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Cable Update (GBPUSD)

  • #263,421
  • Nov 5, 2010 2:01am Nov 5, 2010 2:01am
wait the 15900 to go long
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.gif Size: 21 KB
Senior Trader Multi-Account Manager
  • #263,422
  • Nov 5, 2010 2:18am Nov 5, 2010 2:18am
Quoting lorix
wait the 15900 to go long
why not shorting now?
  • #263,423
  • Nov 5, 2010 2:50am Nov 5, 2010 2:50am
Very Quiet in here this morning.

Long@ 1.62
SL@ 1.6160
TP@ 1.6240

Reason touch and bounce off (my) intraday pivot 1.61905
  • #263,424
  • Nov 5, 2010 2:52am Nov 5, 2010 2:52am
Yesterday's Hi (6297) came at the Weekly R2 pivot, 6189 the current intraday low around the 23.6% of the 5876-6297 4hr swing up. Hidden divergence building 1n the 1hr oscillators? Current 1hr screenshot below.

Uk PPi and U.s Nfp later.

G/L

http://www.easy-upload.net/fichiers/z.201011585221.gif
ex member
  • #263,425
  • Nov 5, 2010 2:56am Nov 5, 2010 2:56am
Morning DayBoy...long also 16192 (just above 200ema M15)
  • #263,426
  • Nov 5, 2010 3:01am Nov 5, 2010 3:01am
Quoting chazzle
Morning DayBoy...long also 16192 (just above 200ema M15)
out for BE will wait for 16160 if it hits
  • #263,427
  • Nov 5, 2010 3:09am Nov 5, 2010 3:09am
Quoting jimmyxox
why not shorting now?
wait the short trend to be broken
from there a small buy with few pips stoploss
Senior Trader Multi-Account Manager
  • #263,428
  • Nov 5, 2010 3:12am Nov 5, 2010 3:12am
Quoting chazzle
out for BE will wait for 16160 if it hits
I may be wrong but looks like a wasted opportunity to me.
  • #263,429
  • Nov 5, 2010 3:15am Nov 5, 2010 3:15am
I wonder whether 1hr will develop a trigger for it's hidden divergence set-up ?

Time will tell

Uk PPi later (0930am Uk time) last mth saw pick up in the index showing production factors inflation is real...forecast for a larger increase this time.

G/L
http://www.easy-upload.net/fichiers/z.201011591418.gif
ex member
  • #263,430
  • Nov 5, 2010 3:20am Nov 5, 2010 3:20am
what has he said here? why dose it just effect on uk gbp?
is it real reason for gbp falling? i can't find any technical pattern for such a huge droping while the others side or even up
sorry i forgot the link lol:http://www.forexfactory.com/news.php?do=news&id=264105
  • #263,431
  • Nov 5, 2010 3:26am Nov 5, 2010 3:26am
took it
Attached Image (click to enlarge)
Click to Enlarge Name: gu0611.gif Size: 24 KB
  • #263,432
  • Nov 5, 2010 3:30am Nov 5, 2010 3:30am
Quoting peyman
what has he said here? why dose it just effect on uk gbp?
is it real reason for gbp falling? i can't find any technical pattern for such a huge droping while the others side or even up
sorry i forgot the link lol:http://www.forexfactory.com/news.php?do=news&id=264105

My news service says that

GBP weakness is being attributed to Standard Chart £3.3B rights issue.

  • #263,433
  • Nov 5, 2010 3:36am Nov 5, 2010 3:36am
Quoting david777
My news service says that

GBP weakness is being attributed to Standard Chart £3.3B rights issue.

? what is it?and how much can pull gbp down?
  • #263,434
  • Nov 5, 2010 3:40am Nov 5, 2010 3:40am
Quoting peyman
? what is it?and how much can pull gbp down?
Sorry that's all the info I have. I don't follow equities. Maybe someone else can make better sense of it than me. I would suspect that it was temporary selling of GBP because of the rights issue but don't bet your house on that!!!
  • #263,435
  • Nov 5, 2010 3:47am Nov 5, 2010 3:47am
what do you think guys about going long (scalp) at 1,6168?
  • #263,436
  • Nov 5, 2010 3:49am Nov 5, 2010 3:49am
Quoting dejv
what do you think guys about going long (scalp) at 1,6168?
what would be your reason (s) for going long there ?
ex member
  • #263,437
  • Nov 5, 2010 3:56am Nov 5, 2010 3:56am
$GBPUSD: Is around a cent lower than its BoE-inspired high at 1.6300 no real catalyst only some rumours of sales for dividend purposes . daily fx
  • #263,438
  • Nov 5, 2010 3:56am Nov 5, 2010 3:56am
Quoting bbmac
what would be your reason (s) for going long there ?
61,8 fibo last up leg + 38,2 fibo from 1,5959 + almost ideal 1:1 with last corrective

unfortunately i can't post chart
  • #263,439
  • Nov 5, 2010 3:59am Nov 5, 2010 3:59am
Quoting bbmac
what would be your reason (s) for going long there ?
bbmac, how do you determine that trigger on the hidden h1 divergence ? Thx
  • #263,440
  • Nov 5, 2010 4:00am Nov 5, 2010 4:00am
Quoting dejv
61,8 fibo last up leg + 38,2 fibo from 1,5959 + almost ideal 1:1 with last corrective

Yeh I have a 3 fib cluster 6163-69 of fibs from 2 x 4hr swings up to current 6297 hi and 1 x 1gr swings up to same hi, the breeched Weekly R1 pivot is also there...it also falls at top of that previous 4hr swing hi zone. For me if price reaches there I will see if I get any kind of set-up to go long, and if not I will not.

G/L
ex member
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