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Cable Update (GBPUSD)

  • #197,641
  • Feb 2, 2010 2:45am Feb 2, 2010 2:45am
Quoting dil
DONT LISTEN to anybody in forum or Forex use your charts , and strategy this is only way you survive
So true...
Half are short and half are longs...better do it yourself cause 50% are wrong
COT: The precious data ignored
  • #197,642
  • Feb 2, 2010 2:45am Feb 2, 2010 2:45am
Quoting dil
DONT LISTEN to anybody in forum or Forex use your charts , and strategy this is only way you survive

thank...i use my own chart...but now dont see clear derection where gu going...just want to ask more experince where gu going....1.58 or 1.60..what u think master?
Revesal Trader
  • #197,643
  • Feb 2, 2010 2:47am Feb 2, 2010 2:47am
Bullish pinbar close on yesterday's candle....1hr from yesterday's Hi has printed a HH, L (below last HL) LH and now a LL at today's current intraday low that has taken out the 50% of yesterday's recovery. Some Uk data due @ 0930 am gmt...not generally/historically very market-moving, but anything can happen.

G/L with all the predictions, Lol!
ex member
  • #197,644
  • Feb 2, 2010 2:48am Feb 2, 2010 2:48am
Quoting mygoldenpips
thank...i use my own chart...but now dont see clear derection where gu going...just want to ask more experince where gu going....1.58 or 1.60..what u think master?
Half thinks 1.60 half thinks 1.58

But general sentiment is that it might go up to 1.60-1.61 area before resuming the fall toward 1.57 area...

Edit: Im gonna go get some coffee...
  • #197,645
  • Feb 2, 2010 2:54am Feb 2, 2010 2:54am
Quoting skiffx
Half thinks 1.60 half thinks 1.58

But general sentiment is that it might go up to 1.60-1.61 area before resuming the fall toward 1.57 area...

Edit: Im gonna go get some coffee...

thank master....right now i stay aside first.....see where it going to take us..
Revesal Trader
  • #197,646
  • Feb 2, 2010 3:16am Feb 2, 2010 3:16am
CABLE: Moves below the Asian base at $1.5920 to extend intraday lows to
$1.5904. Bids reported in place around $1.5900 ($1.5898 61.8%
$1.5850/1.5975). A break and clear below the figure to open a deeper
move toward $1.5880. The $1.5850 level said to still hold barrier
interest despite lows being recorded there Monday.

Provided by: Market News International
  • #197,647
  • Feb 2, 2010 3:20am Feb 2, 2010 3:20am
Quoting damonl
Shit..missed my long scalp exit AGHHHH!!!!!!!
Pay attention when you trade and don't chat so much here all the time, LOL.

Saved the YouTube postings, so tomorrow I can play them, gracias amigo.
  • #197,648
  • Feb 2, 2010 3:31am Feb 2, 2010 3:31am
US futures driving it up..
  • #197,649
  • Feb 2, 2010 3:48am Feb 2, 2010 3:48am
Quoting intrepid1
US futures driving it up..
They are flat
  • #197,650
  • Feb 2, 2010 3:49am Feb 2, 2010 3:49am
out of market right now..just waitin till friday "NFP" have a nice trade every one
  • #197,651
  • Feb 2, 2010 4:03am Feb 2, 2010 4:03am
CABLE: Recovery faltered just above $1.5950 with pullback finding
support sub $1.5920 ($1.5916 76.4% $1.5004/51). Rate currently trades
around $1.5925. Bids now seen placed from around $1.5915 through to
$1.5900. Resistance $1.5950/55.

Provided by: Market News International
  • #197,652
  • Feb 2, 2010 4:06am Feb 2, 2010 4:06am
Hey Fly2, you still holding your g/u ? For those of you that didn't, buy this dip. Even if the fib levels fail to hold up, there is great support here on the 4hr.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 233 KB
  • #197,653
  • Feb 2, 2010 4:11am Feb 2, 2010 4:11am
Quoting big_pipin
Hey Fly2, you still holding your g/u ? For those of you that didn't, buy this dip. Even if the fib levels fail to hold up, there is great support here on the 4hr.
Fibo or not...buying on such price action is way too dangerous....i'll stick to short until i see an opportunity

If 1.5900 holds again i might add longs
COT: The precious data ignored
  • #197,654
  • Feb 2, 2010 4:12am Feb 2, 2010 4:12am
What do you mean by "such price action" ?
  • #197,655
  • Feb 2, 2010 4:13am Feb 2, 2010 4:13am
long short ????? darn flip the coin no trend wating short from 16000

i dont know hellwith it long for now
  • #197,656
  • Feb 2, 2010 4:15am Feb 2, 2010 4:15am
Quoting big_pipin
What do you mean by "such price action" ?
Check out the last 2 candles (ignore the current one)
One big down candle and the next one trying to go higher but closing near it's open...a load of sellers @ 1.5950 brought back the price toward 1.5920...probably because they are all bearish

Just my way of seeing things....i might be wrong

GL
COT: The precious data ignored
  • #197,657
  • Feb 2, 2010 4:18am Feb 2, 2010 4:18am
Quoting big_pipin
What do you mean by "such price action" ?
Weak momentum on upper movements, meaning its safer to trade selling rallies.
  • #197,658
  • Feb 2, 2010 4:34am Feb 2, 2010 4:34am
Attached Image (click to enlarge)
Click to Enlarge Name: shs.GIF Size: 13 KB
  • #197,659
  • Feb 2, 2010 4:37am Feb 2, 2010 4:37am
Yea, nice chart there. I'm long too. It's gonna AT LEAST retest 1.5975 area. Also the sell off 5950 was smaller than the buy at the bottom. It will eventually break up, if not, we'll see some happy bearish faces
  • #197,660
  • Feb 2, 2010 4:40am Feb 2, 2010 4:40am
1.605
1.602
1.598
1.5923 последняя цена
1.59
1.585
1.578

http://www.tradingcentral.com/chart/...0202095316.gif
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