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Cable Update (GBPUSD)

  • #238,121
  • Jul 15, 2010 12:46am Jul 15, 2010 12:46am
Its tested the 38.2% retracement on the daily 3 times now. If it breaks 1.5291 then we go north rapidly.
  • #238,122
  • Jul 15, 2010 12:48am Jul 15, 2010 12:48am
Morning all! decided to get some much needed sleep, but back in the saddle again!
"Keep your eyes on the helpers" - Mr. Rogers
  • #238,123
  • Jul 15, 2010 12:49am Jul 15, 2010 12:49am
Quoting Magix
Lemme put it this way....

You talk digger out of buying more John Deere and start investing in Boeing....

We can have more convos over the waters and landing on private beaches.

Lol , never dude ha ha
Attached Image
  • #238,124
  • Jul 15, 2010 12:52am Jul 15, 2010 12:52am
Quoting OldReigatian
Its tested the 38.2% retracement on the daily 3 times now. If it breaks 1.5291 then we go north rapidly.
Otherwise, broken down 1.5247 huge fall !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #238,125
  • Jul 15, 2010 12:55am Jul 15, 2010 12:55am
Quoting manize
Otherwise, broken down 1.5247 huge fall !
Possibly.

My guess is whichever way it goes, we are in for a 200 pip high/low day.
  • #238,126
  • Jul 15, 2010 12:56am Jul 15, 2010 12:56am
Quoting Magix
There are a few people here I call my friends. People I wish would be around forever, but I simply know that this is an impossibility.

Those that maintain a status long enough to have a status will all tell you the same.

Success = perseverance and persistence enough to piss a hole in a rock.

A big shout out should periodically go to those who take the time and continue the effort.

Starting with my main man, KILLER! and in no particular order after, Mal, Dig, Dr.D, CTIC, Wormie, Cloggie, Nav, 4xSuperstar, EGkid, bull_bear, ams, BT, Lion,...
Thanks Magix, but I am MIA quite a lot, but I sure do enjoy seeing familiar faces here. You guys make FF a pretty enjoyable place, and your successful! What forex trader wouldn't want to hang out with successful trades and get to do it for free none the less. You guys deserve all the credit, so THANK YOU!
"Keep your eyes on the helpers" - Mr. Rogers
  • #238,127
  • Jul 15, 2010 1:03am Jul 15, 2010 1:03am
It is getting tighter up there. Right now still bouncing around those upper TL's. Could be we will get a last ditch spike up, maybe starting right now, who knows. Possibly something to get the shorts out before heading lower.

Notice there is still the H4 hammer bar that is running the show!

Attached Image (click to enlarge)
Click to Enlarge Name: h4.gif Size: 40 KB
"Keep your eyes on the helpers" - Mr. Rogers
  • #238,128
  • Jul 15, 2010 1:11am Jul 15, 2010 1:11am
Quoting damonl
It is getting tighter up there. Right now still bouncing around those upper TL's. Could be we will get a last ditch spike up, maybe starting right now, who knows. Possibly something to get the shorts out before heading lower.

Notice there is still the H4 hammer bar that is running the show!

Attachment
Not much room for a spike up if we are going down as we are at major barriers around here anyway.
  • #238,129
  • Jul 15, 2010 1:13am Jul 15, 2010 1:13am
http://i233.photobucket.com/albums/e..._broker/gu.jpg
  • #238,130
  • Edited 1:33am Jul 15, 2010 1:19am | Edited 1:33am
Quoting wormboy
okay, looks like those resistance worked so far & price is currently testing the ltl.
If the ltl goes, the previous range's hi will serve as the first support before the W1 pvp @5120.

Let's see how this goes. Good luck
sure did bro...pretty much congested because of that... break either way should be interesting...
Attached Image (click to enlarge)
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Hear the music before the song is over ...
  • #238,131
  • Jul 15, 2010 1:20am Jul 15, 2010 1:20am
EURUSD and AUDUSD dropping already ... meanwhile I saw a 10 pip gap up on GBPUSD ... some pent up strength on cable .... wonder if it follows or goes counter
  • #238,132
  • Jul 15, 2010 1:21am Jul 15, 2010 1:21am
Quoting OldReigatian
Not much room for a spike up if we are going down as we are at major barriers around here anyway.
The bear in me likes to think this is it.
  • #238,133
  • Jul 15, 2010 1:24am Jul 15, 2010 1:24am
Quoting OldReigatian
Not much room for a spike up if we are going down as we are at major barriers around here anyway.
Yeah, I suspect that you are right. If you go back to the last upthrust in late March, early April, you will see that we are hitting our heads and what was some pretty strong support then, that held for a very long time. We could be bouncing around here for a bit, but there doesn't seem to be any question in my mind that it will need more strength from lower to push through this level and go higher.
"Keep your eyes on the helpers" - Mr. Rogers
  • #238,134
  • Jul 15, 2010 1:26am Jul 15, 2010 1:26am
:nerd:1.5247 !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #238,135
  • Jul 15, 2010 1:39am Jul 15, 2010 1:39am
Quoting manize
:nerd:1.5247 !
i cant take it! the suspense is killing me!
  • #238,136
  • Jul 15, 2010 1:42am Jul 15, 2010 1:42am
Quoting kasper
EURUSD and AUDUSD dropping already ... meanwhile I saw a 10 pip gap up on GBPUSD ... some pent up strength on cable .... wonder if it follows or goes counter
10 pip gap up?...I don't see it on mine...but interesting..what is your price feed?
could you post a chart of it?
Hear the music before the song is over ...
  • #238,137
  • Jul 15, 2010 1:44am Jul 15, 2010 1:44am
Quoting GlobalMacro
10 pip gap up?...I don't see it on mine...but interesting..what is your price feed?
could you post a chart of it?
this is a 1 min, to show it clearly.
Attached Image (click to enlarge)
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  • #238,138
  • Jul 15, 2010 1:46am Jul 15, 2010 1:46am
Quoting kasper
this is a 1 min, to show it clearly.
I've got a raging clue (south park anyone?) that your broker was doing some stop hunting.
  • #238,139
  • Jul 15, 2010 1:48am Jul 15, 2010 1:48am
Quoting gotpips92
I've got a raging clue (south park anyone?) that your broker was doing some stop hunting.
not surprising ... just .. came as a surprise to me. looks like cable isnt going down without a fight.
  • #238,140
  • Jul 15, 2010 1:48am Jul 15, 2010 1:48am
Head back up now to the top of the range..... ?

Attached Image (click to enlarge)
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"Keep your eyes on the helpers" - Mr. Rogers
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