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Cable Update (GBPUSD)

  • #260,461
  • Oct 14, 2010 3:45am Oct 14, 2010 3:45am
If you dont have it on MT4 you can access it here...
http://www.netdania.com/Products/liv...Chart.aspx?m=c

trade well

Quoting lechidi
kindly guide me on how to monitor this USDX I always read people talking about. what is it and how do i use it to guide my trading of the cable? will be very grateful for your help.

thanks
  • #260,462
  • Oct 14, 2010 3:45am Oct 14, 2010 3:45am
Quoting trending
65 is an interesting number. There are resistances on 5965, 5865 5765 and now 6065. With some help from the weekly R1.

Is 65 the new 50?

Hope 1.5965 now acts as strong supoort
Mind over matter..I don't mind and you don't matter.
  • #260,463
  • Oct 14, 2010 3:48am Oct 14, 2010 3:48am
Quoting wormboy
don't go straight to 6200 without me. I'm short here for a few, stop @6100.
Hope you're feeling better
Good day to you,

yip - would make sense. Common sense dictates that such an important level will not be left alone ( 1.6017 - high of last week), without them taking out some fresh stops placed there now. Upside may be limited to 1.6078/1.6080 for now...

Just an observation.

Good luck to you
Attached Image (click to enlarge)
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  • #260,464
  • Oct 14, 2010 3:48am Oct 14, 2010 3:48am
Quoting Sutts
Sorry if this has been mentioned already but is anyone watching for the completion of this nice bearish crab pattern on H4?

1.6094 entry

Yup saw that, provided it reaches there today. Nice bull flag now, see if it works. Retracement .382 complete. Once the bull flag breaks, there's a chance it goes to the 1.27 FE of the current AB=CD which will complete the crab pattern at around 1.6090.
  • #260,465
  • Oct 14, 2010 3:50am Oct 14, 2010 3:50am
Short myself @ 1.605, TP 1 ~ 1.592, no SL, timeframe:hourly/daily
Reason: gut feeling of partial retracement of 200+ upmove
  • #260,466
  • Oct 14, 2010 3:50am Oct 14, 2010 3:50am
AS i was expecting strong upmove yesterday market react like that but now tome for some retrace if today we close above 5964 then sure 6200 this week good luck buy on dips

Ub
Attached Image (click to enlarge)
Click to Enlarge Name: gutl.JPG Size: 163 KB
  • #260,467
  • Oct 14, 2010 3:53am Oct 14, 2010 3:53am
Quoting fahdli
Short myself @ 1.605, TP 1 ~ 1.592, no SL, timeframe:hourly/daily
Reason: gut feeling of partial retracement of 200+ upmove
not expecting more then 5950-5980 correction good luck let see how it goes i am also short will buy again for 6200

Ub
  • #260,468
  • Oct 14, 2010 3:54am Oct 14, 2010 3:54am
Quoting lechidi
kindly guide me on how to monitor this USDX I always read people talking about. what is it and how do i use it to guide my trading of the cable? will be very grateful for your help.

thanks
Attached Image


You can find it here:

http://www.forexpros.com/quotes/us-d...advanced-chart
Don't be a hero. Don't have an ego. Always question yourself
  • #260,469
  • Oct 14, 2010 3:57am Oct 14, 2010 3:57am
Are you on demo account or real?

Quoting fahdli
Short myself @ 1.605, TP 1 ~ 1.592, no SL, timeframe:hourly/daily
Reason: gut feeling of partial retracement of 200+ upmove
  • #260,470
  • Oct 14, 2010 3:59am Oct 14, 2010 3:59am
Quoting AdrianHNV

"If this comes off I will donate half of the profit to the UNICEF and the other half to WWF"
This is extremely generous of you Adrian.
What size position did you put on?
Dan TheMan
  • #260,471
  • Oct 14, 2010 4:08am Oct 14, 2010 4:08am
Quoting chazzle
added a few more then out for small profit
still looking for short?how was your sleep last nite?manage to cool down the adrenalin a bit?
seems that you still have it this morning with all your trading position post...
  • #260,472
  • Oct 14, 2010 4:11am Oct 14, 2010 4:11am
http://www.reuters.com/article/idUSTOE69D04120101014
Don't be a hero. Don't have an ego. Always question yourself
  • #260,473
  • Oct 14, 2010 4:11am Oct 14, 2010 4:11am
Quoting AdrianHNV
1.6323 is the projected high that I have spent the last hour or so working out.

