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Cable Update (GBPUSD)

  • #265,741
  • Dec 3, 2010 2:56am Dec 3, 2010 2:56am
point of interest?
daily 14.6 fib and 23.6 fib of last swing there
at the close of that last M15 candle

Attached Image
  • #265,742
  • Dec 3, 2010 3:02am Dec 3, 2010 3:02am
Quoting Cobby
point of interest?
daily 14.6 fib and 23.6 fib of last swing there
at the close of that last M15 candle

Attachment
Cobby pull up M15 H1 H4 and Daily...put a line at 15650...what do you see?
  • #265,743
  • Dec 3, 2010 3:15am Dec 3, 2010 3:15am
Quoting chazzle
Cobby pull up M15 H1 H4 and Daily...put a line at 15650...what do you see?

for the moment I see dead bulls...

with the higher swing lows on the H1
maybe we will see another go at it
in this session...who knows...
  • #265,744
  • Dec 3, 2010 3:20am Dec 3, 2010 3:20am
Move up breeches steepest 1hr and 4hr descending trendlines to the upside but no candle closes above them yet on those respective t/f's .

Pullback creates another opportunity to get some pips in the 5min + opa uptrend...see 5min pic belowas previous resistance becomes support and a 1min hidden divergence play there using the 0859am 1min candle close as the trigger-bull engulf (london times)

Just flat again as a new Hi is achieved ....awaiting the data at 0930am

G/L
Attached Image
ex member
  • #265,745
  • Dec 3, 2010 3:39am Dec 3, 2010 3:39am
53 the number against 53.2 previous and forecast....no real knee-jerk (+) reaction...finishing here but will be back for 1hr around U.s NFP later...final look at near-term 1hr screesnhot is below as cable hi so far today approaches yesterday's hi.

G/L

http://www.easy-upload.net/fichiers/z.2010123103826.gif
ex member
  • #265,746
  • Dec 3, 2010 4:04am Dec 3, 2010 4:04am
thanks bbmac
  • #265,747
  • Dec 3, 2010 4:10am Dec 3, 2010 4:10am
Happy NFP friday folks!

where's the rest of the gang at? (partying already....LOL)
Hear the music before the song is over ...
  • #265,748
  • Dec 3, 2010 4:11am Dec 3, 2010 4:11am
I'm out of that one for -43
  • #265,749
  • Dec 3, 2010 4:22am Dec 3, 2010 4:22am
61.8 fib here on weekly
could be of interest to the long term participants

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  • #265,750
  • Dec 3, 2010 4:43am Dec 3, 2010 4:43am
daily range 14.6 fib and a bounce to new highs again


Attached Image
  • #265,751
  • Dec 3, 2010 5:05am Dec 3, 2010 5:05am
breach of upper TL on 30 min...
1hr flown away from kumo cloud - find support on TL from 30 nov low?

daily and 4hr beneath kumo cloud but headed back towards it..
nearly 1:3 room up as down on 20 ADR.. price taking a breather at high from yesterday and zone from 25 nov from which price left southbound rather eagerly..

find support of LTL drawn from 30 Nov low?

euro on the road to recovery?


nothing for me yet today..

(sorry no charts..got all sorts of buy sells tests all over them)
  • #265,752
  • Dec 3, 2010 5:29am Dec 3, 2010 5:29am
Quoting GlobalMacro
Happy NFP friday folks!

where's the rest of the gang at? (partying already....LOL)
Hey GM, how's it hanging bro. It's you who seems to be too busy partying as we never see you much anymore. Them dam babes on the beach are distracting you ..... not jealous at all. Very choppy and fakey lately with the direction unsure. Today both the daily and 4 hour looking pretty bullish again unlike yesterday. Might be heading back upto 1.58 region again, what do you think?
You've got to be IN IT to WIN IT!
  • #265,753
  • Dec 3, 2010 5:59am Dec 3, 2010 5:59am
chancing a long here at 61.8% fib of todays move plus some support at 15630
Attached Image (click to enlarge)
Click to Enlarge Name: cha.PNG Size: 38 KB
  • #265,754
  • Dec 3, 2010 5:59am Dec 3, 2010 5:59am
HI GM what is opinion on Gu today?
  • #265,755
  • Dec 3, 2010 6:25am Dec 3, 2010 6:25am
respecting LTL from yesterdays low on 30 min
  • #265,756
  • Dec 3, 2010 6:33am Dec 3, 2010 6:33am
Quoting naboo
respecting LTL from yesterdays low on 30 min
What,like this Nab.? Looks a bit squeezed doesnt it
Attached Image (click to enlarge)
Click to Enlarge Name: Spot FX GBP_USD (03-DEC-10).png Size: 10 KB
All systems of divination, like music itself,work through patterns.
  • #265,757
  • Edited 6:46am Dec 3, 2010 6:45am | Edited 6:46am
Third time on this TF. What can it all mean?
Attached Image (click to enlarge)
Click to Enlarge Name: Spot FX GBP_USD (03-DEC-10).png Size: 10 KB
All systems of divination, like music itself,work through patterns.
  • #265,758
  • Dec 3, 2010 6:48am Dec 3, 2010 6:48am
what i'm seeing popsi... ascending wedge... somethings gonna give if it plays out..

let's see

http://www.decisionpoint.com/tacourse/Wedge.html
Attached Image
  • #265,759
  • Dec 3, 2010 6:51am Dec 3, 2010 6:51am
Just back for 1hr or so leading up to and beyond the U.s Nfp release.
U.s Nfp due soon. markets seem to be expecting a good headline #. Will be interesting to see the important component parts like private payrolls, and peripheral numbers like the Un-emp rate etc... As usual deviation from previous, revisions to previous and deviation from forecast will determine market's overall reaction both knee-jerk and beyond, if there is such a discernable reaction (s.)

Too many scenarios to list really, just hoping for volatility and a 'definate' reaction (s) to create opportunities.

The screenshot below was lifted from the forexcruch website and is a probably a fair summary of points about the release.

G/L
Attached Image
ex member
  • #265,760
  • Dec 3, 2010 7:01am Dec 3, 2010 7:01am
Quoting bbmac
Just back for 1hr or so leading up to and beyond the U.s Nfp release.
U.s Nfp due soon. markets seem to be expecting a good headline #. Will be interesting to see the important component parts like private payrolls, and peripheral numbers like the Un-emp rate etc... As usual deviation from previous, revisions to previous and deviation from forecast will determine market's overall reaction both knee-jerk and beyond, if there is such a discernable reaction (s.)

Too many scenarios to list really, just hoping for volatility and a 'definate' reaction...

thanks bbmac.. for those who "like" the thrill Wayne Mcdonell from FXBootcamp is holding his 55th webinar on trading the NFP live over @ FX Street..

Trade Non-Farm Payrolls LIVE - 55th Edition - http://www.fxstreet.com/webinars/sessions/
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