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Cable Update (GBPUSD)

  • #246,341
  • Aug 17, 2010 10:43pm Aug 17, 2010 10:43pm
Quoting Magix
Anything is possible, but I wouldn't put a whole lotta money to ride for 1.56.

Immediate trend line resistance topside and if we bust through that on a buy back, it would most likely top at the 5m 200ema, a little lower then your expectations.

Topside resistance on chart.
Now, if we were to see any sort of buying into London open, I would expect that they buy back up to their daily lows and then continue the trend....downwards.

Area on chart.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #246,342
  • Aug 17, 2010 10:45pm Aug 17, 2010 10:45pm
selling bottoms is a bright idea !!!

lets sell the bottoms we might make some money here

errr ..... i mean the bottoms on the chart ........ cable chart ..........

http://img842.imageshack.us/img842/2457/57352046.gif
  • #246,343
  • Aug 17, 2010 10:47pm Aug 17, 2010 10:47pm
Quoting Magix
Anything is possible, but I wouldn't put a whole lotta money to ride for 1.56.

Immediate trend line resistance topside and if we bust through that on a buy back, it would most likely top at the 5m 200ema, a little lower then your expectations.

Topside resistance on chart.
200 smoohundred lol, no i get wht you are saying and thanks opinion much apreciated.
My general thinking is i want to get into a 1:1 area to atleast just get 'free', and at the moment it clearly shows such possibilaty so i will pay attention to it, correct me if my thinking is errord.

Tht topside thts for extremes i dont often mark it just want to see something if it going to make a higher high and tank from there, thts the area i am looking for at to go, but i know its kinda stretching it.
  • #246,344
  • Aug 17, 2010 10:50pm Aug 17, 2010 10:50pm
Quoting CoffeeDrinke
200 smoohundred lol, no i get wht you are saying and thanks opinion much apreciated.
My general thinking is i want to get into a 1:1 area to atleast just get 'free', and at the moment it clearly shows such possibilaty so i will pay attention to it, correct me if my thinking is errord.

Tht topside thts for extremes i dont often mark it just want to see something if it going to make a higher high and tank from there, thts the area i am looking for at to go, but i know its kinda stretching it.
Heh...

I am not telling you what you should do or when you should be doing it. You posted a target, I posted an opinion...until something happens...it's just a discussion, free flowing ideas.

I know what I am holding for and will play direction until I see reason not to.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #246,345
  • Aug 17, 2010 10:50pm Aug 17, 2010 10:50pm
Quoting Magix
Now, if we were to see any sort of buying into London open, I would expect that they buy back up to their daily lows and then continue the trend....downwards.

Area on chart.
My read is move up to 1.5572 - 1.5585 with a thrust to pull in the longs and turn back down to continue the trend. No significant news events today so no reason for change in trend direction.

Time will tell.
  • #246,346
  • Aug 17, 2010 10:50pm Aug 17, 2010 10:50pm
Quoting forexlion
selling bottoms is a bright idea !!!

lets sell the bottoms we might make some money here

errr ..... i mean the bottoms on the chart ........ cable chart ..........

http://img842.imageshack.us/img842/2457/57352046.gif
Mud slinging me like it alot lol
Just by the way i got my coffee now very happy chappy might talk alot of nonsense from now on
  • #246,347
  • Aug 17, 2010 10:54pm Aug 17, 2010 10:54pm
Quoting Magix
Heh...

I am not telling you what you should do or when you should be doing it. You posted a target, I posted an opinion...until something happens...it's just a discussion, free flowing ideas.

I know what I am holding for and will play direction until I see reason not to.
I didnt try to attack you or somthing, dont warry i didnt take it tht you told me to do somthing you handed me advice
  • #246,348
  • Aug 17, 2010 10:57pm Aug 17, 2010 10:57pm
Quoting CoffeeDrinke
I didnt try to attack you or somthing, dont warry i didnt take it tht you told me to do somthing you handed me advice
Never took it as an attack...just wanted to point out that if you had a trade plan, I wasn't trying to make you change, just showing what I seen on my charts.

