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Cable Update (GBPUSD)

  • #257,661
  • Oct 1, 2010 1:11am Oct 1, 2010 1:11am
cable should only go up today.. dont see it going down.
  • #257,662
  • Oct 1, 2010 1:21am Oct 1, 2010 1:21am
Quoting pips stunner
cable should only go up today.. dont see it going down.
Attached Image



oops lets see.
  • #257,663
  • Oct 1, 2010 1:23am Oct 1, 2010 1:23am
Momentum still bearish at present.
Attached Image
" Never let the past hold the future to ransom "
  • #257,664
  • Oct 1, 2010 1:31am Oct 1, 2010 1:31am
Quoting Gleneagles
Momentum still bearish at present.
USD all in green, how accurate is this indicator?
  • #257,665
  • Oct 1, 2010 1:38am Oct 1, 2010 1:38am
Quoting ikdenk
USD all in green, how accurate is this indicator?
Weak bullish reading at present , reading > 65-70 is what interest me.
It is a handy trading tool as confirmation and accurate enough for the trading strategies I use.
" Never let the past hold the future to ransom "
  • #257,666
  • Oct 1, 2010 1:41am Oct 1, 2010 1:41am
Quoting The Captain
You should read my posts today. Shorting this thing all the way back up the channel is foolish. Set a short here if you think it is going south, and if that fails then short from 5860 at the top TL.

You're welcome.
thanks Captain but I think the 4h trendline is broken and am just looking for retrace of yesterdays move before it goes down again
Attached Image (click to enlarge)
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  • #257,667
  • Oct 1, 2010 1:43am Oct 1, 2010 1:43am
Quoting cloggie
My new train is 5686-5716-5744, then if 5744 gives 5777
at 5717
  • #257,668
  • Oct 1, 2010 1:49am Oct 1, 2010 1:49am
Sell_limit@5774 sl5855
tp1 5700
tp2 5598

reasons:
yesterdays refuse 1,5920 with heavy sell off, waiting for pullback to jump in.
5774 is between 38,8 and 50 fibo, there is a 100EMA (1H TF) and DP very close also there is nice S/R level at that price area... will wait on UK data for confirmation
  • #257,669
  • Edited 2:07am Oct 1, 2010 1:55am | Edited 2:07am
Dunno about this short business. All my fibs say long:

- Daily 19.1 support @ 5718
- Weekly "Long" 61.8 @ 5715
- Yearly "Long" 61.8 @ 5692
- Monthly "Long" 61.8 @ 5684
- Intraday support 19.1 @ 5712

All makes for a pretty solid floor to go long from is how i see it... though its been asleep for the past few hours so I dunno what kind of moves we will see...
  • #257,670
  • Oct 1, 2010 1:56am Oct 1, 2010 1:56am
Quoting scurt
Sell_limit@5774 sl5855
tp1 5700
tp2 5598

reasons:
yesterdays refuse 1,5920 with heavy sell off, waiting for pullback to jump in.
5774 is between 38,8 and 50 fibo, there is a 100EMA (1H TF) and DP very close also there is nice S/R level at that price area... will wait on UK data for confirmation
Scurt - I love your posts. No frills, no bells, just calling it as you see it! good luck!
  • #257,671
  • Oct 1, 2010 1:58am Oct 1, 2010 1:58am
Gu giving and taking in equal measure

There is a base, the big question is where?

Current levels might hold bear move but it can also slip down to 1.553 area before new 2010 highs


Attached Image (click to enlarge)
Click to Enlarge Name: gu.GIF Size: 37 KB
Mind over matter..I don't mind and you don't matter.
  • #257,672
  • Oct 1, 2010 2:00am Oct 1, 2010 2:00am
... ...

but we need a little bit confirmation for this bro....

rgds,iqyu
http://www.forexfactory.com/showpost...&postcount=687

Quoting Jazznos
Dunno about this short business. All my fibs say long:

- Daily 19.1 support @ 5718
- Weekly "Long" 61.8 @ 5715
- Yearly "Long" 61.8 @ 5612
- Monthly "Long" 61.8 @ 5684
- Intraday support 19.1 @ 5712

All makes for a pretty solid floor to go long from is how i see it... though its been asleep for the past few hours so I dunno what kind of moves we will see...
not euphoria follower
  • #257,673
  • Oct 1, 2010 2:01am Oct 1, 2010 2:01am
The price action clearly indicates a move up for now...gotta wait what london will do
COT: The precious data ignored
  • #257,674
  • Oct 1, 2010 2:02am Oct 1, 2010 2:02am
Quoting chazzle
thanks Captain but I think the 4h trendline is broken and am just looking for retrace of yesterdays move before it goes down again
Think about where an up move will go. Don't get stuck to one direction and get caught out.
  • #257,675
  • Oct 1, 2010 2:03am Oct 1, 2010 2:03am
Thank you... I very appreciate your post...

Quoting Delite
Scurt - I love your posts. No frills, no bells, just calling it as you see it! good luck!
  • #257,676
  • Oct 1, 2010 2:03am Oct 1, 2010 2:03am
Quoting iqyu5an
... ...

but we need a little bit confirmation for this bro....

rgds,iqyu
http://www.forexfactory.com/showpost...&postcount=687
Thanks buddy :-) Im already in long -we crossed our intraday breach and i jumped in but its now stalled at our 80.9!
  • #257,677
  • Oct 1, 2010 2:05am Oct 1, 2010 2:05am
Quoting cloggie
Here we are just about.

Today has been a good one and most of my levels worked to a "T", in hindsight only 5744 and 5716 would have been needed, so they will go in the toolbox for tomorrow.
at 5744
  • #257,678
  • Oct 1, 2010 2:06am Oct 1, 2010 2:06am
Quoting Jazznos
Dunno about this short business. All my fibs say long:

- Daily 19.1 support @ 5718
- Weekly "Long" 61.8 @ 5715
- Yearly "Long" 61.8 @ 5612
- Monthly "Long" 61.8 @ 5684
- Intraday support 19.1 @ 5712

All makes for a pretty solid floor to go long from is how i see it... though its been asleep for the past few hours so I dunno what kind of moves we will see...
my signals all say long but lets see
  • #257,679
  • Oct 1, 2010 2:12am Oct 1, 2010 2:12am
Back to 5810 area.
  • #257,680
  • Oct 1, 2010 2:15am Oct 1, 2010 2:15am
Quoting trending
Think about where an up move will go. Don't get stuck to one direction and get caught out.
Thanks Trending - I think PA was so bearish yesterday that its possibly stopped this uptrend in its tracks-dont think price will make it to the highs of yesterday for a while.Any up move I see as a retrace of yesterdays bearish move and so I will short rallies
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