Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#243,741
Aug 6, 2010 3:17am Aug 6, 2010 3:17am

GlobalMacro
Joined Mar 2008 | Status: Taking Care Of Business | 5,587 Posts

Quoting uksnowman

Disliked

Happy Friday too. Nice analysis there. My chart looks very different but I think the end result could be the same. The area I shaded as a potential test (1.5560-5570) does actually go back a long time but I didn't show it on the chart.

Ignored

I think you mean good NFP...but I get your point....for that to happen lower range lows need be broken and the breaks defended afterwards...

Hear the music before the song is over ...

#243,742
Aug 6, 2010 3:24am Aug 6, 2010 3:24am

jimmyloz
| Commercial User | Joined Mar 2010 | 58 Posts

http://nsa16.casimages.com/img/2010/...3524115073.jpg

http://nsa17.casimages.com/img/2010/...4600218036.jpg

http://nsa17.casimages.com/img/2010/...5956420942.jpg

other analysis on my blog http://foxtrade-foxtrade.blogspot.com/

#243,743
Aug 6, 2010 3:30am Aug 6, 2010 3:30am

HowieTrader
| Joined Jul 2010 | Status: Trader | 115 Posts

TGIF...

My long got closed @ 1.58949 and now is still indecisive to enter the market, you know, it's friday...

Testing new low today?

#243,744
Aug 6, 2010 3:31am Aug 6, 2010 3:31am

mouse09
| Joined Mar 2009 | Status: 2009: be patient; 2022: be robot | 102 Posts

Quoting mouse09

Disliked

hm, +19 pips
moved s/l to 1.5881

p.s.
right now I cant to see my aim
but I already know that current order will not be in lose.

somebody may say than it's better to take 19 pips than 0 pips
so, may be. let's wait one more hour.

Ignored

it's a pity, but catched stop loss

so, 0 pips for today while

#243,745
Aug 6, 2010 3:35am Aug 6, 2010 3:35am

forexlion
| Additional Username | Joined Sep 2009 | 8,623 Posts

dunno why someone should catch longs when

http://img405.imageshack.us/img405/817/47473954.gif

#243,746
Aug 6, 2010 3:36am Aug 6, 2010 3:36am

Makeveli
| Joined Apr 2010 | Status: Trader | 74 Posts

bad set of numbers looks like down we go , we could have 1 of those crazy fridays if the nfp numbers r bad too.

#243,747
Aug 6, 2010 3:43am Aug 6, 2010 3:43am

uksnowman
| Joined Feb 2009 | Status: Trader | 906 Posts

Quoting GlobalMacro

Disliked

I think you mean good NFP...but I get your point....for that to happen lower range lows need be broken and the breaks defended afterwards...

Ignored

yes that's the one I meant

#243,748
Aug 6, 2010 3:45am Aug 6, 2010 3:45am

bbmac
Joined Jul 2007 | Status: Trader | 5,392 Posts

Re prev posts Nfp etc...good points Gamma and AMS - thanks.

bad numbers from Uk and knee-jerk sell £ aids a sell-off that had begun from the potential 1hr resistance zone shown below...the set-up was a 5min bearish divergence based with dark cloud cover trigger

G/L

Attached Image (click to enlarge)

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Attached Image

ex member

#243,749
Aug 6, 2010 3:45am Aug 6, 2010 3:45am

Magic Hat
| Joined May 2010 | Status: Trader | 68 Posts

Quoting forexlion

Disliked

dunno why someone should catch longs when

http://img405.imageshack.us/img405/817/47473954.gif

Ignored

Exactly. Guys, I'm certainly no expert but even I can see that we've been bouncing between 5920 (top) and 5820 (bottom) with some resistance at 5860 (the middle) for more than 24hrs. Now, why would you want to go long at 5890? You potentially had 30 pip gain versus 70 pip loss.

3:7...not the greatest odds in the world.

If you want to go long, either buy when we are at the bottom and price is indicating another bounce, or wait until we go through 5920. Simples.

#243,750
Aug 6, 2010 3:46am Aug 6, 2010 3:46am

wormboy
Joined Jan 2009 | Status: Not bothered. | 18,084 Posts

pow! right in the kisser!

great to be able to scalp today!!

Attached Image (click to enlarge)

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Name: gu.png
Size: 51 KB

Thank You

#243,751
Aug 6, 2010 3:49am Aug 6, 2010 3:49am

bbmac
Joined Jul 2007 | Status: Trader | 5,392 Posts

Only time will tell how important these 3 fib clusters are if tested and if they hold or break (ie if the 5968 Hi remains intact to which the various fibs are plotted.) NFP later so anything can happen, more than usual-lol!!

5767-58
5648-43
5583-65

G/L

ex member

#243,752
Edited 3:50am Aug 6, 2010 3:49am | Edited 3:50am

grashid
| Commercial User | Joined Oct 2008 | 5,712 Posts

Quoting wormboy

Disliked

pow! right in the kisser!
great to be able to scalp today!!

Ignored

uiks UMNO

#243,753
Aug 6, 2010 3:52am Aug 6, 2010 3:52am

wormboy
Joined Jan 2009 | Status: Not bothered. | 18,084 Posts

Quoting grashid

Disliked

uiks UMNO

Ignored

hidup UMNO!! hidup MELAYU!!
ok dah, satni kena ban plak aku.

Attached Image

Thank You

#243,754
Aug 6, 2010 3:54am Aug 6, 2010 3:54am

grashid
| Commercial User | Joined Oct 2008 | 5,712 Posts

Quoting wormboy

Disliked

hidup UMNO!! hidup MELAYU!!
ok dah, satni kena ban plak aku.

Ignored

...

#243,755
Aug 6, 2010 3:56am Aug 6, 2010 3:56am

AdrianHNV
| Joined Jul 2010 | Status: Trader | 806 Posts

Lets face it folks, it really doesn't matter what the figures for the updates say.
It never has and it never will. All we need to do it too follow the price! And try and trade around it too our advantages. Either short or long.
Some will make $$$ and some will unfortunately loose $$$.

Hoping everyone has a safe and successful day'.
Me personally, well unless it goes back up-to 5964

, I'm screwed.

Made the one mistake I shouldn't have whilst trading, took my eye's off the comp and put in for a long trade when it should have been a short one, won't do that again hopefully.