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Cable Update (GBPUSD)

  • #193,701
  • Jan 17, 2010 3:04pm Jan 17, 2010 3:04pm
salam hi all
  • #193,702
  • Jan 17, 2010 3:19pm Jan 17, 2010 3:19pm
lol no body her shocked cuz the cable went north not much though i will be shorting @16300
  • #193,703
  • Jan 17, 2010 3:20pm Jan 17, 2010 3:20pm
I'm short - and staying that way.
  • #193,704
  • Jan 17, 2010 3:30pm Jan 17, 2010 3:30pm
Quoting scottik187
I'm short - and staying that way.
am also shorting from 1.6335 what the high of today do u think?
  • #193,705
  • Jan 17, 2010 4:51pm Jan 17, 2010 4:51pm
got a short in action

Attached Image
  • #193,706
  • Jan 17, 2010 5:02pm Jan 17, 2010 5:02pm
Quoting jose_escobar22
got a short in action

Attachment
i guess it time for pound to be in a downtrend....probbably another 100 pips....what say you bro.
  • #193,707
  • Jan 17, 2010 5:08pm Jan 17, 2010 5:08pm
Quoting jose_escobar22
got a short in action

Attachment
is it possible cable will break 1.6270 today or may see some consolidations i am shorting from 1.6335 and i added few more at 1.6290?
  • #193,708
  • Jan 17, 2010 5:20pm Jan 17, 2010 5:20pm
fx broker i would really like to see the 1.6200 area break for me to keep these shorts in play but only time will tell
  • #193,709
  • Jan 17, 2010 5:27pm Jan 17, 2010 5:27pm
Quoting fx broker
is it possible cable will break 1.6270 today or may see some consolidations i am shorting from 1.6335 and i added few more at 1.6290?
Going off of the 4hr...we are currently sat on or about on the 24SMA support line. If we hold and close underneath here, next support is the 200ema and 55ema, prices circled on chart.

We found support on this line Friday and immediate trend as per daily is still long, can only be negated by losing the 24sma on the daily.
Attached Image (click to enlarge)
Click to Enlarge Name: support.jpg Size: 105 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #193,710
  • Jan 17, 2010 5:39pm Jan 17, 2010 5:39pm
hallo...any one can explain....why in the morning monday like this price often not in same level (far enough i mean) beetween 1 broker and the other... i use 3 broker (1 live and 2 demo)..and now all give different price...
I will be the number one Manager.
  • #193,711
  • Jan 17, 2010 5:52pm Jan 17, 2010 5:52pm
Quoting javapips
hallo...any one can explain....why in the morning monday like this price often not in same level (far enough i mean) beetween 1 broker and the other... i use 3 broker (1 live and 2 demo)..and now all give different price...
FX is an over the counter instrument, the brokers (mkt makers ) can charge and price them the way they want hence they are all close but not exact, its liking shopping for a certain product at 3 different stores the price will be close to the same but not exact , tht may not be the technical explanation but it is a rough idea
  • #193,712
  • Jan 17, 2010 5:56pm Jan 17, 2010 5:56pm
Quoting digger1
FX is an over the counter instrument, the brokers (mkt makers ) can charge and price them the way they want hence they are all close but not exact, its liking shopping for a certain product at 3 different stores the price will be close to the same but not exact , tht may not be the technical explanation but it is a rough idea
Use an ECN
  • #193,713
  • Jan 17, 2010 5:58pm Jan 17, 2010 5:58pm
Quoting konrad20
Use an ECN
totally agree lol, then the price is controlled by the banks which all have a little different price , ecn routing gives you the best price of all the banks a particular broker uses for liquidity
  • #193,714
  • Jan 17, 2010 6:19pm Jan 17, 2010 6:19pm
Quoting digger1
FX is an over the counter instrument, the brokers (mkt makers ) can charge and price them the way they want hence they are all close but not exact, its liking shopping for a certain product at 3 different stores the price will be close to the same but not exact , tht may not be the technical explanation but it is a rough idea
sure...it might be like that....

(this is not place to talk broker...but just a litle please...could you give some recomendation ECN broker...for 'long life demo' i mean.. i just need the price data )
I will be the number one Manager.
  • #193,715
  • Jan 17, 2010 6:33pm Jan 17, 2010 6:33pm
CABLE TECHS

Firm undertone seen today...............

CABLE TECHS: Firm undertone seen today

RES 3 $1.6479 61.8% r of $1.6879-1.5832

RES 2 $1.6412 Dec 16 high

RES 1 $1.6357 Last Friday`s high

CURRENT LEVEL: $1.6266

SUP 1 $1.6211 Last Friday`s low

SUP 2 $1.6063 Tuesday`s low

SUP 3 $1.5957 Last Friday`s NY low

COMMENTARY: Breach of Friday`s NY high at $1.6320 signals recent upmove

has possibly resumed yield re-test of $1.6357 above that extends gains

to $1.6412. Only below $1.6211 signals top for $1.6163. Daily close

below $1.6195 (previous resistance) confirms upmove has made a top

weakness to $1.6063 to follow.
1/17/2010 8:36:28 PM
  • #193,716
  • Edited 6:55pm Jan 17, 2010 6:43pm | Edited 6:55pm
My platform today is :

1. DP today ( 07.00 AM GMT+7) is 1.6277
2. Confirmed more down H4 should break 1.6241.
3. Confirmed uptrend on London session H1/H4 should stay above 1.6277 and should break 1.6354/367

I don't trade untill London session open.

I may go long surrounding :

1.6224/241 or 1.6277/309

I may go short surrounding :

1. 1.6354/367 or 1.6277/309
Attached Image (click to enlarge)
Click to Enlarge Name: 180110.gif Size: 85 KB
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #193,717
  • Jan 17, 2010 7:02pm Jan 17, 2010 7:02pm
Currently may go to at least 1.6309/12 because a new H1 candle held above 1.6277 !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #193,718
  • Jan 17, 2010 7:04pm Jan 17, 2010 7:04pm
Quoting manize
Currently may go to at least 1.6309/12 because a new H1 candle held above 1.6277 !
buy @6289 target 6310..
Patience + Discipline =
  • #193,719
  • Jan 17, 2010 7:18pm Jan 17, 2010 7:18pm
Quoting Jemmy
buy @6289 target 6310..
don't mind me asking....
what makes you think it will touch 163++....
  • #193,720
  • Jan 17, 2010 7:23pm Jan 17, 2010 7:23pm
PA still in stalling/pb mode since breaching bullish trigger/threshold @16348 lvl.
New bearish trigger @16185 is likely to hold and will break to the upside of the higher band of the Prevailing consol mode located @16770/16890 level capped by 17035lvl as soon as e/u have recovered from its current bearish squeeze.

Sellers/shorters of this pairs will have to bear some pain and most will likely to bail once the upside thrust is under way.

Assuming If and when the bearish trigger@16185 is breached(very unlikely unless some fundamental bombshell happen) PA will still pb to 16250-16300 before declining to the lower band of the Prevailing consol mode located @15800/15850 level. (This will be the real opportunity to short in this unlikely scenario actually)

S/t Momentum is still showing strength with no sign of weakness yet.

GL and trade well......
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