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Cable Update (GBPUSD)

  • #261,201
  • Edited 5:36am Oct 20, 2010 5:25am | Edited 5:36am
Quoting primzvicious
i decide to close my long

maybe daily black crow gonna play soon...
price is exactly where it was 8 hours ago. closed the rest of my long out of complete boredom.

they're playing it up the middle today, so until we get a close above or below either trendline, no point guessing.

news may have already been priced in.
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  • #261,202
  • Oct 20, 2010 5:36am Oct 20, 2010 5:36am
Quoting chazzle
OK starting to short again 15740.

H4 200ema,historical PA resistance and the top of this small up channel all within 15755 - 15775
the market has frustrated me into submission - I'm taking 15
  • #261,203
  • Oct 20, 2010 5:45am Oct 20, 2010 5:45am
Quoting MisterTrader
KING: Pound decline supports rebalancing of U.K. economy. U.K. exporters must create 500,000 jobs to rebalance.

You are absolutely spot on, Mr. King !
Seems, not many are listening to Mr. King...1,57 is not export "supporting", gentlemen....
________________________________ Errare humanum est
  • #261,204
  • Oct 20, 2010 5:53am Oct 20, 2010 5:53am
Quoting Fudomyo
price is exactly where it was 8 hours ago. closed the rest of my long out of complete boredom.

they're playing it up the middle today, so until we get a close above or below either trendline, no point guessing.

news may have already been priced in.
so true... if NY selling this doji like daily will no more exist
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Verily, in every difficulties there is relief
  • #261,205
  • Oct 20, 2010 5:55am Oct 20, 2010 5:55am
Quoting MisterTrader
Seems, not many are listening to Mr. King...1,57 is not export "supporting", gentlemen....
think all eyes on the budget. due soon.
  • #261,206
  • Oct 20, 2010 6:01am Oct 20, 2010 6:01am
here we go.
  • #261,207
  • Edited 6:18am Oct 20, 2010 6:03am | Edited 6:18am
Move off 6107 breeched the steepest ascending daily t/f trend line to the downside, although yesreday's candle closed right on it. Overnight low of 5649 found at the 4hr ascending trend line in the previous 4hr swing lo zone confluence around the 76.4% 5503-6107 with Monthly Pivot and 127% fib extension of the last HL-HH move on the daily (5752-6107)... Pullback from that 5649 has found supply at the previous 1hr/4hr/daily swing lo zone creating a pullback hi @ 5755. Market in consolidation mode since then between there and 5680.

Potential sbr/res to the upside is pretty obvious with fibs plotted to the current 5649 low from 6107 and 5942.

To the downside the main confluence of potential support factors I will have my eyes on are that 5645-39 (also 61.8% 5347-6107 in there) and then 5615-00 with weekly S2 around 5495...a daily ascending trend line comes through today around 5575...then 5527-5497. Below here and there are some unbreeched fibs of the major swings up from and including 4225-6107 and then the 5313-5296 previous 4hr/daily swing lo zone.

1hr screenshot is below as is the 4hr showing that ascending trend line, the last one on the 4hr.

G/L
http://www.easy-upload.net/fichiers/...1020125842.gif

http://www.easy-upload.net/fichiers/...0102012590.gif
ex member
  • #261,208
  • Oct 20, 2010 6:32am Oct 20, 2010 6:32am
spending review, now been laid out.
  • #261,209
  • Oct 20, 2010 6:32am Oct 20, 2010 6:32am
Uk Chancellor osbourne has started speaking
ex member
  • #261,210
  • Oct 20, 2010 6:40am Oct 20, 2010 6:40am
Quoting bbmac
Uk Chancellor osbourne has started speaking

Live video link

http://www.bbc.co.uk/news/uk-politics-11566509
Thank you Crucial Point, Bleek, Trizzle, Darkstar
  • #261,211
  • Oct 20, 2010 6:44am Oct 20, 2010 6:44am
time to long me thinks, 4 hr support looks good
  • #261,212
  • Oct 20, 2010 6:52am Oct 20, 2010 6:52am
Quoting chngster
Live video link

http://www.bbc.co.uk/news/uk-politics-11566509
lol sound messed up - "can somebody give paul a shout...." Yeah come on Paul,sort it out mate....does that woman know theres a microphone on?
  • #261,213
  • Oct 20, 2010 6:53am Oct 20, 2010 6:53am
Quoting chazzle
lol sound messed up - "can somebody give paul a shout...." Yeah come on Paul,sort it out mate....does that woman know theres a microphone on?
lmfao this is too good
ok its back on now...
  • #261,214
  • Oct 20, 2010 6:54am Oct 20, 2010 6:54am
Quoting chazzle
lol sound messed up - "can somebody give paul a shout...." Yeah come on Paul,sort it out mate....does that woman know theres a microphone on?
she was practising headlines lol..."biggest spending cuts since the war..."
  • #261,215
  • Oct 20, 2010 6:54am Oct 20, 2010 6:54am
Quoting fahdli
lmfao this is too good
ok its back on now...
Hilarious. I was hoping she would say something devastating on air
Thank you Crucial Point, Bleek, Trizzle, Darkstar
  • #261,216
  • Oct 20, 2010 6:56am Oct 20, 2010 6:56am
Right short from 15750...same reason as earlier
  • #261,217
  • Oct 20, 2010 6:58am Oct 20, 2010 6:58am
Quoting Makeveli
time to long me thinks, 4 hr support looks good
Might wanna be careful with longs right now. The H1 has bearish hidden divergence and the H4 has the 200 ema and upper TL as resistance. Also, the DX h1 has bullish Hidden divergence.Although, some of the earnings reports have been positive so it could take price up a bit.
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  • #261,218
  • Oct 20, 2010 7:02am Oct 20, 2010 7:02am
cheers for that just saw that 1hr stoch , mite stay out for a bit , cheers.
  • #261,219
  • Oct 20, 2010 7:03am Oct 20, 2010 7:03am
exactly a double top at 1.5755 and then back 30 pips
  • #261,220
  • Oct 20, 2010 7:04am Oct 20, 2010 7:04am

Quoting Makeveli
cheers for that just saw that 1hr stoch , mite stay out for a bit , cheers.
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