im thinking its bouncing off the L3 and will go to 147.5 for H3
Cable Update (GBPUSD)
- #232,001
- Jun 16, 2010 11:21pm Jun 16, 2010 11:21pm
- Joined Jan 2010 | Status: The Voodoo Boodoo Club | 42,050 Posts
- #232,002
- Jun 16, 2010 11:25pm Jun 16, 2010 11:25pm
I don't understand why you guys have to have all that spaghetti in your charts. You can barely see the bars through all that crap.
It's dead simple. Zoom out. See the support turned resistance. There's yer sign! Or not.
It's dead simple. Zoom out. See the support turned resistance. There's yer sign! Or not.
- #232,003
- Jun 16, 2010 11:41pm Jun 16, 2010 11:41pm
- Joined Jan 2010 | Status: The Voodoo Boodoo Club | 42,050 Posts
I don't understand why you guys have to have all that spaghetti in your charts. You can barely see the bars through all that crap.
It's dead simple. Zoom out. See the support turned resistance. There's yer sign! Or not.
I am Baaaaccckkkk and ready to make some more moneyyyyy 
. As of now i don't see any trading opportunity, but i'm sure something will setup up with more volatility in the london session. Let's get pippiinnn
. As of now i don't see any trading opportunity, but i'm sure something will setup up with more volatility in the london session. Let's get pippiinnn
- #232,007
- Jun 17, 2010 12:15am Jun 17, 2010 12:15am
Interesting battle going on between the H4 200 EMA and daily S1 - with L3 Cam and monthly PP right in the middle. Bearish wedge forming. Notice that if we break the ltl and the H1 200 EMA at 14668, cable will them be below all of the 200 EMAs including daily, weekly and monthly. However, at the same time there's still a utl to be retested, it's at the bottom of the channel, and there's bullish divergence on the M15. I'm staying with my long for now, but the stop is fairly near by.
Having said that - now it can tank
Having said that - now it can tank
The market is always right.
- #232,008
- Jun 17, 2010 12:27am Jun 17, 2010 12:27am
- Joined Jul 2009 | Status: Singleness of purpose: profit. | 1,298 Posts
- #232,010
- Jun 17, 2010 1:26am Jun 17, 2010 1:26am
Hello everybody! 
please tell me: Is this indi late or not. I can't understand.
please tell me: Is this indi late or not. I can't understand.
- #232,015
- Jun 17, 2010 2:04am Jun 17, 2010 2:04am
Looking at the weekly makes me feel the bear run isn't done yet. I feel we could possibly see 1.4-1.39 within 1-3 weeks. Our current bullish movement seems no different than prior retracements in the bear run from the 1.7 area. Bulls look weak. Also the recent choppy movements show no sign of being impulse waves. "The key to predicting the future in this market is to look at the past" -George Washington JK
