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Cable Update (GBPUSD)

  • #290,681
  • Oct 18, 2011 3:59am Oct 18, 2011 3:59am
Quoting gsantri
can someone post FTSE-100 chart in hourly please..
Could be support for cable
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  • #290,682
  • Oct 18, 2011 3:59am Oct 18, 2011 3:59am
http://img638.imageshack.us/img638/4430/asdaog.png
  • #290,683
  • Oct 18, 2011 4:01am Oct 18, 2011 4:01am
Quoting gsantri
can someone post FTSE-100 chart in hourly please..
i have not
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  • #290,684
  • Oct 18, 2011 4:04am Oct 18, 2011 4:04am
.
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not euphoria follower
  • #290,685
  • Oct 18, 2011 4:07am Oct 18, 2011 4:07am
Tough read for me hear on price action....I am watching silver and gold tank.....but the market futures are holding up....and the US dollar index is at the daily highs........pound is holding....but Euro is dropping.......too many conflict views from my end to be able to take a position right now.....I just scalped oil for about 10 ticks.....but other then that.....standing aside.
I don't trust any move - when you have profit...take it.
  • #290,686
  • Oct 18, 2011 4:08am Oct 18, 2011 4:08am
@flatfish @gsantri

..ok sorry, misunderstood...
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  • #290,687
  • Edited 4:16am Oct 18, 2011 4:09am | Edited 4:16am
G/M

23.6% 5270-5851 / 76.4% 5664-5851 the post Uk data react Lo so far...Current near-term 1hr screenshot below. Previous 1hr/4hr swing lo zone down to 5542 is also co-existant with a minor previous daily t/f swing lo zone..

Above here but below current price Daily S1 is @ /around that 50% fib 5542-5851 (5699/87) and below here the previous 1hr/4hr swing lo zone to 5664/65 with 61.8% of said move and Daily S2 just below.


G/L
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ex member
  • #290,688
  • Oct 18, 2011 4:12am Oct 18, 2011 4:12am
Quoting Faller
Tough read for me hear on price action....I am watching silver and gold tank.....but the market futures are holding up....and the US dollar index is at the daily highs........pound is holding....but Euro is dropping.......too many conflict views from my end to be able to take a position right now.....I just scalped oil for about 10 ticks.....but other then that.....standing aside.
yes i see euro dropping
maybe due to ZEW economic data very bad...

Gu am waiting to se if get 5680.70 area possible good pullback
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  • #290,689
  • Oct 18, 2011 4:14am Oct 18, 2011 4:14am
Quoting _BBKing_
yes i see euro dropping
maybe due to ZEW economic data very bad...

Gu am waiting to se if get 5680.70 area possible good pullback

Economists are saying that based on the ZEW numbers that Germany MAY be in recession again...........things don't look very good if that is the case. Euro may be falling as well because of talks of an interest rate cut next month....
I don't trust any move - when you have profit...take it.
  • #290,690
  • Edited 4:34am Oct 18, 2011 4:16am | Edited 4:34am
close time short for me & started long , price over 5687 & eu price 3647.A swing top in place eu , gu still not , bear confirmed there , correct towards 3766 or as far it can go before big down . gu correspondingly , seems .

fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #290,691
  • Edited 6:09am Oct 18, 2011 4:18am | Edited 6:09am
Quoting Flatfish
Could be support for cable
Indeed, but seems that the market was not so 'happy with the data released. I see your macd and RSI pointing up though..

Thanks for the chart and @ BBKing too
  • #290,692
  • Oct 18, 2011 4:23am Oct 18, 2011 4:23am
Quoting Faller
Economists are saying that based on the ZEW numbers that Germany MAY be in recession again...........things don't look very good if that is the case. Euro may be falling as well because of talks of an interest rate cut next month....
whole europe going bad!
who will buy german cars and beers and whole their production if world sucks?
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  • #290,693
  • Oct 18, 2011 4:26am Oct 18, 2011 4:26am
i bought that m5 candle
stops @be just now

targeting a pullback move
some 20 -30 pips not more imo
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  • #290,694
  • Oct 18, 2011 4:26am Oct 18, 2011 4:26am
Quoting fontu
close time short for me & started long , price over 5687 & eu price 3647.
fontu
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  • #290,695
  • Oct 18, 2011 4:30am Oct 18, 2011 4:30am
Quoting _BBKing_
i bought that m5 candle
stops @be just now

targeting a pullback move
some 20 -30 pips not more imo
out 2/3 @5724 nice quick 20pips
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  • #290,696
  • Oct 18, 2011 4:32am Oct 18, 2011 4:32am
Bullish divergence plays on the 1min and 3min @ that aforementioned 50% 5542-5851/Daily S1...1min shown below..

Recovery or just pullback ?

G/L
Attached Image
ex member
  • #290,697
  • Oct 18, 2011 4:49am Oct 18, 2011 4:49am
Switched it up a bit here......took a position long in OIL - looking for a pop up out of it's two day slow low consolidation.
I don't trust any move - when you have profit...take it.
  • #290,698
  • Oct 18, 2011 4:56am Oct 18, 2011 4:56am
Quoting Faller
The Euro is taking more of a kicking then the Pound......hmmmmmmm. This drop may be good for Navin.......just a better price for people to get in to long? Kind of looks that way........Anyway, leaving it alone myself -

May just go back to bed now..........
we had engulfing in daily, i expect cable to drop to about 5480-5500 before going long.. my 2 cents..
  • #290,699
  • Oct 18, 2011 4:59am Oct 18, 2011 4:59am
Quoting A-speculator
we had engulfing in daily, i expect cable to drop to about 5480-5500 before going long.. my 2 cents..



What goes up must go down....and what goes down must go up......I am sitting aside on Cable today.....I see Oil moving a little better....currently long 1 contract to feel the waters out.....would post charts and explanation but I know it is really not apart of this thread......
I don't trust any move - when you have profit...take it.
  • #290,700
  • Oct 18, 2011 5:01am Oct 18, 2011 5:01am
Quoting A-speculator
we had engulfing in daily, i expect cable to drop to about 5480-5500 before going long.. my 2 cents..
yes true! but also watch this daily level... if holds here today, i expect it to go up fast & furious. still a lot of hours till day ends, but i also still not see 5680 broken

my position is now small
will add if n when i see price confirmation
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