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Cable Update (GBPUSD)

  • #259,941
  • Oct 11, 2010 11:49pm Oct 11, 2010 11:49pm
Quoting USD-Bear
Yes we suckers, should look for another job
But it will be there again......
London ain't seen that number yet, will be looking for EU to hit its 200 on the H1 and see where cable is at, at this point.

Couple of quickies to be made on the shakes.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #259,942
  • Oct 11, 2010 11:51pm Oct 11, 2010 11:51pm
Quoting Pipwanderer
What kind of trader are you. intraday...and what time frames?
I don't know how best to describe it really ( still demoing ),

Intraday, I don't hold trades overnight
I watch the 5M and 1H charts
mainly breakouts, but around this time look to trade the early fakes
  • #259,943
  • Oct 11, 2010 11:56pm Oct 11, 2010 11:56pm
Quoting Magix
London ain't seen that number yet, will be looking for EU to hit its 200 on the H1 and see where cable is at, at this point.

Couple of quickies to be made on the shakes.
Could be, me just watching USDX, and I don't trust it
Don't be a hero. Don't have an ego. Always question yourself
  • #259,944
  • Oct 12, 2010 12:03am Oct 12, 2010 12:03am
cutting my 15893 entry to lower risk (-15) was a silly entry still long from 15872
  • #259,945
  • Oct 12, 2010 12:11am Oct 12, 2010 12:11am
Quoting chazzle
cutting my 15893 entry to lower risk (-15) was a silly entry still long from 15872
Hey Chaz... are you basing that on support around yesterdays low thats been hit a few times? Price looks a little downtrending though no?
  • #259,946
  • Oct 12, 2010 12:18am Oct 12, 2010 12:18am
Quoting chazzle
cutting my 15893 entry to lower risk (-15) was a silly entry still long from 15872
closing for 20 and scalp mode well and truly on...
  • #259,947
  • Oct 12, 2010 12:21am Oct 12, 2010 12:21am
Quoting Jazznos
Hey Chaz... are you basing that on support around yesterdays low thats been hit a few times? Price looks a little downtrending though no?
posted this last night Jazznos have a look S&R
Attached Image (click to enlarge)
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  • #259,948
  • Oct 12, 2010 12:27am Oct 12, 2010 12:27am
its 15872 again....its long again
  • #259,949
  • Oct 12, 2010 12:32am Oct 12, 2010 12:32am
Quoting chazzle
its 15872 again....its long again
price is struggling out @ BE

pending long 15855
  • #259,950
  • Oct 12, 2010 12:41am Oct 12, 2010 12:41am
Quoting chazzle
posted this last night Jazznos have a look S&R
Hmmm well i entered late maybe, 1.5892 based on a fib breach from my system, but alas the entry was the high of the last candle and it nosedived from there.

Lucky im on DEMO until I can figure this out!

On the other hand, based on my read of going short, if i had shorted instead of going long at that point i would have had 30 pips!!
  • #259,951
  • Oct 12, 2010 12:44am Oct 12, 2010 12:44am
Whilst waiting for the 9.30am CPI update I would suspect market price will stay low and bounce occasionally .......... Only my opinion. No longs yet... Wait for the 9.30am updates to see todays direction..
  • #259,952
  • Oct 12, 2010 12:46am Oct 12, 2010 12:46am
Quoting Jazznos
Hmmm well i entered late maybe, 1.5892 based on a fib breach from my system, but alas the entry was the high of the last candle and it nosedived from there.

Lucky im on DEMO until I can figure this out!

On the other hand, based on my read of going short, if i had shorted instead of going long at that point i would have had 30 pips!!
good luck Jazznos- you can profit either way long or short.Always safer to go with larger trend though.Support and Resistance is fundamental and is "proactive" as a leading indicator - Fib , trendline and "reactive" as a lagging indicator - historical price action
  • #259,953
  • Oct 12, 2010 12:47am Oct 12, 2010 12:47am
9:30am GBP CPI y/y



9:30am GBP Core CPI y/y



9:30am GBP MPC Member Miles Speaks





9:30am GBP Trade Balance



9:30am GBP DCLG HPI y/y


9:30am GBP RPI y/y

http://www.forexfactory.com/calendar.php
  • #259,954
  • Oct 12, 2010 1:03am Oct 12, 2010 1:03am
Long @ 1.5854 78 on USDX being special level
Not sure.....
Don't be a hero. Don't have an ego. Always question yourself
  • #259,955
  • Oct 12, 2010 1:12am Oct 12, 2010 1:12am
Quoting USD-Bear
Long @ 1.5854 78 on USDX being special level
Not sure.....
Quoting Magix
London ain't seen that number yet, will be looking for EU to hit its 200 on the H1 and see where cable is at, at this point.

Couple of quickies to be made on the shakes.
Kinda coincides with support on EU200 EMA on the hourly....

Chanced one here as well....
Attached Image (click to enlarge)
Click to Enlarge Name: eu200.jpg Size: 73 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #259,956
  • Oct 12, 2010 1:12am Oct 12, 2010 1:12am
DJIA , Gold , OIl , S&P all turning down but their up-trends still intact DXY up but downtrend still intact.Short term risk off-driving £ down.CPI in 20 mins
  • #259,957
  • Oct 12, 2010 1:16am Oct 12, 2010 1:16am
  •  samirb
  • | Joined Nov 2009 | Status: Investing is simple, but not easy. | 247 Posts
Good day everyone

Gone long bullish gartley.. two positions 15860 and 15870


Good luck
  • #259,958
  • Oct 12, 2010 1:22am Oct 12, 2010 1:22am
Quoting samirb
Good day everyone

Gone long bullish gartley.. two positions 15860 and 15870


Good luck
what is your SL???

Ub
  • #259,959
  • Oct 12, 2010 1:29am Oct 12, 2010 1:29am
  •  samirb
  • | Joined Nov 2009 | Status: Investing is simple, but not easy. | 247 Posts
Quoting ubaidahsan
what is your SL???

Ub

Good day bro

I use visual stop... kill my trade quickly when my plan doesnot workout.. but emergency stop is at 15800

Good luck
  • #259,960
  • Oct 12, 2010 1:29am Oct 12, 2010 1:29am
Seems I'm the only one here with a bearish short term bias atm. Scared outa me wits by the divergence with MACD on higher tf's. Good luck to all the longs anyways.

PS: still got a long open from down at 1.55 myself and did not act on my bias yet.
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