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Cable Update (GBPUSD)

  • #269,661
  • Jan 24, 2011 1:13am Jan 24, 2011 1:13am
Quoting chazzle
took 15955
took another @ 15967 - closed both @ WP for -6
  • #269,662
  • Jan 24, 2011 1:18am Jan 24, 2011 1:18am
5min shows well where the supply came in again following bounce from 5942 current daily lo, ie at the base of the previous 1hr swing hi zone and 50% of the friday hi - today's current lo 6017-5942....

G/L
Attached Image
ex member
  • #269,663
  • Jan 24, 2011 1:21am Jan 24, 2011 1:21am
Quoting bbmac
5min shows well where the supply came in again following bounce from 5942 current daily lo, ie at the base of the previous 1hr swing hi zone and 50% of the friday hi - today's current lo 6017-5942....

G/L
looks bearish to me mac ..
Attached Image (click to enlarge)
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Thank You
  • #269,664
  • Jan 24, 2011 1:21am Jan 24, 2011 1:21am
Quoting chazzle
Morning GS - are you still holding last week's trade? (GU)
Good morning Chaz,

The trade I sold @5878 was added sold @5984 and both just closed at around 5954, resulting -47 pips. Some got covered from UJ and EU.

I'm flat now.
  • #269,665
  • Jan 24, 2011 1:26am Jan 24, 2011 1:26am
Quoting wormboy
looks bearish to me mac ..
Hi WM,

Beginning to look that way now , failure to build on bounce from 50% friday Lo-Hi, but could be more demand in that zone circled below leading down to 50% 5835-6017 ? Time will tell.

G/L
Attached Image (click to enlarge)
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ex member
  • #269,666
  • Jan 24, 2011 1:29am Jan 24, 2011 1:29am
Quoting bbmac
Hi WM,

Beginning to look that way now , failure to build on bounce from 50% friday Lo-Hi, but could be more demand in that zone circled below leading down to 50% 5835-6017 ? Time will tell.

G/L

hey mate, where do you think the cable is heading today? south?
  • #269,667
  • Jan 24, 2011 1:30am Jan 24, 2011 1:30am
Quoting bbmac
Hi WM,

Beginning to look that way now WM, failure to build on bounce from 50% friday Lo-Hi, but could be more demand in that zone circled below leading down to 50% 5835-6017 ? Time will tell.

G/L
We're not far off my friend. I've highlighted the first i/d pvp @910 as potential support & where I could hopefully book a few.
Let's see if we get paid. Have a good one !
Thank You
  • #269,668
  • Jan 24, 2011 1:32am Jan 24, 2011 1:32am
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.jpg Size: 202 KB


Went short at 5950 40/40 TP/SL
  • #269,669
  • Jan 24, 2011 1:33am Jan 24, 2011 1:33am
Quoting veer2010
hey mate, where do you think the cable is heading today? south?
Hi, I have as much idea as you do, or anyone else for that matter,...prediction is out of my hands, I'll leave it to others, I just play the edge...

G/L
ex member
  • #269,670
  • Jan 24, 2011 1:36am Jan 24, 2011 1:36am
Quoting wormboy
We're not far off my friend. I've highlighted the first i/d pvp @910 as potential support & where I could hopefully book a few.
Let's see if we get paid. Have a good one !

Thx WM, you too. G/L with it.
-------------------------------

nice 5min hidden divergence play at the 5/1/530min pullback hi

G/L
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ex member
  • #269,671
  • Jan 24, 2011 1:39am Jan 24, 2011 1:39am
Quoting iqyu5an
i thought u know the direction bro ( http://www.forexfactory.com/showpost...&postcount=979 )
Gotcha !
  • #269,672
  • Jan 24, 2011 1:44am Jan 24, 2011 1:44am
Quoting bbmac
Hi WM,

......could be more demand in that zone circled below leading down to 50% 5835-6017....
Demand coming in deeper in that previous 1hr swing hi x 3 zone (previous resistance)....

How strong are the bulls now ?

Lol

G/L
Attached Image
ex member
  • #269,673
  • Jan 24, 2011 1:47am Jan 24, 2011 1:47am
Just a Pullback in an upward Channel
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD, H4.gif Size: 23 KB
Put your hands in the air , Give me all your money ! !
  • #269,674
  • Jan 24, 2011 1:48am Jan 24, 2011 1:48am
Quoting gsantri
Good morning Chaz,

The trade I sold @5878 was added sold @5984 and both just closed at around 5954, resulting -47 pips. Some got covered from UJ and EU.

I'm flat now.
Nothing too drastic then.... keep on keeping on bro...
  • #269,675
  • Jan 24, 2011 1:49am Jan 24, 2011 1:49am
for you guys to read.. GU may start its bearish trend soon


http://www.telegraph.co.uk/finance/c...-be-fatal.html
  • #269,676
  • Jan 24, 2011 1:49am Jan 24, 2011 1:49am
Quoting gsantri
Gotcha !
lolol
  • #269,677
  • Jan 24, 2011 1:50am Jan 24, 2011 1:50am
immediate upside obstacle is at 50% of last fall, 23.6% total fall from 6017 and the prev swing lo x 3 zone on 5min.

G/L
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Click to Enlarge Name: z.jpg Size: 75 KB
ex member
  • #269,678
  • Jan 24, 2011 1:51am Jan 24, 2011 1:51am
Quoting MidasFX
Attachment

Went short at 5950 40/40 TP/SL
i went long at 5950... i have no clue yet but think it can retest 6000 again?
  • #269,679
  • Jan 24, 2011 1:56am Jan 24, 2011 1:56am
Quoting PoundTrader
i jump back in late friday with a long at 1.5959, t/p 1.6108. good luck to all
still long at 1.5959, t/p 1.6108. upside is looking good.
  • #269,680
  • Jan 24, 2011 1:57am Jan 24, 2011 1:57am
Quoting veer2010
i went long at 5950... i have no clue yet but think it can retest 6000 again?

As I used to say in the car business, " Anything is Definitely Possible"

~ and also why you never bet the farm ^_^ ~
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