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Cable Update (GBPUSD)

  • #264,081
  • Nov 11, 2010 5:10am Nov 11, 2010 5:10am
a bounce just shy of the weekly pivot,

closed 1/2 @ 1.6145 for +40
moved SL to B/E
  • #264,082
  • Nov 11, 2010 5:12am Nov 11, 2010 5:12am
HEADS UP: Things may be a little quieter in North American trade in light of the Veterans Day bank holiday.
  • #264,083
  • Nov 11, 2010 5:12am Nov 11, 2010 5:12am
Cable dropped back 10 or so pips before making headway north again
  • #264,084
  • Nov 11, 2010 5:17am Nov 11, 2010 5:17am
i'm shorting [email protected]
  • #264,085
  • Nov 11, 2010 5:18am Nov 11, 2010 5:18am
Quoting Dayboy001
a bounce just shy of the weekly pivot,
that's why....
  • #264,086
  • Nov 11, 2010 5:21am Nov 11, 2010 5:21am
Quoting AdrianHNV
Cable dropped back 10 or so pips before making headway north again
1. Gold has broke again
  • #264,087
  • Nov 11, 2010 5:24am Nov 11, 2010 5:24am
Quoting Dayboy001
1. Gold has broke again
2. There goes Cable
  • #264,088
  • Nov 11, 2010 5:24am Nov 11, 2010 5:24am
Quoting Mr.Elliott
that's why....

price has been up and down slicing through the weekly pivot this week like knife thru butter as though it wasn't there. (twice today)..G/L with your trade, it may work out, it may not but in my opinion, it is no reason to short.
ex member
  • #264,089
  • Nov 11, 2010 5:29am Nov 11, 2010 5:29am
Quoting bbmac
price has been up and down slicing through the weekly pivot this week like knife thru butter as though it wasn't there. (twice today)..G/L with your trade, it may work out, it may not but in my opinion, it is no reason to short.
np...bb but thanks for the reminder.....appreciates it.good luck to you too.....
  • #264,090
  • Nov 11, 2010 5:30am Nov 11, 2010 5:30am
Quoting bbmac
price has been up and down slicing through the weekly pivot this week like knife thru butter as though it wasn't there. (twice today)..G/L with your trade, it may work out, it may not but in my opinion, it is no reason to short.
FIBRE just broke south
Cable back below pivot


Had all trades not been covered they would be now !!
  • #264,091
  • Nov 11, 2010 5:31am Nov 11, 2010 5:31am
Quoting Dayboy001
2. There goes Cable
Yup there she goes again..slide back down the hill...... Will catch some more on the way down and then back up again.. all good fun this trading stuff...
  • #264,092
  • Nov 11, 2010 5:34am Nov 11, 2010 5:34am
Quoting Mr.Elliott
np...bb but thanks for the reminder.....appreciates it.good luck to you too.....

Lol, the 1125am london time 5min candle closed as a master bearish engulfing of the last 5 x candle bodies on that t/f...have to go with the money !!...although I had nothing there in respect of pre-identified potential res/sbr...G/L
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  • #264,093
  • Nov 11, 2010 5:35am Nov 11, 2010 5:35am
Quoting bbmac
Lol, the 1125am london time 5min candle closed as a master bearish engulfing of the last 6 x candle bodies on that t/f...have to go with the money !!...although I had nothing there in respect of pre-identified potential res/sbr...G/L
your obviously quick on the draw you'd have made a great gunslinger !!

  • #264,094
  • Nov 11, 2010 5:38am Nov 11, 2010 5:38am
Quoting Dayboy001
your obviously quick on the draw you'd have made a great gunslinger !!


Lol, I had a 1min reversal/counter trend set-up there (bearish div based) but ignored it till close of that 5min candle was a master bear thrust engulf

G/L
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ex member
  • #264,095
  • Nov 11, 2010 5:38am Nov 11, 2010 5:38am
just waiting for:

1.6125 Cable & 1.3717 Fibre

hoping they hold but very much doubt it !!
  • #264,096
  • Nov 11, 2010 5:39am Nov 11, 2010 5:39am
neither cable or fibre broke trends as seen here on H4

Well done on that long from 16100 area though,DB
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  • #264,097
  • Nov 11, 2010 5:40am Nov 11, 2010 5:40am
Quoting Dayboy001
FIBRE just broke south
Cable back below pivot


Had all trades not been covered they would be now !!
Sure will bee a lot of people getting caught out in both directions today if they try and use 'tight SL'....... Personally I have mine set at about 5 times the usual size...... Don't want to get spiked, ,,,,,,,, some might enjoy it but not me
  • #264,098
  • Nov 11, 2010 5:42am Nov 11, 2010 5:42am
Quoting chazzle
neither cable or fibre broke trends as seen here on H4

Well done on that long from 16100 area though,DB
Thanx,

still in play at the moment, (not hopeful though).

Will add if we see 1.6160 again

as I write this fibre has just given way (as good as)
  • #264,099
  • Nov 11, 2010 5:47am Nov 11, 2010 5:47am
Quoting Dayboy001
Thanx,

still in play at the moment, (not hopeful though).

Will add if we see 1.6160 again

as I write this fibre has just given way (as good as)
I was talking about the half you already closed,lol....I'm still looking for that ema200 to go on M15 toward 16080
  • #264,100
  • Nov 11, 2010 5:49am Nov 11, 2010 5:49am
12mins to go but 1hr coulkd close as dark cloud cover or indeed engulf the last bullish engulfing candle on this t/f ?

G/L
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