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Cable Update (GBPUSD)

  • #271,701
  • Feb 11, 2011 4:48am Feb 11, 2011 4:48am
Quoting PhAnTi'
nice chart.
red line your target?

ph.
On monthly Projection Yes Probably after Kissing 5815 !!
  • #271,702
  • Feb 11, 2011 4:49am Feb 11, 2011 4:49am
Quoting sam69
...im expecting bounce from here...
If it was not Friday I might give it a shot but too late in the week for me.
  • #271,703
  • Feb 11, 2011 4:49am Feb 11, 2011 4:49am
Quoting Astroman
If it was not Friday I might give it a shot but too late in the week for me.
this baby will dip hard.
Hero calls followed by margin calls...
  • #271,704
  • Feb 11, 2011 4:59am Feb 11, 2011 4:59am
solid hourly close

Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy h4.gif Size: 25 KB
Hero calls followed by margin calls...
  • #271,705
  • Feb 11, 2011 4:59am Feb 11, 2011 4:59am
Quoting Astroman
If it was not Friday I might give it a shot but too late in the week for me.
dont buy this baby today. : /
Hero calls followed by margin calls...
  • #271,706
  • Feb 11, 2011 5:03am Feb 11, 2011 5:03am
1,6250 was crucial, at this very moment i am only watching - specially 1,59 area is in my opinion important. price action there will be my trigger
good luck fellows!
  • #271,707
  • Feb 11, 2011 5:04am Feb 11, 2011 5:04am
Quoting cannarek
1,6250 was crucial, at this very moment i am only watching - specially 1,59 area is in my opinion important. price action there will be my trigger
good luck fellows!
next support at 5940, 5885.

Ph.
Hero calls followed by margin calls...
  • #271,708
  • Feb 11, 2011 5:05am Feb 11, 2011 5:05am
Quoting PhAnTi'
dont buy this baby today. : /
I'm buying with a stop at 15900
  • #271,709
  • Feb 11, 2011 5:07am Feb 11, 2011 5:07am
Quoting PhAnTi'
next support at 5940, 5885.

Ph.
5940 level..
Attached Image (click to enlarge)
Click to Enlarge Name: gu.JPG Size: 103 KB
  • #271,710
  • Feb 11, 2011 5:08am Feb 11, 2011 5:08am
Quoting chazzle
I'm buying with a stop at 15900
buying where? now?
Hero calls followed by margin calls...
  • #271,711
  • Feb 11, 2011 5:08am Feb 11, 2011 5:08am
Quoting PoundTrader
im short 1.6115 and 1.6078, t/p 1.5500
we shall get there slowly but surely
  • #271,712
  • Feb 11, 2011 5:09am Feb 11, 2011 5:09am
buy limit @ 1.5940 SL 1.5890 TP 1.6030
  • #271,713
  • Feb 11, 2011 5:10am Feb 11, 2011 5:10am
...my thoughts...
Attached Image
Money is made by sitting, not trading. Jesse L. Livermore
  • #271,714
  • Feb 11, 2011 5:10am Feb 11, 2011 5:10am
G/M

just popping in to say hello...

1hr bearish thrust b/o of the recent 4hr congestion results in a current daily lo in the previous 4hr/daily swing hi zone...(potential rbs?) see 4hr picture below. In that potential rbs zone 5951-44 are 2 x unbreeched fibs ofthe major 4hr and daily swings up from 5343, as are 5928-20 lower down.

Looking pretty bearish now (?) with this downside break of that 4hr channel/congestion and no follow thru from yesterday's HH on that t/f....

Ok, so who is going to fade that last 1hr candle ?

G/L

http://i56.tinypic.com/jl5ni1.jpg
ex member
  • #271,715
  • Feb 11, 2011 5:11am Feb 11, 2011 5:11am
Quoting PoundTrader
we shall get there slowly but surely
ill hold my shorts.
dont see any reason to buy here.

got my 6000 break n close.


Phanti.
Hero calls followed by margin calls...
  • #271,716
  • Feb 11, 2011 5:12am Feb 11, 2011 5:12am
Quoting chazzle
I'm buying with a stop at 15900
chazzle whats ur target for the long?
Hero calls followed by margin calls...
  • #271,717
  • Feb 11, 2011 5:16am Feb 11, 2011 5:16am
Looking to reload the shorts if it goes around 1.5995-6000
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 29 KB
  • #271,718
  • Feb 11, 2011 5:17am Feb 11, 2011 5:17am
topside of that previous descending trend line on Daily t/f comes thru at current lows

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: Z.jpg Size: 89 KB
ex member
  • #271,719
  • Feb 11, 2011 5:19am Feb 11, 2011 5:19am
(2h before)

Quoting khizer
+50pips downward movement expected on ppi news...
Trade what you see, Not what you think.
  • #271,720
  • Feb 11, 2011 5:19am Feb 11, 2011 5:19am
Quoting o0freaky0o
Looking to reload the shorts if it goes around 1.5995-6000
should be a good line



Phanti
Hero calls followed by margin calls...
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