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Cable Update (GBPUSD)

  • #257,761
  • Oct 1, 2010 4:24am Oct 1, 2010 4:24am
Quoting bbmac
I think U.s NFP is next Friday, not today?




Ya got me, yes it's manufacturing today isn't it, lots on today. Little sis up from the smoke so sitting the rest out anyway.
  • #257,762
  • Oct 1, 2010 4:27am Oct 1, 2010 4:27am
long for 5855 lvl
Hero calls followed by margin calls...
  • #257,763
  • Oct 1, 2010 4:27am Oct 1, 2010 4:27am
5853 then 5878 ?
  • #257,764
  • Oct 1, 2010 4:27am Oct 1, 2010 4:27am
Quoting nAVIN2007
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)

thank u very much for ur kind comments .

yes , that was my initial target or the resistance i was expecting to meet ... but ,then , " hey, is is weekly chart and long term .. let's just put in the maximum target .. " .... hence the target for now ...

yes , it is a dynamic enviroment ... nothing is cast in stone ... will cross the bridge when we come to it ... how many more weeks .. don't know ..

also ,

care to explain what u mean by "triple bar low higher close shows its an area u cannot ignore " ... i am not so good with jargons ... will help to understand better and learn something new .

thanks
  • #257,765
  • Oct 1, 2010 4:28am Oct 1, 2010 4:28am
Morning All
For g/u
http://www.forexfactory.com/showpost...stcount=257602

For E/U Need more 60 pip to Hit my TP1 1.38 that will give me 2100++ PIP
( 2 positions) will b good way for weekend
  • #257,766
  • Oct 1, 2010 4:28am Oct 1, 2010 4:28am
Quoting cloggie

So intermediate is 5808 for 5838

I am mainly focusing on fibre today. There I have 3731 as the next one, followed by 3768
Both fibre and cable are still behaving.
  • #257,767
  • Oct 1, 2010 4:31am Oct 1, 2010 4:31am
Quoting Deputy Dawg
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.

Bearish divergence building on 5min but until it hits some potential resistance factors I wouldn't think about shorting a pullback and I'd be more interested in buying the dip if I get another set-up..Edit: bearish div not there in my macd setting on 5min now so invalid

G/L
ex member
  • #257,768
  • Oct 1, 2010 4:33am Oct 1, 2010 4:33am
stopped all positions on SL
for today I am out
I really don`t get it why pound is going so high...
If the yesterday`s sell off was only because of month ends why euro dont drop too? this is for me weird...
anyway congrats to all who are long...
important for me is, that a week I am ending with green numbers...


Quoting scurt
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
  • #257,769
  • Oct 1, 2010 4:34am Oct 1, 2010 4:34am
Quoting scurt
I really don`t get it why pound is going so high...
If the yesterday`s sell off was only because of month ends why euro dont drop too? this is for me weird...
anyway congrats to all who are long...

Don't go fighting the Central Banks, you will never win that one.
  • #257,770
  • Oct 1, 2010 4:39am Oct 1, 2010 4:39am
Quoting wormboy
870 top of the pile. how about you my friend?
done. that's 10 rounds of beer for us cloggs
Thank You
  • #257,771
  • Oct 1, 2010 4:39am Oct 1, 2010 4:39am
Quoting cloggie
Don't go fighting the Central Banks, you will never win that one.
Mr.cloggie, nice to see you here. Can i know your view for eu, you see eu can reach 1.3818 ?
  • #257,772
  • Oct 1, 2010 4:40am Oct 1, 2010 4:40am
Quoting scurt
stopped all positions on SL
for today I am out
I really don`t get it why pound is going so high...
If the yesterday`s sell off was only because of month ends why euro dont drop too? this is for me weird...
anyway congrats to all who are long...
important for me is, that a week I am ending with green numbers...
Sorry for your losses scurt

I really enjoy your posts

I believe we all have to accept it is just the nature of the beasts

I'm still holding my longs from yesterday

1.5819
1.5800
1.5830

Who knows may get lucky!!!!!!!!!!!!!!!!!!!
  • #257,773
  • Oct 1, 2010 4:41am Oct 1, 2010 4:41am
Quoting wormboy
done. that's 10 rounds of beer for us cloggs

Like taking candy of a baby.

Quoting cloggie
We are very close, I have 861
You were slightly closer though, so beers on me.

http://www.northcoteimports.com/images/BK047PL-6_SM.jpg
  • #257,774
  • Oct 1, 2010 4:42am Oct 1, 2010 4:42am
  •  samirb
  • | Joined Nov 2009 | Status: Investing is simple, but not easy. | 247 Posts
Quoting samirb
Good day everyone..

Long position looking good... Both position at BE
Good luck

Good day everyone

Tp met both position closed at 15865 ...
more than 350+++ pips..

Good luck
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  • #257,775
  • Oct 1, 2010 4:42am Oct 1, 2010 4:42am
Quoting cloggie
Like taking candy of a baby.



You were slightly closer though, so beers on me.


okay i'm done for the week. enjoy the weekend my friend!

good luck fellas
Thank You
  • #257,776
  • Oct 1, 2010 4:43am Oct 1, 2010 4:43am
Quoting wormboy
done. that's 10 rounds of beer for us cloggs
love it , when you both compare your levels and they go conform,
nice trading guys
  • #257,777
  • Oct 1, 2010 4:44am Oct 1, 2010 4:44am
Quoting wormboy


okay i'm done for the week. enjoy the weekend my friend!

Have a good one, see you next week.
  • #257,778
  • Oct 1, 2010 4:46am Oct 1, 2010 4:46am
Quoting cloggie

I am mainly focusing on fibre today. There I have 3731 as the next one, followed by 3768

That's gone to plan too, so covered.

Now I am bored, need to find another setup somewhere.
  • #257,779
  • Oct 1, 2010 4:49am Oct 1, 2010 4:49am
76.4% 5921-5668 is breeched to upside but some supply emerging around Daily R1 pivot.....price at 115% of it's 20day average pip range today now..169 up off 5702 current intraday low...other than the underside of a previous 1hr ascending trend line, I don't see much in the way of potential resistance factors above current Hi until yesterday's Hi which is a previous 1hr/4hr swing hi zone...

G/L
Attached Image
ex member
  • #257,780
  • Oct 1, 2010 4:51am Oct 1, 2010 4:51am
  •  samirb
  • | Joined Nov 2009 | Status: Investing is simple, but not easy. | 247 Posts
Gone short at 15870 ... will add one more at same level if price retest.

Reason bearish gartley..
I dont think market will make new high before NFP next week.. we will be in range for one week..

Good luck
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