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Cable Update (GBPUSD)

  • #242,581
  • Aug 3, 2010 3:37am Aug 3, 2010 3:37am
Quoting OldReigatian
I will start to short at 1.5960 and then load up every 40 pips therein I will set my tp on 40pips which gives me three attempts and an opportunity to break even if it goes to the third tranche of shorting (ie 1.5960, 1.60, 1.6040 back to 1.60, close all three trades no loss)
Out for 35 pips.
  • #242,582
  • Aug 3, 2010 3:37am Aug 3, 2010 3:37am
Construction PMI comes at 54.1 missing expectation and weakening from previous month of 58.4
No Need 2 Say Good Bye...!!!
  • #242,583
  • Aug 3, 2010 3:38am Aug 3, 2010 3:38am
Quoting subterfuge
long 1.5948
Never in my life seen such a strong upmove/trend on cable.
last year move was double then that in 1 week Gu moved up 1400 points without correction

Ub
  • #242,584
  • Aug 3, 2010 3:38am Aug 3, 2010 3:38am
Weaker than expected Uk CIPS data helps the move off previously mentioned 61.8% 7044-4229 with Daily R1 pivot there also..Monthly R1 pivot just above...

1min and 5min gave a good 'reversal/pullback' set-up...bearish div based...
5min shown below...

G/L
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ex member
  • #242,585
  • Aug 3, 2010 3:41am Aug 3, 2010 3:41am
Quoting subterfuge
long 1.5948
Never in my life seen such a strong upmove/trend on cable.
You haven't traded in 2003 either.
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  • #242,586
  • Aug 3, 2010 3:45am Aug 3, 2010 3:45am
it was nice when 4hr chart line change a direction later. Let see
GELORE
  • #242,587
  • Aug 3, 2010 3:52am Aug 3, 2010 3:52am
buy here good
Quoting forexlion
just put ema 13 on your daily chart nd keep collecting
We cannot direct the winds but we can adjust our sail.
  • #242,588
  • Aug 3, 2010 3:52am Aug 3, 2010 3:52am
thnx lion , what settings should i keep the other ema's? or ma's?
  • #242,589
  • Aug 3, 2010 3:52am Aug 3, 2010 3:52am
isnt it was a nice morning star
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Verily, in every difficulties there is relief
  • #242,590
  • Aug 3, 2010 3:53am Aug 3, 2010 3:53am
If cable stays below 1.5940 at the the top of the hour, then it will fall.
  • #242,591
  • Aug 3, 2010 3:54am Aug 3, 2010 3:54am
We’re presently at 1.5920, slightly off earlier session high 1.5963. The 1.5950/00 area could prove tough sledding for the cable bulls despite the current strong anti dollar sentiment . Interestingly I heard reports a large US hedge fund sold cable once it got over 1.5920 the first time. They’re known as longer-term players. ~4XL

JD
It's Easy To Get In;.. It's Hard To Get Out
  • #242,592
  • Aug 3, 2010 3:54am Aug 3, 2010 3:54am
Quoting primzvicious
isnt it was a nice morning star
evening star bro
Thank You
  • #242,593
  • Aug 3, 2010 3:56am Aug 3, 2010 3:56am
Quoting wormboy
evening star bro
Verily, in every difficulties there is relief
  • #242,594
  • Aug 3, 2010 3:57am Aug 3, 2010 3:57am
long again 1.5906
  • #242,595
  • Aug 3, 2010 3:59am Aug 3, 2010 3:59am
Quoting LetsTrade
If cable stays below 1.5940 at the the top of the hour, then it will fall.
congratulations, you are the only market participant that knows absolutely what will happen next to price - lol !!

There is bearish div on 1hr but I am sure it has caught a lot out for extended short targets in the run up.
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ex member
  • #242,596
  • Aug 3, 2010 4:02am Aug 3, 2010 4:02am
Quoting bbmac
congratulations, you are the only market participant that knows absolutely what will happen next to price - lol !!
  • #242,597
  • Aug 3, 2010 4:06am Aug 3, 2010 4:06am
newsfeeds reporting that 'large' U.s hedge fund selling £$ on breeches above 5920.
ex member
  • #242,598
  • Aug 3, 2010 4:11am Aug 3, 2010 4:11am
Quoting bbmac
newsfeeds reporting that 'large' U.s hedge fund selling £$ on breeches above 5920.
Damn....WB bro...how do they get hold of your position info?
Hear the music before the song is over ...
  • #242,599
  • Aug 3, 2010 4:13am Aug 3, 2010 4:13am
Quoting bbmac
congratulations, you are the only market participant that knows absolutely what will happen next to price - lol !!

There is bearish div on 1hr but I am sure it has caught a lot out for extended short targets in the run up.
Next to price will happen another price or the same price or a gap. The question is what will happen next hour
  • #242,600
  • Aug 3, 2010 4:15am Aug 3, 2010 4:15am
Hi,
I think that we may have a huge correction on the cable today.
Below 1,5750 is possible.
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