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Cable Update (GBPUSD)

  • #263,921
  • Nov 10, 2010 5:16am Nov 10, 2010 5:16am
Quoting GlobalMacro
I hope you're still riding the wave up, Kas, enjoy!
Yup,you too.Actually, i've got a crayon line in at 16074 so i'm keeping a close eye on it.
All systems of divination, like music itself,work through patterns.
  • #263,922
  • Nov 10, 2010 5:28am Nov 10, 2010 5:28am
Quoting darrenware
Currently got a 38 pip trailing stop
Dont trust trailing stop, moving manually currently 1.6053...hopefully cable keeps above 15m 200ema. Next key level for me is 1.6090 which is also near the 200ema on 30m and the 61.8 fib
Enter Signature
  • #263,923
  • Edited 5:42am Nov 10, 2010 5:30am | Edited 5:42am
Small pullback off 50% of yesterday's hi-lo to the then 23.6% of the move up from yesterday's lo to that 50% fib with daily pivot confluence...and another leg up results...1min hidden divergence led the way...it has been my 1st trade of the day and is my last as intraday target met.

Price has reached the top of the previous 1hr swing lo x 2 zone.

Finishing here as Boe Press conference drags on.

G/L

http://www.easy-upload.net/fichiers/...1110122815.gif

http://www.easy-upload.net/fichiers/...1110124147.gif
ex member
  • #263,924
  • Nov 10, 2010 5:32am Nov 10, 2010 5:32am
LONDON (Dow Jones)--Global conditions pose the greatest risk to the U.K. outlook, Bank of England Governor Mervyn King said Wednesday, underscoring the need for world leaders to reach agreement on the unwinding of imbalances to secure a "win-win" outcome for all.
At a press conference in London, King defended the use of quantitative-easing bond purchases, and described some recent criticism of the U.S. Federal Reserve's $600 billion extension of the policy as "rather baffling."
But he stressed that the underlying causes of the crisis haven't yet been tackled, and warned that unless Group of 20 industrial and emerging nations reach agreement, the situation could become "lose-lose."
"Unless we recognize that [collective interest], we face a situation in which more countries will resort to policy instruments that are damaging to everyone. It is that serious," King said.
"The world economy is facing difficult and dangerous times," he added, adding that if there were further, major downside movements in the world economy, the U.K. wouldn't be immune.


some words from King.
  • #263,925
  • Nov 10, 2010 5:37am Nov 10, 2010 5:37am
Quoting kaspopsicle
Yup,you too.Actually, i've got a crayon line in at 16074 so i'm keeping a close eye on it.
Hope you have different colour crayons for different support and resistance levels my kids have loads if you run out of a particular colour
Enter Signature
  • #263,926
  • Nov 10, 2010 5:37am Nov 10, 2010 5:37am
Hit 38.2 fib of 1.6297 - 1.5951.
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  • #263,927
  • Nov 10, 2010 5:47am Nov 10, 2010 5:47am
Quoting darrenware
Dont trust trailing stop, moving manually currently 1.6053...hopefully cable keeps above 15m 200ema. Next key level for me is 1.6090 which is also near the 200ema on 30m and the 61.8 fib

My ema 200 (30m) and 61.8 fib is 1.6094.....its trying to get through
Enter Signature
  • #263,928
  • Nov 10, 2010 5:48am Nov 10, 2010 5:48am
Moved SL to 1.6067 my 50 fib
Enter Signature
  • #263,929
  • Nov 10, 2010 5:49am Nov 10, 2010 5:49am
shorting this
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  • #263,930
  • Nov 10, 2010 5:53am Nov 10, 2010 5:53am
Chart did not attach
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Enter Signature
  • #263,931
  • Nov 10, 2010 6:11am Nov 10, 2010 6:11am
Sell trade from 1.6086 ahead of the next round of news........... TP somewhere around the 1.6040 area
  • #263,932
  • Nov 10, 2010 6:17am Nov 10, 2010 6:17am
Quoting grashid
GM guys,

damm really hit at my 2 critical area as am posted before (sorry i have to delete that post for some reason, for those who got it, u got it, for those who not just ask from some one who got that)

Ok simple again it parked at my second critical area to formed some reversal where am looking at my 3 yellow line or back to pink line where is the important suport in yesterday drop or even higher to that blue dotted line where it started to drop....if it failed to touch that pink line, massive drop directely to second area of yellow...
2nd great day for 115+ pips exactly stop at my pink dotted line...

n now is the time for short?

enjoys ur trade guys
Attached Image (click to enlarge)
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  • #263,933
  • Nov 10, 2010 6:35am Nov 10, 2010 6:35am
Hey Boys and Girls,

Yeah, I know, long time... Been on Fibre thread as trading mostly fibre now...

Just went short on Cable with s/l at 1.6110... t/p open for now
@pawpaw1000 on Twitter
  • #263,934
  • Nov 10, 2010 6:38am Nov 10, 2010 6:38am
Looks like the consensus is to short now...so i am keeping in my long

Hope the US missed some of the move up and is now soaking up the sellers to move north...i may be making that up though looking for reasons to move up
Enter Signature
  • #263,935
  • Nov 10, 2010 6:43am Nov 10, 2010 6:43am
long, long, only long - before G20.
  • #263,936
  • Nov 10, 2010 6:45am Nov 10, 2010 6:45am
Quoting darrenware
Looks like the consensus is to short now...so i am keeping in my long

you could bee right. who knows..........
  • #263,937
  • Nov 10, 2010 6:47am Nov 10, 2010 6:47am
Quoting darrenware
Looks like the consensus is to short now...so i am keeping in my long

Hope the US missed some of the move up and is now soaking up the sellers to move north...i may be making that up though looking for reasons to move up
I'm out now...waiting to see if we get nearer the channel top,hoping to squeeze out weak shorts before going in again 16120-16140
  • #263,938
  • Nov 10, 2010 6:49am Nov 10, 2010 6:49am
Quoting chazzle
I'm out now...waiting to see if we get nearer the channel top,hoping to squeeze out weak shorts before going in again 16120-16140
I am in a free trade at the moment as my SL is nearly 60 pips up...so just enjoying watching PA
Enter Signature
  • #263,939
  • Nov 10, 2010 6:52am Nov 10, 2010 6:52am
Quoting darrenware
I am in a free trade at the moment as my SL is nearly 60 pips up...so just enjoying watching PA
  • #263,940
  • Nov 10, 2010 7:01am Nov 10, 2010 7:01am
I am out now....good luck everyone, time for food
Enter Signature
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