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Cable Update (GBPUSD)

  • #181,861
  • Nov 9, 2009 11:20pm Nov 9, 2009 11:20pm
Hey Hey...!

Yesterday 450 USD in AUD and today
250 USD in GBP and still counting...!
Any Idea...why is this happening..? Why GBP is going down suddenly..? any news or so?
  • #181,862
  • Nov 9, 2009 11:22pm Nov 9, 2009 11:22pm
According to my charts...

Gap filled!

Bounce/Stall line is 200ma on 30m...fwiw...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #181,863
  • Nov 9, 2009 11:24pm Nov 9, 2009 11:24pm
what happend any body knows
  • #181,864
  • Nov 9, 2009 11:25pm Nov 9, 2009 11:25pm
That was nice, I put a short trade in and went to the bathroom, when I came back I was positive 125 pips. Didn't expect that in the time it took me to go to the bathroom.
  • #181,865
  • Nov 9, 2009 11:26pm Nov 9, 2009 11:26pm
WOAH
  • #181,866
  • Nov 9, 2009 11:27pm Nov 9, 2009 11:27pm
cable is doomed no news yet
  • #181,867
  • Nov 9, 2009 11:27pm Nov 9, 2009 11:27pm
Quoting Ctic
That was nice, I put a short trade in and went to the bathroom, when I came back I was positive 125 pips. Didn't expect that in the time it took me to go to the bathroom.
Wait another 12 mins, enter a short and go to the bathroom again, okay?

This is working out to be a really nice day for me.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #181,868
  • Nov 9, 2009 11:31pm Nov 9, 2009 11:31pm
This is what caused cable to go down so fast


CABLE: Fitch sends risk appetite packing as it mentions the UK is at risk of losing AAA rating.

Balaji
  • #181,869
  • Nov 9, 2009 11:31pm Nov 9, 2009 11:31pm
Quoting Magix
Wait another 12 mins, enter a short and go to the bathroom again, okay?

This is working out to be a really nice day for me.
Bleep that stay in the god damn bathroom for the next two days!

I went to bed was watching highlights of MNF looked at my phone which i keep under my pilliw to check once in a while did not believe it. checked another site said same thing. Got out of bed in the space of a pee and turning the tv off went from down 7000 to up 1000 this may be the greatest 15 minutes of my life
  • #181,870
  • Nov 9, 2009 11:32pm Nov 9, 2009 11:32pm
What was that all about?
  • #181,871
  • Nov 9, 2009 11:34pm Nov 9, 2009 11:34pm
Quoting treasurecay25
Bleep that stay in the god damn bathroom for the next two days!

I went to bed was watching highlights of MNF looked at my phone which i keep under my pilliw to check once in a while did not believe it. checked another site said same thing. Got out of bed in the space of a pee and turning the tv off went from down 7000 to up 1000 this may be the greatest 15 minutes of my life
Buwahahahahahaha...

For the long termers, I will pull a magix number outa the air, and off my charts for support...Based on a 4hr chart, I am looking @ 1.6546 as first resistance and basement being @ about 1.6425...

Plays em as you sees em!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #181,872
  • Nov 9, 2009 11:34pm Nov 9, 2009 11:34pm
what is going on ? anyone got any idea ?

es dropped 1 point ....

Nikkei dropped 10 points (nothing )

yet gj and gu drop 125 points in 15 min ...

what am i missing ?

is this some kind of shake out ?

i am buying gj 149.50 , but do not follow me ok ....
Blogging daily now at www.volume.zone
  • #181,873
  • Nov 9, 2009 11:36pm Nov 9, 2009 11:36pm
I see you my preciussssssss kkkkkkk
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My English its not very well, be patient
  • #181,874
  • Nov 9, 2009 11:36pm Nov 9, 2009 11:36pm
Quoting malcolmb14
what is going on ? anyone got any idea ?

es dropped 1 point ....

Nikkei dropped 10 points (nothing )

yet gj and gu drop 125 points in 15 min ...

what am i missing ?

is this some kind of shake out ?

i am buying gj 149.50 , but do not follow me ok ....
Wouldn't be looking for too long o hold there mal...

But thats just me mango, this is only the first wave.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #181,875
  • Nov 9, 2009 11:36pm Nov 9, 2009 11:36pm
The EUR/GBP cross (which controls traffic on GBP/USD) is in a classic cup n handle pattern (daily and weekly charts). This has been building for several weeks.

When the handle of the cup stays above the 50% retrace level, it tends to bounce very strongly north and keep going with speed to overtake the previous highs, that is, the Euro is (very likely) about to slaughter Cable.

Cable does not trade against the USD, but against the Euro, which is why watching the cross is vital.

May be best to avoid trying to catch the falling knife.

I'm long the cross from .8905 and .8910, and short cable from 1.6835-20 (several positions).

There is also word around that BIS (Bank of International Settlements in Switzerland, who handle all accounting transactions for forex trade internationally) are selling cable themselves. This move we have just seen is very typical... move the market strongly when volume is low. Don't get in the way of these guys.

Take care.

J.
  • #181,876
  • Nov 9, 2009 11:38pm Nov 9, 2009 11:38pm
did a big bank just go down or something ?


I cannot find any news any where that would drive this ....

anyone got any idea ?
Blogging daily now at www.volume.zone
  • #181,877
  • Nov 9, 2009 11:39pm Nov 9, 2009 11:39pm
Quoting malcolmb14
what is going on ? anyone got any idea ?

es dropped 1 point ....

Nikkei dropped 10 points (nothing )

yet gj and gu drop 125 points in 15 min ...

what am i missing ?

is this some kind of shake out ?

i am buying gj 149.50 , but do not follow me ok ....
http://www.forexfactory.com/showpost...stcount=181700

Chart spoke everythings....

as what i mentioned in my US-London close yesterday...........

Congratulate for those who manage to get this 6630/40 target...

am done for this week after all close for 185X3...

wait for this week close to start my new setting.....
  • #181,878
  • Nov 9, 2009 11:39pm Nov 9, 2009 11:39pm
Quoting malcolmb14
what is going on ? anyone got any idea ?

es dropped 1 point ....

Nikkei dropped 10 points (nothing )

yet gj and gu drop 125 points in 15 min ...

what am i missing ?

is this some kind of shake out ?

i am buying gj 149.50 , but do not follow me ok ....
Rating agency Fitch stating GB at risk of losing it,s AAA credit rating
  • #181,879
  • Nov 9, 2009 11:40pm Nov 9, 2009 11:40pm
Quoting siboy
Rating agency Fitch stating GB at risk of losing it,s AAA credit rating
News is OLD


Is this like a black swan event in the cable?
  • #181,880
  • Nov 9, 2009 11:41pm Nov 9, 2009 11:41pm
Good day to you,

1st one down... 2 to go...

Wish you all success

Regards
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