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Cable Update (GBPUSD)

  • #241,441
  • Jul 28, 2010 5:10am Jul 28, 2010 5:10am
Quoting cloggie
No but the short scalps are just about finished now.
Also recent downbreak of 1.3 by EU might give a hint..
  • #241,442
  • Jul 28, 2010 5:13am Jul 28, 2010 5:13am
salam all..
i going short on cable...
sl above today high..
tp around 100pips..
Revesal Trader
  • #241,443
  • Jul 28, 2010 5:15am Jul 28, 2010 5:15am
Quoting cloggie
No but the short scalps are just about finished now.
What makes you say that? I'm just waiting to scalp up from the ma on 5m
Don't be emo... don't be emo....
  • #241,444
  • Jul 28, 2010 5:19am Jul 28, 2010 5:19am
Evening Star formation is still holding so far....

Attached Image (click to enlarge)
Click to Enlarge Name: h1.gif Size: 28 KB
"Keep your eyes on the helpers" - Mr. Rogers
  • #241,445
  • Jul 28, 2010 5:22am Jul 28, 2010 5:22am
Quoting damonl
Evening Star formation is still holding so far....

Attachment

You don't like the morning star right next to it?
  • #241,446
  • Jul 28, 2010 5:24am Jul 28, 2010 5:24am
Quoting drakes
Cable unsure of where to go...
there's a reason for that. current level is sandwiched between weekly, monthly resistance & the dp. 40 pips between them. One of the reason many of us choose to remain flat till price breaks out from this tight space
Attached Image (click to enlarge)
Click to Enlarge Name: gu4.gif Size: 22 KB
Thank You
  • #241,447
  • Jul 28, 2010 5:25am Jul 28, 2010 5:25am
Finally I can see it:
‘Financial crisis is far from over,’ BoE’s King says http://www.forexfactory.com/news.php?do=news&id=247702
King Foresees 'Considerable' Period Before Rates in U.K. Return to Normal http://www.forexfactory.com/news.php?do=news&id=247713

a little bit late . Thank all of you.
Give me patience
  • #241,448
  • Jul 28, 2010 5:29am Jul 28, 2010 5:29am
Quoting cloggie
You don't like the morning star right next to it?
I would think I will switch directions if it breaks, but who knows if that will happen. Not really a lot of time today for trading, so may cut and run with some semblance of profit.
"Keep your eyes on the helpers" - Mr. Rogers
  • #241,449
  • Jul 28, 2010 5:32am Jul 28, 2010 5:32am
Quoting damonl
I would think I will switch directions if it breaks, but who knows if that will happen. Not really a lot of time today for trading, so may cut and run with some semblance of profit.

I put this chart up last night as my reasoning for closing my longs, we are still at that indecision point I call the coffin corner.
Attached Image (click to enlarge)
Click to Enlarge Name: coffin corner asschart 2.gif Size: 18 KB
  • #241,450
  • Jul 28, 2010 5:33am Jul 28, 2010 5:33am
Quoting Bull_Bear
Sell

1.5524.. SL 1.5590.. TP 1.5350

Heavy divergence on the hourly, strength will fade as weakness kicks in..

Oh sell oppoertunity in the cross pair too EUR/GBP
SL hit...

I have sold again, no time to post chart hit the ff later.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #241,451
  • Jul 28, 2010 5:35am Jul 28, 2010 5:35am
UK House prices will fall over next five years, says Niesr
http://www.forexfactory.com/news.php?do=news&id=247707
Give me patience
  • #241,452
  • Jul 28, 2010 5:37am Jul 28, 2010 5:37am
Here is a snapshot of cable...there is a prominent broadening top forming on M30...
Attached Image (click to enlarge)
Click to Enlarge Name: M30.gif Size: 7 KB
Hear the music before the song is over ...
  • #241,453
  • Jul 28, 2010 5:37am Jul 28, 2010 5:37am
Quoting cloggie
I put this chart up last night as my reasoning for closing my longs, we are still at that indecision point I call the coffin corner.
Nice.. is that your 15M chart?
"Keep your eyes on the helpers" - Mr. Rogers
  • #241,454
  • Jul 28, 2010 5:38am Jul 28, 2010 5:38am
Quoting damonl
Nice.. is that your 15M chart?

H4
  • #241,455
  • Jul 28, 2010 5:39am Jul 28, 2010 5:39am
Mixed picture/sentiment intraday now reflected on the lower t/f's price action...overall 1hr + trend remains up altrhough a L now at current intraday Lo below last HL of 1hr uptrend.

Monetary policy evidence of Uk Boe to TSC finished, now on to financial stability expected to finish around 1130am gmt.

G/L
ex member
  • #241,456
  • Jul 28, 2010 5:47am Jul 28, 2010 5:47am
Quoting cloggie
H4

Wow.. even more significant.
"Keep your eyes on the helpers" - Mr. Rogers
  • #241,457
  • Jul 28, 2010 5:51am Jul 28, 2010 5:51am
Quoting damonl
Wow.. even more significant.

That's why some of our longer term boys are sitting on the fence right now, call it hidden divergence, broadening top, diamond formation, 2 opposing candle patterns on H1, opposing channels on M15/30, MA's, weekly pivots, monthly pivots, whatever floats your boat, we are at decision point and the only trades out there are scalps, unless you got the kahunas to take a punt either way.
  • #241,458
  • Jul 28, 2010 5:52am Jul 28, 2010 5:52am
Quoting cloggie
H4
I'm trying to duplicate that chart but can't see where you started the tl that intersects the coffin corner high ... what date did that line start?
******************* I'd rather make money than be right.
  • #241,459
  • Jul 28, 2010 5:53am Jul 28, 2010 5:53am
Quoting 4xStar
I'm trying to duplicate that chart but can't see where you started the tl that intersects the coffin corner high ... what date did that line start?
8th of June
  • #241,460
  • Jul 28, 2010 5:55am Jul 28, 2010 5:55am
Quoting cloggie
That's why some of our longer term boys are sitting on the fence right now, call it hidden divergence, broadening top, diamond formation, 2 opposing candle patterns on H1, opposing channels on M15/30, MA's, weekly pivots, monthly pivots, whatever floats your boat, we are at decision point and the only trades out there are scalps, unless you got the kahunas to take a punt either way.
I will have to put some monthly pivots on my chart I guess.

But, with that said, I am going to evaluate my open positions here again at the close of the next 4HR bar as I will be out the rest of the day.
"Keep your eyes on the helpers" - Mr. Rogers
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