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Cable Update (GBPUSD)

  • #256,941
  • Sep 29, 2010 4:34am Sep 29, 2010 4:34am
Quoting master4forex
GBPUSD closed @ 15805 which was BELOW the open and was within prior day's trading range. The High was 5 pips from Precise Trader's Res Tgt 1 and the Low was 10 pips from Precise Trader's Hrly Level. is suggesting a Choppy Session and the Oscillators are suggesting Bearish but mixed. levels to watch to maintain the Bullish Outlook. The Opening Price Principles are Mixed , so Cautious approach is needed until the Price breaks out of Zone 1 levels.
Please continue to post. Leave the clowns and his fans posting trash and also trying to psych you up. some people appreciate your posts.
  • #256,942
  • Sep 29, 2010 4:34am Sep 29, 2010 4:34am
morning folks
  • #256,943
  • Sep 29, 2010 4:37am Sep 29, 2010 4:37am
Quoting nAVIN2007
morning folks
Morning Nav,

Late night?
  • #256,944
  • Sep 29, 2010 4:39am Sep 29, 2010 4:39am
It seems won't drop...hmm
Any particular news today? I have seen some GBP good data today.
  • #256,945
  • Sep 29, 2010 4:39am Sep 29, 2010 4:39am
Quoting nAVIN2007
morning folks
http://www.littletraveler.com/media/...-papa-bear.jpg
  • #256,946
  • Sep 29, 2010 4:39am Sep 29, 2010 4:39am
Quoting nAVIN2007
morning folks
Hi nAVIN,

you have missed nothing, slow LDN morning
  • #256,947
  • Sep 29, 2010 4:42am Sep 29, 2010 4:42am
My cable signal still says BUY but from analysis.... entry here would be too risky because of the double top on H4.
  • #256,948
  • Sep 29, 2010 4:42am Sep 29, 2010 4:42am
Quoting dag777
Hi nAVIN,

you have missed nothing, slow LDN morning
Hmmmm. I beg to differ. Navin you missed an excellent short from 1.5870 where it again just about touched the top trendline. Good for another 60 pips in the bag.
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  • #256,949
  • Sep 29, 2010 4:46am Sep 29, 2010 4:46am
Quoting Uphios
Hmmmm. I beg to differ. Navin you missed an excellent short from 1.5870 where it again just about touched the top trendline. Good for another 60 pips in the bag.
ok, franky gave a bit you are correct,
congrats to all who have catched it,
but for me no shorts atm, only buy on dips
  • #256,950
  • Sep 29, 2010 4:56am Sep 29, 2010 4:56am
From what I see there is a good support at 200SMA@15MTF. If it holds we will go up. If it brakes I will look for sell oportunities.
  • #256,951
  • Sep 29, 2010 4:56am Sep 29, 2010 4:56am
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...
  • #256,952
  • Sep 29, 2010 4:57am Sep 29, 2010 4:57am
Quoting bbakker
I see that you like feeding the trolls. Nuff said.
Sorry ma'am.
  • #256,953
  • Sep 29, 2010 4:57am Sep 29, 2010 4:57am
Quoting joaogr
From what I see there is a good support at 200SMA@15MTF. If it holds we will go up. If it brakes I will look for sell oportunities.
There goes your answer !!
  • #256,954
  • Sep 29, 2010 4:59am Sep 29, 2010 4:59am
Quoting dag777
Hi nAVIN,

you have missed nothing, slow LDN morning
morning..yup its another slow one alright
this is all about 1.58 holding
  • #256,955
  • Sep 29, 2010 4:59am Sep 29, 2010 4:59am
Selling pressure persists on recovery attempts. Below current price I see a 2 fib cluster 5701/5699, a 4 fib cluster 5685-67 and another 2 fib cluster 5594 (fibs plotted from main 1hr and 4hr swings up to 5895 from and including 5296.)

Markets like this remind me that 'Flat' too is a position and even on a 1min trigger I have only seen 3 x hi probability repeating patterns/set-ups that make up my trading edge, so far this London session... Patience and discipline are required and those that feel they always have to be in the market are probably doomed to fail in the long run...wait for only the highest probability set-ups and seek the most technical confluence you can find...let price come to you, not the other way round.

The current 1hr t/f as I see it in respect of main potential supp/res factors is below...

G/L
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ex member
  • #256,956
  • Sep 29, 2010 4:59am Sep 29, 2010 4:59am
Quoting dag777
ok, franky gave a bit you are correct,
congrats to all who have catched it,
but for me no shorts atm, only buy on dips
Understand your position completely. I have no idea where it goes next and the bulls have been strong. Will they continue?.

I am still stuck with 1 lot short at 1.5550 and playing the triangle where the top is currently 1.5875 ish and the bottom will get me out of my shorts.

Keep placing half a lot long on pullbacks, closing at or near my top trendline and reversing. If that trend line then breaks (convincingly, not like yesterdays) then close the added short and find next levels.

I have to say carrying the 1 lot short position is not for everybody, I have a fat account and not booked a loser in over a year. I work on the basis we will always see the number again.
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  • #256,957
  • Sep 29, 2010 5:02am Sep 29, 2010 5:02am
I wonder if u ladies and gents see anything here??
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  • #256,958
  • Sep 29, 2010 5:05am Sep 29, 2010 5:05am
Quoting nAVIN2007
morning..yup its another slow one alright
this is all about 1.58 holding

same slow like at asian market time this morning
  • #256,959
  • Sep 29, 2010 5:06am Sep 29, 2010 5:06am
Quoting nAVIN2007
I wonder if u ladies and gents see anything here??
Morning Nav

Not really into charting, but I see a slight upswing with a twist to the east.
  • #256,960
  • Sep 29, 2010 5:07am Sep 29, 2010 5:07am
Quoting nAVIN2007
I wonder if u ladies and gents see anything here??
I see an Intermediate expanding Triangle as explained below...it targets the fib extension zone of move 4-5

G/L
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