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Cable Update (GBPUSD)

  • #264,681
  • Nov 18, 2010 7:30am Nov 18, 2010 7:30am
Quoting behman8850
sold at 1.6010 TP yesterday's low at 1.5860.
be careful with any shorts....we are still in bull horns areas....hope that you have your SL ready....
  • #264,682
  • Nov 18, 2010 7:34am Nov 18, 2010 7:34am
Quoting Mr.Elliott
be careful with any shorts....we are still in bull horns areas....hope that you have your SL ready....
Thank you what should be my sl?/
  • #264,683
  • Nov 18, 2010 7:35am Nov 18, 2010 7:35am
Quoting Mr.Elliott
be careful with any shorts....we are still in bull horns areas....hope that you have your SL ready....
well, is a long a little bit too late mr.elliot? i am long at 1.6010, TP 1.6040.. hope the us market would provide just enough liquidity
  • #264,684
  • Nov 18, 2010 7:42am Nov 18, 2010 7:42am
Quoting bbmac
Price pullsback from the previous 1hr/4hr/daily swing lo zone at the current daily hi and then the 0930am Uk data hits, price finding support at the previous 1hr/5min swing hi zone and 38.2% of the rise up from that 1hr double bottom zone...nice 1min hidden divergence play develops there...flat again now though as no convincing follow thru to a new hi from the set-up, and finishing session here....
Hi . when i first spent 5 months watching this thread i couldnt understand a word you were on about. Now, with your constant contributions, i've grown to the level of almost understanding. I just want to say thankyou and i love that whale @channel 61.9-50 and (is it the same mamma going for air)the one @1.5903 with the light warming its back from around1.5938.

sincerely, kas (from Barking)
All systems of divination, like music itself,work through patterns.
  • #264,685
  • Nov 18, 2010 7:54am Nov 18, 2010 7:54am
Quoting behman8850
Thank you what should be my sl?/
is should be just above 1.6040....but still....if you have a bit of more money...put your SL at 1.6060....just my opinion....but of course i could be wrong...

ps: i think it's better rather than a post without a SL...
  • #264,686
  • Nov 18, 2010 7:55am Nov 18, 2010 7:55am
Quoting tmtsks
well, is a long a little bit too late mr.elliot? i am long at 1.6010, TP 1.6040.. hope the us market would provide just enough liquidity
the market is to overbought...IMHO
  • #264,687
  • Nov 18, 2010 8:07am Nov 18, 2010 8:07am
Quoting fourxtrader
I hr move taking a rest, letting the EMAs in lower tf's (5m and 15m)
build another compression pattern and energy for the next move.

Dr. D.
Compression - Release - Separation off of a
5 min. chart for 100 pips. No matter what
the move, most always associated with a
CRS pattern of EMAs on a lower time frame.

Dr. D.
Attached Images
  • #264,688
  • Nov 18, 2010 8:49am Nov 18, 2010 8:49am
Quoting fourxtrader
Compression - Release - Separation off of a
5 min. chart for 100 pips. No matter what
the move, most always associated with a
CRS pattern of EMAs on a lower time frame.

Dr. D.
Thanks Doc. the highlighting of abbreviations is very helpful and time saving. Your contributions are always a milestone in education for me, a milestone that i start to see and move towards.
All systems of divination, like music itself,work through patterns.
  • #264,689
  • Nov 18, 2010 9:35am Nov 18, 2010 9:35am
Just back at desk to see what I missed after my own trading session ended a few hours ago. The 4hr chart shows the rise up today that breeched the steepest 1hr descending trend line to the upside, price finding some supply in the previous 4hr swing lo zone around the 76.4$ fib of the 6085-5837 move (not shown.) 4hr descending channel bottom and daily t/f ascending trend lines are till intact.

Price so far today has travelled 88% of it's 20day average range and so far this week- 99% of it's 20 week average range, with just rest of today and Friday to go.

G/L

http://www.easy-upload.net/fichiers/...1118163347.gif
ex member
  • #264,690
  • Nov 18, 2010 10:37am Nov 18, 2010 10:37am
Quoting AdrianHNV
Market impact tends to vary and is mostly dependent on which countries the report will accuse of currency manipulation;

It provides a detailed review of global exchange rate policies, economic conditions, and central bank and government actions around the world. Most importantly, the report outlines counties that the Treasury deems currency manipulators;



Most probably the US '''''suggesting''' something about China's so called manipulation of their currency...............

Now having to compete on a more even keel with other countries.....

I...
http://money.cnn.com/2010/11/17/news...curity_review/
  • #264,691
  • Nov 18, 2010 10:39am Nov 18, 2010 10:39am
Access denied above the 200EMA for hourly Close...

A retrace back to support 1 is expected, a range that the Yanks haven't had a chance to play with as of yet...Support 2 shows the cradle support...Support 3 is the fresh bottom....

On a slide these are going to be the areas I am watching for...
Attached Image (click to enlarge)
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #264,692
  • Nov 18, 2010 12:06pm Nov 18, 2010 12:06pm
Quoting Magix

Give some time to checking out Brijons thread...well worth read for all traders imo.
http://www.forexfactory.com/showthread.php?t=242404

A candle that is used to lite another loses nothing....

Just wanted to say thanks, Magix, for pointing out this thread. Very useful!

  • #264,693
  • Nov 18, 2010 12:33pm Nov 18, 2010 12:33pm
For those who watch other pairs...

Glad I closed my shorts before we hit the 200 on hourly last night....GBPCHF...

Took another cheeky short on this chart will wait for the 20/200 cross back for exit...should find a few sheckles here....
Attached Image (click to enlarge)
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #264,694
  • Nov 18, 2010 1:49pm Nov 18, 2010 1:49pm
Hi Pipchick, good to see you. Got to go out now . hope to see you tomorrow.
Have fun.
All systems of divination, like music itself,work through patterns.
  • #264,695
  • Nov 18, 2010 2:47pm Nov 18, 2010 2:47pm
short 6034
Hero calls followed by margin calls...
  • #264,696
  • Edited 3:51pm Nov 18, 2010 3:30pm | Edited 3:51pm
Evening All

Not in any positions at the moment but seeing what cable as instore for us.

A small retrace back to 1.6015 near my 50% fib (200ema on 1H) on chart below would be nice to enter as i am looking at cable getting up to 1.6070 or maybe 1.6100 before the weekend.

If it breaks below 1.5985 then i am a bear

Hope everyones had a good day so far
Attached Image (click to enlarge)
Click to Enlarge Name: gu_18thnov_930pm.gif Size: 30 KB
Enter Signature
  • #264,697
  • Nov 18, 2010 4:40pm Nov 18, 2010 4:40pm
Attached Image
  • #264,698
  • Nov 18, 2010 4:45pm Nov 18, 2010 4:45pm
Morning, Night and Evening To U all..

Turning Point ?
http://www.forexfactory.com/showpost...&postcount=898

Could be wrong

Rgds,Iqyu
not euphoria follower
  • #264,699
  • Nov 18, 2010 5:11pm Nov 18, 2010 5:11pm
Quoting kaspopsicle
Hi Pipchick, good to see you. Got to go out now . hope to see you tomorrow.
Have fun.
Hello Kas..good to see you also
  • #264,700
  • Nov 18, 2010 7:24pm Nov 18, 2010 7:24pm
To those yet lingering in the darkened
halls of this asylum... here's a little 5m
CRS that produced 150 pips. Looks like
a bubble may form which will collapse
the EMAs and another round begins on
one tf or another.

Dr. D.
Attached Image
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