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Cable Update (GBPUSD)

  • #174,561
  • Oct 9, 2009 1:16am Oct 9, 2009 1:16am
Next 1.5940 if break will be really cool
  • #174,562
  • Oct 9, 2009 1:18am Oct 9, 2009 1:18am
Price has breeched the 50% fib of the weds lo-thurs hi [5857-6119] and has arrived in a 1hr prev sw lo = prev supp=pot supp zone and at the prev 1hr descending resistance t/line (rbs?)...mni say light demand @ 5980 to 5950, stops below.

Uk data at 0830am gmt

G/L
Attached Image
ex member
  • #174,563
  • Oct 9, 2009 1:26am Oct 9, 2009 1:26am
Quoting egkid
Next 1.5940 if break will be really cool
Hi brother what is your take profit
  • #174,564
  • Oct 9, 2009 1:27am Oct 9, 2009 1:27am
hey guys i am new here and this is my first post at this forum
so could u accept me as a market friend ??
I'm a new trader also from Egypt , welcome to all Egyptians and others too
  • #174,565
  • Oct 9, 2009 1:35am Oct 9, 2009 1:35am
give me panic button
stats are good n' cable is still bad...
  • #174,566
  • Oct 9, 2009 1:35am Oct 9, 2009 1:35am
Quoting pakitrader
Hi brother what is your take profit
I have small position i play with on 15 min that TP1 1.5942
Daily position that maybe leave it open for while TP1 1.53xx
  • #174,567
  • Oct 9, 2009 1:36am Oct 9, 2009 1:36am
Good day to you all,

Attached my chart with current levels of importance to me. Numbered and referenced:

1) Price has found a temporary barrier @ 1.5981 - this is the monthly opening price.
2) Just above this, the 50% line of the current week @ 1.5987

3)Should these break with purpose, price still need to continue to break the 50% monthly range @ 1.5959

4)The above set of barriers should be challenging. If price move through these, full on bearishness resumed and next target will be the monthly opening price of 1.5937

Should these barriers of (1) and (3) hold, we may move back up to retest 1.6037 - the lower level of the daily channel by low

Wish you all success

Regards
Attached Image (click to enlarge)
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  • #174,568
  • Oct 9, 2009 1:40am Oct 9, 2009 1:40am
Quoting egkid
I have small position i play with on 15 min that TP1 1.5942
Daily position that maybe leave it open for while TP1 1.53xx
There is a strong support line @1,5952, when it breaches it I'll be loading up ......
Non licet omnibus adire Corinthum
  • #174,569
  • Oct 9, 2009 1:42am Oct 9, 2009 1:42am
Quoting egkid
I wil call you Day Walker Don't u sleep?
Morning Wormboy
I think if 1h close under 1.60 we will drop hard
Hey bro, lol I do sleep. But I do have a business to run so, can't afford too much of sleep
I posted this yesterday:
http://www.forexfactory.com/showpost...stcount=174117

Attached below shows yesterday close. Beautiful innit. Still selling

I still stick with 5300 lol
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Thank You
  • #174,570
  • Oct 9, 2009 1:44am Oct 9, 2009 1:44am
Quoting javajames
There is a strong support line @1,5952, when it breaches it I'll be loading up ......
Yep
Do u trade e/g?anyone?
I have buy 0.92 it's going up
  • #174,571
  • Oct 9, 2009 1:46am Oct 9, 2009 1:46am
Quoting albchr
... dam...me too
good job bro...
  • #174,572
  • Oct 9, 2009 1:47am Oct 9, 2009 1:47am
Quoting wormboy
Hey bro, lol I do sleep. But I do have a business to run so, can't afford too much of sleep
I posted this yesterday:
http://www.forexfactory.com/showpost...stcount=174117

Attached below shows yesterday close. Beautiful innit. Still selling

I still stick with 5300 lol

...
Ghost Rider - WWTBMD?
  • #174,573
  • Oct 9, 2009 1:50am Oct 9, 2009 1:50am
Quoting albchr
...
hi chris.
the euro short is coming off nicely yea. Did you take it?
Thank You
  • #174,574
  • Oct 9, 2009 1:50am Oct 9, 2009 1:50am
any close today below yesterday's open and we have a bearish engulfing candle on the daily t/f to end the week, as well as another bearish weekly candle..

G/L
ex member
  • #174,575
  • Oct 9, 2009 1:51am Oct 9, 2009 1:51am
Quoting wormboy
Definitely different bro

I'll allow myself a little scepticsm since all this upmove happened right before today's lined up datas that are not released yet. And technically it seems they're all lined up for a fall. My chart is screaming trap.
I could be wrong, but based on what I see on my chart, this is one of those few times that I'd be glad to go against the current & be proven wrong.
Good luck bro, hope it goes well for the both of us
Great but i was't totally Confident we spent last daysss have bear signal and don't wanna drop so i prefered to waited for while
Quoting egkid
My hand keep itching me i wanna click SELL SELL
I'm not convince with that move UP AT ALL
  • #174,576
  • Oct 9, 2009 1:55am Oct 9, 2009 1:55am
Quoting javajames
There is a strong support line @1,5952, when it breaches it I'll be loading up ......
Sorry maybe it wasn't clear, it meant for me loading up .......truck (full of pips) so it meant adding to my short positions
Non licet omnibus adire Corinthum
  • #174,577
  • Oct 9, 2009 1:55am Oct 9, 2009 1:55am
she is going down really hard!it might be breaking 1.5900.

hands down to all the shorties right here!

good luck for y'all pips!
  • #174,578
  • Oct 9, 2009 1:55am Oct 9, 2009 1:55am
Quoting wormboy
hi chris.
the euro short is coming off nicely yea. Did you take it?
Naa buddy, by the time I woke up and saw it, it was too late for me. It's gonna run into some support here at 4723ish and probably bounce a bit me thinks.

Cable is coming along nicely though.... Just needs to get through the "pip magnet" area now...LOL

http://www.forexfactory.com/showpost...4&postcount=91
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Ghost Rider - WWTBMD?
  • #174,579
  • Oct 9, 2009 1:56am Oct 9, 2009 1:56am
Quoting egkid
Great but i was't totally Confident we spent last daysss have bear signal and don't wanna drop so i prefered to waited for while
you & me both tbh. lol
but I have booked a few positions & even manage to square up one trade from 6000 yesterday to reduce my exposure. That will allow me more space till this scenario plays out. If that flag plays out, the move down will be big & fast.
For now we might just range again. 5950 anyone? lol what else is new ey
Thank You
  • #174,580
  • Oct 9, 2009 1:57am Oct 9, 2009 1:57am
Quoting wormboy
hi chris.
the euro short is coming off nicely yea. Did you take it?


http://www.forexfactory.com/showpost...stcount=150696
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