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Cable Update (GBPUSD)

  • #167,581
  • Sep 21, 2009 10:59pm Sep 21, 2009 10:59pm
Good day to you,

Hope the chart made some sense. Here is a 1hr chart. For me, the battlezone is the +-40 pip area marked within the black box. With gatekeepers sitting on both sides...

Wish you success

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.gif Size: 18 KB
  • #167,582
  • Sep 21, 2009 11:00pm Sep 21, 2009 11:00pm
I hope 1.6239 will become a strong support to push her up !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #167,583
  • Sep 21, 2009 11:10pm Sep 21, 2009 11:10pm
Quoting manize
I hope 1.6239 will become a strong support to push her up !
Hmm...it is going up right now
  • #167,584
  • Sep 21, 2009 11:14pm Sep 21, 2009 11:14pm
is GU going up ??
  • #167,585
  • Sep 21, 2009 11:54pm Sep 21, 2009 11:54pm
Quoting chiangkool
is GU going up ??
Today is so weird...it's like the twilight zone. All charts are FLAT...who has unplug the cable?
  • #167,586
  • Sep 22, 2009 12:06am Sep 22, 2009 12:06am
Attached Image (click to enlarge)
Click to Enlarge Name: GBP USD D1 11.gif Size: 88 KB


Attached Image (click to enlarge)
Click to Enlarge Name: GBP USD H4 18.gif Size: 98 KB


be happy
Make money your God, and it will plague you like the devil.
  • #167,587
  • Sep 22, 2009 12:45am Sep 22, 2009 12:45am
Anyone opened short?
  • #167,588
  • Sep 22, 2009 12:47am Sep 22, 2009 12:47am
Yesterday's price closed with a pin...I'm looking for a morning star to develop...
Buy orders triggered O/N on break of 1.6214 ...


P/S: House Bears? How do you like this daily pin?...looks like we're going up, huh?....lol
Attached Images
Hear the music before the song is over ...
  • #167,589
  • Sep 22, 2009 1:00am Sep 22, 2009 1:00am
Price is hovering around 23.6% fib on my daily chart (low in March high in August). Best to wait and see as it could retest low of 1.6 of July from here.

edit: if you're looking to go long that is.
The trend is not your friend, it's your master.
  • #167,590
  • Sep 22, 2009 1:06am Sep 22, 2009 1:06am
Quoting GlobalMacro
Yesterday's price closed with a pin...I'm looking for a morning star to develop...
Buy orders triggered O/N on break of 1.6214 ...


P/S: House Bears? How do you like this daily pin?...looks like we're going up, huh?....lol
Hi GM...the daily pin sucks big time
But still holding my shorts on GU...I am stuck man
  • #167,591
  • Sep 22, 2009 1:12am Sep 22, 2009 1:12am
I think cable is going up (retracing for a fall) just went back to test the hourly 20 ma. probably to around 163-163.50
  • #167,592
  • Sep 22, 2009 1:20am Sep 22, 2009 1:20am
We going up!
Chaos Trader
  • #167,593
  • Sep 22, 2009 1:23am Sep 22, 2009 1:23am
Wow, was that from little ol chf news?
  • #167,594
  • Sep 22, 2009 1:23am Sep 22, 2009 1:23am
GM
  • #167,595
  • Sep 22, 2009 1:38am Sep 22, 2009 1:38am
Quoting Alpha Hamste
Hi GM...the daily pin sucks big time
But still holding my shorts on GU...I am stuck man
Hi Alpha...yup...that pin looks very bullish to me, it has all the looks and smell of a morning star looking at today's candle....I'd say get out of your short position the first chance you get.PA could squeeze its way up pretty quick...

Hear the music before the song is over ...
  • #167,596
  • Sep 22, 2009 1:47am Sep 22, 2009 1:47am
Quoting GlobalMacro
Hi Alpha...yup...that pin looks very bullish to me, it has all the looks and smell of a morning star looking at today's candle....I'd say get out of your short position the first chance you get.PA could squeeze its way up pretty quick...

I didn't close my shorts, but put it into locking positions. I'll start scalping long on GU to gain some equity. I should have called that sideways charts as calm before the storm. Thanks GM.
  • #167,597
  • Sep 22, 2009 1:52am Sep 22, 2009 1:52am
  •  refugee
  • | Joined Aug 2009 | Status: Be patient, cautious, & skeptical. | 50 Posts
Quoting GlobalMacro
Yesterday's price closed with a pin...I'm looking for a morning star to develop...
Buy orders triggered O/N on break of 1.6214 ...


P/S: House Bears? How do you like this daily pin?...looks like we're going up, huh?....lol

gotta say, that's exactly what I saw and acted on. That n' when I switch over to weekly view it looks like a very stubborn and relatively tiny range that cable's stuck in at the bottom of that range. I have to suggest to cover your nuts and set a reasonable s/l to prevent a major range breakout. But everything longer term looks to be bullish to me.
  • #167,598
  • Sep 22, 2009 2:11am Sep 22, 2009 2:11am
Quoting Alpha Hamste
I didn't close my shorts, but put it into locking positions. I'll start scalping long on GU to gain some equity. I should have called that sideways charts as calm before the storm. Thanks GM.
You're welcome....trade well...
Hear the music before the song is over ...
  • #167,599
  • Sep 22, 2009 2:45am Sep 22, 2009 2:45am
1.6300 will tell the stories
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #167,600
  • Sep 22, 2009 2:50am Sep 22, 2009 2:50am
Quoting GlobalMacro
Yesterday's price closed with a pin...I'm looking for a morning star to develop...
Buy orders triggered O/N on break of 1.6214 ...


P/S: House Bears? How do you like this daily pin?...looks like we're going up, huh?....lol
Howzit GM....you still long on UJ?
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