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Cable Update (GBPUSD)

  • #261,261
  • Oct 20, 2010 9:50am Oct 20, 2010 9:50am
As soon as it took my TP at 1.5831 it shot up....do you reckon there were few Orders set up at the 618 retracement or was it coincidence??
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  • #261,262
  • Oct 20, 2010 9:53am Oct 20, 2010 9:53am
Quoting USD-Bear
ok, but not a pip more
You gave me one pip to many
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  • #261,263
  • Oct 20, 2010 9:58am Oct 20, 2010 9:58am
Quoting darrenware
You gave me one pip to many
it happens, don't worry about it.
  • #261,264
  • Oct 20, 2010 9:59am Oct 20, 2010 9:59am
Hardcore shorting here gogogog!!!
  • #261,265
  • Oct 20, 2010 10:02am Oct 20, 2010 10:02am
Quoting Nate04
Wow, should have stayed in... I could have made some more fake money. Oh well, I was counting on 61.8 being the end of the run. Guess not.
Always good to make fake money.
  • #261,266
  • Oct 20, 2010 10:03am Oct 20, 2010 10:03am
Quoting Robot
Hardcore shorting here gogogog!!!
why short now buddy? still so much strength in this upmove
Thank You
  • #261,267
  • Oct 20, 2010 10:04am Oct 20, 2010 10:04am
Quoting wormboy
why short now buddy? still so much strength in this upmove
watch the price bro watch how it will shoot down
  • #261,268
  • Oct 20, 2010 10:04am Oct 20, 2010 10:04am
Quoting Robot
Hardcore shorting here gogogog!!!
Wait a tiny bit longer to see
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  • #261,269
  • Oct 20, 2010 10:04am Oct 20, 2010 10:04am
Quoting fxvoilaaa
Always good to make fake money.
I know, right? Oh well, at least it is good to know that if I can do it on the demo, I can do it with really real money as well.
  • #261,270
  • Oct 20, 2010 10:06am Oct 20, 2010 10:06am
Quoting wormboy
why short now buddy? still so much strength in this upmove
he/she is a robot..don't you see... robot don't have patience....
  • #261,271
  • Oct 20, 2010 10:07am Oct 20, 2010 10:07am
well...we got the close above the descending TL.

came back from dinner and saw my TP target hit without me.
nice to get it right, nicer to make money.

will get back in on the pullback. R1 containing the move for the moment.

topside need to see how price reacts at the 15875 area, if it's not rejected 15900 area is next test.




Quoting Fudomyo
price is exactly where it was 8 hours ago. closed the rest of my long out of complete boredom.

they're playing it up the middle today, so until we get a close above or below either trendline, no point guessing.

news may have already been priced in.
Attached Image (click to enlarge)
Click to Enlarge Name: pitb2.gif Size: 43 KB
  • #261,272
  • Oct 20, 2010 10:07am Oct 20, 2010 10:07am
Quoting Robot
watch the price bro watch how it will shoot down
I still have some long positions in brother, so you'd understand if I have to disagree
Thank You
  • #261,273
  • Oct 20, 2010 10:07am Oct 20, 2010 10:07am
Quoting USD-Bear
Trying short @ 1.5820
SL 1.5835

I'm with you big guy
  • #261,274
  • Oct 20, 2010 10:09am Oct 20, 2010 10:09am
Quoting Mr.Elliott
he/she is a robot..don't you see... robot don't have patience....
hehe kureng
Thank You
  • #261,275
  • Oct 20, 2010 10:10am Oct 20, 2010 10:10am
Quoting Fudomyo
well...we got the close above the descending TL.

came back from dinner and saw my TP target hit without me.
nice to get it right, nicer to make money.

will get back in on the pullback.

topside need to see how price reacts at the 15875 area, if it's not rejected 15900 is next test.
'sup bro
Thank You
  • #261,276
  • Oct 20, 2010 10:10am Oct 20, 2010 10:10am
Quoting PandoraBox
I'm with you big guy
no you're not. we're way past 5835
Thank You
  • #261,277
  • Oct 20, 2010 10:11am Oct 20, 2010 10:11am
Above current price are the 50% of the 6107-5649 with 76.4% 5942-5649 a few pips lower, all in the previous 1hr/4hr swing lo zone...the underside of the previous 4hr ascending trend line is there too (breeched to downside in the move to 5649) and the 100sma on 4hr...4hr screenshot below.

Post Uk spending review move up strong-market liked what it heard obviously ? at least on knee-jerk reaction.

G/L

http://www.easy-upload.net/fichiers/...1020171119.gif
ex member
  • #261,278
  • Oct 20, 2010 10:11am Oct 20, 2010 10:11am
can it go to 5959? hmmm
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 28 KB
  • #261,279
  • Oct 20, 2010 10:12am Oct 20, 2010 10:12am
Quoting Mr.Elliott
he/she is a robot..don't you see... robot don't have patience....
Exactly I'm just a simple robot
  • #261,280
  • Oct 20, 2010 10:12am Oct 20, 2010 10:12am
Quoting wormboy
I still have some long positions in brother, so you'd understand if I have to disagree

Meeting a little resistance at R1 and 200 ema...but it should pop through to say hello to TP's

I'm out now so good luck

EDIT: R1 1.864 looks strong
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