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Cable Update (GBPUSD)

  • #264,561
  • Nov 16, 2010 11:38pm Nov 16, 2010 11:38pm
Looking at the dragon chart here...Thinking, Hrmmmm...We could trigger long again. From here...Would the dragon take cable along as a hitch hiker?

Will it actually trigger back long on the H4?
Attached Image (click to enlarge)
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #264,562
  • Nov 17, 2010 12:01am Nov 17, 2010 12:01am
Quoting Magix
Looking at the dragon chart here...Thinking, Hrmmmm...We could trigger long again. From here...Would the dragon take cable along as a hitch hiker?

Will it actually trigger back long on the H4?
And if we did...Might the play look something like this?
Attached Image (click to enlarge)
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #264,563
  • Nov 17, 2010 12:39am Nov 17, 2010 12:39am
Similar to Magix

Quoting Magix
And if we did...Might the play look something like this?
Attached Image (click to enlarge)
Click to Enlarge Name: fill range.jpg Size: 170 KB
  • #264,564
  • Nov 17, 2010 1:01am Nov 17, 2010 1:01am
My imho,

She wanna re test support at 100 or 80.9 of weekly fibo before further action.
But yes... this is forex. could be wron

rgds,iqyu
http://www.forexfactory.com/showpost...&postcount=892


Quoting USD-Bear
Morning all,
closed up @ BE, don't like the looks of USDX

Attachment
Attached Image
not euphoria follower
  • #264,565
  • Nov 17, 2010 1:22am Nov 17, 2010 1:22am
hi!
I'm thinking that cable can't rise as much as 1.5950 unless it waits for unemployment figures and they come strong. I have entered small short at 1.5885 and have moved sl to +1 already. I tend to think that we will see choppy movement till news and when it could get more volatile.
Will also buy at 1.5850 with sl -20.
  • #264,566
  • Nov 17, 2010 1:48am Nov 17, 2010 1:48am
Yesterday's drop found it's base at the Weekly S2 area confluence with the ascending Daily t/f trend line...a 247 pip drop after the false upside break following the Uk inflation numbers.

Under current lo:

5811-5796 4 fib cluster of unbreeched fibs of the major Daily & 4hr swings up from 4225-6297.
5753 area Monthly S1
5690-79 76.4% 5503-6297 and 61.8% 5296-6297

Uk Boe/Mpc meeting minutes and employment numbers later.

G/L

http://www.easy-upload.net/fichiers/z.2010111784842.gif
ex member
  • #264,567
  • Nov 17, 2010 1:56am Nov 17, 2010 1:56am
Quoting iqyu5an
My imho,

She wanna re test support at 100 or 80.9 of weekly fibo before further action.
But yes... this is forex. could be wron

rgds,iqyu
http://www.forexfactory.com/showpost...&postcount=892
Nice presentation iqy!
Yes that's what I thought last night too, but the way patterns develop looks more like overbought around 80.00 first.
Don't be a hero. Don't have an ego. Always question yourself
  • #264,568
  • Nov 17, 2010 2:04am Nov 17, 2010 2:04am
Quoting AdrianHNV
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.....
Good call yesterday Adrian.

I saw the drop to 5950 coming, but did not expect 5890 and below.
You were bang on the nose mate.

Nice bit of forecasting, well played.
Dan TheMan
  • #264,569
  • Nov 17, 2010 2:19am Nov 17, 2010 2:19am
5min price action trigger and bullish div etc suggesting price had a greater probability of rising from falling from thise 1hr previous swing lo zone leading down to yesterday's lo-howsoever temporarily.

G/L

http://www.easy-upload.net/fichiers/...0111791749.gif
ex member
  • #264,570
  • Nov 17, 2010 2:20am Nov 17, 2010 2:20am
risk inflation make a bull wave b4 vote news i think and then depend on
votes dont wonder if see 2-0-7
  • #264,571
  • Nov 17, 2010 2:23am Nov 17, 2010 2:23am
Descending channel now on 4hr ?

G/L

http://www.easy-upload.net/fichiers/z.201011179237.gif
ex member
  • #264,572
  • Nov 17, 2010 2:38am Nov 17, 2010 2:38am
5930-36 contains the daily and monthly pivots and 3 x unbreeched fibs of the major 4hr and 1hr swings down from 6297-5837 (yesterday's lo.) Those previous 4hr/1hr swing lo's beginning 5951 look the 1st big potential upside barrier if tested ?

G/L
ex member
  • #264,573
  • Nov 17, 2010 2:45am Nov 17, 2010 2:45am
Flag


Attached Image (click to enlarge)
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Mind over matter..I don't mind and you don't matter.
  • #264,574
  • Nov 17, 2010 2:49am Nov 17, 2010 2:49am
Morning All

Lets see what today as instore
Enter Signature
  • #264,575
  • Nov 17, 2010 2:58am Nov 17, 2010 2:58am
Quoting fuse
Yeah I'm going long for 70 pips from 1.5879 tp 1.5949 sl 1.5829

Then I'll look to short from 1.5949
I've moved my stop to break even.
  • #264,576
  • Nov 17, 2010 3:05am Nov 17, 2010 3:05am
can you help me to determine where the cable go at this moment coz i think it go down ward again..do you think it will reach the 5830?


what you think guys?
  • #264,577
  • Nov 17, 2010 3:27am Nov 17, 2010 3:27am
Pullback Hi so far was at the 23.6% of the 6183-5837 move...Uk data 3 mins

G/L
ex member
  • #264,578
  • Nov 17, 2010 3:40am Nov 17, 2010 3:40am
Quoting bbmac
5930-36 contains the daily and monthly pivots and 3 x unbreeched fibs of the major 4hr and 1hr swings down from 6297-5837 (yesterday's lo.) Those previous 4hr/1hr swing lo's beginning 5951 look the 1st big potential upside barrier if tested ?

G/L
Price encountering some supply at this area just at the moment...Finishing here for the session and flat.... may have 1/2 hr later around U.s inflation data...final look at 4hr near-term current screenshot in respect of potential supp/res/sbr/rbs factors on that t/f.

G/L

http://www.easy-upload.net/fichiers/z.2010111710393.gif
ex member
  • #264,579
  • Nov 17, 2010 4:08am Nov 17, 2010 4:08am
What happened if the down trend channel (1H) broken ?

Time will tell

rgds,iqyu
http://www.forexfactory.com/showpost...&postcount=892
Attached Image (click to enlarge)
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not euphoria follower
  • #264,580
  • Nov 17, 2010 4:17am Nov 17, 2010 4:17am
Quoting Mr.Elliott
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
PO [email protected] just got filled....let see whether 1.5950 gonna hold or not...
good luck all...
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