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Cable Update (GBPUSD)

  • #258,261
  • Oct 4, 2010 9:13am Oct 4, 2010 9:13am
Quoting Sunsi
Because it now is less reason for FED to start printing more money, and then the stocks are likely to fall and the dollar is likely to strenghten?
some minor news will not change FED politics because that doesn't mean USA economy is recovering (I doubt even major news will cause that happen)
  • #258,262
  • Oct 4, 2010 9:14am Oct 4, 2010 9:14am
noted...


Quoting samdol
i'm looking at 15m. Based on Murrey math.
not euphoria follower
  • #258,263
  • Oct 4, 2010 9:14am Oct 4, 2010 9:14am
Quoting samdol
cable bounce @ 1.5869 . So whats next ?

1.5869 ->1.5839 ->1.5838 ->1.5808->1.5778->1.5808->1.5838 ?
You're numbers are going the wrong direction
check out my blog: forexmademillionaire dot com
  • #258,264
  • Oct 4, 2010 9:16am Oct 4, 2010 9:16am
Quoting Geppy
You're numbers are going the wrong direction
hahaha ... yeah .. maybe it will re-test 1.5869->1.5900 ->1.5930
  • #258,265
  • Oct 4, 2010 9:45am Oct 4, 2010 9:45am
  •  samirb
  • | Joined Nov 2009 | Status: Investing is simple, but not easy. | 247 Posts
Good day everyone

Gone short
stoploss 15930

Good luck
Attached Image (click to enlarge)
Click to Enlarge Name: gatley.gif Size: 17 KB
  • #258,266
  • Oct 4, 2010 9:51am Oct 4, 2010 9:51am

Quoting dashboard
yes, look in 1h the close candle can't break 1.578

long in play again
not euphoria follower
  • #258,267
  • Oct 4, 2010 9:52am Oct 4, 2010 9:52am
CABLE IS GOING DOWN DIRTY SOUTH IF WE CLOSE BELOW 1.5847 on H$ Chart.
  • #258,268
  • Oct 4, 2010 9:57am Oct 4, 2010 9:57am


Quoting samirb
Good day everyone

Gone short
stoploss 15930

Good luck
Attached Image (click to enlarge)
Click to Enlarge Name: gatley.gif Size: 20 KB
not euphoria follower
  • #258,269
  • Oct 4, 2010 10:06am Oct 4, 2010 10:06am
if current 15m chart close below 1.5839, next stop at 1.5808 ...
  • #258,270
  • Oct 4, 2010 10:08am Oct 4, 2010 10:08am
H4 chart not H$ chart buddies. double top here.
  • #258,271
  • Oct 4, 2010 10:13am Oct 4, 2010 10:13am
Quoting pips stunner
CABLE IS GOING DOWN DIRTY SOUTH IF WE CLOSE BELOW 1.5847 on H$ Chart.
Great analysis
check out my blog: forexmademillionaire dot com
  • #258,272
  • Oct 4, 2010 10:15am Oct 4, 2010 10:15am
Quoting pips stunner
H4 chart not H$ chart buddies. double top here.
a double top as the name suggests represents price topping out for the second time following an uptrend.
On the H4, after price climbed up from 5300 levels, it had been in consolidation since sept the 24th. There is no double top. You're confused.
Thank You
  • #258,273
  • Oct 4, 2010 10:24am Oct 4, 2010 10:24am
This is screaming at me to take out a long, but I told myself to wait until the 50% retracement...
  • #258,274
  • Oct 4, 2010 10:26am Oct 4, 2010 10:26am
Quoting Nate04
This is screaming at me to take out a long, but I told myself to wait until the 50% retracement...
Long @ 1.5808 ?
  • #258,275
  • Oct 4, 2010 10:28am Oct 4, 2010 10:28am
Quoting samdol
Long @ 1.5808 ?
First long would be @ 1.5818 with a small position. Would add second @ the 61.8% retracement which is 1.5808.

Might not make it though. Dow is down, dollar index is down, oil is up and gold is starting to rise.
  • #258,276
  • Oct 4, 2010 10:31am Oct 4, 2010 10:31am
I see a possible diamond pattern forming on 4H but I don't see a double top.

You have to zoom into the last 35 candles to see it.
  • #258,277
  • Oct 4, 2010 10:33am Oct 4, 2010 10:33am
Quoting Nate04
First long would be @ 1.5818 with a small position. Would add second @ the 61.8% retracement which is 1.5808.
Good luck.

Bernanke will speak in about 3 1/2 hours. Who knows what will happen then.
  • #258,278
  • Oct 4, 2010 10:34am Oct 4, 2010 10:34am
Quoting samdol
Good luck.

Bernanke will speak in about 3 1/2 hours. Who knows what will happen then.
Yep, any position I'm in, I'll be out of before that takes place.
  • #258,279
  • Oct 4, 2010 10:37am Oct 4, 2010 10:37am
IMO. Mondays... it seams like the market is just going to be calm ranging day building up later for NFP. It's a scalping day for me, I had some small winning shorts off supply levels for EU and GU and flat for now.

Winning trades to all.
  • #258,280
  • Oct 4, 2010 10:40am Oct 4, 2010 10:40am
Quoting samdol
Good luck.

Bernanke will speak in about 3 1/2 hours. Who knows what will happen then.
I imagine it'll be more around these lines:

http://www.forexlive.com/136732/all/...out-qe-options
check out my blog: forexmademillionaire dot com
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