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Cable Update (GBPUSD)

  • #177,301
  • Oct 18, 2009 7:22pm Oct 18, 2009 7:22pm
Quoting kill
hey bro how are u
Hello bro
All great,Will add short 1.63
  • #177,302
  • Oct 18, 2009 7:25pm Oct 18, 2009 7:25pm
Quoting Fudomyo
there's no gap fill in forex, it 24/7. it's a gap on your broker feed. !
I have to disagree, the martet is not 24/7 but rather 24/5!! unless i m wrong which is unlikely!
The Sky is the Limit!
  • #177,303
  • Oct 18, 2009 7:33pm Oct 18, 2009 7:33pm
Quoting egkid
Hello bro
All great,Will add short 1.63
bro hit and run the best game we can play with the cable
  • #177,304
  • Oct 18, 2009 7:36pm Oct 18, 2009 7:36pm
G/U Sell sell sell
Bears in control for today
  • #177,305
  • Oct 18, 2009 7:38pm Oct 18, 2009 7:38pm
Quoting ahlamo
I have to disagree, the martet is not 24/7 but rather 24/5!! unless i m wrong which is unlikely!

99.9% the gap will be filled up or down u are right
  • #177,306
  • Oct 18, 2009 7:43pm Oct 18, 2009 7:43pm
the dow in control dam it
  • #177,307
  • Oct 18, 2009 7:48pm Oct 18, 2009 7:48pm


10/18/2009 8:34:02 PM

BOJ
The Bank of Japan released the gist of opening..

1 of 1

BOJ: The Bank of Japan released the gist of opening remarks by
Governor Masaaki Shirakawa at the bank`s quarterly branch managers`
meeting in Tokyo:
-- BOJ Shirakawa: Must watch downside risks to growth prices
-- Global economy showing signs of improvement
-- Funding for small firms in Japan still tough
-- Overseas financial systems remain fragile need close watch
  • #177,308
  • Oct 18, 2009 7:51pm Oct 18, 2009 7:51pm
Quoting ahlamo
I have to disagree, the martet is not 24/7 but rather 24/5!! unless i m wrong which is unlikely!

Forex doesn't have a central exchange and therefore never closes.
Retail platforms don't support weekend access so we can't trade. For us it's 24/5.
  • #177,309
  • Oct 18, 2009 7:55pm Oct 18, 2009 7:55pm
Quoting kill
the dow in control dam it
The Dow is closed until 9:30AM EST. Nekkei gapped down on open but has moved up a bit. SSE opens shortly.
  • #177,310
  • Oct 18, 2009 7:59pm Oct 18, 2009 7:59pm
Quoting Fudomyo
The Dow is closed until 9:30AM EST. Nekkei gapped down on open but has moved up a bit. SSE opens shortly.

sure bro some times even when the nekkei gos down the dow will not move nikkei down coz the dow was down friday
  • #177,311
  • Oct 18, 2009 8:02pm Oct 18, 2009 8:02pm
asia all down kosbi nikke asx and we will see the hsi
  • #177,312
  • Oct 18, 2009 8:22pm Oct 18, 2009 8:22pm
eur/usd - in a small formation --- target 1,4910-20 - see chart - will hold till london opens
Attached Image (click to enlarge)
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Twitter: Forexlivetrade - Buy: AFFI.CPH ISIN: DK0015966592 - target 12 DKK
  • #177,313
  • Oct 18, 2009 9:05pm Oct 18, 2009 9:05pm
now might be the right time to sell this fella
  • #177,314
  • Oct 18, 2009 9:07pm Oct 18, 2009 9:07pm
No news.... No wonder price not going any where
Ok se u guys at london open. Best time to rest now.
GELORE
  • #177,315
  • Oct 18, 2009 9:08pm Oct 18, 2009 9:08pm
Note that gu faild to have a daily close above trend line and close below it

so deeper correction may be seen
  • #177,316
  • Oct 18, 2009 9:24pm Oct 18, 2009 9:24pm
I am seeing a double bottom. How far will it likely go before retrace?
Attached Image (click to enlarge)
Click to Enlarge Name: Oct 18 Double Bottom reverse.jpg Size: 268 KB
  • #177,317
  • Oct 18, 2009 9:37pm Oct 18, 2009 9:37pm
GU is forming the secound shoulder of the inverted head and shoulder

so we may get short signal soon?

where i expect 1.6120 will be the low of the secound shoulder or 1.5919
no it may break up
so stand a side is the better unless it break the head and shoulder nicke line
GU next supp 1.6212 - 1.6156 , 1.6040
ress.1.6385 , 1.6485 , 1.6585
  • #177,318
  • Oct 18, 2009 9:48pm Oct 18, 2009 9:48pm
Quoting Wincent
GU is forming the secound shoulder of the inverted head and shoulder

so we may get short signal soon?

where i expect 1.6120 will be the low of the secound shoulder or 1.5919
no it may break up
so stand a side is the better unless it break the head and shoulder nicke line
GU next supp 1.6212 - 1.6156 , 1.6040
ress.1.6385 , 1.6485 , 1.6585

Thanks. It would help if you would show your chart to explain.

Happy trading.
  • #177,319
  • Oct 18, 2009 10:11pm Oct 18, 2009 10:11pm
I like to trade between the orange rectangle. Less likely chance for breakout.

Overall I can say my most proftable trades are mostly during this period.

As for the entire period of price returning between S n R as shown with top and bottom green lines and blue middle body.

Does anyone here trade the S n R during this period as well?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD - S n R.jpg Size: 254 KB
  • #177,320
  • Oct 19, 2009 12:56am Oct 19, 2009 12:56am
Quoting Wincent
GU is forming the secound shoulder of the inverted head and shoulder

so we may get short signal soon?

where i expect 1.6120 will be the low of the secound shoulder or 1.5919
no it may break up
so stand a side is the better unless it break the head and shoulder nicke line
GU next supp 1.6212 - 1.6156 , 1.6040
ress.1.6385 , 1.6485 , 1.6585
un decision mode atm brother....wait either 6420/30 to be broke for 6710/20 test this week...otherwise 6360 will be strong resistance and 6120-6020 or even lower this week..

Patient is virtual...Good Luck
Attached Image(s) (click to enlarge)
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