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Cable Update (GBPUSD)

  • #209,481
  • Mar 24, 2010 3:44am Mar 24, 2010 3:44am
Quoting bbakker
The bulls have bloodied my nose
Just got a bloodied nose from the bears... stopped out at 1.4974
  • #209,482
  • Mar 24, 2010 3:47am Mar 24, 2010 3:47am
So...who shorted at the top there...come on be honest now?
  • #209,483
  • Mar 24, 2010 3:47am Mar 24, 2010 3:47am
Testing the bottom of the UTL it just broke. If it holds, she will drop more and it looks like it is holding with avengence. Shorts looking good G/U and G/J.

Jim
  • #209,484
  • Mar 24, 2010 3:50am Mar 24, 2010 3:50am
I can't tell if its a range forming, but the size and strength of the downward move at 0830 GMT leads me to think that a bear move has started. Anyone got any inputs?
  • #209,485
  • Mar 24, 2010 3:50am Mar 24, 2010 3:50am
Quoting antic81
So...who shorted at the top there...come on be honest now?
1.50050 Short.
U won't really understand GRACE untill you fully realise you've been GRACED
  • #209,486
  • Mar 24, 2010 3:51am Mar 24, 2010 3:51am
OK... Who's playing with the remote again.... Turn it Up why don't ya!!
  • #209,487
  • Mar 24, 2010 3:52am Mar 24, 2010 3:52am
Quoting bbakker
Tough worm this morning
somebody called?
cheap cable on sale again. I'm buying. No surprises please
Thank You
  • #209,488
  • Mar 24, 2010 3:53am Mar 24, 2010 3:53am
Large stops taken out on fibre dropping to 11 month low, below the 61.8 fib retracement of last years high.

I am still flat. Been fun watching it for the last few hours however there have been no setups that meet my requirements.
  • #209,489
  • Mar 24, 2010 3:53am Mar 24, 2010 3:53am
EU just broke through the 1.34xx now is at 1.33xx and it took GU with it on that drop.
  • #209,490
  • Mar 24, 2010 3:54am Mar 24, 2010 3:54am
did u see my toy from last night

http://www.forexfactory.com/showpost...stcount=209426
Attached Image (click to enlarge)
Click to Enlarge Name: h1 cable.gif Size: 13 KB
  • #209,491
  • Mar 24, 2010 3:54am Mar 24, 2010 3:54am
I shorted when we broke under 1.5000. Scary price action though, all over the place, so I covered fast. Looks like the 55-65 resistance area is still holding, thats 4 touches.
  • #209,492
  • Mar 24, 2010 3:54am Mar 24, 2010 3:54am
Quoting bbakker
Forexlion,

What was the reasoning behind removing my posts in reference to your lion picture, as well as the meerkat link?

Thanks,
Brian
how do i know, i am not the admin or the mod here

ask the mods not me.
  • #209,493
  • Mar 24, 2010 3:56am Mar 24, 2010 3:56am
Something to do with the news coming out for Euro?
Don't be emo... don't be emo....
  • #209,494
  • Mar 24, 2010 3:56am Mar 24, 2010 3:56am
I am wondering if this morning is going to be choppy like this, we have some pretty hefty news out in a few hours and we may sit in a 40 - 60 pip range until then...just a thought.
  • #209,495
  • Mar 24, 2010 3:56am Mar 24, 2010 3:56am
Quoting antic81
So...who shorted at the top there...come on be honest now?
hey antic , it was the weekly open , so there was a level there to use as resistence , I added to some shts there ,
  • #209,496
  • Mar 24, 2010 3:57am Mar 24, 2010 3:57am
G M
Attached Image
  • #209,497
  • Mar 24, 2010 3:58am Mar 24, 2010 3:58am
Quoting ZizoFX
A Close above 1.4988 and im in for long. SL 1.4950 1st TP 1.5034. GL
I might be Wrong.
Im still in. SL Still intact. Damn this was so sudden.
Numbers NEVER Lie
  • #209,498
  • Mar 24, 2010 4:00am Mar 24, 2010 4:00am
Gosh these bulls are a pain in the .... well the picture speaks for itself.
Attached Image
  • #209,499
  • Mar 24, 2010 4:00am Mar 24, 2010 4:00am
Long GU 1.4985 SL 50 pips TP 200 pips
Long EU 1.3391 SL 50 pips TP 200 pips
Short UJ 90.66 SL 50 pips TP 140 pips

Good trading for all.
No Signal, No Trade. No fundamenals, No headache.
  • #209,500
  • Mar 24, 2010 4:00am Mar 24, 2010 4:00am
Quoting digger1
hey antic , it was the weekly open , so there was a level there to use as resistence , I added to some shts there ,
Well spotted mate!

I hope to be able to spot those types of trades some day, great entry!

Are you looking for us to break the support at 956, or was it a hit and run?

Cheers,

Ant
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