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Cable Update (GBPUSD)

  • #221,941
  • Apr 27, 2010 3:00pm Apr 27, 2010 3:00pm
Yep, Goldman Sachs is testifying live right now.
Nothing like fraud allegations to help tank equities!

Seems like fibre and cable resumed freefall shouth...

Quoting free4440273
bloodbath on the Dow --
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #221,942
  • Apr 27, 2010 3:02pm Apr 27, 2010 3:02pm
dixy 82.35
  • #221,943
  • Apr 27, 2010 3:03pm Apr 27, 2010 3:03pm
EU tanking badly and dragging GU with it! Everyone wants to get back into the safe haven called the $.
  • #221,944
  • Apr 27, 2010 3:04pm Apr 27, 2010 3:04pm
i am geting in foooooooook it

fiber and cable
  • #221,945
  • Apr 27, 2010 3:05pm Apr 27, 2010 3:05pm
Quoting egkid
Nasty Retracement Fooling Many
Over react Post Don't follow SELL SELL SELL
Sorry Guys another over reacted post
  • #221,946
  • Apr 27, 2010 3:08pm Apr 27, 2010 3:08pm
Quoting kill56
i am geting in foooooooook it

fiber and cable
  • #221,947
  • Apr 27, 2010 3:09pm Apr 27, 2010 3:09pm
http://www.derok.net/images/sports/tanking.jpg
  • #221,948
  • Apr 27, 2010 3:10pm Apr 27, 2010 3:10pm
Quoting free4440273
bloodbath on the Dow --
That was expecting
Quoting egkid
Hey bro
Do u trade American futures downJ , S&P 500
I don't trade it but keep an eye on it , Seems to me the top on weekly
What do u think?
  • #221,949
  • Apr 27, 2010 3:10pm Apr 27, 2010 3:10pm
Quoting bbakker

only for about 20-30
  • #221,950
  • Apr 27, 2010 3:11pm Apr 27, 2010 3:11pm
Time to exit short?
  • #221,951
  • Apr 27, 2010 3:14pm Apr 27, 2010 3:14pm
Quoting forexlion
http://www.derok.net/images/sports/tanking.jpg
It might slow up for a while, but the credit rating agencies have really hit a home run here. Someone just turned the light on and there is sheeeet everywhere!
  • #221,952
  • Apr 27, 2010 3:16pm Apr 27, 2010 3:16pm
Quoting Emanuele
Time to exit short?
A retrace will be coming at some point. If I were you just move your SL along appropriately, so that if it does continue to go down you benefit. If the retrace is on, you lose some pips, but at least you will bag lots of green ones too with the prospect of maybe catching more. Just my 2 pennies.
  • #221,953
  • Apr 27, 2010 3:20pm Apr 27, 2010 3:20pm
time for a nap i keep one eye open
  • #221,954
  • Apr 27, 2010 3:23pm Apr 27, 2010 3:23pm
befor i go
Attached Image (click to enlarge)
Click to Enlarge Name: 5m cable n.gif Size: 16 KB
  • #221,955
  • Apr 27, 2010 3:24pm Apr 27, 2010 3:24pm
There is another support level now and seems bouncing back. Just guessing.
Attached Image (click to enlarge)
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  • #221,956
  • Edited 3:50pm Apr 27, 2010 3:26pm | Edited 3:50pm
The fix is in!

Cable has been beat down something serious today. The mass plummet with shallow if any retrace, crushing through support levels all the way down. When will this madness end?

Really, nobody can say for sure and as much as nobody wants to try and catch falling knives, the low price does seem somewhat appealing. So, what to look for and when?

Well, I watch for retraces and exits on every 24x200 moving average cross. So far the only one that has played through proper on buy back has been the 5m chart and that was near the opening bells of London. This week, we went to needing a retrace to go long on the 15m, 30m, 1hr chart for topside trigger, to the pullback that looks like price was dropped off a building. About the only thing I know is that there will be a retrace and have an idea of where it "might" move to, but not when.

We have to full on retrace the hourly 200EMA, for all time frames to properly trigger on trend and it is easy to see where this line is now, but where will it be when we hit it?

This, I do not know.

The buy back on time frames will take time. Shake up, shake down, a mad whipsaw zig zag all the way, most likely not for the faint of heart, and keep in mind:

You must be <---------------------------------> this crazy to ride. (may not be to scale)

Anyways, the cross on the hourly has been shown and about the closest guess I have for retrace is 1.5344...AGAIN, this is a guess, not a forecast, nor reco to buy and cash in.

Here's the chart. Keep your fingers. Play safe.
Attached Image (click to enlarge)
Click to Enlarge Name: pbbz.jpg Size: 186 KB
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File Type: mq4 camarilladt.mq4   47 KB | 294 downloads
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #221,957
  • Apr 27, 2010 3:35pm Apr 27, 2010 3:35pm
Quoting Magix
The fix is in!

Cable has been beat down something serious today....
its about time every body is waiting for u wise man

thanks
  • #221,958
  • Apr 27, 2010 3:36pm Apr 27, 2010 3:36pm
Quoting Emanuele
There is another support level now and seems bouncing back. Just guessing.
It will always retrace to some extent but the following news has really hit all of the world markets. The Asian markets were closed when this news hit, so I expect some fireworks from them too. I could be wrong though!

http://news.bbc.co.uk/1/hi/business/8647441.stm
http://www.bbc.co.uk/blogs/thereport..._greek_ba.html

Once the IMF and the Euro politicians come out with some positive news, I cannot see any real scope of an up movement apart from timely retraces. That news could come tomorrow, but the longer they wait, the worse it will get and they know it.

I could be wrong, but these types of fundamentals do play a big role. Just look at the market reaction today!
  • #221,959
  • Apr 27, 2010 3:37pm Apr 27, 2010 3:37pm
Quoting Magix
The fix is in!

Cable has been beat down something serious today. The mass plummet with shallow if any retrace, crushing through support levels all the way down. When will this madness end?

Really, nobody can say for sure and as much as nobody wants to try and catch falling knives, the low price does seem somewhat appealing. So, what to look for and when?

Well, I watch for retraces and exits on every 24x200 moving average cross. So far the only one that has played through proper on buy back has been the 5m chart and that was near the opening...
One thing we all know for sure is that we don't know for sure
  • #221,960
  • Apr 27, 2010 3:59pm Apr 27, 2010 3:59pm
Quoting bbakker
It will always retrace to some extent but the following news has really hit all of the world markets. The Asian markets were closed when this news hit, so I expect some fireworks from them too. I could be wrong though!

http://news.bbc.co.uk/1/hi/business/8647441.stm
http://www.bbc.co.uk/blogs/thereport..._greek_ba.html

Once the IMF and the Euro politicians come out with some positive news, I cannot see any real scope of an up movement apart from timely retraces. That news...
Thanks for the Link , I enjoy reading beside technical view
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