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Cable Update (GBPUSD)

  • #263,721
  • Nov 9, 2010 3:25am Nov 9, 2010 3:25am
Quoting bbmac
yeh, if you decide to bail before they will be bad numbers-lol !! but if you hold they will be good !!

G/L
SODS law Mac lol. I am short from 1.6135 and holding but getting itchy fingers. Hoping for 1.6033 to hit TP.
You've got to be IN IT to WIN IT!
  • #263,722
  • Nov 9, 2010 3:31am Nov 9, 2010 3:31am
Quoting bbmac
yeh, if you decide to bail before they will be bad numbers-lol !! but if you hold they will be good !!

G/L
aint that the truth. I bailed for about 20, so im glad i did that... pretty mild reaction mind you!
  • #263,723
  • Nov 9, 2010 3:32am Nov 9, 2010 3:32am
even the news came negative but still its holding above that 1.6080. Dont know why it isnt falling
  • #263,724
  • Nov 9, 2010 3:39am Nov 9, 2010 3:39am
Quoting Ifty
SODS law Mac lol. I am short from 1.6135 and holding but getting itchy fingers. Hoping for 1.6033 to hit TP.
Out at BE. What a flaming disaster .
You've got to be IN IT to WIN IT!
  • #263,725
  • Nov 9, 2010 3:42am Nov 9, 2010 3:42am
TP1 HIT! SL set to BE
TP3 calculated for 6250

Quoting scurt
Long 6105 SL6065 tp1 6130 tp2 6170 tp3 undecided yet depends on news within 30 min.

reasons:
15M 2 nice hammers
unable to close below S1
200EMA on H1 should provide some support
created llow, hhigh
  • #263,726
  • Nov 9, 2010 3:42am Nov 9, 2010 3:42am
Quoting ammarmemon
even the news came negative but still its holding above that 1.6080. Dont know why it isnt falling
Data was mixed, last month's #'s were revised up and ind prod was above forecast although manuf was < last month and < forecast. Trade defecit was above forecast but better than last. month. Pairing had begun to garnish some demand in the previous 1hr swing lo zone leading down to current intraday lo before the data hit.

G/L

http://www.easy-upload.net/fichiers/z.201011910423.gif
ex member
  • #263,727
  • Nov 9, 2010 3:46am Nov 9, 2010 3:46am
Welcome To Indonesia, Mr OBAMA ....

Rgds,Iqyu
not euphoria follower
  • #263,728
  • Nov 9, 2010 3:47am Nov 9, 2010 3:47am
bcoz ... this is forex hehehhehehe

They pick up for another short



rgds,iqyu

Quoting ammarmemon
even the news came negative but still its holding above that 1.6080. Dont know why it isnt falling
not euphoria follower
  • #263,729
  • Nov 9, 2010 3:49am Nov 9, 2010 3:49am
Quoting bbmac
Data was mixed, last month's #'s were revised up and ind prod was above forecast although manuf was < last month and < forecast. Trade defecit was above forecast but better than last. month. Pairing had begun to garnish some demand in the previous 1hr swing lo zone leading down to current intraday lo before the data hit.

G/L

http://www.easy-upload.net/fichiers/z.201011910423.gif
Thanx for the nice explanation. So what do u think now? Will it continue this bullish move or was just a jump up for the reasons u mentioned?

I think 1.6160 level is quite strong to be broked.
  • #263,730
  • Nov 9, 2010 3:56am Nov 9, 2010 3:56am
Quoting ammarmemon
Thanx for the nice explanation. So what do u think now? Will it continue this bullish move or was just a jump up for the reasons u mentioned?

I think 1.6160 level is quite strong to be broked.

I'm not stupid enough to think I can predict future price action- lol !! all I know is that there was a 5min bull thrust candle on data react closing at 0935 and it closed above the last HL on that t/f...but pulled back to the 38.2% of the m,ove up from the 1hr descending trend line...the previous 5min swing highs is where any potential fresh demand to push this thing higher may be found ?? Plentty of potential res/sbr factors overhead.

I just play the edges as they present themselves.

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: z.gif Size: 14 KB
ex member
  • #263,731
  • Nov 9, 2010 3:56am Nov 9, 2010 3:56am
Cable behaving nicely today for me....its about time as it normally loves to bite me in the ass when i least expect it

Looking for it to get to DP. Just need her to pop through 1.6132
Enter Signature
  • #263,732
  • Nov 9, 2010 3:57am Nov 9, 2010 3:57am
Quoting ammarmemon
even the news came negative but still its holding above that 1.6080. Dont know why it isnt falling

I wonder the same thing man... I was all ready to go short and I just don't get it.

We need a technical explanation.
  • #263,733
  • Nov 9, 2010 3:58am Nov 9, 2010 3:58am
Quoting iqyu5an
Welcome To Indonesia, Mr OBAMA ....

Rgds,Iqyu
How much will it cost to keep him there Igyu
  • #263,734
  • Nov 9, 2010 4:00am Nov 9, 2010 4:00am
Quoting Arona
I wonder the same thing man... I was all ready to go short and I just don't get it.

We need a technical explanation.
This is my VERY technical explanation from yesterday lol

Quoting darrenware
....it needs to come down to the big boys and girls that have the money to buy
Enter Signature
  • #263,735
  • Nov 9, 2010 4:05am Nov 9, 2010 4:05am
He he he he .... yeah.... alot

Quoting AdrianHNV
How much will it cost to keep him there Igyu
not euphoria follower
  • #263,736
  • Nov 9, 2010 4:11am Nov 9, 2010 4:11am
Quoting darrenware
Looking for it to get to DP. Just need her to pop through 1.6132

1.6132 gone
Enter Signature
  • #263,737
  • Nov 9, 2010 4:15am Nov 9, 2010 4:15am
Set TP at 200ema on M15 1.6145....and SL at 1.6130 to conserve pips
Enter Signature
  • #263,738
  • Nov 9, 2010 4:19am Nov 9, 2010 4:19am
Done for the day here.

Price is challenging the potential res/sbr factors on the 1hr t/f, having breeched the steepest desc trend line on 1hr...weekly and daily pivots overhead 6147/51 area..


Current near-term 1hr screenshot is below. A case of trading what you see not you think there for some ??

G/L

http://www.easy-upload.net/fichiers/z.2010119111854.gif
ex member
  • #263,739
  • Nov 9, 2010 4:21am Nov 9, 2010 4:21am
Quoting darrenware
Set TP at 200ema on M15 1.6145....and SL at 1.6130 to conserve pips
Closed @ 1.6142 its finding it hard get any higher at the moment
Enter Signature
  • #263,740
  • Nov 9, 2010 4:26am Nov 9, 2010 4:26am
I am off, catch you all later.

Good luck
Enter Signature
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