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Cable Update (GBPUSD)

  • #203,741
  • Mar 5, 2010 8:28am Mar 5, 2010 8:28am
Quoting Faryad
am on buying side hehe
okay. good luck
Thank You
  • #203,742
  • Mar 5, 2010 8:34am Mar 5, 2010 8:34am
Quoting wormboy
okay. good luck
Wormie howz baby rayn ?
  • #203,743
  • Mar 5, 2010 8:35am Mar 5, 2010 8:35am
Quoting forexlion
Me short with target of 4780, but we will see targets below 4780 on this move

ADP came out stronger than expected, NFP will do the same and will drive dollar strength pushing cable down.

I am bookmarking this post in my signature for future reference.
Dollar Index

http://img191.imageshack.us/img191/9...y20100305b.gif
  • #203,744
  • Mar 5, 2010 8:36am Mar 5, 2010 8:36am
well lets see who win
Attached Image
  • #203,745
  • Mar 5, 2010 8:36am Mar 5, 2010 8:36am
I think when the news come out ....

the price ignores support resistance and technical analysis completely.
  • #203,746
  • Mar 5, 2010 8:38am Mar 5, 2010 8:38am
Effect of NFP on USDJPY

http://img717.imageshack.us/img717/332/nfp.gif
  • #203,747
  • Mar 5, 2010 8:38am Mar 5, 2010 8:38am
Quoting kill56
salam hi all


room are u ready for N F P

i have a feeling the market will not make any big moves just feeling

coz yesterday it did move quiet abit but its a crazy market

  • #203,748
  • Mar 5, 2010 8:38am Mar 5, 2010 8:38am
Quoting forexlion
Dollar Index

http://img191.imageshack.us/img191/9...y20100305b.gif
I am short too - nice to see I am not on my own!
  • #203,749
  • Mar 5, 2010 8:38am Mar 5, 2010 8:38am
Cripes, what a Depressing NFP end of week for cable.

Ugly little 50-60 pip channel that still sees the H4 support line holding but with no upside movement.

Pshhhhhhhhhhh...

Again, a very convincing attempt to push to downside, but still no juice.
Attached Image (click to enlarge)
Click to Enlarge Name: h4sup.jpg Size: 92 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #203,750
  • Mar 5, 2010 8:42am Mar 5, 2010 8:42am
Quoting Magix
Cripes, what a Depressing NFP end of week for cable.

Ugly little 50-60 pip channel that still sees the H4 support line holding but with no upside movement.

Pshhhhhhhhhhh...

Again, a very convincing attempt to push to downside, but still no juice.
1.5010 is S1 - and difficult to break - come on Bears - it is Friday for god sake - hurry up!!!!!!!!
  • #203,751
  • Mar 5, 2010 8:42am Mar 5, 2010 8:42am
Quoting Magix
Cripes, what a Depressing NFP end of week for cable.

Ugly little 50-60 pip channel that still sees the H4 support line holding but with no upside movement.

Pshhhhhhhhhhh...

Again, a very convincing attempt to push to downside, but still no juice.
No kidding, this 1.5000 is like a rock!
{Promotion Removed}
  • #203,752
  • Mar 5, 2010 8:44am Mar 5, 2010 8:44am
Quoting forexlion
Me short with target of 4780, but we will see targets below 4780 on this move

ADP came out stronger than expected, NFP will do the same and will drive dollar strength pushing cable down.

I am bookmarking this post in my signature for future reference.
Status Update #3
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu.gif Size: 15 KB
Click to Enlarge Name: cable.jpg Size: 142 KB
  • #203,753
  • Mar 5, 2010 8:44am Mar 5, 2010 8:44am
Quoting Flo7
1.5010 is S1 - and difficult to break - come on Bears - it is Friday for god sake - hurry up!!!!!!!!
I go off the MA's Flo, and support that has been holding the play up against the bears is the 24SMA on the 4hr...and it seems to be moving up.

Currently set at about 1.5417-1.5419 between the couple brokers I use.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #203,754
  • Mar 5, 2010 8:46am Mar 5, 2010 8:46am
Quoting Magix
Cripes, what a Depressing NFP end of week for cable.

Ugly little 50-60 pip channel that still sees the H4 support line holding but with no upside movement.

Pshhhhhhhhhhh...

Again, a very convincing attempt to push to downside, but still no juice.

bro are we back to tossss the dam coin its an uooooooooogly market but the unemployment is not bad improving some how i think we are back to the same view down
  • #203,755
  • Mar 5, 2010 8:48am Mar 5, 2010 8:48am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Calm down folks, nothing's happening until we hear from EU, perhaps this weekend.

Cable might stay in this 200 pip channel for a while. "Big Guys" who were covering their shorts by buying are not doing anymore neither selling, decision awaited.

Also, there is no major UK news until wednesday next week and nothing for US until thursday (how depressing). Market will be manipulated to the fullest so trade safe.


ta
ams
  • #203,756
  • Mar 5, 2010 8:49am Mar 5, 2010 8:49am
Quoting forexlion
Status Update #3
Forexlion, how's that Advanced GET EOD working out for you?

JD
It's Easy To Get In;.. It's Hard To Get Out
  • #203,757
  • Mar 5, 2010 8:49am Mar 5, 2010 8:49am
Quoting kill56
bro are we back to tossss the dam coin its an uooooooooogly market but the unemployment is not bad improving some how i think we are back to the same view down
Dunno mango.

Every downside push over the last 6 weeksish has been a lot stronger than what we are seeing.

Every time we have seen a support line, and especially after covering the retrace zone, we crash deep into a new low.

That last low from Sunday/Monday still seems to be holding, and the downward pressure weakening.

I am not saying buy...but until we close that below that H4 support, I am still gunna trade the longs.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #203,758
  • Mar 5, 2010 8:49am Mar 5, 2010 8:49am
Quoting Magix
I go off the MA's Flo, and support that has been holding the play up against the bears is the 24SMA on the 4hr...and it seems to be moving up.

Currently set at about 1.5417-1.5419 between the couple brokers I use.
Might close my position if I see a full green candle above 50MA...
  • #203,759
  • Mar 5, 2010 8:50am Mar 5, 2010 8:50am
Elliott Wave Anal
Attached Image
  • #203,760
  • Mar 5, 2010 8:52am Mar 5, 2010 8:52am
Quoting forexlion
Elliott Wave Anal
That Cable is going down??
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