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Cable Update (GBPUSD)

  • #185,881
  • Dec 3, 2009 10:14pm Dec 3, 2009 10:14pm
Quoting Scrmnegl
It looks to have broken support and with the recent double top I am liking it short.
agreed..thats why im shorting rite now...
and will only add another short if can break 1.6523...
below that level i will target 1.6495
  • #185,882
  • Dec 3, 2009 10:15pm Dec 3, 2009 10:15pm
Quoting Yngwie
Sold 146.00 TP 145.20
Dont have position for GU atm, still holding short for GJ so far so good +35 pips..
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #185,883
  • Dec 3, 2009 10:24pm Dec 3, 2009 10:24pm
Quoting Yngwie
Dont have position for GU atm, still holding short for GJ so far so good +35 pips..
Waiting here myself...

Wondering if we see a run for daily pivot or continue to sink....Right now, I don't see enough happening to make any play worthy.

Will see what happens next attack @ 15m resistance line.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #185,884
  • Dec 3, 2009 10:27pm Dec 3, 2009 10:27pm
Quoting thetruthspy
agreed..thats why im shorting rite now...
and will only add another short if can break 1.6523...
below that level i will target 1.6495

I like it below 23 as well
  • #185,885
  • Dec 3, 2009 10:32pm Dec 3, 2009 10:32pm
Quoting Magix
Waiting here myself...

Wondering if we see a run for daily pivot or continue to sink....Right now, I don't see enough happening to make any play worthy.

Will see what happens next attack @ 15m resistance line.
IMO, 6585 will be a great resistence(below today pivot)...just my thought...
  • #185,886
  • Dec 3, 2009 10:37pm Dec 3, 2009 10:37pm
its funny how a lot of you guys expect these huge moves before NFP. Patience...wait for London. Nothing is going to happen in Asia.
  • #185,887
  • Dec 3, 2009 10:40pm Dec 3, 2009 10:40pm
Quoting thetruthspy
IMO, 6585 will be a great resistence(below today pivot)...just my thought...

6570-85 is area I was thinking, as high as a possible 6620..

Wouldn't that be nice?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #185,888
  • Dec 3, 2009 10:43pm Dec 3, 2009 10:43pm
Quoting Magix
6570-85 is area I was thinking, as high as a possible 6620..

Wouldn't that be nice?
i will try too if 6585 break...and maybe target at 6616
  • #185,889
  • Dec 3, 2009 10:50pm Dec 3, 2009 10:50pm
Quoting thetruthspy
i will try too if 6585 break...and maybe target at 6616
This is what I am looking @...area in yellow for range.

Has traced back on time every other day of this week.
Attached Image (click to enlarge)
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #185,890
  • Dec 3, 2009 10:56pm Dec 3, 2009 10:56pm
have a look at the my USD chart.

Its interesting....with inverted head and shoulders which normally breaks and pushes higher. Looks like we are going to have another negative day on the US markets tomorrow.
Attached Image
  • #185,891
  • Dec 3, 2009 11:03pm Dec 3, 2009 11:03pm
Quoting jesterx
have a look at the my USD chart.

Its interesting....with inverted head and shoulders which normally breaks and pushes higher. Looks like we are going to have another negative day on the US markets tomorrow.
I might be a little rusty on my chart patterns, but this is how a h/s plays out....and didn't

But then again, I think chart and candle patterns are so open to interpretation that you can see just about anything you want... Thus my avatar...It was a 5 mins of a 1m chart of cable from the other day...

I am not saying your wrong in the way things might go...but with NFP, I don't expect a lotta strength in the dollar.

**shrugs shoulders**

If something doesn't happen in the next 7 minutes, I going to bed anyways and won't be back til Monday, so....whutever...
Attached Image
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #185,892
  • Dec 3, 2009 11:22pm Dec 3, 2009 11:22pm
Quoting samdani786
Hello everyone, Wish you guys and gals a very veyr pippin session

PO Buy Limit at 16500

fib. Ret. 61.8
fib. Ext. 127
Previous support lavel
Even #
____________________

Ofcourse PA can neglect everything just to screw me over
anyway.

Lets see
Comming down to suck me in ( I hope it goes back up after taking me in )
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #185,893
  • Dec 3, 2009 11:23pm Dec 3, 2009 11:23pm
Ops forgot the chart
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The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #185,894
  • Dec 3, 2009 11:28pm Dec 3, 2009 11:28pm
Nothing to do so took a small Aud/Cad short at 9750 for the heck of it
Lets see
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The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #185,895
  • Dec 3, 2009 11:28pm Dec 3, 2009 11:28pm
I'm in short at 1.6526
  • #185,896
  • Dec 3, 2009 11:35pm Dec 3, 2009 11:35pm
the way the dollar is at the moment, I cant see how a short is a bad play for now.

Things could turn but for now I think a short is the smart play.
  • #185,897
  • Dec 3, 2009 11:37pm Dec 3, 2009 11:37pm
Quoting jesterx
the way the dollar is at the moment, I cant see how a short is a bad play for now.

Things could turn but for now I think a short is the smart play.


Only takin it to double zero
  • #185,898
  • Dec 3, 2009 11:43pm Dec 3, 2009 11:43pm
1.6533 is a historical support level. I have no idea why (too lazy to go back further than my 4hr tf) but around this area has resulted in a bounce up. It does look like a further short day but I'm waiting for price to clear 1.652 for confirmation.
The trend is not your friend, it's your master.
  • #185,899
  • Dec 3, 2009 11:45pm Dec 3, 2009 11:45pm
Quoting Cultured
1.6533 is a historical support level. I have no idea why (too lazy to go back further than my 4hr tf) but around this area has resulted in a bounce up. It does look like a further short day but I'm waiting for price to clear 1.652 for confirmation.


yea I'm thinking I jumped the gun on this because now it's stalled which I don't like but I de believe in my analysis so only time will tell.
  • #185,900
  • Dec 3, 2009 11:46pm Dec 3, 2009 11:46pm
Quoting Cultured
1.6533 is a historical support level. I have no idea why (too lazy to go back further than my 4hr tf) but around this area has resulted in a bounce up. It does look like a further short day but I'm waiting for price to clear 1.652 for confirmation.
Hi

Monthly Pivot at 1.6526. If broken, could see move downwards
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