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Cable Update (GBPUSD)

  • #224,161
  • May 6, 2010 4:35am May 6, 2010 4:35am
Still bearish (famous last words). Price has tried and failed to break 1.50500 for the last 2 hours easily visible on the M30. A sloping res line down on the M5 also confirms this.

Still hanging onto those shorts, but in truth I would've expected us to be below 1.50 by now if the bears had control. Patience is a virtue as they say.

Dazzer
  • #224,162
  • May 6, 2010 4:36am May 6, 2010 4:36am
Quoting hhitch
anyone notice the wild volatility on USDCHF

look at eur u will find out

dixy is flying

oil is fooooooooooooooooked
  • #224,163
  • May 6, 2010 4:38am May 6, 2010 4:38am
seems like there is a move into swiss francs or something

Quoting kill56
look at eur u will find out

dixy is flying

oil is fooooooooooooooooked
"The real genius is knowing when to stop." - Marc Faber
  • #224,164
  • May 6, 2010 4:39am May 6, 2010 4:39am
Quoting Dazzer
Still bearish (famous last words). Price has tried and failed to break 1.50500 for the last 2 hours easily visible on the M30. A sloping res line down on the M5 also confirms this.

Still hanging onto those shorts, but in truth I would've expected us to be below 1.50 by now if the bears had control. Patience is a virtue as they say.

Dazzer
Hold em Daz
Trade what you see never what you think!
  • #224,165
  • May 6, 2010 4:39am May 6, 2010 4:39am
Quoting hhitch
anyone notice the wild volatility on USDCHF
take a peep at eurchf
Thank You
  • #224,166
  • May 6, 2010 4:41am May 6, 2010 4:41am
Quoting Bull_Bear
Lets Buy

1.5125.. SL 1.5045.. TP 1.5250
Stop out.

Selling is definately the order of the day.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #224,167
  • May 6, 2010 4:42am May 6, 2010 4:42am
Quoting lexazver
here comes me again with my bullishness ) i mean the trend is down, we can all see that but cable been bought everytime it tests lower territory (buying on discount) so perhaps what will happen after the election is that if we get hung parliament it will go sideways for sometime if one of the parties win it will go up....

I got stopped out of my (2) longs at 1.5065 ((-120 and - 60) one i covered in profit and didnt want to add again)) but I went long again at 1.5022
Hi Lex

IMHO the question you need to be asking yourself is. Who is doing the buying here? With so much BS hapening throughout Europe right now my guess is prices are being held up by the BOE and others with long positions. Also remember the Soros tobacle that happened when the BOE said they would "support the Pound". They will never say it again but to think they wont try it and manipulate the markets does not seem realistic to me.

Just 2 cents buddy

Good luck with the longs
  • #224,168
  • May 6, 2010 4:43am May 6, 2010 4:43am
HAVE MERCY!!!!

Quoting wormboy
take a peep at eurchf
"The real genius is knowing when to stop." - Marc Faber
  • #224,169
  • May 6, 2010 4:45am May 6, 2010 4:45am
Quoting Pip Hunterr
Hi Lex

IMHO the question you need to be asking yourself is. Who is doing the buying here? With so much BS hapening throughout Europe right now my guess is prices are being held up by the BOE and others with long positions. Also remember the Soros tobacle that happened when the BOE said they would "support the Pound". They will never say it again but to think they wont try it and manipulate the markets does not seem realistic to me.

Just 2 cents buddy

Good luck with the longs
  • #224,170
  • May 6, 2010 4:45am May 6, 2010 4:45am
Quoting TheCatsPJs
Hold em Daz
I got in right in the middle of this range (not ideal), and the very bullish hammer on the M5 which closed at 09:30GMT could be significant.
If we break 1.50 cleanly, then it'll probably fall off a cliff, but for now, there appears to be strength at the 1.50 support line and will take some momentum to push through.

Just my two cents.

Dazzer
  • #224,171
  • May 6, 2010 4:47am May 6, 2010 4:47am
Quoting Dazzer
I got in right in the middle of this range (not ideal), and the very bullish hammer on the M5 which closed at 09:30GMT could be significant.
If we break 1.50 cleanly, then it'll probably fall off a cliff, but for now, there appears to be strength at the 1.50 support line and will take some momentum to push through.

Just my two cents.

Dazzer

true and still risky its a news market
  • #224,172
  • May 6, 2010 4:48am May 6, 2010 4:48am
wow EURCHF my god do you reckon they will intervene again??
  • #224,173
  • May 6, 2010 4:48am May 6, 2010 4:48am
I told you all 3days ago, let G/U go on all short, dont close for next couple of weeks, we are going short all the way, we havent even started. so if you are long and hoping, i wish you luck in your hope.
  • #224,174
  • May 6, 2010 4:49am May 6, 2010 4:49am
Quoting hhitch
HAVE MERCY!!!!

lol yea ... the next time anyone mention to you the word "trap", you know which chart to pull up
Thank You
  • #224,175
  • May 6, 2010 4:49am May 6, 2010 4:49am
Quoting lexazver
here comes me again with my bullishness ) i mean the trend is down, we can all see that but cable been bought everytime it tests lower territory (buying on discount) so perhaps what will happen after the election is that if we get hung parliament it will go sideways for sometime if one of the parties win it will go up....

I got stopped out of my (2) longs at 1.5065 ((-120 and - 60) one i covered in profit and didnt want to add again)) but I went long again at 1.5022
I think it's not the time for long yet bro.. not for cable.. look for other pair in the mean time.. It's high risk to long atm.. at least till we see some momentum to the upside first.. currently i'm not trading cable, I just have my PO set (I will adjust besed on the PA), but I'm not looking to do anything with it. What I do now is trading the aussie and the kiwi (I've been trading these pairs since yesterday)..

Cheers.
  • #224,176
  • May 6, 2010 4:50am May 6, 2010 4:50am
Quoting fxoxford
once the dust clears we could see 1.4900. i was holding 7 lots at 1.5286 took 5 lots at 1.5095, gonna hold my last 2 lots till 1.4900 with s/l at breakeven. good luck to all
im sticking to the plan, good luck to all
  • #224,177
  • May 6, 2010 4:51am May 6, 2010 4:51am
Quoting A-speculator
I think it's not the time for long yet bro.. not for cable.. look for other pair in the mean time.. It's high risk to long atm.. at least till we see some momentum to the upside first.. currently i'm not trading cable, I just have my PO set (I will adjust besed on the PA), but I'm not looking to do anything with it. What I do now is trading the aussie and the kiwi (I've been trading these pairs since yesterday)..

Cheers.
bro jom buy euroswissy
Thank You
  • #224,178
  • May 6, 2010 4:51am May 6, 2010 4:51am
you mean as in "bull trap" ??

Quoting wormboy
lol yea ... the next time anyone mention to you the word "trap", you know which chart to pull up
"The real genius is knowing when to stop." - Marc Faber
  • #224,179
  • May 6, 2010 4:54am May 6, 2010 4:54am
Quoting wormboy
bro jom buy euroswissy
orait nnt aku tgk... aku dah buy eurcad smlm lg beb.. tp euro nie aku takut sikit sbnrnya..
  • #224,180
  • May 6, 2010 4:54am May 6, 2010 4:54am
i will only go long when i see the fiber @12500


cable = election mostly short


i might be wrong
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