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Cable Update (GBPUSD)

  • #168,541
  • Sep 24, 2009 2:23am Sep 24, 2009 2:23am
Quoting albchr
Good MAE Everyone....
morning, slept well?
  • #168,542
  • Sep 24, 2009 2:28am Sep 24, 2009 2:28am
Quoting Fx1618
morning, slept well?
Yep, I got about 2 hours...LOL

So an interesting 1H here. Perhaps a break today? If we close below 6330 area (purposely as Tau would say).
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.gif Size: 35 KB
Ghost Rider - WWTBMD?
  • #168,543
  • Sep 24, 2009 2:32am Sep 24, 2009 2:32am
Beautiful Chart,

Head & Shoulders to the Down SIDE !
I will work to Objectively Identify my Edges
  • #168,544
  • Sep 24, 2009 2:33am Sep 24, 2009 2:33am
Wow wot happened there....
  • #168,545
  • Sep 24, 2009 2:35am Sep 24, 2009 2:35am
Quoting TerpFan2
Beautiful Chart,

Head & Shoulders to the Down SIDE !
Wasn't expecting it "quite" that fast but.....
Ghost Rider - WWTBMD?
  • #168,546
  • Sep 24, 2009 2:35am Sep 24, 2009 2:35am
Got TiPPed OVER...

On all the pairs,
AT the SAME TIME !
I will work to Objectively Identify my Edges
  • #168,547
  • Sep 24, 2009 2:36am Sep 24, 2009 2:36am
Ya wat happen suddenly drop? i just close my short @ 1.6337. Next moment i saw it went to 1.6263. Wasted so much pips. So worry it will rise back end up it drop. No luck.
  • #168,548
  • Sep 24, 2009 2:37am Sep 24, 2009 2:37am
Attached Image
  • #168,549
  • Sep 24, 2009 2:37am Sep 24, 2009 2:37am
Quoting leesm
Ya wat happen suddenly drop? i just close my short @ 1.6337. Next moment i saw it went to 1.6263. Wasted so much pips. So worry it will rise back end up it drop. No luck.
Why did you close it?
Ghost Rider - WWTBMD?
  • #168,550
  • Sep 24, 2009 2:38am Sep 24, 2009 2:38am
Quoting Qu|cksilver
Hi,
Does anyone agree cable may go up to 1.9050 area? or will continue bearish when the market open on monday?
it is a bit high!
well apparently not!
but it may in the following days, since the usd may go up if positive news releases...
  • #168,551
  • Sep 24, 2009 2:39am Sep 24, 2009 2:39am
0736 GMT [Dow Jones] Sterling drops like a stone after BOE governor King says a weaker sterling is helping rebalance the UK economy. GBP/USD prints a low of 1.6269 from the day's high of 1.6384, while EUR/GBP adds 30 ticks to 0.9072. (GST)
  • #168,552
  • Sep 24, 2009 2:40am Sep 24, 2009 2:40am
Yesterday's bearish inverted hammer has seen price pullback from post fomc 6467 (area of 76.4% fib 6567-6111) Hi to previous 1hr swing lo =potential supp zone/61.8% 6220-6467 rising to prev 1hr swing lo=potential sbr zone where it has found resistance for a sharp fall to current lows around 6265

1hr chart as I see it looks as below:

G/L

http://i38.tinypic.com/2d8259e.gif
ex member
  • #168,553
  • Sep 24, 2009 2:41am Sep 24, 2009 2:41am
Quoting albchr
Yep, I got about 2 hours...LOL

So an interesting 1H here. Perhaps a break today? If we close below 6330 area (purposely as Tau would say).
Good morning to you
  • #168,554
  • Sep 24, 2009 2:42am Sep 24, 2009 2:42am
It looks pretty sure now... Is all the way SOUTH. All Bears go SOUTH.
  • #168,555
  • Sep 24, 2009 2:42am Sep 24, 2009 2:42am
Quoting albchr
Why did you close it?
News coming out so wanted to close my short to BE or little profit. That y i close it but didnt expect such a huge drop suddenly... Miss out 100Pip total, waste
  • #168,556
  • Sep 24, 2009 2:43am Sep 24, 2009 2:43am
Quoting Reznik
It looks pretty sure now... Is all the way SOUTH. All Bears go SOUTH.
Hw sure are you that it will be heading south? Normally if there is a spike up or down, after it turn side way and will go other way round.
  • #168,557
  • Sep 24, 2009 2:43am Sep 24, 2009 2:43am
No,

It ai'nt luck...
That's for sure. It was a beautifully forming H&Shoulders,

And Maybe Brother ObamA,
Having his hand @giving Forex A try or something
to pay for "ObamA Care"...
!

I'd just like to see the 1.6220's or another
Chart's low of the 1.6130's,
Ahh... We'll See,
I'd like to eat some MD Crab,
after this Train Ride, After the Bull / bear is eaten!
Have a fun time Gang,

Jeff
I will work to Objectively Identify my Edges
  • #168,558
  • Sep 24, 2009 2:43am Sep 24, 2009 2:43am
Quoting Tomo1
it is a bit high!
well apparently not!
but it may in the following days, since the usd may go up if positive news releases...
It never ceases to amaze me how many folks reply to the OP from over 3 years ago....
Ghost Rider - WWTBMD?
  • #168,559
  • Sep 24, 2009 2:44am Sep 24, 2009 2:44am
Quoting ThePipsMaker
0736 GMT [Dow Jones] Sterling drops like a stone after BOE governor King says a weaker sterling is helping rebalance the UK economy. GBP/USD prints a low of 1.6269 from the day's high of 1.6384, while EUR/GBP adds 30 ticks to 0.9072. (GST)
Ah - thanks - my news service was short on detail.

Huge 1 min candle - over 60 pips - and ultr high vol too.....closed some shorts at my first target of 6300 and the remainder manually at 6275.

Now I have a cheeky buy for a retrace.....
Trading Levels with WRBs
  • #168,560
  • Sep 24, 2009 2:45am Sep 24, 2009 2:45am
Quoting leesm
News coming out so wanted to close my short to BE or little profit. That y i close it but didnt expect such a huge drop suddenly... Miss out 100Pip total, waste
So set your stop to BE or a little profit. "Always" let the market take you out. But that's just me....
Ghost Rider - WWTBMD?
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