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Cable Update (GBPUSD)

  • #209,721
  • Mar 24, 2010 12:08pm Mar 24, 2010 12:08pm
Quoting pawpaw1000
t/p 85????

it is mving quite violently for this time of day! wasup???

T-bill auction
  • #209,722
  • Mar 24, 2010 12:10pm Mar 24, 2010 12:10pm
Quoting cloggie
T-bill auction
sorry cloggs, u gonna have to explain when u get the time!
@pawpaw1000 on Twitter
  • #209,723
  • Mar 24, 2010 12:12pm Mar 24, 2010 12:12pm
Quoting pawpaw1000
sorry cloggs, u gonna have to explain when u get the time!

Treasury debt sale auction by US government, weak demand, higher then normal yield, less foreign buyers.
  • #209,724
  • Mar 24, 2010 12:13pm Mar 24, 2010 12:13pm
i love this room some ppl stabing others in the back some sho up to show off and remind us of high S J bull;;;;;it after all we have the best room in FF but i hope we clean it up from the dirt and keep the caring loving teaching learning great ppl
  • #209,725
  • Mar 24, 2010 12:13pm Mar 24, 2010 12:13pm
5 H1 candles close/open still move between 1.4893 - 1.4908 --> will move huge pips once goes beyond that space !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #209,726
  • Mar 24, 2010 12:13pm Mar 24, 2010 12:13pm
a close below 1.49 will make tomorrow a good day for shorts - would be nice to settle around 1.485 for close though
  • #209,727
  • Mar 24, 2010 12:15pm Mar 24, 2010 12:15pm
Quoting cloggie
Treasury debt sale auction by US government, weak demand, higher then normal yield, less foreign buyers.
whats your t/p?

i'm bailing at bottom of range...
@pawpaw1000 on Twitter
  • #209,728
  • Mar 24, 2010 12:16pm Mar 24, 2010 12:16pm
Quoting pawpaw1000
whats your t/p?

i'm bailing at bottom of range...
Same here, 4875 will probably be stubborn as London is closed.
  • #209,729
  • Mar 24, 2010 12:17pm Mar 24, 2010 12:17pm
Quoting pawpaw1000
whats your t/p?

i'm bailing at bottom of range...
range means equal highs and equal lows, we dont have equal highs, it's not range.
  • #209,730
  • Mar 24, 2010 12:17pm Mar 24, 2010 12:17pm
Quoting kill56
i love this room some ppl stabing others in the back some sho up to show off and remind us of high S J bull;;;;;it after all we have the best room in FF but i hope we clean it up from the dirt and keep the caring loving teaching learning great ppl

Amen.
  • #209,731
  • Mar 24, 2010 12:18pm Mar 24, 2010 12:18pm
Quoting Clouds
range means equal highs and equal lows, we dont have equal highs, it's not range.

Not necessary, can also be used to define a range between support and resistance.
  • #209,732
  • Mar 24, 2010 12:18pm Mar 24, 2010 12:18pm
Quoting kill56
i love this room some ppl stabing others in the back some sho up to show off and remind us of high S J bull;;;;;it after all we have the best room in FF but i hope we clean it up from the dirt and keep the caring loving teaching learning great ppl
I'm not showing off

just arrived back at top of range and got in for 20 pips. sorry if it seems that way.

gl 2 all!
@pawpaw1000 on Twitter
  • #209,733
  • Mar 24, 2010 12:18pm Mar 24, 2010 12:18pm
Quoting pawpaw1000
Daily Pivots: (S1) 1.4975; (P) 1.5043; (R1) 1.5115; More
GBP/USD's fall from 1.5381 resumes by taking out 1.4931 support and dives to as low as 1.4875 so far in early US session. Intraday bias is flipped back to the downside and further fall should be seen to 1.4783 low next. As discussed before, choppy recovery from 1.4783 should have completed with three waves up to 1.5381 already. Break of 1.4783 will confirm...


New strategy :
Sell at 1.5100, Target: 1.4930, Stop: 1.5165
Although the British pound dropped below support at 1.4929 to as low as 1.4875, as cable has recovered after failing to penetrate indicated support at 1.4873, suggesting minor consolidation would take place and above the Tenkan-Sen (now at 1.4986) would bring minor correction towards 1.5097-1.5110 (current level of the Kijun-Sen and previous resistance), however, renewed selling interest should emerge there and bring another decline later. Once said support at 1.4873 is broken, this would confirm early downtrend has resumed and bring eventual retest of 1.4781 low.
In view of the above analysis, we are still looking to sell cable on recovery for such a decline. Only above 1.5160/65 would prolong sideways trading and risk stronger rebound to previous minor support at 1.5216.
http://www.actionforex.com/action-in...0100324109596/
  • #209,734
  • Mar 24, 2010 12:23pm Mar 24, 2010 12:23pm
I'm out, had enough. This was now the 3rd false breakout below 49897 and I don't have the patience this late in the day to see if this is the real one.
  • #209,735
  • Mar 24, 2010 12:24pm Mar 24, 2010 12:24pm
Quoting cloggie
Same here, 4875 will probably be stubborn as London is closed.
Going to hang on for a bit... wish me luck
  • #209,736
  • Mar 24, 2010 12:24pm Mar 24, 2010 12:24pm
Quoting pawpaw1000
I'm not showing off

just arrived back at top of range and got in for 20 pips. sorry if it seems that way.

gl 2 all!
count me in bro but not for long i am the hit man
  • #209,737
  • Mar 24, 2010 12:26pm Mar 24, 2010 12:26pm
Quoting kill56
count me in bro but not for long i am the hit man
lol, kill , we done our job , got to have a retrace to get the bulls suckered in then we hit and run again , hope you are well up in greenie ha ha
  • #209,738
  • Mar 24, 2010 12:27pm Mar 24, 2010 12:27pm
Quoting kill56
count me in bro but not for long i am the hit man
were you refering to me earlier when you said ppl were stabbing others in the back and showing off?

got out with 20 still puts me at a loss today! wonder if i should short again from the top? reckon its too late...
@pawpaw1000 on Twitter
  • #209,739
  • Mar 24, 2010 12:30pm Mar 24, 2010 12:30pm
Quoting pawpaw1000
were you refering to me earlier when you said ppl were stabbing others in the back and showing off?

got out with 20 still puts me at a loss today! wonder if i should short again from the top? reckon its too late...

hell no bro u are kool they know themselfs
  • #209,740
  • Mar 24, 2010 12:33pm Mar 24, 2010 12:33pm
h&s

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