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Cable Update (GBPUSD)

  • #264,461
  • Nov 16, 2010 5:27am Nov 16, 2010 5:27am
I believe that from here down to my ''target'' will be the most difficult part as there is a lot of 'barriers to get through'...... But hopefully Cable will get there before the US open

will probably go back up 40 - 60 pips before dropping down again
  • #264,462
  • Nov 16, 2010 5:43am Nov 16, 2010 5:43am
Quoting Fudomyo
Finishing here might be the wise thing to do. Think I'll join you. Haven't quite hit 50% off the DO, so has more room to drop. PA wasn't simple today, time for a break.

Hello

May I ask - are you self-taught or have you come from within the industry? Your analysis is always so clear and level-headed.
  • #264,463
  • Nov 16, 2010 6:05am Nov 16, 2010 6:05am
Quoting AdrianHNV
I believe that from here down to my ''target'' will be the most difficult part as there is a lot of 'barriers to get through'...... But hopefully Cable will get there before the US open

will probably go back up 40 - 60 pips before dropping down again
So.. are we talking golf now Adrian? Never can get your drift somehow.
All systems of divination, like music itself,work through patterns.
  • #264,464
  • Nov 16, 2010 6:11am Nov 16, 2010 6:11am
Quoting Delite
Hello

May I ask - are you self-taught or have you come from within the industry? Your analysis is always so clear and level-headed.
I second that. Hi Delite, hope you're well and happy.
All systems of divination, like music itself,work through patterns.
  • #264,465
  • Nov 16, 2010 6:14am Nov 16, 2010 6:14am
Quoting kaspopsicle
So.. are we talking golf now Adrian? Never can get your drift somehow.
talking double dutch,,,,,,,,,, means those who can't understand don't and those who it is posted for can
  • #264,466
  • Nov 16, 2010 6:23am Nov 16, 2010 6:23am
LONDON (MarketWatch) — British inflation rose at an annual 3.2% pace in October, ticking up from 3.1% in September and marking the 10th consecutive month U.K. inflation has topped the 3% level.

The stronger tone to recent economic data ... makes it unlikely the central bank will move to restart its quantitative-easing program or take other measures in the next three to six months, said James Knightley, U.K. economist at ING Bank.
I have no enemy; I make Incautiousness my Enemy.
  • #264,467
  • Nov 16, 2010 6:26am Nov 16, 2010 6:26am
Quoting AdrianHNV
talking double dutch,,,,,,,,,, means those who can't understand don't and those who it is posted for can
Perhaps if you put a chart on show...those of us who can or cant (i still dont get it)... will or would... just imho
All systems of divination, like music itself,work through patterns.
  • #264,468
  • Nov 16, 2010 6:39am Nov 16, 2010 6:39am
1.6020 area could be the top, drop expected to 1.5770 area.
Regards
King
  • #264,469
  • Nov 16, 2010 6:40am Nov 16, 2010 6:40am
Quoting kaspopsicle
Perhaps if you put a chart on show...those of us who can or cant (i still dont get it)... will or would... just imho
As stated on previous occasions, I don't do 'putting up charts'. Those who I do post for fully understand the 'lingo' I use and therefore benefit greatly from it. Sorry to those who don't but that is life.......

Personally I can't see what their wasn't to understand.

'I believe that from here down to my ''target'' (WHICH WAS POSTED ON MONDAY) will be the most difficult part as there is a lot of 'barriers (opps yes I can see where this is difficult too understand, I should have used the correct Forex terminology) to get through'...... But hopefully Cable will get there before the US openhttp://cdn.forexfactory.com/images/s...im/winking.gif

will probably go back up 40 - 60 pips before dropping down again' (In more cases than not, where there has been a drop in the price, the US open will cover back over at least 50% of the mornings drops, by going back up)


