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Cable Update (GBPUSD)

  • #178,821
  • Oct 26, 2009 2:59am Oct 26, 2009 2:59am
Quoting Clouds
First post that made sense all day
Thanks. And then short from 1.6430, and it will struggle to get there as the bears are now in control.
  • #178,822
  • Oct 26, 2009 3:07am Oct 26, 2009 3:07am
Quoting grashid
out both GU&GY for this Oct'09 month...
fuhh...tripple profit mainly contributed from this std account (new record since Apr 09)

perhaps am looking for my short setting in my mini tomorrow...otherwise see all of you next NFP

Good luck to all...chow
damn, nice profit mate
  • #178,823
  • Oct 26, 2009 3:15am Oct 26, 2009 3:15am
Morning all,

Well isnt that typical, the day I start my new longer trading strategy, and there are two beautiful scalping moves!LOL

So today patience is the name of the game for me, will also be looking to short from around the 6380 - 6400 area.

Sitting on my hands until then!

Just a quick one for those who have been trading in this manner, say you have set a sell level, what is your confirmation of the short term trend reversal?
Do you look, for example, for a lower high after a test of resistance?

Many thanks!
  • #178,824
  • Oct 26, 2009 3:23am Oct 26, 2009 3:23am
Quoting antic81
Morning all,

Well isnt that typical, the day I start my new longer trading strategy, and there are two beautiful scalping moves!LOL

So today patience is the name of the game for me, will also be looking to short from around the 6380 - 6400 area.

Sitting on my hands until then!

Just a quick one for those who have been trading in this manner, say you have set a sell level, what is your confirmation of the short term trend reversal?
Do you look, for example, for a lower high after a test of resistance?

Many thanks!
Actually looking again, bears are certainly taking the bull by the horns this morning, 6325 looks like potentially the end of the short term up trend.

There is a confirmed lower high on the 5M chart...I think we should get confirmation in the next hour.
  • #178,825
  • Oct 26, 2009 3:35am Oct 26, 2009 3:35am
all of sudden i feel like the bull is coming. hope it's only in my dream
  • #178,826
  • Oct 26, 2009 3:40am Oct 26, 2009 3:40am
Quoting Johor JCS
all of sudden i feel like the bull is coming. hope it's only in my dream
no you're not dreaming.
atm it is bullish unless price close below the subltl. It does look like it'll be shortlived nonetheless
Good luck.
Attached Image (click to enlarge)
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Thank You
  • #178,827
  • Oct 26, 2009 3:42am Oct 26, 2009 3:42am
The cable will move up again.. and now trend is neutral for this moment and will up again.. and the lowest she can go today could be 1.6200. and she could fly to 1.6450.. believe it or not ? let see it...
Never look for past.. always beyond the boundary
  • #178,828
  • Oct 26, 2009 4:06am Oct 26, 2009 4:06am
Quoting hardaez
The cable will move up again.. and now trend is neutral for this moment and will up again.. and the lowest she can go today could be 1.6200. and she could fly to 1.6450.. believe it or not ? let see it...
Yes, flying up with big bears taking out little bears' stops
  • #178,829
  • Oct 26, 2009 4:11am Oct 26, 2009 4:11am
Quoting wormboy
no you're not dreaming.
atm it is bullish unless price close below the subltl. It does look like it'll be shortlived nonetheless
Good luck.
am going to mamak stall for teh tarik n dunhill office hour end, so does my trading today. come back at 8.30
  • #178,830
  • Oct 26, 2009 4:25am Oct 26, 2009 4:25am
Who's buying cable? I am....

1.6285... SL.. 1.6185.. TP.. 1.6400
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #178,831
  • Oct 26, 2009 4:33am Oct 26, 2009 4:33am
Hai.. Well. like my other problems. its always about TP, any master here care to share my long TP? I know, GBP trend is down, as prelim GDP gone very bad, and people cut their hope as the GBP currency condition worsen. But, US condition is also at some point not very safe. If Obama's gov does not take any good movement, a great inflation like 1970 era will be repeated. I just want to follow the trend. I'm long from 1.6255. thanks
  • #178,832
  • Oct 26, 2009 4:38am Oct 26, 2009 4:38am
Quoting Bull_Bear
Who's buying cable? I am....

1.6285... SL.. 1.6185.. TP.. 1.6400
Nice catch BB, price tested the previous 4hr swing lo=prev support=potential support zone co-existant on 1hr with the confluence of the 50% fib fan of the 5707-6693 move where it found demand,...dips back down to the zone finding further demand...

G/L with target

http://i36.tinypic.com/2ryj28j.gif

1hr chart below shows the current upside obstacles:
http://i37.tinypic.com/2s7up9c.gif
ex member
  • #178,833
  • Oct 26, 2009 4:39am Oct 26, 2009 4:39am
Quoting Bull_Bear
Who's buying cable? I am....

1.6285... SL.. 1.6185.. TP.. 1.6400

I am, since sydney open actually, probably kinda too early. Bought @6323, no SL. Lets see where this is going..
Volume, MA, Fractal
  • #178,834
  • Oct 26, 2009 4:42am Oct 26, 2009 4:42am
Quoting Bull_Bear
Who's buying cable? I am....

1.6285... SL.. 1.6185.. TP.. 1.6400

Looks like you got in at exactly the right time!

I do have a bit of resistance on my chart around the 6325-6340 level, are you expecting a continued fall after we hit the 400 level?
  • #178,835
  • Oct 26, 2009 4:42am Oct 26, 2009 4:42am
Quoting Bull_Bear
Who's buying cable? I am....

1.6285... SL.. 1.6185.. TP.. 1.6400
Sorry did not see your post.. LOL, thanks anyway even though you are posting for your self. At least i will aware your TP.

This is my call, to make sure i am not following anyone. My reason of this is just simply S/R reason. that is the lowest area for a few days ago. So i dont following anyone.. except fot Bull bears TP. well, please geppy i just following his TP. really..
Attached Image (click to enlarge)
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  • #178,836
  • Oct 26, 2009 4:46am Oct 26, 2009 4:46am
Looks like GS trying to talk Cable up to 1.7 (or at least up to wherever they are stuck with their long ). Any attempt to breach 1.61 may also encounter a lot of difficulties.

http://www.bloomberg.com/apps/news?p...d=aqoJW.D730pA

http://forexarena.blogspot.com/2009/...ing-pound.html

Z
I have no biases. I just trade what the charts tell me.
  • #178,837
  • Oct 26, 2009 4:48am Oct 26, 2009 4:48am
Good Morning,

Flat since 1.6580 last Thursday
Will remain so for the time being...
Hear the music before the song is over ...
  • #178,838
  • Oct 26, 2009 4:48am Oct 26, 2009 4:48am
Possible new trend channel?
Attached Image (click to enlarge)
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  • #178,839
  • Oct 26, 2009 4:52am Oct 26, 2009 4:52am
you guys are so great...keep it up
  • #178,840
  • Oct 26, 2009 4:55am Oct 26, 2009 4:55am
Quoting GlobalMacro
Good Morning,

Flat since 1.6580 last Thursday
Will remain so for the time being...
Im doing nothing to
GELORE
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