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Cable Update (GBPUSD)

  • #259,441
  • Oct 7, 2010 7:20am Oct 7, 2010 7:20am
Quoting wormboy
75.75 has a high probability for a technical bounce if you do believe in trendlines & chart patterns.
If you only believe the whisperers i can't help you.

closed the short for a chicken burger..lol
all long again
  • #259,442
  • Oct 7, 2010 7:23am Oct 7, 2010 7:23am
Quoting wormboy
75.75 has a high probability for a technical bounce if you do believe in trendlines & chart patterns.
If you only believe the whisperers i can't help you.

WB your charts are always a sight for sore eyes, especially as they are so clear and un cluttered.......

My wife says you can whisper in her ear anytime...........
  • #259,443
  • Oct 7, 2010 7:23am Oct 7, 2010 7:23am
Quoting nAVIN2007
closed the short for a chicken burger..lol
all long again
lol nice one bro
Thank You
  • #259,444
  • Oct 7, 2010 7:24am Oct 7, 2010 7:24am
Who belive in a retrace to 1.59 ?

Only me?!
  • #259,445
  • Oct 7, 2010 7:27am Oct 7, 2010 7:27am
Quoting dptrader
Who belive in a retrace to 1.59 ?

Only me?!
1.5920 is about as far as I can see it going... More likely 1.5935 though.
  • #259,446
  • Oct 7, 2010 7:28am Oct 7, 2010 7:28am
Quoting wormboy
lol nice one bro
i feel it has encounter some support i dont think the trend is down
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  • #259,447
  • Oct 7, 2010 7:30am Oct 7, 2010 7:30am
Quoting dlumbangaol
stopped out at @5900, 30pips profit, tis all good. preparing for another long position
opened buy @5922, still holding long
Volume, MA, Fractal
  • #259,448
  • Oct 7, 2010 7:37am Oct 7, 2010 7:37am
Gu support 1.5965 weekly 61.8%, so it will bounce up or down if we have a clear break.
Join My Signal On Telegram at @forextradingforlivingsignal
  • #259,449
  • Oct 7, 2010 7:38am Oct 7, 2010 7:38am
Quoting dlumbangaol
opened buy @5922, still holding long
I would hold as well, b'cos I think price is likely to retest 1.6017 and possibly go higher. Hang in there.
  • #259,450
  • Oct 7, 2010 7:43am Oct 7, 2010 7:43am
Quoting obaasima
I would hold as well, b'cos I think price is likely to retest 1.6017 and possibly go higher. Hang in there.
yup, anyways, i got trailing stop, at least 38pips is already sure profit
Volume, MA, Fractal
  • #259,451
  • Oct 7, 2010 7:45am Oct 7, 2010 7:45am
In principle bullish for cable (1.70 we're coming ) but would like to draw attention to significant divergence in MACD on higher tf's (1h and d1).
  • #259,452
  • Oct 7, 2010 7:54am Oct 7, 2010 7:54am
was a good decision

end of month target 1.63 ..i think it is on!
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  • #259,453
  • Oct 7, 2010 7:55am Oct 7, 2010 7:55am
Quoting nAVIN2007
was a good decision
  • #259,454
  • Oct 7, 2010 7:59am Oct 7, 2010 7:59am
Quoting AnonYmos
In principle bullish for cable (1.70 we're coming ) but would like to draw attention to significant divergence in MACD on higher tf's (1h and d1).
you're a believer now
Thank You
  • #259,455
  • Oct 7, 2010 7:59am Oct 7, 2010 7:59am
Quoting AdrianHNV
i think we actually broke the high of the previous bearish monthly candle..invalidating it..the long shot may pay off

Quoting wormboy
you're a believer now http://cdn.forexfactory.com/images/s...yim/tongue.gif
we coming!!!!!!

this month open was a beauty to get in long
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  • #259,456
  • Oct 7, 2010 8:09am Oct 7, 2010 8:09am
Quoting nAVIN2007
i think we actually broke the high of the previous bearish monthly candle..invalidating it..the long shot may pay off



we coming!!!!!!

this month open was a beauty to get in long
Lots of resistance on the way back up this time, so may take a little while to break through the top again.
  • #259,457
  • Oct 7, 2010 8:11am Oct 7, 2010 8:11am
Quoting wormboy
anyway, let's just get back to cable. Unfortunately all I have to offer is a chart as I have no floor buddies whispering in my ear every 2 minutes.
Current stall is at the d1 & w1 pvp resistance but after price had taken out previous hi & invalidating previous day doji I am inclined towards cable testing new highs. I'm maintaining current long position as price is trading above the dp & will only reevaluate my trade position if price close below the dp.
Let's see how it goes.

Good luck
damn these charts do work! who wudda thunk .. lol
okay we got the new highs anticipated. current stall is at the secondary daily resistance & monthly resistance. Will we go higher? Well judging by the previous bar close, I won't bet against it. But will we get it today is another matter as cable had done its daily range. I've cleared partial profit and left the remaining to work. No change of bias and direction for me atm.

Good luck
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Thank You
  • #259,458
  • Oct 7, 2010 8:17am Oct 7, 2010 8:17am
thanks wormhole

I have swissy going up slowly, euor and gb going down slowly...... like synchronized hippos
  • #259,459
  • Oct 7, 2010 8:21am Oct 7, 2010 8:21am
Quoting wormboy
damn these charts do work! who wudda thunk .. lol
okay we got the new highs anticipated. current stall is at the secondary daily resistance & monthly resistance. Will we go higher? Well judging by the previous bar close, I won't bet against it. But will we get it today is another matter as cable had done its daily range. I've cleared partial profit and left the remaining to work. No change of bias and direction for me atm.

Good luck
i think we are in a new range 1.58 - 1.68
monthly hasnt respected 1.63 at all..we maybe in for a good ride north
  • #259,460
  • Oct 7, 2010 8:21am Oct 7, 2010 8:21am
Quoting AdrianHNV
thanks wormhole

I have swissy going up slowly, euor and gb going down slowly...... like synchronized hippos
Euro going up fast, I'd say. Getting back to pre-crisis levels which is about 1.50.
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