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Cable Update (GBPUSD)

  • #237,501
  • Jul 13, 2010 4:12am Jul 13, 2010 4:12am
Quoting GlobalMacro
someone let that bear know...wrong party!!!
this bear always turn up at the right time bro
Thank You
  • #237,502
  • Jul 13, 2010 4:12am Jul 13, 2010 4:12am
There's a major area of confluence just above the weekly pivot at 5132. 61.8 fibo, descending trendline, and middle of 4hr channel. That should cap it. 5117/32 is what I'm thinking.
Attached Image (click to enlarge)
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  • #237,503
  • Jul 13, 2010 4:12am Jul 13, 2010 4:12am
Quoting GlobalMacro
that's right bro...things don't happen just outta thin air...there's always a reason for everything ....
now this market looks real sexy don't you think?
extremely sexy..like an artist painting a picture..
god i love this game..
Attached Image (click to enlarge)
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  • #237,504
  • Jul 13, 2010 4:14am Jul 13, 2010 4:14am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Good to see you GM. Been a while.

Hope you stay longer this time.



ta
ams


Quoting GlobalMacro
1.4970 was an interesting one...
  • #237,505
  • Jul 13, 2010 4:19am Jul 13, 2010 4:19am
Generally I'm bullish on this pair. In my opinion I believe 1.5's is undervalued and I think 1.6 is a fair price at this time.

The pair dropped a lot on Friday due to risk aversion over the weekend, especially as China data was being released. I do believe it is in an uptrend and will continue in this way.
Probability Professor
  • #237,506
  • Jul 13, 2010 4:20am Jul 13, 2010 4:20am
GBP show off its power now...
  • #237,507
  • Jul 13, 2010 4:21am Jul 13, 2010 4:21am
Man there is a lot going on here.

30M chart 100 and 200 SMA

1Hr chart 55 and 100 SMA

but hell never mind.. let's just blow past all that stuff!
"Keep your eyes on the helpers" - Mr. Rogers
  • #237,508
  • Jul 13, 2010 4:21am Jul 13, 2010 4:21am
Quoting okie
GBP show off its power now...
Went through 5080 resistance like there's no tomorrow
  • #237,509
  • Jul 13, 2010 4:23am Jul 13, 2010 4:23am
  •  Now
  • | Joined Aug 2006 | Status: 'I should have taken the money' | 654 Posts
Quoting GlobalMacro
someone let that bear know...wrong party!!!
Well, am not in the woods yet.
Being right is one, taking it from the table is two.
  • #237,510
  • Jul 13, 2010 4:24am Jul 13, 2010 4:24am
Quoting wormboy
this bear always turn up at the right time bro
Hear the music before the song is over ...
  • #237,511
  • Jul 13, 2010 4:24am Jul 13, 2010 4:24am
damn, GU make me tired.
My TP closed again??
Now i must wait for new position..
  • #237,512
  • Jul 13, 2010 4:24am Jul 13, 2010 4:24am
  •  Now
  • | Joined Aug 2006 | Status: 'I should have taken the money' | 654 Posts
Quoting okie
GBP show off its power now...
Little better-then-forecast CPI, move is overdone.
Being right is one, taking it from the table is two.
  • #237,513
  • Jul 13, 2010 4:25am Jul 13, 2010 4:25am
Quoting Galation
Generally I'm bullish on this pair. In my opinion I believe 1.5's is undervalued and I think 1.6 is a fair price at this time.
thats 95% of the reason why im long at these prices..it amazes me that so many are simply short because the trend is down overall and when the trend changes overall they will be long..and have no real technical hindsight beyond this.

its quite sad but then again its needed for us to make wonga
good luck to all
  • #237,514
  • Jul 13, 2010 4:25am Jul 13, 2010 4:25am
Hit TP, now waiting to see if can re-enter...
Don't be emo... don't be emo....
  • #237,515
  • Jul 13, 2010 4:26am Jul 13, 2010 4:26am
Attached Image
Quoting kingsteven
damn, GU make me tired.
My TP closed again??
Now i must wait for new position..
Stop killing our Oceans, Stop using single use plastics.
  • #237,516
  • Jul 13, 2010 4:26am Jul 13, 2010 4:26am
Quoting nAVIN2007
extremely sexy..like an artist painting a picture..
god i love this game..

.....and here we go 1.5080 IS cleared...
Attached Image (click to enlarge)
Click to Enlarge Name: M30.gif Size: 11 KB
Hear the music before the song is over ...
  • #237,517
  • Jul 13, 2010 4:26am Jul 13, 2010 4:26am
Quoting GlobalMacro
lol that bear is now a
he left!
Thank You
  • #237,518
  • Jul 13, 2010 4:27am Jul 13, 2010 4:27am
Quoting mihazupan1
Went through 5080 resistance like there's no tomorrow

Yaaa it broken yesterday high ... will it continue to 5204?
  • #237,519
  • Jul 13, 2010 4:29am Jul 13, 2010 4:29am
Quoting ams
Good to see you GM. Been a while.

Hope you stay longer this time.



ta
ams
good to see you too AMS...I'll try and hang around a lil' longer...
Hear the music before the song is over ...
  • #237,520
  • Jul 13, 2010 4:30am Jul 13, 2010 4:30am
Quoting wormboy
lol that bear is now a
he left!
she aint playin now..

Quoting GlobalMacro

.....and here we go 1.5080 IS cleared...
this is comin like silence to the lambs..LOL
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