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Cable Update (GBPUSD)

  • #261,481
  • Edited 1:15am Oct 22, 2010 1:13am | Edited 1:15am
Im selling under this trendline 1.5741

Lets see aye

Warren
Attached Image (click to enlarge)
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I need to finish something i started
  • #261,482
  • Oct 22, 2010 1:14am Oct 22, 2010 1:14am
Quoting darrenware
Sneaky long @ 1.5698 - TP 1.5740

Morning All....Took its time but it got there
Enter Signature
  • #261,483
  • Oct 22, 2010 1:14am Oct 22, 2010 1:14am
short at 40
  • #261,484
  • Oct 22, 2010 1:19am Oct 22, 2010 1:19am
Hopefully nips up a little above DP to 1.5762
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  • #261,485
  • Oct 22, 2010 1:30am Oct 22, 2010 1:30am
Quoting darrenware
Hopefully nips up a little above DP to 1.5762
I got daily pivot at 1.5745...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #261,486
  • Oct 22, 2010 1:31am Oct 22, 2010 1:31am
Quoting Robot
yup. damn!!!!the market cleared out a lot of traders, i used to see 200 users on this thread on this time of night. It really is amazing to see how hard it is to beat this market, but when you do beat it its is so damn simple and you wish you had this mentality 10 years ago, some traders i see are making 100-900% a month, and it is amazing, and i do believe one who is a trader should make at least 15% a month profit or trading is not worth the risk, yes these traders are damn right beating most of these hedge funds, and yes they dont need anyones...
Good stuff there buddy
Agree with most of what you wrote there about the commitment/effort and the returns. I myself have contemplated the hedge fund route vs. going solo. I think besides the time commitment part, going solo (if you have good enough returns) is challenging in itself due to mainly having the "no-life" part. Ive run my own business before where i was interacting with internal/external customers daily and it was sometimes pretty lonely working on orders all night by yourself etc. but trading is just a whole different level - especially if you do it full-time and by yourself.
  • #261,487
  • Oct 22, 2010 1:37am Oct 22, 2010 1:37am
if price gets to 1.575x-1.576x area, i speculate its an important level
a S/R level to base trades on, bounce off and short or breakout long
  • #261,488
  • Oct 22, 2010 1:39am Oct 22, 2010 1:39am
based on the 30min chat it seems CABLE is at resisistance...
  • #261,489
  • Oct 22, 2010 1:49am Oct 22, 2010 1:49am
Quoting Magix
I got daily pivot at 1.5745...
Mines 1.5750...love the Avatar pic
Enter Signature
  • #261,490
  • Oct 22, 2010 2:49am Oct 22, 2010 2:49am
We're on the move.

Minor S/R 5670 just passed

What's next? 5643 monthly pivot?

Blank space after that?
  • #261,491
  • Oct 22, 2010 2:51am Oct 22, 2010 2:51am
lovely short , i see support at 15649 then 15585
  • #261,492
  • Oct 22, 2010 2:57am Oct 22, 2010 2:57am
lol... sure is quiet in here.

getting near to testing the bottom and MPP.

one of 2 things.

positioning down for news, or close to a breakout. if we bounce then the box range will most likely hold until sometime next week.

http://www.forexfactory.com/showpost...stcount=261391

here's a chart with the next downside target if the bottom comes off.
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  • #261,493
  • Oct 22, 2010 3:09am Oct 22, 2010 3:09am
Yesterday's bearish daily t/f candle closed below the ascending trend line on that t/f...price had previously breeched thye trend line to the downside but there had been no daily candle close below it.

The drop down to the previous 1hr/4hr swing lo zone around wednesday's low is see-ing has seen some demand....I am watching the area down to 5639 as possible demand zone for a confluence of potential support factors including the monthly pivot. Below here and a further such confluence of potential support factors exists 5615-00-95, then 5528-24-5497 with potentialo support factors inbteween those last 2 areas but no real confluence of such.

4hr current screenshot in respect of potential supp/res/sbr/rbs factors on that t/f is below...not shown from here are some of the unbreeched fibs of the major daily swings to 6107 Hi.

Intraday sentiment remaiuns pretty bearish so far.

G/L

http://www.easy-upload.net/fichiers/z.2010102210625.gif
ex member
  • #261,494
  • Oct 22, 2010 3:21am Oct 22, 2010 3:21am
As we are making our way down, it might be worth while to keep an eye on the dragon. As it approaches its yearly lows, we might see a bit of a reaction...
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #261,495
  • Oct 22, 2010 3:29am Oct 22, 2010 3:29am
is 5PM here so time to crack the sake!

was a great trading week. hopefully once G20's out of the way, we'll get some more nice moves.

GL with your trades and have a great weekend everyone.
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  • #261,496
  • Oct 22, 2010 3:37am Oct 22, 2010 3:37am
Quoting Magix
As we are making our way down, it might be worth while to keep an eye on the dragon. As it approaches its yearly lows, we might see a bit of a reaction...
Morning
While checking my buddy posts found ur 20 Post on the thread ,Man u was talking to your self
Great chart and very good call , Nice to know we on same boat
  • #261,497
  • Oct 22, 2010 3:37am Oct 22, 2010 3:37am
1 thing i have learned is never to trust freaky fridays , ive always lost loads on fridays trying to long, now i just stay short on fridays. and close by 3.
  • #261,498
  • Oct 22, 2010 3:38am Oct 22, 2010 3:38am
Quoting Fudomyo
is 5PM here so time to crack the sake!

was a great trading week. hopefully once G20's out of the way, we'll get some more nice moves.

GL with your trades and have a great weekend everyone.
Hi bro
Cool now i have 2 friends on same boat
  • #261,499
  • Oct 22, 2010 3:58am Oct 22, 2010 3:58am
Bullish divergence based set-up on the 1min conflunbce with extreme oscillator readings 5min sees a 40 pip+ pullback from this potential support zone, 5711 the pullback hi before the sell the rally participants come in...1min hidden divergence leading the way to 'sell the pullback' in this 5min + downtrend, resulting in a slightly lower low but demand still seen at the moment in this potential support zone discussed in post above...price right on the 127% fib extension of the last Hl-HH (6107) on daily t/f....138% extension of same move being at the 50% of the 5117-6107 daily swing up.

Price only @ 57% of it's 20day average pip range, 108% of it's 20week average pip range so far this week.

G/L

http://www.easy-upload.net/fichiers/...1022105438.gif

http://www.easy-upload.net/fichiers/...1022105459.gif
ex member
  • #261,500
  • Oct 22, 2010 4:04am Oct 22, 2010 4:04am
Long for 30 pips @ 1.5683

TP 1.5713
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