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Cable Update (GBPUSD)

  • #259,821
  • Oct 9, 2010 8:08pm Oct 9, 2010 8:08pm
say what you will, but the rally from 53 has been sold into. From my volume indicator(which changes to show real volumes) is showing that longs are exiting(please don't ask me how to explain this). Indicators are starting to turn over so is PA. I just have monthly pivots up now until sunday night when new weekly is autodrawn for me. There will probably be some selling pressure as it moves toward 60( monthly R1 5992). Thats a pretty strong resistance there. Im not going to try to predict price or anything lol( ill leave that to the analysts), who knows these crazy times we are in regarding fundies, but I will say that I am selling all rallies.
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  • #259,822
  • Oct 10, 2010 3:02pm Oct 10, 2010 3:02pm
Hi Guys. It's Sunday 9pm (GMT). The opening price is 1.59446 - Good luck with your trades this week.
You've got to be IN IT to WIN IT!
  • #259,823
  • Oct 10, 2010 4:19pm Oct 10, 2010 4:19pm
daily Gu

http://www.forexrainbow.com/files/iz...8qe6gol7d6.gif
A little beginner trader since 2006
  • #259,824
  • Oct 10, 2010 4:19pm Oct 10, 2010 4:19pm
short @ 15950 ... looks weak to me
  • #259,825
  • Oct 10, 2010 4:22pm Oct 10, 2010 4:22pm
Look At my 15min and open pos now.

http://www.forexrainbow.com/files/ss...ioo9u8031s.jpg
A little beginner trader since 2006
  • #259,826
  • Oct 10, 2010 5:09pm Oct 10, 2010 5:09pm
Morning and Night,

Happy New Trading Week All


Rgds,Iqyu

http://www.forexfactory.com/showpost...&postcount=746
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not euphoria follower
  • #259,827
  • Oct 10, 2010 6:11pm Oct 10, 2010 6:11pm
Quoting chazzle
short @ 15950 ... looks weak to me
closing for 10 loss...no 15m candle closed below the open so far...should have taken my 20 when I had the chance...
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  • #259,828
  • Oct 10, 2010 6:14pm Oct 10, 2010 6:14pm
Quoting Naseri13
Look At my 15min and open pos now.

http://www.forexrainbow.com/files/ss...ioo9u8031s.jpg
Time too close with 80 pips.
A little beginner trader since 2006
  • #259,829
  • Oct 10, 2010 7:50pm Oct 10, 2010 7:50pm
Pound dropping nice to 1.5916 would say that be a postion for longs again maybe.

Consider it a landing platform
I need to finish something i started
  • #259,830
  • Oct 10, 2010 7:56pm Oct 10, 2010 7:56pm
i see a head and shoulders on the h1... i am short right now... it could drop 100 pips.
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  • #259,831
  • Oct 10, 2010 8:22pm Oct 10, 2010 8:22pm
i closed out my short with 2.5 pips and switch directions...see what happens...i think nothing more than a few pips... but we will see.
  • #259,832
  • Oct 10, 2010 8:39pm Oct 10, 2010 8:39pm
Quoting mpurdy1973
i see a head and shoulders on the h1... i am short right now... it could drop 100 pips.
wondering why you change direction from short to long that easily since your analysis based on H1 chart. I would understand if your analysis were based on 1 minute chart. Are you scalping the H1 chart?
  • #259,833
  • Oct 10, 2010 8:58pm Oct 10, 2010 8:58pm
watch last friday move in m30 or 1H ( around news time ) , you could see there is strong resistance then broken. this could be our next support... not at fixed level but could be watched the area as our next support

but heyyy.... i am newbie also.... i could be wrong
Time will tell ....

rgds,iqyu
http://www.forexfactory.com/showpost...&postcount=746
http://www.forexfactory.com/showpost...&postcount=749

Quoting samdol
wondering why you change direction from short to long that easily since your analysis based on H1 chart. I would understand if your analysis were based on 1 minute chart. Are you scalping the H1 chart?
not euphoria follower
  • #259,834
  • Oct 10, 2010 9:09pm Oct 10, 2010 9:09pm
Quoting iqyu5an
watch last friday move in m30 or 1H ( around news time ) , you could see there is strong resistance then broken. this could be our next support... not at fixed level but could be watched the area as support

but heyyy.... i am newbie also.... i could be wrong
Time will tell ....

rgds,iqyu
http://www.forexfactory.com/showpost...&postcount=746
http://www.forexfactory.com/showpost...&postcount=749
bro,

1.5930 ... that level has been tested 3 times in 15 minute chart. while 1.5961 has been tested only once.

No bias of the direction. Price can go anywhere they like.
  • #259,835
  • Oct 10, 2010 9:13pm Oct 10, 2010 9:13pm
agree brother.....this is forex

rgds,iqyu


Quoting samdol
bro,

1.5930 ... that level has been tested 3 times in 15 minute chart. while 1.5961 has been tested only once.

No bias of the direction. Price can go anywhere they like.
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not euphoria follower
  • #259,836
  • Oct 10, 2010 11:39pm Oct 10, 2010 11:39pm
Daily
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  • #259,837
  • Oct 11, 2010 12:39am Oct 11, 2010 12:39am
Good morning folks.

Dark cold and damp here this morning, hopefully it will brighten up as the day gets going.

Looking at a good 'correlation set up at the present time for maybe long for +20 or so positive pips from 5942
  • #259,838
  • Oct 11, 2010 12:41am Oct 11, 2010 12:41am
Quoting AdrianHNV
Good morning folks.

Dark cold and damp here this morning, hopefully it will brighten up as the day gets going.

Looking at a good 'correlation set up at the present time for maybe long for +20 or so positive pips from 5942
yupyup....very flat starting this week....bank holiday in japan as well -.-
Hero calls followed by margin calls...
  • #259,839
  • Oct 11, 2010 1:04am Oct 11, 2010 1:04am
Quoting AdrianHNV
Good morning folks.

Dark cold and damp here this morning, hopefully it will brighten up as the day gets going.

Looking at a good 'correlation set up at the present time for maybe long for +20 or so positive pips from 5942
Morning all, much the same here.
  • #259,840
  • Oct 11, 2010 1:06am Oct 11, 2010 1:06am
Quoting AdrianHNV
Good morning folks.

Dark cold and damp here this morning, hopefully it will brighten up as the day gets going.

Looking at a good 'correlation set up at the present time for maybe long for +20 or so positive pips from 5942

Just goes to show that, not all 'correlations go the way they look like they are setting up', if I had gone short I could have got +8 to +10 Such is life.
Have got out first trade on Monday morning at - 9 no biggy
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