Touching 100 hour SMA... Let's see... 
Cable Update (GBPUSD)
- #308,663
- Apr 17, 2012 4:30pm Apr 17, 2012 4:30pm
- Joined Aug 2010 | Status: Trader | 3,185 Posts
If your scenario is confirmed where are you looking for support?
BTW your support/resistance lines are hand drawn or you have an indicator to draw them to you?
Nice graphs!
Hello Leeson,
First - all support and resistance lines are calculated and drawn by me -
Second - Based on potential stochatic movement with price...if we get the same down move as the last time stochs were oversold and turned down I expect a 150 pip move to the downside.
If we just look at price support levels I look for 1.5850, then 1.5825 and 1.5800 then 1.5750.
Not expecting much until the news comes out - but we have been moving down for the past 9 hours.
Faller
I don't trust any move - when you have profit...take it.
- #308,664
- Apr 17, 2012 4:31pm Apr 17, 2012 4:31pm
- Joined Sep 2010 | Status: Life Time Member | 6,685 Posts
Just woke up and yeah I see 5983 or so heading to 5818, but damn, I have not seen this weird PA before. I'm short 5952 and going to BE, system and PA conflicting bro, same your end?
- #308,665
- Apr 17, 2012 5:02pm Apr 17, 2012 5:02pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
ask me how i know this, she use to be my girl,
Come with me if you want to live....
- #308,666
- Apr 17, 2012 5:08pm Apr 17, 2012 5:08pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
Damn you're funny bro, everything is whacked, it ain't normal
Come with me if you want to live....
- #308,667
- Apr 17, 2012 5:12pm Apr 17, 2012 5:12pm
Hello Leeson,
First - all support and resistance lines are calculated and drawn by me -
Second - Based on potential stochatic movement with price...if we get the same down move as the last time stochs were oversold and turned down I expect a 150 pip move to the downside.
If we just look at price support levels I look for 1.5850, then 1.5825 and 1.5800 then 1.5750.
Not expecting much until the news comes out - but we have been moving down for the past 9 hours.
Faller
I have moved my SL to BE+10.
I will let it run until London open... 10 pips are already granted!
- #308,669
- Apr 17, 2012 5:57pm Apr 17, 2012 5:57pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
there are some "professionals" that have said the same thing.....
, who are these professionals you refer to?
Come with me if you want to live....
- #308,670
- Apr 17, 2012 6:01pm Apr 17, 2012 6:01pm
- Joined Aug 2010 | Status: Trader | 3,185 Posts
I don't trust any move - when you have profit...take it.
- #308,672
- Apr 17, 2012 6:07pm Apr 17, 2012 6:07pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
Come with me if you want to live....
- #308,673
- Apr 17, 2012 6:13pm Apr 17, 2012 6:13pm
- Joined Aug 2010 | Status: Trader | 3,185 Posts
I don't trust any move - when you have profit...take it.
- #308,674
- Apr 17, 2012 6:17pm Apr 17, 2012 6:17pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
Pop and Drop -
Price pops up....like it just did 15 pips........out of no where.....then drops.....back to where it was trading.
Pop and Drop -
Come with me if you want to live....
- #308,677
- Apr 17, 2012 7:22pm Apr 17, 2012 7:22pm
- Joined Aug 2010 | Status: Trader | 3,185 Posts
I don't trust any move - when you have profit...take it.
- #308,679
- Apr 17, 2012 7:34pm Apr 17, 2012 7:34pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
I would expect nothing less from you my friend. Good Luck out there tomorrow.
Come with me if you want to live....
