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Cable Update (GBPUSD)

  • #256,861
  • Sep 29, 2010 2:31am Sep 29, 2010 2:31am
Asia and Early london carrying on the recovery from y/day's 5718 Lo before supply hits the market @ 5875...eurusd making new highs, cable struggling....the current 1hr screenshot as I see it is below. Uk data at 0930am Uk time.

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: z.gif Size: 14 KB
ex member
  • #256,862
  • Sep 29, 2010 2:33am Sep 29, 2010 2:33am
gu still pushing hard to break this line

daily chart
http://img39.imageshack.us/img39/2727/gustop.jpg
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  • #256,863
  • Sep 29, 2010 2:33am Sep 29, 2010 2:33am
Quoting Dayboy001
I hold up my hands and have to admit I didn't see that coming, just saw my +37pip disapear quicker than it arrived !!

Still hopeful the way EUR/USD is climbing though.
It has to go down to come back up........... Or it has to go up to come down
  • #256,864
  • Sep 29, 2010 2:39am Sep 29, 2010 2:39am
I think the pair need some strong good GBP data, to get the last litlle boost to break new highes. Any thoughts on that?
  • #256,865
  • Sep 29, 2010 2:49am Sep 29, 2010 2:49am
Strongly bearish 4h pin on Gold! I asume that will affect this pair and the USD in general for some hours now.
  • #256,866
  • Sep 29, 2010 2:52am Sep 29, 2010 2:52am
Where do you see 4h pin on gold? or you are talking about current which will close for another 2 hours?

Quoting Sunsi
Strongly bearish 4h pin on Gold! I asume that will affect this pair and the USD in general for some hours now.
  • #256,867
  • Sep 29, 2010 2:52am Sep 29, 2010 2:52am
bought first pos. at 1.5813,
will add if go lower, but hope dp holds and then up again
  • #256,868
  • Sep 29, 2010 2:53am Sep 29, 2010 2:53am
Buying off the dp here. Let's see how this goes.
Thank You
  • #256,869
  • Sep 29, 2010 2:53am Sep 29, 2010 2:53am
Quoting Sunsi
I think the pair need some strong good GBP data, to get the last litlle boost to break new highes. Any thoughts on that?
im also hope fr that one...still holding buy, but with a limited equity rite now..
  • #256,870
  • Sep 29, 2010 2:54am Sep 29, 2010 2:54am
Quoting hiroki
the cable will down below 1.5756 before it exceed 1.5880, it is what i think
i'm not sure if it will come to that target ,maybe not, but hope it can.
  • #256,871
  • Sep 29, 2010 2:54am Sep 29, 2010 2:54am
http://fc07.deviantart.com/fs19/f/20...ng_by_luve.jpg
  • #256,872
  • Sep 29, 2010 2:56am Sep 29, 2010 2:56am
Quoting wormboy
Buying off the dp here. Let's see how this goes.
Hey wormie,

welcome back to crackforexhouse,
good to see you in the same boat,

have a nice trading day
  • #256,873
  • Sep 29, 2010 2:56am Sep 29, 2010 2:56am
Quoting wormboy
Buying off the dp here. Let's see how this goes.

Arggh !!!

I had a buy order @ 1.5810 that never got hit !!!
  • #256,874
  • Sep 29, 2010 2:57am Sep 29, 2010 2:57am
Quoting hiroki
i'm not sure if it will come to that target ,maybe not, but hope it can.

High = 1.5874 ---> STOP

Low = 1.5797 ---> 1.56 ---> 1.55 ---> 1.54-->1.53 -->1.52-->1.51-->1.5-->1.49
  • #256,875
  • Sep 29, 2010 2:57am Sep 29, 2010 2:57am
some demand being seen in the previous 1hr swing hi zone (= prev res = potential rbs) shown below...presently...big drop from 5875 current intraday Hi...how much demand is there here?

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: z.gif Size: 15 KB
ex member
  • #256,876
  • Sep 29, 2010 2:59am Sep 29, 2010 2:59am
Quoting MisterTrader
Short 1.5858. Target sub 1.5718.
Sterling Falls To 4 Month Low Vs. Euro At GBP0.8604 - EBS
________________________________ Errare humanum est
  • #256,877
  • Sep 29, 2010 3:00am Sep 29, 2010 3:00am
people buy and hold the gbp/usd... time for sell it and make the money liquid hehehe
  • #256,878
  • Sep 29, 2010 3:00am Sep 29, 2010 3:00am
A major price reversal patern is found in gbpusd. sell between 1.5840 and 1.5820. take partial profits and hold shorts if daily candle close bearish!

happy trading!
  • #256,879
  • Sep 29, 2010 3:01am Sep 29, 2010 3:01am
Quoting dag777
Hey wormie,

welcome back to crackforexhouse,
good to see you in the same boat,

have a nice trading day
hi dag thanks

good luck to you too my friend
Thank You
  • #256,880
  • Sep 29, 2010 3:02am Sep 29, 2010 3:02am
Quoting Dayboy001
Arggh !!!

I had a buy order @ 1.5810 that never got hit !!!
you'll get another crack at it methinks. don't worry
Thank You
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