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Cable Update (GBPUSD)

  • #266,881
  • Dec 17, 2010 10:12am Dec 17, 2010 10:12am
Quoting nAVIN2007
she gave birth..easy money (aggressive trading seems to be paying off)

should see 1.53 next week
Cheers Bro. sometimes it seems like i shoulda been a gambler all my life. Thanks for helping me be an aggressive little cow. lol. All best k
All systems of divination, like music itself,work through patterns.
  • #266,882
  • Dec 17, 2010 10:19am Dec 17, 2010 10:19am
Arrgghh, but EPIC...

Regards
  • #266,883
  • Dec 17, 2010 10:24am Dec 17, 2010 10:24am
and going long. Getting all my money, im gambling. My brother works on a security department and he has some info about the summit. London is closing and taking profits of a good week. I took some shorts today, but now is long on EUR AND GBP. gbp avg 1.5475, and eur i took it to early and i have it on 1.3180. right now is the right place to long it 1.3120-1.3135
  • #266,884
  • Dec 17, 2010 10:26am Dec 17, 2010 10:26am
@ the current Lo price reached the 161.8% extension of the last 4hr swing Lo-Hi 5530-5645.

G/L
ex member
  • #266,885
  • Dec 17, 2010 10:29am Dec 17, 2010 10:29am
does anyone know what caused the cable to fall so drastically today ?
  • #266,886
  • Dec 17, 2010 10:32am Dec 17, 2010 10:32am
Quoting whatfx
does anyone know what caused the cable to fall so drastically today ?
Quadruple witching.
  • #266,887
  • Dec 17, 2010 10:35am Dec 17, 2010 10:35am
Quoting Azinvg
and going long. Getting all my money, im gambling. My brother works on a security department and he has some info about the summit. London is closing and taking profits of a good week. I took some shorts today, but now is long on EUR AND GBP. gbp avg 1.5475, and eur i took it to early and i have it on 1.3180. right now is the right place to long it 1.3120-1.3135
well..actually i don't care with issues like this, and the summit, and your brother, and bla bla bla bla....,but sadly i follow...close all short...

nice week for all, becarefull...,
I will be the number one Manager.
  • #266,888
  • Dec 17, 2010 10:36am Dec 17, 2010 10:36am
I noticed that price was @ 131% of it's 20 day average pip range and 145% of the 20week average range, so openend my platform looking to buy a pullback...first and last trade of the day @ that 161.8% 4hr fib extension mentioned above...not the best potential support and certainly no confluence of potential support factors there but with it being late on Friday London session and price extended from it's 20 day/week average ranges it seemed a decent place to act at the 1min bullish divergence based set-up for a pullback at least....flat again now.

Will pop in and out in 1st 1/2 of next week.

Have a good w/e.

G/L

http://www.easy-upload.net/fichiers/...1217173458.gif
ex member
  • #266,889
  • Dec 17, 2010 10:40am Dec 17, 2010 10:40am
Quoting kaspopsicle
Cheers gsantri . Now we've hit that 15484 i dont know what to do cos i havnt got dx, I 'm just gonna gamble down to my next line at 15430....although i'm thinking a little bounce here at 15475 might be in order.
We are here Kas. Now trying to break WR1.
If dx reach the green shape, as per Navin say GU will be at least 1.5300 (September low).

Your 5430 is piece a cake lol..

Good luck.
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  • #266,890
  • Edited 1:39pm Dec 17, 2010 10:46am | Edited 1:39pm
buy taken....

tp 1.55465
sl at BE

almost like yesterday .....

have a nice week-end
thank you guys for your insights!
hope someday i can give something back....
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... feel better day by day.
  • #266,891
  • Dec 17, 2010 11:14am Dec 17, 2010 11:14am
2 targets have been met in my gbpusd short,+32 pips and +72 pips,i am waiting for the third target of this baby at 1.54300 which is 100 pips ,let see what happens.
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  • #266,892
  • Dec 17, 2010 11:28am Dec 17, 2010 11:28am
Quoting bbmac
I noticed that price was @ 131% of it's 20 day average pip range and 145% of the 20week average range, so openend my platform looking to buy a pullback...first and last trade of the day @ that 161.8% 4hr fib extension mentioned above...not the best potential support and certainly no confluence of potential support factors there but with it being late on Friday London session and price extended from it's 20 day/week average ranges it seemed a decent place to act at the 1min bullish divergence based set-up for a pullback at least....flat again now....
so heavy read your analysis dude.., i'm poor in math and percent,
i close my trade base on london close and this one..
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I will be the number one Manager.
  • #266,893
  • Dec 17, 2010 12:33pm Dec 17, 2010 12:33pm
As a final comment before the week-end:

As mentioned earlier, the November low @ 1.5483 ((1) on chart), may be defended.

A reasonably important zone was broken to the downside ((2) on the chart), which included the Wednesday low @ 1.5529, the S/R level @ 1.5536 and the Wednesday close @ 1.5542. Just above this, the Monthly opening price @ 1.5560.

I do believe there is a chance that we will go back to test this area before/if we continue lower. Logic tell us that stops are probably placed in the 1.5540 - 1.5570 area.

Otherwise, it will be too easy. Just a thought....

Regards
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  • #266,894
  • Dec 17, 2010 12:40pm Dec 17, 2010 12:40pm
Better analyst than trader - hire me
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  • #266,895
  • Dec 17, 2010 12:51pm Dec 17, 2010 12:51pm
Quoting chazzle
Better analyst than trader - hire me
Good day to you,

Don't tell me you did not....
  • #266,896
  • Dec 17, 2010 12:54pm Dec 17, 2010 12:54pm
Tau, my excuse for hanging around all day is that the wife is down at the stables after work, oh, and that I am finding the Cable thread pleasant these past couple of days as I work from home.

What's yours?

Chazzle - sorry to read of your lost opportunity.
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #266,897
  • Dec 17, 2010 1:00pm Dec 17, 2010 1:00pm
Quoting TauTrader
Good day to you,

Don't tell me you did not....
don't worry - still a work in progress - I plan to come to FX in a couple of years with a serious investment, will make do with a small account for now - but yeah , had the sick feeling lol
  • #266,898
  • Dec 17, 2010 1:00pm Dec 17, 2010 1:00pm
Nice bounce from weekly lower channel TL. If it has held then channel top is 166+ or somewhere in median of the channel.

Lets see if it plays out.

Balaji
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  • #266,899
  • Dec 17, 2010 1:03pm Dec 17, 2010 1:03pm
Quoting 45Condor
Tau, my excuse for hanging around all day is that the wife is down at the stables after work, oh, and that I am finding the Cable thread pleasant these past couple of days as I work from home.

What's yours?

Chazzle - sorry to read of your lost opportunity.
Good day to you,

I have some free time now that the year is unwinding and decided to parttake again on the forum for a while, as it is lonely just sitting here staring at a screen. I am also testing some ideas and no better way to keep one honest, by calling a couple of trades.

I enjoy the banter and general vibe on this thread - there are some really funny individuals here. It's like a daily dose...it's fun. And I always learn.

There you have it

Regards to you
  • #266,900
  • Dec 17, 2010 1:09pm Dec 17, 2010 1:09pm
Agree, it is fun, and yes, I do like to watch what other traders are observing. With the chaff ostensibly cast aside - those making one line submissions with no real reasoning or charts - a little more wheat can be seen.
Author of: For Pip's Sake! (Available at Amazon... :-) )
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