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Cable Update (GBPUSD)

  • #244,841
  • Aug 11, 2010 4:54am Aug 11, 2010 4:54am
Quoting cloggie
You and 4X in a competition to see who gets a 1,000 pip week first?
wat is that? dunno about that?
Verily, in every difficulties there is relief
  • #244,842
  • Aug 11, 2010 4:54am Aug 11, 2010 4:54am
Quoting forexlion
who is planning counter trend long ?
me..
  • #244,843
  • Aug 11, 2010 5:00am Aug 11, 2010 5:00am
at 1.5665, see if we can get a bounce a retest of yesterdays low.
Quoting forexlion
who is planning counter trend long ?
  • #244,844
  • Aug 11, 2010 5:05am Aug 11, 2010 5:05am
On 1 hour, we are done shorting

now begins the slow consolidation ..................................
  • #244,845
  • Aug 11, 2010 5:07am Aug 11, 2010 5:07am
Quoting primzvicious
this is minor resistance... will see whether could hold or not
closed another half here @680 dont wanna be greedy...
Verily, in every difficulties there is relief
  • #244,846
  • Aug 11, 2010 5:11am Aug 11, 2010 5:11am
Quoting cloggie
I covered some, still carrying some for more. Looking for 5657

Bit shy of target, covered all.
  • #244,847
  • Aug 11, 2010 5:12am Aug 11, 2010 5:12am
So with a failure at 1.6 has the uptrend died?
  • #244,848
  • Aug 11, 2010 5:12am Aug 11, 2010 5:12am
Quoting cloggie
Bit shy of target, covered all.
it seems like yesterday trendline still hold..
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 16 KB
Verily, in every difficulties there is relief
  • #244,849
  • Aug 11, 2010 5:13am Aug 11, 2010 5:13am
Quoting forexlion
On 1 hour, we are done shorting

now begins the slow consolidation ..................................
make it quick pleezz..
  • #244,850
  • Aug 11, 2010 5:14am Aug 11, 2010 5:14am
Quoting forexlion
On 1 hour, we are done shorting

now begins the slow consolidation ..................................
Buy Buy Buy Buy Buy Buy Buy

http://img153.imageshack.us/img153/574/88540790.gif
  • #244,851
  • Aug 11, 2010 5:16am Aug 11, 2010 5:16am
Quoting gotpips92
So with a failure at 1.6 has the uptrend died?

Quantify your question. You see a 300 pip retrace on a 1800 pip 3 month bull move as and end of the uptrend?
  • #244,852
  • Aug 11, 2010 5:17am Aug 11, 2010 5:17am
Quoting forexlion
Buy Buy Buy Buy Buy Buy Buy

http://img153.imageshack.us/img153/574/88540790.gif
Just put that stoch value to weekly charts

I bet everyone here will be laughing on the floor .........
  • #244,853
  • Aug 11, 2010 5:18am Aug 11, 2010 5:18am
Quoting forexlion
Buy Buy Buy Buy Buy Buy Buy

http://img153.imageshack.us/img153/574/88540790.gif
I think we've a bit further to go yet. GY has a date with 132.xx before any significant bounce IMO. That would drag GU at least another 100 pips south. (I have a very small GU long btw based on some short term bullish divergence).
  • #244,854
  • Aug 11, 2010 5:18am Aug 11, 2010 5:18am
Quoting forexlion
Buy Buy Buy Buy Buy Buy Buy

Will do, do,
  • #244,855
  • Aug 11, 2010 5:19am Aug 11, 2010 5:19am
Quoting forexlion
Just put that stoch value to weekly charts

I bet everyone here will be laughing on the floor .........

in simple words .........

http://img217.imageshack.us/img217/5967/66412291.gif
  • #244,856
  • Aug 11, 2010 5:21am Aug 11, 2010 5:21am
Quoting cloggie
Quantify your question. You see a 300 pip retrace on a 1800 pip 3 month bull move as and end of the uptrend?
LOL.. Cool words. look at monthly look at overall trend..
  • #244,857
  • Aug 11, 2010 5:22am Aug 11, 2010 5:22am
morning all, i haven't got access to a chart right now, whats the next support for cable now that its broken below 1.57?
  • #244,858
  • Aug 11, 2010 5:22am Aug 11, 2010 5:22am
Quoting cloggie
Quantify your question. You see a 300 pip retrace on a 1800 pip 3 month bull move as and end of the uptrend?
okay, so then is a 1/6 retrace sufficient? I mean why aren't people buying the crap out of this dip then? Just wondering, trying to understand
  • #244,859
  • Aug 11, 2010 5:25am Aug 11, 2010 5:25am
Quoting gotpips92
okay, so then is a 1/6 retrace sufficient? I mean why aren't people buying the crap out of this dip then? Just wondering, trying to understand

Plenty of buyers here, all depends on your strategy and TF.
  • #244,860
  • Aug 11, 2010 5:26am Aug 11, 2010 5:26am
Quoting gotpips92
okay, so then is a 1/6 retrace sufficient? I mean why aren't people buying the crap out of this dip then? Just wondering, trying to understand
maybe they want to buy it dipper
Verily, in every difficulties there is relief
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