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Cable Update (GBPUSD)

  • #260,721
  • Oct 15, 2010 8:35am Oct 15, 2010 8:35am
Quoting mloistianto
Agree.. PA showed a rejection meaning something fishy around that res. for the next hours we should see some drop. We will see 1.58 again.. we will see.
Well, a well known trick i'd say.
That hourly rejection bar should have got a lot of people to short it
But the fact it made a new high, closed above a support line (i got one at 1,6025) and has a really high vol ain't good for short
I went long instead.
Same thing for eurusd, the signal was even cleared on this pair

But it might reverse again quickly so let's stay focus

Good luck to you
COT: The precious data ignored
  • #260,722
  • Oct 15, 2010 8:36am Oct 15, 2010 8:36am
I bet the pullback from 6105 shook a few weak longs out with tight stops ? 6105 the 127% fib extension of the 1hr 6066-5970 move...Price finds fresh demand on the pullback at the previous 1hr x 2 / 4hr swing hi zone (resistance becomes support)

G/L

http://www.easy-upload.net/fichiers/...1015153546.gif
ex member
  • #260,723
  • Oct 15, 2010 8:39am Oct 15, 2010 8:39am
Out partial at 609x.

Happy weekend all.

Rgds,Iqyu
http://www.forexfactory.com/showpost...&postcount=802
not euphoria follower
  • #260,724
  • Oct 15, 2010 8:45am Oct 15, 2010 8:45am
Quoting kuroro001
Well, a well known trick i'd say.
That hourly rejection bar should have got a lot of people to short it
But the fact it made a new high, closed above a support line (i got one at 1,6025) and has a really high vol ain't good for short
I went long instead.
Same thing for eurusd, the signal was even cleared on this pair

But it might reverse again quickly so let's stay focus

Good luck to you
Well it ended up in a 20 pips scalp...better than nothing
COT: The precious data ignored
  • #260,725
  • Oct 15, 2010 8:51am Oct 15, 2010 8:51am
Quoting mloistianto
Agree.. PA showed a rejection meaning something fishy around that res. for the next hours we should see some drop. We will see 1.58 again.. we will see.
1.58 sounds nice. but i'll settle for 950 before london close tbh
Thank You
  • #260,726
  • Oct 15, 2010 8:52am Oct 15, 2010 8:52am
Quoting kuroro001
Well it ended up in a 20 pips scalp...better than nothing
the high volume were not buyers methinks
Thank You
  • #260,727
  • Oct 15, 2010 8:56am Oct 15, 2010 8:56am
Quoting wormboy
the high volume were not buyers methinks
We need Malc !
anyway we'll see that at the close
COT: The precious data ignored
  • #260,728
  • Oct 15, 2010 8:57am Oct 15, 2010 8:57am
Quoting wormboy
the high volume were not buyers methinks
Who you think they were? Perhaps sardine fishes or the mighty kangaroos?
  • #260,729
  • Oct 15, 2010 8:58am Oct 15, 2010 8:58am
Quoting wormboy
1.58 sounds nice. but i'll settle for 950 before london close tbh
Yep in long term.. i'm also a day trader.. close whereever it lands.. Good Luck..
  • #260,730
  • Oct 15, 2010 9:01am Oct 15, 2010 9:01am
Quoting kuroro001
We need Malc !
anyway we'll see that at the close
yup, malcolm is the right person to consult regarding vsa.
Good luck to you
Thank You
  • #260,731
  • Oct 15, 2010 9:02am Oct 15, 2010 9:02am
Quoting mloistianto
Yep in long term.. i'm also a day trader.. close whereever it lands.. Good Luck..
you too mate
Thank You
  • #260,732
  • Oct 15, 2010 9:18am Oct 15, 2010 9:18am
hope will break the support..
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  • #260,733
  • Oct 15, 2010 9:19am Oct 15, 2010 9:19am
Quoting clientfx
hope will break the support..

break while posting
  • #260,734
  • Oct 15, 2010 9:29am Oct 15, 2010 9:29am
Daily roll, or true daily open still holding...
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #260,735
  • Oct 15, 2010 9:32am Oct 15, 2010 9:32am
76.4% of the intraday rise 5970-6105 confluence with 23.6% of the longer swing up 5668 to same 6105 current Hi is where current pullback low is from said current Hi.

Have a good w/e.

G/L
ex member
  • #260,736
  • Oct 15, 2010 9:33am Oct 15, 2010 9:33am
Quoting clientfx
break while posting
  • #260,737
  • Oct 15, 2010 10:02am Oct 15, 2010 10:02am
Quoting Magix
Daily roll, or true daily open still holding...
not for long i believe
  • #260,738
  • Oct 15, 2010 10:13am Oct 15, 2010 10:13am
FREE AT LAST!!! THANK YOU NESV!!
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Thank You
  • #260,739
  • Oct 15, 2010 10:15am Oct 15, 2010 10:15am
This is why i shorted heavy at 1.6060 until we find significant support to set up longs toward 1.63 and above

will gauge reaction at 1.5770


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Mind over matter..I don't mind and you don't matter.
  • #260,740
  • Oct 15, 2010 10:17am Oct 15, 2010 10:17am
Also took a small bite at eur/gbp short

tp 0.85

stops above upper tls

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Mind over matter..I don't mind and you don't matter.
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