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Cable Update (GBPUSD)

  • #261,141
  • Oct 19, 2010 5:57pm Oct 19, 2010 5:57pm
how about this condition.....
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  • #261,142
  • Oct 19, 2010 6:59pm Oct 19, 2010 6:59pm
Short 1,5715 under the previous support, might be a resistance now.
Target is 1,5615, risk/reward ratio 1:3 as usual

See you at the upside or the downside i don't care!!
COT: The precious data ignored
  • #261,143
  • Oct 19, 2010 7:14pm Oct 19, 2010 7:14pm
Quoting kuroro001
Short 1,5715 under the previous support, might be a resistance now.
Target is 1,5615, risk/reward ratio 1:3 as usual

See you at the upside or the downside i don't care!!
I am in wave 3 going up so I am long 1.5660 & adding holding till 1.6170 good luck on your shorts
  • #261,144
  • Oct 19, 2010 7:26pm Oct 19, 2010 7:26pm
Quoting Allseeingeye
I am in wave 3 going up so I am long 1.5660 & adding holding till 1.6170 good luck on your shorts
Where's your stop for such nice target ?

good luck to you as well
COT: The precious data ignored
  • #261,145
  • Oct 19, 2010 7:29pm Oct 19, 2010 7:29pm
Quoting kuroro001
Short 1,5715 under the previous support, might be a resistance now.
Target is 1,5615, risk/reward ratio 1:3 as usual

See you at the upside or the downside i don't care!!
Judging by the last 1H candle on the Trendline chart I'd be careful shorting here.

Unless the 15700 TL 4H200SMA test breaks downside, once we're above the Monthly Open/Descending TL, I'll add onto longs, but currently looking at this area to take some off the table.

step by step
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  • #261,146
  • Oct 19, 2010 7:32pm Oct 19, 2010 7:32pm
Hi bro .... congrats for your short yesterday ....




Quoting Allseeingeye
I am in wave 3 going up so I am long 1.5660 & adding holding till 1.6170 good luck on your shorts
not euphoria follower
  • #261,147
  • Oct 19, 2010 7:36pm Oct 19, 2010 7:36pm
Quoting Allseeingeye
I am in wave 3 going up so I am long 1.5660 & adding holding till 1.6170 good luck on your shorts
Don't ya think that London will fill the low on the chart before starting a wave up?
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #261,148
  • Oct 19, 2010 7:42pm Oct 19, 2010 7:42pm
Quoting Fudomyo
Judging by the last 1H candle on the Trendline chart I'd be careful shorting here.

Unless the 15700 TL 4H200SMA test breaks downside, once we're above the Monthly Open/Descending TL, I'll add onto longs, but currently looking at this area to take some off the table.

step by step
Yeh i'm only using a 30 pips stop because it's not my style to trade before london opens, but it's under the previous support and it stopped dead onto it. It worth a shot.
COT: The precious data ignored
  • #261,149
  • Oct 19, 2010 8:03pm Oct 19, 2010 8:03pm
Quoting kuroro001
Yeh i'm only using a 30 pips stop because it's not my style to trade before london opens, but it's under the previous support and it stopped dead onto it. It worth a shot.
I see what you're saying.

watching 15719 closely as well. if it proves strong then I'd look at a move below the Daily Open to close my long.

the 4H is bullish so I'm trading in that direction unless this area fails as support.

good luck with your trade
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  • #261,150
  • Oct 19, 2010 9:14pm Oct 19, 2010 9:14pm
Quoting Magix
Don't ya think that London will fill the low on the chart before starting a wave up?
we should get a wave 2 & that can go all the way down for a double bottom. I am not phycic so I cant tell you what they the Rothchilds & Rockafellas with Goldman Sachs have planed but I will react accordingly, right now I am sitting pretty because I started buying at 1.5715 all the way down so I have quit a few green positions but that can change fast!
  • #261,151
  • Oct 19, 2010 9:19pm Oct 19, 2010 9:19pm
First TP hit 15730 Monthly Open. SL moved up to 15675. Free trade now, so I'll let the rest run.
  • #261,152
  • Oct 19, 2010 9:31pm Oct 19, 2010 9:31pm
Shorting 5m 200EMA and daily open on Dragon...5m EMA as well...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #261,153
  • Oct 19, 2010 9:32pm Oct 19, 2010 9:32pm
1h & 4 H Chart Retrace a little then make a lower wave
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  • #261,154
  • Oct 19, 2010 9:57pm Oct 19, 2010 9:57pm
Quoting tazzam72
1h & 4 H Chart Retrace a little then make a lower wave
retracement waves come in 3 wave formations we allready have 3 waves down we are now in wave 3 of 3 going up. I think it will be FAST & FURIOUS all the way to 1.6170
  • #261,155
  • Oct 19, 2010 10:03pm Oct 19, 2010 10:03pm
I think we are going to see 15500 and very posible 15200 before we see 16170 .

Quoting Allseeingeye
retracement waves come in 3 wave formations we allready have 3 waves down we are now in wave 3 of 3 going up. I think it will be FAST & FURIOUS all the way to 1.6170
  • #261,156
  • Oct 19, 2010 10:55pm Oct 19, 2010 10:55pm
Morning all.

It may be quite a flat morning as we all wait for the spending review.

Then again...!
  • #261,157
  • Oct 19, 2010 11:49pm Oct 19, 2010 11:49pm
Quoting chazzle
well...got there quickly!...I'm in long will start to feel the heat if we get to 15550
Morning all

TP hit overnight 65 pips....lets see what today brings..GL all
  • #261,158
  • Oct 20, 2010 12:29am Oct 20, 2010 12:29am
Quoting tazzam72
I think we are going to see 15500 and very posible 15200 before we see 16170 .
I am open to that scenario 100 % this could be the bottom but like you say there is a strong possibility it isnt & I closed my longs & will go short now I see 155 coming our way also, if it was the bottom we should have been past 158 allready.
  • #261,159
  • Oct 20, 2010 12:55am Oct 20, 2010 12:55am
resistance at 15760...I'm going short
  • #261,160
  • Oct 20, 2010 12:56am Oct 20, 2010 12:56am
I would't bet on that target area. Though i have an open trade for long, i have targe within .1.58region,its that aea that would determine my next move, though i intend to short from there.


Quoting Allseeingeye
I am open to that scenario 100 % this could be the bottom but like you say there is a strong possibility it isnt & I closed my longs & will go short now I see 155 coming our way also, if it was the bottom we should have been past 158 allready.
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