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Cable Update (GBPUSD)

  • #175,481
  • Oct 13, 2009 5:11am Oct 13, 2009 5:11am
Quoting albchr
Morning BB. Don't worry bro. Every plane runs out of fuel eventually....

I'm still waiting for this one to land as well.

I always like to get back on the ground before I run out of fuel though! lol!

I am starting to wonder have much fuel shes got onboard, hopefully not the long range tanks...
  • #175,482
  • Oct 13, 2009 5:12am Oct 13, 2009 5:12am
5min from the 5707 current intraday lo = LL,LH, then HL, H, HL and now HH...a warning to the position bears? probably not on a 5min t/f, lol, but this is where a recovery builds, ...just being provocative !

G/L
ex member
  • #175,483
  • Oct 13, 2009 5:24am Oct 13, 2009 5:24am
Quoting antic81
I always like to get back on the ground before I run out of fuel though! lol!

I am starting to wonder have much fuel shes got onboard, hopefully not the long range tanks...

LOL...yeah, As Azim just pointed out to me, Gold is holding this puppy up right now. I have no idea really but I suspect that can't last forever either...
Ghost Rider - WWTBMD?
  • #175,484
  • Oct 13, 2009 5:25am Oct 13, 2009 5:25am
Quoting bbmac
5min from the 5707 current intraday lo = LL,LH, then HL, H, HL and now HH...a warning to the position bears? probably not on a 5min t/f, lol, but this is where a recovery builds, ...just being provocative !

G/L

What always makes me stop and think about possible change of market sentiment, is if we go through my 100% retracement on a fib drawn on an earlier...
And that just happend!

Could range a bit, but now I am not feeling very confident on a short scalp move...not sure if I could pick up 30 pips on a retracement anymore...not a low risk one anyway.
  • #175,485
  • Oct 13, 2009 5:25am Oct 13, 2009 5:25am
...price has broken above the last LH of 1hr downtrend now, reaching the Daily Pivot...mni say offers likely 5795/05, more towars 5825, stronger area likely 5845/50

Will be looking at the broken 5min previous swing highs x 4 for a 1min hidden divergence based re-entryset-up to 5min uptrend if it develops...

G/L
ex member
  • #175,486
  • Oct 13, 2009 5:34am Oct 13, 2009 5:34am
.....And if any of you EVER wondered what STYLE fuel we, Bulls, use to fire up our jets like this down south...

Here is the answer...Check it out!...It's called GASOLINA


Duro, Duro,Duro....Aha, Aha, Aha!!!!
WooooHooooo!!!

Inserted Video
Hear the music before the song is over ...
  • #175,487
  • Oct 13, 2009 5:38am Oct 13, 2009 5:38am
Quoting bbmac
...price has broken above the last LH of 1hr downtrend now, reaching the Daily Pivot...mni say offers likely 5795/05, more towars 5825, stronger area likely 5845/50

Will be looking at the broken 5min previous swing highs x 4 for a 1min hidden divergence based re-entryset-up to 5min uptrend if it develops...

G/L
Nice quick break up to a new HH off the HL and the 1min hid-div re-entry set-up (to 5min uptrend after pullback, 30min and 1hr macd signal lines pointing up @ entry, 5min crossed above it's zero axis) @ the potential rbs of the prev 5min sw hi x 4 zone...only +10, but a nice little gain before more supply at the 76.4% of the 5843-5707 move

G/L
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: @ 5min pot rbs.gif Size: 16 KB
ex member
  • #175,488
  • Oct 13, 2009 5:41am Oct 13, 2009 5:41am
Quoting Fx1618
Sitting on once hands for over 20 hrs, does not do it any good, but this time it did the trade well. Currently at BE + some, will have to see what the rest of the trade delivers... Happy Pip'n to all.

I'm out for -64.... This was a real tester on the patience, discipline and nerves, but I feel never the less, a winner at the end.

Will be waiting for the next one...
  • #175,489
  • Oct 13, 2009 5:45am Oct 13, 2009 5:45am
Quoting GlobalMacro
Just A Friendly Reminder To My Wager Counterparts:

To Australians: I now expect some of your wines

To East Asians: Tiger Gold Medal with sexy motives on it...

THANK YOU!!!!!!
NOW??

Thank You
  • #175,490
  • Oct 13, 2009 5:46am Oct 13, 2009 5:46am
This is what I am see-ing near-term on 1hr t/f currently re potential supp/res factors...price has already breeched the 23.6% of the recent main 611-5707 fall (yellow fib) and the recent descending 1hr potential resistance trend line

Finishing here for the day...G/L with rest of session.


http://i37.tinypic.com/307rdoh.gif
ex member
  • #175,491
  • Oct 13, 2009 5:49am Oct 13, 2009 5:49am
Good day to you,

Herewith levels I am watching. Numbered and referenced:

1) We are at a crossroad. Street is busy - so the lady not sure if she wants to go to the other side for a bit. The Daily open @ 1.5796 as well as the 1.5800 round number in confluence here. This now is also the 50% line for the week.
2) Below price, the low of last month @ 1.5769 is still playing an important role to keep calling price back.
3) Price is pivoting on the blue line indicated. Should we cross the centre (indicated with a green line) and price go sit on top of this as support, we will move up to 1.5836.
5) Price may then start forming an upward movement to ultimately reach 1.5882 for the interim

Wish you all the best

Regards
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  • #175,492
  • Oct 13, 2009 5:52am Oct 13, 2009 5:52am
Hi Direct Trade, Global Macro and all the other gurus here.

Is this a valid cup and handle formation, and should we be wary of a potential reverse over the next week or so?
Ive learnt to take care when Direct Trade talks, and I am learning to trade my charts but wld be greatfl if you could comment on thisquestion. Sorry if it is trival.

Thank you in advance.


Quoting direct-trade
Hope all is well.

I have closed all positions from the ride down from 16683 on G/U and 15220 on G/J. Now standing aside.

Reason here: http://www.forexfactory.com/showpost...&postcount=109

Could be wrong, time will tell. Happy trades, see you later.
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  • #175,493
  • Oct 13, 2009 6:05am Oct 13, 2009 6:05am
Hi guys

There is a bearish divergence on the 5M. Do u think its gonna happen?
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  • #175,494
  • Oct 13, 2009 6:10am Oct 13, 2009 6:10am
there goes the dollar.
time to run
Thank You
  • #175,495
  • Oct 13, 2009 6:21am Oct 13, 2009 6:21am
sell EUR 1.4864... SL 1.4920.. TP open
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Veni, Vidi, Vici (We came, we saw, we conquered)
  • #175,496
  • Oct 13, 2009 6:22am Oct 13, 2009 6:22am
.
Attached Image
  • #175,497
  • Oct 13, 2009 6:24am Oct 13, 2009 6:24am
Quoting wormboy
NOW??


at your earliest convenience plz...
Hear the music before the song is over ...
  • #175,498
  • Oct 13, 2009 6:24am Oct 13, 2009 6:24am
Quoting nAVIN2007
.
I took some off the table & ran like carl lewis bro
Thank You
  • #175,499
  • Oct 13, 2009 6:25am Oct 13, 2009 6:25am
Quoting GlobalMacro
at your earliest convenience plz...
The earliest would be January 1st
Thank You
  • #175,500
  • Oct 13, 2009 6:25am Oct 13, 2009 6:25am
Quoting wormboy
I took some off the table & ran like carl lewis bro

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