting bbmac
Intraday tone turns bearish on back of £ selling on King's comments....Mthly Pivot is at 6493 area and below here there is both a previous swing hi and lo zone co-existant on 1hr and 4hr...the prev sw lo 6485-51, the prev sw lhi zone 6440-24 with the 50% of 6111-6740 rise in there @ 6724 area, 6419 being 76.4% of higher 6320-6740 rise.

G/L
I love your succinct posts. Thanks.
None the wiser!
  • #165,630
  • Sep 15, 2009 5:56am Sep 15, 2009 5:56am
Quoting wormboy
Okay I see you

6600 level, 6610 to be exact. I got that right bro?
It's doable from 480 bounce ... if there's gonna be one

lol...Oh yea...that sounds about right...lol
then I'll do my happy dance with my crew on friday...
Hear the music before the song is over ...
  • #165,631
  • Sep 15, 2009 5:57am Sep 15, 2009 5:57am
Quoting TauTrader
Good day to you all,

Helps to stick to a plan. I again post my chart with updates. These are numbered on the chart:

1) The Parallel Trendline for average closes on the 1hr chart for the week, indicated yesterday as my guide, was in play until this morning.
2) Also indicated that the 1.6668 level will be my signal that market is back to bullish.

Price, however, this morning started to follow the Parallel Trendline for the day as per the hour closes, to the upside. But since it could not break Friday's close purposefully @ 1.6649, I kept my...
I concur with analysis and comment on long post.
None the wiser!
  • #165,632
  • Sep 15, 2009 6:04am Sep 15, 2009 6:04am
Quoting FxClown
I love your succinct posts. Thanks.
Glad they are of use..thx.
---------------------------

Last post from me today, finishing here...4hr candle closes as a bearish thrust also and not much of a recovery so far from the potential support zone decsribed in posts above, clearly no waiting orders of sufficiemnt volume to recover price decisevly from the King inspired fall....so far !? lol

Intraday tone remains bearish with defined peak/valley downtrend to 15min so far and good 30min-4hr bearish candles...macd signal lines pointing down 30min-weekly t/f's currently.

U.s data due later.

G/L
ex member
  • #165,633
  • Sep 15, 2009 6:11am Sep 15, 2009 6:11am
May be Nav ,but take the monthly and you can see why we are in range,sure we bounced off the 50 and the 38%.
Pound is weak yes for sure
but so is $
I remember the close of last month where claims on this board we were going straight to the bottom ,I suspect they are supprised.
And what has price done.
Gone up.
We are in range simple as that ,bears may find victory hollow unless they can turn this month red.
No doubt daily today is bearish.
Personally I would only look to sell at this point if daily closes as is.

Quoting nAVIN2007
yes thats true but i mean the movement up i see as a retracement..i think it retrace around 50% of the overall down move, its at a place where continued up movement would suggest a trend reveral and i dont know if we are there yet

we approaching winter now....this is the time the sh*t normally hits the fan ..the question is do u believe we have done enough to witness a trend change?..
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #165,634
  • Sep 15, 2009 6:21am Sep 15, 2009 6:21am
Dragon update...

149.20 / 00 is a good TP
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Veni, Vidi, Vici (We came, we saw, we conquered)
  • #165,635
  • Sep 15, 2009 6:21am Sep 15, 2009 6:21am
Quoting bbmac
Glad they are of use..thx.
---------------------------

Last post from me today, finishing here...4hr candle closes as a bearish thrust also and not much of a recovery so far from the potential support zone decsribed in posts above, clearly no waiting orders of sufficiemnt volume to recover price decisevly from the King inspired fall....so far !? lol

Intraday tone remains bearish with defined peak/valley downtrend to 15min so far and good 30min-4hr bearish candles...macd signal lines pointing down 30min-weekly t/f's currently.

U.s data due...


Your quotes looks like we head down.... am i right....
  • #165,636
  • Sep 15, 2009 6:29am Sep 15, 2009 6:29am
Quoting Bull_Bear
Dragon update...

149.20 / 00 is a good TP
For today?
I loaded again bro, still gunning for 147
Thank You
  • #165,637
  • Sep 15, 2009 6:32am Sep 15, 2009 6:32am
Quoting wormboy
For today?
I loaded again bro, still gunning for 147
You know me bro... I'll take the bounce at 149.00 than join you again.... lol

Veni, Vidi, Vici (We came, we saw, we conquered)
  • #165,638
  • Sep 15, 2009 6:32am Sep 15, 2009 6:32am
here comes 420
Thank You
  • #165,639
  • Sep 15, 2009 6:34am Sep 15, 2009 6:34am
Quoting Bull_Bear
You know me bro... I'll take the bounce at 149.00 than join you again.... lol

I know bro

149 is tough, so I agree it's a good tp
Thank You
  • #165,640
  • Sep 15, 2009 6:41am Sep 15, 2009 6:41am
Quoting Yngwie
price should retrance now (from 1.6650 area) to 1.6550 or lower. If price break 1.6750, we consider buying mode.
I'm rich..lol
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