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Cable Update (GBPUSD)

  • #250,141
  • Aug 31, 2010 11:45am Aug 31, 2010 11:45am
today ...

gbplfx opened below the bigdog after yesterday's thrust. the writing was already on the wall. all that was needed was some patience.
Currently the gbplfx has arrived at the monthly support. Cable will likely range before sliding a bit more. We are after all back @5300 ... where many brave souls are buried


Good luck.
Attached Image (click to enlarge)
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Thank You
  • #250,142
  • Aug 31, 2010 11:46am Aug 31, 2010 11:46am
Quoting autopips
This is exactly the trade setup I am currently running.
We should have a good reaction at the level.
Some like 50% correction of last leg, maby more.

Let's see...

1.5308, no blind trade waiting some kind of confirmation and fast BE.
Good luck!
"Flip that coin!"
  • #250,143
  • Aug 31, 2010 11:48am Aug 31, 2010 11:48am
Staying short on this one.....going for 1.5100 at least
  • #250,144
  • Aug 31, 2010 11:51am Aug 31, 2010 11:51am
Quoting pawpaw1000
Oi, the Bee man has been contributing. Don't you remember when me and BBakker were always talking and being corrected? oh no, you weren't here...

Anyways, let it be... If you don't wanna listen, use ignore button. That way you see just the posts you want, OK?
It's a bee lady & I don't mind the buzzing .. if you never post anything, how can you learn? Most of the time she is beeeee-ing helpful, if she has a particular opinion one doesn't agree with, post your own counter comments & move on. No sense in going on the attack.

C'mon, bees & popsicles should get along
******************* I'd rather make money than be right.
  • #250,145
  • Aug 31, 2010 11:52am Aug 31, 2010 11:52am
Quoting Scipionz
I'm not Tau but pleasures!
Good day to you,

Hehe.... thank you for answering that. Was busy having supper. I took your credit.. http://a.imageshack.us/img130/5016/87328809.gif



Regards
  • #250,146
  • Aug 31, 2010 12:05pm Aug 31, 2010 12:05pm
Quoting TauTrader
Good day to you,

Hehe.... thank you for answering that. Was busy having supper. I took your credit.. http://a.imageshack.us/img130/5016/87328809.gif



Regards
Hey!

Nice to see ya around!
You need to eat... sometimes. Lol!

Soon & regards!
"Flip that coin!"
  • #250,147
  • Aug 31, 2010 12:18pm Aug 31, 2010 12:18pm
well boys, 240 pip drop with NO retrace whatsoever on H1 so I will be looking for Asia to maybe supply one. Am watching current level to look for signs of bounce. We have relative weakness here looking at the H1 candles with longer and longer wicks to the downside. I was skeptical of this break from the start but we have moved 40 pips lower from there.

Will wait and watch to see if I get a trigger...

BUT not too eager either as I'm not one to go against the trend, might wait for 2moro...
@pawpaw1000 on Twitter
  • #250,148
  • Aug 31, 2010 12:21pm Aug 31, 2010 12:21pm
I didn't trade much today, just 3 trades and coming back, they've all closed in green
Now I just noticed something in EU and AU. Seems we might go up some. And it could mean some ray of hope for GU. Have a look
Attached Images
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #250,149
  • Aug 31, 2010 12:24pm Aug 31, 2010 12:24pm
what u guys are expecting from FOMC meeting .......... will the dollar strengthen ????
  • #250,150
  • Aug 31, 2010 12:40pm Aug 31, 2010 12:40pm
Lower yellow TL tested. Possible 50-61.8% retracement before another leg down but... a 4 hr close below the yellow LTL, then look for the hs target of 5060 to come into play.
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  • #250,151
  • Aug 31, 2010 3:10pm Aug 31, 2010 3:10pm
56 TRILLION DOLLAR DEBT?

Inserted Video


Inserted Video
@pawpaw1000 on Twitter
  • #250,152
  • Aug 31, 2010 4:23pm Aug 31, 2010 4:23pm
Quoting 4xStar
It's a bee lady & I don't mind the buzzing .. if you never post anything, how can you learn? Most of the time she is beeeee-ing helpful, if she has a particular opinion one doesn't agree with, post your own counter comments & move on. No sense in going on the attack.

C'mon, bees & popsicles should get along
Why?
All systems of divination, like music itself,work through patterns.
  • #250,153
  • Aug 31, 2010 4:23pm Aug 31, 2010 4:23pm
have set all my buy orders in EU, AU, and AJ. Need to go get some crumbs into this my tireless bowl (nice word). Be back or not tonite.

Peace to all!
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #250,154
  • Aug 31, 2010 4:26pm Aug 31, 2010 4:26pm
Forgot to mention that there is Twizzers in usd/chf H4 for those who play that with me, not forgetting we're doing GU here though. It's all about money.

Peace!
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #250,155
  • Aug 31, 2010 10:16pm Aug 31, 2010 10:16pm
Nice fricking UTL break and test........LOOK OUT BELOW!!!
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  • #250,156
  • Aug 31, 2010 10:20pm Aug 31, 2010 10:20pm
Quoting Nene
Nice fricking UTL break and test........LOOK OUT BELOW!!!
Thanks for your input/analysis...but you do realize this is the GU thread, not UCad?
Si vis pacem, para bellum.
  • #250,157
  • Aug 31, 2010 10:30pm Aug 31, 2010 10:30pm
Quoting Duce
Thanks for your input/analysis...but you do realize this is the GU thread, not UCad?
its important n have a relationship bro..why not
  • #250,158
  • Aug 31, 2010 10:44pm Aug 31, 2010 10:44pm
The butterfly is working its magic. Still have some to go before reaching the 618 retracement at 15420, that happens to be the monthly pivot.
  • #250,159
  • Aug 31, 2010 10:48pm Aug 31, 2010 10:48pm
Quoting pawpaw1000
well boys, 240 pip drop with NO retrace whatsoever on H1 so I will be looking for Asia to maybe supply one. Am watching current level to look for signs of bounce. We have relative weakness here looking at the H1 candles with longer and longer wicks to the downside. I was skeptical of this break from the start but we have moved 40 pips lower from there.

Will wait and watch to see if I get a trigger...

BUT not too eager either as I'm not one to go against the trend, might wait for 2moro...

You got the ball rolling. Every bubble reaches a point of exhaustion
and must collapse. I grabbed 45 pips out of this up move.

What's next.... 200ema on the 15m?

Dr. D.
Attached Images
  • #250,160
  • Aug 31, 2010 10:58pm Aug 31, 2010 10:58pm
I think Gu will bounce back to 16200 by the end of sept.
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