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Cable Update (GBPUSD)

  • #264,101
  • Nov 11, 2010 5:50am Nov 11, 2010 5:50am
Quoting Mr.Elliott
i'm shorting [email protected]
next pitstop....1.6070....let see whether it got the strength of supply or not...

ps:is there a small down gap on M15...cable of course...about 1 or 2 pip of gap?
  • #264,102
  • Nov 11, 2010 5:55am Nov 11, 2010 5:55am
Quoting chazzle
I was talking about the half you already closed,lol....I'm still looking for that ema200 to go on M15 toward 16080
Cheers, like i said earlier i struggle past +40pips

call it madness but i have re adjusted my stop back to:

SL @1.6090

and will add another 1/2 @ 1.6105 SL @ 1.6090
(essentially the same trade back up)

profit from last trade covers this one !!

fingers crossed
  • #264,103
  • Nov 11, 2010 6:02am Nov 11, 2010 6:02am
Finishing here for the day with a final look at the current 1hr screenshot in respect of obvious potential supp/res/sbr/rbs factors.

U.s Bank Hol.

G/L
Attached Image
ex member
  • #264,104
  • Nov 11, 2010 6:06am Nov 11, 2010 6:06am
Quoting Dayboy001
call it madness but i have re adjusted my stop back to:

SL @1.6090

and will add another 1/2 @ 1.6105 SL @ 1.6090
(essentially the same trade back up)

profit from last trade covers this one !!

fingers crossed
ok then,its Madness lol (only joking)...don't get married to the bias and today's profit is tomorrows capital,which you have to protect apparently....am seeing stronger support at 16070 rather than 16090,but then depends on your TF and MM of course.Cable in medium term could well be up,depends how you want to trade it
Attached Image (click to enlarge)
Click to Enlarge Name: mrd.PNG Size: 37 KB
  • #264,105
  • Nov 11, 2010 6:07am Nov 11, 2010 6:07am
did you all just get that little spike!!!!!!!!!!!!!
  • #264,106
  • Nov 11, 2010 6:08am Nov 11, 2010 6:08am
Quoting chazzle
ok then,its Madness lol (only joking)...don't get married to the bias and today's profit is tomorrows capital,which you have to protect apparently....am seeing stronger support at 16070 rather than 16090,but then depends on your TF and MM of course.Cable in medium term could well be up,depends how you want to trade it
Somebody just dumped a load of cash into the mix
  • #264,107
  • Nov 11, 2010 6:10am Nov 11, 2010 6:10am
Quoting chazzle
ok then,its Madness lol (only joking)...don't get married to the bias and today's profit is tomorrows capital,which you have to protect apparently....am seeing stronger support at 16070 rather than 16090,but then depends on your TF and MM of course.Cable in medium term could well be up,depends how you want to trade it
Didn't get hit anyhow so no worries !!

Cable and Fibre starting to look north again !!
  • #264,108
  • Nov 11, 2010 6:10am Nov 11, 2010 6:10am
Quoting Dayboy001
Somebody just dumped a load of cash into the mix
Or took it out !!
  • #264,109
  • Nov 11, 2010 6:11am Nov 11, 2010 6:11am
Quoting AdrianHNV
did you all just get that little spike!!!!!!!!!!!!!
1min led the way with the bullish div at the top of that previous 1hr swing lo zone down to today's current lo but I closed out at +8 before the money hit sending it up another 20, Doh !!

G/L
Attached Image
ex member
  • #264,110
  • Nov 11, 2010 6:12am Nov 11, 2010 6:12am
Hello everyone,

Long time lurker, first time poster in this thread. Here is what I see:

1) The break of 1.6018 indicates a possible trend reversal (bullish)

2) Going above 1.6071 puts the price above the previous momentum low (bullish)

3) Failure to break resistance at 1.6175 is definitely bearish but the price hasn't inverted completely its range bound between 1.6175 and 1.61.

