Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#261,361
Oct 20, 2010 10:23pm Oct 20, 2010 10:23pm

Robot
| Joined May 2009 | Status: 10% a month guy | 616 Posts

Quoting fendi

Disliked

What i mea is don expect any break this week,it would sideways till end of ths week, trade wihin the high and low. i see us downand up later today within same prie range.

Ignored

I think i agree with you on this one it looks like it will be range for a day or two maybe by friday but yea bulls and bears are having a massive battle, if you ask me bears will eventually win this battle

#261,362
Oct 20, 2010 10:26pm Oct 20, 2010 10:26pm

bonus76
| Joined Aug 2009 | Status: Trader | 533 Posts

I agree with Robot . On H4 price made lower high and lower low. Just finding entry point is a tricky one.

#261,363
Oct 20, 2010 10:28pm Oct 20, 2010 10:28pm

primzvicious
| Joined May 2008 | Status: Ad Astra Per Aspera | 1,741 Posts

Quoting primzvicious

Disliked

loading another short

Ignored

closed 1/3 here

Verily, in every difficulties there is relief

#261,364
Oct 20, 2010 10:28pm Oct 20, 2010 10:28pm

Robot
| Joined May 2009 | Status: 10% a month guy | 616 Posts

Quoting Robot

Disliked

I think i agree with you on this one it looks like it will be range for a day or two maybe by friday but yea bulls and bears are having a massive battle, if you ask me bears will eventually win this battle

Ignored

for newbies i would say selling at 1.5725 would be good start for a 150-200 pip profit

#261,365
Oct 20, 2010 10:36pm Oct 20, 2010 10:36pm

bonus76
| Joined Aug 2009 | Status: Trader | 533 Posts

5725 is not even lower that this weekly low. Might bounce as a support there

#261,366
Oct 20, 2010 10:41pm Oct 20, 2010 10:41pm

bonus76
| Joined Aug 2009 | Status: Trader | 533 Posts

if prices goes to 5829 i might go short- green line

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#261,367
Edited 11:25pm Oct 20, 2010 10:52pm | Edited 11:25pm

Fudomyo
Joined Apr 2009 | Status: Know Your Wave | 2,640 Posts

Quoting bonus76

Disliked

5725 is not even lower that this weekly low. Might bounce as a support there

Ignored

yes.

to get to 15500 we would need to break the weekly low at the MPP first, which is also 50% of the move from 17042 to 14233, so is the center of balance for the pair.

while we might see 15500, a break below 5725 doesn't guarantee the 150-200 pip move down.

edit: trading under the Daily Open to the DPP area can just be profit taking off the move up yesterday. until we close cleanly under the DPP on the 1H, the day isn't necessarily bearish.

.

#261,368
Edited 11:51pm Oct 20, 2010 11:08pm | Edited 11:51pm

fendi
| Joined Mar 2008 | Status: Trader | 658 Posts

S1 first t.p for both G/U AND E/U

#261,369
Oct 20, 2010 11:19pm Oct 20, 2010 11:19pm

misi91
| Joined Mar 2010 | Status: Trader | 4 Posts

The price is going up to SMA 100...

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#261,370
Oct 20, 2010 11:20pm Oct 20, 2010 11:20pm

chazzle
Joined Sep 2010 | Status: Trader | 11,327 Posts

morning all....upside upside...first stop 15825

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#261,371
Oct 20, 2010 11:35pm Oct 20, 2010 11:35pm

JuliusCeasar
| Joined Aug 2010 | Status: Fearless in Africa | 685 Posts

Could just be shake out but it looks like it's being bought

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

#261,372
Oct 20, 2010 11:49pm Oct 20, 2010 11:49pm

fendi
| Joined Mar 2008 | Status: Trader | 658 Posts

I hope as many took the entries at the whip in G/U EU b cos i am sure we would dive...... S1 -T.P

#261,373
Oct 21, 2010 12:00am Oct 21, 2010 12:00am

Beljevina
Joined May 2009 | Status: Trading, Not Posting | 2,130 Posts

Significant rejection on that orange UTL - sellers were waiting there. No breakout to the upside. Now that we test a LTL, buyers are there as expected, but I don't expect enough. We should dip to 1.5737 at least, and then we have news. If the latter breaks, then even 1.57 is next. Beyond that 1.5670, 1.5625. Note that sterling is in much weaker shape than the euro.

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