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Cable Update (GBPUSD)

  • #273,601
  • Mar 7, 2011 3:17am Mar 7, 2011 3:17am
Quoting chazzle
I have buy stop 16280
closed at 16295 ... wanted 16315 but seen a couple of spinning tops (too close together for my liking) on M15
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  • #273,602
  • Mar 7, 2011 3:59am Mar 7, 2011 3:59am
Quoting chazzle
closed at 16295 ... wanted 16315 but seen a couple of spinning tops (too close together for my liking) on M15
closed just now at 1.6325... maybe it will retrace now.. then again can get into a buy
To Your Success!!
  • #273,603
  • Mar 7, 2011 4:06am Mar 7, 2011 4:06am
Approaching top of range and resistance. Now for the battle of where to !!
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #273,604
  • Mar 7, 2011 4:17am Mar 7, 2011 4:17am
Quoting ndsouz
closed just now at 1.6325... maybe it will retrace now.. then again can get into a buy
nice trade , that's what 85 for you 15 for me?... I got some work to do and yes looking for 16305/15 for the retrace (for scalping)
  • #273,605
  • Mar 7, 2011 4:18am Mar 7, 2011 4:18am
G/M

How much supply in this previous 1hr/4hr/minor daily swing hi zone leading up to 6343? Strong move up so far today...above that 6343 gotta urn to weekly chart for any potential resiustance factors other than fib extensions of moves on lower t/f's.

G/L
Attached Image
ex member
  • #273,606
  • Mar 7, 2011 4:31am Mar 7, 2011 4:31am
Quoting bbmac
G/M

How much supply in this previous 1hr/4hr/minor daily swing hi zone leading up to 6343? Strong move up so far today...above that 6343 gotta urn to weekly chart for any potential resiustance factors other than fib extensions of moves on lower t/f's.

G/L
Hi BB - hope you're well - I got DTL hitting 16400 on weekly although don't know how strong it will be since it's established by points in 2007/08 few other points of static resistance there (price action)
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  • #273,607
  • Mar 7, 2011 4:48am Mar 7, 2011 4:48am
Supply zone. June-Oct. 2009 16224-16745. Drilling down static resistance at 16380/16420 (also the 50%) 16480. Price was moving at 40 pip increment.Above 16500 when/if we get near.lol
Attached Image (click to enlarge)
Click to Enlarge Name: Spot FX GBP_USD (04-MAR-11).png Size: 12 KB
All systems of divination, like music itself,work through patterns.
  • #273,608
  • Mar 7, 2011 4:48am Mar 7, 2011 4:48am
morning traders....just sitting here on my bum waiting for something to happen


closed some longs on GU and some shorts on GJ now waiting for the GU to go back to 1.6290 and jump back in for the longs

in the meanwhile I think we will all be like this guy when the market will brake the channel

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  • #273,609
  • Mar 7, 2011 4:51am Mar 7, 2011 4:51am
Daily and weekly.

GU stuck in a range for the past few days.

Should wait for atleast daily close below 1.6250/60 area before thinking of shorts.

Else look for the breakout to the upside.
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  • #273,610
  • Edited 5:06am Mar 7, 2011 4:51am | Edited 5:06am
CABLE Strongest BULLISH Now...
We will see @ Price 1,6357

My Estimated in Post #273203 Mar 1, 2011 6:08pm

Quoting Tsar
Cable Overbought Now...

Still TRY Broke H1 Support Price @ 1.6262
If Can Broke... We will see in H4 Support Price @ 1.6245
Price @ 1.6197 as Daily Pivot for PullBack
( or LOWER Price @ 1.6139 as Weekly Pivot for PullBack - But I'm NOT sure will Touch in Here )

Price @ 1.6357 as Down Retrace but still posible go UP again.
Price @ 1.6602 as Criticcal Point for Reversal.
Attached Image (click to enlarge)
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Always looking the GREAT, never left GOOD Point...
  • #273,611
  • Mar 7, 2011 4:54am Mar 7, 2011 4:54am
Hi mate, all good here thanks, - hope all okay wiuth you too.

I see the trend line to which you refer, more a weekly trend line ? but whatever no weekly close above it yet although price did have a go at it last week...76.4% 7044-4229 abobe it and into a previous weekly swing hi going back to/created Nov 2009.

All looking bullish atm.

G/L

Quoting chazzle
Hi BB - hope you're well - I got DTL hitting 16400 on weekly although don't know how strong it will be since it's established by points in 2007/08 few other points of static resistance there (price action)
ex member
  • #273,612
  • Mar 7, 2011 5:05am Mar 7, 2011 5:05am
thats a real broker in action there.. redbeben ...
  • #273,613
  • Mar 7, 2011 5:07am Mar 7, 2011 5:07am
Quoting chazzle
looking for 16305/15 for the retrace (for scalping)
got in too early @ 16320 so took it for 5 pips only .... got a pending limit order at 305 ... would consider giving this one 40 pips each way though (SL/TP)
  • #273,614
  • Mar 7, 2011 5:25am Mar 7, 2011 5:25am
Not a real lot going on so far with cable tonight still hasnt broken that range.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #273,615
  • Mar 7, 2011 5:45am Mar 7, 2011 5:45am
200ema testing monthly open at16278 while price testing the 16340 again and respecting the 20 ema so far
Attached Image (click to enlarge)
Click to Enlarge Name: Spot FX GBP_USD (04-MAR-11).png Size: 7 KB
All systems of divination, like music itself,work through patterns.
  • #273,616
  • Mar 7, 2011 6:54am Mar 7, 2011 6:54am
Quoting redbeben
morning traders....just sitting here on my bum waiting for something to happen


closed some longs on GU and some shorts on GJ now waiting for the GU to go back to 1.6290 and jump back in for the longs
done selling for today

I might buy again but I have to double check it
  • #273,617
  • Edited 7:11am Mar 7, 2011 6:58am | Edited 7:11am
Scalp long 16295..looking for 16318-16340.SL 16278 200ema 15min
All systems of divination, like music itself,work through patterns.
  • #273,618
  • Mar 7, 2011 7:04am Mar 7, 2011 7:04am
Looks like top of the range holding for now.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #273,619
  • Mar 7, 2011 7:23am Mar 7, 2011 7:23am
out -2... news in 7min usdcad
All systems of divination, like music itself,work through patterns.
  • #273,620
  • Mar 7, 2011 7:57am Mar 7, 2011 7:57am
Today is MONDAY !!!

But CABLE is CRAZY Now...
for Changes Friday NFP, Last Week
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-03-07_GU Crazy in Monday.jpg Size: 136 KB
Always looking the GREAT, never left GOOD Point...
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