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Cable Update (GBPUSD)

  • #264,341
  • Nov 15, 2010 4:48am Nov 15, 2010 4:48am
out for 10 pips....booo!
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  • #264,342
  • Nov 15, 2010 5:02am Nov 15, 2010 5:02am
Quoting Mr.Elliott
loading some short....@1.6090
Nice ball, Mr. Elliott!
All systems of divination, like music itself,work through patterns.
  • #264,343
  • Nov 15, 2010 5:06am Nov 15, 2010 5:06am
Quoting Mr.Elliott
loading some short....@1.6090
No need to be embarrassed...nice

I dont think Cable knows where she is going today

I think we will have to be happy with small pips until she does
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  • #264,344
  • Nov 15, 2010 5:35am Nov 15, 2010 5:35am
Hi guys, this is the case for me.
Cable bounced from red desdcending UTL together with the test of the blue ascnding channel's UTL. "Safe" short at that time. We can see price was rejected from ascending black UTL twice when proce drops to retest the other blue UTL and 6175 area seiling, thus, forming the colored triangle. Zooming in we also have on the downside 14.6 fibo level from 20th april low to last HH and and 100 blue SMA togehther with S1...that would be confluence to make a strong resistance right??? LOL!!
Now we're in the middle of these area, so my advice is not to take a trade until we get a clear signal or brake or retest either one of the TL's. Shorting at the top and longing @6000 area.
We'll have to wait and see. Hope my analisys helps.
Good luck guys!!!
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  • #264,345
  • Nov 15, 2010 5:41am Nov 15, 2010 5:41am
USDX

Time will Tell

rgds,iqyu
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not euphoria follower
  • #264,346
  • Nov 15, 2010 5:54am Nov 15, 2010 5:54am
This analysis is a fine example of reasons for warching this thread. Thankyou. I also like your signature, most appropriate.
  • #264,347
  • Nov 15, 2010 6:04am Nov 15, 2010 6:04am
Quoting kaspopsicle
Nice ball, Mr. Elliott!
sometimes nice...most of the time is bad....
  • #264,348
  • Nov 15, 2010 6:06am Nov 15, 2010 6:06am
Quoting darrenware
No need to be embarrassed...nice

I dont think Cable knows where she is going today

I think we will have to be happy with small pips until she does
yup...could't agree more....the short taken is a counter trend trades...most likely will close it sonner or later (@BE+1)....the major trend is still bullish for now...for now...just hit and runnnn....
  • #264,349
  • Nov 15, 2010 6:16am Nov 15, 2010 6:16am
Attached Image (click to enlarge)
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tg - subbjective, could be an intraday swing level
  • #264,350
  • Nov 15, 2010 6:24am Nov 15, 2010 6:24am
Quoting Mr.Elliott
sometimes nice...most of the time is bad....
i know the feeling...
All systems of divination, like music itself,work through patterns.
  • #264,351
  • Nov 15, 2010 6:25am Nov 15, 2010 6:25am
Quoting wheelie
This analysis is a fine example of reasons for warching this thread. Thankyou. I also like your signature, most appropriate.
Thanks a lot Sir, good trade to you.
  • #264,352
  • Nov 15, 2010 6:34am Nov 15, 2010 6:34am
Quoting redsword11
Attachment



tg - subbjective, could be an intraday swing level
As usual, very good analysis of yours. I entered short un Asia @6120 for 40 pips, now I'm flat waiting for news. I'm would be joinning you in the long side if we get to s1 or the black ascending TL, and they hold.
I see this, not a go moment for me to take a trade, but you now I respect your calls. Will be watching veeery near LOL!! Good week mate!!
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  • #264,353
  • Nov 15, 2010 7:28am Nov 15, 2010 7:28am
why so quiet this days
GELORE
  • #264,354
  • Nov 15, 2010 7:38am Nov 15, 2010 7:38am
Closed Top Long order....moved rest to BE
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  • #264,355
  • Nov 15, 2010 7:39am Nov 15, 2010 7:39am
1.6090 seem a tough nut to crack.... entering one more short...for the day...and that's it.....
  • #264,356
  • Nov 15, 2010 7:41am Nov 15, 2010 7:41am
Moved All SL to 1.6080.....leave it at that now
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  • #264,357
  • Nov 15, 2010 7:42am Nov 15, 2010 7:42am
Quoting Mr.Elliott
1.6090 seem a tough nut to crack.... entering one more short...for the day...and that's it.....
Good luck

p.s stop going in the opposite direction to me lol
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  • #264,358
  • Nov 15, 2010 7:46am Nov 15, 2010 7:46am
Quoting maurofx
As usual, very good analysis of yours. I entered short un Asia @6120 for 40 pips, now I'm flat waiting for news. I'm would be joinning you in the long side if we get to s1 or the black ascending TL, and they hold.
I see this, not a go moment for me to take a trade, but you now I respect your calls. Will be watching veeery near LOL!! Good week mate!!


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..... thanks for the comments
  • #264,359
  • Nov 15, 2010 7:48am Nov 15, 2010 7:48am
Short. Teject from TL and DP. SL 20 pips TP TBD.
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  • #264,360
  • Nov 15, 2010 7:52am Nov 15, 2010 7:52am
Right i am out now for the day....the 64 pips were hard work for me today.

I had no real confidence in the direction of cable today

Good luck
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