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Cable Update (GBPUSD)

  • #261,441
  • Oct 21, 2010 9:47am Oct 21, 2010 9:47am
If the price M5 < 1.57698 I will short for 30 pips
  • #261,442
  • Oct 21, 2010 10:09am Oct 21, 2010 10:09am
Quoting redsword11
Attachment



Red


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  • #261,443
  • Oct 21, 2010 10:13am Oct 21, 2010 10:13am
Quoting Beljevina

There's unfinished business down at the last low of 1.5727 and I feel 1.57/1.569 is calling as part of the overall fundamental bearish sterling direction, along with numerous rejections of that UTL. Plus, it's silly colleague the euro did a huge pop of an undeserved 170+ pips and hit expected resistance around 1.404 and needs to regroup; question is will it get only back to 1.4 or 1.398; prolly the latter but then potentially retry upwards, and hopefully fail. Looking for GU 1.5670, 1.5625 on the failure of 1.5690; today would be nice.
Really hating the PA ... barely did 60 pips in London - slow and lacking movement, and been wedging into a range since then. Hopefully we're distributing. Am still bearish on both ... some weakness appearring and a rejection from the UTL on GBPUSD, but am suspicious of EURUSD - they really both merit coming down further; EURUSD needs to break out of that upwards channel though. Not seeing the equity market weakness I hoped for, although it is still possible - volumes there are down & indexes up ... Going for higher sells if we spurt upwards - am especially convinced of GU's bearishness ... unless USD ruins the party! Good news is upthrusts are getting sold.
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  • #261,444
  • Oct 21, 2010 10:44am Oct 21, 2010 10:44am
  • #261,445
  • Oct 21, 2010 10:57am Oct 21, 2010 10:57am
yeah pretty much agree.. sell the rallies..lets end this quick, already pass my bedtime.
  • #261,446
  • Oct 21, 2010 10:58am Oct 21, 2010 10:58am
Seems to me a lot of testing on the 30 minute chart around the 5730 level
  • #261,447
  • Oct 21, 2010 11:15am Oct 21, 2010 11:15am
Quoting grashid
welcome back master G
Verily, in every difficulties there is relief
  • #261,448
  • Oct 21, 2010 11:42am Oct 21, 2010 11:42am
finally a good thrust..sell!
  • #261,449
  • Oct 21, 2010 11:59am Oct 21, 2010 11:59am
Quoting wormboy
time to go cable, let's go!

http://www.youtube.com/watch?v=oe3MNsNPXes&ob=av2n
you go. Get low

Inserted Video
Thank You
  • #261,450
  • Oct 21, 2010 12:13pm Oct 21, 2010 12:13pm
who's selling?I buy your £ for quick bucks lol
  • #261,451
  • Oct 21, 2010 12:20pm Oct 21, 2010 12:20pm
Quoting chazzle
who's selling?I buy your £ for quick bucks lol
I'm short. Looking for .5580xx area. .5500xx would be better.
Si vis pacem, para bellum.
  • #261,452
  • Oct 21, 2010 12:25pm Oct 21, 2010 12:25pm
Quoting Duce
I'm short. Looking for .5580xx area. .5500xx would be better.
OK so I buy a few @ 15687? Is it a deal...you can have them back 15mins or so later...lol
  • #261,453
  • Oct 21, 2010 12:37pm Oct 21, 2010 12:37pm
Quoting chazzle
OK so I buy a few @ 15687? Is it a deal...you can have them back 15mins or so later...lol
15636 and you got a deal.
Si vis pacem, para bellum.
  • #261,454
  • Oct 21, 2010 12:42pm Oct 21, 2010 12:42pm
Quoting Duce
15636 and you got a deal.
No thats too cheap ...all the best Duce
  • #261,455
  • Oct 21, 2010 1:14pm Oct 21, 2010 1:14pm
Quoting MisterTrader
Osborne Says King May Act If U.K. Deficit Cut Leads to Slump


"may act" ? You mean "will act", Mr. Osborne...

Ha, 1.25 -1.35 here we come. Yupiiii
Boring session. Only 1.5685. I thought at least 1.5565....
________________________________ Errare humanum est
  • #261,456
  • Oct 21, 2010 1:26pm Oct 21, 2010 1:26pm
Quoting chazzle
OK so I buy a few @ 15687? Is it a deal...you can have them back 15mins or so later...lol
Whoomp there it is...(sorry WB-I stole your line)
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  • #261,457
  • Oct 21, 2010 1:37pm Oct 21, 2010 1:37pm
i could and am probably wrong here, but i honestly think price is defining the support on dailly (basing)
  • #261,458
  • Oct 21, 2010 1:48pm Oct 21, 2010 1:48pm
Quoting chazzle
Whoomp there it is...(sorry WB-I stole your line)
Price reacted to 1.27 FE of hourly ABCD. If this is a gartley it can at least retrace to 15750.
  • #261,459
  • Edited 2:07pm Oct 21, 2010 1:55pm | Edited 2:07pm
I know I keep saying it but PA very similar to the drop on 9AUG...but just a bit slower could be another 100 pip drop below today's low before we get another retrace back up...good support there too @ 15585
  • #261,460
  • Oct 21, 2010 2:02pm Oct 21, 2010 2:02pm
and we go down again short short taken
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