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Cable Update (GBPUSD)

  • #174,661
  • Oct 9, 2009 6:03am Oct 9, 2009 6:03am
1,5998??? What is going on?
  • #174,662
  • Oct 9, 2009 6:04am Oct 9, 2009 6:04am
Quoting albchr
...beat me to it
Thank You
  • #174,663
  • Oct 9, 2009 6:06am Oct 9, 2009 6:06am
.....strong recovery off the lows and 1hr pinbar although there were reversal set-ups on the lower t/f's before that closed as posted earlier. As I write this price has broken through 1st potential upside obstacle shown as A zone below, and is currently @ the steep descending pot res t/line on that 1hr t/f. This zone A was what I call a non-immediate potential sbr zone in that it wasn't part of the current swing down like for example zone B. there are no absolutes but these non-immed pot sbr zones have less effect as pot sbr/rbs than immed zones that are part of the current prevailing move.

Have a good rest of trading session.

G/L

http://i33.tinypic.com/fonc7l.gif
ex member
  • #174,664
  • Oct 9, 2009 6:07am Oct 9, 2009 6:07am
Time for shorties to get out
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #174,665
  • Oct 9, 2009 6:07am Oct 9, 2009 6:07am
Quoting Pyramus
Ok I'm going to short again
I closed half ofmy short @1.5942 , Now wil add short 1.5997
  • #174,666
  • Oct 9, 2009 6:10am Oct 9, 2009 6:10am
Quoting Bull_Bear
Time for shorties to get out
Well, for me, past time...lol

http://www.forexfactory.com/showpost...3&postcount=94
Ghost Rider - WWTBMD?
  • #174,667
  • Oct 9, 2009 6:15am Oct 9, 2009 6:15am
Quoting albchr
Run the hour trendline and you'll know what I mean... no more charts from me this point one as its getting harder and harder as the hour progresses.... BEER goggles if you know what i mean

Nice work on your gains mate
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #174,668
  • Oct 9, 2009 6:17am Oct 9, 2009 6:17am
Quoting albchr
Well, for me, past time...lol

http://www.forexfactory.com/showpost...3&postcount=94
u close out yet buddy? obviously have nice trade!
  • #174,669
  • Oct 9, 2009 6:21am Oct 9, 2009 6:21am
Quoting egkid
I closed half of my short @1.5942 , Now wil add short 1.5997
Here my 1h chart if anyone interested
Attached Image (click to enlarge)
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  • #174,670
  • Oct 9, 2009 6:21am Oct 9, 2009 6:21am
Quoting nAVIN2007
u close out yet buddy? obviously have nice trade!
NAV if your short, get out bro, trend line breach... plus if the 4h close with pin bar its serious trouble for bears. Sell again higher bro.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #174,671
  • Oct 9, 2009 6:22am Oct 9, 2009 6:22am
Quoting Bull_Bear
Run the hour trendline and you'll know what I mean... no more charts from me this point one as its getting harder and harder as the hour progresses.... BEER goggles if you know what i mean

Nice work on your gains mate
I'll be working on a bit of Vodka myself in a few hours brother....
Ghost Rider - WWTBMD?
  • #174,672
  • Oct 9, 2009 6:24am Oct 9, 2009 6:24am
Quoting nAVIN2007
u close out yet buddy? obviously have nice trade!
Yep! It's in the link bro... How about you? You holding any trade right now?
Ghost Rider - WWTBMD?
  • #174,673
  • Oct 9, 2009 6:26am Oct 9, 2009 6:26am
Good day to you,

2 small longs closed.

Current levels of importance to me. Numbered and referenced

1) Price now back above the monthly open @ 1.5981- key area
2) Yesterdays low was a barrier @ 1.5948
3) The weekly opening price @ 1.5938 held price back for the retracement back.

We now have to contend with the (4) 1.6000 round number.

5) A clear break further up may test 1.6037 - lower level of the daily channel by low
6) Ultimately moving back to today's opening price @ 1.6071.

PS - price currently sitting on the 50% line of the week @ 1.5987


Wish you all success
Attached Image(s) (click to enlarge)
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  • #174,674
  • Oct 9, 2009 6:26am Oct 9, 2009 6:26am
Quoting albchr
I'll be working on a bit of Vodka myself in a few hours brother....
Love your work Chris....
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #174,675
  • Oct 9, 2009 6:27am Oct 9, 2009 6:27am
MAN! Check out USD/CAD....LOL
Ghost Rider - WWTBMD?
  • #174,676
  • Oct 9, 2009 6:27am Oct 9, 2009 6:27am
Quoting Bull_Bear
NAV if your short, get out bro, trend line breach... plus if the 4h close with pin bar its serious trouble for bears. Sell again higher bro.
or you can sell dragon.
Thank You
  • #174,677
  • Oct 9, 2009 6:27am Oct 9, 2009 6:27am
Quoting albchr
MAN! Check out USD/CAD....LOL
lol yea. would be a very attractive buy tho
Thank You
  • #174,678
  • Oct 9, 2009 6:30am Oct 9, 2009 6:30am
Quoting wormboy
lol yea
I was watching it like 4 hours ago. Wish I'd been watching it 2 hours ago...lol 115 drop.

Stopped exactly on my S/R line. Might take a long after a bit of PA...
Attached Image (click to enlarge)
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Ghost Rider - WWTBMD?
  • #174,679
  • Oct 9, 2009 6:31am Oct 9, 2009 6:31am
Quoting wormboy
or you can sell dragon.
Your right bro, I just exited my dragon long trade with a loss 2 x 35 pips = -70pips. Not trading dragon now jus cable bro.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #174,680
  • Oct 9, 2009 6:32am Oct 9, 2009 6:32am
Quoting albchr
I was watching it like 4 hours ago. Wish I'd been watching it 2 hours ago...lol 115 drop.
you can buy here, if you have the marbles
Thank You
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