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Cable Update (GBPUSD)

  • #256,681
  • Sep 28, 2010 9:27am Sep 28, 2010 9:27am
Quoting gammase1
You and me both, Pipchick. Mr Posen also cost me money!

I shall add him to my "list", right beneath Ben Bernanke!

All the best.

FWIW, he cost me money.
  • #256,682
  • Sep 28, 2010 9:27am Sep 28, 2010 9:27am
Quoting bbmac
anyways, back to the techs, nice bounce at the base of the previous 1hr/4hr swing hi = potential rbs zone, confluebce with 61.8% 5610-5895..

Price @ 126% of the 20day average pip range at the low...Nice 1min double divergence based set-up to scalp + long there....

G/L
Using supply and demand today has been very fruitful!

We have hit a speedbump!
  • #256,683
  • Edited 9:40am Sep 28, 2010 9:28am | Edited 9:40am
Quoting AdrianHNV
Managed to get 3 Longs in from 1.5730............ going all the way back up to the top again
a bit after the fact to be posting this, don't you think? 40 minutes ago we were at that price... lol




.
  • #256,684
  • Sep 28, 2010 9:28am Sep 28, 2010 9:28am
Quoting nAVIN2007
to be honest..i have no idea, all i know i wont listen to news i follow charts..even if this falls right to the open on monthly it still wont change anything but if it recovers from here we are going up! and the US is gonna be in very big trouble

it simply cannot recover
Is that chart live? wow! i call that move "PIPSTEP' . used to be my favourite move. it reaps a lot of benefit but my daily chart shows its gonna sell for a while..but the weekly chart has buy written all over USDCHF. Lets pray it goes back up so we can share the profit.
Goodluck.
  • #256,685
  • Sep 28, 2010 9:28am Sep 28, 2010 9:28am
Quoting gammase1
You and me both, Pipchick. Mr Posen also cost me money!

I shall add him to my "list", right beneath Ben Bernanke!

All the best.
All was going well....had to run my daughter to school and came back to stopped out. I was like..what the H ...E....double toothpicks??? Went to FF news and there it was! Someone needs to smack me in the head!
  • #256,686
  • Sep 28, 2010 9:29am Sep 28, 2010 9:29am
price recovered on support..so long as a new low isnt made all good

bad thing is: we have a double bar high lower close..so that top is a good sell area..need to break that top
Attached Image (click to enlarge)
Click to Enlarge Name: chart3.jpg Size: 99 KB
  • #256,687
  • Sep 28, 2010 9:30am Sep 28, 2010 9:30am
Quoting AdrianHNV
Managed to get 3 Longs in from 1.5730............ going all the way back up to the top again
You reckon? i certainly don't
  • #256,688
  • Sep 28, 2010 9:30am Sep 28, 2010 9:30am
Quoting Villonius
Hi Cloggie

This is quite interesting.
V

Quite possibly a far right......... member......

Hopefully in future they will GAG him before a he does another dumb speech like that....
  • #256,689
  • Sep 28, 2010 9:31am Sep 28, 2010 9:31am
Quoting Alexbabwa
You reckon? i certainly don't
u might wanna take a look at your chart..
NOW
  • #256,690
  • Sep 28, 2010 9:32am Sep 28, 2010 9:32am
Quoting Alexbabwa
You reckon? i certainly don't
There is not a lot standing in its way!
  • #256,691
  • Sep 28, 2010 9:32am Sep 28, 2010 9:32am
Quoting bbakker
Using supply and demand today has been very fruitful!

We have hit a speedbump!
It is the basis of my trading edge, and is as you yourself know well, useful every day.

G/L
ex member
  • #256,692
  • Sep 28, 2010 9:33am Sep 28, 2010 9:33am
Quoting mloistianto
last train for today.. ANybody??
Okay. Last Train leavinggg.. Buh Bye..
  • #256,693
  • Sep 28, 2010 9:34am Sep 28, 2010 9:34am
Quoting Alexbabwa
short 770 SL 815, very confident about this
stopped for - 45, what the hell do i know
  • #256,694
  • Sep 28, 2010 9:34am Sep 28, 2010 9:34am
Quoting AdrianHNV
Quite possibly a far right......... member......

Hopefully in future they will GAG him before a he does another dumb speech like that....
LOL! Why.. he made my day!
  • #256,695
  • Sep 28, 2010 9:34am Sep 28, 2010 9:34am
Quoting Alexbabwa
stopped for - 45, what the hell do i know
Stay out of the market... tomorrow is another day!
  • #256,696
  • Sep 28, 2010 9:35am Sep 28, 2010 9:35am
Quoting cloggie
When a Central Banker publicly states that the UK is destined to become the Japan of the noughties, I am not going to buy this one just yet. Let it all settle down first. This is a major about turn in BOE thinking.

This changes the fundamental landscape in one great sweep.

The market in general needs to absorb what he said and what the meaning behind it was. If it is the consensus of the BOE then Cable is destined for parity. Now do I see that happening, of course not, however this is just about the biggest fundamental news this year from the...
I think its utterly ridiculous to assume that the United Kingdom may walk away without further QE. As a matter of fact, the Uk and the individual citizen is one of the most indebted nations worldwide according to CIA fact book. Itīs almost a miracle that the austerity measures are not discussed more stringent in media outlets like FT, Telegraph, Times and BBC.

Itīs about time for GBP to take a well deserved beating.

You cannot live from day to day with your credit card in your pocket !
________________________________ Errare humanum est
  • #256,697
  • Sep 28, 2010 9:36am Sep 28, 2010 9:36am
Quoting bbakker
Stay out of the market... tomorrow is another day!

We are back to normal play again, Gold over 1300, stocks of the bottom and UC dropping like a lead balloon in a vacuum.
  • #256,698
  • Sep 28, 2010 9:36am Sep 28, 2010 9:36am
I must sit out for the day. Mkt is a little wacky so I dont need to risk a second loss. I will just be sitting over here in the corner if anyone wants to chat. LOL
  • #256,699
  • Sep 28, 2010 9:36am Sep 28, 2010 9:36am
Quoting pips stunner
Is that chart live? wow! i call that move "PIPSTEP' . used to be my favourite move. it reaps a lot of benefit but my daily chart shows its gonna sell for a while..but the weekly chart has buy written all over USDCHF. Lets pray it goes back up so we can share the profit.
Goodluck.

u need to learn how to read charts my friend..i wont buy swissy in this state..are u looking at the same chart????

the dollar is being sold heavy
Attached Image (click to enlarge)
Click to Enlarge Name: chart3.jpg Size: 106 KB
  • #256,700
  • Sep 28, 2010 9:36am Sep 28, 2010 9:36am
Quoting Fudomyo
a bit after the fact to be posting this, don't you think?

Sorry I had , it typed out but there was a cat in the garden chasing the birds,,, that took preference, when I came back I sent it anyways. not thinking about the time lag. Sorry
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