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Cable Update (GBPUSD)

  • #260,341
  • Oct 13, 2010 12:15pm Oct 13, 2010 12:15pm
Quoting USD-Bear
lol, they missed SL for my longs @ 1.5805 by 1 pip, imagine.....
=))

nice luck! is your broker using a fixed spread? because my broker sometimes "cheating" on me.. spread widened sometimes.. and often makes me feels that they widened the spreads just to reach and catch my SL..

poor me...
  • #260,342
  • Oct 13, 2010 12:16pm Oct 13, 2010 12:16pm
I added to my Cable shorts at 1.5885
check out my blog: forexmademillionaire dot com
  • #260,343
  • Oct 13, 2010 12:19pm Oct 13, 2010 12:19pm
Quoting Geppy
I added to my Cable shorts at 1.5885
Couldn't you wait until 1.5905?
Don't be a hero. Don't have an ego. Always question yourself
  • #260,344
  • Oct 13, 2010 12:21pm Oct 13, 2010 12:21pm
Quoting plumiash
=))

nice luck! is your broker using a fixed spread? because my broker sometimes "cheating" on me.. spread widened sometimes.. and often makes me feels that they widened the spreads just to reach and catch my SL..

poor me...
No spreads variate, but they like me I guess
Don't be a hero. Don't have an ego. Always question yourself
  • #260,345
  • Oct 13, 2010 12:21pm Oct 13, 2010 12:21pm
You know i have been trying to suss out what direction it wanted to go today, and blow me down, half way through this up move last hour i pulled a fib..... From 8.00am gmt it was just in retracement, hit the 61.8% fib (red arrow)
Then straight for the high..

Where are we going to end today, i wonder.

It is the hardest part of trading looking at the days candles and saying to yourself "ahhhh thats what it was doing"

Warren
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 14 KB
I need to finish something i started
  • #260,346
  • Edited 12:47pm Oct 13, 2010 12:29pm | Edited 12:47pm
Quoting bigwal
You know i have been trying to suss out what direction it wanted to go today, and blow me down, half way through this up move last hour i pulled a fib..... From 8.00am gmt it was just in retracement, hit the 61.8% fib (red arrow)
Then straight for the high..

Where are we going to end today, i wonder.

It is the hardest part of trading looking at the days candles and saying to yourself "ahhhh thats what it was doing"

Warren
If you are counting waves you see clearly we know have 1 more move down for a double bottom or fresh low so I hedged my longs & added shorts I thought the retracement was done last night but this morning the waves that formed confirm my view since Sunday that this retracement should last all week!
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 3wave.jpg Size: 175 KB
  • #260,347
  • Oct 13, 2010 12:38pm Oct 13, 2010 12:38pm
  •  samirb
  • | Joined Nov 2009 | Status: Investing is simple, but not easy. | 247 Posts
Quoting samirb
Good day everyone..

Long term view updated

old chart
http://cdn.forexfactory.com/attachme...1&d=1284709459

Current chart

Good day everyone

updated chart
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 76 KB
  • #260,348
  • Oct 13, 2010 12:43pm Oct 13, 2010 12:43pm
That's a break off a bull-flag, but something is not working.....

Attached Image (click to enlarge)
Click to Enlarge Name: Picture0058.png Size: 30 KB
Don't be a hero. Don't have an ego. Always question yourself
  • #260,349
  • Oct 13, 2010 12:52pm Oct 13, 2010 12:52pm
Quoting Geppy
I added to my Cable shorts at 1.5885
  • #260,350
  • Oct 13, 2010 12:54pm Oct 13, 2010 12:54pm
Quoting Allseeingeye
weren't you bullish yesterday, seeingeye?
check out my blog: forexmademillionaire dot com
  • #260,351
  • Oct 13, 2010 1:00pm Oct 13, 2010 1:00pm
Well that's my target for the day got.........

Good luck with the greeniees..$$$$$......... everyone
  • #260,352
  • Oct 13, 2010 1:02pm Oct 13, 2010 1:02pm
Quoting USD-Bear
That's a break off a bull-flag, but something is not working.....

Attachment
and i'm expecting at least in 1.5911..

do you have any idea why it's look like a slowing down at this moment?
  • #260,353
  • Oct 13, 2010 1:06pm Oct 13, 2010 1:06pm
Quoting USD-Bear
That's a break off a bull-flag, but something is not working.....

Attachment
Good day,

Price is obviously stallling in this region, as it is an area of strong resistance. The thick green line is a primary directional line based on price and time. This is holding price back. Price is attempting to break through. The next hourly bar will show if this line is gonna offer support - together with the 1.5881 level holding as further support.

Should it hold, yesterdays high (1.5916) is the only further blockage to the weekly open @ 1.5950.

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: gu3.gif Size: 23 KB
  • #260,354
  • Oct 13, 2010 1:07pm Oct 13, 2010 1:07pm
Quoting USD-Bear
added a long @ 1.5850
same SL @ 1.5805
Closed both longs @ 1.5905 for +155 what a great day!
Now awaiting some GB-QE2 hints before entering shorts.....
Don't be a hero. Don't have an ego. Always question yourself
  • #260,355
  • Oct 13, 2010 1:09pm Oct 13, 2010 1:09pm
Quoting plumiash
and i'm expecting at least in 1.5911..

do you have any idea why it's look like a slowing down at this moment?
No, no idea, its all day relative strength/relative weakness
Don't be a hero. Don't have an ego. Always question yourself
  • #260,356
  • Oct 13, 2010 1:15pm Oct 13, 2010 1:15pm
now i see 1.60, because it brake ressistance
  • #260,357
  • Oct 13, 2010 1:15pm Oct 13, 2010 1:15pm
A break of 159.55 would take this ninja to 162.80 area over coming days..
  • #260,358
  • Oct 13, 2010 1:22pm Oct 13, 2010 1:22pm
Quoting Purple
A break of 159.55 would take this ninja to 162.80 area over coming days..
Good day,

This is the exact same number I have as the longer term decision line for longer term bullishness. Until that level goes - it has to be neutral bearish as a longer term view.

all the best
Attached Image (click to enlarge)
Click to Enlarge Name: gu3.gif Size: 26 KB
  • #260,359
  • Oct 13, 2010 1:25pm Oct 13, 2010 1:25pm
Quoting TauTrader
Good day,

Price is obviously stallling in this region, as it is an area of strong resistance. The thick green line is a primary directional line based on price and time. This is holding price back. Price is attempting to break through. The next hourly bar will show if this line is gonna offer support - together with the 1.5881 level holding as further support.

Should it hold, yesterdays high (1.5916) is the only further blockage to the weekly open @ 1.5950.

Regards
Thanks TauTrader, that must be it, glad it broke
Don't be a hero. Don't have an ego. Always question yourself
  • #260,360
  • Oct 13, 2010 1:37pm Oct 13, 2010 1:37pm
sell at 1.59022
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