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Cable Update (GBPUSD)

  • #265,521
  • Nov 30, 2010 2:08am Nov 30, 2010 2:08am
Quoting chazzle
At least he gives prior warning...lol
Smart man, I wish you good pips.
  • #265,522
  • Nov 30, 2010 2:14am Nov 30, 2010 2:14am
Quoting nahman
You don't get the joke, artists tend to have more expensive artworks when they die And I thought your Brilliant colourful squiggles and lines is reminiscent of Jackson Pollock's "Blue Poles".
Oh, brilliant....

Golf clap...

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #265,523
  • Nov 30, 2010 2:16am Nov 30, 2010 2:16am
Quoting fuse
If price can break 1.5575 then I will hold onto my long, if not I'll take what I can get.
Waiting to see if price will move higher. I've moved my stop to break even now.
  • #265,524
  • Nov 30, 2010 2:16am Nov 30, 2010 2:16am
Woah! that was a nice jump to 1.5570. Anyone see it going higher than the nearest resistance for today?
  • #265,525
  • Nov 30, 2010 2:27am Nov 30, 2010 2:27am
Quoting fuse
Waiting to see if price will move higher. I've moved my stop to break even now.
Dude whats with you and your longs?! What are you basing that on?
  • #265,526
  • Nov 30, 2010 2:27am Nov 30, 2010 2:27am
G/M

Recovery off yesterday's Lo (top 1/2 of previous 4hr/daily swing lo zone, 76.4% 5296-6297 and 138% extension of last 4hr upswing 5558-5647) found supply at the first 1hr swing lo zone (previous support) and 23.6% of the 5741 move down to yesterday's lo...the subsequent selliong see-ing price make a slightly lower low today below yesterday's lo so far but again find some support in that previous 4hr/daily swing lo zone around that 138% fib extension mentioned above....price remains in that area betyween the current daily lo and the previous 1hr swing lo/hi now.

Some buying pressure entering the market now ? Time will tell- 1hr has channelled a bit now but overall scenarion 4hr/daily remains bearish...correct at writing.

Current near-term 1hr screenshot is below.

G/L

http://www.easy-upload.net/fichiers/z.2010113092610.gif
ex member
  • #265,527
  • Nov 30, 2010 2:32am Nov 30, 2010 2:32am
Quoting Jazznos
Dude whats with you and your longs?! What are you basing that on?
I just trade what I see....occasionally I get it right
  • #265,528
  • Nov 30, 2010 2:40am Nov 30, 2010 2:40am
Cable recovery struggling to get above that first previous 1hr swing hi/lo zone currently...this is mixed picure re opa (overall price action - peak/valley analysis) I am see-ing on 1hr atm.

G/L
Attached Image
ex member
  • #265,529
  • Nov 30, 2010 2:48am Nov 30, 2010 2:48am
I'm out at break even
  • #265,530
  • Nov 30, 2010 2:49am Nov 30, 2010 2:49am
Quoting fuse
I'm out at break even
Good job in covering your ass on this one.

May not have nutted the play, but it didn't cost you anything.

Very well done sir.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #265,531
  • Nov 30, 2010 2:53am Nov 30, 2010 2:53am
Quoting fuse
I'm out at break even
thot so!
  • #265,532
  • Nov 30, 2010 2:56am Nov 30, 2010 2:56am
Quoting Magix
Good job in covering your ass on this one.

May not have nutted the play, but it didn't cost you anything.

Very well done sir.
Thanks, I will wait for the pull back then look for a good spot to short seems to be the way everyone is going!
  • #265,533
  • Nov 30, 2010 3:12am Nov 30, 2010 3:12am
Cable falls at 1st hurdle again as selling pressure returns to the market, £ and € unbder pressure with new lows...This previous 4hr/daily swing lo zone extends to 5500 ands below that a previous daily swing hi (previous resistance) zone extending down to the Monthly S2 area 5474 which is also area of 61.8% 4945-6297 daily swing...Right now the lo is at the 38.2% of the main daily/weekly swing 4225-6297.

Current near-term 1hr screenshot is below

G/L
Attached Image
ex member
  • #265,534
  • Nov 30, 2010 3:15am Nov 30, 2010 3:15am
Quoting fuse
Thanks, I will wait for the pull back then look for a good spot to short seems to be the way everyone is going!
I'm now short from 1.5522 will see how this goes
  • #265,535
  • Nov 30, 2010 3:16am Nov 30, 2010 3:16am
Christ I'm getting rich here on my way from 1.5600 to 1.5300

Shamu
New voice message: Why are you calling me? If I need you, I'll call you!
  • #265,536
  • Nov 30, 2010 3:22am Nov 30, 2010 3:22am
4hr descending equidistant channel still intact.

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: z.gif Size: 14 KB
ex member
  • #265,537
  • Nov 30, 2010 3:27am Nov 30, 2010 3:27am
Daily shows the potential support zone, lo is currently at the 38.2% of main daily/weekly swing 4225-6297 in that previous 4hr/daily swing lo zone. The daily t/f ascending trend line todays comes through around 5400 which is also 76.4% area of 5123-6297 daily swing and 138% extension of the last weekly HL-HH 5296-6297.

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: z.gif Size: 22 KB
ex member
  • #265,538
  • Nov 30, 2010 3:29am Nov 30, 2010 3:29am
Quoting wormboy
rejected heavily at previous supp/res level @5645, which coincidentally was 2 pips off today's dp. Atm, price still look set to test 5472.

Good luck.
cleared my remaining shorts @5516. Not waiting for the monthly support @472 as the usdx is now at strong resistance.

Good luck to everyone.
Thank You
  • #265,539
  • Nov 30, 2010 3:30am Nov 30, 2010 3:30am
Quoting wormboy
cleared my remaining shorts @5516. Not waiting for the monthly support @472 as the usdx is now at strong resistance.

Good luck to everyone.

Hi WB, nice trade ! Mthly Pivots will change tomrrow of course...

G/L
ex member
  • #265,540
  • Nov 30, 2010 3:38am Nov 30, 2010 3:38am
Look like the daily is holding , Im long at 5520
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