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Cable Update (GBPUSD)

  • #172,981
  • Oct 5, 2009 6:01am Oct 5, 2009 6:01am
Market Profile cumulative volume since price dropped back into this range - so far plenty of supply in the 5950 / 6025 area is overcoming any possible buying interest......
Attached Image (click to enlarge)
Click to Enlarge Name: oct 5 cable 60m oct 5 8 days vol.gif Size: 24 KB
Trading Levels with WRBs
  • #172,982
  • Oct 5, 2009 6:01am Oct 5, 2009 6:01am
I'm so tempted to cash in my 5988 short, cut loose my 5925 just so I can trade this puppy back up to the 6023 area again...
Ghost Rider - WWTBMD?
  • #172,983
  • Oct 5, 2009 6:03am Oct 5, 2009 6:03am
Quoting nAVIN2007
what price are u in at bro?
was kinda lucky..trigger friendly for short at the moment
5925 & 5988 Cut loose my 5879 this morning for -118 when it "looked" like the bullrun was serious. Should have known better.
Ghost Rider - WWTBMD?
  • #172,984
  • Oct 5, 2009 6:04am Oct 5, 2009 6:04am
Quoting albchr
I'm so tempted to cash in my 5988 short, cut loose my 5925 just so I can trade this puppy back up to the 6023 area again...
dont be greedy now
  • #172,985
  • Oct 5, 2009 6:06am Oct 5, 2009 6:06am
Quoting albchr
I'm so tempted to cash in my 5988 short, cut loose my 5925 just so I can trade this puppy back up to the 6023 area again...
Don't be tempted cos others have just booked their profit. I'm still holding mine and staying with my plan. Hint, hint Chris
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #172,986
  • Oct 5, 2009 6:07am Oct 5, 2009 6:07am
Quoting nAVIN2007
dont be greedy now
Not being greedy. Just like to take advantage of this 5923 to 6023 range we seem to be STUCK in!!
Ghost Rider - WWTBMD?
  • #172,987
  • Oct 5, 2009 6:09am Oct 5, 2009 6:09am
Quoting Bull_Bear
Don't be tempted cos others have just booked their profit. I'm still holding mine and staying with my plan. Hint, hint Chris
What are you gunning for buddy? Sorry, I must have missed your post with entry and target.
Ghost Rider - WWTBMD?
  • #172,988
  • Oct 5, 2009 6:11am Oct 5, 2009 6:11am
Quoting albchr
What are you gunning for buddy? Sorry, I must have missed your post with entry and target.
1.5900 / 80 and hit her long
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #172,989
  • Oct 5, 2009 6:12am Oct 5, 2009 6:12am
Here is my mid day thought...
We now see a test of 1.9025 pre newyork sessionand which brings the buyers back in and we go to test 1.6000 but only this time round we attempt a break out ..
Let Price determine your future!
  • #172,990
  • Oct 5, 2009 6:14am Oct 5, 2009 6:14am
Quoting Bull_Bear
1.5900 / 80 and hit her long
Hi bull Bear,

Hows it going matey ...I am donig fine just enjoying this little range waiting patiently for my positions only taking positions at 929 or 620 with tight stops....

I cant be asked to get stuck in the middle call me boring lol

But Last week had a crap week...

Good Luck

GeppyG
Let Price determine your future!
  • #172,991
  • Oct 5, 2009 6:16am Oct 5, 2009 6:16am
Quoting Geppyg
Hi bull Bear,

Hows it going matey ...I am donig fine just enjoying this little range waiting patiently for my positions only taking positions at 929 or 620 with tight stops....

I cant be asked to get stuck in the middle call me boring lol

But Last week had a crap week...

Good Luck

GeppyG
Time to make back this week bro
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #172,992
  • Oct 5, 2009 6:17am Oct 5, 2009 6:17am
For me

EU 580--Target 680
GU 880--Target 980
AU 580--Target 665

A good 300 pips if the plan works out...

Good Day...

GeppyG
Let Price determine your future!
  • #172,993
  • Oct 5, 2009 6:17am Oct 5, 2009 6:17am
Quoting Geppyg
Here is my mid day thought...
We now see a test of 1.9025 pre newyork sessionand which brings the buyers back in and we go to test 1.6000 but only this time round we attempt a break out ..
NO....LOL...we gonna BREAK 5923 this time and fall like a love sick teenager...
Ghost Rider - WWTBMD?
  • #172,994
  • Oct 5, 2009 6:19am Oct 5, 2009 6:19am
Quoting albchr
5925 & 5988 Cut loose my 5879 this morning for -118 when it "looked" like the bullrun was serious. Should have known better.
Isn't it great beating temptations
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #172,995
  • Oct 5, 2009 6:19am Oct 5, 2009 6:19am
Looking at our current 4h chart for Monday morning, pre-US open, we're still looking at a downward trend. The daily, 4h, and 1h stochs are all turning down, a great signal to stay out of longs and look short. Retracement bounce at 38.2% on the 2nd of Oct also shows that PA is respecting the Fibonacci levels and should continue with a bearish bias. Keep on pippin!
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.usd_ff.gif Size: 69 KB
Don't let the same dog bite you twice. -- Chuck Berry
  • #172,996
  • Oct 5, 2009 6:29am Oct 5, 2009 6:29am
Quoting Bull_Bear
Isn't it great beating temptations
More like getting beat bro. Just cut loose my 5925 short for -5

Still holding the 5988 but really tempted to cover at BE. This PA is giving me NOTHING to go by....lol. If I had been selling the top 6023ish and buying the bottom 5923ish I'd be done for the day.

But good news for all the shorts out there. Since I just cut that 5925, it will fall now I'll betcha.
Ghost Rider - WWTBMD?
  • #172,997
  • Oct 5, 2009 6:37am Oct 5, 2009 6:37am
Oh boy, here we go again....lol Off the 1H TL and rising...

And with a double bottom forming on the 15m
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu_1_hour.gif Size: 37 KB
Click to Enlarge Name: gu_15m2.gif Size: 36 KB
Ghost Rider - WWTBMD?
  • #172,998
  • Oct 5, 2009 6:48am Oct 5, 2009 6:48am
Quoting albchr
Oh boy, here we go again....lol Off the 1H TL and rising...

And with a double bottom forming on the 15m
4hr need to say down, might bounce certainly 1hr looking a bit bullish unfortantely, but if this 4hr can remain bearish we got a fight on our hands....hang tight!
Attached Image (click to enlarge)
Click to Enlarge Name: trade2.gif Size: 26 KB
  • #172,999
  • Oct 5, 2009 6:52am Oct 5, 2009 6:52am
The perfect storm brewing....
With data out in less than 3 hours these charts are setting up for a show-down with compression around the 1.5945 area. The 30m is still in the process of forming from Fri. The 5m chart is already ripe with the ema's packed tightly near 1.5960. The 15m could meet at the same time ~ 1.5945. When you wind the spring up tight and let go.... pips scatter everywhere.

Just my observation.

Dr. D.
Attached Images
  • #173,000
  • Oct 5, 2009 6:55am Oct 5, 2009 6:55am
Quoting nAVIN2007
4hr need to say down, might bounce certainly 1hr looking a bit bullish unfortantely, but if this 4hr can remain bearish we got a fight on our hands....hang tight!
yeah you're rite bro the battle wont end here till one get down. Bullish look a trap while forming 4H Bears reaction
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