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Cable Update (GBPUSD)

  • #177,521
  • Oct 19, 2009 4:02pm Oct 19, 2009 4:02pm
Aggressive Buying Hitting The Market, Breezing through 1.6400 and taking out 1.6420 barrier

Still Long from 1.5712 and 1.5821 !
Hear the music before the song is over ...
  • #177,522
  • Oct 19, 2009 4:03pm Oct 19, 2009 4:03pm
Quoting GlobalMacro
Aggressive Buying Hitting The Market, Breezing through 1.6400 and taking out 1.6420 barrier

Still Long from 1.5712 and 1.5821 !
nice trades from down there!
  • #177,523
  • Oct 19, 2009 4:03pm Oct 19, 2009 4:03pm
Quoting malcolmb14

  • #177,524
  • Oct 19, 2009 4:06pm Oct 19, 2009 4:06pm
Quoting ziko123
up +26 already


1.5370 HOW ?
  • #177,525
  • Oct 19, 2009 4:07pm Oct 19, 2009 4:07pm
Quoting pakitrader
1.5370 HOW ?
meant 1.6370
  • #177,526
  • Oct 19, 2009 4:08pm Oct 19, 2009 4:08pm
Quoting jack.canadia
ya man .. i have some time to contribute again ... very busy though with school
Welcome back then.. ANy good trade? i'm holding a long from 270 and 286. Looking quite good. as it hit my trendline. a consecutive bull candles in 5 days huh? its a very strong push..
  • #177,527
  • Oct 19, 2009 4:09pm Oct 19, 2009 4:09pm
Quoting jack.canadia
I have never seen price do what its doing right now on FXCM lol

2 pip spread to 20 pips then back and forth .. whats happening here haha
people pulling their offers off market, at the same time buyers ready to pay any price for cable now!
Hear the music before the song is over ...
  • #177,528
  • Oct 19, 2009 4:13pm Oct 19, 2009 4:13pm
Quoting GlobalMacro
Aggressive Buying Hitting The Market, Breezing through 1.6400 and taking out 1.6420 barrier

Still Long from 1.5712 and 1.5821 !
time to take profit perhaps?
  • #177,529
  • Oct 19, 2009 4:14pm Oct 19, 2009 4:14pm
Quoting GlobalMacro
people pulling their offers off market, at the same time buyers ready to pay any price for cable now!
Big players are buying and small players are selling and free fall when it reaches above 6400 they are buying and buying.
  • #177,530
  • Oct 19, 2009 4:20pm Oct 19, 2009 4:20pm
Quoting pakitrader
Big players are buying and small players are selling and free fall when it reaches above 6400 they are buying and buying.
weekly chart changed everything..GM is a smart man, he been waiting for that buy for a month

1.67 i think will be seen b4 1.60

look even support on a 1 minute chart is appearing to hold
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  • #177,531
  • Oct 19, 2009 4:23pm Oct 19, 2009 4:23pm
Quoting navin2007
weekly chart changed everything..gm is a smart man, he been waiting for that buy for a month

1.67 i think will be seen b4 1.60

look even support on a 1 minute chart is appearing to hold
weekly is extremely bullish have a look at the crude weekly the same patten here.
  • #177,532
  • Oct 19, 2009 4:24pm Oct 19, 2009 4:24pm
Quoting highroller
Hi kingrex,

That multi timeframe indicator you have in the top left hand corner of your chart looks like it could be useful!
It gives you an instant view of what's happening on all timeframes.
Any chance of uploading the indicator or just the name of it so I can find it.

Cheers

HR
Hi am not sure how to upload it. I have used it for awhile and it has a lot of noise at times. What i mean is it could be green across the bird, iplace a buy trade and in an instant it goes red across the board. gg is the name.
  • #177,533
  • Oct 19, 2009 4:32pm Oct 19, 2009 4:32pm
hi! i'm long too, but i'm bit worried, about the move up. If eur/usd and eur/gbp doesn't follow, it could be a false breakout, because eur/usd is near psychological level 1.500 and eur/gbp have tried unsuccesfully break below 0.91. And tomorrow King will have his speach in Scotland, and he is for increasing APP, which is bad for gbp. I'm not too optimistic about a huge breakout, it will probably go up some more, but let's hope eur goes up.
  • #177,534
  • Oct 19, 2009 4:37pm Oct 19, 2009 4:37pm
Quoting Endrju
hi! i'm long too, but i'm bit worried, about the move up. If eur/usd and eur/gbp doesn't follow, it could be a false breakout, because eur/usd is near psychological level 1.500 and eur/gbp have tried unsuccesfully break below 0.91. And tomorrow King will have his speach in Scotland, and he is for increasing APP, which is bad for gbp. I'm not too optimistic about a huge breakout, it will probably go up some more, but let's hope eur goes up.
that has similair pattern as well .....it is in uptrend dont worry (eur/usd) dailly very bullish also look at swissy very bearish ..cable will most likely sky rocket, but im not in the trade as i have no signal to enter
usdcad very bearish as well..dollar is finished!!
  • #177,535
  • Oct 19, 2009 4:43pm Oct 19, 2009 4:43pm
Quoting nAVIN2007
that has similair pattern as well .....it is in uptrend dont worry (eur/usd) dailly very bullish also look at swissy very bearish ..cable will most likely sky rocket, but im not in the trade as i have no signal to enter
usdcad very bearish as well..dollar is finished!!
i entered when it broke the triangle on hourly...going well so far..another 100 to go:0
  • #177,536
  • Oct 19, 2009 4:45pm Oct 19, 2009 4:45pm


  • #177,537
  • Oct 19, 2009 4:47pm Oct 19, 2009 4:47pm
Quoting ledobedo
i entered when it broke the triangle on hourly...going well so far..another 100 to go:0
its very strong any support and it simply bounces, nice trade
  • #177,538
  • Oct 19, 2009 4:48pm Oct 19, 2009 4:48pm
Quoting ziko123
buying cable here @1.5370, target 1.5570
currently +60
  • #177,539
  • Oct 19, 2009 4:53pm Oct 19, 2009 4:53pm
Right now we are stuck at a nice confluence .. Trendline plus 38.2 (1.6430) from the entire fall from the top.

This is the decision point IMO.
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  • #177,540
  • Oct 19, 2009 4:53pm Oct 19, 2009 4:53pm
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