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Cable Update (GBPUSD)

  • #217,761
  • Apr 15, 2010 4:22am Apr 15, 2010 4:22am
The bears definitely have their teeth sunk into cable and fibre today!
  • #217,762
  • Apr 15, 2010 4:22am Apr 15, 2010 4:22am
Ok guys, time to book your longs back up to 1.5485
  • #217,763
  • Apr 15, 2010 4:23am Apr 15, 2010 4:23am
Quoting USD-Bear
Long @ 1.5375
Target 1: 1.5500
Target 2: 1.5600
SL: 1.5300
Sad day,

stopped @ 1.542
Don't be a hero. Don't have an ego. Always question yourself
  • #217,764
  • Apr 15, 2010 4:23am Apr 15, 2010 4:23am
Wait loh! What to do. I do not chase, once missed the boat wait for the right conditions.
Face both Win and Lose bravely
  • #217,765
  • Apr 15, 2010 4:25am Apr 15, 2010 4:25am
any reprieve for the bulls -- nope.
  • #217,766
  • Apr 15, 2010 4:25am Apr 15, 2010 4:25am
Quoting egkid
Hey bro
How u doing?
Remember Last time we talks about DX and 2 charts I post :-)
hey bro

yes i did and my line in the sand was 80. and it did hold

still we might have some weaknes as long as 80 holds we are fine

how is u day bro
  • #217,767
  • Apr 15, 2010 4:26am Apr 15, 2010 4:26am
Quoting USD-Bear
Sad day,

stopped @ 1.542
careful of any headfakes
  • #217,768
  • Apr 15, 2010 4:28am Apr 15, 2010 4:28am
Quoting USD-Bear
Sad day,

stopped @ 1.542
Let's hope 1.5380 holds otherwise we will be going down from here!
  • #217,769
  • Apr 15, 2010 4:29am Apr 15, 2010 4:29am
Quoting lexazver
GU is already showing very strong support would be difficult to push it much lower.
you were wrong there!
  • #217,770
  • Apr 15, 2010 4:29am Apr 15, 2010 4:29am
Quoting OldReigatian
Ok guys, time to book your longs back up to 1.5485
?? Not questioning it, just curious why?
Back to basics, it has to be for me!
  • #217,771
  • Apr 15, 2010 4:29am Apr 15, 2010 4:29am
it could be very clever shakeout of weak long positions especialy given the speed of this move. or it could be the end to uptrend
  • #217,772
  • Apr 15, 2010 4:30am Apr 15, 2010 4:30am
Quoting bbakker
The bears definitely have their teeth sunk into cable and fibre today!
dixyyyyyyyyyyyyyyyyy bro dixyyyyyyyyyyy
  • #217,773
  • Apr 15, 2010 4:31am Apr 15, 2010 4:31am
Quoting lexazver
GU is already showing very strong support would be difficult to push it much lower.
  • #217,774
  • Apr 15, 2010 4:33am Apr 15, 2010 4:33am
Quoting kill56
dixyyyyyyyyyyyyyyyyy bro dixyyyyyyyyyyy
close to 80.61 now?
@pawpaw1000 on Twitter
  • #217,775
  • Apr 15, 2010 4:33am Apr 15, 2010 4:33am
15430 is the line in the sand
  • #217,776
  • Apr 15, 2010 4:34am Apr 15, 2010 4:34am
Actually i think this move will be explained by news guys as saying that strong Chinese GDP will prompt them to either revaluate of get rid of dollar peg. In which case Asiancurrencies rally against aall others especialy euro and pound ...something like this....i think .....maybe....perhaps.....
  • #217,777
  • Apr 15, 2010 4:34am Apr 15, 2010 4:34am
Quoting free4440273
any reprieve for the bulls -- nope.
Just now fail on M30 chart opportunite. Have to wait for H1 opportunite.
Face both Win and Lose bravely
  • #217,778
  • Apr 15, 2010 4:35am Apr 15, 2010 4:35am
Quoting digger1
Well different pivot levels than most use , but 3 different time frames with the same significant level lined up (daily, weekly , montly) equaled a stiff resistence area around 1.5521, my tgt s are the daily open at 1.5463 then my daily pivot point at 1.5442 if and when the open gets taken out, more tgts below tht but the day is young and anything can happen and it probably will lol , cheers all Attachment
1st 2 tgts taken out , holding a few yet 1.5390 is an area I am watching cheers all
  • #217,779
  • Apr 15, 2010 4:35am Apr 15, 2010 4:35am
Quoting BadTradingFi
?? Not questioning it, just curious why?
We are in a daily uptrend, but the bears are determined to turn it around. Fibre briefly broke new recent lows and smashed through a strong resistance line 1.355 although slightly recovered now

Today could well be the turning point, unexpected, but if we do break 1.538 we could be seeing new lows.

Hang in there bulls!
  • #217,780
  • Apr 15, 2010 4:35am Apr 15, 2010 4:35am
Quoting lexazver
Actually i think this move will be explained by news guys as saying that strong Chinese GDP will prompt them to either revaluate of get rid of dollar peg. In which case Asiancurrencies rally against aall others especialy euro and pound ...something like this....i think .....maybe....perhaps.....

yup it's those funny-mentals :nerd:
"The real genius is knowing when to stop." - Marc Faber
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