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Cable Update (GBPUSD)

  • #325,181
  • Sep 26, 2012 9:27am Sep 26, 2012 9:27am
Quoting Freshpips
Im sitting back and waiting for next entry, no mad rush...

Not too much happened over the last couple hours...

Calm before the storm perhaps.....???
I guess you see the answer on the charts now 6151 again in play and EU already lower low


the thing with red numbers I discussed it already here some months ago

even if the month to month dipped a bit on this sales it actually is better than last year's august and the home prices in sept 2012 is the highest in 6 years....and this gives another good impresion that the econ is recovering

anyway I just enjoy the flames in Athens now...I have friends fighting there on both sides of the barricades
  • #325,182
  • Sep 26, 2012 9:44am Sep 26, 2012 9:44am
Quoting redbeben
I guess you see the answer on the charts now 6151 again in play and EU already lower low


the thing with red numbers I discussed it already here some months ago

even if the month to month dipped a bit on this sales it actually is better than last year's august and the home prices in sept 2012 is the highest in 6 years....and this gives another good impresion that the econ is recovering

anyway I just enjoy the flames in Athens now...I have friends fighting there on both sides of the barricades





Good luck to your friends, their going to need it...
  • #325,183
  • Sep 26, 2012 9:53am Sep 26, 2012 9:53am
Quoting Freshpips




Good luck to your friends, their going to need it...
sometimes I don't get it why cops fight the rioters? cops are affected by the cuts as well....why don't they join the rioters and burn athens down ?

anyway it's bad and I hope this time they tumble the govt....meaning no govt no measures so bye bye Greece as there is no time for a new govt in order to secure the bailout so bye bye EZ and bye bye EU for now
  • #325,184
  • Sep 26, 2012 9:56am Sep 26, 2012 9:56am
Level 49 is slowly having the demand absorbed, i think we may see a small bounce off this level but not much of one. Then its 118 for the long back to 49!!
Trading comes quickly, patience and discipline does not!
  • #325,185
  • Sep 26, 2012 10:09am Sep 26, 2012 10:09am
I wait for 16145 in 3 days. Glad to see it comes now.
shorted from 16193 with TP1 @ 16145, and TP2 @ 15900
Let see if we can see it this week
  • #325,186
  • Sep 26, 2012 10:59am Sep 26, 2012 10:59am
Quoting Daddypips
Level 49 is slowly having the demand absorbed, i think we may see a small bounce off this level but not much of one. Then its 118 for the long back to 49!!
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  • #325,187
  • Sep 26, 2012 11:27am Sep 26, 2012 11:27am
Quoting redbeben
too bad we will retest 6149 soon and probably 6147 even
oh well....the info was here
  • #325,188
  • Sep 26, 2012 11:30am Sep 26, 2012 11:30am
Quoting redbeben
oh well....the info was here
Still waiting.. 6074 ... 6056

Could take a couple days
Ghost Rider - WWTBMD?
  • #325,189
  • Sep 26, 2012 11:33am Sep 26, 2012 11:33am
Quoting redbeben
one h4 close below 6150 will take us to 6116-18 and from there a bounce is expected as arabs are defending 6100-6110 as well....so this should give a good RR with a buy to 1.62 area (need to be confirmed later) and some lil SL
I put a pending buy @ 1.6118 waiting
loaded but for now to be honest I do not see any sign of retrace on neither TFS

6116-18 would be a good S but as I said if you long there keep a tight SL

6031 is next leg down and even better 6012-15

what can I say?
  • #325,190
  • Sep 26, 2012 11:35am Sep 26, 2012 11:35am
Quoting albchr
Still waiting.. 6074 ... 6056

Could take a couple days
to be honest ? the only stop on daily is 6012 so you can lower your TP's or trail it
  • #325,191
  • Sep 26, 2012 11:41am Sep 26, 2012 11:41am
Quoting redbeben
loaded but for now to be honest I do not see any sign of retrace on neither TFS

6116-18 would be a good S but as I said if you long there keep a tight SL

6031 is next leg down and even better 6012-15

what can I say?
this week?
  • #325,192
  • Sep 26, 2012 11:49am Sep 26, 2012 11:49am
Quoting srekcah24
this week?
let me warm up the time machine to see the exact date and hour

all I see is numbers and I can calculate somehow the timespan but as market is politicised lately,some movements cand be delayed.

6031 and 6012 is in play but 6116-18 is the line in the sand here.

close a H4 below it and momentum will take it to 6031
  • #325,193
  • Sep 26, 2012 11:51am Sep 26, 2012 11:51am
Quoting redbeben
to be honest ? the only stop on daily is 6012 so you can lower your TP's or trail it
That would be icing. I'll take it if it comes.
Ghost Rider - WWTBMD?
  • #325,194
  • Sep 26, 2012 11:54am Sep 26, 2012 11:54am
oooppss...France goes down the drain now with it's unemployment....highest one in more than a decade.great,the Merkozy alliance will be broken afterall and Ze germans will be once again all alone....as when the panic started with the french elections

if I was a EUR bull I'd strap myself to the eject seat and pray we won't see parity.
  • #325,195
  • Sep 26, 2012 11:55am Sep 26, 2012 11:55am
Quoting redbeben
let me warm up the time machine to see the exact date and hour

all I see is numbers and I can calculate somehow the timespan but as market is politicised lately,some movements cand be delayed.

6031 and 6012 is in play but 6116-18 is the line in the sand here.

close a H4 below it and momentum will take it to 6031
thanks mr red... let me know if ur "time machine" is ready ....
  • #325,196
  • Sep 26, 2012 12:01pm Sep 26, 2012 12:01pm
1.63 here we come
Forex
  • #325,197
  • Sep 26, 2012 12:04pm Sep 26, 2012 12:04pm
Quoting srekcah24
thanks mr red... let me know if ur "time machine" is ready ....
I'm no Mr


try to follow only levels and not minutes.I only issue time spans for security reasons only.if we do not touch certain levels in certain amounts of time I prefer to BE the trade.....let's call it safety net.
  • #325,198
  • Sep 26, 2012 12:06pm Sep 26, 2012 12:06pm
Quoting Prochartist
1.63 here we come
And you know this......how?
Ghost Rider - WWTBMD?
  • #325,199
  • Sep 26, 2012 12:06pm Sep 26, 2012 12:06pm
6170-75 to be watched in case we run to 6200 or drop dead
on EU 2870 for 2900 or 2830-06
  • #325,200
  • Sep 26, 2012 1:02pm Sep 26, 2012 1:02pm
something about fibonacci trading....
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