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Cable Update (GBPUSD)

  • #172,921
  • Oct 5, 2009 3:48am Oct 5, 2009 3:48am
Quoting FXFundi
8 hour PIN strong sell signal, I'm short.
Careful buddy. It's a "comfort" sign for me for the shorts I already hold but I wouldn't trade from it alone.

The 6023 area is strong S/R IMHO and that's what I'm really looking at. If we close above that on a 1H or higher, I'll drop these shorts like there's no tomorrow and consider another around the 6124 area...

Should the next 8H close above the TL, I might reverse and go long depending on PA.
Attached Image (click to enlarge)
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Ghost Rider - WWTBMD?
  • #172,922
  • Oct 5, 2009 3:52am Oct 5, 2009 3:52am
This is a pull-back in the Market. And that is a retrace in the Market Trend...

FTSE +7.02 +0.14%
DAX +14.46 +0.26%

The pull-back is also a retrracement in the GBPUSD... Hoping it get to 1.6154 region...
  • #172,923
  • Oct 5, 2009 3:53am Oct 5, 2009 3:53am
Quoting albchr
Careful buddy. It's a "comfort" sign for me for the shorts I already hold but I wouldn't trade from it alone.

The 6023 area is strong S/R IMHO and that's what I'm really looking at. If we close above that on a 1H or higher, I'll drop these shorts like there's no tomorrow and consider another around the 6124 area...
Agreed, just thought I'd have a little whirl with 1 lot. I'm waiting for it to hit the 1.6275 (382 FIB on the 8 hour) before looking for a BIG short or 1.5530 at the 50. for a LONG.
May the forex be with you |
  • #172,924
  • Oct 5, 2009 3:55am Oct 5, 2009 3:55am
Quoting Reznik
This is a pull-back in the Market. And that is a retrace in the Market Trend...

FTSE +7.02 +0.14%
DAX +14.46 +0.26%

The pull-back is also a retrracement in the GBPUSD... Hoping it get to 1.6154 region...
we heard u first time dude gj on ur analys
CrizZzZzZzZz
  • #172,925
  • Oct 5, 2009 3:56am Oct 5, 2009 3:56am
morning folks
  • #172,926
  • Oct 5, 2009 3:57am Oct 5, 2009 3:57am
Quoting Reznik
This is a pull-back in the Market. And that is a retrace in the Market Trend...

FTSE +7.02 +0.14%
DAX +14.46 +0.26%

The pull-back is also a retrracement in the GBPUSD... Hoping it get to 1.6154 region...

a chart would be nice u know..
  • #172,927
  • Oct 5, 2009 3:58am Oct 5, 2009 3:58am
Thanks AMS for the heads up. GU is acting the prodigal one amongst her two major siblings. Just take a look at EG atm. Gbp is gaining strength across the boards.

Chris, I am deciding between tossing a coin or sitting on a fence till US market open.
  • #172,928
  • Oct 5, 2009 4:00am Oct 5, 2009 4:00am
Quoting nAVIN2007
morning folks
mornin' nAVIN,

hope you had a good w/e, here's wishin' you a pip-filled, action packed monday,
  • #172,929
  • Oct 5, 2009 4:03am Oct 5, 2009 4:03am
Quoting Alpha Hamste
Thanks AMS for the heads up. GU is acting the prodigal one amongst her two major siblings. Just take a look at EG atm. Gbp is gaining strength across the boards.

Chris, I am deciding between tossing a coin or sitting on a fence till US market open.

LOL...I'm about to get the CIGARS out...

6023 is still the line in the sand for me.
Ghost Rider - WWTBMD?
  • #172,930
  • Oct 5, 2009 4:03am Oct 5, 2009 4:03am
Cable has retraced 61.8%of it's london session 100pip fall 6024-5924 off thoe previously mentioned bids positioned toward asian lo/topside of prev 1hr descending res t/line.....Offers remain up to 6030 say mni.

G/L
ex member
  • #172,931
  • Oct 5, 2009 4:05am Oct 5, 2009 4:05am
Quoting nAVIN2007
a chart would be nice u know..
NAV!! Good Morning Buddy....

Forget it buddy. This dude is all over the map....
Ghost Rider - WWTBMD?
  • #172,932
  • Oct 5, 2009 4:07am Oct 5, 2009 4:07am
Quoting Beeps
mornin' nAVIN,

hope you had a good w/e, here's wishin' you a pip-filled, action packed monday,

thanks buddy, u too man!
am currenly flat right now...the dailly pin got me thinking it might go back up...we need to cross 1.6 then that should hold if it crosses

right now of interest is the cuurent 4hr..wonder of it will stay bearish if it does i might hop on short..

Quoting albchr
NAV!! Good Morning Buddy....

Forget it buddy. This dude is all over the map....

sup brother!!

yeah i noticed..we have a new big player
Attached Image (click to enlarge)
Click to Enlarge Name: trade.gif Size: 25 KB
  • #172,933
  • Oct 5, 2009 4:07am Oct 5, 2009 4:07am
Quoting nAVIN2007
a chart would be nice u know..

Good morning to U... nAVIN2007. Great to have U, what is your take now.

Please I will want to your location & time, cause U come in right about now everyday...
  • #172,934
  • Oct 5, 2009 4:07am Oct 5, 2009 4:07am
Quoting albchr
NAV!! Good Morning Buddy....

Forget it buddy. This dude is all over the map....
That was the point I was making......

Anyways Good Luck to him may be he catches his fish in a totally different way...

Geppyg
Let Price determine your future!
  • #172,935
  • Oct 5, 2009 4:07am Oct 5, 2009 4:07am
Quoting albchr
LOL...I'm about to get the CIGARS out...
Chris, are we in the denial "GU" phase, buddy? Simply refusing what's going on with the chart or we are stoned high?
  • #172,936
  • Oct 5, 2009 4:12am Oct 5, 2009 4:12am
Possible retracement here @61.8 fibo in 1hr chart... So be warned!!

Anyorder take on this anyone...
  • #172,937
  • Oct 5, 2009 4:13am Oct 5, 2009 4:13am
Quoting Reznik
Good morning to U... nAVIN2007. Great to have U, what is your take now.

Please I will want to your location & time, cause U come in right about now everyday...

whats happening my amigo .. u good?
london time and i have no idea when i come to forum changes always..i think it all depends on the 4hr..might have to wait this out..its tricky to say the least
  • #172,938
  • Oct 5, 2009 4:14am Oct 5, 2009 4:14am
Hey guys,

Dragon looking dangerous for shorties now

http://www.forexfactory.com/showpost...stcount=172758
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #172,939
  • Oct 5, 2009 4:16am Oct 5, 2009 4:16am
Good morning nAV!! You really didn't miss much at all...we are pretty much where we were the past few hours
  • #172,940
  • Oct 5, 2009 4:18am Oct 5, 2009 4:18am
Quoting Alpha Hamste
Chris, are we in the denial "GU" phase, buddy? Simply refusing what's going on with the chart or we are stoned high?
Maybe, but if I held on after a 1H close above 6023, then I'd definitely be in denial. What I'm seeing on my charts is a range between there and 5923 with NO "positive" signs of any direction ATM....
Ghost Rider - WWTBMD?
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