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Cable Update (GBPUSD)

  • #261,361
  • Oct 21, 2010 12:23am Oct 21, 2010 12:23am
Quoting fendi
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.
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 21, 2010 12:26am Oct 21, 2010 12:26am
I agree with Robot . On H4 price made lower high and lower low. Just finding entry point is a tricky one.
  • #261,363
  • Oct 21, 2010 12:28am Oct 21, 2010 12:28am
Quoting primzvicious
loading another short
closed 1/3 here
Verily, in every difficulties there is relief
  • #261,364
  • Oct 21, 2010 12:28am Oct 21, 2010 12:28am
Quoting Robot
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
for newbies i would say selling at 1.5725 would be good start for a 150-200 pip profit
  • #261,365
  • Oct 21, 2010 12:36am Oct 21, 2010 12:36am
5725 is not even lower that this weekly low. Might bounce as a support there
  • #261,366
  • Oct 21, 2010 12:41am Oct 21, 2010 12:41am
if prices goes to 5829 i might go short- green line
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  • #261,367
  • Edited 1:25am Oct 21, 2010 12:52am | Edited 1:25am
Quoting bonus76
5725 is not even lower that this weekly low. Might bounce as a support there
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.



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  • #261,368
  • Edited 1:51am Oct 21, 2010 1:08am | Edited 1:51am
S1 first t.p for both G/U AND E/U
  • #261,369
  • Oct 21, 2010 1:19am Oct 21, 2010 1:19am
The price is going up to SMA 100...
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  • #261,370
  • Oct 21, 2010 1:20am Oct 21, 2010 1:20am
morning all....upside upside...first stop 15825
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  • #261,371
  • Oct 21, 2010 1:35am Oct 21, 2010 1:35am
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 21, 2010 1:49am Oct 21, 2010 1:49am
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 2:00am Oct 21, 2010 2:00am
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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  • #261,374
  • Oct 21, 2010 2:10am Oct 21, 2010 2:10am
Since yesterday i had g/u under lock... and after s1, we have flight till tomorrow t catch, but would wait for clear entry

Quoting fendi
i have this entry until tomorrows close....
  • #261,375
  • Oct 21, 2010 2:11am Oct 21, 2010 2:11am
http://cdn.forexfactory.com/attachme...7&d=1287627739

closed another 1/3
hedged another 1/3

flat atm
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Verily, in every difficulties there is relief
  • #261,376
  • Oct 21, 2010 2:13am Oct 21, 2010 2:13am
Tight long 1.5755
Mind over matter..I don't mind and you don't matter.
  • #261,377
  • Oct 21, 2010 2:17am Oct 21, 2010 2:17am
F*ck the system
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  • #261,378
  • Oct 21, 2010 2:19am Oct 21, 2010 2:19am
LUv to know, loads of what???

Quoting wormboy
nah not yet. Made loads today already, I can wait
  • #261,379
  • Oct 21, 2010 2:48am Oct 21, 2010 2:48am
why is our dear room so quiet??? I av been hunting g/u over last 24hrs, i need more help mates.......
  • #261,380
  • Oct 21, 2010 2:48am Oct 21, 2010 2:48am
Anybody looking for 1.5556 today ? No ?
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