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Cable Update (GBPUSD)

  • #170,661
  • Sep 29, 2009 12:35pm Sep 29, 2009 12:35pm
Quoting direct-trade
How's tricks? Not posting much as I am concentrating on GBP/JPY for a while...Cable is being propped up by a Supernational, just waiting for them to behave and to stop fixing price.....will fall like a lead fart once they have distributed enough....


Just my opinion and I could be completely wrong...this week is going to be full of surprises me thinks.
Photo shop time !
  • #170,662
  • Sep 29, 2009 12:37pm Sep 29, 2009 12:37pm
Quoting albchr
That looks like a disaster waiting to happen huh?

Certainly does, remainds me of GBP, out there on the edge, propped up thousands of feet at 16000 by fresh air and optimisim.
  • #170,663
  • Sep 29, 2009 12:38pm Sep 29, 2009 12:38pm

CABLE: Techs from SMRA`s Michael Sacchitello;
Monday`s oversold hammer after completing 2 measured moves (the 08/05
high to the 09/01 low measured from the 09/11 high the 09/11 high to
the 09/21 low measured from the 09/23 high) and retracing 38.2% of the
03/11 through 08/05 up-leg was an important structural development.
While this was a significant enough event to establish $1.5770 as
protection for a short-term opportunity through $1.6142/$1.6372 bigger
picture risks still prevail. Specifically last Thursday`s precipitous
breach of the prior two corrective bottoms (07/08 & 09/01) of the
preceding uptrend marked an official near-term trend reversal. As long
as GBPUSD trades below $1.6467 the energy released by this reversal
will have the potential to foster further declines toward $1.5550/$1.5175.

9/29/2009 1:25:09 PM

CABLE
Techs from SMRA`s Michael Sacchitello;.......
  • #170,664
  • Sep 29, 2009 12:46pm Sep 29, 2009 12:46pm
Quoting direct-trade
I think we will see something before NY close.
Hoping she tanks!
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #170,665
  • Sep 29, 2009 12:46pm Sep 29, 2009 12:46pm
i will give it a shot..its very early....but i dunno it looks to me bullish strength is limited...

lets see.....please nobody trade of this, u will likely get killed!
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  • #170,666
  • Sep 29, 2009 12:54pm Sep 29, 2009 12:54pm
maybe some kind of bear flag..
Attached Image (click to enlarge)
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  • #170,667
  • Sep 29, 2009 1:01pm Sep 29, 2009 1:01pm
Quoting direct-trade
Certainly does, remainds me of GBP, out there on the edge, propped up thousands of feet at 16000 by fresh air and optimisim.
Ghost Rider - WWTBMD?
  • #170,668
  • Sep 29, 2009 1:12pm Sep 29, 2009 1:12pm
Quoting nAVIN2007
i will give it a shot..its very early....but i dunno it looks to me bullish strength is limited...

lets see.....please nobody trade of this, u will likely get killed!
Thanks nAV! She already faked me out! lost about 25 pips.
I am not willing to give any more!
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #170,669
  • Sep 29, 2009 1:23pm Sep 29, 2009 1:23pm
Quoting XTrade
Thanks nAV! She already faked me out! lost about 25 pips.
I am not willing to give any more!
like i said its a long shot..!! if it sinks it was because of a hunch!
  • #170,670
  • Sep 29, 2009 1:30pm Sep 29, 2009 1:30pm
we should end the week around 1.5400 - 15500
  • #170,671
  • Sep 29, 2009 1:37pm Sep 29, 2009 1:37pm
Quoting traderfx
we should end the week around 1.5400 - 15500

that would make me very happy...
hows the trading going bro?
  • #170,672
  • Sep 29, 2009 2:04pm Sep 29, 2009 2:04pm
Quoting kill
[font=Courier][size=2]

CABLE: Techs from SMRA`s Michael Sacchitello;



[left]Monday`s oversold hammer after completing 2 measured moves (the 08/05
high to the 09/01 low measured from the 09/11 high the 09/11 high to
the 09/21 low measured from the 09/23 high) and retracing 38.2% of the
[size=2][font=Courier]03/11 through 08/05 up-leg was an important structural...
I should be an analyst. How easy is it to say...

As long as we trade below xxxx we have the potential
to drop toward yyyy.

That's brilliance personified.

I did like the use of the phrase, "...energy released by this reversal".

No offense to you 'KILL'.

Dr. D.
  • #170,673
  • Sep 29, 2009 2:07pm Sep 29, 2009 2:07pm
I do not see anything out there on the GU to trade at the moment. Hope everyone enjoys massive pips this week.

Que
Que
  • #170,674
  • Sep 29, 2009 2:11pm Sep 29, 2009 2:11pm
How's this for a prognostication and profundity:

"When the PA moves from this exact point....
pictured on the chart, there will be opportunities
to go long or go short."
Attached Image
  • #170,675
  • Sep 29, 2009 2:17pm Sep 29, 2009 2:17pm
Just checking in. Yep, still dead...lol
Ghost Rider - WWTBMD?
  • #170,676
  • Sep 29, 2009 2:18pm Sep 29, 2009 2:18pm
Quoting Que
I do not see anything out there on the GU to trade at the moment. Hope everyone enjoys massive pips this week.

Que
dun see anything ?? i closed just 6035.0 pips today
  • #170,677
  • Sep 29, 2009 2:25pm Sep 29, 2009 2:25pm
You are the man if you closed 6000 pips on the GU today.

Does not change the fact that I do not see any good trades on the GU right now. That may only be because I do not hold your godly trading abilities...

Que

Quoting forexlion
dun see anything ?? i closed just 6035.0 pips today
Que
  • #170,678
  • Sep 29, 2009 2:30pm Sep 29, 2009 2:30pm
Quoting Que
You are the man if you closed 6000 pips on the GU today.

Does not change the fact that I do not see any good trades on the GU right now. That may only be because I do not hold your godly trading abilities...

Que
429 trades closed, 428 winning and 1 in red

with a maximal drawdown of just 16 pips

.
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  • #170,679
  • Sep 29, 2009 2:34pm Sep 29, 2009 2:34pm
slumberland

zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

Well I agree with whoever said it could go up or down from here so there !

Probably the best free advice we will get today and a good reason to stay out

ok off to research US extradition treaties
  • #170,680
  • Sep 29, 2009 2:42pm Sep 29, 2009 2:42pm
Quoting forexlion
429 trades closed, 428 winning and 1 in red

with a maximal drawdown of just 16 pips

.
So an average of roughly 14 pips per trade. Just curious lion, over how many hours?
Ghost Rider - WWTBMD?
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