Cable Update (GBPUSD)

Quoting A-speculator

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I don't encourage piracy but why don't you try to download from torrent? For educational purposes, of course..

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Quoting Crazy-Man

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not btw but always important..

many of hedge fund close their long positions in us dollars..

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Quoting bbakker

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Try copying the file from C:Windows system32 mspaint.exe in Win7 to XP, although I am not sure if it requires any DLLs from Win7. Give it a try!

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Quoting cloggie

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Ah, we may have a breakout to the North in the making here.

BBA, excellent posts with the trendlines.

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Quoting BadTradingFi

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I dont think there is, but I'll try in a bit. I suspect there will be all manner of required DLL's that wont exist in XP. I've got an XP machine here too so I'll copy it and try it.

Any reason you want Win 7 Paint? Loads of free and good packages out there, GIMP is good. Used it a bit myself, it's a free photoshop basically.

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Quoting kill56

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i wanna try to edit my chars in it the paint in xp dos not do a lot

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Quoting BadTradingFi

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Nope doesnt work, mainly because XP application protection puts the right version back on as soon as it tries to run it, and does complain if you try to rename it.

Give this a go though, I've used it in the past and it's pretty good:
http://www.gimp.org/downloads/

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Quoting bbakker

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Bring out the GIMP! Of course this baby originally came from UNIX boys!

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Quoting cloggie

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Long 5370 exactly like last night... TP 54245 SL 53480

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Quoting A-speculator

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I don't think it's a double top, but more into a flat bottom triangle. Typically, flat bottom will break to the downside, but there are times where it break north. So, until clear breakout, cannot assume where the price will go.. Thing is, we only have 2 touches @ the UTL, maybe we will get the third tomorrow and the breakout to either side the day after tomorrow.. I don't expect too much until clear direction.

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Quoting lexazver

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short at 70, stop at 83, small position tight stop target....hmmm..i guess 5340 is initial...but hoping for 1.53

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Quoting bbakker

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I have a wedge, not a flat bottom triangle.

http://www.forexfactory.com/showthre...25#post3635025
http://www.forexfactory.com/showthre...60#post3635060

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Quoting lexazver

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my rational as follows.

1hourly candle close looks weak to me and i placed my stop just above high for that hour. 80s level provides some resistance, actually i moved my stop to 85 I duno why 83 was there originally...

on 15minutes price failed to close above EMA14...

if it doesn't work out, im not really taking big hit its like 0.1% is at risk.

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Quoting A-speculator

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It's doesn't matter mate.. the most important thing is the overall bias. Based on EU, I think it has formed double bottom with divergence. So, I think somehow GU will follow the move, the only difference will be the scales of the move.

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Quoting wormboy

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Also D1 DX had completed a bearish pattern without having today's price getting anywhere close to challenge the major resistance level. DX is back in bearish territory, gives justification to buy the dips on gu & especially eu.
Keep in mind tho, this is the D1 not the H1, so it won't spiral immediately, but it does gives us an idea of the general tone at present.

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Quoting wormboy

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DX gave us a little scare earlier. Well spooked some of us buyers at least, namely me But, the plan stays for the time being since seeing dx got rejected at resistance. No scalps for me this week as I am taking time off away from the charts, so it's just buying the dips. 5300 remains where I deem buying invalid. Time will tell.
Hope everyone is trading well. Good luck.

Earlier chart:
1. http://cdn.forexfactory.com/attachme...9&d=1271113457

Followup below.

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