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Cable Update (GBPUSD)

  • #171,741
  • Oct 1, 2009 3:29am Oct 1, 2009 3:29am
Chris bro...

your chance, out your 5930 here!!!!!
Hear the music before the song is over ...
  • #171,742
  • Oct 1, 2009 3:29am Oct 1, 2009 3:29am
look at that drop were still extremely bearish
  • #171,743
  • Oct 1, 2009 3:30am Oct 1, 2009 3:30am
Quoting albchr
Morning GM, 5930, 5956. Yeah I know... woke up late and jumped in still blurry eyed....lol

15m providing some hope maybe?
Now u have some green
  • #171,744
  • Oct 1, 2009 3:34am Oct 1, 2009 3:34am
Quoting nAVIN2007
beautifull analysis brother!!

top stuff!! ..i agree completely that was the test, i only hope its not going back up there to test it again....but i totally expect a rejection, this is text book stuff!
yes mate..

break the NL.. [h/s] ..=> bounce from Fe100 (support level) => retrace back to Fib 50, and retest the NL .. leaving a daily PIN..=> and down we go..

very much text book H/S..& fib levels!!
  • #171,745
  • Oct 1, 2009 3:35am Oct 1, 2009 3:35am
Quoting albchr
Thanks Nav. Good to see you in the green buddy....
hey chris. u are not alone but mine is dragon. im realy getting sliced up here. my analysis was completely wrong. its unusual for dragon to go against me like this. i just hope it pays out unless im dead my stop at 143.30
im between i hope GU doesnt taken out. amen...let pray together bro
  • #171,746
  • Oct 1, 2009 3:35am Oct 1, 2009 3:35am
hmm... looks like the news came out 2 minutes earlier.
or is it only me???
Made in Ukraine
  • #171,747
  • Oct 1, 2009 3:37am Oct 1, 2009 3:37am
Quoting Bull_Bear
Piters cheers for the warning bro, but this is my rational...

Bounced of the TL nicely twice, as long as the rising TL remains intact, I'm a buyer.

You holding shorts are you mate?
this is what im seeing in yur chart...just some thought..u might be right, i have no idea but the dailly rejection has 3 confluences

head n shoulder neckline
50% retrace of downmove
pin formation of resistance
Attached Image (click to enlarge)
Click to Enlarge Name: trade.JPG Size: 135 KB
  • #171,748
  • Oct 1, 2009 3:39am Oct 1, 2009 3:39am
Quoting Piters
yes mate..

break the NL.. [h/s] ..=> bounce from Fe100 (support level) => retrace back to Fib 50, and retest the NL .. leaving a daily PIN..=> and down we go..

very much text book H/S..& fib levels!!
spot on!
  • #171,749
  • Oct 1, 2009 3:39am Oct 1, 2009 3:39am
Quoting Badass_UA
hmm... looks like the news came out 2 minutes earlier.
or is it only me???

Data is given to Thomson Reuters subscribers 2 minutes before the public release time listed on the calendar - early market reaction is usually a result of trades made by these subscribers. Above 50.0 indicates industry expansion, below indicates contraction. Full reports are only available via subscription;
  • #171,750
  • Oct 1, 2009 3:40am Oct 1, 2009 3:40am
Quoting Badass_UA
hmm... looks like the news came out 2 minutes earlier.
or is it only me???

Yes it does look like the news seemed to find its way onto the trading floor just before 9:30...it happens sometimes, however this did seem to be pretty early...
  • #171,751
  • Oct 1, 2009 3:41am Oct 1, 2009 3:41am
Good day to you all,

Just popped in quickly before I leave on my trip. Levels still in play, as mentioned. Price trapped in this warzone.

