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Cable Update (GBPUSD)

  • #264,481
  • Nov 16, 2010 8:39am Nov 16, 2010 8:39am
Quoting maurofx
It's trying, but 6013 zone seems a hard nut to crack.


its the risk thats important anyway - RR is good but those wicks are there for a reason .......... could be consumption
  • #264,482
  • Nov 16, 2010 8:43am Nov 16, 2010 8:43am
Quoting redsword11
its the risk thats important anyway - RR is good but those wicks are there for a reason .......... could be consumption
Attached Image (click to enlarge)
Click to Enlarge Name: aud.jpg Size: 66 KB


other open trade aud north
  • #264,483
  • Nov 16, 2010 8:47am Nov 16, 2010 8:47am
Quoting redsword11
its the risk thats important anyway - RR is good but those wicks are there for a reason .......... could be consumption
Yeh i see what you mean...hourly is interesting..but id need more price development to go long there.
A dip is possible at this stage...a fake one would be nice to go long.
COT: The precious data ignored
  • #264,484
  • Nov 16, 2010 9:03am Nov 16, 2010 9:03am
Well it seems you've learned something here..did I understand that you're trying to use a stop? Thats good.
All systems of divination, like music itself,work through patterns.
  • #264,485
  • Nov 16, 2010 9:20am Nov 16, 2010 9:20am
there is any one agree with me that the cable will reach the 5964 level?
  • #264,486
  • Nov 16, 2010 9:42am Nov 16, 2010 9:42am
lol... guess not! closed partial. see how far this wants to run.

S3 may be next

Quoting Fudomyo
MPP might be a stretch for today, but there's some nice support around S2 which would make a more reasonable next target.
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  • #264,487
  • Nov 16, 2010 9:46am Nov 16, 2010 9:46am
Quoting Fudomyo
lol... guess not! closed partial. see how far this wants to run.
I went long from 1.6001 for a quick 30 pips. Out for -10. Thank God for SL's would have been crying now with -100. MM to the rescue.
You've got to be IN IT to WIN IT!
  • #264,488
  • Nov 16, 2010 9:52am Nov 16, 2010 9:52am
Quoting Ifty
I went long from 1.6001 for a quick 30 pips. Out for -10. Thank God for SL's would have been crying now with -100. MM to the rescue.
good thing bro.

went in on the WS1 break, wasn't thinking it would drop that quick.

closed.
  • #264,489
  • Nov 16, 2010 9:52am Nov 16, 2010 9:52am
Quoting AdrianHNV
Today or tomorrows target may well be 1.5924 region

Well I suppose 1.5896 was close........ for a dim wit...
  • #264,490
  • Nov 16, 2010 9:55am Nov 16, 2010 9:55am
Quoting Fudomyo
lol... guess not! closed partial. see how far this wants to run.

S3 may be next


I have 5836 up next.
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Thank You
  • #264,491
  • Nov 16, 2010 9:58am Nov 16, 2010 9:58am
Quoting Fudomyo
lol... guess not! closed partial. see how far this wants to run.

S3 may be next
now let see whether 1.5930 is goin to hold or not.... down we go...to test 1.5640...but it is still early to know that....we might go up a bit...to correct some prices...

ps:got in the dragon at 132.90 on weekly...let see what it have for the whole week...goin to hold it...for awhile...
  • #264,492
  • Nov 16, 2010 9:59am Nov 16, 2010 9:59am
Quoting wormboy


I have 5836 up next.
may i know which level is that..which support? or did it miss sumthing?
  • #264,493
  • Nov 16, 2010 10:02am Nov 16, 2010 10:02am
Quoting wormboy


I have 5836 up next.
hey bro! how's it going?

looking at same thing. my WS2 at 5838.

in.
  • #264,494
  • Nov 16, 2010 10:09am Nov 16, 2010 10:09am

http://www.forexfactory.com/showpost...stcount=264414

rgds,iqyu
not euphoria follower
  • #264,495
  • Nov 16, 2010 10:22am Nov 16, 2010 10:22am
ok out here. +26 more.

done for the day. time to catch some sleep.

now that we've opened up some downside to this, PA should be a bit better.

will see if MPP holds and join the fun tomorrow.

Quoting Mr.Elliott
got in the dragon at 132.90 on weekly...let see what it have for the whole week...goin to hold it...for awhile...
nicely done!
  • #264,496
  • Nov 16, 2010 10:23am Nov 16, 2010 10:23am
Just back at desk to update charts and see that the pullback from 5987 foundfresh supply at the previous 1hr swing lo zone for a savage drop down breeching the 4hr ascending trend line again, to the current 5869 daily lo...a 214 pip daily move drop so far (134% of the 20 day average pip range) and now 89% of the 20week average pip range so far this week...Price has landed in the previous 4hr swing hi x 2 zone...

Near-term below current price:

5863 76.4% 5727-6297daily ascending trend line if reached on this 4hr candle...(it is ascending !)
5831-38 Weekly S2 pivot area. Also area of daily ascending trend line if reached on this 4hr candle...(it is ascending !)
5811-5796 4 fib cluster of unbreeched fibs of the main daily and 4hr swings up from 4225-6297

Price is now below Daily/Weekly and Monthly pivots.

Near term current 4hr screenshot is below.

G/L

http://www.easy-upload.net/fichiers/z.2010111617225.gif
ex member
  • #264,497
  • Nov 16, 2010 10:28am Nov 16, 2010 10:28am
I am expecting a retracement here
  • #264,498
  • Nov 16, 2010 10:31am Nov 16, 2010 10:31am
Quoting Alihuzaifa
I am expecting a retracement here
I bought at 1.5875 with SL at 1.5860! Good luck!
  • #264,499
  • Nov 16, 2010 10:33am Nov 16, 2010 10:33am
Quoting bbakker
I bought at 1.5875 with SL at 1.5860! Good luck!
TP?
  • #264,500
  • Nov 16, 2010 10:36am Nov 16, 2010 10:36am
Starting with the 6297 that printed a HH on Daily t/f, that t/f has now seen a L, LH and now with the current daily lo being below that klast L a LL will result at some poiint when a fractal swing develops.

Start of something ?

Weekly However off the same HH remains above the last HL on that t/f.

G/L
ex member
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