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Cable Update (GBPUSD)

  • #264,501
  • Nov 16, 2010 10:37am Nov 16, 2010 10:37am
Quoting Alihuzaifa
TP?
i have TP at 1.5950
  • #264,502
  • Nov 16, 2010 10:47am Nov 16, 2010 10:47am
Quoting Alihuzaifa
TP?
Nowhere... I just got stopped out!
  • #264,503
  • Nov 16, 2010 10:51am Nov 16, 2010 10:51am
next fibs is 1.5858
  • #264,504
  • Nov 16, 2010 10:54am Nov 16, 2010 10:54am
Quoting Fudomyo
hey bro! how's it going?

looking at same thing. my WS2 at 5838.

in.
I.ve got a confluence of ma's from 28 oct. here. With supply at 16014.
All systems of divination, like music itself,work through patterns.
  • #264,505
  • Nov 16, 2010 10:55am Nov 16, 2010 10:55am
Quoting jimmyxox
next fibs is 1.5858

I have 5863 ish as 76.4% 5727-6297 move...is this what you mean ? Thanks.
ex member
  • #264,506
  • Nov 16, 2010 11:01am Nov 16, 2010 11:01am
Quoting bbmac
I have 5863 ish as 76.4% 5727-6297 move...is this what you mean ? Thanks.
sorry fibbo retracement 123.6% 1.6066 to 1.5898

also got 1.5834 for 138.2%
  • #264,507
  • Nov 16, 2010 11:06am Nov 16, 2010 11:06am
Quoting Fudomyo
hey bro! how's it going?

looking at same thing. my WS2 at 5838.

in.
I.ve got a confluence of ma's from 28 oct. here. With supply at 16014
Attached Image (click to enlarge)
Click to Enlarge Name: Spot FX GBP_USD (16-NOV-10).png Size: 12 KB
All systems of divination, like music itself,work through patterns.
  • #264,508
  • Nov 16, 2010 11:10am Nov 16, 2010 11:10am
does the correction meet its bottom area for next bull ?
ready for 5963-6020 to retest resistance before bullish continuation to 63xx or more ?

Time will tell

rgds,iqyu

before and after
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nov 16 daily.gif Size: 23 KB
Click to Enlarge Name: nov 17 daily.gif Size: 24 KB
not euphoria follower
  • #264,509
  • Nov 16, 2010 11:11am Nov 16, 2010 11:11am
Quoting jimmyxox
sorry fibbo retracement 123.6% 1.6066 to 1.5898

also got 1.5834 for 138.2%
I don't see it but don't worry. ie I don't see an obvious 5898-6066 move of which 5834 is presumably the 123.6% extension ? Anyone else see it ??

Thanks
ex member
  • #264,510
  • Edited 11:16am Nov 16, 2010 11:13am | Edited 11:16am
http://www.forexfactory.com/showthre...06#post4171306

Good day to you,

Looking for the retrace on GU to 1.5920/1.5945 area and then enter for further downside move.

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 28 KB
  • #264,511
  • Nov 16, 2010 11:14am Nov 16, 2010 11:14am
Quoting iqyu5an
does the correction meet its bottom area for next bull ?
ready for 5963-6020 to retest resistance before bullish continuation to 63xx or more ?

Time will tell

rgds,iqyu

before and after
I don't think she has finished going down yet.
Lots of not very good news coming out of Europe, which will effect Cable

Although a retrace is possible.....
  • #264,512
  • Nov 16, 2010 11:17am Nov 16, 2010 11:17am
Quoting jimmyxox
next fibs is 1.5858
watch it on 1.5950. psycological price
  • #264,513
  • Nov 16, 2010 11:18am Nov 16, 2010 11:18am
Price tested very bottom of those previous 4hr swing hi's x 2...confluence with that 76.4% fib and indeed other things other folks have posted above....good 5min bullish div set-up there.

G/L

http://www.easy-upload.net/fichiers/...1116181720.gif

http://www.easy-upload.net/fichiers/...1116181826.gif
ex member
  • #264,514
  • Nov 16, 2010 11:23am Nov 16, 2010 11:23am
Final look at 1hr now before shutting down for day (again) 4hr swings 6297, 6260 and 6183 to current lo and 1hr swings 6123, 6085 and 6022 to same current lo - for fibs used....23.6% of last 1hr swing down 6022 - 5856 the 1st obstacle to any upside recovery.

G/L

http://www.easy-upload.net/fichiers/...1116182151.gif
ex member
  • #264,515
  • Nov 16, 2010 11:23am Nov 16, 2010 11:23am
Quoting Fudomyo

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.

nicely done!

i will buddy....i will....might be joining the ride at 1.5930-20 but first i need to see some pressure on that area before deciding anything...

ps:get a good nite sleep...bro
  • #264,516
  • Nov 16, 2010 11:34am Nov 16, 2010 11:34am
Quoting iqyu5an
does the correction meet its bottom area for next bull ?
ready for 5963-6020 to retest resistance before bullish continuation to 63xx or more ?

Time will tell

rgds,iqyu

before and after
I would wait and see if this thing gets resistance at 80.00
Technical levels for USD-pairs not that relevant in this market imo
Attached Image
Don't be a hero. Don't have an ego. Always question yourself
  • #264,517
  • Nov 16, 2010 11:34am Nov 16, 2010 11:34am
IQ, you are really doing a good job with this fibo thingy.
On what TF do you base your analysis? I tried fibbing today and it worked quite right on EU n GU.
good job mate.
  • #264,518
  • Nov 16, 2010 11:44am Nov 16, 2010 11:44am
above 5920 if there is any strength in cable.need to see 50% up move/minimum.otherwise,back down we go
hourly data.box size is 21 pips
http://i55.tinypic.com/2j0bn9i.gif
  • #264,519
  • Nov 16, 2010 12:21pm Nov 16, 2010 12:21pm
Quoting wormboy


I have 5836 up next.
done.
Thank You
  • #264,520
  • Nov 16, 2010 12:24pm Nov 16, 2010 12:24pm
Quoting wormboy
done.
Fantastic trading Azim, well done.
You've got to be IN IT to WIN IT!
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