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Cable Update (GBPUSD)

  • #204,761
  • Mar 10, 2010 3:29am Mar 10, 2010 3:29am
Quoting cloggie
We are at a position of profit taking here for the early morning traders and are getting ready for a further trip south. IF 4934 holds we can expect a further move south.
profit taking? early morning trader?? you mean this market being moved by scalper?
I will be the number one Manager.
  • #204,762
  • Mar 10, 2010 3:31am Mar 10, 2010 3:31am
Another day of rubbish figures from the UK, down we go.
  • #204,763
  • Mar 10, 2010 3:31am Mar 10, 2010 3:31am
whatever news was announced at 1930 my time had an effect
BE THE BEST YOU CAN BE AND BE IT TODAY
  • #204,764
  • Mar 10, 2010 3:33am Mar 10, 2010 3:33am
Quoting javapips
profit taking? early morning trader?? you mean this market being moved by scalper?

There was a downward channel from about 0700 GMT with a good bounce of support as profit was taken of the table. Nothing to do with scalping unless you call a bounce after a 3 hour trade channel a scalp.
  • #204,765
  • Mar 10, 2010 3:33am Mar 10, 2010 3:33am
Please fasten your seat belt , here we go again ! Deep south ...
  • #204,766
  • Mar 10, 2010 3:33am Mar 10, 2010 3:33am
Quoting Jns
what ever news came out moved it

Absolute rubbish manufacturing production numbers.
  • #204,767
  • Mar 10, 2010 3:33am Mar 10, 2010 3:33am
Quoting cloggie
Looks like your long is giving you some pips here, I am waiting for a further bounce to reenter my shorts. I am looking to see how the 25ma holds on the M30.

Fibre is at the Pivot, let's see how that plays
Yup .. booked partial before the data:
1. http://www.forexfactory.com/showpost...postcount=5306

Remaining trade however is under threat
Thank You
  • #204,768
  • Mar 10, 2010 3:35am Mar 10, 2010 3:35am
Quoting wormboy
Yup .. booked partial before the data:
1. http://www.forexfactory.com/showpost...postcount=5306

Remaining trade however is under threat

That is two days now of rubbish data from the UK.
  • #204,769
  • Mar 10, 2010 3:36am Mar 10, 2010 3:36am
Crazy cable !
  • #204,770
  • Edited 3:51am Mar 10, 2010 3:40am | Edited 3:51am
Got a daily pivot S1 @ 1.489.

Cable just touched it and bounced back up a bit, but with the data pretty horrible, i don't expect it to hold.

Next pivot support @ 1.4844 on my chart.
  • #204,771
  • Mar 10, 2010 3:42am Mar 10, 2010 3:42am
good night all
BE THE BEST YOU CAN BE AND BE IT TODAY
  • #204,772
  • Mar 10, 2010 3:43am Mar 10, 2010 3:43am
Quoting Jns
good night all
Good morning pal !
  • #204,773
  • Mar 10, 2010 3:43am Mar 10, 2010 3:43am
Poor set of figures for UK but 1.4987 holds it up again, wonder if we'll get another strong bounce?
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  • #204,774
  • Mar 10, 2010 3:44am Mar 10, 2010 3:44am
Quoting crak0
Got a daily pivot @ 1.489.

Cable just touched it and bounced back up a bit, but with the data pretty horrible, i don't expect it to hold.

Next pivot @ 1.4844 on my chart.
daily pivot at .489?? my indi shows DP at .4955
  • #204,775
  • Mar 10, 2010 3:47am Mar 10, 2010 3:47am
Quoting Jns
Thanks I wish I can get it right so would you have taken the doji on the retracement @ 1.4910? for another move down?
NOT Every DOJI, you have taken ENTER or TAKE.
Need Confirm with 2 Candle / 3 Candle another SIGN, it's need Learn & Experience !

Btw... Another INDI's like STOCH / MACD / RSI etc...
Can HELP you to make FINAL Choice

Today, I'm FLAT... need REFRESHING !
Because YERTERDAY... SOROS Inv. made me
Always looking the GREAT, never left GOOD Point...
  • #204,776
  • Mar 10, 2010 3:51am Mar 10, 2010 3:51am
Quoting 4xmajkel
daily pivot at .489?? my indi shows DP at .4955
Aye.. whoops.. mistyped that... I'll fix up the earlier post...

what I meant was..

DP - 1.4998
S1 - 1.4952
S2 - 1.489

The pivot forumla I'm using (H + L + C)/3
  • #204,777
  • Mar 10, 2010 4:01am Mar 10, 2010 4:01am
Nice little bounce of 4887, getting ready for a further move south. Need to get through 4887 convincingly this time.
  • #204,778
  • Mar 10, 2010 4:03am Mar 10, 2010 4:03am
Yep, i don't it'll break it just yet, I think we're in for a move to the long side. I'm gonna take a small 1% risk on a long.

1.4895 with SL at 1.4880 and TP 1.4925.
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  • #204,779
  • Mar 10, 2010 4:04am Mar 10, 2010 4:04am
Quoting PipSqueeze
Yep, i don't it'll break it just yet, I think we're in for a move to the long side. I'm gonna take a small 1% risk on a long.

1.4895 with SL at 1.4880 and TP 1.4925.

I have added to my shorts.
  • #204,780
  • Mar 10, 2010 4:04am Mar 10, 2010 4:04am
Quoting crak0
Aye.. whoops.. mistyped that... I'll fix up the earlier post...

what I meant was..

DP - 1.4998
S1 - 1.4952
S2 - 1.489

The pivot forumla I'm using (H + L + C)/3
All depends on what close you're using.

My DP is same as yours and I'm using NY.
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