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Cable Update (GBPUSD)

  • #184,441
  • Nov 24, 2009 12:16am Nov 24, 2009 12:16am
When there is spacing between ema's the price action can pierce thru
easily but when they are wound tightly it's hard to penetrate. Same
with laminates and composites. They'll give and are pliable individually
but sandwiched together they are stronger than steel.

Talk about a nice area of resistance. Since it's only the 15m chart
it may only be momentary.

Dr. D.[/quote]

Hi Dr D,

Congratulations on your good explanation, I will not forget it in a hurry.

Thanks http://cdn.forexfactory.com/images/icons/icon7.gif
  • #184,442
  • Nov 24, 2009 12:20am Nov 24, 2009 12:20am
does anyone think this could be another inside day?
  • #184,443
  • Nov 24, 2009 12:22am Nov 24, 2009 12:22am
I move my Yesterdays short to BE

Have a nice day,


Peter
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Jesus Christ is my only Lord !
  • #184,444
  • Nov 24, 2009 12:24am Nov 24, 2009 12:24am
Quoting alex1976
does anyone think this could be another inside day?
Not likely, failure to close above resistence on the 4hr shows continuation of trend side down, showing next support level on the daily @ 1.6220ish...

But, play the play that you feel suits you..

This is just what my charts are saying...RIGHT NOW

Support ranges marked on daily and 4hr...Bottom possible target for cable on daily in red.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #184,445
  • Nov 24, 2009 12:40am Nov 24, 2009 12:40am
Quoting hipcio
I move my Yesterdays short to BE

Have a nice day,


Peter
At the end you there right! what is your target?
entered small short at 6565. will hold if price moves below 6550, and will add there.
  • #184,446
  • Nov 24, 2009 12:44am Nov 24, 2009 12:44am
Grashid,
True! But I am now thinking 20 25 pips - OUT!

Thusday is Thanksgiving in the US, BIG holiday. This is not to say 'traders" Won't trade but banks will be closed and Friday is known as "Black Friday"
A HUGE shopping day, the results should prove interesting....

DR. D,
Agreed. These Minor resistances prove to be just that. I have been wrong and right, BUT, I will throw it out there...

If this selling continues into LDN, we may see some longs there. If not and NY follows suit, well Hello 6400 and below!!!

Crazy week already!

When in Doubt stay out!


Quoting grashid
..mee too..but just my 10sen....i'll start my GBPNZD and GY soon..maybe not on GU...do not stay too long...40-50pips +ve then out..and perhaps tomorrow or thursday we will have a better view.Good luck
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #184,447
  • Nov 24, 2009 12:59am Nov 24, 2009 12:59am
Quoting Endrju
At the end you there right! what is your target?
entered small short at 6565. will hold if price moves below 6550, and will add there.
Hi Endrju,
thank You, but there is nothing that right or wrong according to the market, yes I was right not changing my decision and the trade, but it is only a probability game and lets say I was more lucky then right

my target is pink line but if it closes as it is now I wouldn't expect even that

Peter
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Jesus Christ is my only Lord !
  • #184,448
  • Nov 24, 2009 1:18am Nov 24, 2009 1:18am
Quoting Magix
Not likely, failure to close above resistence on the 4hr shows continuation of trend side down, showing next support level on the daily @ 1.6220ish...

But, play the play that you feel suits you..

This is just what my charts are saying...RIGHT NOW

Support ranges marked on daily and 4hr...Bottom possible target for cable on daily in red.
Can you share the indicators you use plse.
Your system looks very interesting
Thnx
  • #184,449
  • Nov 24, 2009 1:31am Nov 24, 2009 1:31am
Quoting Magix
Stick to your guns Amigo...and by guns, I mean Charts....

.....Si Senor......
"Timing Is Everything. Really I Swear It Is"
  • #184,450
  • Edited 1:52am Nov 24, 2009 1:37am | Edited 1:52am
It seems we are still in correction phase.

World Spot Gold is now appx $1 in the red.

First Cable specific news will be @ 4:30 EST
BBA Mortgage Approvals-
Oct 23rd release was above forecast.

To the downside i am looking @ immediately .6540, next 6500, then 6480 area to be breached significantly to jump on the train. Things are a bit uncertain tonight.
(These areas can be seen on my last chart, although plotted on M15 still valid)

I will not make any rash decisions until at least the LDN open. Just me.
By then I will be snoozing, hopefully.

I wish you all luck,
And remember all this can change in the BLINK of an eye in FX.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #184,451
  • Nov 24, 2009 1:51am Nov 24, 2009 1:51am
does anyone know what King is about to speak
at 9:45 gmt??
  • #184,452
  • Nov 24, 2009 2:15am Nov 24, 2009 2:15am
Good day, traders!

I'm playing short since 1,6548. Time will show whether I'm right.

And my target is 1,6498 (I just try to make 50pips a day)
  • #184,453
  • Nov 24, 2009 2:47am Nov 24, 2009 2:47am
looking to sell USDCAD on 4h signal target adjustable 1.0559
looking to buy EURUSD on 4h signal target adjustable 1.498x
When life gives you lemons, make lemonade
  • #184,454
  • Nov 24, 2009 5:01am Nov 24, 2009 5:01am
hello guys.. good profit today? I can't speak too much because i don't have a chart to show. I will post my view later when i got a nice chart to show u guys.. ciaw~!
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #184,455
  • Nov 24, 2009 5:43am Nov 24, 2009 5:43am
i am new and still learning. i am planning to focus on GU to kick start my learning. learnt alot from all ur posts..
  • #184,456
  • Edited 6:39am Nov 24, 2009 6:16am | Edited 6:39am
Quoting XTrade
Hi What is this?

Entry? S or L? something else?
Sorry long time to reply. I am sure you have already known what I mean now ! Currently after bearish about 100 pis stay at this level again (1.6583). It is the time to observe, entry short or add long or close an hold long, depend on what we see next few minutes. For next hours IMHO says long at a dip, may 1.6571 or 1.6556 !
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I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #184,457
  • Nov 24, 2009 6:45am Nov 24, 2009 6:45am
Quoting ja5on
i am new and still learning. i am planning to focus on GU to kick start my learning. learnt alot from all ur posts..
Welcome Ja,

Peter
Jesus Christ is my only Lord !
  • #184,458
  • Nov 24, 2009 6:45am Nov 24, 2009 6:45am
I believe that GDP will set the direction for the rest of the week. Break above 1.6610 and 1.6850 is the target. Failure here at 1.6585 level and here comes 1.6250.

stops on shorts from 1.6615 moved to BE
"Timing Is Everything. Really I Swear It Is"
  • #184,459
  • Nov 24, 2009 6:49am Nov 24, 2009 6:49am
Quoting TexasforEX
I believe that GDP will set the direction for the rest of the week. Break above 1.6610 and 1.6850 is the target. Failure here at 1.6585 level and here comes 1.6250.

stops on shorts from 1.6615 moved to BE
Good analysis ! I maybe regret, close my long at 1.6579 from 1.6515 ! Currently, I am on the observation session for next open trade !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #184,460
  • Nov 24, 2009 6:55am Nov 24, 2009 6:55am
just to ask. u all based on fundamentals and technical to come out with that analysis? or purely base on the technical charting? thanks for sharing. heh
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