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Cable Update (GBPUSD)

  • #261,121
  • Oct 19, 2010 1:08pm Oct 19, 2010 1:08pm
Appriciate if touch 5757 just now.
  • #261,122
  • Oct 19, 2010 1:14pm Oct 19, 2010 1:14pm
Quoting uptrendup
Appriciate if touch 5757 just now.
I am long from 15701 small lot TP 15760
  • #261,123
  • Oct 19, 2010 1:18pm Oct 19, 2010 1:18pm
Quoting uptrendup
Appriciate if touch 5757 just now.
I appreaciate if this down bullshit on euro and pound is over
ROBOT FOREX
  • #261,124
  • Oct 19, 2010 1:19pm Oct 19, 2010 1:19pm
Quoting Forbes55
I appreaciate if this down bullshit on euro and pound is over
Why?
Is your sell button broken?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #261,125
  • Oct 19, 2010 1:27pm Oct 19, 2010 1:27pm
I have to go sleeping just waiting to touch 1.5757 so please arrange it quickly. I am sleepy now cant wait more...
  • #261,126
  • Oct 19, 2010 1:34pm Oct 19, 2010 1:34pm
I appreciate for it to appreciate in value
  • #261,127
  • Oct 19, 2010 1:35pm Oct 19, 2010 1:35pm
Closed with -47 pips.
good noght every one.
  • #261,128
  • Oct 19, 2010 2:02pm Oct 19, 2010 2:02pm
Hi all.I don't say buy nor sell.I'd say we'll see 61.8 level then maybe up.Or hold 50% and trendline and up from now?
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  • #261,129
  • Oct 19, 2010 2:09pm Oct 19, 2010 2:09pm
Quoting wormboy
your loss. good luck buying those imaginary dips.
welp, there's my close. 5595 is next. The dp @5775 is as far I'll dare ride the retrace for today.
Catch you guys at LO. Ta.
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Thank You
  • #261,130
  • Oct 19, 2010 2:27pm Oct 19, 2010 2:27pm
Quoting meszy18
Hi all.I don't say buy nor sell.I'd say we'll see 61.8 level then maybe up.Or hold 50% and trendline and up from now?
hi
Attached Image
Thank You
  • #261,131
  • Oct 19, 2010 2:47pm Oct 19, 2010 2:47pm
Quoting wormboy
welp, there's my close. 5595 is next. The dp @5775 is as far I'll dare ride the retrace for today.
Catch you guys at LO. Ta.
hello bro worm,
can i have your monthly and weekly pivot?

really appreciate it.
  • #261,132
  • Oct 19, 2010 2:54pm Oct 19, 2010 2:54pm
Quoting meszy18
Hi all.I don't say buy nor sell.I'd say we'll see 61.8 level then maybe up.Or hold 50% and trendline and up from now?
i have the same trendline on the daily
it may offer some resistance around 1.57
atleast some consolidation

possible long, tp1 ~ 1.58 citing the tech's above + imbalanced factoring in of the fundies for the day (Chineses int. rate hike yes, DOW decline no)
*all speculation, not trade advice
  • #261,133
  • Edited 4:06pm Oct 19, 2010 3:38pm | Edited 4:06pm
Quoting fahdli
i have the same trendline on the daily
it may offer some resistance around 1.57
atleast some consolidation

possible long, tp1 ~ 1.58 citing the tech's above + imbalanced factoring in of the fundies for the day (Chineses int. rate hike yes, DOW decline no)
*all speculation, not trade advice
We seen some magic already on cable for sure.Will we see another one? Anyways 61.8 retracement on my chart is 1.5602 what is close to weekly S3 (1.5597) and today's S2 what is 1.5612.So it seems to be a strong point.If we break DS1 on 4H chart we might be there.I think everyone will say that I'm an idiot but I dunno why I'm still on the upside from here till 1.5770. (Sorry about my poor english)
  • #261,134
  • Oct 19, 2010 4:09pm Oct 19, 2010 4:09pm
sideways for 10 hours now with just 60 pip range...wanted a bounce but the longer it goes sideways...less likely it is to happen,imo...out for -1 pip...will pick it up again if we get to 15660 area
  • #261,135
  • Oct 19, 2010 4:21pm Oct 19, 2010 4:21pm
Quoting chazzle
sideways for 10 hours now with just 60 pip range...wanted a bounce but the longer it goes sideways...less likely it is to happen,imo...out for -1 pip...will pick it up again if we get to 15660 area
Why are you waiting to go long instead of taking short trips?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #261,136
  • Oct 19, 2010 4:31pm Oct 19, 2010 4:31pm
Daily GU

Posible down to 15200 By Nov 4 to Nov 10
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  • #261,137
  • Oct 19, 2010 4:41pm Oct 19, 2010 4:41pm
Quoting Magix
Why are you waiting to go long instead of taking short trips?
Hi Mag,swing idea really to leave for overnight (gotta be long-400 pips decline over last few days) not scalping I've been doing that all day for many long hours...good couple of days 100 today and 165 yesterday(yesterday with 3 short hrs screentime..go figure!) so all things considered don't feel like fighting for the 15s - 30s at this hour!
Also posted a couple of charts comparing the decline from 9-10 AUG(1.6 high) to todays fall and have tricked myself into believing it might make a similar bounce

Hope you're doing well fella
  • #261,138
  • Oct 19, 2010 4:59pm Oct 19, 2010 4:59pm
well...got there quickly!...I'm in long will start to feel the heat if we get to 15550
  • #261,139
  • Oct 19, 2010 5:25pm Oct 19, 2010 5:25pm
how that PA prediction looks now...hit the same swing low(pip value) as 9-10 AUG 7 hrs early and overshot by 8 pips ( 292 versus 284 ) but a half decent looking bounce bang on that level...lets hope she holds up
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  • #261,140
  • Edited 5:45pm Oct 19, 2010 5:33pm | Edited 5:45pm
If the MPP holds then we should test the DPP, above that looking for 15800 test next. If we remain below the Daily Open 15700 area, then we'll test support again at the MPP.

If/when we break back above the Daily Open at the ascending 4H TL, 4H 200SMA, longs will look better but be mindful of the Monthly Open sitting just above the Daily at the descendinding TL. At the moment this area is just scalping territory until direction is sorted. Below the MPP opens up a lot more downside, so we need to see if this was a deep pullback to shake out weak longs or actual trend change. MPP area is the decision point for longer term direction.

GL w/ your trades.
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