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Cable Update (GBPUSD)

  • #167,721
  • Sep 22, 2009 10:13am Sep 22, 2009 10:13am
Quoting malcolmb14
so thought i would join in 1.6400 holds that is a 300 pip reatrce in 48 hrs...

unless we get some super juice tomorrow and USD has bad news GU will likely reverse off the resistance zone 1.6400

how about we range 1.6100 to 1.6400 now..... that would be ok about 600 pip per week. ..assuming 2 waves within channel

UNLESS something changes in statement tomorrow i think we stay in ranging conditions

it is not until the indexes decide to come off that we are going to really start to see the down move in gu happen. :ets face it global indexes...
1.6400 looks pretty defenseless atm....but range works for me too...as long as they eventually break out to the upside....
Hear the music before the song is over ...
  • #167,722
  • Sep 22, 2009 10:13am Sep 22, 2009 10:13am
Quoting ams
Funny Indeed, I bet your wife must be a happy bunny. Good man you are Tau.

I Reckon 64200 is something to watch and short cable with tight stop of 30- pips.
Add lots every 50 pips on the southbound.
I can't believe my eyes, someone is actually buying pound compare to EU for a change this time, lol..
I agree - a very good technical level to attempt a small stab at her. I have 1.6426 as that number - the 50% monthly range. Will follow with interest. If price falls short of your 1.6420, the same attempt could be launched from 1.6391 - opening price of 2 weeks ago. (just a thought)....

Wish you health, wealth and happiness

Regards
  • #167,723
  • Sep 22, 2009 10:17am Sep 22, 2009 10:17am
Quoting wormboy
Before Before next year 5300. I'll have you hold on to what I said bro hehe. You can laaaaaaaaugh all you want at me if we don't get there by then.
But when we do .......
LOL....OK, OK....I'll have mercy....lol ...so you've got time until the end of the year...bring it on...

but what are we gonna do when we haven't seen 1.5300 until then....Hmmm....
Hear the music before the song is over ...
  • #167,724
  • Sep 22, 2009 10:18am Sep 22, 2009 10:18am
The 3 pinbars on 1hr up from the prev 4hr swing lo =prev supp = potential support zone (co-existant on the daily t/f,) followed by the daily doji close yesterday indi cated the move higher.

What will save the bears? Well above current price is the previous 4hr swing lo=previous support=potential sbr zone and in that zone the descending 1hr/4hr potential resistance Trend line and the 50% of total 6740-6131 move @ 6435 and below here the 61.8% of 6567-6131 @ 6400, 50% of 6656-6131 being just below the zone @ 6394.

Price is currently trading @ 105% of it's20day average range.

G/L

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ex member
  • #167,725
  • Sep 22, 2009 10:20am Sep 22, 2009 10:20am
Quoting GlobalMacro
1.6400 looks pretty defenseless atm....but range works for me too...as long as they eventually break out to the upside....
lol .... sure 1.9000 here we come...

did you look at the weekly and the V peak that os forming ?

more like 1.4000 here we come
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  • #167,726
  • Sep 22, 2009 10:23am Sep 22, 2009 10:23am
Quoting GlobalMacro
LOL....OK, OK....I'll have mercy....lol ...so you've got time until the end of the year...bring it on...

but what are we gonna do when we haven't seen 1.5300 until then....Hmmm....
make money what else is there left to do?
Thank You
  • #167,727
  • Sep 22, 2009 10:27am Sep 22, 2009 10:27am
Quoting malcolmb14
lol .... sure 1.9000 here we come...

did you look at the weekly and the V peak that os forming ?

more like 1.4000 here we come

1.9000???....lol

Who said 1.9000???

I said eventually......

