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Cable Update (GBPUSD)

  • #257,141
  • Sep 30, 2010 12:03am Sep 30, 2010 12:03am
Bearish bat @ 15860 also a popular resistance recently, unless the news propels it through.
  • #257,142
  • Sep 30, 2010 12:11am Sep 30, 2010 12:11am
http://www.forexfactory.com/showpost...&postcount=682

Quoting trending
Bearish bat @ 15860 also a popular resistance recently, unless the news propels it through.
not euphoria follower
  • #257,143
  • Sep 30, 2010 12:26am Sep 30, 2010 12:26am
"Diamond patterns usually form over several months in very active markets."

Quoting Geppy


Implication

A Continuation Diamond (Bullish) is considered a bullish signal, indicating that the current uptrend may continue.

Description

Diamond patterns usually form over several months in very active markets. Volume will remain high during the formation of this pattern. The Continuation Diamond (Bullish) pattern forms because prices create higher highs and lower lows in a broadening pattern. Then the trading range gradually narrows after the highs peak and the lows start trending upward. The technical event occurs when prices...
  • #257,144
  • Sep 30, 2010 12:33am Sep 30, 2010 12:33am
Quoting avalonyu
"Diamond patterns usually form over several months in very active markets."
Yeah, bud... but usually any standard technical analysis you find is in reference to equities. FX is like the equity markets on steroids. Things happen much faster not just because of the added volatility, but also because it's open 24 hours. So... a few months in equities could be like a few weeks in FX.
check out my blog: forexmademillionaire dot com
  • #257,145
  • Sep 30, 2010 12:34am Sep 30, 2010 12:34am
Dull and boring market playing in kind of a shitty range. I been away for a couple days and kinda hoped to have something worth looking at or playing...but until we break this here wedge, I think I might just scalp the ranges and wait for a better ride.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #257,146
  • Sep 30, 2010 12:55am Sep 30, 2010 12:55am
A bright and sunny morning here, without too many clouds in the sky........

Looking forward to hopefully a more exciting trading day today than yesterday.

Hopefully the end of month 'sell offs' will help
  • #257,147
  • Sep 30, 2010 12:58am Sep 30, 2010 12:58am
Hopefully we will see some firework or will she bounce around somemore.
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Veni, Vidi, Vici (We came, we saw, we conquered)
  • #257,148
  • Sep 30, 2010 1:03am Sep 30, 2010 1:03am
7:00am GBP Nationwide HPI m/m
http://cdn.forexfactory.com/images/m...etail_star.gif http://cdn.forexfactory.com/images/misc/progress.gif0.1%http://cdn.forexfactory.com/images/m...ol_refresh.gif -0.3% -0.9%
http://cdn.forexfactory.com/images/misc/viewchart.gif
  • #257,149
  • Sep 30, 2010 1:23am Sep 30, 2010 1:23am
shorting for 50pips, trailing other entries until my region is touched
  • #257,150
  • Sep 30, 2010 1:27am Sep 30, 2010 1:27am
for short trader.... becarefull...

for buy trader .... just prepare to buy or add more buy ...

rgds,iqyu
http://www.forexfactory.com/showpost...&postcount=682

Quoting fendi
shorting for 50pips, trailing other entries until my region is touched
not euphoria follower
  • #257,151
  • Sep 30, 2010 1:33am Sep 30, 2010 1:33am
Quoting wormboy
another day passes .. still consolidating. Overall still bullish till 970 test as the monthly supp/res level is being a rock.
Good luck.
also keep an eye on the D1, a bit early to say however pa has all the characteristics of a rising three in the making. A bullish close today will confirm it.
Let's see how this goes. good luck to all.
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Thank You
  • #257,152
  • Sep 30, 2010 1:37am Sep 30, 2010 1:37am
Quoting iqyu5an
for short trader.... becarefull...

for buy trader .... just prepare to buy or add more buy ...

rgds,iqyu
http://www.forexfactory.com/showpost...&postcount=682
I think both better to wait.
Other MPC member speak in 22 minutes.
Remember Posen last Tuesday
  • #257,153
  • Sep 30, 2010 1:37am Sep 30, 2010 1:37am
Quoting wormboy
also keep an eye on the D1, a bit early to say however pa has all the characteristics of a rising three in the making. A bullish close today will confirm it.
Let's see how this goes. good luck to all.
wormie diamond complete a breakout of this formation should lead the way..i'll b damn it actually respected it
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  • #257,154
  • Sep 30, 2010 1:39am Sep 30, 2010 1:39am
Morning All
Happy new day to All

Trade safe
  • #257,155
  • Sep 30, 2010 1:42am Sep 30, 2010 1:42am
Quoting fendi
trailing other entries until my region is touched
  • #257,156
  • Sep 30, 2010 1:42am Sep 30, 2010 1:42am
Maybe we already kind of broke out to the upside???? Im all in
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  • #257,157
  • Sep 30, 2010 1:44am Sep 30, 2010 1:44am
if i am mistaken, then my theory failed, but i have regions of 1.5772 and possibly r1 1.5738 to reach........ though the major trend is long, immediate areas have to be breached b4 i jet for long. I would be careful thanks.

Watching closely

Quoting iqyu5an
for short trader.... becarefull...

for buy trader .... just prepare to buy or add more buy ...

rgds,iqyu
http://www.forexfactory.com/showpost...&postcount=682
  • #257,158
  • Sep 30, 2010 1:46am Sep 30, 2010 1:46am
same chart... waiting... but again, cable likes 1st BO false...
because of the end of the month I am expecting down move to retest the 1,56 area, but anyway will do what is on the chart...

house price index dont do anythink, it respect triangle maybe waiting for london`s open, but 1,59 was strongly refused, and this consolidation will make a big move either up or down....

Quoting Bull_Bear
Hopefully we will see some firework or will she bounce around somemore.
  • #257,159
  • Sep 30, 2010 1:47am Sep 30, 2010 1:47am
closing my long for 40 waiting for pullback
  • #257,160
  • Sep 30, 2010 1:54am Sep 30, 2010 1:54am
long again 15830
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