No worries my friend.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #246,349
  • Aug 17, 2010 11:00pm Aug 17, 2010 11:00pm
Quoting Magix
Heh...

I am not telling you what you should do or when you should be doing it. You posted a target, I posted an opinion...until something happens...it's just a discussion, free flowing ideas.

I know what I am holding for and will play direction until I see reason not to.
bro

my reading is he is here on an agenda

just ignore him and keep up your good work, its much appreciated.
  • #246,350
  • Aug 17, 2010 11:01pm Aug 17, 2010 11:01pm
Quoting forexlion
selling bottoms is a bright idea !!!

lets sell the bottoms we might make some money here

errr ..... i mean the bottoms on the chart ........ cable chart ..........

http://img842.imageshack.us/img842/2457/57352046.gif
..brilliant idea
  • #246,351
  • Aug 17, 2010 11:01pm Aug 17, 2010 11:01pm
Quoting forexlion
bro

my reading is he is here on an agenda

just ignore him and keep up your good work, its much appreciated.
We all have an agenda Lion...

Have fun.
Make money.
Learn what we can.
Pass along what we understand.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #246,352
  • Aug 17, 2010 11:03pm Aug 17, 2010 11:03pm
Quoting forexlion
bro

my reading is he is here on an agenda

just ignore him and keep up your good work, its much appreciated.
Golly wolly i believe thts calld paraniod
  • #246,353
  • Aug 17, 2010 11:06pm Aug 17, 2010 11:06pm
Quoting CoffeeDrinke
Golly wolly i believe thts calld paraniod
No, just called forexlion.
  • #246,354
  • Aug 17, 2010 11:16pm Aug 17, 2010 11:16pm
Quoting forexlion
selling bottoms is a bright idea !!!

lets sell the bottoms we might make some money here

errr ..... i mean the bottoms on the chart ........ cable chart ..........


should I be selling this ?

I am just waiting for London to enter

http://img832.imageshack.us/img832/5418/78579565.gif
  • #246,355
  • Aug 17, 2010 11:19pm Aug 17, 2010 11:19pm
Quoting grashid
..brilliant idea
grashid, check weekly on that, pretty interesting stuff there
  • #246,356
  • Aug 17, 2010 11:19pm Aug 17, 2010 11:19pm
Quoting forexlion
should I be selling this ?

I am just waiting for London to enter

http://img832.imageshack.us/img832/5418/78579565.gif
High risk IMO but your money to lose.

Flip a coin. Better make a 2 out of 3 to increase your odds.
  • #246,357
  • Aug 17, 2010 11:24pm Aug 17, 2010 11:24pm
Quoting bablo
High risk IMO but your money to lose.

Flip a coin. Better make a 2 out of 3 to increase your odds.
Did I say anything about buying ?

Its just that this is not a good place for any trade.
  • #246,358
  • Edited 11:30pm Aug 17, 2010 11:29pm | Edited 11:30pm
Quoting forexlion
Did I say anything about buying ?

Its just that this is not a good place for any trade.
Not looking to get into a tinkle contest with you but did I say anything about buying or selling?

This is no mans land. Not a good point to think about trading. Give London an hour and re-evaluate.

Just making sure that any fresh meat looking into this thread don't read your post about selling bottoms as a signal to buy.

This level is the line in the sand to me. Not trades ATM.
  • #246,359
  • Aug 17, 2010 11:38pm Aug 17, 2010 11:38pm
Imo price has all ready made a new low for the day so any close under that 1.5535 support line will have the bears frothing at the mouth
  • #246,360
  • Aug 17, 2010 11:49pm Aug 17, 2010 11:49pm
Quoting bablo
Not looking to get into a tinkle contest with you but did I say anything about buying or selling?

This is no mans land. Not a good point to think about trading. Give London an hour and re-evaluate.

Just making sure that any fresh meat looking into this thread don't read your post about selling bottoms as a signal to buy.

This level is the line in the sand to me. Not trades ATM.
Good
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