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Cable Update (GBPUSD)

  • #290,621
  • Oct 17, 2011 11:11am Oct 17, 2011 11:11am
UK numbers tomorrow so expect cable to do its thing then. May well swing around here and rally a bit into the number tomorrow. But no real trading opp until then unless euro falls and drags cable down too. Resistence at the 4hr bollie top
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  • #290,622
  • Oct 17, 2011 11:11am Oct 17, 2011 11:11am
Quoting nAVIN2007
shorting above the trendline is dangerous if it break short is good
true!
anyway we are out of that green in h4 n h1.

there is also emas in h4 near crossing all together.
if goes down... im planning to buy it near 5630.

could be wrong, still 'work in progress'
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  • #290,623
  • Oct 17, 2011 11:16am Oct 17, 2011 11:16am
Quoting iqyu5an
why 577x ? hope u still remember this : http://www.forexfactory.com/attachme...6&d=1318757167
ok. what makes me bit confused is that move to 5730 some hours ago
after that move, this area 5780 around, should be shorting area like it was before friday. indeed price went above 'only' some hours just before weekly closing and some today in a fast move into london morning....
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  • #290,624
  • Oct 17, 2011 11:18am Oct 17, 2011 11:18am
Quoting fontu
Like sonet , end but not end yet . give another chance try up 5687 for bull , below it & 5661 to retrace fully. anyway no sky falling yet. let end the pullback first. 5718 still not played.wherase eu broke 3761 successfully & starting move towards 3680 & 3607.short in both continue .

fontu
Worthless day specially for gu , no enough movements ! ranging days ,today & next day as expected in eu daily tf , posted in the morning about in eu thread perhaps . so looking for an exit now in both , gu 5718 to 5700 or 5686 & eu 3719, 3700 to 3683 any ok for the day , middle one if get be happy with.

eu 9th candle bull rally only be abort with close price at 3639 , hope not today & next day again up as far as top or high possible with extension wave untill & unless 3683 broken down anytime .
usdx got a new support for the time being may be & gold fell enough .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #290,625
  • Oct 17, 2011 11:27am Oct 17, 2011 11:27am
its a small scalp, dont follow.... if stopped out loose very small % of account

im posting this to show that pennant in m15: it can give some answers for a quick move
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  • #290,626
  • Oct 17, 2011 11:33am Oct 17, 2011 11:33am
Risk aversion strategy today.
I shorted all the jpy pairs.
I bought the gbp/aud and eur/aud.

Sold every rally in gbp/usd and eur/usd.

Booked a lot of pips.
  • #290,627
  • Oct 17, 2011 11:35am Oct 17, 2011 11:35am
imo price is fightin ema60 in h1 TF @5764-5765
until keep closing candles above it, can go up more n more.
lets see if this candle get it!
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  • #290,628
  • Oct 17, 2011 11:44am Oct 17, 2011 11:44am
coz she's going to test 577x but the brake system is broken so she visit 5730x.. where i close my second short position at 5737x

still one position running ( set sl at bep already )

Quoting _BBKing_
ok. what makes me bit confused is that move to 5730 some hours ago
after that move, this area 5780 around, should be shorting area like it was before friday. indeed price went above 'only' some hours just before weekly closing and some today in a fast move into london morning....
not euphoria follower
  • #290,629
  • Oct 17, 2011 11:47am Oct 17, 2011 11:47am
Quoting ovaforty
Risk aversion strategy today.
I shorted all the jpy pairs.
I bought the gbp/aud and eur/aud.

Sold every rally in gbp/usd and eur/usd.

Booked a lot of pips.

uhhh errr not to be rude.....but what rallies did you sell? There were no rallies.
I don't trust any move - when you have profit...take it.
  • #290,630
  • Oct 17, 2011 11:49am Oct 17, 2011 11:49am
ops! lost 1pip!
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  • #290,631
  • Oct 17, 2011 11:52am Oct 17, 2011 11:52am
Quoting Faller
uhhh errr not to be rude.....but what rallies did you sell? There were no rallies.
lol
no big rallies for sure.
i just kept selling into any up move on the shorter time frames.
  • #290,632
  • Oct 17, 2011 11:53am Oct 17, 2011 11:53am
Quoting iqyu5an
coz she's going to test 577x but the brake system is broken so she visit 5730x.. where i close my second short position at 5737x

still one position running ( set sl at bep already )
well done.
i let it go for a while before i loose another pip!
i wait now daily candle closing or a good setup to pick a trade.....
90% of traders use TA, indicators and prediction
  • #290,633
  • Oct 17, 2011 11:55am Oct 17, 2011 11:55am
Quoting ovaforty
lol
no big rallies for sure.
i just kept selling into any up move on the shorter time frames.



that is what I figured......
I don't trust any move - when you have profit...take it.
  • #290,634
  • Oct 17, 2011 12:13pm Oct 17, 2011 12:13pm
Quoting Faller


that is what I figured......
I made the majority of my pips shorting the jpy pairs and buying eur/aud and gbp/aud today
  • #290,635
  • Oct 17, 2011 12:20pm Oct 17, 2011 12:20pm
Quoting _BBKing_
its a small scalp, dont follow.... if stopped out loose very small % of account

im posting this to show that pennant in m15: it can give some answers for a quick move
seen before , pullback to pullback play now , totally perverted this pair . trying above 5800 again so soon ! tomorrow's play today ! Hope not that success or perhaps more to fall next.
lets see.
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #290,636
  • Oct 17, 2011 12:40pm Oct 17, 2011 12:40pm
Cable rarely plays nice once London goes home. Still think will see a better price to short from than here.
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  • #290,637
  • Oct 17, 2011 1:13pm Oct 17, 2011 1:13pm
been doing this all day. In and out quickly.
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  • #290,638
  • Oct 17, 2011 1:23pm Oct 17, 2011 1:23pm
This is the third update of my one hour chart that I originally posted on Saturday.....see initial post with chart here - http://www.forexfactory.com/showthre...41#post5043441

This chart has one new note showing how price retraced back up to lower trend line of the upper channel and is now falling....with Stochastics and Macd rolled over.....there is big news coming out at 4:30AM est today.....could see some big moves - I am projecting further down but hey the other week when the UK announced 75 billion bond purchasing increase after the price spiked down it rallied like there was no tomorrow.....so we will have to wait and see.....here is the chart.

Cheers......Faller.
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I don't trust any move - when you have profit...take it.
  • #290,639
  • Oct 17, 2011 1:40pm Oct 17, 2011 1:40pm
booked more profits. i am out of all trades now.
  • #290,640
  • Oct 17, 2011 1:43pm Oct 17, 2011 1:43pm
Quoting Faller
This is the third update of my one hour chart that I originally posted on Saturday.....see initial post with chart here - http://www.forexfactory.com/showthre...41#post5043441

This chart has one new note showing how price retraced back up to lower trend line of the upper channel and is now falling....with Stochastics and Macd rolled over.....there is big news coming out at 4:30AM est today.....could see some big moves - I am projecting further down but hey the other week when the UK announced 75 billion bond purchasing increase...
Good chart & clear analysis , cheers .carry out good works.
Move at last & now just waiting exit soon for the day no overnight play .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
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