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Cable Update (GBPUSD)

  • #263,281
  • Nov 4, 2010 7:22am Nov 4, 2010 7:22am
Quoting cloggie
The sh!tty levels that drive the direction and form the next SR, we had a bit of fund with a few of them yesterday in a play by play that a few of us here traded live.
Ok thanks for clarfiying.
Today's zone = Tomorrow's opportunity!
  • #263,282
  • Nov 4, 2010 7:24am Nov 4, 2010 7:24am
Next important upside level is 1,6260.

Good spot to take some profit.
COT: The precious data ignored
  • #263,283
  • Nov 4, 2010 7:24am Nov 4, 2010 7:24am
Quoting cloggie
That's too much like real work, not for me. Having your own thread comes with serious commitment and responsibility. I am a trader not a teacher.
yea but it will definitely conc ur trades, esp in this thread where too many ppl are posting

well i guess u teach as much and as well as u trade.
  • #263,284
  • Nov 4, 2010 7:27am Nov 4, 2010 7:27am
Next GU target: Daily Chart
Attached Image (click to enlarge)
Click to Enlarge Name: GU daily.gif Size: 23 KB
  • #263,285
  • Nov 4, 2010 7:28am Nov 4, 2010 7:28am
Quoting cloggie
am now letting it dwindle down to 4221 or 4190 and see if she has some more in her to the top side.
That worked to plan. Let's see if she has the momentum for 4280. NY is probably going to be a quiet session till Tricky-Trichet opens his gob.
  • #263,286
  • Nov 4, 2010 7:30am Nov 4, 2010 7:30am
Quoting wormboy
5203 is the monthly resistance abhi. but we've cleared 151 W1 resistance.
we're sandwiched in between the levels a few hours before the rates .. how convenient
I've cleared partial profit and locked the remaining position. Hopefully 5203 goes

Good luck
thank you Fowler
Thank You
  • #263,287
  • Nov 4, 2010 7:30am Nov 4, 2010 7:30am
Quoting PipChick
Next GU target: Daily Chart

I got 6356 first as a hurdle. But am expecting 6235 to form some consolidation.
  • #263,288
  • Nov 4, 2010 7:31am Nov 4, 2010 7:31am
Quoting yuan83
hi cloggie, u really shd start ur own thread on eu n gu to teach everyone.
I am on this forum almost everyday for many hours but hardly ever post. I have learned more from Cloggie than anyone else...I think a thread for EU and GBP with direction from his would be extremely useful to us Newbies! I was down to within about $50 to the level that I had set to just close my account and go on vacation with what I had left...but I have inched my account back up a little...so maybe I can hang on long enough to get the hang of this with a little help!
  • #263,289
  • Nov 4, 2010 7:31am Nov 4, 2010 7:31am
Quoting cloggie
That worked to plan. Let's see if she has the momentum for 4280. NY is probably going to be a quiet session till Tricky-Trichet opens his gob.
What is 1,4280 for you ?
I got 1,4290-95 as resistance.

Cheers
COT: The precious data ignored
  • #263,290
  • Nov 4, 2010 7:35am Nov 4, 2010 7:35am
Quoting kuroro001
What is 1,4280 for you ?
I got 1,4290-95 as resistance.

Cheers

I tend to draw my resistances and target a bit wider as a mini range/area and use the bottom of what I find and calculate. I have 42816 to be exact. I have 4251 as the minor obstacle though.
  • #263,291
  • Nov 4, 2010 7:36am Nov 4, 2010 7:36am
Quoting cloggie
I got 6356 first as a hurdle. But am expecting 6235 to form some consolidation.
hmmm I dont see the 6356 hurdle but I could be missing something.
  • #263,292
  • Nov 4, 2010 7:37am Nov 4, 2010 7:37am
Quoting wormboy
thank you Fowler http://cdn.forexfactory.com/images/s...m/big_grin.gif
Quoting honeybhi
Next up maybe 1.6262 area,careful.

Trading gj atm ,Will watch gu for sometime .

Good luck bro.
Nice milking wormie.
I'm looking for a bounce here .
R u still riding higher or taking off here.
I missed gu but made up with gj.
  • #263,293
  • Nov 4, 2010 7:39am Nov 4, 2010 7:39am
Quoting PipChick
hmmm I dont see the 6356 hurdle but I could be missing something.
do not worry gu going to 1.7 to 2 anyway .. all hurdles will be hooped over.

god bless the feds.

One way to make sure htings do not crash is just inject money into the markets... all the bad news today and es did not even move down 1 point
Blogging daily now at www.volume.zone
  • #263,294
  • Nov 4, 2010 7:41am Nov 4, 2010 7:41am
Quoting UgoPips
I am on this forum almost everyday for many hours but hardly ever post. I have learned more from Cloggie than anyone else...I think a thread for EU and GBP with direction from his would be extremely useful to us Newbies! I was down to within about $50 to the level that I had set to just close my account and go on vacation with what I had left...but I have inched my account back up a little...so maybe I can hang on long enough to get the hang of this with a little help!
it will take time to master. gl
  • #263,295
  • Nov 4, 2010 7:42am Nov 4, 2010 7:42am
$GBPUSD: Building onto its gains following disappointing US labor data, resistance at 1.6456-yearly high (daily fx)
  • #263,296
  • Nov 4, 2010 7:42am Nov 4, 2010 7:42am
Cloggie,

Just did another quick one on EU... smaller pips cos it's 20pip but trading off these turts! I think you're on a winner coining a new term for these S/R areas.

And they make more sense! Support Becomes Resistence/Resistence Becomes Support.... confusing! TURTS! TURTS! TURTS!

Ok. I'm calm again. Wont trade until EU breaks turt 4262 or GU comes back to 6196.
A pip is only worth it if you know how much you risked to earn it
  • #263,297
  • Nov 4, 2010 7:43am Nov 4, 2010 7:43am
Quoting malcolmb14
do not worry gu going to 1.7 to 2 anyway .. all hurdles will be hooped over.

god bless the feds.

One way to make sure htings do not crash is just inject money into the markets... all the bad news today and es did not even move down 1 point
Definitely think you are right. I wouldnt doubt it if we saw the 6396 sometime today . Seems far fetched but the way the charts looks..its definitely a possibility.
  • #263,298
  • Nov 4, 2010 7:44am Nov 4, 2010 7:44am
Quoting vlady1974
Cloggie,

Just did another quick one on EU... smaller pips cos it's 20pip but trading off these turts! I think you're on a winner coining a new term for these S/R areas.

And they make more sense! Support Becomes Resistence/Resistence Becomes Support.... confusing! TURTS! TURTS! TURTS!

Ok. I'm calm again. Wont trade until EU breaks turt 4262 or GU comes back to 6196.

That's it just take is one level at a time, 3-4 on cable 3-4 on fibre and you got 150 pips a day.

Just don't get overconfident there are no guarantees in forex.
  • #263,299
  • Nov 4, 2010 7:45am Nov 4, 2010 7:45am
Quoting PipChick
Next GU target: Daily Chart

Hello PipChick,

missed your nice and clean charts, hope you are fine.
  • #263,300
  • Nov 4, 2010 7:46am Nov 4, 2010 7:46am
Another thanx to Clogs,been quietlty watching/reading & stacking the boxes since summer....
Got in @ 16159, top of my box & caught 32 pips, starting to see these levels clearer now,
Thanx
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