Cable Update (GBPUSD)

-8

back short...excuse me ...will stop posting crap when others post

Hi Chaz
Someone has to keep the thread going!
Keep up the good work

out for 5

pretty quiet in here today...

current days high around the midpoint of the pivot / R1

these midpoints have been showing themselves at a
few momentum swings recently...

looking for that break and hold above 15650 again for further upside....or else its bearish for me....H4

Good evening and good morning(depending where U are), lets see if London starts the surge up the mountain

So far the 5635 pivot is holding her down

It's a waiting game now, 7.00h. AM Dec. 03/010 all will be in place.

H4 certainly has seen plenty of resistance up here recently

Yes...

Which Pivot are you refering to JoeMiami?

I have the daily Pivot at 1.55897
yc+yh+yl / 3

The mid level pivot highlighted in blue

I also have my daily R1 set at 5676...

that blue pivot worked like an electric fence to the bulls there...

...so went short 15620....like I said before break and hold above 15650 and I am wrong and will get out

G/M

Yesterday's lo was a direct bounce of the newly established daily ascending trend line joining Tuesday's Doji candle lo on that t/f with the 4225 lo. yesterday's 5667 hi was obviously again at the top of that previous daily/weekly swing lo zone (previous support.)

Mixed picutre this early London session, Uk services Pmi out later, will it follow the manuf and Construction Pmi's of earlier this week and be a good # ? Uk heavily reliant on service sector so # is closely watched. The Monthly Circus that is U.s NFP later also. Will break just after Uk Services Pmi release and be back for that Nfp release...'With volatility comes opportunity' well hope so anyway...would be a nice end to the week.

Meantime, current near-term 1hr screenshot is below, cable finding some demand at the previous 1hr swing hi zone (previous resistance.)

Price only @ 36% of it's 20 day average pip range so far today and only 55% of it's 20 week average range so far this week. Will Nfp shake it up ? Time will tell.

G/L

http://www.easy-upload.net/fichiers/z.20101239219.gif

My company send me a signal. What do you think?

buy @ 1.5560 higher
Aim @1.5670-1.5740
use stop lose

We (me) will all like to get out since Nov. 26/010 @ 1.00h Pm GMT

But is the electricity on that fence strong enough to contain her when UK data comes out... time will tell

Is it Trading Central via IG Index by any chance....?