I have opened another account for GBP/USD and placed a reasonable trade into it from 1.6049 with a TP @ 1.6323 which is 274 pips SL set at 1.5823 to give a nice allowance. Hopefully this long term trade will mature my way

If this comes off I will donate half of the profit to the UNICEF and the other half to WWF

I will of course adjust the SL if need bee
i guess you were right yesterday about going long...mine short got kick-0ut from the market.good jod bee...
and the donation is for the good cause i respected that....GL
  • #260,474
  • Oct 14, 2010 4:14am Oct 14, 2010 4:14am
Quoting ubaidahsan
not expecting more then 5950-5980 correction good luck let see how it goes i am also short will buy again for 6200

Ub
thx, will do same....add to position if it goes against me in any substantial manner....gotta have that conviction, watch the PA...stops are psychological but position size/margin closely monitored
  • #260,475
  • Oct 14, 2010 4:14am Oct 14, 2010 4:14am
Last week high has been broken.... what next ? could be UP could be Down....

All depends on point of view and trading plan.

have a green pip to you all ....

rgds,iqyu
http://www.forexfactory.com/showpost...&postcount=788
not euphoria follower
  • #260,476
  • Oct 14, 2010 4:15am Oct 14, 2010 4:15am
I trade with that indicator and getting right signals moving average told me to enter and exit points got 23 out 25 trades

so you can try this indicator pm me if you want that indicator

look at the chart first
your reveiws needed sorry if i disturb anybody

thanks take care
http://img177.imageshack.us/img177/817/gbph.gif
  • #260,477
  • Oct 14, 2010 4:15am Oct 14, 2010 4:15am
Quoting WanderingDan
This is extremely generous of you Adrian.
What size position did you put on?
$100 per pip........ Needs to be enough to make it a worth while trade
  • #260,478
  • Oct 14, 2010 4:17am Oct 14, 2010 4:17am
Quoting USD-Bear
http://www.reuters.com/article/idUSTOE69D04120101014
what is your view on the article?may i know?
i'm not good in fundamentals i guess..US need to depreciation...their currency rite now...IMHO..sonner or later everybody have to follow...so the cycle would be the same....if i was not mistaken...US have asked China to depreciate yuan currency but china won't do that.so i guess US have to do first...and hoping the rest would followed...
but the rest outcomes of it...i just don't know..
  • #260,479
  • Oct 14, 2010 4:25am Oct 14, 2010 4:25am
Quoting USD-Bear
http://www.reuters.com/article/idUSTOE69D04120101014
It was after all on the cards and many are saying it will get severely worse before it even begins to get any better.

Another one worth reading was the one I posted yesterday......

http://www.zerohedge.com/article/101...wn-seconds-qe2

The 'bloke who writes on this site' certainly holds no punches when saying what he thinks
  • #260,480
  • Oct 14, 2010 4:26am Oct 14, 2010 4:26am
Quoting Mr.Elliott
what is your view on the article?may i know?
i'm not good in fundamentals i guess..US need to depreciation...their currency rite now...IMHO..sonner or later everybody have to follow...so the cycle would be the same....if i was not mistaken...US have asked China to depreciate yuan currency but china won't do that.so i guess US have to do first...and hoping the rest would followed...
but the rest outcomes of it...i just don't know..
Just wished I was Bernanke, I think its just words I think there will be no US-QE2 because that would give the world a full blown currency war.
But that being said, we can see that words alone are enough, deeds would blow USDX down spectacular, I'm thinking there will be no US-QE2 but GB could be stupid enough encouraged by US to talk again about GB-QE2 and that would be my trigger to short GU like hell.
Will be interesting what BOJ will do now UJ at 81 is hurting there exports to a critical level...
Don't be a hero. Don't have an ego. Always question yourself
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