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Cable Update (GBPUSD)

  • #310,441
  • Apr 30, 2012 1:34am Apr 30, 2012 1:34am
Quoting Nachiket
resistance @1.6288 will hold.
even if it breaks donno see rally beyond 1.6308
  • #310,442
  • Apr 30, 2012 1:38am Apr 30, 2012 1:38am
Quoting UbuFamily
Glad to hear that...

Suddenly u reminded me of your drilled salmon the other day u had..tomorrow is a Labor day here..I think I gonna have some drilling at home..

had another batch this past Friday.....the family loves it -

hope yours turns out great!
I don't trust any move - when you have profit...take it.
  • #310,443
  • Apr 30, 2012 1:41am Apr 30, 2012 1:41am
Quoting Faller
pound crosses are getting hammered right now.....

will have to see what happens with gbp.usd....


gbp.cad tanking

gbp.chf tanking

gbp.aud tanking

gbp.nzd tanking
sup brother!!..i entered a hedge at 1.620..the sum bitch is still rising..locke in 70-84 pound loss hoping this mofo tanks to below 1.5...i dont think it will happen but i figure i can live with a 70 pound loss and if the mofo goes there i simply do what i have now

have i gone mad?
  • #310,444
  • Apr 30, 2012 1:44am Apr 30, 2012 1:44am
Quoting nAVIN2007
sup brother!!..i entered a hedge at 1.620..the sum bitch is still rising..locke in 70-84 pound loss hoping this mofo tanks to below 1.5...i dont think it will happen but i figure i can live with a 70 pound loss and if the mofo goes there i simply do what i have now

have i gone mad?

u r not crazy......u r ok.....
I don't trust any move - when you have profit...take it.
  • #310,445
  • Apr 30, 2012 1:50am Apr 30, 2012 1:50am
Buy the dips .

Target 1.67XX.
  • #310,446
  • Apr 30, 2012 1:53am Apr 30, 2012 1:53am
Quoting honeybhi
Buy the dips .

Target 1.67XX.


you are on the wrong side at that point - that is what they want you to do.....

just my half a cent
I don't trust any move - when you have profit...take it.
  • #310,447
  • Apr 30, 2012 1:58am Apr 30, 2012 1:58am
Quoting honeybhi
Buy the dips .

Target 1.67XX.
  • #310,448
  • Apr 30, 2012 1:59am Apr 30, 2012 1:59am
Quoting Faller
you are on the wrong side at that point - that is what they want you to do.....

just my half a cent

Playing it as i see , Definitely not the area to pick up fresh longs .But I'm not shorting it here .

I already have few longs running , i will only add to longs on pullbacks on 1hr /4hr and target 1.67.

Lets see how she plays .GL mate .
  • #310,449
  • Apr 30, 2012 2:03am Apr 30, 2012 2:03am
Quoting honeybhi
Playing it as i see , Definitely not the area to pick up fresh longs .But I'm not shorting it here .

I already have few longs running , i will only add to longs on pullbacks on 1hr /4hr and target 1.67.

Lets see how she plays .GL mate .

I don't trust any move - when you have profit...take it.
  • #310,450
  • Apr 30, 2012 2:04am Apr 30, 2012 2:04am
Quoting Faller
you are on the wrong side at that point - that is what they want you to do.....

just my half a cent
yup but the rally is too strong for my reckoning. i expected it to halt at 1.6255 but it rallied 40 pips more. i guess the stops from 1.57 to 1.59 are out. what remains are stops between 1.59-1.6050.
  • #310,451
  • Apr 30, 2012 2:09am Apr 30, 2012 2:09am
GU and DX below.

Price has broken the Rising wedge and approching the TL


Dx has broken the TL.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gud.jpg Size: 88 KB
Click to Enlarge Name: dx.jpg Size: 79 KB
  • #310,452
  • Apr 30, 2012 2:09am Apr 30, 2012 2:09am
Quoting honeybhi
Buy the dips .

Target 1.67XX.
Good potential there I agree, but I will be watching to see what signal if any arrives around 6330ish
Come with me if you want to live....
  • #310,453
  • Apr 30, 2012 2:11am Apr 30, 2012 2:11am
Quoting Faller
I don't see those that are holding the shorts posting much here these days....either licking their wounds......or getting drunk.....or curling up in a ball crying.......
still stuck short at 1.5975 , still got plent of margin left , but my patience is suffering lets see if it bounces of the weekly uper trend line.

still learning ; maybe i will let the next loosing trade go .-)
  • #310,454
  • Apr 30, 2012 2:17am Apr 30, 2012 2:17am
GU weekly map..
Attached Image (click to enlarge)
Click to Enlarge Name: gu weekly.jpg Size: 94 KB
  • #310,455
  • Apr 30, 2012 2:17am Apr 30, 2012 2:17am
Quoting Prosac_100Mg
still stuck short at 1.5975 , still got plent of margin left , but my patience is suffering lets see if it bounces of the weekly uper trend line.

still learning ; maybe i will let the next loosing trade go .-)
Prosac 100mg?? You may need to up the dosage if this thing does not turn around soon. Just kidding mate, I hope things go ok for you
Come with me if you want to live....
  • #310,456
  • Apr 30, 2012 2:18am Apr 30, 2012 2:18am
fyi....


GBP/USD
The pair will likely remain a by product of the news flow related to the state of the economic affairs
in the Eurozone, where political leaders continue to struggle to contain the debt crisis. Also, last
week’s second consecutive drop in GDP may pressure the pair on the back of potential speculation
that the BoE will have to turn to more QE to support the economy. In terms of technical levels,
supports are seen at the 10DMA line at 1.6088, followed by 1.6082 and then at 1.6060. On the other
hand, resistance levels are seen at 1.6335, 1.6455 and then at 1.6535.
I don't trust any move - when you have profit...take it.
  • #310,457
  • Apr 30, 2012 2:26am Apr 30, 2012 2:26am
Inserted Video
I don't trust any move - when you have profit...take it.
  • #310,458
  • Apr 30, 2012 2:32am Apr 30, 2012 2:32am
See the retailers are 81% short this thing. Interesting to see last weeks COT report showed the large specs had turned net long the pound. The brokers are now actively betting against their clients- well only one side can be right. either it is the banks with their unlimited access to cash, or its ma & pa with their $1000 account. Month end today so you got to be careful as always as moves can be onesided before suddenly reversing, and as much as I would like to sell cable- charts still telling me not to.
Attached Image (click to enlarge)
Click to Enlarge Name: cable.jpg Size: 117 KB
  • #310,459
  • Apr 30, 2012 2:37am Apr 30, 2012 2:37am
are we talking about mid term (weekly) or daily? Daily I think GU will go down to 1.623 area before tomorrow it might rise again. While I did long last week but now i'm shorting here
  • #310,460
  • Apr 30, 2012 2:38am Apr 30, 2012 2:38am
Quoting Flatfish
See the retailers are 81% short this thing. Interesting to see last weeks COT report showed the large specs had turned net long the pound. The brokers are now actively betting against their clients- well only one side can be right. either it is the banks with their unlimited access to cash, or its ma & pa with their $1000 account. Month end today so you got to be careful as always as moves can be onesided before suddenly reversing, and as much as I would like to sell cable- charts still telling me not to.

Very nice....

We are at an interesting cross road.....news is coming out....but most people think that is already priced in - I am still bearish on Cable - but I am being a Ninja....sitting in the dark woods eying it up....
I don't trust any move - when you have profit...take it.
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