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Cable Update (GBPUSD)

  • #174,361
  • Oct 8, 2009 10:52am Oct 8, 2009 10:52am
no worries you shorties won't get burnt.
i guess the previous high @1.6124 and the TL will hold. if they survive through the Asian session tmr morning then you trades will be in green soon
Quoting wormboy
Good luck bro
No new trades for me if this short doesn't survive. I'll be closing the remaining short from 6794 soon enough too by the looks of it.
  • #174,362
  • Oct 8, 2009 10:53am Oct 8, 2009 10:53am
Good day to you all,

The current 1hr bar is an extreme bar as per my indi's. the next 2 hrs will tell the tale....

My avg price now sits at 1.6070. Will see.

Wish you all success

Regards
  • #174,363
  • Oct 8, 2009 10:53am Oct 8, 2009 10:53am
inside bar breakout potential on the weekly. 1.6125

it will either go down or break to the upside.
  • #174,364
  • Oct 8, 2009 10:55am Oct 8, 2009 10:55am
Quoting nAVIN2007
i was concerned about the weekly previous body being very small....oh well all we can do now is wait..
yea .. have you banked your short from 6400 level?
Thank You
  • #174,365
  • Oct 8, 2009 10:56am Oct 8, 2009 10:56am
Quoting albchr
Not ready to jump ship just yet. 14 minutes to close this 8H

nice top line buddy ..that looks like a barrier

at what price is that line?
  • #174,366
  • Oct 8, 2009 10:56am Oct 8, 2009 10:56am
looking like its going south now !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
  • #174,367
  • Oct 8, 2009 10:58am Oct 8, 2009 10:58am
Quoting pso
no worries you shorties won't get burnt.
i guess the previous high @1.6124 and the TL will hold. if they survive through the Asian session tmr morning then you trades will be in green soon
lol if that happens, I'll give you the beer I'm gonna take off GM.
Thank You
  • #174,368
  • Oct 8, 2009 11:02am Oct 8, 2009 11:02am
Quoting wormboy
lol if that happens, I'll give you the beer I'm gonna take off GM.
Take it easy Azim...it's just one of the off days for us, ok bro!!
  • #174,369
  • Oct 8, 2009 11:03am Oct 8, 2009 11:03am
Quoting bbmac
Dly R3 is around this 6111 level and Weekly R1 at 6124...right on the descending potential res t/line @ Dly R3 and within that previous 4hr sw hi zone and just nudged the bottom of the 1hr prev sw hi zone.

G/L

http://i36.tinypic.com/rr0fup.gif

Monthly p/p is 1.6160.
  • #174,370
  • Oct 8, 2009 11:06am Oct 8, 2009 11:06am
Quoting Alpha Hamste
Take it easy Azim...it's just one of the off days for us, ok bro!!
no biggie bro. thanks
Thank You
  • #174,371
  • Oct 8, 2009 11:08am Oct 8, 2009 11:08am
Quoting nAVIN2007
nice top line buddy ..that looks like a barrier

at what price is that line?

6122 on this working 1H bar. Daily S/R (red Dots) is 6124
Ghost Rider - WWTBMD?
  • #174,372
  • Oct 8, 2009 11:08am Oct 8, 2009 11:08am
Just came from my work AND........
Attached Image
  • #174,373
  • Oct 8, 2009 11:09am Oct 8, 2009 11:09am
Quoting egkid
If i can say my plan :
Daiy down trend but for many days u seen what's happenning
I wil be watching 1.5850 - 1.5950 -"1.6040" - "1.6170" then I will Short again
  • #174,374
  • Oct 8, 2009 11:10am Oct 8, 2009 11:10am
Quoting clem699
Monthly p/p is 1.6160.

yeh it's around there, can never be sure on these calculated pivots, they are somewhat subjective with no official open and close price, ie depends where your broker open/closed to some degree. For me they are therefore minor potential supp/res factors alongside the main actors of prev sw hi/lo's, fibs and t/lines....and actually the later 2 can also be somewhat subjective,...it is only the prev sw hi/lo zones that tell you where supp/res actually was.

Everything I have above current price in respect of these minor pivots is shown below

G/L

http://i36.tinypic.com/6tguq1.gif
ex member
  • #174,375
  • Oct 8, 2009 11:17am Oct 8, 2009 11:17am
Quoting wormboy
yea .. have you banked your short from 6400 level?

yeah i did that long time..2 weeks back
  • #174,376
  • Oct 8, 2009 11:18am Oct 8, 2009 11:18am
Quoting albchr
6122 on this working 1H bar. Daily S/R (red Dots) is 6124
Time to go and have a smoke....

My highest regards
  • #174,377
  • Oct 8, 2009 11:18am Oct 8, 2009 11:18am
cool
i will start working next week and no more full time trading since then
probably not able to read posts from you guys as much but i sincerely thanks for inputs from great guys like you.
i have blown my account once and now i have it back with some extra beer money mostly because of getting insights from here
Quoting wormboy
lol if that happens, I'll give you the beer I'm gonna take off GM.
  • #174,378
  • Oct 8, 2009 11:20am Oct 8, 2009 11:20am
Quoting meromar
Stops must be hit at 6130. Then down
Hope must be killed
wormie got the stop there lol should not say this
  • #174,379
  • Oct 8, 2009 11:21am Oct 8, 2009 11:21am
Quoting TauTrader
Time to go and have a smoke....

My highest regards

... If these trades don't pay off, I won't be able to afford them anymore...

Besides, with all this crazy PA, my lungs are starting to hurt!
Ghost Rider - WWTBMD?
  • #174,380
  • Oct 8, 2009 11:30am Oct 8, 2009 11:30am
Quoting nAVIN2007
yeah i did that long time..2 weeks back
okay
will be joining you soon. gold is not being friendly, going absolute bananas right now.
Thank You
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