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Cable Update (GBPUSD)

  • #203,101
  • Mar 3, 2010 6:39am Mar 3, 2010 6:39am
fibo break if news ... over ....

retrace H1 50%
Attached Image (click to enlarge)
Click to Enlarge Name: 8.24pm GU H1.png Size: 72 KB
WHEN THE MARKET WANTS TO REWARD YOU WITH A CERTAIN AMOUNT OF PROFIT TAKE IT
  • #203,102
  • Mar 3, 2010 6:42am Mar 3, 2010 6:42am
Quoting PipSqueeze
I don't GU has the powaahh to push through this resistance but that's my feelings. Best of luck.
I think 1.4848 is today close price
  • #203,103
  • Mar 3, 2010 6:51am Mar 3, 2010 6:51am
Quoting forexioner
I think 1.4848 is today close price
Excuse me, I hate that word.
  • #203,104
  • Mar 3, 2010 6:53am Mar 3, 2010 6:53am
Well in thirty mins we have the ADP NFP news coming out, which can give the market a push...of course this could work for or against my trade, I have a very small lot size and although my stop is about 80 points away, below a level of support, I am not risking a large amount of capital.

I certainly wouldnt recomend anyone getting in now though!
  • #203,105
  • Mar 3, 2010 6:55am Mar 3, 2010 6:55am
1252 GMT [Dow Jones] EUR/USD falls some 25 ticks to a session low of 1.3605 after wire headlines that Germany will not offer help to Greece at Friday's meeting in Berlin. EUR/USD now at 1.3621, from the day's high of 1.3671. (GST)


Possible short GU today.

close could be 1.4850
  • #203,106
  • Mar 3, 2010 7:24am Mar 3, 2010 7:24am
GU just refuses to go past this level, could be a boring evening if this ranging keeps up.
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  • #203,107
  • Mar 3, 2010 7:26am Mar 3, 2010 7:26am
Quoting PipSqueeze
GU just refuses to go past this level, could be a boring evening if this ranging keeps up.
where is your PATIENCE?
  • #203,108
  • Mar 3, 2010 7:28am Mar 3, 2010 7:28am
Quoting Baby-Trader
where is your PATIENCE?
I've been sat watching it since 7AM GMT...4 attempts at passing and my PATIENCE has left the building.
{Promotion Removed}
  • #203,109
  • Mar 3, 2010 7:30am Mar 3, 2010 7:30am
Quoting PipSqueeze
I've been sat watching it since 7AM GMT...4 attempts at passing and my PATIENCE has left the building.

To be honest I think I am with you on this one, been the same for me, I know as soon as I run out and pull out, bang! Up she'll go, but just too much uncertainty at the moment.
  • #203,110
  • Mar 3, 2010 7:32am Mar 3, 2010 7:32am
Best chance of a break to the upside we've had is right now, if denied again, I am out!
  • #203,111
  • Mar 3, 2010 7:33am Mar 3, 2010 7:33am
Quoting antic81
To be honest I think I am with you on this one, been the same for me, I know as soon as I run out and pull out, bang! Up she'll go, but just too much uncertainty at the moment.
Uncertainty my foot
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 19 KB
  • #203,112
  • Mar 3, 2010 7:34am Mar 3, 2010 7:34am
Quoting antic81
Best chance of a break to the upside we've had is right now, if denied again, I am out!
Denied for the 5th time today! I'm off for a long walk off a short bridge...too frustrating today.
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  • #203,113
  • Mar 3, 2010 7:35am Mar 3, 2010 7:35am
Quoting handipips
all i know is that im long at 1.4871 with s/l at 1.4779 and t/p at 1.5463. good luck to all
http://cdn.forexfactory.com/images/s...m/thumbsup.gif

http://cdn.forexfactory.com/images/misc/progress.gif

we shall get there by friday.
  • #203,114
  • Mar 3, 2010 7:39am Mar 3, 2010 7:39am
Quoting forexlion
Uncertainty my foot

You may well be right...however I didnt like the tripple top so I took my small profit and ran!

Got about 25 pips, small, but better than a loss, and I have to pop out now so couldnt sit and watch anymore.
  • #203,115
  • Mar 3, 2010 7:41am Mar 3, 2010 7:41am
Quoting antic81
You may well be right...however I didnt like the tripple top so I took my small profit and ran!

Got about 25 pips, small, but better than a loss, and I have to pop out now so couldnt sit and watch anymore.
since aussie session cable moved 200+ pips so far, in a well defined range

just like a ping pong game
  • #203,116
  • Mar 3, 2010 7:43am Mar 3, 2010 7:43am
Quoting forexlion
since aussie session cable moved 200+ pips so far, in a well defined range

just like a ping pong game
Forgive me, I must bow to your superiority. I imagine you've made a killing today. Well done you! 5 stars!
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  • #203,117
  • Mar 3, 2010 7:46am Mar 3, 2010 7:46am
1 hour macd

indicator attached
Attached File(s)
File Type: ex4 macd_custom.ex4   2 KB | 261 downloads
  • #203,118
  • Mar 3, 2010 7:50am Mar 3, 2010 7:50am
Quoting PipSqueeze
Forgive me, I must bow to your superiority. I imagine you've made a killing today. Well done you! 5 stars!
even i make mistakes at times

but when i am angry i make the most pips
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 19 KB
  • #203,119
  • Mar 3, 2010 8:41am Mar 3, 2010 8:41am
Looks like GU already formed a solid base at 1.5045 - 1.5055 waiting for it to push further up up to 1.51xx.
  • #203,120
  • Mar 3, 2010 8:55am Mar 3, 2010 8:55am
Quoting Pyramus
Looks like GU already formed a solid base at 1.5045 - 1.5055 waiting for it to push further up up to 1.51xx.

Alternately you can see a nice wedge formation waiting to breakon the 15m...

Attached Image (click to enlarge)
Click to Enlarge Name: daily cable 4mar.gif Size: 28 KB
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