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Cable Update (GBPUSD)

  • #260,541
  • Oct 14, 2010 9:09am Oct 14, 2010 9:09am
Quoting ghuisthefirs
you will be amazed on how big this hour candle is gonna get
lol
  • #260,542
  • Oct 14, 2010 9:12am Oct 14, 2010 9:12am
whats happen, why gbp/usd goes back, it brake resisstance level,
  • #260,543
  • Oct 14, 2010 9:13am Oct 14, 2010 9:13am
Quoting ghuisthefirs
you will be amazed on how big this hour candle is gonna get
Good day to you,

This is what I normally tell my wife..... Just pulling your leg.

Wish you all success.

Regards
  • #260,544
  • Oct 14, 2010 9:18am Oct 14, 2010 9:18am
Quoting TauTrader
Good day to you,

This is what I normally tell my wife..... Just pulling your leg.

Wish you all success.

Regards
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #260,545
  • Oct 14, 2010 9:23am Oct 14, 2010 9:23am
I also noticed a gap in DIX between 77.17-77.30. It seems that the market is trying to close this gap before we go down further, but that is no guarantee! We are currently on 76.78.
  • #260,546
  • Edited 9:42am Oct 14, 2010 9:26am | Edited 9:42am
Quoting Erinieks
whats happen, why gbp/usd goes back, it brake resisstance level,
Today cable seems to be following ES (S&P 500) and the commodities, so keep an eye on ES and copper or gold. Also we were at the top of the supply level with the high at 1.6068. Go back to the 3rd February 2010 on the daily and you can see this was a nice previous supply level.

If we break 1.6068, I see 1.6278 as next weekly resistance and if we break that I see 1.6460 as next weekly/monthly resistance. To break above that will take some doing, but anything is possible!
  • #260,547
  • Oct 14, 2010 9:36am Oct 14, 2010 9:36am
Dark Cloud ....

6060 ? http://www.forexfactory.com/attachme...4&d=1286601750

Other detail ? http://www.forexfactory.com/showpost...&postcount=746

rgds,iqyu

Quoting iqyu5an
Heading A little bit Dark Cloud .....
http://www.forexfactory.com/showpost...&postcount=746

rgds,iqyu
not euphoria follower
  • #260,548
  • Oct 14, 2010 9:39am Oct 14, 2010 9:39am
Quoting fourxtrader
See a nice move? Often if you look back you'll find it was
triggered off of a compression pattern in a primed TF.

Dr. D.

All these moves were triggered off of 1m compression patterns
found within the 5m chart.

Dr. D.
Attached Image
  • #260,549
  • Oct 14, 2010 9:43am Oct 14, 2010 9:43am
Quoting fourxtrader
All these moves were triggered off of 1m compression patterns
within the 5m chart.

Dr. D.
Is there any way to predict direction from these compression patterns?
  • #260,550
  • Oct 14, 2010 9:49am Oct 14, 2010 9:49am
Quoting ikdenk
Is there any way to predict direction from these compression patterns?

NEVER!

Simplicities are reeked with complexities.

Dr. D.
  • #260,551
  • Oct 14, 2010 9:54am Oct 14, 2010 9:54am
Quoting ikdenk
Is there any way to predict direction from these compression patterns?
BUT, probabilities come into favor by
following higher TF patterns and trends.

Dr. D.
  • #260,552
  • Oct 14, 2010 10:15am Oct 14, 2010 10:15am
Quoting bbakker
TP1 hit! Next target 1.5905
I have one of my target points down there myself!
Went in short first at 1.6054.
Would be nice to see price go down some before this 4h candle closes
  • #260,553
  • Oct 14, 2010 10:17am Oct 14, 2010 10:17am
At some point every bubble must burst.

Dr. D.
Attached Image
  • #260,554
  • Oct 14, 2010 10:31am Oct 14, 2010 10:31am
Quoting Sunsi
I have one of my target points down there myself!
Went in short first at 1.6054.
Would be nice to see price go down some before this 4h candle closes
1.6020 is the line in the sand for me. Close above that and I see that as a bullish sign, below bearish. Keep an eye on the S&P. $ is tracking that very nicely today. We have hit demand zone on ES at ~1172-1174, so if we break that, I see more downside for cable.

First support that needs breaking is 1.5978, but we have had a couple of touches on this now, so how strong is it?

My final target is 1.5850 which is above the source of this recent rally since yesterday and I will be looking to buy around there! One could argue it started at 1.5750, but I have a nice daily trendline confluence at 1.5850.

Of course, I will play it as I see it.

EDIT: Why do I write resistance, when I mean support and vice versa... lol. Changed it!
  • #260,555
  • Oct 14, 2010 10:35am Oct 14, 2010 10:35am
Quoting fourxtrader
At some point every bubble must burst.

Dr. D.
Downside please ES is thinking... back in demand level (support)
  • #260,556
  • Oct 14, 2010 10:42am Oct 14, 2010 10:42am
A bus station is where a bus stops. A train station is where a train stops. On my desk, I have a work station.

I am orf home... bye!
  • #260,557
  • Oct 14, 2010 10:42am Oct 14, 2010 10:42am
imo if the price keep under 1.5992 it will reach 1.5872, all before news tomorrow..

http://img85.imageshack.us/img85/4641/52209479.jpg
Join My Signal On Telegram at @forextradingforlivingsignal
  • #260,558
  • Edited 11:08am Oct 14, 2010 10:45am | Edited 11:08am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Can't argue with that...There are no more sellers as everyone is buying..so what next?

Expecting QE to be the catalyst for dollar retrace. One massive push to the upside when QE is declared then 1000-1500 pip drop then things will go back to normal

Big boys don't go less than 1000 pips...

Looking at dollar what happened to it just with mere announcment of QE, Imagine what will happen to the pound when (not if , no choice if they are to reducme deficit) they hint the next round of QE.

Don't know about euro suckers keep making stories.
AU, CAD..wow they are true stars. Their currency is equal of USA..GDP population, can't say about that though :-)


ta
ams




Quoting TauTrader
Good day to you,

Take your positions. Final pushes across a large spectrum of currencies. Nice. Keep your wits about you - year end specials gonna go on offer not too far into the future.

Get yours while they are hot!
  • #260,559
  • Edited 11:23am Oct 14, 2010 10:57am | Edited 11:23am
daily - ahead
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusds.gif Size: 32 KB
  • #260,560
  • Oct 14, 2010 11:08am Oct 14, 2010 11:08am
hi all.I'm long from 15981...pending 15965 15940 15915

Hopefully in the right direction this time GL all
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