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Cable Update (GBPUSD)

  • #264,221
  • Edited 5:22am Nov 12, 2010 5:15am | Edited 5:22am
147pip intraday sell-off so far (92% of the 20day average pip move) down to 5984 current intraday lo at the top of the previous 1hr swing lo zone as highlighted below breeched the 1hr and 4hr ascending trend lines to the downside...recovery to 6071 at the previous 1hr swing hi zone finds fresh supply price pulling back to 50% of that recovery move 5984-6071 so far.

Current near-term 1hr screenshot is below.
G/L

http://www.easy-upload.net/fichiers/...1112121540.gif
ex member
  • #264,222
  • Nov 12, 2010 5:55am Nov 12, 2010 5:55am
Last close 4hr candle on this feed was a pinbar candle...price pulls back from the 6071 recovery hi to the 50% of the current intraday lo 6984- that 6071 recovery hi and finds fresh demand....How strong are the bulls now as price reaches that previous 1hr swinng hi zone again around 6071 Hi?

4hr near-term current screenshot is below.

This place is pretty dead again, is thread dying now ?? Finishing here for day/week. U.s Uom data later.

G/L


http://www.easy-upload.net/fichiers/...1112125426.gif
ex member
  • #264,223
  • Nov 12, 2010 6:00am Nov 12, 2010 6:00am
Attached Image (click to enlarge)
Click to Enlarge Name: cable.jpg Size: 95 KB
  • #264,224
  • Nov 12, 2010 6:33am Nov 12, 2010 6:33am
  • #264,225
  • Nov 12, 2010 6:37am Nov 12, 2010 6:37am
Hmmm....old on a little bit longer next time please

Quoting darrenware
Guys dont trade like me....just lucky.....closed all 3 now...1 was a loser.
Enter Signature
  • #264,226
  • Nov 12, 2010 6:38am Nov 12, 2010 6:38am
Quoting kuroro001
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
GOOD CALL!bro.....same as here.....
  • #264,227
  • Nov 12, 2010 6:56am Nov 12, 2010 6:56am
Quoting Qu|cksilver
Hi,
Does anyone agree cable may go up to 1.9050 area? or will continue bearish when the market open on monday?
Go Short
Marc
Enter Signature
  • #264,228
  • Nov 12, 2010 7:04am Nov 12, 2010 7:04am
Quoting Marc Antoine
Go Short
Marc
Thank You
  • #264,229
  • Nov 12, 2010 7:23am Nov 12, 2010 7:23am
Quoting Marc Antoine
Go Short
Marc
Correct!
It is prudent to take one's time before answering in haste...
  • #264,230
  • Nov 12, 2010 7:32am Nov 12, 2010 7:32am
Go long @ 1.6128

no TP yet....
  • #264,231
  • Nov 12, 2010 7:37am Nov 12, 2010 7:37am
Quoting chewwl88
Go long @ 1.6128

no TP yet....
wow thats courageous

where you placed the SL?
  • #264,232
  • Nov 12, 2010 7:37am Nov 12, 2010 7:37am
Quoting chewwl88
Go long @ 1.6128

no TP yet....
Hope you have a SL on that position
Enter Signature
  • #264,233
  • Nov 12, 2010 7:38am Nov 12, 2010 7:38am
Lol we both thought the same thing

Quoting baggermatsch
wow thats courageous

where you placed the SL?
Enter Signature
  • #264,234
  • Nov 12, 2010 7:39am Nov 12, 2010 7:39am
Quoting chewwl88
Go long @ 1.6128

no TP yet....
go long 16128 ? u took buy or sell ?
  • #264,235
  • Nov 12, 2010 7:51am Nov 12, 2010 7:51am
Quoting baggermatsch
wow thats courageous

where you placed the SL?
standard 30 Pips
  • #264,236
  • Nov 12, 2010 7:52am Nov 12, 2010 7:52am
i long @1.6104, TP 40 pips, hopefully it will break todays high just enough
  • #264,237
  • Nov 12, 2010 7:56am Nov 12, 2010 7:56am
Quoting J.Giordano
go long 16128 ? u took buy or sell ?
I took buy

SL 30 pips
  • #264,238
  • Nov 12, 2010 8:19am Nov 12, 2010 8:19am
my long TP also just barely made the first break high.. but i seriously do not like this G 20 meeting.. it seems that so many surprises can come out of the blue out of the words that they said.. what do you guys think will be the future effect of this G 20 to the cable?
  • #264,239
  • Nov 12, 2010 8:52am Nov 12, 2010 8:52am
Quoting chewwl88
I took buy

SL 30 pips
Good trade, well done. What made you go for it?
You've got to be IN IT to WIN IT!
  • #264,240
  • Nov 12, 2010 9:09am Nov 12, 2010 9:09am
Quoting tmtsks
i long @1.6104, TP 40 pips, hopefully it will break todays high just enough
nice trade there buddy, show us a chart
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