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Cable Update (GBPUSD)

  • #165,501
  • Sep 15, 2009 2:39am Sep 15, 2009 2:39am
Quoting Bones
no close over 6600 but tl was respected ,dont think price could just take yesturdays candle,$ getting stronger
nice crystal clear thinking bro!.....
  • #165,502
  • Sep 15, 2009 2:43am Sep 15, 2009 2:43am
Best way my friend ,same as that really learning a little every day is the way ,run the Marathon long way to go..

Quoting albchr
Glad to hear it. Yes I've been having some very nice, calm and consistant weeks here....
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #165,503
  • Sep 15, 2009 2:43am Sep 15, 2009 2:43am
Quoting bbmac
Recovery off y/day's 6521 finding resistance now at the 61.8% (6656) of Friday's Hi-Monday's Lo fall 6740-6521 as London session sells off the Asian session Hi and thereby reverses the sentiment/tone of that session. Currently price is finding some support around the 38.2% of said recovery lo-hi 6521-6656.

Uk Cpi data later - 0830am gmt.

G/L

What is your view, a long position today is mine, hope i am right..
  • #165,504
  • Sep 15, 2009 2:44am Sep 15, 2009 2:44am
Quoting bbmac
Yes 0930 London which is 0930 bst = 0830 gmt, ie gmt = bst+1..I was quoting in gmt as it's the universal standard from which all other time zones are calculated. lol!
You are right. Greenwich meantime doesn't change, it doesn't compensate for day light saving. My mistake.
Probability Professor
  • #165,505
  • Sep 15, 2009 2:47am Sep 15, 2009 2:47am
The USD strength has been very apparent in the GBP, as markets speculate that the sterling is due for a correction. The Cable is now trading below its 5day level at 1.6540. We are waiting for more events and more fluctuations this week : Governor King and other MPC members are expected to testify to lawmakers today and will be asked some very direct question.
Good opportunity to trade on the news, It is not that easy be careful!

Quoting Qu|cksilver
Hi,
Does anyone agree cable may go up to 1.9050 area? or will continue bearish when the market open on monday?
  • #165,506
  • Sep 15, 2009 2:49am Sep 15, 2009 2:49am
What's up playaz
Thank You
  • #165,507
  • Sep 15, 2009 2:53am Sep 15, 2009 2:53am
Quoting Yngwie
price should retrance now (from 1.6650 area) to 1.6550 or lower. If price break 1.6750, we consider buying mode.
Really nice...
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #165,508
  • Sep 15, 2009 2:53am Sep 15, 2009 2:53am
Quoting fendi
What is your view, a long position today is mine, hope i am right..
Hi, Sorry I can't help with that question as I have no view, I just play the set-ups as they develop...having no view helps me to do this with as close to impunity as human emotion allows...I have no view beacuse I have no predictive powers (like every market participant lol!)

The technicals suggest that the 1hr recovery uptrend is under threat currently as last HL has been breeched to the downside..London session so far being of a bearish tone selling off that 6656 recovery hi (61.8% 6521-6656) 50% of the 6521-6656 recovery is where price has currently paused.
ex member
  • #165,509
  • Sep 15, 2009 2:54am Sep 15, 2009 2:54am
Quoting nAVIN2007
nice crystal clear thinking bro!.....

Explain your theory why your entry point is the region
  • #165,510
  • Sep 15, 2009 3:00am Sep 15, 2009 3:00am
The current 1hr chart as i see it in respect of potential supp/res factors is below. Previous swing Hi/lo zones are obvious near-term imbalances of supply/demand and demand/supply respectively, and there are also unbreeched fibs of various swings obvious on this t/f as well as trend lines.

Where these factors co-exist with factors on the 4hr t/f, so much the better

G/L

http://i31.tinypic.com/i1zjwz.gif
ex member
  • #165,511
  • Sep 15, 2009 3:01am Sep 15, 2009 3:01am
Quoting fendi
Explain your theory why your entry point is the region
what theory..my advise to u is to stop thinking people know whats happenning, there maybe a few that have an idea, wheter it play out is a different story..stop gambling and expecting people to tell u what going on cause they may not know..

right now im get smashed to bits by this mofo, i have a short bias and its just bobing up and down...the pound is confused beyond expectation, if u listen to my views.. u probably get killed..lol
  • #165,512
  • Sep 15, 2009 3:02am Sep 15, 2009 3:02am
hey amigo


Quoting nAVIN2007
nice crystal clear thinking bro!.....
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #165,513
  • Sep 15, 2009 3:03am Sep 15, 2009 3:03am
Quoting wormboy
What's up playaz
Morning Azim....
Ghost Rider - WWTBMD?
  • #165,514
  • Sep 15, 2009 3:04am Sep 15, 2009 3:04am
pull back or break?
Attached Image (click to enlarge)
Click to Enlarge Name: 3)gbp usd h4 15th sept.gif Size: 24 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #165,515
  • Sep 15, 2009 3:08am Sep 15, 2009 3:08am
Quoting bbmac
Hi, Sorry I can't help with that question as I have no view, I just play the set-ups as they develop...having no view helps me to do this with as close to impunity as human emotion allows...I have no view beacuse I have no predictive powers (like every market participant lol!)

The technicals suggest that the 1hr recovery uptrend is under threat currently as last HL has been breeched to the downside..London session so far being of a bearish tone selling off that 6656 recovery hi (61.8% 6521-6656) 50% of the 6521-6656 recovery is where price has...

Well for ma i am trading long, there is no doubt this is for the long, Entry 1.6600 t.1.16674-6700.

Hmmmm lets see
  • #165,516
  • Sep 15, 2009 3:10am Sep 15, 2009 3:10am
Quoting Bones
pull back or break?
am prefer a pull back to 50% level
spirit 0f pipping
  • #165,517
  • Sep 15, 2009 3:11am Sep 15, 2009 3:11am
I have some positions open, which will ultimitely be left open or closed when the CPI y/y figure is released.
Probability Professor
  • #165,518
  • Sep 15, 2009 3:12am Sep 15, 2009 3:12am
Quoting Bones
hey amigo
sup brother

looking at your charts, looks like u got this beast under control
i took another short ..lucky i closed out 40 pips since the blasted 1.66 level didnt hold, ....damn lucky i got that!!

good trading to u amigo
  • #165,519
  • Sep 15, 2009 3:13am Sep 15, 2009 3:13am
Price getting a bounce at the daily pivot / 50% 6521-6656 now trading above the daily, weekly and monthly pivots and at a range so far today of 50% of the average daily range over last 20days.

Uk data in just over 15mins.

G/L
ex member
  • #165,520
  • Sep 15, 2009 3:15am Sep 15, 2009 3:15am
lets see what the data will bring ...
consistency wins
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