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Cable Update (GBPUSD)

  • #174,901
  • Oct 9, 2009 2:36pm Oct 9, 2009 2:36pm
Quoting reza
Hi nAVIN

May I ask you if I have open sell on G/$ ,where can I place my TP?

Thanks
for u depends where SL is:

where there 3 lines, but i dont know for sure and i take no responcibility for your actions just saying id target

1.57 most obvious
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  • #174,902
  • Oct 9, 2009 2:42pm Oct 9, 2009 2:42pm

1 of 1

CABLE: Cable is the most unloved of the major non-dollar pairs
with the market thinking the UK economy will be the last to recover.
Cable stops kicked in earlier below $1.5860 with extension to $1.5826
before stabilizing at current levels near $1.5840. The pair stalled
earlier before the October 2 low at $1.5803. If $1.5800 (also June 8
low) is taken out then a retest of the Sept 28 low at $1.5768 is
likely traders say.

10/9/2009 3:09:58 PM

CABLE
Cable is the most unloved of the major pairs.
  • #174,903
  • Oct 9, 2009 2:48pm Oct 9, 2009 2:48pm
check volume on today drop is very low - next week 1.62-
  • #174,904
  • Oct 9, 2009 2:49pm Oct 9, 2009 2:49pm
Quoting wormboy
And this chart was posted 19 hours ago regarding EU. No gut feelings, just proper understanding of price action. Since that time EU had moved over 100 pips.
Chart : http://www.forexfactory.com/showpost...stcount=202372

No, EU does not look like it's going to 5000 based on the chart.

I don't know about chart but 4400 level as the first target could be if Market collapsed,

we'll see.. Every time EU drop 100 pips or so there is huge line of buyers.

Great though, if it could drop into 1.44 area, I'll be all over it..

Thanks
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #174,905
  • Oct 9, 2009 2:50pm Oct 9, 2009 2:50pm
i believe even when the BOE said cable should be weaker,it shouldnt be weaker more than this region,expect a stronger move higher next week,that is what i see.......
The part to success is to believe in your self
  • #174,906
  • Oct 9, 2009 2:52pm Oct 9, 2009 2:52pm
Quoting patryn
check volume on today drop is very low - next week 1.62-
Yeah, I'll take Resistance #2 around 1.6149
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #174,907
  • Oct 9, 2009 3:06pm Oct 9, 2009 3:06pm
Quoting patryn
check volume on today drop is very low - next week 1.62-
where's your volume chart?
Thank You
  • #174,908
  • Oct 9, 2009 3:14pm Oct 9, 2009 3:14pm
Quoting SkyzerFX
I don't know about chart but 4400 level as the first target could be if Market collapsed,

we'll see.. Every time EU drop 100 pips or so there is huge line of buyers.

Great though, if it could drop into 1.44 area, I'll be all over it..

Thanks

Okay good luck with your trading
Thank You
  • #174,909
  • Oct 9, 2009 3:34pm Oct 9, 2009 3:34pm
Quoting wormboy
where's your volume chart?

sorry now i can't add i have problem with print screen in my platform
  • #174,910
  • Oct 9, 2009 3:39pm Oct 9, 2009 3:39pm
Quoting kill

1 of 1


[left][font=Courier][size=2]CABLE: Cable is the most unloved of the major non-dollar pairs
with the market thinking the UK economy will be the last to recover.
Cable stops kicked in earlier below $1.5860 with extension to $1.5826
[size=2][font=Courier]before [b][color=red]stabilizing at...

A perfect close to a week.... right on a trend line.
That should leave everyone scratching their heads over the weekend.

Dr. D.
Attached Images
  • #174,911
  • Oct 9, 2009 5:25pm Oct 9, 2009 5:25pm
Friday's candle is a bearish engulfing of the body of the previous day's (Thursday) and indeed engulfs the entire Mon Tues and Weds candles of this past week also, yet the weekly pip range was only 46% of it's 52week average.
The screenshot below shows that this bearish engulfing daily candle has breeched the 50% fib fan of the 3505-7044 move up (current Yr Lo-current Yr Hi) and the close finds itself in the Previous swing lo [=previous imbalance of demand/supply=previous support ]=potential support zone on this t/f. Below this zone and the 38.2% fibs of the 3505-7044 and 3648-7044 move come into view...there being a previous minor swing hi=prev res=potential sbr zone co-existant with a more obvious previous swing hi in early January, and this exists between the 50% fibs of the moves mentioned above.
Above this is the 61.8% fib fan of the 3505-7044 move up and there is probably the bottom of the descending channel on this t/f.
http://i38.tinypic.com/fwopps.gif
The weekly candle has closed as a bearish inverted hammer:
http://i37.tinypic.com/2h4avbm.gif

G/L all for next week's trading.
ex member
  • #174,912
  • Oct 9, 2009 10:03pm Oct 9, 2009 10:03pm
Quoting patryn
sorry now i can't add i have problem with print screen in my platform
alasan je ni
  • #174,913
  • Oct 9, 2009 11:43pm Oct 9, 2009 11:43pm
Good day to you all.

Have a look! Confirmed on 2 sites....
Attached Images
  • #174,914
  • Oct 10, 2009 12:01am Oct 10, 2009 12:01am
What about this GU quote? It went up/down big?

im not near my chart.
  • #174,915
  • Oct 10, 2009 12:09am Oct 10, 2009 12:09am
Quoting MoreYummy
What about this GU quote? It went up/down big?

im not near my chart.
This is the current live quote. Market closed on my chart @ 1.5844. Price now quoted @ 1.5983. This is a 139 pip move up from close. That is all I am showing..

Regards
  • #174,916
  • Oct 10, 2009 12:16am Oct 10, 2009 12:16am
Quoting TauTrader
This is the current live quote. Market closed on my chart @ 1.5844. Price now quoted @ 1.5983. This is a 139 pip move up from close. That is all I am showing..

Regards
Yea, very interesting off market quote. There is also fair big up for E/U at same time. I just checked it also.

Take care.
  • #174,917
  • Oct 10, 2009 12:36am Oct 10, 2009 12:36am
I don't think that price quote is correct.
  • #174,918
  • Oct 10, 2009 12:44am Oct 10, 2009 12:44am
It could be true. Usually these sites are reliable before market open.

But anything can change when the actual market opens on sunday.
  • #174,919
  • Oct 10, 2009 12:49am Oct 10, 2009 12:49am
GU in bear mode, my target 1.5557
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  • #174,920
  • Oct 10, 2009 1:35am Oct 10, 2009 1:35am
Good day to you,

There are still 2 sides to this coin...

Take care

Regards
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