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Cable Update (GBPUSD)

  • #264,041
  • Nov 11, 2010 12:27am Nov 11, 2010 12:27am
Quoting Magix
I say we still got support on daily roll over which if price kept on the decline would be the same support as the 200EMA on 5m chart. My 15m chart says current short cycle but still long on support.
Ya the 1.6110 area is likely to give some support. I will see how price reacts at those levels. And take my profit there if it gets alot of support, if not I think the 1.6020 area is likely to get a lot of support.

Atleast I don`t see a move to the upside without touching 1.6110.
  • #264,042
  • Nov 11, 2010 12:29am Nov 11, 2010 12:29am
Another view...

15m chart.

1. Monday rollover price. Was showing as resistance earlier during NY session.
2. Monday rollover price. Showing as current support.
3. Todays rollover price. If we drop current support, that is where the next support line would be...
Attached Image (click to enlarge)
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #264,043
  • Nov 11, 2010 12:35am Nov 11, 2010 12:35am
Quoting Magix
Another view...

15m chart.

1. Monday rollover price. Was showing as resistance earlier during NY session.
2. Monday rollover price. Showing as current support.
3. Todays rollover price. If we drop current support, that is where the next support line would be...
Nice chart. Thanks
  • #264,044
  • Nov 11, 2010 12:35am Nov 11, 2010 12:35am
Quoting maxss280
Doh! Thanks Magix for pointing that out. Missed that.
That's why we here brother, help each other from sitting through a shitty dead session...

I been through a lot of them, going WTF?

MOVE DAMMIT!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #264,045
  • Nov 11, 2010 2:12am Nov 11, 2010 2:12am
There is that test of both support zones, #2 as per first chart, price at daily rollover today.

Seems to have held...
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #264,046
  • Nov 11, 2010 2:36am Nov 11, 2010 2:36am
Morning all
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  • #264,047
  • Nov 11, 2010 2:46am Nov 11, 2010 2:46am
Unfortunately 'Cable' not getting much help from Euro this morning to go back up, which doesn't help.
  • #264,048
  • Nov 11, 2010 3:05am Nov 11, 2010 3:05am
should be away from GU trade today n try to look at Eu n AUD...
just my 2 cent

g
  • #264,049
  • Nov 11, 2010 3:13am Nov 11, 2010 3:13am
I'm Long GU, Short EU, Double short EG...
  • #264,050
  • Edited 3:37am Nov 11, 2010 3:18am | Edited 3:37am
Quoting M@2t
I'm Long GU, Short EU, Double short EG...
mmm....

before u make ur setting pls consider this :-

1. Eu daily.....
2. Even GU daily double bottom, weekly n H4 ?
3. Daily USDX
4. CAD n CHF daily & H4

good luck in ur trade....

g
  • #264,051
  • Nov 11, 2010 3:43am Nov 11, 2010 3:43am
long @ 1.6105 (monthly high)
SL @ 1.6090
TP @ 1.6290
  • #264,052
  • Nov 11, 2010 3:51am Nov 11, 2010 3:51am
Quoting Dayboy001
long @ 1.6105 (monthly high)
SL @ 1.6090
TP @ 1.6290
Yup me too, although slightly different.........TP 1.6190 not toooo much!!!!
  • #264,053
  • Nov 11, 2010 3:56am Nov 11, 2010 3:56am
i dont see anything bullish.

i cant wish u luck, because im short from .6145.
  • #264,054
  • Nov 11, 2010 3:56am Nov 11, 2010 3:56am
Quoting AdrianHNV
Yup me too, although slightly different.........TP 1.6190 not toooo much!!!!
I will never make it there !!

I struggle past +40 will prob try and hold out until todays high 6178 and then reevaluate !!
  • #264,055
  • Nov 11, 2010 3:57am Nov 11, 2010 3:57am
G/M,

yesteday's 6135 Hi and post Boe Qtrly inflation report move up saw a small pullback to the previous 1hr swing hi zone and another leg up in the overnight/asian session to the present 6179 intraday Hi in the previous 1hr/4hr swing hi zone, confluence with Daily R1 pivot - where price has found some supply, pulling back to the bottom of a previous 1hr swing hi zone and the topside of the previously 1hr/4hr descending trend line, that was breeched to the upside in the move up...some demand found there.

Definate bullish thrust candle close on yesterday's daily candle.

Current 1hr screenshot is below.

G/L
http://www.easy-upload.net/fichiers/...1111105717.gif
ex member
  • #264,056
  • Nov 11, 2010 3:59am Nov 11, 2010 3:59am
price trapped under this TL and ema20 (M15) for now I think
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  • #264,057
  • Nov 11, 2010 4:04am Nov 11, 2010 4:04am
Quoting Dayboy001
I will never make it there !!

I struggle past +40 will prob try and hold out until todays high 6178 and then reevaluate !!
Yup lots of reevaluating going on here too,,,,,,,,,,, Like too have one or two 'long as in time trades' as well as several smaller ones too. Caught the trip down from1.6172 down to 1.6111 earlier, now waiting for it to go back up again in of course lots of little stages.

It's a little like a 'freaky Friday' without the freaks....................

Lots of tea this morning as well.
  • #264,058
  • Nov 11, 2010 4:08am Nov 11, 2010 4:08am
My IMHO
http://www.forexfactory.com/showpost...&postcount=883

Could be wrong

Cheers,
Iqyu

Quoting Dayboy001
long @ 1.6105 (monthly high)
SL @ 1.6090
TP @ 1.6290
not euphoria follower
  • #264,059
  • Nov 11, 2010 4:14am Nov 11, 2010 4:14am
Something you don't see very often but when it does appear can be a good part of a confluence of reasons to short - the treble osma regular immediate-seperate peak bearish divergence at today's current hi. Osma is the white oscillator shown on the 30min screenshot below.

G/L
Attached Image (click to enlarge)
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ex member
  • #264,060
  • Nov 11, 2010 4:16am Nov 11, 2010 4:16am
Quoting iqyu5an
My IMHO
http://www.forexfactory.com/showpost...&postcount=883

Could be wrong

Cheers,
Iqyu
You maybe correct, however I am hoping a break of 1.3744 on fibre will drag cable up to where I want to go.

need to clear 1.6125 before I am happy

gold has broken high so thats a start
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