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Cable Update (GBPUSD)

  • #261,321
  • Oct 20, 2010 11:08am Oct 20, 2010 11:08am
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  • #261,322
  • Oct 20, 2010 11:09am Oct 20, 2010 11:09am
Quoting fendi
now is my shorting time........
we are in the same ship. get some more pips,and go to sleep.

cheers.
A chart helps those who can read it.
  • #261,323
  • Oct 20, 2010 11:11am Oct 20, 2010 11:11am
Quoting redsword11
Attachment
but if you turn your chart to 1h.you can see some support @5815.
A chart helps those who can read it.
  • #261,324
  • Oct 20, 2010 11:14am Oct 20, 2010 11:14am
Quoting TauTrader
DT - Commercial Member now - I think. I do not post much here. Do not post much in general - come to think of it. But I am busy with EJ for the last couple of weeks. So focussed there.

Will get more active on GU when the opportunity arise.

Are you not banking partial profits from time to time?

All the best
nope..i simply cant at this stage..im quite ill and thinking about trading new position would be a bit much..the stress element
I wanted to sell of the dailly pin..and missed it cause i was in quite a bit of pain..1m looking for higher than 1.61 to consider closing out my longs..monthly close bearish i will change my plan completely..so as long as monthly holds out..im playing the waiting game

i dont mind how long it takes so long as it flipping goes there
  • #261,325
  • Oct 20, 2010 11:14am Oct 20, 2010 11:14am
Quoting chazzle
so then I'm pending short 15830 , 15850
Took another at 15870...closed for 30
  • #261,326
  • Oct 20, 2010 11:15am Oct 20, 2010 11:15am
i have this entry until tomorrows close....

Quoting geniusztc
we are in the same ship. get some more pips,and go to sleep.

cheers.
  • #261,327
  • Oct 20, 2010 11:17am Oct 20, 2010 11:17am
Quoting primzvicious
just wake up and.... wtf

now the price near my resistance @877
close half for 35p and will move sl @ BE for the rest
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Verily, in every difficulties there is relief
  • #261,328
  • Oct 20, 2010 11:19am Oct 20, 2010 11:19am
Quoting nAVIN2007
nope..i simply cant at this stage..im quite ill and thinking about trading new position would be a bit much..the stress element
I wanted to sell of the dailly pin..and missed it cause i was in quite a bit of pain..1m looking for higher than 1.61 to consider closing.

i dont mind how long it takes so long as it flipping goes there
Good day to you,

You need to take care of yourself. Stress is a killer and you need to create an environment with limited stress. Trading whilst intoxicated works for me...

Seriously though, Nav - taking care of yourself must be your utmost priority. I do hope you get well soon and come back stronger. You are in my thoughts.

Warm regards
  • #261,329
  • Oct 20, 2010 11:21am Oct 20, 2010 11:21am
Quoting fendi
i have this entry until tomorrows close....
be careful.good luck to you .
A chart helps those who can read it.
  • #261,330
  • Oct 20, 2010 11:36am Oct 20, 2010 11:36am
Ok - price trapped between key levels. numbered and referenced:

1) This cluster contains the Monday low @ 1.5835 and the 50% line of the current week @ 1.5824

2) This cluster contains the Monday close @ 1.5873, as well as the 50% line of the month's range @ 1.5876. Currently offering resistance.

Casting the net a bit wider:

3) The monthly open @ 1.5714 offered ultimate major support

4) Last week's opening price @1.5950 is ultimate major resistance. We remain in longer term Bearish territory until this level goes.

So where to? Longer term shorts only below 1.5798 - the opening price of 2 weeks ago. Longer term longs only above 1.5953. Both directions inbetween can be traded - as this is a sideways channel.
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  • #261,331
  • Oct 20, 2010 11:42am Oct 20, 2010 11:42am
Quoting TauTrader
Ok - price trapped between key levels. numbered and referenced:

1) This cluster contains the Monday low @ 1.5835 and the 50% line of the current week @ 1.5824

2) This cluster contains the Monday close @ 1.5873, as well as the 50% line of the month's range @ 1.5876. Currently offering resistance.

Casting the net a bit wider:

3) The monthly open @ 1.5714 offered ultimate major support

4) Last week's opening price @1.5950 is ultimate major resistance. We remain in longer term Bearish territory until this level goes.

So where...
nice analysis Tau... can you add with a longer term long tp and longer term short tp?
Verily, in every difficulties there is relief
  • #261,332
  • Oct 20, 2010 11:43am Oct 20, 2010 11:43am
thanks, i av g/u under lock down, it wld obey my every move.......

Quoting geniusztc
be careful.good luck to you .
  • #261,333
  • Oct 20, 2010 11:55am Oct 20, 2010 11:55am
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.
Maybe it's just me but i never seem to get the message between those multitude lines.
Mind over matter..I don't mind and you don't matter.
  • #261,334
  • Oct 20, 2010 11:55am Oct 20, 2010 11:55am
Quoting primzvicious
nice analysis Tau... can you add with a longer term long tp and longer term short tp?
Good day to you,

Serious?

Ok - longer term TP long - 1.6060 - Long term TP short - 1.5516

regards
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  • #261,335
  • Oct 20, 2010 12:02pm Oct 20, 2010 12:02pm
Quoting TauTrader
Good day to you,

Serious?

Ok - longer term TP long - 1.6060 - Long term TP short - 1.5516

regards
thx for sharing

good luck for you too

here is what pop out in my view
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Verily, in every difficulties there is relief
  • #261,336
  • Oct 20, 2010 1:12pm Oct 20, 2010 1:12pm
Quoting robot
hardcore shorting here gogogog!!!
tp hit seee you guys nextttt timeeeee!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
  • #261,337
  • Oct 20, 2010 1:14pm Oct 20, 2010 1:14pm
Look both ways before crossing the street.

Dr. D.
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  • #261,338
  • Oct 20, 2010 2:56pm Oct 20, 2010 2:56pm
Quoting redsword11
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  • #261,339
  • Oct 20, 2010 4:33pm Oct 20, 2010 4:33pm
Quoting redsword11
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  • #261,340
  • Oct 20, 2010 4:44pm Oct 20, 2010 4:44pm
Neck?

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