Take care

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: gu113.gif Size: 18 KB
  • #171,752
  • Oct 1, 2009 3:41am Oct 1, 2009 3:41am
Quoting GlobalMacro
excellent observation

how are you this morning, bro?
just chilling brother i got in last night, i wasnt so pleased with my pin on dailly was a bit bullish so i thought price might head back up to test the neckline, but this morning it broke the low on dailly so we definately bearish.

tomorrow movement will be huge....im thinking

account blower!!
  • #171,753
  • Oct 1, 2009 3:42am Oct 1, 2009 3:42am
Quoting nAVIN2007
this is what im seeing in yur chart...just some thought..u might be right, i have no idea but the dailly rejection has 3 confluences

head n shoulder neckline
50% retrace of downmove
pin formation of resistance
But than I might be wrong if the TL breaks, but that is why you are a sound trader NAV
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #171,754
  • Oct 1, 2009 3:43am Oct 1, 2009 3:43am
Quoting Bull_Bear
Piters cheers for the warning bro, but this is my rational...

Bounced of the TL nicely twice, as long as the rising TL remains intact, I'm a buyer.

You holding shorts are you mate?
yes mate.. im short.. have a look my 4h.. different pattern..

4H not much reliable to follow the pins, flops, cross ect.. as difference from starting data at various brokers.. better to use daily and 1h..

[Chart]
Attached Image (click to enlarge)
Click to Enlarge Name: gu27.png Size: 32 KB
  • #171,755
  • Oct 1, 2009 3:43am Oct 1, 2009 3:43am
Quoting Piters
yes mate..

break the NL.. [h/s] ..=> bounce from Fe100 (support level) => retrace back to Fib 50, and retest the NL .. leaving a daily PIN..=> and down we go..

very much text book H/S..& fib levels!!
too textbook for me!
I prefer the contrarian and slightly obtuse stance.
every man and his dog is lining up for this HS, heck it was even on bloomberg analysis....hence my scepticism.
  • #171,756
  • Oct 1, 2009 3:48am Oct 1, 2009 3:48am
Quoting Bull_Bear
But than I might be wrong if the TL breaks, but that is why you are a sound trader NAV

thank u brother! u are a sound trader as well..
no doubt when the time is right u will do whats needed
  • #171,757
  • Oct 1, 2009 3:49am Oct 1, 2009 3:49am
30 Min DTL has been broken and tested.


Quoting Bull_Bear
Piters cheers for the warning bro, but this is my rational...

Bounced of the TL nicely twice, as long as the rising TL remains intact, I'm a buyer.

You holding shorts are you mate?
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 48 KB
  • #171,758
  • Oct 1, 2009 3:49am Oct 1, 2009 3:49am
Quoting nAVIN2007
just chilling brother i got in last night, i wasnt so pleased with my pin on dailly was a bit bullish so i thought price might head back up to test the neckline, but this morning it broke the low on dailly so we definately bearish.

tomorrow movement will be huge....im thinking

account blower!!
lol...

you're right.....there'll be stops taken out on both sides before any breakout...

NFP sends her love....
Hear the music before the song is over ...
  • #171,759
  • Oct 1, 2009 3:52am Oct 1, 2009 3:52am
Quoting vlazaf
too textbook for me!
I prefer the contrarian and slightly obtuse stance.
every man and his dog is lining up for this HS, heck it was even on bloomberg analysis....hence my scepticism.

lol.. im not trying to pick under the nails.. - but ..

FROM MONDAY... in GU

I collected a long pos. [300p] from 1.578, and a short pos. [170p] from 1.608... and still holding

Im trying not to complicate things when there is no need for;

most of the times.. things are very simple.. so why not Keep it Simple, when we can..

Collect your pips and Run..
  • #171,760
  • Oct 1, 2009 3:54am Oct 1, 2009 3:54am
Quoting Piters
yes mate.. im short.. have a look my 4h.. different pattern..

4H not much reliable to follow the pins, flops, cross ect.. as difference from starting data at various brokers.. better to use daily and 1h..

[Chart]
I hear ya bro and your charts also tells a compelling story ... Price moves back towards you rising channel, you revert to long, Price move pass my rising TL, I revert to shorts. I still think the neckline has not been tested yet, let PA finally decide our fate.
Veni, Vidi, Vici (We came, we saw, we conquered)
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