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Cable Update (GBPUSD)

  • #264,201
  • Nov 12, 2010 2:10am Nov 12, 2010 2:10am
Quoting darrenware
Off out now

Long @ 1.6050
SL @ 1.6000

Good Luck
you too and enjoy your outing
  • #264,202
  • Nov 12, 2010 2:11am Nov 12, 2010 2:11am
Quoting darrenware
Off out now

Long @ 1.6050
SL @ 1.6000

Good Luck
I would have out of my shorts if i had seen a H1 close above 1,6050 but it closed below...so i am holding them to your SL and why not below.

Good luck to you
COT: The precious data ignored
  • #264,203
  • Nov 12, 2010 2:27am Nov 12, 2010 2:27am
Im still in long @ 1.6057 but concerned about resistance above from that channel and weve been downtrending... but we'll see....
  • #264,204
  • Nov 12, 2010 2:36am Nov 12, 2010 2:36am
Quoting Jazznos
Im still in long @ 1.6057 but concerned about resistance above from that channel and weve been downtrending... but we'll see....
Maybe if people stopped buying Euro.... and bought Cable instead things would be different
  • #264,205
  • Nov 12, 2010 2:38am Nov 12, 2010 2:38am
1) bull steak : beyond the new channel
2) bear steak : in the new channel

rgds,iqyu

others can interpret in other way ...
Attached Image (click to enlarge)
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not euphoria follower
  • #264,206
  • Nov 12, 2010 2:46am Nov 12, 2010 2:46am
Agreed IQ, but i am down -92 for the week so maybe i should stop...

Id want a strong break through 1.607 or so to be still going long. Bailed out of last long for -6 cos i wasnt liking the look of it.
  • #264,207
  • Nov 12, 2010 2:51am Nov 12, 2010 2:51am
Quoting darrenware
Morning

Looking to sell if it goes below 1.6040
its done that and i (believing in the overall longer term trend of bulls) bought the puulback from outside breached bollinger back from 1.6020 to 1.6060. now i calculated that its done a range of 120 pips already and this might not go further down today being friday and all. why do you on the contrary favor a sell below 1.6040. i am still learning and would appreciate your guide for more insight.
  • #264,208
  • Nov 12, 2010 2:52am Nov 12, 2010 2:52am
be patient bro...

based on sfm, this week we have weekly target around 57xx-58xx.

if not hit this week... we should eye this area next week. remember page# 15 ( if i am not wrong ) or here http://www.forexfactory.com/attachme...5&d=1288797700,Madame teach us about this.

Not a must but sometimes .... so we should take attention on this area ( my imho)

rgds,iqyu
Only 4 Quarterly Candle in A year

Quoting Jazznos
Agreed IQ, but i am down -92 for the week so maybe i should stop...

Id want a strong break through 1.607 or so to be still going long. Bailed out of last long for -6 cos i wasnt liking the look of it.
not euphoria follower
  • #264,209
  • Nov 12, 2010 3:18am Nov 12, 2010 3:18am
where do they will close this week ?

rgds,iqyu
Attached Image (click to enlarge)
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not euphoria follower
  • #264,210
  • Nov 12, 2010 3:22am Nov 12, 2010 3:22am
Quoting iqyu5an
be patient bro...

based on sfm, this week we have weekly target around 57xx-58xx.

if not hit this week... we should eye this area next week. remember page# 15 ( if i am not wrong ) or here http://www.forexfactory.com/attachme...5&d=1288797700,Madame teach us about this.

Not a must but sometimes .... so we should take attention on this area ( my imho)

rgds,iqyu
Only 4 Quarterly Candle in A year
Iqyu

Thank you for reminding me of this. I have been trading EU this week and have just fibbed last week's highs and lows and the extensions are remarkably accurate.

Sometimes you read so much information, that bits escape from your brain!

Thanks again!
  • #264,211
  • Nov 12, 2010 3:31am Nov 12, 2010 3:31am
you're welcome bro...

that's why we are here... to share and remind

rgds,iqyu

Quoting Delite
Iqyu

Thank you for reminding me of this. I have been trading EU this week and have just fibbed last week's highs and lows and the extensions are remarkably accurate.

Sometimes you read so much information, that bits escape from your brain!

Thanks again!
not euphoria follower
  • #264,212
  • Nov 12, 2010 3:38am Nov 12, 2010 3:38am
Hey Kas

I can see you lurking at the bottom there! How are you doing? Email's been shot to bits this week - only just back online - loads to catch up.

How's cable been treating you this week?
  • #264,213
  • Nov 12, 2010 4:00am Nov 12, 2010 4:00am
Quoting kuroro001
Something's odd with the pair.
On H1 we can see that on the move up from 1,6000 the big volume is on down bars...then its going up on low volume. Its making false break upside and reverse with high vol. Once its done its going up slowly.

Is it some kind of distribution ? if so we should see 1,6000 again

Quoting kuroro001
GU is in a process to go down....its just held by EG being sold off.
H1 shows some kind of distribution phase. Fake upside break being heavily sold off.
Im shorting rallies for 1,6000-
All done.
But it seems it has room to go even lower..at least to 1,5880.

We'll see
COT: The precious data ignored
  • #264,214
  • Nov 12, 2010 4:10am Nov 12, 2010 4:10am
Quoting Delite
Hey Kas

I can see you lurking at the bottom there! How are you doing? Email's been shot to bits this week - only just back online - loads to catch up.

How's cable been treating you this week?
Good to see you back,.. cable always holds my attention whatever she does to me..its all good. Learning more than trading this week...for some reason i cant multi task around here, there again it could be something to do with a hangover. lol. catch up later? Good Luck.
All systems of divination, like music itself,work through patterns.
  • #264,215
  • Nov 12, 2010 4:33am Nov 12, 2010 4:33am
Guys dont trade like me....just lucky.....closed all 3 now...1 was a loser.
Attached Image (click to enlarge)
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Enter Signature
  • #264,216
  • Nov 12, 2010 4:52am Nov 12, 2010 4:52am
Quoting baggermatsch
i dont see anything bullish.

i cant wish u luck, because im short from .6145.
overnight TP +120, i love those mornings
  • #264,217
  • Nov 12, 2010 4:59am Nov 12, 2010 4:59am
Quoting baggermatsch
overnight TP +120, i love those mornings
Nice Job
Enter Signature
  • #264,218
  • Nov 12, 2010 5:02am Nov 12, 2010 5:02am
hello all,

just trying to post a picture

interesting thing the H4 chart shows a forgotten 85.4 fib
come into play... also noticed that the 14.6 daily fib and 14.6 fib extension has been getting some reaction recently too...

14.6 = 0.618 * 23.6
85.4 = 100 -14.6


Attached Image
  • #264,219
  • Nov 12, 2010 5:06am Nov 12, 2010 5:06am
Quoting baggermatsch
overnight TP +120, i love those mornings

So your picking up the breakfast bill this morning........
  • #264,220
  • Nov 12, 2010 5:06am Nov 12, 2010 5:06am
Thats me done for the day....have a cool weekend everyone and good luck with your trades today
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