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Cable Update (GBPUSD)

  • #170,141
  • Sep 28, 2009 10:45am Sep 28, 2009 10:45am
Quoting nAVIN2007
will this area hold is the question?

bloody stupid thing...it doesnt look it does it!
Bro remember this? :
Inserted Video




Either you take your money now & run like carl lewis or you tighten that trail real close bro.
Thank You
  • #170,142
  • Sep 28, 2009 10:47am Sep 28, 2009 10:47am
Quoting Piters
Well so far.. looks like we are heading UP..
DPP, then 1.615 next...

[Chart]
yes it does look this way.....nice chart!

dollar strength increased it all depends on if this holds
Attached Image (click to enlarge)
Click to Enlarge Name: trade2.gif Size: 41 KB
  • #170,143
  • Sep 28, 2009 10:50am Sep 28, 2009 10:50am
Gotta get off ta werk, closed 8xGU + 3xGJ longs, total count @ +760ish.

Still holding 2x GU long 1xGJ.

Will look to add on drawback later on this evening.

Enjoy the rest of your trading day!

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #170,144
  • Sep 28, 2009 10:50am Sep 28, 2009 10:50am
Quoting samdani786
Hi Tua can you Please show the chrt for that 50 % line at 15873 ? I kind of missing it Thanks
Good day to you,

You can calculate by taking the daily high and low today so far and divide. You can do the same with the week as you progress, last week and the month. These are all good pivots / supports / resistance. ( remember this number will change as soon as a new low/high is made...

Attached my chart showing the level. Normal Fib drawn from daily high/low should give you the same?

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: gu107.gif Size: 17 KB
  • #170,145
  • Sep 28, 2009 10:53am Sep 28, 2009 10:53am
Quoting TauTrader
Good day to you,

You can calculate by taking the daily high and low today so far and divide. You can do the same with the week as you progress, last week and the month. These are all good pivots / supports / resistance. ( remember this number will change as soon as a new low/high is made...

Attached my chart showing the level. Normal Fib drawn from daily high/low should give you the same?

Regards
Hi tau, are long or are you short on this one?
Thank You
  • #170,146
  • Sep 28, 2009 10:54am Sep 28, 2009 10:54am
Quoting wormboy
Bro remember this? :
http://www.youtube.com/watch?v=ZIqoH...layer_embedded



Either you take your money now & run like carl lewis or you tighten that trail real close bro.

oh yes i will run with it.....im just giving it a chance
Attached Image (click to enlarge)
Click to Enlarge Name: trade.gif Size: 26 KB
  • #170,147
  • Sep 28, 2009 10:57am Sep 28, 2009 10:57am
Quoting nAVIN2007
oh yes i will run with it.....im just giving it a chance
lol nothing like a wonderful 500 pips cushion innit.
Masterful trading brother. Nice one
Thank You
  • #170,148
  • Sep 28, 2009 11:02am Sep 28, 2009 11:02am
Quoting wormboy
lol nothing like a wonderful 500 pips cushion innit.
Masterful trading brother. Nice one
thanks bro!
  • #170,149
  • Sep 28, 2009 11:04am Sep 28, 2009 11:04am
Good day to you,

Took some small trades in both directions during the day. Not everyone worked... Last trade went long @ 1.5820, but closed @ 1.5902..

I am of the opinion that if we can not get past 1.5964 with purpose within the next 8 to 12 hours, chances deminish for a better retrace in the short term and we may move down to 1.5812, but if we do get past 1.5964, then we may go and tango @ 1.6065

I am on the sideline....thank you for asking

My highest regards
  • #170,150
  • Sep 28, 2009 11:05am Sep 28, 2009 11:05am
Quoting TauTrader
Good day to you,

You can calculate by taking the daily high and low today so far and divide. You can do the same with the week as you progress, last week and the month. These are all good pivots / supports / resistance. ( remember this number will change as soon as a new low/high is made...

Attached my chart showing the level. Normal Fib drawn from daily high/low should give you the same?

Regards
Thanks for ur explaination . Thats helps . G/L .
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #170,151
  • Sep 28, 2009 11:06am Sep 28, 2009 11:06am
don't be greedy
  • #170,152
  • Sep 28, 2009 11:08am Sep 28, 2009 11:08am
Quoting GlobalMacro
Good Morning,

Aggressive break of friday's low in asian session
Bearish momentum heavy atm
This looks like a Runaway market

I'm selling here @ 1.5847
Price at its second attempt to break above friday's low
This level is heavily offered atm
Overall bearish momentum still intact
Pull-back offers good value for money

I am selling more here as well @ 1.5916
Attached Image
Hear the music before the song is over ...
  • #170,153
  • Sep 28, 2009 11:11am Sep 28, 2009 11:11am
So all you smart traders out there. Pound strength or dollar weakness?
Ghost Rider - WWTBMD?
  • #170,154
  • Sep 28, 2009 11:14am Sep 28, 2009 11:14am
Quoting traderfx
don't be greedy
sup brother..u long, short or flat?
  • #170,155
  • Sep 28, 2009 11:15am Sep 28, 2009 11:15am
Quoting TauTrader
Good day to you,

I am of the opinion that if we can not get past 1.5964 with purpose within the next 8 to 12 hours, chances deminish for a better retrace in the short term and we may move down to 1.5812, but if we do get past 1.5964, then we may go and tango @ 1.6065

I am on the sideline....thank you for asking

My highest regards
That double bottom on your m30 and the higher lows are whispering at you tau

Good luck to you & have a good one
Thank You
  • #170,156
  • Sep 28, 2009 11:17am Sep 28, 2009 11:17am
Quoting albchr
So all you smart traders out there. Pound strength or dollar weakness?
I am not responding to your post with an answer...as I am definitely not smart - but good question and I would also like to know what the others are saying..
  • #170,157
  • Sep 28, 2009 11:18am Sep 28, 2009 11:18am
Quoting GlobalMacro
Price at its second attempt to break above friday's low
This level is heavily offered atm
Overall bearish momentum still intact
Pull-back offers good value for money

I am selling more here as well @ 1.5916
Precisely.

If you are a scalper, then by all means risk some longs and as long as you're risk and money management is spot on, you'll have no problems.

But as GlobalMacro says, Bearish momentum is very much intact. Sustained trading below 1.6000, like we are seeing, is very bearish. Plus the aggressiveness of the initial breakout suggests we have further more to fall.

Anyone targetting 1.6300 and higher I suggest you place your stops wisely.
  • #170,158
  • Sep 28, 2009 11:19am Sep 28, 2009 11:19am
Quoting TauTrader
I am not responding to your post with an answer...as I am definitely not smart - but good question and I would also like to know what the others are saying..
The only reason I ask is I have the USD/CAD up and it's been falling like crazy. USD/CHF is as well. So I'm still holding my 5905 short.
Ghost Rider - WWTBMD?
  • #170,159
  • Sep 28, 2009 11:20am Sep 28, 2009 11:20am
i threw in an extra line
Attached Image (click to enlarge)
Click to Enlarge Name: trade3.gif Size: 23 KB
  • #170,160
  • Sep 28, 2009 11:21am Sep 28, 2009 11:21am
From my 1hr murreymath said when price go above 1.59301/8, than we might see 1.6113 4/8.
GELORE
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