Let's take it a step at a time...and work out the range first....
then.....when we had enough fun with it we -- bulls -- gonna choose the place and time of the sweet, sweet breakout of our choosing....

but 1.5300 and 1.4000.....as the Californians say...NO WAY JOSE!!!!!
Hear the music before the song is over ...
  • #167,728
  • Sep 22, 2009 10:31am Sep 22, 2009 10:31am
Quoting malcolmb14
lol .... sure 1.9000 here we come...

did you look at the weekly and the V peak that os forming ?

more like 1.4000 here we come
Weekly TF talk for itself!
1.64xx = Upper trend line channel on 4h... still into, still down.
  • #167,729
  • Sep 22, 2009 10:32am Sep 22, 2009 10:32am
my big target..still 1.5300..go go wb....u are not alone...
  • #167,730
  • Sep 22, 2009 10:32am Sep 22, 2009 10:32am
To 1.6453 first
  • #167,731
  • Sep 22, 2009 10:32am Sep 22, 2009 10:32am
Quoting GlobalMacro

but 1.5300 and 1.4000.....as the Californians say...NO WAY JOSE!!!!!

well....maybe in 5 to 10 years time??????
Maybe not. Californians got no money & almost bankrupt. They don't know anything about trading ... & neither does Jose
Thank You
  • #167,732
  • Sep 22, 2009 10:33am Sep 22, 2009 10:33am
Quoting traderfx
i close half my trade at 1.6377
u are the best trader i know..i cant believe yur system is so accurate...keep it up buddy..
  • #167,733
  • Sep 22, 2009 10:34am Sep 22, 2009 10:34am
Quoting akumelayu
my big target..still 1.5300..go go wb....u are not alone...
woot woot
Thank You
  • #167,734
  • Sep 22, 2009 10:35am Sep 22, 2009 10:35am
Quoting wormboy
Maybe not. Californians got no money & almost bankrupt. They don't know anything about trading ... & neither does Jose
lol...
you'd be surprised to find out how much Jose knows about "trading" in fact he's the master "Trader".....
Hear the music before the song is over ...
  • #167,735
  • Sep 22, 2009 10:35am Sep 22, 2009 10:35am
Short at 1.6390 SL at 1.6500 I always follow my game plan.
  • #167,736
  • Sep 22, 2009 10:37am Sep 22, 2009 10:37am
Quoting GlobalMacro
1.9000???....lol

Who said 1.9000???

I said eventually......

Let's take it a step at a time...and work out the range first....
then.....when we had enough fun with it we -- bulls -- gonna choose the place and time of the sweet, sweet breakout of our choosing....

but 1.5300 and 1.4000.....as the Californians say...NO WAY JOSE!!!!!
didn't the Californians also say ' hey we are loaded look at our real estate treble in a matter of years' and now they say " quick got to run to the bank and hand the keys back in"

weekly ... never say never 1.5300 is only a 50 % retrace of the up move that is looking tired.

14 wma already curving down on weekly....see you at 1.5300... form the way the last top formed we may not see this move to 1st quarter of next year

in mean time enjoy the lovely range... i may even be retired before the drop 1st quarter as in fact ranging markets are the simplest of all markets to make money in

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  • #167,737
  • Sep 22, 2009 10:37am Sep 22, 2009 10:37am
Quoting GlobalMacro
lol...
you'd be surprised to find out how much Jose knows about "trading" in fact he's the master "Trader".....
hahaha okay chiko
I'm outta here bro, trade safe
Thank You
  • #167,738
  • Sep 22, 2009 10:38am Sep 22, 2009 10:38am
Quoting Pyramus
Short at 1.6390 SL at 1.6500 I always follow my game plan.
Nice call, that 90 was dam cute. I'm waiting 1.6420, I could be wrong.
  • #167,739
  • Sep 22, 2009 10:41am Sep 22, 2009 10:41am
Quoting malcolmb14
didn't the Californians also say ' hey we are loaded look at our real estate treble in a matter of years' and now they say " quick got to run to the bank and hand the keys back in"

weekly ... never say never 1.5300 is only a 50 % retrace of the up move that is looking tired.

14 wma already curving down on weekly....see you at 1.5300... form the way the last top formed we may not see this move to 1st quarter of next year

in mean time enjoy the lovely range... i may even be retired before the drop 1st quarter as in fact ranging markets...
shit malcolm you didn't have to reveal the whole lowdown on the 5300, now it'll be less mystical when we get there!
Shaboing boing!
Byeeeee
Thank You
  • #167,740
  • Sep 22, 2009 10:42am Sep 22, 2009 10:42am
Quoting Inzider
Nice call, that 90 was dam cute. I'm waiting 1.6420, I could be wrong.
Yeah 1.6420 is near that's why put my SL at 1.65 before I go to bed I believe we will be ranging for a while after this move.
anyway will add another Limit short once it reach there.
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