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Cable Update (GBPUSD)

  • #241,901
  • Jul 30, 2010 4:53am Jul 30, 2010 4:53am
I can hear a fat lady warming up.
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  • #241,902
  • Jul 30, 2010 4:53am Jul 30, 2010 4:53am
Quoting drakes
Kick finally came....
Time to see if it can break yesterday's low....
Don't be emo... don't be emo....
  • #241,903
  • Jul 30, 2010 4:54am Jul 30, 2010 4:54am
yo ho ho

go bearzzzzz, goooo !
  • #241,904
  • Jul 30, 2010 4:56am Jul 30, 2010 4:56am
one more run up i think as the grand finale, then the fat lady is centre stage.
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  • #241,905
  • Jul 30, 2010 5:00am Jul 30, 2010 5:00am
Just had the biggest move in an hour since 23 July 2010
  • #241,906
  • Jul 30, 2010 5:01am Jul 30, 2010 5:01am
Quoting drakes
Time to see if it can break yesterday's low....
YEsterdays low broken... time to see if it can break the next resistance level....
Don't be emo... don't be emo....
  • #241,907
  • Jul 30, 2010 5:04am Jul 30, 2010 5:04am
Quoting LetsTrade
Just had the biggest move in an hour since 23 July 2010
First tranch of selling, 5564 should give her some respite, next batch at 1100 GMT.
  • #241,908
  • Jul 30, 2010 5:05am Jul 30, 2010 5:05am
beautiful retracement on to 23.6!
  • #241,909
  • Jul 30, 2010 5:07am Jul 30, 2010 5:07am
Quoting mouse09
yo ho ho

go bearzzzzz, goooo !
I said GOOO Dammit!
  • #241,910
  • Jul 30, 2010 5:07am Jul 30, 2010 5:07am
Quoting cloggie
First tranch of selling, 5564 should give her some respite, next batch at 1100 GMT.
I took profit @ 5569, just before S2, am looking to reenter again with later to hit next S3...
Don't be emo... don't be emo....
  • #241,911
  • Jul 30, 2010 5:09am Jul 30, 2010 5:09am
Quoting Uphios
I can hear a fat lady warming up.
she's cooled a bit down right now, maybe she was teasing us.
  • #241,912
  • Jul 30, 2010 5:12am Jul 30, 2010 5:12am
Quoting drakes
I took profit @ 5569, just before S2, am looking to reenter again with later to hit next S3...

That was not S2, that was S1, DP is at 5617, S1 5572, but I wanted to see 5564 as to my earlier post.
  • #241,913
  • Jul 30, 2010 5:16am Jul 30, 2010 5:16am
Quoting witsnpips
beautiful retracement on to 23.6!
and you haven't seen the 23.6 from the 1.51236 leg yet!
  • #241,914
  • Jul 30, 2010 5:16am Jul 30, 2010 5:16am
Quoting cloggie
That was not S2, that was S1, DP is at 5617, S1 5572
Hmmm... that's weird... my S1 is 5582, S2 is 5562.... will recheck...

Anyway, will look to reenter again after the retracements... hopefully news will help it move further....
Don't be emo... don't be emo....
  • #241,915
  • Jul 30, 2010 5:18am Jul 30, 2010 5:18am
Quoting wormboy
welp, looks like we're in the money
Rising wedge broken, the rejections at W1 R2 @5662 (three times), producing one spinning top & two shooting stars which had broken the ltl & dp. Still would want a clean close below for a better confirmation but looks like cable had likely topped out. I'll retain short positions taken earlier.

Good luck everyone.
Okay, there's our previous R1 retest, which is also primary support for the day.
Good area to book some profit if selling & leave the rest for the larger targets imho. Bearish rising wedge is now valid, looks like the balance of power had shifted & retrace is well underway.

Good luck.
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Thank You
  • #241,916
  • Jul 30, 2010 5:20am Jul 30, 2010 5:20am
Quoting cloggie
First tranch of selling, 5564 should give her some respite, next batch at 1100 GMT.
Cloggie, what news is at 1100GMT? I do not have that on any calender..
  • #241,917
  • Jul 30, 2010 5:20am Jul 30, 2010 5:20am
Quoting drakes
Hmmm... that's weird... my S1 is 5582, S2 is 5562.... will recheck...

Anyway, will look to reenter again after the retracements... hopefully news will help it move further....

You are using either a different DP or different calculations for your S1.
  • #241,918
  • Jul 30, 2010 5:21am Jul 30, 2010 5:21am
Quoting langdonb
Cloggie, what news is at 1100GMT? I do not have that on any calender..

No news, just monthly balancing EG, EU balancing will be at 1500.
  • #241,919
  • Jul 30, 2010 5:25am Jul 30, 2010 5:25am
Quoting drakes
Hmmm... that's weird... my S1 is 5582, S2 is 5562.... will recheck...

Anyway, will look to reenter again after the retracements... hopefully news will help it move further....

Check your pivot indy with this: http://www.earnforex.com/pivot-points-calculator
  • #241,920
  • Jul 30, 2010 5:31am Jul 30, 2010 5:31am
Quoting cloggie
Check your pivot indy with this: http://www.earnforex.com/pivot-points-calculator
Ok thank you...
Don't be emo... don't be emo....
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