  • #264,470
  • Nov 16, 2010 6:53am Nov 16, 2010 6:53am
Quoting Delite
Hello

May I ask - are you self-taught or have you come from within the industry? Your analysis is always so clear and level-headed.
Hi Dee,

thanks

most of what I learned is through trial and error like everyone else.
(trying to keep my errors at a minimum....lol)

here's a couple of updated charts I forgot to post earlier. we got the touch on the 50% off the DO before pulling up. currently testing S1 as minor support and the 4H TL topside, if we break above here's a couple of likely targets Daily Open being top of the list. Below the S1 there's some wood to chop. MPP might be a stretch for today, but there's some nice support around S2 which would make a more reasonable next target.
Attached Image(s) (click to enlarge)
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  • #264,471
  • Nov 16, 2010 7:20am Nov 16, 2010 7:20am
Thank you for your reply... however i have to say that if thats the way you play golf then you've given me confidence in my practise of staying away from the courses that i would consider dangerous to life,limb and whats left of my brain.
All systems of divination, like music itself,work through patterns.
  • #264,472
  • Nov 16, 2010 7:23am Nov 16, 2010 7:23am
bought cable @ 1.60116 manual stop around 30 pips


Attached Image (click to enlarge)
Click to Enlarge Name: cable.jpg Size: 96 KB




messy chart - sorry
  • #264,473
  • Nov 16, 2010 7:26am Nov 16, 2010 7:26am
On behalf of me and Dee thanks for your time and clear headed analysis,.again
All systems of divination, like music itself,work through patterns.
  • #264,474
  • Nov 16, 2010 7:29am Nov 16, 2010 7:29am
Quoting Fudomyo
Hi Dee,

thanks

most of what I learned is through trial and error like everyone else.
(trying to keep my errors at a minimum....lol)
I know that feeling!

Thanks again and good luck for this afternoon!
  • #264,475
  • Nov 16, 2010 7:38am Nov 16, 2010 7:38am
Quoting kaspopsicle
I second that. Hi Delite, hope you're well and happy.

I'm okay, thanks! Bit exasperated this morning as I should have kept an eye on cable as well as EU. Hey ho! Still the arguments on the EU thread are quite entertaining!

Incidentally, what on earth is Farmville...?!
  • #264,476
  • Nov 16, 2010 7:42am Nov 16, 2010 7:42am
Quoting redsword11
bought cable @ 1.60116 manual stop around 30 pips


Attachment



messy chart - sorry

Attached Image (click to enlarge)
Click to Enlarge Name: cable 5pa.jpg Size: 74 KB
  • #264,477
  • Nov 16, 2010 7:55am Nov 16, 2010 7:55am
Quoting Delite
I'm okay, thanks! Bit exasperated this morning as I should have kept an eye on cable as well as EU. Hey ho! Still the arguments on the EU thread are quite entertaining!

Incidentally, what on earth is Farmville...?!
EU thread is fun.. bit distracting. Farmville..? I havn't got a clue and dont want one. Some old freinds were trying to drag me over there. I'm happy here with the occasional excursion to EU thread. Maybe see you over there sometime.
Trade well.
All systems of divination, like music itself,work through patterns.
  • #264,478
  • Nov 16, 2010 7:57am Nov 16, 2010 7:57am
Quoting kaspopsicle
EU thread is fun.. bit distracting. Farmville..? I havn't got a clue and dont want one. Some old freinds were trying to drag me over there. I'm happy here with the occasional excursion to EU thread. Maybe see you over there sometime.
Trade well.

Yes, you are right about the distraction - think I'll switch it off for a bit!
  • #264,479
  • Nov 16, 2010 8:00am Nov 16, 2010 8:00am
Quoting redsword11
Attachment

Attached Image (click to enlarge)
Click to Enlarge Name: cable wicks.jpg Size: 85 KB
  • #264,480
  • Nov 16, 2010 8:33am Nov 16, 2010 8:33am
Quoting redsword11
Attachment
It's trying, but 6013 zone seems a hard nut to crack.
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