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Cable Update (GBPUSD)

  • #268,541
  • Jan 13, 2011 6:19am Jan 13, 2011 6:19am
testing yesterday high at 1.5777.
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  • #268,542
  • Edited 6:34am Jan 13, 2011 6:22am | Edited 6:34am
above current Hi, 5819-21 is Daily R1 pivot and 50% of the main 6297-5343 recent daily/weekly move. 61.8% of 6093-same 5343 4hr/daily swing is below it at 5806.

G/L
ex member
  • #268,543
  • Jan 13, 2011 6:57am Jan 13, 2011 6:57am
Cable half hearted to move, US data in 30 min.
  • #268,544
  • Jan 13, 2011 7:16am Jan 13, 2011 7:16am
It looks keen to carry on along it's north passage.

I'm long at 744 with immediate resistance on 5m below, moved away gently but stop is at B/E.
"I made all my money by selling too soon"
  • #268,545
  • Jan 13, 2011 7:28am Jan 13, 2011 7:28am
My analysis is we're long until supply zone 1.5860 ish
ATM USDX is down. USDX demand zone around 79.5
  • #268,546
  • Jan 13, 2011 7:29am Jan 13, 2011 7:29am
howdy folks..not sure completely but worth a try i think..
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  • #268,547
  • Jan 13, 2011 7:37am Jan 13, 2011 7:37am
Quoting primzvicious
it seems that weekly 50% fib is the target for current movement...
but i cant find any ideal "buy-dip" position to get in
done
Verily, in every difficulties there is relief
  • #268,548
  • Jan 13, 2011 7:39am Jan 13, 2011 7:39am
It'll come, wait for the pullback after the current momentum
  • #268,549
  • Jan 13, 2011 7:43am Jan 13, 2011 7:43am
Quoting primzvicious
done
Quoting primzvicious
it seems that weekly 50% fib is the target for current movement...
but i cant find any ideal "buy-dip" position to get in http://cdn.forexfactory.com/images/s.../yim/silly.gif


i agree ..
  • #268,550
  • Jan 13, 2011 7:47am Jan 13, 2011 7:47am
Quoting KinsaleForex
If we treat 1.5360 as the bottom of the last run then using P & F on a 4hr chart this gives us an upside target of 1.5820
Good ole point and figure!
  • #268,551
  • Jan 13, 2011 7:52am Jan 13, 2011 7:52am
Quoting primzvicious
done
...good job n now my turn
  • #268,552
  • Jan 13, 2011 7:55am Jan 13, 2011 7:55am
Scratch that. Waiting for short.
  • #268,553
  • Jan 13, 2011 8:05am Jan 13, 2011 8:05am
Quoting Bleek
It looks keen to carry on along it's north passage.

I'm long at 744 with immediate resistance on 5m below, moved away gently but stop is at B/E.
Reversed at 830. ST 10 /TP 20.
"I made all my money by selling too soon"
  • #268,554
  • Edited 8:20am Jan 13, 2011 8:07am | Edited 8:20am
Quoting Bleek
Reversed at 830. ST 10 /TP 20.

good oops could be a good move..
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  • #268,555
  • Jan 13, 2011 8:21am Jan 13, 2011 8:21am
Quoting nAVIN2007
i agree ..
in the end i get in even my master try to hold me
Verily, in every difficulties there is relief
  • #268,556
  • Jan 13, 2011 8:22am Jan 13, 2011 8:22am
Quoting grashid
...good job n now my turn
lol im sure in too.... just wait master G
Verily, in every difficulties there is relief
  • #268,557
  • Jan 13, 2011 8:30am Jan 13, 2011 8:30am
can anyone give any insight about pound ??is it a strong economy or something else is driving it higher for the last week /? I was expecting it to drop to 1.50 together with euro.So basicaly my question is can we expect it to rise 1.60 in coming weeks,or is it just a shake out before reversal.
  • #268,558
  • Jan 13, 2011 8:31am Jan 13, 2011 8:31am
Quoting primzvicious
lol im sure in too.... just wait master G
..dun forget gold as well....
  • #268,559
  • Jan 13, 2011 8:39am Jan 13, 2011 8:39am
Quoting grashid
..dun forget gold as well....
noted
Verily, in every difficulties there is relief
  • #268,560
  • Jan 13, 2011 8:39am Jan 13, 2011 8:39am
Quoting pinkiaiii
can anyone give any insight about pound ??is it a strong economy or something else is driving it higher for the last week /? I was expecting it to drop to 1.50 together with euro.So basicaly my question is can we expect it to rise 1.60 in coming weeks,or is it just a shake out before reversal.

it's all about the news buddy 2 important news today related to GBP and EUR.

Just don't take it as granted,just follow the trend,watch the news in the morning(the calendar)and don't trade before the news
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