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Cable Update (GBPUSD)

  • #262,501
  • Oct 31, 2010 2:49pm Oct 31, 2010 2:49pm
I don't usually trade chart patterns but this is what I see...
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  • #262,502
  • Oct 31, 2010 2:51pm Oct 31, 2010 2:51pm
Quoting disegnosys
Did you happen to see the GU jump up in that last 15 minutes before closing at 5:00pm est. Maybe it does not mean much but it was pretty bullish late at end of market. Well, we shall see what will happen.
Sure, but as we all know, price does not go up in a straight line! I will wait to buy at a cheaper price and on the chart that I posted earlier, for me that is either at ~1.58 or ~1.59.
  • #262,503
  • Oct 31, 2010 3:06pm Oct 31, 2010 3:06pm
Quoting bbakker
Sure, but as we all know, price does not go up in a straight line! I will wait to buy at a cheaper price and on the chart that I posted earlier, for me that is either at ~1.58 or ~1.59.
I agree, I'd rather buy her cheap too. GU has been at 1.6000 supply level a few times lately which was a good short but the more she tests this area, then one of these times GU may break long. This should be a big week for moves to me with elections and NFP etc....
  • #262,504
  • Oct 31, 2010 3:23pm Oct 31, 2010 3:23pm
What a weekend!!

Some day im gonna be to old for this amount of fun and late nights.

Wishing you all well as we roll into another week.


W
I need to finish something i started
  • #262,505
  • Oct 31, 2010 3:38pm Oct 31, 2010 3:38pm
Attached Image (click to enlarge)
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as it appears - supply consumpton and further advance
  • #262,506
  • Oct 31, 2010 3:46pm Oct 31, 2010 3:46pm
When market opens, i`m going to sell targeting 1.5975.
  • #262,507
  • Edited 4:14pm Oct 31, 2010 4:03pm | Edited 4:14pm
Quoting digger1
My good friend be careful with the shorts . All tho its a weekly chart we have spent the better part of this year building this set-up and we have about a month before the big dogs will be gone on their holiday vacations and they will want their paychecks in their acct before they go for the year leaving a few junior members in charge to just watch things . The elections here tuesday may be the thing that starts the ball rolling . The great purpled lipped messiah has found out it takes more than blaming the previous...
What kind of president can't golf, can't bowl, can't throw out a decent
pitch at an All Star game? Our purple lipped chain smoking narcissistic
pres suffers with cyanosis and quite likely won't make to or through
a second term... if tobacco doesn't take him out, one of the other
elements of the electorate or of the Bureau of ATF may. LOL

Dr. D.
  • #262,508
  • Oct 31, 2010 4:06pm Oct 31, 2010 4:06pm
Quoting redsword11
Attachment




