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Cable Update (GBPUSD)

  • #258,661
  • Oct 5, 2010 9:31am Oct 5, 2010 9:31am
Quoting uksnowman
I have it a little lower but will vary on broker's charts with that spike down. Normally if cable respects the 50 level we are set for a continued upmove and if price doesn't get back below even the 38.2 level then PA still seems very bullish as we are seeing now. I am holding my longs for now.

Yes, also look at the long bottom wicks on the last 2 M30 candles. Just looking for a decent entry point...
  • #258,662
  • Oct 5, 2010 9:35am Oct 5, 2010 9:35am
I am waiting for gu to break 1.5900 level.

I am long since 1.5879
  • #258,663
  • Oct 5, 2010 9:41am Oct 5, 2010 9:41am
Out with 48 pips for the day. Good trading everyone.
Today's zone = Tomorrow's opportunity!
  • #258,664
  • Oct 5, 2010 9:43am Oct 5, 2010 9:43am
Quoting pres78
Out with 48 pips for the day. Good trading everyone.
congrats mate.

I am observing that the price has gone over 1.59 so many times but it comes down again.
  • #258,665
  • Oct 5, 2010 9:46am Oct 5, 2010 9:46am
The longs got there in the end.

UK had to close first though.

I hope all that were and are long, earn all they desire. :-)
Dan TheMan
  • #258,666
  • Oct 5, 2010 9:47am Oct 5, 2010 9:47am
Quoting WanderingDan
The longs got there in the end.

UK had to close first though.

I hope all that were and are long, earn all they desire. :-)
yeah. Hope it continues at least till 1.5939. That is my first take profit.
  • #258,667
  • Oct 5, 2010 9:47am Oct 5, 2010 9:47am
Quoting AdrianHNV
really well thanks, managed to come out in profit of a few long term trades, the car park fees were starting to mount up.

Plus a few extras from yesterday and todays trading so overall. well deserving of a nice brandy later on much like you I suspect
Well done mate.

Best of luck, I hope tomorrow pays well also.
Dan TheMan
  • #258,668
  • Oct 5, 2010 9:48am Oct 5, 2010 9:48am
If we clear 5922 does anyone see much in the way of resistance before 5994?
  • #258,669
  • Oct 5, 2010 9:48am Oct 5, 2010 9:48am
exit light .. enter night ... take my hand .. off to never neverland
Thank You
  • #258,670
  • Oct 5, 2010 9:49am Oct 5, 2010 9:49am
well that went to plan a bit quicker than expected! took some profit there a few pips off the previous candle high.

Looks like that high will not hold so if 5920 high from last week holds then maybe another long entry could be around 5885 area depending on how price reacts.
  • #258,671
  • Oct 5, 2010 9:49am Oct 5, 2010 9:49am
Quoting ammarmemon
congrats mate.

I am observing that the price has gone over 1.59 so many times but it comes down again.
Thanks... been a good week so far. Much left to trade though. Big day on Friday with NFP.
Today's zone = Tomorrow's opportunity!
  • #258,672
  • Oct 5, 2010 9:49am Oct 5, 2010 9:49am
Quoting uksnowman
well that went to plan a bit quicker than expected! took some profit there a few pips off the previous candle high.

Looks like that high will not hold so if 5920 high from last week holds then maybe another long entry could be around 5885 area depending on how price reacts.
938 plez
Thank You
  • #258,673
  • Oct 5, 2010 9:51am Oct 5, 2010 9:51am
Quoting wormboy
exit light .. enter night ... take my hand .. off to never neverland
http://www.metalmusicarchives.com/im...-metallica.jpg
check out my blog: forexmademillionaire dot com
  • #258,674
  • Oct 5, 2010 9:52am Oct 5, 2010 9:52am
Quoting wormboy
938 plez
Hmmm... my TP is at 1.6030
check out my blog: forexmademillionaire dot com
  • #258,675
  • Oct 5, 2010 9:52am Oct 5, 2010 9:52am
Quoting wormboy
938 plez

Its trying
Enter Signature
  • #258,676
  • Oct 5, 2010 9:52am Oct 5, 2010 9:52am
Weekly R1 at 5926 could provide some resistance. (Time will tell).

After that 5994 Daily R3...
Today's zone = Tomorrow's opportunity!
  • #258,677
  • Oct 5, 2010 9:53am Oct 5, 2010 9:53am
Quoting Delite
If we clear 5922 does anyone see much in the way of resistance before 5994?
You are right.

I can't find any resistance in between the levels u have mentioned. The key level to be broken is 1.5922.
  • #258,678
  • Oct 5, 2010 9:53am Oct 5, 2010 9:53am
Quoting Geppy
Hmmm... my TP is at 1.6030
Mine is 1.5979....I've been waiting all day lol
Enter Signature
  • #258,679
  • Oct 5, 2010 9:57am Oct 5, 2010 9:57am
Quoting ammarmemon
yeah. Hope it continues at least till 1.5939. That is my first take profit.
I would take at 1.5925 if there was a few pips profit.
Might see some resistance higher than that.

I may be wrong and I hope I am, but I can't see a long run up coming.
Dan TheMan
  • #258,680
  • Oct 5, 2010 9:58am Oct 5, 2010 9:58am
in a moment bro

i am still far away 5990 for partial

Quoting wormboy
938 plez
not euphoria follower
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