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Cable Update (GBPUSD)

  • #264,301
  • Nov 15, 2010 2:18am Nov 15, 2010 2:18am
Quoting Cobby
anyone thinking Long here?

Attachment
Sure lets gamble
50% to see a bounce, 50% to see a break !
COT: The precious data ignored
  • #264,302
  • Nov 15, 2010 2:21am Nov 15, 2010 2:21am
Meanwhile where has everyone gone? This thread seems to have 1/3 of the readers it did a few weeks ago.. Has everyone ditched cable??! Or just the remaining posters?
  • #264,303
  • Nov 15, 2010 2:22am Nov 15, 2010 2:22am
Quoting Brotyboy
Adrian, I think the way it's supposed to work is that the trader records his own trades rather than relying on someone else.

Which details had you intended to alter? Entry? TP? SL? Trade direction?

I think maybe you misunderstood my sarcasm from my post.

What I do, how I trade, what I post, should be of no consequence to you.

But only to those who are interested.............
  • #264,304
  • Nov 15, 2010 2:24am Nov 15, 2010 2:24am
G/M

Sustained downward pressure on price in this pairing following the sell off from friday's 6181, a couple of rally's 1st off the friday pullback lo off that 6181 hi then off 6099 to 6152 and 6129 .sold to a new 6065 lo at the 50% of the 5950-6181 move. Price is now below the Daily and Weekly Pivots, but remains above the Monthly.

Near-term current 1hr chart as below.

G/L

http://www.easy-upload.net/fichiers/z.2010111592338.gif
ex member
  • #264,305
  • Nov 15, 2010 2:34am Nov 15, 2010 2:34am
Quoting Cobby
anyone thinking Long here?

Attachment
lol...hell NO!
  • #264,306
  • Nov 15, 2010 2:35am Nov 15, 2010 2:35am
Quoting Mr.Elliott
lol...hell NO!
LOL yes i think we can scratch that plan for now
  • #264,307
  • Nov 15, 2010 2:44am Nov 15, 2010 2:44am
Today or tomorrows target may well be 1.5924 region

http://uk.reuters.com/article/idUKN2860107520100928
  • #264,308
  • Nov 15, 2010 2:44am Nov 15, 2010 2:44am
Some days it's higher probability to sell support as opposed to buy it - lol !! Off Fridays 6181 H which was a HH in the then 1hr uptrend we have seen a downtrend develop with a L, a LH, LL, = LH, LL, LH and now another LL in this 1hr, whilst 4hr remains in a bit of a range.

Price currently down to the 61.8% of the 5950-6181 move,

G/L
ex member
  • #264,309
  • Nov 15, 2010 2:45am Nov 15, 2010 2:45am
Watching the price around my next level of 1.6040....still see no sign for going up just yet

Quoting darrenware
I have marked on the chart below my KEY levels for Cable

1.6183 is my KEY resistance level which is a significant supply area and breaking this level will lead cable to the highs on the 5th November.

My personal view is that cable will test some or maybe all the levels marked in purple.

1.6100
1.6070
1.6040
1.6010

I will be watching PA around these levels for an indication of a reversal back to the 1.6183. We may see cable range between two of the levels before proceeding up.

The Key support and demand area is 1.5985 although I feel cable...
Enter Signature
  • #264,310
  • Nov 15, 2010 2:48am Nov 15, 2010 2:48am
Adrian


I got the attempted sarcasm, but couldn't resist the temptation to use your own words to ridicule you, yet again.


And in case you hadn't noticed, this thread is in the Interactive Trading section, so it is entirely legitimate for anyone to ask you to explain your trading and your posting.


