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Cable Update (GBPUSD)

  • #263,021
  • Nov 3, 2010 9:44am Nov 3, 2010 9:44am
Quoting fourxtrader
Still an opportunity for the 1H trend to continue upward.
Here the 15M is going into a squeeze and could release
in the Asian / LDN session. The 5M earlier couldn't fully
form and hold a tight pattern to produce a strong move.

Dr. D.
The 1H trend continuation. We'll see what NFP brings.

Dr. D.
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  • #263,022
  • Nov 3, 2010 9:53am Nov 3, 2010 9:53am
Quoting yuan83
consolidation on the 5 min
Thanks, although it still looks like she will pick up her skirt a little
  • #263,023
  • Nov 3, 2010 9:58am Nov 3, 2010 9:58am
GU
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  • #263,024
  • Nov 3, 2010 10:02am Nov 3, 2010 10:02am
reason for fall right now is the huge bearish diversion..if yur short..this is something to look at..if magix number 3 goes on the chart he posted where he said good to buy..

good analysis btw as its pretty much where the uptrendline is..if that goes bearish wedge may playout..and usd gain..


Quoting Magix
Okay, so here is the way I see things currently...

We are still below roll over price, but that is only as for now...who knows what a little surge could bring....

Area on the chart...
1....
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  • #263,025
  • Nov 3, 2010 10:04am Nov 3, 2010 10:04am
Quoting AdrianHNV
btw wad's ur SL
  • #263,026
  • Nov 3, 2010 10:12am Nov 3, 2010 10:12am
Bounced right off 78.6 fib and trendline broken .

LFXJPY right on the trendline,daily close above it should push UJ higher.

Today's close may set the tone for the rest of the month imo.
I may be wrong,lets see.

Good luck to all.
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  • #263,027
  • Nov 3, 2010 10:13am Nov 3, 2010 10:13am
Quoting cloggie
Next target 4007, why? See yesterday's posts and it is the top of the bottom box.
Here you go job done, simples.

Top chart is the one from this morning, bottom chart is the one now, red area was the one to watch for your direction and to keep your nerves in check.

So that was about 70 pips to trade of in the morning and 50 in the afternoon.
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  • #263,028
  • Nov 3, 2010 10:13am Nov 3, 2010 10:13am
1.4007 ... Nice one Cloggie, again !
Hello.
  • #263,029
  • Nov 3, 2010 10:15am Nov 3, 2010 10:15am
Quoting emene
1.4007 ... Nice one Cloggie, again !

We are not done yet, still got the bottom of the box to play out. The problem is that 90% here just make it all too complicated.
  • #263,030
  • Nov 3, 2010 10:16am Nov 3, 2010 10:16am
Quoting Dayboy001
Closed 1/2 @ +28
Moved SL to B/E +1

now just hoping for a massive fall and Strong US news later.

only got 27 pip margin but have made my money for today so happy with that.
I am just awful at hanging on to Winners

Closed other 1/2 @ + 68

Total
1st 1/2 + 28
2nd 1/2 + 68
= 96/2 = 48
  • #263,031
  • Nov 3, 2010 10:16am Nov 3, 2010 10:16am
Quoting darrenware
I am long 1.6104 but my TP is 1.6134
BAD call Mr Ware....someone here kick my ass!
Enter Signature
  • #263,032
  • Nov 3, 2010 10:18am Nov 3, 2010 10:18am
Quoting cloggie
We are not done yet, still got the bottom of the box to play out. The problem is that 90% here just make it all too complicated.

I cleared all my shorts here, waiting to see where she goes. No need to be greedy.
  • #263,033
  • Nov 3, 2010 10:18am Nov 3, 2010 10:18am
Quoting honeybhi
Bounced right off 78.6 fib and trendline broken .

LFXJPY right on the trendline,daily close above it should push UJ higher.

Today's close may set the tone for the rest of the month imo.
I may be wrong,lets see.

Good luck to all.
monthly pin on swissy cant be taken lightly..monthly charts almost always playout..actually not even sure if almost is the right word as i have seen it fail once..with hindsight ofcourse
  • #263,034
  • Nov 3, 2010 10:19am Nov 3, 2010 10:19am
Well Tommy did you hold your nerves?

I normally don't do exact play by plays just give out the levels because everybodies risk appetite is different, but this one was for you just to help you on your way and give you a bit more confidence.
  • #263,035
  • Nov 3, 2010 10:20am Nov 3, 2010 10:20am
Quoting cloggie
Here you go job done, simples.

Top chart is the one from this morning, bottom chart is the one now, red area was the one to watch for your direction and to keep your nerves in check.

So that was about 70 pips to trade of in the morning and 50 in the afternoon.
DONE! SIMPLES!
A pip is only worth it if you know how much you risked to earn it
  • #263,036
  • Nov 3, 2010 10:22am Nov 3, 2010 10:22am
Quoting cloggie
We are not done yet, still got the bottom of the box to play out. The problem is that 90% here just make it all too complicated.
Geat advice Cloggie!

I managed 20pips on that one, I got in a bit late....lol

I had to T/P andgo flat now as I have to go out.

Thanks for your guidance this afternoon. I'll have to look EU/USD again tomorrow.

Bye all - Cya tomorrow!
  • #263,037
  • Nov 3, 2010 10:23am Nov 3, 2010 10:23am
Quoting cloggie
Well Tommy did you hold your nerves?

I normally don't do exact play by plays just give out the levels because everybodies risk appetite is different, but this one was for you just to help you on your way and give you a bit more confidence.
Yes, I held nerve...lol

Flat now though - have to go out.

Thanks Cloggie - great stuff!
  • #263,038
  • Nov 3, 2010 10:24am Nov 3, 2010 10:24am
Quoting TommyPips
Yes, I held nerve...lol

Flat now though - have to go out.

Thanks Cloggie - great stuff!

I just wanted to show you how simple trading can be, you just need the confidence to believe in your turts and ranges.
  • #263,039
  • Nov 3, 2010 10:24am Nov 3, 2010 10:24am
Quoting nAVIN2007
monthly pin on swissy cant be taken lightly..monthly charts almost always playout..actually not even sure if almost is the right word as i have seen it fail once..with hindsight ofcourse
Its indeed looking good.

It had a perfect bounce of the 38.2 of the previous swing.
Looks like a higher low on daily.Waiting for it to take out previous high.

Lets see how it close today.
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  • #263,040
  • Nov 3, 2010 10:28am Nov 3, 2010 10:28am
Quoting cloggie
I just wanted to show you how simple trading can be, you just need the confidence to believe in your turts and ranges.
Hi Cloggie, I've just read through the last few pages here, your levels are exactly spot on.

Will try to read the pages to sift out the gems and learn to sight those levels ,
guess some homework needs to be done over the weekend
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