This is going to be a tough level to break through. A lot of sellers up here.
Have to chip away at it little by little. we'll have a smoother ride once we're through this bit. Next will be 1.6645.
will it be enough is the question
Cable Update (GBPUSD)
- #178,081
- Oct 21, 2009 5:16am Oct 21, 2009 5:16am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
will it be enough is the question
- #178,083
- Oct 21, 2009 5:26am Oct 21, 2009 5:26am
- Joined Mar 2008 | Status: Taking Care Of Business | 5,587 Posts
Hey GM, how about selling off some of your longs so this BITCH can drop some...Huh?....LOL
well...actually...she dropped very nicely yesterday and that was unique opportunity to load up on longs...
http://www.forexfactory.com/showpost...stcount=177759
btw, to be fair she's really acting like a lady now...
Hear the music before the song is over ...
- #178,084
- Oct 21, 2009 5:26am Oct 21, 2009 5:26am
- Joined Apr 2009 | Status: Know Your Wave | 2,640 Posts
since GU is correlating with EUR/GBP it's going to be tough.
.90 is solid stone at the moment.
Typically, I don't watch for these things, for the most part, I believe them to be as mythical as unicorns n leprechauns, but, an interesting observation to say the least.
only rich leprechans believe in SR levels.
- #178,085
- Oct 21, 2009 5:27am Oct 21, 2009 5:27am
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- #178,086
- Oct 21, 2009 5:30am Oct 21, 2009 5:30am
Thanks buddy...
well...last time I tried that name the crowd formed a line in front of my office....no,no,no,never again...
it's very impresif to have longs on very bottom of the leg.
I' m Gonna learn much from you Globalmacro...
- #178,087
- Oct 21, 2009 5:31am Oct 21, 2009 5:31am
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
If it isn't.... then we short! lol
since GU is correlating with EUR/GBP it's going to be tough.
.90 is solid stone at the moment.
only rich leprechans believe in SR levels.
So
I play SR, but not ones I can paint, prefer to work with moving averages. Typically everytime I start drawing the lines in the sand, is when I get to again understand, WHY I have adopted the strategies that I have...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- #178,088
- Oct 21, 2009 5:35am Oct 21, 2009 5:35am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
If it isn't.... then we short! lol
since GU is correlating with EUR/GBP it's going to be tough.
.90 is solid stone at the moment.
only rich leprechans believe in SR levels.
monthly is bullish so it on that so bounce is possible
wellcome to the thread
- #178,089
- Edited 6:02am Oct 21, 2009 5:39am | Edited 6:02am
- Joined Apr 2009 | Status: Know Your Wave | 2,640 Posts
If you wanna be successful, do what successful people do...
So
I play SR, but not ones I can paint, prefer to work with moving averages. Typically everytime I start drawing the lines in the sand, is when I get to again understand, WHY I have adopted the strategies that I have...
I do it the old fashioned way. I start from the highest timeframe drawing SR lines and work my way down to find the highest correlating areas.
Since MAs are in motion, they will be in a different place by the time price reaches them, sometimes MAs correlate with the SR and trend lines that I draw, sometimes they don't. But the SR levels are more accurate I found and can give you longer term targets that the MAs haven't identified yet. That's how I knew 1.65876 was a good target. We stopped at 1.65885. One ninetieth of a pip off.
(it doesn't happen like that every time, but it's nice when it does)
.
- #178,090
- Oct 21, 2009 5:41am Oct 21, 2009 5:41am
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- #178,091
- Oct 21, 2009 5:51am Oct 21, 2009 5:51am
- Joined Apr 2009 | Status: Know Your Wave | 2,640 Posts
look like theres another trader in in here with good insight..we looking at the same thing brother!!! i agree .90 is solid but need to be solid on 4hr as well to give any chance
monthly is bullish so it on that so bounce is possible
wellcome to the thread
I really like your analysis as well.
4H is pancaked on the bottom with nowhere else to go... lol
it's going to have to bounce sooner or later.
- #178,096
- Oct 21, 2009 6:19am Oct 21, 2009 6:19am
- Joined Apr 2009 | Status: Know Your Wave | 2,640 Posts
- #178,099
- Edited 6:48am Oct 21, 2009 6:32am | Edited 6:48am
- | Commercial User | Joined Oct 2008 | 5,712 Posts
http://www.forexfactory.com/showpost...stcount=173641
Take a look at chart in my earlier post....as per above link
am so sorry as i have not much time to reply the same thing again n again. .
Good luck
Take a look at chart in my earlier post....as per above link
am so sorry as i have not much time to reply the same thing again n again. .
Good luck
- #178,100
- Oct 21, 2009 6:48am Oct 21, 2009 6:48am
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!