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Cable Update (GBPUSD)

  • #169,301
  • Sep 25, 2009 3:07am Sep 25, 2009 3:07am
Quoting Bull_Bear
Hey guys,

Looks like she gave me a canning, tech me to play the retrace with a speeding train. I'm still alive with EUR trade.....

cable -74pips....

Looks like cable is retracing now... but I'm not in a trade for now.
And, I am now planning a new trade after London close yesterday.
  • #169,302
  • Sep 25, 2009 3:10am Sep 25, 2009 3:10am
Quoting forexlion
And, I am now planning a new trade after London close yesterday.
we will now do a 50% retrace of yesterday's candle to 1.62

bottomed out @ 1.5940
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  • #169,303
  • Sep 25, 2009 3:11am Sep 25, 2009 3:11am
Quoting albchr
So watta ya think GM? Going to stay inside the range for now? I'm beginning to think so again and may just hop the northbound for another trip.
I didn't like the sharp rejection from low 1.5900s Chris, so I exited the shorts at 1.5993...
Having said that, aftermath swings are possible...hey it's freaky friday and I'd rather stay out from now on....unless of course one of the geniuses Big Ben or King come out and say something really clever......
Hear the music before the song is over ...
  • #169,304
  • Sep 25, 2009 3:11am Sep 25, 2009 3:11am
Quoting akumelayu
why u say 1.5583??can i know??
I already asked him and got no response. Thus, I think it's just BS calling myself.

http://www.forexfactory.com/showpost...stcount=169269
Ghost Rider - WWTBMD?
  • #169,305
  • Sep 25, 2009 3:12am Sep 25, 2009 3:12am
Quoting forexlion
And, I am now planning a new trade after London close yesterday.
How you lion?.... Is it me man but I find it hard to understand you sometimes? elaborate a bit more mate
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #169,306
  • Sep 25, 2009 3:16am Sep 25, 2009 3:16am
Quoting GlobalMacro
I didn't like the sharp rejection from low 1.5900s Chris, so I exited the shorts at 1.5993...
Having said that, aftermath swings are possible...hey it's freaky friday and I'd rather stay out from now on....unless of course one of the geniuses Big Ben or King come out and say something really clever......
That's what I was seeing as well. That's pretty much the bottom of the range we've been in for me. With that much momentum and not breaking it? I think we're staying in the range for a while longer.

Thanks GM.........
Ghost Rider - WWTBMD?
  • #169,307
  • Sep 25, 2009 3:20am Sep 25, 2009 3:20am
Today's lows are around the Dly S1 pivot, and with the asian/overnight sell off to the 5915 lows, alreadry @ 82% of the average 20day pip range.

The Daily chart as I see it is below, the ascending potential support trend line breeched to the downsidee again with y/day's fall...also a descending channel going on (red/green dotted lines) on this t/f?

G/L

http://i33.tinypic.com/2qcl1r8.gif
ex member
  • #169,308
  • Sep 25, 2009 3:30am Sep 25, 2009 3:30am
Quoting albchr
That's what I was seeing as well. That's pretty much the bottom of the range we've been in for me. With that much momentum and not breaking it? I think we're staying in the range for a while longer.

Thanks GM.........

Don't mention it....anytime, my friend...
Hear the music before the song is over ...
  • #169,309
  • Sep 25, 2009 3:35am Sep 25, 2009 3:35am
Quoting bbmac
Today's lows are around the Dly S1 pivot, and with the asian/overnight sell off to the 5915 lows, alreadry @ 82% of the average 20day pip range.

The Daily chart as I see it is below, the ascending potential support trend line breeched to the downsidee again with y/day's fall...also a descending channel going on (red/green dotted lines) on this t/f?

G/L

http://i33.tinypic.com/2qcl1r8.gif
I like that channel.
Probability Professor
  • #169,310
  • Sep 25, 2009 3:37am Sep 25, 2009 3:37am
Price action subsequent to the Boe minutes have shown what a false sense of security they were with King going on to talk the £ down y/day again after last week's dovish testimony to the trsy select cmttee. All eyes to the G20 who will do little to destabilise the current equities recovery hoping it stays generally V shaped not W.
ex member
  • #169,311
  • Sep 25, 2009 3:38am Sep 25, 2009 3:38am
the gbp reach its 61.8 on the daily.

could bounce back to the 50? correct me if give a wrong comment.

just my 2 pips
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  • #169,312
  • Sep 25, 2009 3:40am Sep 25, 2009 3:40am
What's up playaz
I know it's cable
Thank You
  • #169,313
  • Sep 25, 2009 3:41am Sep 25, 2009 3:41am
Quoting TauTrader
Good day to you all,

Herewith some levels I consider to be important to me. Numbered and referenced:

1) 1.6020 - the low of yesterday. Price may break back above. Will look @ price action here. Fresh bulls may be sucked in here. So one may expect a 20 to 40 pip move above. Will wait for the retrace. Then decide. Bears may push price below this again. Fresh bulls may panic and sell off...
Or we continue north for a bit.
2) First target then 1.6079.
3) Retrace could then go up to 1.6151, the low of August.

If the 1) scenario plays out, we will...
Ok, price went above, then retraced. But there was no sell off at this point - so if price cross 1) - a good probability for a long. ( this is just my thought). As mentioned, I only go for 10 to 20 pips a shot. But may aim for 1.6070, depending.
  • #169,314
  • Sep 25, 2009 3:42am Sep 25, 2009 3:42am
61.8% of which up swing? ? - . Thx

Quoting noobfx
the gbp reach its 68% on the daily.

could bounce back to the 50%? correct me if give a wrong comment.

just my 2 pips
ex member
  • #169,315
  • Sep 25, 2009 3:42am Sep 25, 2009 3:42am
Quoting Galation
I like that channel.
Agreed. I posted the same one a while back. Sure seems to be respected ATM.
Ghost Rider - WWTBMD?
  • #169,316
  • Sep 25, 2009 3:42am Sep 25, 2009 3:42am
Quoting wormboy
What's up playaz
I know it's cable
lalaallala...allloooo my frennnnn..ape dah jadi..ape dah jdi..sampai skrg aku xkwin lagi..huahuahuhauauua
  • #169,317
  • Sep 25, 2009 3:46am Sep 25, 2009 3:46am
Along with the daily I posted a while back. The 15m & 1H make me think we're going up for a bit now.
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Ghost Rider - WWTBMD?
  • #169,318
  • Sep 25, 2009 3:46am Sep 25, 2009 3:46am
Good day to you,

After EU retraced from 1.4700 - I think you are now on your way for a few?
  • #169,319
  • Sep 25, 2009 3:49am Sep 25, 2009 3:49am
Quoting akumelayu
lalaallala...allloooo my frennnnn..ape dah jadi..ape dah jdi..sampai skrg aku xkwin lagi..huahuahuhauauua
hehe .. long jea 100 - 200 pips then lari
Thank You
  • #169,320
  • Sep 25, 2009 3:50am Sep 25, 2009 3:50am
Quoting bbmac
61.8% of which up swing? ? - . Thx
im not good in explaining...im just a noob
still learning to "un-noob" myself
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