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Cable Update (GBPUSD)

  • #182,181
  • Nov 11, 2009 3:18am Nov 11, 2009 3:18am
Sell @ 1.6760 ... watch 1.6714 to broke then 1.6618
  • #182,182
  • Nov 11, 2009 3:24am Nov 11, 2009 3:24am
Quoting deboooo2005
Sell @ 1.6760 ... watch 1.6714 to broke then 1.6618
am long cable @ 6750... how?
  • #182,183
  • Nov 11, 2009 3:25am Nov 11, 2009 3:25am
Its quite apparent from the daily chart that we are at some critical horizontal resistance and diagonal trendline resistance. (horiszontal res 1.67443) It seems like the bulls are loosing some steam here from the 4hr and hourly candle formations but I would take nothing for granted here and make no assumptions as I think the GBP is way over priced but yet it still persists on rising. My bias is pretty neutral at the moment and waiting is probably key here. There were some good small trades of the market profile yesterday but todays formation and how yesterdays market profile has finished leaves not many buy sell points in by view.

If you are making small trades around these key supp/res areas be careful as there are not many clear ledges formed on yesterdays profile to back upany clear trade.
Note: there are 2 single 'Q' prints at the top of this profile and a single 'K' print that we may see filled soon enough...especially if this next fi at 9.30 is out of line.

happy trading

n.b. hope the attachement comes out ok...you might need to scroll accross
Attached Image (click to enlarge)
Click to Enlarge Name: mt13.jpg Size: 111 KB
  • #182,184
  • Nov 11, 2009 3:35am Nov 11, 2009 3:35am
The news is good for the cable to rise again should I buy. Is everybody buying.
  • #182,185
  • Nov 11, 2009 3:39am Nov 11, 2009 3:39am
Quoting tundeakins
The news is good for the cable to rise again should I buy. Is everybody buying.
hesitated coz I think GBP is way over priced...the economy here is still like crap.
  • #182,186
  • Nov 11, 2009 3:39am Nov 11, 2009 3:39am
Quoting DubaiFX
Added mor short lot at 1.6660 lets see if Gu is going to prop or not
i am expecting down this week looking at my chart
no up above 1.6690

Lets se if i am wrong
im short fom 1.6530 and still holding as u can see in my previous post
well Mr.Market is always right.

Whats your views now? Out of interest where are your stops? You must have some stops no one has a bottomless account.....
  • #182,187
  • Nov 11, 2009 3:40am Nov 11, 2009 3:40am
Good day all,
After watching EU, i tink GU is heading Up. My way is up now hoping at least 50 greens!
  • #182,188
  • Nov 11, 2009 3:45am Nov 11, 2009 3:45am
Quoting goodwings
Good day all,
After watching EU, i tink GU is heading Up. My way is up now hoping at least 50 greens!
20 greens. 30 more .
  • #182,189
  • Nov 11, 2009 3:45am Nov 11, 2009 3:45am
Quoting Stocky Monk
Its quite apparent from the daily chart that we are at some critical horizontal resistance and diagonal trendline resistance. (horiszontal res 1.67443) It seems like the bulls are loosing some steam here from the 4hr and hourly candle formations but I would take nothing for granted here and make no assumptions as I think the GBP is way over priced but yet it still persists on rising. My bias is pretty neutral at the moment and waiting is probably key here. There were some good small trades of the market profile yesterday but todays formation and...
single 'q' prints have been filled with that better than expected data... them 'T' prints on the MP have also mad afew clearer buying and selling ledges.
Attached Image (click to enlarge)
Click to Enlarge Name: mt14.jpg Size: 158 KB
  • #182,190
  • Nov 11, 2009 3:45am Nov 11, 2009 3:45am
Everything is going bad for me. Some traders are shorting now and the news is good for the cable to go up. Please is it short time and what is the technic behind it.
  • #182,191
  • Nov 11, 2009 3:48am Nov 11, 2009 3:48am
short for me since 1.6753 and yesterday I got a very, very good trade. 169 pips
  • #182,192
  • Nov 11, 2009 3:51am Nov 11, 2009 3:51am
Quoting tundeakins
Everything is going bad for me. Some traders are shorting now and the news is good for the cable to go up. Please is it short time and what is the technic behind it.
sometimes the best way is just to sit back an watch the market will be here tomorrow an maybe better setup's
  • #182,193
  • Nov 11, 2009 3:58am Nov 11, 2009 3:58am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Folks,

Did anyone noticed daily candle from yesterday?




Ta
ams
  • #182,194
  • Nov 11, 2009 3:59am Nov 11, 2009 3:59am
Short here at 1.6770
  • #182,195
  • Nov 11, 2009 4:00am Nov 11, 2009 4:00am
http://www.forexfactory.com/showpost...stcount=207489

IF we get 4h close above the GANN, or 150.70, then 152.00 is on table.. If we take 152.00 then Hello 157.0 or so..

Clue.. have a look Daily GY, but especially Cable.. at cable we are still above the NL = 1.6673; Im looking for 2 days close below the NL, or 4h/1h reversal OR A DAILY CLOSE BELOW 1.6615....
However failing to do so, and with next Higher HIGH on daily close above 1.6675 would just confirm my Very BULLISH bias.. (posted some levels few days ago)

[Chart]

http://cdn.forexfactory.com/attachme...1&d=1257929052
  • #182,196
  • Nov 11, 2009 4:01am Nov 11, 2009 4:01am
Quoting Chumbawunga

Big traders need to make money and they ain't at the moment. There's a bear baiting contest going on and something needs to break. My thoughts the calm before the storm but problem is - difficult to gauge which way. Maybe the 9:30am news will give the market momentum to find out whos gonna drive the bus.

15 mins to news time
Remember if it's +ive then short and -ive go long. . Well that's what's happened the last few times.

No stop as we all know NEVER trade on news.
typical news spike
  • #182,197
  • Nov 11, 2009 4:04am Nov 11, 2009 4:04am
Quoting tundeakins
Everything is going bad for me. Some traders are shorting now and the news is good for the cable to go up. Please is it short time and what is the technic behind it.
Hello there,
Most traders here have a fair understanding of the GU market and even though i am presently long , i can tell u that its time to go short because the market is overbout. Am long with great caution.
  • #182,198
  • Nov 11, 2009 4:06am Nov 11, 2009 4:06am
Quoting ams
Folks,

Did anyone noticed daily candle from yesterday?




Ta
ams

but of course!!!
  • #182,199
  • Nov 11, 2009 4:08am Nov 11, 2009 4:08am
Quoting tundeakins
Everything is going bad for me. Some traders are shorting now and the news is good for the cable to go up. Please is it short time and what is the technic behind it.
i have 14 hours since i went SHORT from 1.6730 with TP 1.6280 SL 1.6880
let.s see if i.m right with my weekly bearish trend caused by the hit of the resistance of the ichimoku cloud ..
LOL
  • #182,200
  • Nov 11, 2009 4:08am Nov 11, 2009 4:08am
Hello Everyone,

Key for me is yesterdays high at 16789 - although it seems to be an uphill battle to get there! I'll be watching for a sell signal there and not before.

Alison
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