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Cable Update (GBPUSD)

  • #249,761
  • Aug 30, 2010 4:25am Aug 30, 2010 4:25am
Quoting fxoxford
im long at 1.5515, s/l 1.5450, t/p 1.5715. good luck to all
good luck to all short or long
  • #249,762
  • Aug 30, 2010 4:29am Aug 30, 2010 4:29am
Morning all - happy UK bank holiday...I should really be outside enjoying the sunshine (summer not over yet!).

Anyhoo had a quick look at my charts. Currently flat. Looking at resistance around 5599 which was last week's high...also have trend line on h4 from highs on 16th, 17th, 18th and 19th August which comes into play at 5599.

If we break that, will look to go bullish to 567x (Daily R3, 38.2% retrace from 599x and high on 19th August). If we don't break resistance, will go bearish back down to 550x which is where the daily and weekly pivots are.

Fibre down for the day so leaning towards Cable rejection of 5599 and back down to 5500...would fit in with current consolidation we have been seeing recently. However will let price show the way.
  • #249,763
  • Aug 30, 2010 4:30am Aug 30, 2010 4:30am
Quoting iqyu5an



rgds,
iqyu
http://www.forexfactory.com/showpost...&postcount=639

great analysis my friend.. u deserve a vouche..u got mine
  • #249,764
  • Aug 30, 2010 4:44am Aug 30, 2010 4:44am

Long GU long ... personal income data will bring GU



UPWARDS !!!!

Peace And Quite Is Utterly Malapropos Of My Departure . . .
  • #249,765
  • Aug 30, 2010 4:45am Aug 30, 2010 4:45am
Someone should be collecting from this flag. Anticipating this since last week.
Too bad wasn't around to catch it.
Attached Image (click to enlarge)
Click to Enlarge Name: 30augflag.gif Size: 16 KB
  • #249,766
  • Aug 30, 2010 4:53am Aug 30, 2010 4:53am
This whole thread is turning into something like where politicians are canvassing for votes. . . Vote Bull he's such a nicely horned guy. . . Vote Bear he'll never disappoint you with his monstrous paws.
What's ma chart doin' baby!

Peace to all!
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #249,767
  • Aug 30, 2010 4:56am Aug 30, 2010 4:56am
Moved over to the crosses, looks like I'll print enough $$ for a day. G.Cad, G.Aud, E.Aud, G.Chf. Let's go for them baby

Holla for peace!
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #249,768
  • Aug 30, 2010 5:23am Aug 30, 2010 5:23am
Quoting Vegapunk

Long GU long ... personal income data will bring GU



UPWARDS !!!!

Personal income data is low impact news. I don't see it will influence gu price that much.
  • #249,769
  • Aug 30, 2010 5:34am Aug 30, 2010 5:34am
Thirty-five minutes and no post on GU thread on a trading day. This is serious. Are the bulls and bears now casting dice?
Attached Image
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #249,770
  • Aug 30, 2010 5:34am Aug 30, 2010 5:34am
short position taken at 5558, I will prefer to grill some bull balls, 5558 was a resistance turned support, which broke through. 5580 was the max top for my strategy on daily, which is bearish to me.
  • #249,771
  • Aug 30, 2010 5:43am Aug 30, 2010 5:43am
Quoting hindustani
short position taken at 5558, I will prefer to grill some bull balls, 5558 was a resistance turned support, which broke through. 5580 was the max top for my strategy on daily, which is bearish to me.
Good idea.
I just saw in another thread where someone has partitioned the Fib to 19.1, 14.6, 7.6, and many other funny numbers just to prove GU is going up. I'll enjoy this whole drama.

Peace!
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #249,772
  • Aug 30, 2010 5:51am Aug 30, 2010 5:51am
Quoting Precap2
Good idea.
I just saw in another thread where someone has partitioned the Fib to 19.1, 14.6, 7.6, and many other funny numbers just to prove GU is going up. I'll enjoy this whole drama.

Peace!
fibs have only 2 levels of importance. 38.2% which is supposed to be a bounce level and 61.8% which is supposed to be an optimal target. any other level is just making yourself happy.
  • #249,773
  • Aug 30, 2010 5:54am Aug 30, 2010 5:54am
at 5548 cable just touched the ascending trend line on 15 minute
  • #249,774
  • Aug 30, 2010 5:59am Aug 30, 2010 5:59am
Quoting hindustani
fibs have only 2 levels of importance. 38.2% which is supposed to be a bounce level and 61.8% which is supposed to be an optimal target. any other level is just making yourself happy.
a very simple example is your own body, you will never find anything other that these 2 levels while calculating lengths.

digit of finger to full finger, finger to length of hand, hand to length till elbow, till elbow to full hand till shoulder.

or any other measurement

http://www.goldennumber.net/hand.htm
  • #249,775
  • Aug 30, 2010 6:04am Aug 30, 2010 6:04am
top 5596 to low 5371, 38.2% was 5510, and we just kissed it, using daily fractals
  • #249,776
  • Aug 30, 2010 6:07am Aug 30, 2010 6:07am
Quoting hindustani
at 5548 cable just touched the ascending trend line on 15 minute
my short got stopped out +3.3 pips , i can buy 1 ground nut seed I guess
  • #249,777
  • Aug 30, 2010 6:16am Aug 30, 2010 6:16am
Quoting hindustani
my short got stopped out +3.3 pips , i can buy 1 ground nut seed I guess
Tight stop is always too tight. Go get some peanut for thyself baby.

Peace!
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #249,778
  • Aug 30, 2010 6:19am Aug 30, 2010 6:19am
Quoting hindustani
my short got stopped out +3.3 pips , i can buy 1 ground nut seed I guess
Just re-entered your short, only this time I keep the pips and not thee

Holla there!
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #249,779
  • Aug 30, 2010 6:30am Aug 30, 2010 6:30am
look this is not right when the Bee says go loooooooooooooong that is what your supposed to do, not go short

That's my play for later on today
  • #249,780
  • Aug 30, 2010 6:45am Aug 30, 2010 6:45am
Quoting AdrianHNV
look this is not right when the Bee says go loooooooooooooong that is what your supposed to do, not go short

That's my play for later on today
the bee has gone on an extended vacation

http://img266.imageshack.us/img266/5549/78143365.jpg
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