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Cable Update (GBPUSD)

  • #197,381
  • Feb 1, 2010 4:24am Feb 1, 2010 4:24am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
As per charts posted on my thread, I am going long for scalp...


ta
ams
  • #197,382
  • Feb 1, 2010 4:24am Feb 1, 2010 4:24am
Quoting big_pipin
well down to 5850 we go. Hold on to your hats.
yep keeping an eye on that area
  • #197,383
  • Feb 1, 2010 4:25am Feb 1, 2010 4:25am
Quoting Fly2
bahh haha well grabbed a pip/can't get em all
Yeh hehe....there are a lot of people here...let some pips for others!
COT: The precious data ignored
  • #197,384
  • Feb 1, 2010 4:29am Feb 1, 2010 4:29am
Quoting FXFundi
dito. I'll look for another entry point.

I have further support around the 1.5840 mark, although you know cable, it may just run up from here, if that happens I will stay out.

Mind you with the pace of the south move, I am not sure if buying is a good option, the bollinger bands are opening up on the 5 min chart.
However if we look on the daily this level of support at 1.5840 looks pretty good as it was the previous low on the 29th December, problem with that is that the dailys is clearly southbound until 1.5704, the bottom of its current range...Im getting a headache!
  • #197,385
  • Feb 1, 2010 4:37am Feb 1, 2010 4:37am
Posted the daily charts on cable

http://cfts4f.blogspot.com/2010/02/c...nd-gbpusd.html
  • #197,386
  • Feb 1, 2010 4:46am Feb 1, 2010 4:46am
master...newbie here want to ask...look like gu cant break 1.5850....it good to long/buy now or juit keep my short?....
Revesal Trader
  • #197,387
  • Feb 1, 2010 4:48am Feb 1, 2010 4:48am
Quoting mygoldenpips
master...newbie here want to ask...look like gu cant break 1.5850....it good to long/buy now or juit keep my short?....
Where are the major s/r zones? Figure that out and you have your answer. I'd be looking to buy if i were u tho.
  • #197,388
  • Feb 1, 2010 4:50am Feb 1, 2010 4:50am
Quoting big_pipin
Where are the major s/r zones? Figure that out and you have your answer. I'd be looking to buy if i were u tho.

tq for help....
Revesal Trader
  • #197,389
  • Feb 1, 2010 4:50am Feb 1, 2010 4:50am
EUR/GBP: Posted a four-day peak at 0.8750 as Cable makes fresh 2010 lows down at 1.5860.
  • #197,390
  • Feb 1, 2010 4:52am Feb 1, 2010 4:52am
GBP: The slide continues as flows dominate the movement today with as much as 3-5bn Eur/Gbp needing to be bought today.
  • #197,391
  • Feb 1, 2010 4:54am Feb 1, 2010 4:54am
http://www.forexfactory.com/showthread.php?t=206723
Interesting read here.Well it actually gave me better spots to look for entries the way I look for my setups anyway with the system I use.When you get time check it out.
  • #197,392
  • Feb 1, 2010 4:55am Feb 1, 2010 4:55am
Quoting marbellafx
GBP: The slide continues as flows dominate the movement today with as much as 3-5bn Eur/Gbp needing to be bought today.
pulling out credit cars/making deposit to buy heh
  • #197,393
  • Feb 1, 2010 4:57am Feb 1, 2010 4:57am
just broke 5850 by 1 pip.....might get interesting eh?
  • #197,394
  • Feb 1, 2010 5:00am Feb 1, 2010 5:00am
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-02-01_feb.jpg Size: 178 KB
Patience + Discipline =
  • #197,395
  • Feb 1, 2010 5:01am Feb 1, 2010 5:01am
Quoting big_pipin
just broke 5850 by 1 pip.....might get interesting eh?
depends on the broker/i have 850 on the nose even incrimental pips/oanda 51/i see meta at 49
  • #197,396
  • Feb 1, 2010 5:03am Feb 1, 2010 5:03am
just took long 5866, 5823 stop. 6070 target.
  • #197,397
  • Feb 1, 2010 5:05am Feb 1, 2010 5:05am
Quoting big_pipin
just took long 5866, 5823 stop. 6070 target.
y took one too/I figure I was waiting on that number 850 so I'll stick with it/I figure minimal loss if worst happens.If I get confirmation to long I may add into it. This will have to move quick.Curious to see what happens Us open/Almost looks like news should make pound rise/I guess the major breaking point is 5700/
  • #197,398
  • Feb 1, 2010 5:09am Feb 1, 2010 5:09am
Price currently in steep downtrend 15min-4hr with daily see-ing a H, HL,LH and now a L off that 6457 recent swing H on the Daily t/f..Ascending Daily t/f trend line and Weekly S1 pivot breeched to the downside now...Price currently testing a near-term obvious previous swing lo=prev supp=potential support zone 4hr/Daily.

Daily chart showing potential support is below;

G/L

http://i50.tinypic.com/depo29.jpg
ex member
  • #197,399
  • Feb 1, 2010 5:14am Feb 1, 2010 5:14am
GU now is going to touch the below line of downtrend channel. I'm looking to buy at 1.5850 (if it go down there), where below line cut support line
  • #197,400
  • Feb 1, 2010 5:30am Feb 1, 2010 5:30am
  •  Ronin77
  • | Joined Dec 2008 | Status: เงินกินเปล่า | 95 Posts
Quoting FXTheOne
GU now is going to touch the below line of downtrend channel. I'm looking to buy at 1.5850 (if it go down there), where below line cut support line
did you enter at 1.5850? and if so what is your target and stop loss?
Ronin77
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