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Cable Update (GBPUSD)

  • #257,741
  • Oct 1, 2010 4:05am Oct 1, 2010 4:05am
Come On Baby Make Daddy Proud!
  • #257,742
  • Oct 1, 2010 4:08am Oct 1, 2010 4:08am
Entry
http://i1236.photobucket.com/albums/...rgguy/5min.png
Exit
http://i1236.photobucket.com/albums/...rgguy/exit.png
  • #257,743
  • Oct 1, 2010 4:08am Oct 1, 2010 4:08am
Anyone looking to short at the 5808 level? Look s like it may want to bounce down some.
Today's zone = Tomorrow's opportunity!
  • #257,744
  • Oct 1, 2010 4:10am Oct 1, 2010 4:10am
Quoting cloggie
Here I got 5777 and 5808 as range for reversal/continuation, to the top I have 5838 and on the bottom is the DP and 5747. With yesterday's plays around these levels to the pip, they remain valid at least for the London session.

So intermediate is 5808 for 5838 and 5777 for 5747.
Thanks. I missed the long entry this morning, would like a dip back around DP 5763 for a chance to enter long.
  • #257,745
  • Oct 1, 2010 4:10am Oct 1, 2010 4:10am
Rate remains pretty bullish...I wonder how much supply in this potential 1hr sbr zone? Mni suggesting supply could emerge around 5825/30 if tested..61.8% of 5921-5668 is above current price around there and around it's 76.4% fib is the Daily R1 pivot

G/L
Attached Image
ex member
  • #257,746
  • Oct 1, 2010 4:10am Oct 1, 2010 4:10am
Quoting pres78
Anyone looking to short at the 5808 level? Look s like it may want to bounce down some.

Possible 2b reversal forming on M15
  • #257,747
  • Oct 1, 2010 4:10am Oct 1, 2010 4:10am
added another short at @5814

reasons:
near 61.8 fibo
very close to DW TL
EU Unemployment Rate drop 0,1% so market will wait on US data so probably return to DP
UK data worse than expected


Quoting scurt
Sell@5770 (dont have patience for 5774)

SL and TP as below...
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
  • #257,748
  • Oct 1, 2010 4:12am Oct 1, 2010 4:12am
I think U.s NFP is next Friday, not today?

Quoting nunrgguy
Entry

Exit
http://i1236.photobucket.com/albums/...rgguy/exit.png
ex member
  • #257,749
  • Oct 1, 2010 4:13am Oct 1, 2010 4:13am
Quoting pres78
Anyone looking to short at the 5808 level?.

no
  • #257,750
  • Oct 1, 2010 4:13am Oct 1, 2010 4:13am
Caution !!

Caveat Emptor !

Demo Trading !

Don't follow me !


testing 1-2-3 concept ...

Target : 1.67534

Buy : 1.58191

stop loss : 1.55113


-
Attached Images
  • #257,751
  • Oct 1, 2010 4:14am Oct 1, 2010 4:14am
Quoting wormboy
no i didn't


i know where this mofo's headed
i knew really!!.nice forecast that evening star certainly followed through..its still a mofo thou
  • #257,752
  • Oct 1, 2010 4:15am Oct 1, 2010 4:15am
Quoting Delite
Possible 2b reversal forming on M15

Or maybe not...!
  • #257,753
  • Oct 1, 2010 4:16am Oct 1, 2010 4:16am
Quoting Delite
Or maybe not...!
Everyone's got an opinion
  • #257,754
  • Oct 1, 2010 4:16am Oct 1, 2010 4:16am
Quoting cloggie
no
I missed the big move up so far (damn Canada time zone)... What do you recommend? retrace and entry at a certain level? Selling at a certain level? The GBP news had no effect at all on this pair. Have I missed the boat until US data?

I am trying to follow along with how you trade the levels so well.
Today's zone = Tomorrow's opportunity!
  • #257,755
  • Oct 1, 2010 4:18am Oct 1, 2010 4:18am

rgds,iqyu
http://www.forexfactory.com/showpost...&postcount=689
Attached Image
not euphoria follower
  • #257,756
  • Oct 1, 2010 4:19am Oct 1, 2010 4:19am
Quoting TheArcher
Caution !!

Caveat Emptor !

Demo Trading !

Don't follow me !


testing 1-2-3 concept ...

Target : 1.67534

Buy : 1.58191

stop loss : 1.55113


-
i added a line where price would go and likely cause issue..that should have been yur target..anything beyond that isnt logical as PA has told us what may happen

triple bar low higher close shows its an area u cannot ignore (good resistance spot)
Attached Image
  • #257,757
  • Oct 1, 2010 4:21am Oct 1, 2010 4:21am
Does this pair have the strenght today to re-test the daily high from yesterday before London close?
Today's zone = Tomorrow's opportunity!
  • #257,758
  • Oct 1, 2010 4:23am Oct 1, 2010 4:23am
i feel for those that went short close to the open..talk about traps
  • #257,759
  • Oct 1, 2010 4:23am Oct 1, 2010 4:23am
Quoting pres78
Anyone looking to short at the 5808 level? Look s like it may want to bounce down some.
I don't think a short for a little retrace is out of the question but I would wait for it to hit the weeks open at 5829 before giving it a go.There is bearish divergange showing on 5m chart here,and a 50%fib retrace would take price back to daily pivot for approx 60 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: Spot FX GBP_USD (01-OCT-10).png Size: 22 KB
  • #257,760
  • Oct 1, 2010 4:24am Oct 1, 2010 4:24am
Quoting pres78
Does this pair have the strenght today to re-test the daily high from yesterday before London close?

I have no idea, it has breeched the 61.8% of yesterday's 5921-5668 to upside, and so far only a couple of shallow dips visible on 5min....134pips up off current intraday floor now-91% of it's 20day average pip range.

G/L
ex member
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