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Cable Update (GBPUSD)

  • #265,101
  • Nov 24, 2010 7:26am Nov 24, 2010 7:26am
Why do I get the feeling cable is gonna whipsaw today
  • #265,102
  • Nov 24, 2010 7:34am Nov 24, 2010 7:34am
just a little bounce off EMA20 M15

In again 15805
  • #265,103
  • Nov 24, 2010 7:35am Nov 24, 2010 7:35am
Quoting chazzle
just a little bounce off EMA20 M15

In again 15805
and taking 14 this time
  • #265,104
  • Nov 24, 2010 7:35am Nov 24, 2010 7:35am
server overload hmmm

long again 15789.. sl tp 50 manage as and when
paid the landlord twice..
  • #265,105
  • Nov 24, 2010 7:38am Nov 24, 2010 7:38am
Jobless claims down 34k to 407k
Durable goods orders down 3.3%
Personal Income up 0.5%
Consumer Spending up 0.4%
  • #265,106
  • Nov 24, 2010 7:40am Nov 24, 2010 7:40am
SHORT OR LONG?
  • #265,107
  • Nov 24, 2010 7:41am Nov 24, 2010 7:41am
Take 5,,brilliant trading
All systems of divination, like music itself,work through patterns.
  • #265,108
  • Nov 24, 2010 7:46am Nov 24, 2010 7:46am
Quoting yurijap
SHORT OR LONG?
Why you asking us? No-one has a clue!
  • #265,109
  • Nov 24, 2010 7:52am Nov 24, 2010 7:52am
Loox like we are currently at a bit of a resistance point on the chart, but still above daily open so might be seeing a few more buyers before the next wave of selling....

Chart 1, shows this as being a fill back on immediate positions to lows of last week.

Chart 2, shows next resistance on an M15 chart, 200EMA...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: c1.jpg Size: 95 KB
Click to Enlarge Name: c2.jpg Size: 76 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #265,110
  • Nov 24, 2010 7:52am Nov 24, 2010 7:52am
Quoting yurijap
SHORT OR LONG?
yeah-just toss a coin if you can't decide...
  • #265,111
  • Nov 24, 2010 7:54am Nov 24, 2010 7:54am
Quoting chazzle
yeah-just toss a coin if you can't decide...
Ok, but once tossed and caught, do you open your hand or do you turn it over on your other hand?
  • #265,112
  • Nov 24, 2010 7:55am Nov 24, 2010 7:55am
Quoting Magix
Loox like we are currently at a bit of a resistance point on the chart, but still above daily open so might be seeing a few more buyers before the next wave of selling....
Hi Magix and thanks...always appreciate your view
  • #265,113
  • Nov 24, 2010 7:57am Nov 24, 2010 7:57am
I think most people are trading Euro over GBP.
  • #265,114
  • Nov 24, 2010 7:57am Nov 24, 2010 7:57am
Quoting fxvoilaaa
Ok, but once tossed and caught, do you open your hand or do you turn it over on your other hand?
just open your fingers a little bit so you can get a sneak peek,then decide
  • #265,115
  • Nov 24, 2010 7:57am Nov 24, 2010 7:57am
Quoting fxvoilaaa
I think most people are trading Euro over GBP.
Probably because they know Euro is doomed hence might as well shaft it as much as possible before it disappears.
  • #265,116
  • Nov 24, 2010 7:58am Nov 24, 2010 7:58am
Quoting chazzle
yeah-just toss a coin if you can't decide...
thirst time i've done one of these
All systems of divination, like music itself,work through patterns.
  • #265,117
  • Nov 24, 2010 7:58am Nov 24, 2010 7:58am
Quoting chazzle
just open your fingers a little bit so you can get a sneak peek,then decide
You know what, I might actually give that a go.

Who knows, might produce some pips.
  • #265,118
  • Nov 24, 2010 7:58am Nov 24, 2010 7:58am
Quoting fxvoilaaa
I think most people are trading Euro over GBP.
Yes thats been the case for the last 10 years...lol
  • #265,119
  • Nov 24, 2010 7:59am Nov 24, 2010 7:59am
Quoting chazzle
Yes thats been the case for the last 10 years...lol
Lol, except nowadays it's even more so.
  • #265,120
  • Nov 24, 2010 8:02am Nov 24, 2010 8:02am
looking at the action the way i'm reading it is that buyers are trying but unable to break through... need that 15805 area properly broken and form support otherwise sellers will take it southsville with haste
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