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Cable Update (GBPUSD)

  • #283,981
  • Jul 12, 2011 2:36am Jul 12, 2011 2:36am
Quoting stulic
I'll wait for 5780, but that's just me.
Very well said. Should have remained short.
  • #283,982
  • Jul 12, 2011 2:37am Jul 12, 2011 2:37am
Fibs, Fibs, Fibs...which are meaningful in the donwmove from 6746 ?

Well you can plot them from almost any fractal swing hi to the current Lo but the meaningful ones are i guess plotted from 6746, 6546,6470,6441, 6139, 6128, 6077 to the current lo - ie 4hr/daily swing hi's to the current lo.

Fibs - they can be so subjective can't they ?

G/L
ex member
  • #283,983
  • Jul 12, 2011 2:43am Jul 12, 2011 2:43am



ihihihhih
Attached Image
90% of traders use TA, indicators and prediction
  • #283,984
  • Jul 12, 2011 2:45am Jul 12, 2011 2:45am
if we reach today 5750 maybe price can find demand.
if we reach it tomorrow im not so sure......
90% of traders use TA, indicators and prediction
  • #283,985
  • Jul 12, 2011 2:46am Jul 12, 2011 2:46am
Quoting _BBKing_



ihihihhih
BB Big KING .....why this big plunge in the cable?
I am still short anyway
  • #283,986
  • Jul 12, 2011 2:47am Jul 12, 2011 2:47am
Short... short and short...

BBMac, where is target area?

what bulls are doing right now?

Josef
  • #283,987
  • Jul 12, 2011 2:49am Jul 12, 2011 2:49am
Mni talking of possible bids toward 5800, if broken...stronger area 5570/50.

My last short trade target has been reached.

Quoting josef
Short... short and short...

BBMac, where is target area?

what bulls are doing right now?

Josef
ex member
  • #283,988
  • Jul 12, 2011 2:49am Jul 12, 2011 2:49am
Quoting josef
Short... short and short...

BBMac, where is target area?

what bulls are doing right now?

Josef
5760 is the target josef. i have my short open from 5911 so far 88+
  • #283,989
  • Jul 12, 2011 2:51am Jul 12, 2011 2:51am
Quoting at2au
BB Big KING .....why this big plunge in the cable?
I am still short anyway
hello
bah..... sincerely i dont care about reasons
i stay with market and watching interested at price reaction near main supports
it pullback around 15-20 pips then boost down 40-50 lolz
90% of traders use TA, indicators and prediction
  • #283,990
  • Jul 12, 2011 2:58am Jul 12, 2011 2:58am
Since EU and GU highly correlated pairs the EU has Weekly trendline support around 3750 it falling towards that area leads the GU to fall to the solid support 5750. i have shorts in both to the corresponding target. The news for GU will help today to take there.
  • #283,991
  • Jul 12, 2011 3:03am Jul 12, 2011 3:03am
i rarely post because the way i trade is for the best part equivalent to set and forget, so not much interaction and ta required...

however, i view this thread every day & felt compelled to post re this. if this remark is intended for bbmac of all people, you only need check the thread for his input.... right or wrong, but usually ahead of time and with some detail....

Quote:
Originally Posted by stulic
I love it when TA people tell you the day after shit hit the fan, that shit hit the fan.



no offense, but i'm afraid the meter reading below is applicable for this remark......

gl all

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  • #283,992
  • Jul 12, 2011 3:03am Jul 12, 2011 3:03am
it's all going on re the single currency atm with this sovereign debt thingy spraeding to Italy, possible Spain etc...Greece out of the spotlight (for now) as they have a new toy to play with - Italy ! Lol

In U.s this August 2nd debt ceiling deadline approaches with Obama ratcheting up the pressure on republicans to reach a deal - witll the GOP really let the date pass with no vote see-ing a possible sovereign default by the U.s ? Then watch the markets !! Lol

Quoting bchbch
Since EU and GU highly correlated pairs the EU has Weekly trendline support around 3750 it falling towards that area leads the GU to fall to the solid support 5750. i have shorts in both to the corresponding target. The news for GU will help today to take there.
ex member
  • #283,993
  • Jul 12, 2011 3:04am Jul 12, 2011 3:04am
Quoting _BBKing_
hello
bah..... sincerely i dont care about reasons
i stay with market and watching interested at price reaction near main supports
it pullback around 15-20 pips then boost down 40-50 lolz
Same here KING BB
Was a little curious.
So...we have a consensus.
Happy PIPS
  • #283,994
  • Jul 12, 2011 3:06am Jul 12, 2011 3:06am
Area of Monthly S1 tested now,,,bids to 5800 say Mni...5770 strengthening in to 5750 next level they ay, would be around that previous daily swing lo zone detailed earlier...this wide zone includes 38.2% of the main 4225-6746 move @ 5783.

G/L
ex member
  • #283,995
  • Jul 12, 2011 3:09am Jul 12, 2011 3:09am
Quoting bbmac
Area of Monthly S1 tested now,,,bids to 5800 say Mni...5770 strengthening in to 5750 next level they ay, would be around that previous daily swing lo zone detailed earlier...this wide zone includes 38.2% of the main 4225-6746 move @ 5783.

G/L
WHAT IS MNI???
  • #283,996
  • Jul 12, 2011 3:10am Jul 12, 2011 3:10am
Quoting bbmac
it's all going on re the single currency atm with this sovereign debt thingy spraeding to Italy, possible Spain etc...Greece out of the spotlight (for now) as they have a new toy to play with - Italy ! Lol

In U.s this August 2nd debt ceiling deadline approaches with Obama ratcheting up the pressure on republicans to reach a deal - witll the GOP really let the date pass with no vote see-ing a possible sovereign default by the U.s ? Then watch the markets !! Lol
90% of traders use TA, indicators and prediction
  • #283,997
  • Jul 12, 2011 3:13am Jul 12, 2011 3:13am
market news international are a large 3rd party market info vendor-amongst other things they comment on any bids/offers that may be prevailing in a market and highlights of their subscription service are carried by some broker newsfeeds.

G/L

Quoting at2au
WHAT IS MNI???
ex member
  • #283,998
  • Jul 12, 2011 3:18am Jul 12, 2011 3:18am
+30+ pip pullback so far at Monthly S1/mni bids to 5800...

Uk data due @ 0930am London.

G/L
ex member
  • #283,999
  • Jul 12, 2011 3:23am Jul 12, 2011 3:23am
Quoting bbmac
+30+ pip pullback so far at Monthly S1/mni bids to 5800...

Uk data due @ 0930am London.

G/L
this is my thinking, usd hit the top usdlfx was in a ascending traingle, gbplfx is at all time low..and if u look at my chart..it has in the past bounced from this area..theres also conflence tom with 61.8..

1.58 should be a tough nut to crack on weekly

(havent got yur email yet bro..did u get mine?)
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  • #284,000
  • Jul 12, 2011 3:25am Jul 12, 2011 3:25am
Hi nav

Thankx for the analysis, haven't had an email from you ? maybe message me here if you need to ?

G/L

Quoting nAVIN2007
this is my thinking, usd hit the top usdlfx was in a ascending traingle, gbplfx is at all time low..and if u look at my chart..it has in the past bounced from this area..theres also conflence tom with 61.8..

1.58 should be a tough nut to crack on weekly

(havent got yur email yet bro..did u get mine?)
ex member
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