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Cable Update (GBPUSD)

  • #169,981
  • Sep 28, 2009 3:47am Sep 28, 2009 3:47am
I saw the 1.5790 support but no more things to get an entry. Waiting for another chance!

Quoting forexlion
.
  • #169,982
  • Sep 28, 2009 3:48am Sep 28, 2009 3:48am
Quoting Alpha Hamste
Thanks Azim for the well wishes. Yesterday was great finally caught up with loss sleep
Congrats dude!
  • #169,983
  • Edited 4:10am Sep 28, 2009 3:48am | Edited 4:10am
Posted on the weekend....

http://www.forexfactory.com/showpost...stcount=169678

Well, cable sure did shook the foundation today. I bet stops fired off all over the place......

I'm still alive with the above trade and my target is 1.6140, also consistent with 38.2%, trend resistance and resistance area.... for another drop to the downside....
Attached Image (click to enlarge)
Click to Enlarge Name: 4h.JPG Size: 144 KB
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #169,984
  • Sep 28, 2009 3:50am Sep 28, 2009 3:50am
Cable recovery currently stalled @ the 50% of the 6045-5767 fall, mni earlier talking of offers in this area...above here the previous 1hr/4hr swing lo =prev supp=potential sbr zone extending 5913-26...just above there the 23.6% of the 6468-5767 and 61.8% of the formerly mentioned 6045-5767 move down.

How strong is the recovery off lows now??
G/L
ex member
  • #169,985
  • Sep 28, 2009 3:51am Sep 28, 2009 3:51am
Quoting Bull_Bear
Posted on the weekend....

http://www.forexfactory.com/showpost...stcount=169678

Well, cable sure did shook the foundation today. I stops fired off all over the place......

I'm still alive with the above trade and my target is 1.6140, also consistent with 38.2%, trend resistance and resistance area.... for another drop to the downside....
Nice one bb. On the same ride with you for the same reason
Thank You
  • #169,986
  • Sep 28, 2009 3:56am Sep 28, 2009 3:56am
Quoting Bull_Bear
Posted on the weekend....

http://www.forexfactory.com/showpost...stcount=169678

Well, cable sure did shook the foundation today. I stops fired off all over the place......

I'm still alive with the above trade and my target is 1.6140, also consistent with 38.2%, trend resistance and resistance area.... for another drop to the downside....
I'm with you BB - Go the Pound!
May the forex be with you |
  • #169,987
  • Sep 28, 2009 3:58am Sep 28, 2009 3:58am
Quoting wormboy
Nice one bb. On the same ride with you for the same reason
So you see this going to 6140ish as well bro? Shit, maybe I better kill that 5864 short I have soon? ......

I was thinking a retrace to the 5915 area and then drop.
Ghost Rider - WWTBMD?
  • #169,988
  • Sep 28, 2009 3:59am Sep 28, 2009 3:59am
Quoting TerpFan2
How you doing there Nav?

Chris,
What is up? Making some cash ducket pips?
'New Asia would drop,
but 'had to spend time w/family. 'When i logged
in @10pm the drop was finished. -(For now!).

Back up @2am,
and got some small pippage...
I See Gu retracing but it is so Dismal... !
-Wonder why? !!!
Best of luck &- (planning!)you two,
Gonna crash in a bit, again for work Mon am!
Jeff


damnit looks like the retrace is happening i just wanted it to go straight down greed huh...

im ok good bro, just trying to work out how to play this short ..hope u doing well...?
  • #169,989
  • Sep 28, 2009 4:06am Sep 28, 2009 4:06am
Quoting albchr
So you see this going to 6140ish as well bro? Shit, maybe I better kill that 5864 short I have soon? ......

Certainly plenty of buy the dip participants so far as cable in a 5min/30min uptrend now...that area bb points out is certainly a major 1hr/4hr previous swing low=potential sbr zone and the 38.2% of 6740-5767 (50% of 6468-5767 @ 6117) so an obvious target for the bulls, but there are a few upside hurdles visible on 1hr chart ahead of that (shown as A on chart below) and these are highlighted on the screenshot below.

G/L

http://i36.tinypic.com/2rxz80i.gif
ex member
  • #169,990
  • Sep 28, 2009 4:07am Sep 28, 2009 4:07am
Quoting wormboy
Nice one bb. On the same ride with you for the same reason
Hey Wormie... How you going bro? Dame I bet she's taken some casualties today.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #169,991
  • Sep 28, 2009 4:08am Sep 28, 2009 4:08am
Quoting FXFundi
I'm with you BB - Go the Pound!
Good to hear mate... lets stay on the green side
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #169,992
  • Sep 28, 2009 4:10am Sep 28, 2009 4:10am
Bearish macd divergence on 1min - maybe we're going south at least for a short period.
  • #169,993
  • Sep 28, 2009 4:13am Sep 28, 2009 4:13am
Seem like it stucked at 1.5900. GBP also seem to be exhausting.

- 61.8% fibi + 1.5914 acting resistance (Support1)

need 4 hours to confirm on falling back.


What do you guys think?
  • #169,994
  • Sep 28, 2009 4:14am Sep 28, 2009 4:14am
Quoting albchr
So you see this going to 6140ish as well bro? Shit, maybe I better kill that 5864 short I have soon? ......

I was thinking a retrace to the 5915 area and then drop.
if it goes there it wont come down, technically it would mean we are going up!

it will do well to pass this..
Attached Image (click to enlarge)
Click to Enlarge Name: trade.gif Size: 22 KB
  • #169,995
  • Sep 28, 2009 4:16am Sep 28, 2009 4:16am
Quoting nAVIN2007
if it goes there it wont come down
Chris.... NAV ... how you boys coming along?
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #169,996
  • Sep 28, 2009 4:18am Sep 28, 2009 4:18am
Quoting Bull_Bear
Chris.... NAV ... how you boys coming along?

im fine bro....yesterday was a hell of a suprise, it broke down immediately
how are u?
  • #169,997
  • Sep 28, 2009 4:20am Sep 28, 2009 4:20am
Uk Chancellor Darling giving his annual speech to the Uk labor party Conference, staring 10am gmt...(essential viewing, lol...seriously though, last one before a general election in Uk so he could spill some sweetners that may have an effect on uk deficit/ongoing fiscal position etc...)

G/L
ex member
  • #169,998
  • Sep 28, 2009 4:22am Sep 28, 2009 4:22am
Quoting Bull_Bear
Chris.... NAV ... how you boys coming along?
In the red for 32 ATM buddy. I see you're riding long. Good choice bro..
Ghost Rider - WWTBMD?
  • #169,999
  • Sep 28, 2009 4:24am Sep 28, 2009 4:24am
Quoting albchr
So you see this going to 6140ish as well bro? Shit, maybe I better kill that 5864 short I have soon? ......
Hey bro, yup I am looking at 6165 level test before further fall. That's the plan for this week's trade. A close @5950 and I'll look to lock my gains.
Here's the trade & the levels I picked it out from. Relatively easy trade:

1. http://www.forexfactory.com/showpost...postcount=3114
2. http://www.forexfactory.com/showpost...postcount=3123

So far so good. Let's see how it plays out
Thank You
  • #170,000
  • Sep 28, 2009 4:24am Sep 28, 2009 4:24am
Quoting nAVIN2007
im fine bro....yesterday was a hell of a suprise, it broke down immediately
how are u?
Yeah I sold on the gap up open, but I took off the table at 1.5858 for +112pips and reversed long. Am holding her long for the retrace, the move down is over done now.

Gotta run off for an hour or so.... catch you guys later on.
Veni, Vidi, Vici (We came, we saw, we conquered)
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