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Cable Update (GBPUSD)

  • #243,881
  • Aug 6, 2010 7:51am Aug 6, 2010 7:51am
Is this the kind of breakout you meant cloggie?

Keep adding according to the boxes?
  • #243,882
  • Aug 6, 2010 7:52am Aug 6, 2010 7:52am
decision time!
Attached Image (click to enlarge)
Click to Enlarge Name: gu3.png Size: 31 KB
Thank You
  • #243,883
  • Aug 6, 2010 7:57am Aug 6, 2010 7:57am
Quoting cloggie
IF we get a good close above 5904-ish the retrace here is doomed and we are going to see if they still have an option barrier at 5960-ish.

Done, easy money. I am not going to wait for those last few pips. Let's see the barrier play now. This is where the big boys decide where we go from here, I will let them make up their mind and join them later.
  • #243,884
  • Aug 6, 2010 7:57am Aug 6, 2010 7:57am
seriously though, it should pullback (at some point) !?
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  • #243,885
  • Aug 6, 2010 7:58am Aug 6, 2010 7:58am
Quoting bbmac
seriously though, it should pullback !?

We had some option barriers here earlier in the week, let's see how bad they still want them.
  • #243,886
  • Aug 6, 2010 7:59am Aug 6, 2010 7:59am
can someone explain box trading method or point me to the link please

thanks
  • #243,887
  • Aug 6, 2010 8:01am Aug 6, 2010 8:01am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Gold has gone mental..I love it... up quite a bit :-)



ta
ams

Quoting ams
Alrite, profit cash'd on GJ 100 pips @ 137...pending for gold...expecting 1200....

Nice free ride in the last 2 days on EU,GU,GJ each 100 pips..might be on gold as well for 8 points...

I would love to see a positive NFP!!

ta
ams
  • #243,888
  • Aug 6, 2010 8:01am Aug 6, 2010 8:01am
Quote
Originally Posted by cloggie http://cdn.forexfactory.com/images/buttons/viewpost.gif
IF we get a good close above 5904-ish the retrace here is doomed and we are going to see if they still have an option barrier at 5960-ish.




Quoting cloggie
Done, easy money. I am not going to wait for those last few pips. Let's see the barrier play now. This is where the big boys decide where we go from here, I will let them make up their mind and join them later.
You just answered my question .. I was wondering if there was a way to get into this move since it shows no sign of retracing .. you said it above but I didn't interpret it correctly. Guess you were also talking about the 5 min timeframe, right?
******************* I'd rather make money than be right.
  • #243,889
  • Aug 6, 2010 8:02am Aug 6, 2010 8:02am
Quoting wormboy
decision time!
http://img839.imageshack.us/img839/8...9gcqiqrpqy.jpg
  • #243,890
  • Aug 6, 2010 8:03am Aug 6, 2010 8:03am
I still have a lot lot lot to learn
******************* I'd rather make money than be right.
  • #243,891
  • Aug 6, 2010 8:03am Aug 6, 2010 8:03am
Quoting 4xStar
You just answered my question .. I was wondering if there was a way to get into this move since it shows no sign of retracing .. you said it above but I didn't interpret it correctly. Guess you were also talking about the 5 min timeframe, right?

Yup. 5960-ish had been protected all week, the fundy play was easy to set up here, cr@p numbers, cr@p revision, private sector less then forecast, public down by 200, 5904 was the key 5960 the target, it stalled at 5949 on a spinner. Job done. This was one of the easier NFP plays. The range and earlier topside play helped getting the direction and target just about spot on.
  • #243,892
  • Aug 6, 2010 8:04am Aug 6, 2010 8:04am
Quoting 4xStar
You just answered my question .. I was wondering if there was a way to get into this move since it shows no sign of retracing .. you said it above but I didn't interpret it correctly. Guess you were also talking about the 5 min timeframe, right?
http://img153.imageshack.us/img153/9239/33594358.gif
  • #243,893
  • Aug 6, 2010 8:07am Aug 6, 2010 8:07am
Quoting cloggie
Yup. 5960-ish had been protected all week, the fundy play was easy to set up here, cr@p numbers, cr@p revision, private sector less then forecast, public down by 200, 5604 was the key 5960 the target, it stalled at 5949 on a spinner. Job done. This was one of the easier NFP plays. The range and earlier topside play helped getting the direction and target just about spot on.
I don't get the 5904 number .. that may be what threw me off .. I see 5917 as maybe key as it was London high .. but why 5604?
******************* I'd rather make money than be right.
  • #243,894
  • Aug 6, 2010 8:08am Aug 6, 2010 8:08am
Quoting wormboy
decision time!
here it comes
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Click to Enlarge Name: gu3a.png Size: 31 KB
Thank You
  • #243,895
  • Aug 6, 2010 8:08am Aug 6, 2010 8:08am
Quoting mouse09
so, buy again from 1.5879
s/l 1.5865
dont worry be happy now!

this *** eated my s/l 14 pips ))
then i bought again at 5880
took 60 pips

thank you NFP )

right now I see bull flag on H4
  • #243,896
  • Aug 6, 2010 8:08am Aug 6, 2010 8:08am
Quoting 4xStar
I don't get the 5604 number .. that may be what threw me off .. I see 5917 as maybe key as it was London high .. but why 5604?

5904 sorry, scroll back on your hourly and H4.
  • #243,897
  • Aug 6, 2010 8:09am Aug 6, 2010 8:09am
Quoting wormboy
here it comes

Yup, the barrier is still there. Let's see how deep their pockets are.
  • #243,898
  • Aug 6, 2010 8:11am Aug 6, 2010 8:11am
Quoting wormboy
here it comes
http://img686.imageshack.us/img686/1...9gctubkrwr.jpg
  • #243,899
  • Aug 6, 2010 8:13am Aug 6, 2010 8:13am
Quoting cloggie
5904 sorry, scroll back on your hourly and H4.
I put a horizontal line across 4 h and 60 min charts .. still see nothing in particular about 5904 ... definitely not prior s/r. 5914-17 looks much more relevant....
??
******************* I'd rather make money than be right.
  • #243,900
  • Aug 6, 2010 8:14am Aug 6, 2010 8:14am
support @15917 +50 ema on 1 min
All systems of divination, like music itself,work through patterns.
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