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Cable Update (GBPUSD)

  • #292,761
  • Nov 17, 2011 9:00am Nov 17, 2011 9:00am
Quoting josef
Hello, We are all waiting. . .

Josef
Good day to you too - sorry, was out quickly. Yip - I will remain in buying dip mode for the short term. But cautiously...

All success to you
  • #292,762
  • Nov 17, 2011 9:03am Nov 17, 2011 9:03am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
buy the dips TT, we are not going down another 300-400 pips for no reason....greece still there and italy still there unless they go bankcrupt over the weekend
All they have to do is print money and all is hunky dory with rosy spectacles again...all money from euro will come to pound, aussie,kiwi anyways..

Quoting TauTrader
Good day to you too - sorry, was out quickly. Yip - I will remain in buying dip mode for the short term. But cautiously...

All success to you
  • #292,763
  • Nov 17, 2011 9:18am Nov 17, 2011 9:18am
Quoting ams
buy the dips TT, we are not going down another 300-400 pips for no reason....greece still there and italy still there unless they go bankcrupt over the weekend
All they have to do is print money and all is hunky dory with rosy spectacles again...all money from euro will come to pound, aussie,kiwi anyways..
Good day to you,

You do still know that fundamentals make my head spin( I however acknowledge that it's important). We may see price making it's way to the indicated areas on my chart for the short term.

Will see - but I am waiting for my daily to shape - once that happens - there will be hell to pay..

All the best!
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  • #292,764
  • Nov 17, 2011 9:30am Nov 17, 2011 9:30am
watching this mofo in m1 for a laugh
  • #292,765
  • Nov 17, 2011 9:31am Nov 17, 2011 9:31am
Quoting chazzle
watching this mofo in m1 for a laugh
lines
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  • #292,766
  • Nov 17, 2011 9:32am Nov 17, 2011 9:32am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
yep, 5680ishh..i'll start bulding longs if it gets there until 54 or 53
let people think he is nuts

Quoting TauTrader
Good day to you,

You do still know that fundamentals make my head spin( I however acknowledge that it's important). We may see price making it's way to the indicated areas on my chart for the short term.

Will see - but I am waiting for my daily to shape - once that happens - there will be hell to pay..

All the best!
  • #292,767
  • Nov 17, 2011 9:52am Nov 17, 2011 9:52am
Quoting ams
yep, 5680ishh..i'll start bulding longs if it gets there until 54 or 53
let people think he is nuts
Good day,

I know your nuts - easy.

Off topic - EU looks like an excellent long term buy soon - just waiting for a final quick punch lower to clear the tracks - day or two? Then I am onto it.
  • #292,768
  • Nov 17, 2011 10:02am Nov 17, 2011 10:02am
Quoting chazzle
lines
added a nice box
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  • #292,769
  • Nov 17, 2011 10:12am Nov 17, 2011 10:12am
Quoting chazzle
added a nice box
they broke that box now they want back in - sorry , tough to get back in - if you mess up my grey horizontal line it's almost defo a no no
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  • #292,770
  • Nov 17, 2011 10:13am Nov 17, 2011 10:13am
Seems like there's a lot of hype regarding the direction of cable eh.. Personally, I am bullish atm for cable and fiber but i think it will consolidate first in the higher TF before any move up. For cable, my critical support level is 5700 as I mentioned before. If that level hold, I think there will be bullish movement but before that can happen, price need to consolidate first to neutralize bearish momentum. IMHO.

Green pip, y'all.
  • #292,771
  • Nov 17, 2011 10:24am Nov 17, 2011 10:24am
1 min chart cable and euro look the same. Not that it makes anything clearer
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  • #292,772
  • Nov 17, 2011 10:28am Nov 17, 2011 10:28am
mmm
i think is a bit early for champagne bottles and reversal pattern!

i closed longs near 5780 when noticed this channel seen also in h1 but m15 shows candle respecting it exactly......

good demand at/near daily 50fibo 5720 protecting buyers near 5690 lowest and then also at ema60. not anymore for the moment.
i want price out of that red line before another long.
if price is reversing need at least another day or 2
just my 3cents
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  • #292,773
  • Nov 17, 2011 10:30am Nov 17, 2011 10:30am
tickling my grey line then tickling my box? happy happy joy joy - back inside not for long
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  • #292,774
  • Nov 17, 2011 10:38am Nov 17, 2011 10:38am
since i trade Gu my little experience say that first thing it does is build up a channel on hourly timeframe.
sometimes hold for days n days,.
sometimes few time.

this is definetly a strong pullback and reaction at that furiuos move from 6080.

has anyone something about usdx in this meantime?
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  • #292,775
  • Nov 17, 2011 10:43am Nov 17, 2011 10:43am
Quoting chazzle
back inside not for long
told ya
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  • #292,776
  • Nov 17, 2011 10:49am Nov 17, 2011 10:49am
Quoting chazzle
told ya
So - a Ren and Stimpy fan is OK in my book. Happy happy joy joy. Or in the words of the Bonzos: Ecstacy bliss!

But were you positioned to take that move? That's the real question.
Gone to a better place
  • #292,777
  • Nov 17, 2011 10:57am Nov 17, 2011 10:57am
Quoting smikester

But were you positioned to take that move? That's the real question.
no - paid 10 for my folly starting from halfway in that box - I'm going back to h1 lol
  • #292,778
  • Nov 17, 2011 10:59am Nov 17, 2011 10:59am
As we can see from the chart,GU is attempting to retest 2 Level:

1) Yesterday High
2) Monthlly Pivot (Strong Resistance-Beware)

That 2 level is the key Level for GU to find SR.However,if the market able to break the Trend Line (Green) and previous Support at 1.5700 (Pshyco Level),then Bearish is still valid.


Twinsummit
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Trade what you SEE, don't trade what you FEEL. Be Smart! - (Webadoi)
  • #292,779
  • Nov 17, 2011 11:00am Nov 17, 2011 11:00am
Good day to you,

The current scenario is again slowly changing for me - gonna leave GU alone till tomorrow. But I will be looking to possibly sell in the 1.5825 - 1.5850 range - if things line up for me.

Will make a decision when the time is right.

All success to you
  • #292,780
  • Nov 17, 2011 11:31am Nov 17, 2011 11:31am
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