If there was easy money lying around,no one would be forcing it into your
Cable Update (GBPUSD)
- #288,341
- Edited 1:03am Sep 12, 2011 12:22am | Edited 1:03am
- | Membership Revoked | Joined Aug 2011 | 7,263 Posts
- #288,342
- Sep 12, 2011 1:35am Sep 12, 2011 1:35am
- Joined May 2010 | Status: Khizer | 1,387 Posts
Trade what you see, Not what you think.
- #288,343
- Sep 12, 2011 1:48am Sep 12, 2011 1:48am
- Joined May 2010 | Status: Khizer | 1,387 Posts
Trade what you see, Not what you think.
- #288,345
- Sep 12, 2011 4:28am Sep 12, 2011 4:28am
- Joined Mar 2007 | Status: Trader | 8,618 Posts
Gone to a better place
- #288,346
- Sep 12, 2011 6:02am Sep 12, 2011 6:02am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
longer term view(by the end of this year) 1.7330 on GU 
all we need is to stay above 1.5850 level today and we will go 180 pips up more or less to 1.60 level
all we need is to stay above 1.5850 level today and we will go 180 pips up more or less to 1.60 level
- #288,347
- Sep 12, 2011 6:11am Sep 12, 2011 6:11am
- | Membership Revoked | Joined Aug 2011 | 7,263 Posts
If there was easy money lying around,no one would be forcing it into your
- #288,348
- Sep 12, 2011 6:43am Sep 12, 2011 6:43am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
longer term view(by the end of this year) 1.7330 on GU
all we need is to stay above 1.5850 level today and we will go 180 pips up more or less to 1.60 level
we trading same thing i think
we have to close above 1.59 and that needs to be support
- #288,349
- Sep 12, 2011 8:00am Sep 12, 2011 8:00am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
we have to close above 1.59 and that needs to be support
good to see you again mate
hope you are ok after this market maker mess
actually after 1.7330 there will be 1.80 and I hope it by the end of the year
some say it might drop lower but if you look back to some posts of mine from june I predicted the down move to 1.5875 ..the rest was just a game of the sharks
- #288,350
- Sep 12, 2011 8:07am Sep 12, 2011 8:07am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
good to see you again mate
hope you are ok after this market maker mess
actually after 1.7330 there will be 1.80 and I hope it by the end of the year
some say it might drop lower but if you look back to some posts of mine from june I predicted the down move to 1.5875 ..the rest was just a game of the sharks
i agree with u..in terms of gbp strength increasing..we are going up i hope
- #288,351
- Sep 12, 2011 8:42am Sep 12, 2011 8:42am
- Joined Mar 2007 | Status: Trader | 8,618 Posts
longer term view(by the end of this year) 1.7330 on GU
Gone to a better place
- #288,352
- Sep 12, 2011 9:06am Sep 12, 2011 9:06am
- | Membership Revoked | Joined Jun 2011 | 4,778 Posts
when GOD brings you a challenge he also gives you the power to deal with it
- #288,353
- Sep 12, 2011 9:07am Sep 12, 2011 9:07am
- | Membership Revoked | Joined Jun 2011 | 4,778 Posts
when GOD brings you a challenge he also gives you the power to deal with it
- #288,355
- Sep 12, 2011 9:44am Sep 12, 2011 9:44am
- Joined Mar 2007 | Status: Trader | 8,618 Posts
Here's a chart pulling a few factors together. Where is this double bottom going?
At the top of the screen a thin blue line denotes the 200ma weekly, still pointing steeply down.
Grey boxes denote where this weekly chart has found support/resistance at 1.58 in the past.
Yellow box offers resistance - if the price gets there - at 1.61, which also happens to be a 38.2% retracement of this down trend leg.
At the top of the screen a thin blue line denotes the 200ma weekly, still pointing steeply down.
Grey boxes denote where this weekly chart has found support/resistance at 1.58 in the past.
Yellow box offers resistance - if the price gets there - at 1.61, which also happens to be a 38.2% retracement of this down trend leg.
Gone to a better place
- #288,357
- Sep 12, 2011 10:28am Sep 12, 2011 10:28am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
Based on what?
it is just some long term view and calculations I had for a while and it seems to confirm this.
we'll see how it plays out as tmr will be a pretty important day on the market even if we close tonight above the 1.5853 level we might still be screwed tmr by some market makers
- #288,358
- Sep 12, 2011 10:37am Sep 12, 2011 10:37am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
Here's a chart pulling a few factors together. Where is this double bottom going?
Attachment
At the top of the screen a thin blue line denotes the 200ma weekly, still pointing steeply down.
Grey boxes denote where this weekly chart has found support/resistance at 1.58 in the past.
Yellow box offers resistance - if the price gets there - at 1.61, which also happens to be a 38.2% retracement of this down trend leg.
for now I want it to go above 1.5990 to 1.6060 level somewhere in between to complete fase 1
then to brake 1.6123 and close above 1.6220 which is one important thing to do in order to keep this pair neat
later the sky the limit meaning 1.64 as a high target later the rest of 1.73
but I am afraid that this is just tech analysis and it seems to work pretty bad lately due to the market makers that screw around...trading is not what it used to be
so....if news or behind the curtain news occur all this vision will be blown
now I only have 50% confirmation on my calculation ...the rest 50% will be the sharks
- #288,359
- Sep 12, 2011 10:48am Sep 12, 2011 10:48am
- | Joined Jun 2010 | Status: Trader | 1,429 Posts
..
If we refer to the pattern that occurred on July 12th, then we would expect there is still a down-move. I personally expecting bullish divergence afterward. Meanwhile, selling the rally more safer imo.
Just a little to share.
.
- #288,360
- Sep 12, 2011 10:53am Sep 12, 2011 10:53am
- | Joined Aug 2009 | Status: I support AC Milan and Arsenal | 1,009 Posts