That said my plan is to be long since I think the odds favor a break of 1.6175 with a stop & reverse below 1.61. What do you veterans think of that?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.JPG Size: 49 KB
  • #264,111
  • Nov 11, 2010 6:12am Nov 11, 2010 6:12am
Quoting bbmac
1min led the way with the bullish div at the top of that previous 1hr swing lo zone down to today's current lo but I closed out at +8 before the money hit sending it up another 20, Doh !!

G/L
I thought you were finished for the day !!

can't stay away hey !!

  • #264,112
  • Nov 11, 2010 6:15am Nov 11, 2010 6:15am
I predict today's high at 1.6213 which was Monday High....

Not trading to it too much just a little trade, just a thought of mine
  • #264,113
  • Nov 11, 2010 6:16am Nov 11, 2010 6:16am
I don't like this party quite so much as GOLD & FIBRE aren't joining in !!

still considering a long@ 1.6165 but thats right into the 6170 congestion zone
  • #264,114
  • Nov 11, 2010 6:19am Nov 11, 2010 6:19am
Quoting branco
Hello everyone,

Long time lurker, first time poster in this thread. Here is what I see:

1) The break of 1.6018 indicates a possible trend reversal (bullish)

2) Going above 1.6071 puts the price above the previous momentum low (bullish)

3) Failure to break resistance at 1.6175 is definitely bearish but the price hasn't inverted completely its range bound between 1.6175 and 1.61.

That said my plan is to be long since I think the odds favor a break of 1.6175 with a stop & reverse below 1.61. What do you veterans think of that?
1)115 points away
2)65 points away
3)40 points away...if range bound,then closer to the top of it now and a good reason to short
  • #264,115
  • Nov 11, 2010 6:25am Nov 11, 2010 6:25am
Did Fibre just bounce off 4H bar of 20/10/10

Long @ 1.3700
SL 1.3663 (10 below yesterdays low)
TP open at the moment

Wrong thread I know but I LOVE YOU GUYS !!

edit adjust that poor eyesight SL @ 1.3659 (10 below)
  • #264,116
  • Nov 11, 2010 6:32am Nov 11, 2010 6:32am
Quoting Dayboy001
Did Fibre just bounce off 4H bar of 20/10/10

Long @ 1.3700
SL 1.3663 (10 below yesterdays low)
TP open at the moment

Wrong thread I know but I LOVE YOU GUYS !!

edit adjust that poor eyesight SL @ 1.3659 (10 below)
probably just because it's psych level....good for a scalp but personally,I wouldn't hold a lot of hope in the short term

Cable...just had a look at H1 and am more neutral than bearish now so staying out for a bit until we see a bit of drama
  • #264,117
  • Nov 11, 2010 7:22am Nov 11, 2010 7:22am
Watching TL and 1.6110...downward pressure
Attached Image (click to enlarge)
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Enter Signature
  • #264,118
  • Nov 11, 2010 7:28am Nov 11, 2010 7:28am
Afternoon all,

just back from a spot of lunch and everthing appears to be moving north again !!
  • #264,119
  • Nov 11, 2010 7:31am Nov 11, 2010 7:31am
Quoting Dayboy001
Afternoon all,

just back from a spot of lunch and everthing appears to be moving north again !!

famous last words !!
  • #264,120
  • Nov 11, 2010 7:56am Nov 11, 2010 7:56am
Quoting Dayboy001
Did Fibre just bounce off 4H bar of 20/10/10

Long @ 1.3700
SL 1.3663 (10 below yesterdays low)
TP open at the moment

Wrong thread I know but I LOVE YOU GUYS !!

edit adjust that poor eyesight SL @ 1.3659 (10 below)


Quoting pawpaw1000
Just went long, 1.3700, s/l 1.3660 and t/p 1.3800...
US and CANADA are closed so I don't see us breaking too many levels down
@pawpaw1000 on Twitter
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