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Cable Update (GBPUSD)

  • #257,181
  • Sep 30, 2010 2:30am Sep 30, 2010 2:30am
Upside break of that 1hr descending trend line...will be interesting to see if 1hr closes above it as some supply emerges in the previous 1hr swing hi zone leading up to yesterday's Hi..2 x attempts on the previous 1hr swing hi that held as support prior to that (circled.)

G/L
Attached Image
ex member
  • #257,182
  • Sep 30, 2010 2:31am Sep 30, 2010 2:31am
Quoting wormboy
looks like a flag too if you zoom it out bro.
healthy trades you got there brother, nice one

thanks buddy..yip i agree, everything say long...shorting this would go against the monthly weekly is setting up nice for short but it aint over till sunday n8..and a breakout is waiting to happen..

long i think is safer bull flag as well
a close around 1.60 is quite likely leaving every1 thinking is it support or resistance..watch this space!!
  • #257,183
  • Sep 30, 2010 2:32am Sep 30, 2010 2:32am
Quoting bbmac
Upside break of that 1hr descending trend line...will be interesting to see if 1hr closes above it as some supply emerges in the previous 1hr swing hi zone leading up to yesterday's Hi..2 x attempts on the previous 1hr swing hi that held as support prior to that (circled.)

G/L
Good morning bbmac. If the H1 candle closed above the upper t/l would you then wait for a retest?
  • #257,184
  • Sep 30, 2010 2:35am Sep 30, 2010 2:35am
Revenge of the bat. Hit a .382 FR.
  • #257,185
  • Sep 30, 2010 2:36am Sep 30, 2010 2:36am
Quoting wormboy
all in? i'll be all in too once the utl gives way, right now i'm cautiously long.
the in me is telling the in me to stay calm. woooooohsa
Morning Wormboy,

nice alliteration, brought a to my face, thx
same bias here with caution until yesterdays high is taken out,
so far it looks like more choppyness,
for me still buying on dips,
would ike to see 1.5760ish again for entry but itīs a dream right now,

good trading to you
  • #257,186
  • Sep 30, 2010 2:36am Sep 30, 2010 2:36am
Quoting wormboy
nice trading bro & I can appreciate the strong conviction. You have my respect
yup he is a trader to watch imho..
he got talent!!
  • #257,187
  • Sep 30, 2010 2:37am Sep 30, 2010 2:37am
London printed a new high for today...if hourly close in positive territory there's a high chance for gbp to go up.
But i'll wait, news or BOE member speaking could lead to spikes
COT: The precious data ignored
  • #257,188
  • Sep 30, 2010 2:38am Sep 30, 2010 2:38am
Yeh 1hr is not my trigger but is my highest (trend) t/f so interested to see price action conditions on that, I always buy on a pullback timed on the t/f's below that of the trend...exception being a thrust b/o close of a previous swing hi/lo under certain conditions.

G/L
ex member
  • #257,189
  • Sep 30, 2010 2:46am Sep 30, 2010 2:46am
Re Delite's question above: 30m/1hr in an opa (overall price action) uptrend, price pulls back creating 1min hidden div at the 38.2% of the 5761-today's current hi move...a 1min hidden divergence set-up develops- I don't fully trust it as drop was precipitous on these leower t/f's so I wait for a 5min trigger which emerged in shape of a 5min hammer...Buy the pullback....from that trigger is higher in probability.

G/L
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ex member
  • #257,190
  • Sep 30, 2010 2:50am Sep 30, 2010 2:50am
Test, short @ +0.5 %
  • #257,191
  • Sep 30, 2010 2:53am Sep 30, 2010 2:53am
Quoting dag777
Morning Wormboy,

nice alliteration, brought a to my face, thx
same bias here with caution until yesterdays high is taken out,
so far it looks like more choppyness,
for me still buying on dips,
would ike to see 1.5760ish again for entry but itīs a dream right now,

good trading to you
morning bro how are you

just playing around
yup, pretty standard stuff the pausing period after a strong breakout. Just need to be watching the right tf to avoid being caught with the noise imo.
Looks like we have the same trade plans, well except for the 760 dip, i hope not!

Have a good day & see you at the top!
Thank You
  • #257,192
  • Sep 30, 2010 2:54am Sep 30, 2010 2:54am
Uk data @ 0930am and then another (2nd this morning) Boe/Mpc member speaks @ 1005am (Uk times)...might be an interesting morning. Mni saying offers toward 5880 likely and then 5895/00 stronger likely with barrier interest rumoured @ 5600.

G/L
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ex member
  • #257,193
  • Sep 30, 2010 2:54am Sep 30, 2010 2:54am
Quoting nAVIN2007
yup he is a trader to watch imho..
he got talent!!
no doubt, very concise with the provided analysis.
Thank You
  • #257,194
  • Sep 30, 2010 2:59am Sep 30, 2010 2:59am
Quoting wormboy
no doubt, very concise with the provided analysis.
  • #257,195
  • Sep 30, 2010 3:00am Sep 30, 2010 3:00am
Quoting wormboy
no doubt, very concise with the provided analysis.
we broken out..lets see what the hell happens..

by the way azim i exit that euro trade yesterday after that hug move down..100 pippies..lol
that mofo is nutty
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  • #257,196
  • Sep 30, 2010 3:03am Sep 30, 2010 3:03am
Very sceptical of any moves after the last couple of days... Need a close above 5865 for me to be interested in trading... otherwise I might gander a scalp later, but not a big fan...

Good Luck all...
@pawpaw1000 on Twitter
  • #257,197
  • Sep 30, 2010 3:09am Sep 30, 2010 3:09am
Quoting nAVIN2007
we broken out..lets see what the hell happens..

by the way azim i exit that euro trade yesterday after that hug move down..100 pippies..lol
that mofo is nutty
nice one bro
yup, that nutter is up 1000 pips in just 20 days. Tell me again why on earth we're trading cable?
Thank You
  • #257,198
  • Sep 30, 2010 3:11am Sep 30, 2010 3:11am
Quoting pawpaw1000
Very sceptical of any moves after the last couple of days... Need a close above 5865 for me to be interested in trading... otherwise I might gander a scalp later, but not a big fan...

Good Luck all...

longer is safer..but need to becarefull last day of month brings big movement

entering new range i feel
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  • #257,199
  • Sep 30, 2010 3:11am Sep 30, 2010 3:11am
Is there sufficient demand in this market to get past the potential resistance factors leading up to 5895 ?..above that and price still in a 4hr previous near-term fractal swing hi zone (= prev res=potential res) but above here looks pretty clear to similar 4hr/daily zone leading up to 5997 Hi. That descending trend line on the daily is still hereabouts and no convincing break above it yet.

G/L
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ex member
  • #257,200
  • Sep 30, 2010 3:11am Sep 30, 2010 3:11am
Quoting nAVIN2007
longer is safer..but need to becarefull last day of month brings big movement
big move up
Thank You
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