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Cable Update (GBPUSD)

  • #201,241
  • Feb 23, 2010 5:51am Feb 23, 2010 5:51am
All,
Put OsMA on daily chart and look at it.
there are more rooms to the down side.
  • #201,242
  • Feb 23, 2010 5:53am Feb 23, 2010 5:53am
Daily S1 @1.5432 has been broken
Daily S2 @ 1.5385
Daily S3 @ 1.5343

Weekly S1 @ 1.5261

Good Luck
  • #201,243
  • Feb 23, 2010 5:54am Feb 23, 2010 5:54am
Quoting Pyramus
Just joined the brave hearts Long @ 1.5400.
Brave heart? William Wallace died in the end
Thank You
  • #201,244
  • Feb 23, 2010 5:57am Feb 23, 2010 5:57am
Quoting wormboy
Brave heart? William Wallace died in the end
Don't worry WB I will take their body parts to the 4 corners of England .
You've got to be IN IT to WIN IT!
  • #201,245
  • Feb 23, 2010 5:58am Feb 23, 2010 5:58am
Quoting Ifty
Don't worry WB I will take their body parts to the 4 corners of England .
Don't forget Scotland!
Thank You
  • #201,246
  • Feb 23, 2010 6:05am Feb 23, 2010 6:05am
Must be some heavy stops sub 1.5390-70 ...

Selling seems relentless...

Current long participants should bail on a break of 1.5320 .... snowball effect should drag it down to 1.5260-90. Only then can I see some recovery...Just too many longs still clinging on around the 1.54-1.56 area.

Buy orders waiting at 1.5220


Of course I could be wrong...
  • #201,247
  • Feb 23, 2010 6:05am Feb 23, 2010 6:05am
Hi Guys,

Cable R. first go to 23.6 FIBO and then at Price 1.5484 before Go DOWN...
( Use M15 )

Comment Please...

Notice : Sorry for My PAINT cause I can Not DRAW Well
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-02-23_M15.jpg Size: 375 KB
Always looking the GREAT, never left GOOD Point...
  • #201,248
  • Feb 23, 2010 6:09am Feb 23, 2010 6:09am
strong support seen around 1.5390 .. has been test twice for the last 2 hours..
  • #201,249
  • Feb 23, 2010 6:10am Feb 23, 2010 6:10am
Out at 1.5410 - 152 net
Will re-short with US market.


Quoting Big1red9
Got popped for -20 then re-entered.

No weekly support till 5200 then 5000. Based on formation - could go a long way down....

Running it down with a 50 +/- trailing stop.
BR
  • #201,250
  • Feb 23, 2010 6:13am Feb 23, 2010 6:13am
hmmm, undecided on this for now
  • #201,251
  • Feb 23, 2010 6:14am Feb 23, 2010 6:14am
Fib projection- 1.5154- 1.52 in 1-3 days.
  • #201,252
  • Feb 23, 2010 6:17am Feb 23, 2010 6:17am
Quote
Out at 1.5410 - 152 net
Will re-short with US market.

Great Mate. Your fib target of shorting at 1.5581 was as good as a shorting at top.

I was expecting a full retracement from jan 19 high- feb 19 low. But it didnt happened and i have also shorted for 1.52- 1.5154 target in 2-3 days.
  • #201,253
  • Feb 23, 2010 6:22am Feb 23, 2010 6:22am
http://www.fx360.com/techAnalysis/Index.aspx?tab=gbpusd
  • #201,254
  • Feb 23, 2010 6:33am Feb 23, 2010 6:33am
Quote
Quote
http://www.fx360.com/techAnalysis/Index.aspx?tab=gbpusd


Their GBP/USD trades are always a loss. 1.5410 support is already broken. We are seeing a minor pull back before fresh round of selling takes place.

The collective mind of the market is bearish and 1.52 is where it is heading for.
  • #201,255
  • Feb 23, 2010 6:34am Feb 23, 2010 6:34am
TY KF,

I used the distribution (flag) formations to help zero in on the last short price.

I will be looking at current trading for a move up to about 1.5484 (fib 50). For another whack at it. If it does not pull back I doubt I will get in it. The exception would be if the low gets taken out along with supporting price action in other markets.

Good luck on your trade.
BR

Quoting kingfisher
Great Mate. Your fib target of shorting at 1.5581 was as good as a shorting at top.

I was expecting a full retracement from jan 19 high- feb 19 low. But it didnt happened and i have also shorted for 1.52- 1.5154 target in 2-3 days.
  • #201,256
  • Feb 23, 2010 6:41am Feb 23, 2010 6:41am
Quoting kingfisher
Great Mate. Your fib target of shorting at 1.5581 was as good as a shorting at top.

I was expecting a full retracement from jan 19 high- feb 19 low. But it didnt happened and i have also shorted for 1.52- 1.5154 target in 2-3 days.
GOOD??? my short @ 5578 even not been touch..., what broker give 5581?
I will be the number one Manager.
  • #201,257
  • Feb 23, 2010 6:48am Feb 23, 2010 6:48am
Quote
GOOD??? my short @ 5578 even not been touch..., what broker give 5581?

It touched 1.5575 as high. Big1red9 predicted 1.5581 as a target to short. So it almost got there.
  • #201,258
  • Feb 23, 2010 6:49am Feb 23, 2010 6:49am
beautiful formation on daily chart.
  • #201,259
  • Feb 23, 2010 6:50am Feb 23, 2010 6:50am
http://clc4x.files.wordpress.com/201...if?w=244&h=141 http://clc4x.files.wordpress.com/201...if?w=244&h=141
  • #201,260
  • Feb 23, 2010 6:53am Feb 23, 2010 6:53am
Quoting kingfisher
It touched 1.5575 as high. Big1red9 predicted 1.5581 as a target to short. So it almost got there.
hemm...yes...,

(edit) forget something, are you 'in' BIGRed? @81 ? what broker?
I will be the number one Manager.
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