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Cable Update (GBPUSD)

  • #262,181
  • Oct 28, 2010 8:57am Oct 28, 2010 8:57am
and dont forget divergence....
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  • #262,182
  • Oct 28, 2010 9:21am Oct 28, 2010 9:21am
Compression patterns insync on multiple timeframes often
have sufficient energy to carry through for larger moves.

It will be interesting to follow.

Dr. D.
Attached Images
  • #262,183
  • Oct 28, 2010 9:28am Oct 28, 2010 9:28am
Quoting ebush
the first target 1.5961 goo goo goo )

1.5921 and SL 1.5896 and TP 1.5961

good pippingg
Good luck.. I am after your SL!

OK NY... You set the daily high... now it is time to fall. ES is falling, please follow suit!
  • #262,184
  • Oct 28, 2010 9:50am Oct 28, 2010 9:50am
Quoting bbakker
Good luck.. I am after your SL!

OK NY... You set the daily high... now it is time to fall. ES is falling, please follow suit!
tell ´em bakker
  • #262,185
  • Oct 28, 2010 9:56am Oct 28, 2010 9:56am
Just checking out the subsequent pa since my session ended earlier this London morning and wishing I'd held the last long entry - lol !! (shoulda woulda coulda !!)

Intraday move up is now at 107% of it's 20 day average pip range (88% of it's 20week average so far this week) and has seen the 61.8% of the 6107-5649 fall breeched to the upside, the descending 1hr/4hr trend line similarly as well as several levels of potential supply....fdinding some supply now at 5952 area which is a minor 1hr previous swing hi from last monday. (An effective 1hr HL from last monday's fall.)

Above current price and 5969-75 is a previous 4hr swing lo x 2 zone (possible sbr) 5987/88 are Daily R3 and Monthly R1 pivots. 5997 is 76.4% of said 6108-5649 falling in a previous 1hr swing hi zone running 5994-03 that looks as harmless as the one up to 5952 !! Above here and that previous 1hr/4hr/daily swing hi running up to 6107 may hold supply ? Weekly R2 is above at 6130 area.

Current 1hr screenshot in respect of potential supp/res/sbr/rbs factors is below. Fibs are drawn from the major swing lows from and including 5649 to the current Hi.

G/L

http://www.easy-upload.net/fichiers/...1028165450.gif
ex member
  • #262,186
  • Oct 28, 2010 10:05am Oct 28, 2010 10:05am
Quoting Mr.Elliott
if i may ask...what is your daily target?in pips or in percentage based from your account/equity?
thanks is advance.....
My target is 1.5940 1.27 FE of the previous pattern. Couldn't see where the price can go next, so no trade.
  • #262,187
  • Oct 28, 2010 10:12am Oct 28, 2010 10:12am
Quoting trending
My target is 1.5940 1.27 FE of the previous pattern. Couldn't see where the price can go next, so no trade.
here's some targets. europe close 13 minutes. hoping for the zone touch 15969.
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  • #262,188
  • Oct 28, 2010 10:15am Oct 28, 2010 10:15am
Quoting ebush
the first target 1.5961 goo goo goo )

1.5921 and SL 1.5896 and TP 1.5961

good pippingg


  • #262,189
  • Oct 28, 2010 10:17am Oct 28, 2010 10:17am
this is the latest chart of h4 and d1, 1.5964 is important resistant, i will wait to see the pa for the next hours it is broken or rejects the candles
good luck
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Attached Image (click to enlarge)
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yesterday was good, today is the best, tomorrow is amazing.....
  • #262,190
  • Oct 28, 2010 10:20am Oct 28, 2010 10:20am
Quoting ebush
nicely done
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  • #262,191
  • Edited 10:44am Oct 28, 2010 10:23am | Edited 10:44am
Quoting ebush
Congrats good call


Still going up though all the way to 1.6057
  • #262,192
  • Oct 28, 2010 10:26am Oct 28, 2010 10:26am
Shallow pullbacks has been the order/pattern of the day before a leg higher,,...price now at 133% of it's 20 day average pip rabge and challenging the previous 1hr/4hr swing lo zone referred to in my post above...4hr screenshot is below.

Top pickers have been killed today ...I wonder whey they didn't just choose the 'path of least resistance' and buy the dips ?? I keep see-ing on various places that 'what goes up must come down' and 'it will revert to it's mean' and 'this is silly, no way £ has this much strength' etc...trade what you see not what you think is always good advice. From a fundie point of view the far better than expected Uk Q3 gdp # earlier this week and the current talk of the U.s Fed's impending QE2 is putting pressure on $.

G/L

http://www.easy-upload.net/fichiers/...1028172539.gif
ex member
  • #262,193
  • Oct 28, 2010 10:27am Oct 28, 2010 10:27am
Quoting ebush
Well played!
  • #262,194
  • Oct 28, 2010 10:31am Oct 28, 2010 10:31am
common come mighty cross
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Verily, in every difficulties there is relief
  • #262,195
  • Oct 28, 2010 10:33am Oct 28, 2010 10:33am
What will be when europe close, $ go up, I mean GBP/USD short ???
  • #262,196
  • Oct 28, 2010 10:38am Oct 28, 2010 10:38am
well put.

6 hours ago london reversed. people need to think on their feet and not get stuck on biases.

Quoting bbmac
Top pickers have been killed today ...I wonder whey they didn't just choose the 'path of least resistance' and buy the dips ?? I keep see-ing on various places that 'what goes up must come down' and 'it will revert to it's mean' and 'this is silly, no way £ has this much strength' etc...trade what you see not what you think is always good advice.
Quoting Fudomyo
If for some odd reason we close back above DO, will reverse position and target 1584, 15900 topside, ...doubtful but whipsaw market anything possible.
  • #262,197
  • Oct 28, 2010 10:40am Oct 28, 2010 10:40am
Quoting Erinieks
What will be when europe close, $ go up, I mean GBP/USD short ???
try reading this

http://www.reuters.com/article/idUSLDE69R1FV20101028
  • #262,198
  • Oct 28, 2010 10:47am Oct 28, 2010 10:47am
Quoting AdrianHNV
try reading this

http://www.reuters.com/article/idUSLDE69R1FV20101028
Bad, very bad, I have problems in my chart with hadge n gbp/usd.
  • #262,199
  • Oct 28, 2010 10:49am Oct 28, 2010 10:49am
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  • #262,200
  • Oct 28, 2010 10:58am Oct 28, 2010 10:58am
Quoting AdrianHNV
try reading this

http://www.reuters.com/article/idUSLDE69R1FV20101028


The shorters needs to start learning how to read the news. 1.53 my ass.
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