as it appears - supply consumpton and further advance


Attached Image (click to enlarge)
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further advance after a weaker drop, pullback to demand
  • #262,509
  • Oct 31, 2010 4:30pm Oct 31, 2010 4:30pm
Quoting fourxtrader
What kind of president can't golf, can't bowl, can't throw out a decent
pitch at an All Star game? Our purple lipped chain smoking narcissistic
pres suffers with cyanosis and quite likely won't make to or [i][color=blue]through...
lol, well that would be the kind we got atm ha ha , everything is always someone elses fault I am great because I am telling you I am great you must believe me or I will throw a little hissy fit because I dont know how to do anything else and you are not supposed to be smart enough to see thru my bullshit and lies and when you do I am just going to blame someone else , his resume ought to look like it should when it gets its worse than jimmy carter stamp on it lol maybe even worst ever which is really where he ranks , what a joke , biggest joke tho is all the ones that fell for his teleprompter speeches , they are finding out there is no substance and there is a reason , there wasent any to begin with . Its like a bad trade ha ha , you can hope all you want but its not going to get better.
  • #262,510
  • Oct 31, 2010 4:40pm Oct 31, 2010 4:40pm
Did the markets opened? My broker is still closed..
  • #262,511
  • Oct 31, 2010 4:44pm Oct 31, 2010 4:44pm
It always happens that when there`s so much hype about a direction, the opposite happens, as if the big dogs wanna smash the retail traders!
  • #262,512
  • Oct 31, 2010 4:45pm Oct 31, 2010 4:45pm
The open
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I need to finish something i started
  • #262,513
  • Oct 31, 2010 4:48pm Oct 31, 2010 4:48pm
Quoting bigwal
The open
Hmmm... nice to enter shorts to cover gaps!... I`m getting impatient now!, with trading disabled for another 15 mins...
  • #262,514
  • Oct 31, 2010 4:55pm Oct 31, 2010 4:55pm
Quoting zapper
Hmmm... nice to enter shorts to cover gaps!... I`m getting impatient now!, with trading disabled for another 15 mins...
Why is trading disabled? I usually can take a trade 5.30 EST every Sunday.. but its almost 6 now and their no open from my broker side..
  • #262,515
  • Oct 31, 2010 4:56pm Oct 31, 2010 4:56pm
Our clocks have gone back an hour in the uk.
I need to finish something i started
  • #262,516
  • Oct 31, 2010 4:59pm Oct 31, 2010 4:59pm
my feeling is an initial rejection @ 16060 in the short term back toward 16010-23% of friday's main move,before maybe further upside
  • #262,517
  • Edited 5:51pm Oct 31, 2010 5:06pm | Edited 5:51pm
Markets opened. I`m short @ 1.6049 target 1.5999.

Cheers!.
  • #262,518
  • Oct 31, 2010 5:07pm Oct 31, 2010 5:07pm
Quoting Purple
Did the markets opened? My broker is still closed..
What broker do you use?
  • #262,519
  • Edited 6:33pm Oct 31, 2010 5:43pm | Edited 6:33pm
Quoting AdrianHNV
Maybee your fan needs cleaning, one of my comps has a buzzing sound in it when the fan gets clogged up with dust...either blow it out or carefully suck it out with a hoover of course
Adrian, why dont you keep your inept,senseless, rude,ignorant,perverted,letching and quite clearly repressed and badly retentive behaviour somewhere more appropriate...like sucking it all back where it came from?
The heading of "diseased " is quite likely true, given your inability to comprehend anything other than your own pathetic ,but very aggressive, little ego. However I did mean to say DECEASED.Go back to your pathetic little MLM websites. Why on earth are you scouting for people on this site? Even the idiots on this site have more intelligence than you. Or, are you hoping that what you think of as poor little newbies are going to track you onto one of your MLM sites?. Anyone with half an ounce of intelligence will track you back and see what a very unintelligent,nasty little person you are. But there we have it. You are trying to suck up unintelligent people onto your "get rich quick sceems". Somehow ,grow a brain and realise you are not going to find such fools on this site.
Many , many people are fed up with you taking space with your patronising and purile posts.You are known as somebody who is a boring,spacewasting,fantasist. As someone who has suffered one of your private messages, I know you as a vile little specimen, totally inarticulate through your anger as being shown up for who you are. Your next message will be put through to the appropriate authoraties.I believe you to be a Public nuisance.
All systems of divination, like music itself,work through patterns.
  • #262,520
  • Oct 31, 2010 5:56pm Oct 31, 2010 5:56pm
Quoting bbakker
Here is my h4 chart with my reasoning as to why I will go short IF we gap up.

Attachment

Price is currently at the top of the Bollinger Bands and if we gap up, it will have broken through the Bollinger Bands. CCI is showing overbought and shows bearish divergence. If we gap up into the supply zone starting at 1.6058... I will sell. Anything less or a gap down and I will look at other pairs for trading on the Sunday open. Success with your trading!
Just to let you know.. I did not take this short. Yes we gapped up, but for me it was too small a gap and it didn't pierce the BB on the h4.
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