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Cable Update (GBPUSD)

  • #260,361
  • Oct 13, 2010 1:43pm Oct 13, 2010 1:43pm
Quoting TauTrader
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
I think if we manage to close today above yesterdays open price which is 158.85... than we will break 159.55 tomorrow london... but there is this news at 4PM so I would be looking into that too for a possible break at that time or maybe a reversal..
  • #260,362
  • Oct 13, 2010 2:10pm Oct 13, 2010 2:10pm
Quoting Geppy
weren't you bullish yesterday, seeingeye?
look I was but now I see that the move up came in 3 waves & when I re analized my view from Sunday that we will be retracing to 157 the whole week I realized that my view yesterday was only wave 2 of the retracement so know we are into wave 3 down after that I am VERY BULLISH GBP.
  • #260,363
  • Oct 13, 2010 2:17pm Oct 13, 2010 2:17pm
Quoting talond
sell at 1.59022
  • #260,364
  • Oct 13, 2010 2:39pm Oct 13, 2010 2:39pm
this is what i see .....Long Term
Cable DOWN
eurchf down ... just sold
eurjpy buy
dragon UP
gbpchf Down
eurusd down .... just sold
usdchf down
euraud down
eurcad down
audusd???
eurgbp???

I trade all pairs at once.. Hope i get out of this with my shirt..
  • #260,365
  • Oct 13, 2010 2:46pm Oct 13, 2010 2:46pm
Anyone short GU leading up to BB speech?
  • #260,366
  • Oct 13, 2010 2:49pm Oct 13, 2010 2:49pm
Quoting Allseeingeye
look I was but now I see that the move up came in 3 waves & when I re analized my view from Sunday that we will be retracing to 157 the whole week I realized that my view yesterday was only wave 2 of the retracement so know we are into wave 3 down after that I am VERY BULLISH GBP.
Ok, gotcha. Thanks for the explanation.
check out my blog: forexmademillionaire dot com
  • #260,367
  • Oct 13, 2010 2:58pm Oct 13, 2010 2:58pm
Somewhat of a H&S on the m5 forming. hope it continues.
  • #260,368
  • Oct 13, 2010 3:01pm Oct 13, 2010 3:01pm
Quoting mck6206
Anyone short GU leading up to BB speech?
I am. stop loss set at 1.5920, hopefully that is enough wiggle room.

Didn't put much into it, so it isn't going to kill me either way.
  • #260,369
  • Oct 13, 2010 3:20pm Oct 13, 2010 3:20pm
Does anyone know where I can see BB speaking live? There is nothing on Bloomberg about it.. they talking about miners rescued..
  • #260,370
  • Oct 13, 2010 3:21pm Oct 13, 2010 3:21pm
cnbc.com, WATCH BERNANKE SPEAK IN PITTSBURGH
  • #260,371
  • Oct 13, 2010 3:27pm Oct 13, 2010 3:27pm
Quoting mck6206
cnbc.com, WATCH BERNANKE SPEAK IN PITTSBURGH
Thanks.. but I still cant find it on their website.. anyways.. its past 4.10 now.. looks like a non-event thing..
  • #260,372
  • Oct 13, 2010 5:31pm Oct 13, 2010 5:31pm
I swear I am destined to be stopped out!
  • #260,373
  • Oct 13, 2010 5:43pm Oct 13, 2010 5:43pm
Quoting mck6206
I swear I am destined to be stopped out!
Remove your stops...

You will only have that issue on a margin call....


AND THEN....

You could say that you are destined to be margined out...

See, yer all dark cloud and I'm all silver lining, today?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #260,374
  • Oct 13, 2010 6:11pm Oct 13, 2010 6:11pm
long 15910...looking to break 15915 res
  • #260,375
  • Oct 13, 2010 6:13pm Oct 13, 2010 6:13pm
out for 10
  • #260,376
  • Oct 13, 2010 6:40pm Oct 13, 2010 6:40pm
short @ 15931
  • #260,377
  • Oct 13, 2010 6:43pm Oct 13, 2010 6:43pm
Evening Chazzle,

Bit of late night trading eh?......lol
  • #260,378
  • Oct 13, 2010 6:47pm Oct 13, 2010 6:47pm
Quoting TommyPips
Evening Chazzle,

Bit of late night trading eh?......lol
alright Tommy! - yeah,any luck I'll be able to buy a mars bar tomorrow with the profit
  • #260,379
  • Oct 13, 2010 6:53pm Oct 13, 2010 6:53pm
Resistance at 159.55 and than 160.20
  • #260,380
  • Oct 13, 2010 6:57pm Oct 13, 2010 6:57pm
Quoting chazzle
alright Tommy! - yeah,any luck I'll be able to buy a mars bar tomorrow with the profit
I'm sure you'll manage more than that...lol

Tempted to go short myself!....if I do it will go up...lol
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