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Cable Update (GBPUSD)

  • #264,941
  • Nov 23, 2010 2:12am Nov 23, 2010 2:12am
Quoting bonus76
looking at au m30 looks like a buy now even gu looks like a buy.
muzta!!!!

can i ask you !

what is the move of the currency if there is double bottom?

do you think at this time is the oversell area for the cable! so soon the cable will climb and what level do the cable may fly for now?
  • #264,942
  • Nov 23, 2010 2:15am Nov 23, 2010 2:15am
Quoting bob_nofats
muzta!!!!

can i ask you !

what is the move of the currency if there is double top?

do you think at this time is the oversell area for the cable! so soon the cable will climb and what level do the cable may fly for now?
was that post address to u or does it involve you in any way?
  • #264,943
  • Nov 23, 2010 2:16am Nov 23, 2010 2:16am
Attached Image
  • #264,944
  • Nov 23, 2010 2:16am Nov 23, 2010 2:16am
Quoting bonus76
looking at au m30 looks like a buy now even gu looks like a buy.
Figured I would load a fresh short around the 200EMA 5m...

Will set a SL above daily roll, and a pending order in the green zone.

Off for nappy time.

Good luck on the evening.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #264,945
  • Nov 23, 2010 2:17am Nov 23, 2010 2:17am
Quoting Magix
Figured I would load a fresh short around the 200EMA 5m...

Will set a SL above daily roll, and a pending order in the green zone.

Off for nappy time.

Good luck on the evening.
Have a good one , cu
  • #264,946
  • Nov 23, 2010 2:21am Nov 23, 2010 2:21am
just an opinion
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  • #264,947
  • Nov 23, 2010 2:27am Nov 23, 2010 2:27am
Off the bottom and starting with that 5min has printed a LL, H (abov last LH), HL, HH, L, HH and now a HL...this t/f showing some signs of strength now ? or is overall 1hr downtrend too strong ?

Time will tell.

G/L
ex member
  • #264,948
  • Nov 23, 2010 2:28am Nov 23, 2010 2:28am
Quoting Magix
Figured I would load a fresh short around the 200EMA 5m...

Will set a SL above daily roll, and a pending order in the green zone.

Off for nappy time.

Good luck on the evening.

what exactly the price of 200ema in 5m....? coz i do same position
as you do! heheheh

SL above daily roll?
  • #264,949
  • Nov 23, 2010 2:36am Nov 23, 2010 2:36am
Quoting wormboy
lol

I'm just trying to let the guy know indirectly a proper analysis would be nice.
all this i'm buying here selling there without at least sharing/discussing trade ideas is pretty pointless. nobody cares.

guess he's out at BE now

Hi, sorry I had to rush off for a while, (do some real work!) so couldn't answer your question.

I went long simply because price hit ascending trend line on daily chart. And yes I'm still in the trade.

My target is 1.6000.
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  • #264,950
  • Nov 23, 2010 2:54am Nov 23, 2010 2:54am
1hr screenshot below shows the 1st upside barrier to any extended recovery off 5898 lo.

G/L
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ex member
  • #264,951
  • Nov 23, 2010 2:57am Nov 23, 2010 2:57am
Yes I will be much happier if price can break 1.5950
  • #264,952
  • Nov 23, 2010 3:11am Nov 23, 2010 3:11am
Quoting fuse
Yes I will be much happier if price can break 1.5950

Your recovery got scuppered by that previous 1hr swing hi, minor 1hr descending trend line and, didn't notice it in realtime but 76.4% 5967-5898...5min saw a 3rd HH and another HL but followed by a LH and now it's gonna be a L when the next fractal forms on that 5min.

Bulls got any strength ?


G/L
Attached Image
ex member
  • #264,953
  • Nov 23, 2010 3:12am Nov 23, 2010 3:12am
http://i648.photobucket.com/albums/u.../chart2-18.gif
  • #264,954
  • Nov 23, 2010 3:24am Nov 23, 2010 3:24am
5min is pretty mixed now...

G/L
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ex member
  • #264,955
  • Nov 23, 2010 3:38am Nov 23, 2010 3:38am
Hoping to see some clear direction soon as Im falling asleep.

Will she bounce off of support and head for 5950 area or will she stay below suppport and head for the valley?...hmmmm
  • #264,956
  • Nov 23, 2010 3:38am Nov 23, 2010 3:38am
I'm out with +10 pips
  • #264,957
  • Nov 23, 2010 3:43am Nov 23, 2010 3:43am
off the 5min HH at 5949 that coincided with a potential LH on 30min now confirmed....the t/f has printed that HH, then a HL, LH, L, LH and a LL will now result below the last L...
ex member
  • #264,958
  • Nov 23, 2010 3:44am Nov 23, 2010 3:44am
Quoting nAVIN2007
http://i648.photobucket.com/albums/u.../chart2-18.gif
nice one nav . that's the major ltl I was pointing out earlier ...

Quoting wormboy
but in response to the major bullish ltl you have, you might want to plot it again.
Switch to the weekly, plot the ltl from the 6th of June 2010 low @4341 to the 5th of Sept swing low @5291. The major ltl is currently failing, yesterday's rise towards 6077 stopped dead on the underside & failed the test. The drop had been a textbook breakout, retest & continuation.
Thank You
  • #264,959
  • Nov 23, 2010 3:48am Nov 23, 2010 3:48am
Quoting bbmac
5min is pretty mixed now...

G/L

hi tom..

the green line is acting as strong resistance..for long to be good..id say that area needs to break and hold as support..i sill fancy short and dailly weekly look set to give a bearish month

hi folks
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  • #264,960
  • Nov 23, 2010 3:50am Nov 23, 2010 3:50am
Quoting wormboy
nice one nav . that's the major ltl I was pointing out earlier ...
azim ..yur here..i thought yur azz was on holiday
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