Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

#180,681
Nov 4, 2009 1:46am Nov 4, 2009 1:46am

cannarek
| Joined Jun 2006 | Status: nothing is new in the world | 804 Posts

Quoting Bull_Bear

Disliked

sell 1.6475... SL .. 1.6575... TP .. 1.6180

Ignored

I would be very very careful with shorts now

#180,682
Nov 4, 2009 1:48am Nov 4, 2009 1:48am

dre3029
| Joined Feb 2008 | Status: Trader | 128 Posts

no matter what the results were the pros were gonna push it up anyway most likely!! They see exactly what we see and think hmmm...we see the H/S pattern and they do too. What can we do to shake those shorts out before we drop it. My new strategy is to go long if it looks like it's gonna drop and then go short once it does.

#180,683
Nov 4, 2009 1:49am Nov 4, 2009 1:49am

carimakan
| Joined Aug 2009 | Status: Trader | 24 Posts

Hi guys...

Are we gonna see 1.66 anytime soon?

#180,684
Nov 4, 2009 1:51am Nov 4, 2009 1:51am

bbmac
Joined Jul 2007 | Status: Trader | 5,392 Posts

Positive Uk PMI services reaction extends the 1hr uptrend breeching the decsending 1hr and higher 4hr potential resistance trend line and 76.4% fib of the prev 6603-6260 move down. 100sma's are above 200 sma's on 5min - daily t/f now with macd signal lines generally pointing north 15min-4hr correct at time of writing.

G/L

ex member

#180,685
Nov 4, 2009 2:01am Nov 4, 2009 2:01am

need-help
| Joined Oct 2009 | Status: Trader | 231 Posts

Cable has frozen around the 1.6540 area inspite of the news in favour of it. Whats the reason behind it? lack of confidence in the pound? Or are we in for a free fall?

#180,686
Nov 4, 2009 2:08am Nov 4, 2009 2:08am

-Barracuda-
| Joined Oct 2009 | Status: Trader | 21 Posts

anyone use ichimoku cloud here? Daily chart start trading above the cloud, 4h, 1h, 30m, 15m also trading above the cloud. Meaning we are on the uptrend once again yihaaa...

#180,687
Nov 4, 2009 2:11am Nov 4, 2009 2:11am

musani
| Joined Jun 2008 | Status: GELORE | 600 Posts

Sorry for what happen with the news. I only let u know about news will come juat now and im not sure up or down. It just to alert somthing will come that all.

GELORE

#180,688
Edited 2:28am Nov 4, 2009 2:12am | Edited 2:28am

DubaiFX
| Membership Revoked | Joined Aug 2007 | 1,069 Posts

Will be shorting any 1h close below Trend line..
will be very good to short we are at top looking to my charts
just my 1pip advise carefull if you want to go long
macd is not helping this whole move last 4H chart
hope you guys green pips

1.6510 will be good to short
target canbe near 16370 again today we may see but i am expecting in new york session.

Take care..
Choose Wisely..

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Don't compare your Trades with Others

#180,689
Nov 4, 2009 2:14am Nov 4, 2009 2:14am

4Naomi
| Joined Aug 2009 | Status: Trader | 13 Posts

Quoting wormboy

Disliked

winding up time .....

5300! BOO!
made ya look

Ignored

#180,690
Nov 4, 2009 2:14am Nov 4, 2009 2:14am

sreeprakash
| Joined Mar 2009 | Status: Trader | 342 Posts

What I am seeing is right??

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ABCD..

#180,691
Nov 4, 2009 2:19am Nov 4, 2009 2:19am

Ben920FX
| Joined Sep 2008 | Status: Pip banker | 263 Posts

Quoting DubaiFX

Disliked

Will be shorting any 1h close below Trend line..
1.6510 will be good to short

Ignored

Same plan, exactly...

My edge ===> Patience

#180,692
Nov 4, 2009 2:22am Nov 4, 2009 2:22am

musani
| Joined Jun 2008 | Status: GELORE | 600 Posts

Sorry for what happen with the news. I only let u know about news will come juat now and im not sure up or down. It just to alert somthing will come that all.

GELORE

#180,693
Nov 4, 2009 2:22am Nov 4, 2009 2:22am

Xtravaganz
| Joined Sep 2009 | Status: it's not a bug, it's a feature | 170 Posts

The sell interest at 1.6520/30 hardly proved any barrier at all as cable made it’s way to a session higher 1.6543. Talk now of more sell orders lined up at 1.6550 up through 1.6565.
EUR/GBP trading lower on day, down at .8922 from early .8960. Technical support of note now looms down at .8905/15.
EDIT: Talk Asian sovereign sold up around 1.6540.

#180,694
Nov 4, 2009 2:30am Nov 4, 2009 2:30am

scorpionFX
| Joined Jan 2009 | Status: Never stop learning! | 187 Posts

Quoting 4Naomi

Disliked

Ignored

Naomi, cable is still ranging on larger TF, between 1.6737 and 1.5711 so until it break 1.6737 dont write provocative posts!!Anyway that was just his assuming where it could go! Nobody on this world can know all the time where the markets will go..right?

Happy trading!
scFX

#180,695
Nov 4, 2009 2:31am Nov 4, 2009 2:31am

DubaiFX
| Membership Revoked | Joined Aug 2007 | 1,069 Posts

Quoting Ben920FX

Disliked

Same plan, exactly...

Ignored

good bro but i should warn you i selofa t 1.6540 stop are 1.6010
first target will be 16370 second is open till 16055
we will see how it works

i may be wrong welll most the time im

take care..

Choose to trade Wisely..

Don't compare your Trades with Others

#180,696
Nov 4, 2009 2:34am Nov 4, 2009 2:34am

nAVIN2007
Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts

Quoting 4Naomi

Disliked

Ignored

u are a troll

#180,697
Nov 4, 2009 2:38am Nov 4, 2009 2:38am

kill
| Membership Revoked | Joined Aug 2009 | 506 Posts

Quoting nAVIN2007

Disliked

u are a troll

Ignored

hey bro what'z up

still in add some stop 16610

what about u

#180,698
Nov 4, 2009 2:39am Nov 4, 2009 2:39am

Chumbawunga
| Joined Oct 2009 | Status: Pip-the seed of a tree | 129 Posts

RSI on 30m 1hr and pretty much 4 hr suggests short but what do I know .. Not much that's evident.. just been taking scalps on longs but now .... i'm confused.