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Cable Update (GBPUSD)

  • #216,181
  • Apr 12, 2010 8:38am Apr 12, 2010 8:38am
Quoting Bull_Bear
For those that got in long at the 1.5390/00, be careful as its not supported by sustained demand.

Good luck
  • #216,182
  • Apr 12, 2010 8:39am Apr 12, 2010 8:39am
Quoting pawpaw1000
not in on cable as I'm not entirely convinced but hey, Fiber doing me GOOD
oh i love trading the dow!
  • #216,183
  • Apr 12, 2010 8:46am Apr 12, 2010 8:46am
Quoting bbakker
The problem with the shorts is the move down came in a 3 wave formation so shorts watch 1.5462 as important resistance if we go above that we could make a fresh high before the drop
  • #216,184
  • Apr 12, 2010 8:52am Apr 12, 2010 8:52am
Quoting cloggie
If 538 goes on cable, 53463 is next. Not having much faith yet that 538 is going to give though. Am watching with anticipation from the stands.
hi clogg.. how did u arrive at the 5380 level?
  • #216,185
  • Apr 12, 2010 8:53am Apr 12, 2010 8:53am
cloggs, think it may be time to close fiber longs?

have moved stop to be+7...

cable basically mimicking the movements of fibre!
@pawpaw1000 on Twitter
  • #216,186
  • Apr 12, 2010 8:55am Apr 12, 2010 8:55am
The moves in GU and EU from last Friday appear abnormal to me. Between the hours of 800-1200 today, H4 showed a Hammer with a long shadow both in GU and EU. This is a signal for a spike particularly, on such a high TF.

But notice that both tanked instead. I believe extreme caution is the word for now
  • #216,187
  • Apr 12, 2010 8:57am Apr 12, 2010 8:57am
do can barely hold 11K.
  • #216,188
  • Apr 12, 2010 8:57am Apr 12, 2010 8:57am
Quoting saeed319
hi clogg.. how did u arrive at the 5380 level?
look at 1h for last week and you will see...
@pawpaw1000 on Twitter
  • #216,189
  • Apr 12, 2010 8:59am Apr 12, 2010 8:59am
Quoting Bull_Bear
For those that got in long at the 1.5390/00, be careful as its not supported by sustained demand.

Good luck



Great call!

U've been proved right.

I doff my hat.
  • #216,190
  • Apr 12, 2010 8:59am Apr 12, 2010 8:59am
Quoting kill56
enjoy the ride zig zag the
b;;;;;;;;;;;;;;;;;;;;;;;;;;;;;h

i know sh;;;;;;;;;;;;;;;;;;;;;;t about forex but i did say whats above allmost 40pips
  • #216,191
  • Apr 12, 2010 9:01am Apr 12, 2010 9:01am
Quoting free4440273
do can barely hold 11K.
tell me about it...

Been stopped 4 times for +7 pips... Measley 7 pips!

better than loss I guess... Did get 25 this morning...
@pawpaw1000 on Twitter
  • #216,192
  • Apr 12, 2010 9:07am Apr 12, 2010 9:07am
dixy broke 80.5...
@pawpaw1000 on Twitter
  • #216,193
  • Apr 12, 2010 9:08am Apr 12, 2010 9:08am
Quoting Bull_Bear
For those that got in long at the 1.5390/00, be careful as its not supported by sustained demand.

Good luck
Good call, in and out for a quick +25.
  • #216,194
  • Apr 12, 2010 9:19am Apr 12, 2010 9:19am
I'm still confident that if cable hit 1.5352, then I will be going long targeting something like 100 pips. Well waiting in cable and have watching myself losing in fibre because I bought at the wrong spot. I will not be happy if fibre hit 1.3547 which is the first support for the day. I think if this one hit it again maybe I will reload my long at that spot. Still watching this 2 currencies now.
  • #216,195
  • Apr 12, 2010 9:21am Apr 12, 2010 9:21am
has anyone seen the 1hr stochastic for ftse/cable and dow all semm to have bottomed and turning up.
  • #216,196
  • Apr 12, 2010 9:22am Apr 12, 2010 9:22am
Quoting tundeakins
I'm still confident that if cable hit 1.5352, then I will be going long targeting something like 100 pips. Well waiting in cable and have watching myself losing in fibre because I bought at the wrong spot. I will not be happy if fibre hit 1.3547 which is the first support for the day. I think if this one hit it again maybe I will reload my long at that spot. Still watching this 2 currencies now.
Thats good views. I think so, lets see Cable on its D1 chart.
  • #216,197
  • Apr 12, 2010 9:24am Apr 12, 2010 9:24am
Great long and short ride from last night pacific

back in long at 1.5386 tenatively


DOW defensives lagging, so as soon as we pop much above 11k on the index, it will duck back down

Moving to defensives now in anticipation. Cramer only talks crap half the time - so his observation that defensives down and volatiles up is a sign of no new money coming in and funds are just moving sideways is well taken.
  • #216,198
  • Apr 12, 2010 9:25am Apr 12, 2010 9:25am
hows this for bull flag???

Lets hope as that will signify a helluva run up!!!
Attached Image (click to enlarge)
Click to Enlarge Name: flag.png Size: 65 KB
@pawpaw1000 on Twitter
  • #216,199
  • Apr 12, 2010 9:26am Apr 12, 2010 9:26am
Quoting Chicopips
Good call, in and out for a quick +25.
The problem with the shorts is the move down came in a 3 wave formation so shorts watch 1.5462 as important resistance if we go above that we could make a fresh high before the drop if you understand price action in Elliot Waves you will understand that 3 wave formations are corrective in nature, so we will more then likely make a new high if we break above 1.5462 but even if we got a 5 wave formation that would be wave 1 down complete then wave 2 can retrace all the way back up to wave 1 so either way we are going back up weather we like it or not!
  • #216,200
  • Apr 12, 2010 9:26am Apr 12, 2010 9:26am
Quoting xPrav
morning guys,

i was holding my shorts from friday @ 5380 and knew it was pretty much a risk, was in green when friday closed and red when monday opened...

any ideas about what we may see later today?

I belive we will atleast cover up the gap first and then the direction will be decided...

your say please...
she da gap was feeled, coble wont buck tu fraday clase
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