Failure to explain can only lead one to the conclusion; that you have passed the medical to become a Morris dancer and are, in fact, a complete knob.
Attached Image
The dream will never die
  • #264,311
  • Nov 15, 2010 2:49am Nov 15, 2010 2:49am
Quoting darrenware
Watching the price around my next level of 1.6040....still see no sign for going up just yet
wait for it to retrace back....i dun think 1.6090 would give up that easily.... if it reach to that point....i would go short...or else on the sideline i would be!
  • #264,312
  • Nov 15, 2010 2:50am Nov 15, 2010 2:50am
Quoting Jazznos
Meanwhile where has everyone gone? This thread seems to have 1/3 of the readers it did a few weeks ago.. Has everyone ditched cable??! Or just the remaining posters?
it seems that way... there was a little bit of ego driven banter
that led a few of the frequent posters heading to other pastures
can't really blame them... miss their analysis / experience...
  • #264,313
  • Nov 15, 2010 2:51am Nov 15, 2010 2:51am
Quoting Brotyboy
Adrian


I got the attempted sarcasm, but couldn't resist the temptation to use your own words to ridicule you, yet again.


And in case you hadn't noticed, this thread is in the Interactive Trading section, so it is entirely legitimate for anyone to ask you to explain your trading and your posting.


Failure to explain can only lead one to the conclusion; that you have passed the medical to become a Morris dancer and are, in fact, a complete knob.
looks like you're "asking" and he/she won't "answer". if i were you just give it a rest and focus back to the chart....
  • #264,314
  • Nov 15, 2010 2:51am Nov 15, 2010 2:51am
look to see if green up fork holds would be bullish for gbpusd at this area
Attached Image (click to enlarge)
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #264,315
  • Nov 15, 2010 2:57am Nov 15, 2010 2:57am
Since last tuesday's 5950 lo and starting with that, 4hr has printed that as a LL, then LH,HL,LH,L, and a H at friday's Hi .

Current 1hr near-term screenshot is beolw...price at the 61.8% of said 5950-6181 which also contained most of last week's price action.

G/L

http://www.easy-upload.net/fichiers/z.201011159576.gif
ex member
  • #264,316
  • Nov 15, 2010 2:59am Nov 15, 2010 2:59am
Quoting AdrianHNV
Yes Steve,

I went in to edit and change a few details and accidentally deleted it, do you by any chance have a copy?


And good morning folks..............
Hello, I,ve only posted once before but have been lurking fpr a while. I'm a bit confused by what you are saying. I thought that the point of this thread is to share information in order that we can learn and grow. I.m amazed that you are unable to answer this guys question. Dont you record your trades on paper?Each to their own but most people that I know record every detail of their trades on paper before and after entry to a trade. , calculations etc. so that you have the information at hand for further analysis. I cant imagine anyone jumoing into a trade without any paper records. Call me dumbstruck.
  • #264,317
  • Nov 15, 2010 3:03am Nov 15, 2010 3:03am
Quoting Mr.Elliott
wait for it to retrace back....i dun think 1.6090 would give up that easily.... if it reach to that point....i would go short...or else on the sideline i would be!
Yeah its a tricky one I am on the fence right now waiting for a good confirmation of its intended direction
Enter Signature
  • #264,318
  • Nov 15, 2010 3:12am Nov 15, 2010 3:12am
Those better on patterns than me may know, is 4hr developing ionto a pennant/flag/thingmawhatsit ? Anyways, the 6180 area rejected 3 times looks like it could be a goiod potential rbs area if we see an upside break from a base above 5950, on any retest from that topside ? 4hr remains pretty rangy just as of now though.

Some demand around that 61.8% 5950-6181 at the moment.

G/L

http://www.easy-upload.net/fichiers/...1115101154.gif
ex member
  • #264,319
  • Nov 15, 2010 3:14am Nov 15, 2010 3:14am
Quoting Mr.Elliott
looks like you're "asking" and he/she won't "answer". if i were you just give it a rest and focus back to the chart....
Message received and understood. It is my intention.

Steve
The dream will never die
  • #264,320
  • Nov 15, 2010 3:29am Nov 15, 2010 3:29am
Now is it going to consolidate between 1.6070 and 1.6040 or break
Enter Signature
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