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Cable Update (GBPUSD)

  • #256,901
  • Sep 29, 2010 3:25am Sep 29, 2010 3:25am
Bull or bear ...................... Good !

Bad one is you , only and the only !!

Quoting master4forex
http://img534.imageshack.us/img534/729/98831968.jpg
not euphoria follower
  • #256,902
  • Sep 29, 2010 3:25am Sep 29, 2010 3:25am
Quoting scurt
Should I ask everyone who`s take a long position for reasons?

for me is london open 100% bearish,
respected DW TL,
creates still LHigh, and LLow,
news are within 10min and you opening position against daily trend (for now)?
it is end of the month, so there is posibillity that people will jump of the long positions...

and the reason to long is only because of trend?
If you have understood what has been going on in the market the last week and the start of this, USD is very bearish!

You see the Pair is currently at a strongly respected trendline!

Gold starting to look very bullish.

News can very well to be the last boost GBP needs to break to new highes.
And if that last 4h bearish pin is a fake, well it adds to bullish momentum.
  • #256,903
  • Sep 29, 2010 3:25am Sep 29, 2010 3:25am
thank you, make a sence...

Quoting bbmac
cable right at bottom of that previous 1hr swing hi discussed in post aboive,,,right on daily pivot area...below here 76.4% of the 5780-5875 is @ 5802 and below here the unbreeched fibs of the 5718-5875 moive as well as a previous 1hr swing lo zone down to 5780 and of course the previous 1hr/4hr sw hi/lo zone around yesterday's 5718 lows. The ascending 1hr trend line comes through on this hourly candle around 5745/50...one bounce so far from it.

Uk data @ 0930am Uk time.

G/L
Quoting Sunsi
If you have understood what has been going on in the market the last week and the start of this, USD is very bearish!

You see the Pair is currently at a strongly respected trendline!

Gold starting to look very bullish.

News can very well to be the last boost GBP needs to break to new highes.
  • #256,904
  • Sep 29, 2010 3:27am Sep 29, 2010 3:27am
Quoting iqyu5an
Bull or bear ...................... Good !

Bad one is you , only and the only !!
Please don't re-post his posts. Why do you think half of us have him on ignore?
This space intentionally left blank.
  • #256,905
  • Sep 29, 2010 3:27am Sep 29, 2010 3:27am
Get ready for news


GBP Net Lending to Individuals m/m






GBP Final Mortgage Approvals






GBP Index of Services 3m/3m
  • #256,906
  • Sep 29, 2010 3:28am Sep 29, 2010 3:28am
Quoting wormboy
you don't need the xau chart to tell you cable is consolidating & dayboy just bought off the dp. no need to complicate things.
I wasn't sure whether he was telling me it was a good buy or a bad one



have since opened a gold chart and am trying to work it out.

Any help would be gladly accepted.
  • #256,907
  • Sep 29, 2010 3:30am Sep 29, 2010 3:30am
Quoting iqyu5an
Bull or bear ...................... Good !

Bad one is you , only and the only !!

we cannot control the cabel.. but cabel control us
  • #256,908
  • Sep 29, 2010 3:31am Sep 29, 2010 3:31am
Quoting scurt
Should I ask everyone who`s take a long position for reasons?

for me is london open 100% bearish,
respected DW TL,
creates still LHigh, and LLow,
news are within 10min and you opening position against daily trend (for now)?
it is end of the month, so there is posibillity that people will jump of the long positions...

and the reason to long is only because of trend?
depending on what tf you're looking at.
I bought because of a few reasons. The most obvious would be because of the trend. And there's the failure to close below the weekly pvp & monthly primary supp/res level after the drop yesterday. And there is also a small matter of price still failing to negotiate pass the dp. There are bearish signs no doubt, but only on the ltf, the htf still shows that price is still consolidating and that the bullish trend is still very much intact. These bullish reasons so far outweighs the bearish outlook and selling options. Just imo.

Chart below was posted yesterday & the other is current. There is no selling pressure. Good luck
Attached Image(s) (click to enlarge)
Click to Enlarge Name: guh4.gif Size: 21 KB
Click to Enlarge Name: guh4a.gif Size: 21 KB
Thank You
  • #256,909
  • Sep 29, 2010 3:31am Sep 29, 2010 3:31am
Happy with that !!

9:30am GBP Net Lending to Individuals m/m 1.5b Vs 0.5b projected
  • #256,910
  • Sep 29, 2010 3:33am Sep 29, 2010 3:33am
Good news for GBP.
Thoughts on the news? This should be able to give GBP the last boost to go higher.
Thoughts on my thoughts ?
  • #256,911
  • Sep 29, 2010 3:33am Sep 29, 2010 3:33am
Quoting master4forex
High = 1.5874 ---> STOP

Low = 1.5797 ---> 1.56 ---> 1.55 ---> 1.54-->1.53 -->1.52-->1.51-->1.5-->1.49
i only set one target , the next time it need to be analysed again.
  • #256,912
  • Sep 29, 2010 3:33am Sep 29, 2010 3:33am
http://www.bloomberg.com/news/2010-0...t-economy.html

  • #256,913
  • Sep 29, 2010 3:34am Sep 29, 2010 3:34am
Some demand still at confluence of the daily pivot with 76.4% 5780-5875....maybe a minor data reaction also ? Selling pressure persists however at the moment

G/L
ex member
  • #256,914
  • Sep 29, 2010 3:36am Sep 29, 2010 3:36am
Always appreciate your post... thank you

Quoting wormboy
depending on what tf you're looking at.
I bought because of a few reasons. The most obvious would be because of the trend. And there's the failure to close below the weekly pvp & monthly primary supp/res level after the drop yesterday. And there is also a small matter of price still failing to negotiate pass the dp. There are bearish signs no doubt, but only on the ltf, the htf still shows that price is still consolidating and that the bullish trend is still very much intact. These bullish reasons so far outweighs the bearish outlook and selling...
  • #256,915
  • Sep 29, 2010 3:37am Sep 29, 2010 3:37am
Quoting Dayboy001
I wasn't sure whether he was telling me it was a good buy or a bad one



have since opened a gold chart and am trying to work it out.

Any help would be gladly accepted.
just stay with your cable chart bro. buying off the dp is a good enough reason to be in a trade. you really don't want to overcomplicate things
Thank You
  • #256,916
  • Sep 29, 2010 3:39am Sep 29, 2010 3:39am
Hi Wormboy

Thanks for your explanation.The DP is also around the 50% Fib from yest HL range.

I do have a question.On a trade like that where would you look to place a stop and why ?

It looks to me like there is support around 1.5778 so a stop at say 1.5775 would be reasonable ?

Thanks

V
  • #256,917
  • Sep 29, 2010 3:40am Sep 29, 2010 3:40am
Quoting scurt
Always appreciate your post... thank you
you're welcome

okay i'm outta here. Good luck to everyone
Thank You
  • #256,918
  • Sep 29, 2010 3:40am Sep 29, 2010 3:40am
sell limit @1,5835, sl 1,5875; tp 1,5720
  • #256,919
  • Sep 29, 2010 3:41am Sep 29, 2010 3:41am
Hi all,
Your new neighbourhood spidy in here. Agree with worm buy dip but if daily close below 5818, sell is alive
  • #256,920
  • Sep 29, 2010 3:41am Sep 29, 2010 3:41am
Hello

I'm bullish and looking for good level to buy .
IMO before going up we will face few hours of consolidation
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