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Cable Update (GBPUSD)

  • #94,061
  • Oct 27, 2008 5:04am Oct 27, 2008 5:04am
Quoting ezmystic
before I go would like to show you what a good indicator to me was and see if seniors agree.

Would have entered when inicated on chart, but had to run people to airport and didn't have time to wait and watch to set SL to BE +1 so didn't. SHOULD HAVE NOW as you can see.

Blue line is 10 bar average.
thanks for sharing ..... nice charting.

I would also have entered x2 bar later, so I'm with you there, wanna kick myself.
  • #94,062
  • Oct 27, 2008 5:05am Oct 27, 2008 5:05am
Everyone came out with charts showing why this baby went down after it has went down.
Show some charts now showing where its going to
  • #94,063
  • Oct 27, 2008 5:06am Oct 27, 2008 5:06am
Quoting fxpinoy
What's that 80 pip spike up a minute ago?
Dear fxpinoy,http://www.forexfactory.com/images/icons/icon14.gif
fyi that I'm lucky cause I open short at 1.5648 and right now is on 1.5360....
If I close now, I'll get about 280 pips but my prediction GU will go down deeper...
Have a happy trading..http://www.forexfactory.com/images/icons/icon7.gif
  • #94,064
  • Oct 27, 2008 5:23am Oct 27, 2008 5:23am
Buy GBP/USD target 1,5500 - 5 min chart
Attached Image (click to enlarge)
Click to Enlarge Name: 5mingbpusd.jpg Size: 88 KB
Twitter: Forexlivetrade - Buy: AFFI.CPH ISIN: DK0015966592 - target 12 DKK
  • #94,065
  • Oct 27, 2008 5:28am Oct 27, 2008 5:28am
Quoting nAVIN2007
indicator wont help u here.....but thats just me
Here is why I added the DMI to my 15min chart... just another lagging indi.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 27 oct.gif Size: 21 KB
  • #94,066
  • Oct 27, 2008 5:42am Oct 27, 2008 5:42am
Quoting Jnita
Here is why I added the DMI to my 15min chart... just another lagging indi.
the reason for this move up slightly is we are pretty much near the bottom and theres a doji on 1hr chart and bullish diverence on 5 minute chart and peircing formation on 15 minute...

only indicator im using is macd or stachastic

what yur doing is good from the poin of view that its a mechanical system yur using to enter but in this market the last thing u need need is late entries

i have all this to say movement up is possible but theres no way i will go long a its counter trend..
anyways im off to work ....good luck every1
Attached Image (click to enlarge)
Click to Enlarge Name: bulldog.com.jpg Size: 131 KB
  • #94,067
  • Oct 27, 2008 6:02am Oct 27, 2008 6:02am
Quoting nAVIN2007
the reason for this move up slightly is we are pretty much near the bottom and theres a doji on 1hr chart and bullish diverence on 5 minute chart and peircing formation on 15 minute...

only indicator im using is macd or stachastic

what yur doing is good from the poin of view that its a mechanical system yur using to enter but in this market the last thing u need need is late entries

i have all this to say movement up is possible but theres no way i will go long a its counter trend..
anyways im off to work ....good luck every1
Thanks for your review and input.
  • #94,068
  • Oct 27, 2008 6:31am Oct 27, 2008 6:31am
hey twofeet wassup
When life gives you lemons, make lemonade
  • #94,069
  • Oct 27, 2008 6:50am Oct 27, 2008 6:50am
morning all.
USD Est Non Mortuus
  • #94,070
  • Oct 27, 2008 7:09am Oct 27, 2008 7:09am
Update 5min - target still 1,5600 - first stop 1,5530
Attached Image (click to enlarge)
Click to Enlarge Name: 5mingbpusd.jpg Size: 74 KB
Twitter: Forexlivetrade - Buy: AFFI.CPH ISIN: DK0015966592 - target 12 DKK
  • #94,071
  • Oct 27, 2008 7:21am Oct 27, 2008 7:21am
Quoting LuckyLurker
morning all.
good morning
When life gives you lemons, make lemonade
  • #94,072
  • Oct 27, 2008 7:36am Oct 27, 2008 7:36am
coffee?
Attached Image
When life gives you lemons, make lemonade
  • #94,073
  • Oct 27, 2008 7:39am Oct 27, 2008 7:39am
Quoting micho
coffee?
on it! Oh yea.. while I slept I TP that short that most of us took on friday @ 1.5382 .. I had entered a bit late at 1.5761.
USD Est Non Mortuus
  • #94,074
  • Oct 27, 2008 7:39am Oct 27, 2008 7:39am
halfway target 1,5530 gbp/usd
Attached Image (click to enlarge)
Click to Enlarge Name: 5mingbpusd.jpg Size: 73 KB
Twitter: Forexlivetrade - Buy: AFFI.CPH ISIN: DK0015966592 - target 12 DKK
  • #94,075
  • Oct 27, 2008 7:46am Oct 27, 2008 7:46am
Ldn FX:Sterling Under Pressure; Cable Sold Throughout Morning Oct 27 / 08:31


LONDON, Oct. 27 (MNI) - Sterling came under renewed pressure in
European morning trade Monday, as real-money and UK names sold cable
throughout the morning.
STERLING SUMMARY: Opened early Europe at $1.5861, stg0.8008
-- Cable gained a lift in early Asian trade, steadily climbing from
around $1.56 to $1.59 before edging off the highs and settling into a
range ahead of the European open.
-- Two major sellers of sterling then pushed cable lower, to levels just
shy of the $1.5260 spike low seen Friday.
-- Traders cited real-money sales as well as a UK bank pushing cable
lower and also helping to lift euro-sterling to stg0.8120.
-- Demand eventually returned from two US investment banks, taking cable
off its lows and back to around $1.5400.
-- Traders now see fresh offers at $1.5470 with further UK selling
interest tipped around $1.5600.
-- Bids said to remain around $1.5260/80 with stops below there.
Trading is 80% Emotional, 20% Technical
  • #94,076
  • Oct 27, 2008 7:55am Oct 27, 2008 7:55am
Quoting LuckyLurker
on it! Oh yea.. while I slept I TP that short that most of us took on friday @ 1.5382 .. I had entered a bit late at 1.5761.
thats cool
When life gives you lemons, make lemonade
  • #94,077
  • Oct 27, 2008 8:12am Oct 27, 2008 8:12am
Quoting jckm
halfway target 1,5530 gbp/usd

http://www.forexfactory.com/attachme...1&d=1225111272
We know that u Long this pair...
Relax buddy...
Thing will happen..if it is meant to be..

Sonic
  • #94,078
  • Oct 27, 2008 9:16am Oct 27, 2008 9:16am
im going crazy with the market today
GELORE
  • #94,079
  • Edited 9:51am Oct 27, 2008 9:37am | Edited 9:51am
long at 5429 .. stop at BE .. prob wont amount to shizle .. will get taken out soon. nice try though ... annnnnd it did
USD Est Non Mortuus
  • #94,080
  • Oct 27, 2008 9:49am Oct 27, 2008 9:49am
Quoting LuckyLurker
long at 5429 .. stop at BE .. prob wont amount to shizle .. will get taken out soon. nice try though

mkt look dead rite nw....
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