Cable Update (GBPUSD)

I'll quit "trading + posting" not trading.... I'm adicted to this #$#@# too... Ah whatta hell, this is a better use for a hundred dollar bill anyway.

well its adictive game,...you just have to play it such...thx for the coments here,...i dont want to be alone in this crazy world of ups and downs....fibo gosts, parabolic sars, stop hunting, rsis, macs, mas, psiho numbesr, R,S, pivots, the devils number,...all that i wona share....do u expect to raise them??...im getting the feeling they are...lol...its all so freaken nuts,..the death soldier 2003,...even that is a fundamental bulish sign to cable....especially cause elections are getting closer...its all so nuts.

i think now sell is safe
sell here close on 1.9640 tomorrow

I have a sell signal too, shorted at 1.9706

I really don't know what to do... It is way too easy there above the 9710. Last 4 attempts in this area were promptly rejected...

The 4hr is tripping in extremes readings (stoch) and critical RSI 60% (the # of the reversal) and I guess some down move is likely during Asian session... However, I really want to see it closing the daily above 9668 to break the consecutive daily pin-bars.

The daily has all the fuel it needs to soar tomorrow, complete fib at 9821, close high at the 9700s and define if we're having a new high on Thu with BOE announcement or fade it down.... Either way, it will be all about buying longs with prudence and short the crap out of this baby, reversal confirmed.

4hr
http://i2.photobucket.com/albums/y28/cesarnc/feb6-3.jpg

Daily
http://i2.photobucket.com/albums/y28/cesarnc/feb6-4.jpg

just we 2 cesar ha?....i dont believe short is such a good idea,...maybe for 5-10 pips so,...

cesar, I am with you on this one. I am seeing a drop coming.

We are now 3.

Hey guys... I'm long from 9707, looking for a retest at 9720, that was yesterday's high.... SL 9680 where I may stop and reverse... Let's see what happens today...

1st target 9748 2nd 9821, those are fibos from 9913-9481. 9746 was reached during NFP....

That's what I see

hey pdhawan

If I'm going to guess and that's what I'm doing by going long, I still guess on the long side. My only concern is that 4hr stoch is showing exhaustion. I was hoping that it was going to recover during Asian session.

And, there's apparently bad GBP news in 1:20hr, that, depending on the price at the time, I may skip. Breaching 9720 soon is critical, though... I'm on eyes wide open here....

But I'd like to see a break of 9780 downwards to confirm a down move. This figure played hard support yesterday, preventing the retracement to the 9660 area...

Correcting - break of 9680

If these projections from today's forex factory calender hold true,
there should be some movement down:


9:30am GBP Industrial Production m/m
0.1% 0.5%
9:30am GBP Manufacturing Production m/m
0.1% 0.3%
11:00am EUR German Industrial Production m/m
0.5% 1.8%
1:15pm USD Philadelphia Fed President Plosser Speaks


1:30pm USD Nonfarm Productivity q/q (p)
1.6% 0.2%
1:30pm USD Unit Labor Costs q/q (p)
2.3% 2.3%

Take note that 'Henrycarol' is still resisting hard at this 9710 area. No idea whether cable can break thru this time.

SH@#$#@!!!! I forgot about him!

Still long though...

Long is looking good for now but If news is bad for GBP, we might see a dip below and then continue upwards..

Yeah... let's see if it holds above 9690/9700 during the news. London is clearly on the waiting...

I never saw GB news to be such big mover, i mean, to take us down or up 30+ pips

I know what you mean about the news but i've been watching the stochs on 4hr like u mentioned, it's in the extremes for a while now

I closed my long on small loss here... Will wait for this news....

Too rangebound and denying Frankfurt move (EURO, too)

Patience is a virtue.

...still think its gona hit the 820 tomorow,.... ...

London exchange first hour

Closed 9695

not before going down to mid 9600's