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Cable Update (GBPUSD)

  • #255,641
  • Sep 24, 2010 1:30am Sep 24, 2010 1:30am
Quoting malcolmb14
gu has lower highs in 30 . with yesterdays poc as support .15660....

breaks that then we could see 5570 to 5540
Roll over was 1.5662ish depending on broker yesterday mal....

Call it what you want, I will take digs term, easier for me to set a clock then to try and figure volume n sales n shit.

LOL
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #255,642
  • Sep 24, 2010 1:32am Sep 24, 2010 1:32am
Quoting malcolmb14
gu has lower highs in 30 . with yesterdays poc as support .15660....

breaks that then we could see 5570 to 5540
large reds are point of control or high volume pivots last 20 trading days

we have 2 x high vol pivots right under us that price is bouncing off , indicated with black line . 1.5660

Days range completed to the pip in london yesterday

Attached Image (click to enlarge)
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  • #255,643
  • Sep 24, 2010 1:33am Sep 24, 2010 1:33am
Quoting Togu
I trade momentum break outs. Lately I mean this month I'm having really bad results. I usually go with tight SL 30-40 and ride the trend with Reward ratio 1:2. I'm losing my confidence -20% of my account. It is pretty normal for me to lose 5 in a row but once getting in with nice break I usually put some $ in my pocket, but it's been like 20-30 trades of losing. Can you believe that? I really didn't do any panic trades though.
1-Relax U will recovering , I C it as chess game u lost one piece but u still have the power to play and win all u need relax ... Watch where r we now... thinking

2-Don't try to win fast and b smarter there are always chances on the market no need to chase it

3-there is some more risk today because today news if u not ready stay sideline for next week

4- there are some good traders here maybe u can check what they c and compare to ur view , If u r on same line great if not dig deeper to see things more clear

5- After all we r in up trend on My Daily and 4h u just need to pick up ur entry and manage ur risk

Hope that help , Wish u great Time to Play... Chess
  • #255,644
  • Sep 24, 2010 1:35am Sep 24, 2010 1:35am
Quoting Magix
Gunna leave cable alone until she makes the break...

Trying a dragon from 200 ema support on the 5.
Look bigger once again my friend and it will all become clear!
Attached Image (click to enlarge)
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Cap
  • #255,645
  • Sep 24, 2010 1:38am Sep 24, 2010 1:38am
Ok everyone GU broke.. now notice how sellers are defending the line!

Dial down to a 5 minute
Cap
  • #255,646
  • Sep 24, 2010 1:40am Sep 24, 2010 1:40am
Quoting The Captain
Look bigger once again my friend and it will all become clear!
Yup...Did the same on EJ and EU....not touching cable right now.
Attached Image (click to enlarge)
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #255,647
  • Sep 24, 2010 1:44am Sep 24, 2010 1:44am
Did BoJ dump another load of Yen on the market in the asian session?Only to have it rapidly bought up?
  • #255,648
  • Sep 24, 2010 1:45am Sep 24, 2010 1:45am
Quoting The Captain
Ok everyone GU broke.. now notice how sellers are defending the line!

Dial down to a 5 minute
Everyone should be on board now from the retest with pips in the bank!
Cap
  • #255,649
  • Sep 24, 2010 1:46am Sep 24, 2010 1:46am
Did any1 get in?
  • #255,650
  • Sep 24, 2010 1:47am Sep 24, 2010 1:47am
Buyers coming in.. close and wait for bigger retest!

Or at least book some profit
Cap
  • #255,651
  • Sep 24, 2010 1:48am Sep 24, 2010 1:48am
4H looks bearish until about 15525.Higher time frames looks like favour longs between that price and 15580...
  • #255,652
  • Sep 24, 2010 1:49am Sep 24, 2010 1:49am
Quoting The Captain
Buyers coming in.. close and wait for bigger retest!

Or at least book some profit
There might be alot of buyers are liquidating their positions. Just an idea
  • #255,653
  • Sep 24, 2010 1:49am Sep 24, 2010 1:49am
4H
Attached Image (click to enlarge)
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  • #255,654
  • Sep 24, 2010 1:51am Sep 24, 2010 1:51am
Coming up for another retest.. 5660 is where the seller should be.,. wait for confirmation! Hopefully she makes it
Cap
  • #255,655
  • Sep 24, 2010 1:52am Sep 24, 2010 1:52am
Long 5644, SL 5578, TP5750

reasons:
touch on 100 EMA
38,8 fibo of yesterdays move
yesterday daily candle creates LLow and HHigh
will add more if 50%fibo (5621) is reached, which will be double bottom
and will add more if 1h candle closes above 5684


happy tradin to all
  • #255,656
  • Sep 24, 2010 1:52am Sep 24, 2010 1:52am
1st trade-going short@15655
  • #255,657
  • Sep 24, 2010 1:55am Sep 24, 2010 1:55am
Quoting egkid
i will Long @1.5680
Not like to c tomorrow ranging between 56 ,57 but Let's C
Catch u tomorrow
My position still in play and I'm not Worry At All (Because MM and have a Plan)
Attached Image
  • #255,658
  • Sep 24, 2010 1:55am Sep 24, 2010 1:55am
looks like we are allways on the other side...

anyway wish you good luck

Quoting chazzle
1st trade-going short@15655
Quoting scurt
Long 5644, SL 5578, TP5750

reasons:
touch on 100 EMA
38,8 fibo of yesterdays move
yesterday daily candle creates LLow and HHigh
will add more if 50%fibo (5621) is reached, which will be double bottom
and will add more if 1h candle closes above 5684


happy tradin to all
  • #255,659
  • Sep 24, 2010 1:55am Sep 24, 2010 1:55am
Quoting chazzle
1st trade-going short@15655
Make sure you have a tight stop on the other side of that trendline!
Cap
  • #255,660
  • Sep 24, 2010 1:58am Sep 24, 2010 1:58am
Maybe GBPUSD is on the the uptrend. We will see it come up soon.
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