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Cable Update (GBPUSD)

  • #257,401
  • Sep 30, 2010 8:53am Sep 30, 2010 8:53am
Quoting cloggie
That was reached, now if it does not hold we need to see 5744 next.

Check.

If 5744 gives, 5718 is next.
  • #257,402
  • Sep 30, 2010 8:54am Sep 30, 2010 8:54am
Quoting pepper
Next station 5717
Strong level is 1.5660
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #257,403
  • Sep 30, 2010 8:56am Sep 30, 2010 8:56am
Quoting Delite
I have a midway point of 5762. Is that a valid level?

It's a minor one, 5744 is the key here.
  • #257,404
  • Sep 30, 2010 8:57am Sep 30, 2010 8:57am
Quoting cloggie
It's a minor one, 5744 is the key here.
Thank you.
  • #257,405
  • Sep 30, 2010 8:58am Sep 30, 2010 8:58am
Quoting Bull_Bear
Strong level is 1.5660
why
  • #257,406
  • Sep 30, 2010 9:00am Sep 30, 2010 9:00am
Damn why is she falling so much.
A question for all those who were eyeing 1.6000, do you guys have a large stop loss level ? I am just trying to learn from you guys.

can someone explain this
normally when stocks rise dollar falls and gbp rise
this time why is gbp falling
  • #257,407
  • Sep 30, 2010 9:01am Sep 30, 2010 9:01am
185pips off the 5921 high now as price lands around Daily S1 pivot, this from Daily R2 Hi...134% of the 20day average pip range now and the drop cahnges the bullish complexion ?

Below current Lo a 3 fib cluster 5712-02 of currently unbreeched fibs of main 1hr/4hr swings up from and including 5296 to said 5921

G/L
Attached Image
ex member
  • #257,408
  • Sep 30, 2010 9:02am Sep 30, 2010 9:02am
Quoting Alexbabwa
why
Bottom of channel.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #257,409
  • Sep 30, 2010 9:03am Sep 30, 2010 9:03am
Quoting Fudomyo
MS2 WPP is stronger support but S1 is a reasonable TP area. 61.8% of yesterday's HL off the daily open.

I just see 5744 as key for direction, not as ultimate support.

I gave the whole train here, 5838-5777-5744, that was 90 pips of tradeable levels.
  • #257,410
  • Sep 30, 2010 9:03am Sep 30, 2010 9:03am
hrrmm to risky for me..to short..i doubt it will go anywhere dailly range is played out..holding on to my longs ..possibility of another broaden traingle forming..monthly is still healthy

lets see what this sum nut wants to do now..crazy mofo of a currency
  • #257,411
  • Sep 30, 2010 9:03am Sep 30, 2010 9:03am
Quoting Bull_Bear
Bottom of channel.
I have it at 720 on the 4h :S hence my SL of 690
  • #257,412
  • Sep 30, 2010 9:05am Sep 30, 2010 9:05am
Quoting Alexbabwa
I have it at 720 on the 4h :S hence my SL of 690
Good stay with your plan.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #257,413
  • Sep 30, 2010 9:07am Sep 30, 2010 9:07am
horrendous news
http://finance.yahoo.com/news/Irelan...&asset=&ccode=
  • #257,414
  • Sep 30, 2010 9:07am Sep 30, 2010 9:07am
Quoting Bull_Bear
Bottom of channel.

..just needs a trigger..
Attached Image (click to enlarge)
Click to Enlarge Name: chart3.gif Size: 23 KB
  • #257,415
  • Sep 30, 2010 9:09am Sep 30, 2010 9:09am
Quoting mloistianto
Oh crap.. I forgot this is the last day of this month..
..lock BE+80 n 500 trailing stop on...what ever its 80-100pips confirm...

c u mate next month
  • #257,416
  • Sep 30, 2010 9:13am Sep 30, 2010 9:13am
Quoting nAVIN2007
..just needs a trigger..
Here you go squeeze don't pull
Attached Image
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #257,417
  • Sep 30, 2010 9:14am Sep 30, 2010 9:14am
Quoting Bull_Bear
Here you go squeeze don't pull
  • #257,418
  • Sep 30, 2010 9:17am Sep 30, 2010 9:17am
Based on my analysis, I believe we are still ranging between 1.57147 and 1.58535 until the daily close above 1.58535. For us to go down again, the daily needs to close below 1.57147. Look at where the daily candles closed since the beginning of the week. The zones are visible in the charts below. You must have seen this chart a couple of times. It is still valid until the price leaves all the boxes indicated therein.

Looking at the market this way gives a better perspective of overall trend.
Attached Image (click to enlarge)
Click to Enlarge Name: 111-gpbusd new daily.gif Size: 19 KB
  • #257,419
  • Sep 30, 2010 9:18am Sep 30, 2010 9:18am
Quoting Fudomyo
yes

looks like we may test WPP again. if we don't get the touch, then the bears are done. 15700 is decent TP is we get that low

Yup, one level at a time. That is something that most retailers here don't understand and they get too married to their bias. Find your levels and put up what-if scenarios at each of them and trade them accordingly.

My sell button works just as well as my buy button.
  • #257,420
  • Sep 30, 2010 9:18am Sep 30, 2010 9:18am
4hr ascending trend line, 2nd 1/2 of the previous 1hr/4hr near-term fractal swing lo zone running down to Tuesday's post Posen 5718 low and 61.8% of 5603-5921 and weekly pivot is where the low is (at the moment) How much demand is there running down to that 5718 low ?? Are the buy the dip players out the market now? Who is Zorro ?

G/L
ex member
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