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Cable Update (GBPUSD)

  • #291,061
  • Oct 24, 2011 3:14am Oct 24, 2011 3:14am
Hello guys,
I took 2 Sell positions on GBPUSD at 1.5960 and my targets are 1.5860 and 1.5720..

This is my view >

Inserted Video


Cheers
Petar
"Buy on fear, sell on greed !!!
  • #291,062
  • Oct 24, 2011 3:15am Oct 24, 2011 3:15am
Bro, please check divergence at 1H using stoch 10 3 3, a little bit clear there
Quoting _BBKing_
imo if we loose those 2 dotted lines supporting in h1 will open a move to DP near 5900

until above we go again near 6000
not euphoria follower
  • #291,063
  • Oct 24, 2011 3:25am Oct 24, 2011 3:25am
Hi All,

haven't posted for a while...

could this be the start of another unwind?

cable loves the fitty?!

Attached Image
  • #291,064
  • Oct 24, 2011 3:29am Oct 24, 2011 3:29am
Quoting gsantri
So it seems. Its from TimingCharts.com.

Actually I was looking for the reversal point of market sentiment, a risk on/off threshold level.
googled and found this in babypips.com. That's why I said earlier 'somewhat surprising.
OK. I thought it might be COT. Just be aware that many of the COT orders are sitting above or below major Supply and Demand zones so are not active trades yet. This makes COT difficult to use for Intraday sentiment.


Quoting Luther
My early Monday target is 5850 [prior resistance] if we break under the DP and then the 1600 test.
We didn't get below the pre-Asia DP so we got the 1600 test first. [I use the weekend DP for Monday Open] 5850 is my next target under the Daily Roll.

I will post a chart when I figure out how.

[It takes a long time for posts to appear on Forex Factory waiting for review. Is this normal?]
  • #291,065
  • Oct 24, 2011 3:29am Oct 24, 2011 3:29am
http://www.forexfactory.com/attachme...7&d=1319282486
Quoting Cobby
Hi All,

haven't posted for a while...

could this be the start of another unwind?

cable loves the fitty?!

Attachment
not euphoria follower
  • #291,066
  • Oct 24, 2011 4:31am Oct 24, 2011 4:31am
1 Hour Chart. First test of the Daily Roll. 1.5930.
Attached Image (click to enlarge)
Click to Enlarge Name: hhh.PNG Size: 58 KB
  • #291,067
  • Oct 24, 2011 4:58am Oct 24, 2011 4:58am
Quoting Luther
[It takes a long time for posts to appear on Forex Factory waiting for review. Is this normal?]
Yes its normal for new member because your post goes to admin first. After some posts (5 or 10 ?) there will be no more censor for you.

Welcome aboard mon ami
  • #291,068
  • Oct 24, 2011 5:00am Oct 24, 2011 5:00am

***
urang ka ciwidey yu ah... bosen ka lembang tuluy.....
Quoting gsantri
Yes its normal for new member because your post goes to admin first. After some posts (5 or 10 ?) there will be no more censor for you.

Welcome aboard mon ami
not euphoria follower
  • #291,069
  • Oct 24, 2011 5:23am Oct 24, 2011 5:23am
There we go, if daily can close like this, this should be an interesting trade.. I'm not so bullish as we already near resistance, who does anyway, right?
  • #291,070
  • Oct 24, 2011 5:42am Oct 24, 2011 5:42am
915/920 not bad for a scalp north imo
  • #291,071
  • Oct 24, 2011 5:44am Oct 24, 2011 5:44am
.
Attached Image (click to enlarge)
Click to Enlarge Name: pvjj87.gif Size: 13 KB
not euphoria follower
  • #291,072
  • Oct 24, 2011 5:57am Oct 24, 2011 5:57am
Quoting gsantri
Yes its normal for new member because your post goes to admin first. After some posts (5 or 10 ?) there will be no more censor for you.

Welcome aboard mon ami
Thanks

So far so good. I don't see this as a reversal until we take the 5850 Supply Zone, but it's been a very good pullback trade for a Monday. I took half off here at 5918 [70 pips] and will load more if the Daily Roll Test as Resistance holds price.

[I like starting the week with a good sized war chest so I can increase risk with less principle at stake.]
  • #291,073
  • Oct 24, 2011 6:01am Oct 24, 2011 6:01am
Perhaps this could be the beginning of the continuation of the massive downtrend for the coming weeks. This is due to breakout retest pattern in the weekly TF (the resistance is the red line indicated in my chart).

I know it is too early to speculate something crazy like this, but it's definitely something that need to be considered. I'm welcoming whatever ideas/speculation regarding this issue. Thank you.
Attached Image (click to enlarge)
Click to Enlarge Name: cable.gif Size: 30 KB
  • #291,074
  • Oct 24, 2011 6:09am Oct 24, 2011 6:09am
Buy at 1.5920, don't think that cable will go down to 1.5880.

Regards,

Josef
  • #291,075
  • Oct 24, 2011 6:09am Oct 24, 2011 6:09am
just a week to close the month ....

Quoting A-speculator
Perhaps this could be the beginning of the continuation of the massive downtrend for the coming weeks. This is due to breakout retest pattern in the weekly TF (the resistance is the red line indicated in my chart).

I know it is too early to speculate something crazy like this, but it's definitely something that need to be considered. I'm welcoming whatever ideas/speculation regarding this issue. Thank you.
not euphoria follower
  • #291,076
  • Oct 24, 2011 6:09am Oct 24, 2011 6:09am
why ?
Quoting josef
Buy at 1.5920, don't think that cable will go down to 1.5880.

Regards,

Josef
not euphoria follower
  • #291,077
  • Oct 24, 2011 6:13am Oct 24, 2011 6:13am
Quoting iqyu5an
just a week to close the month ....
I know, but if you look at monthly, the price at where it is now is more or less 50% from the long black candle, perhaps the highest we can test is at about the low of the spinning which is at ~6110. Futhermore, candle if closed like this still doesn't mean bullish pattern, does it?
Attached Image (click to enlarge)
Click to Enlarge Name: cable.gif Size: 36 KB
  • #291,078
  • Oct 24, 2011 6:23am Oct 24, 2011 6:23am
Quoting A-speculator
I know, but if you look at monthly, the price at where it is now is more or less 50% from the long black candle, perhaps the highest we can test is at about the low of the spinning which is at ~6110. Futhermore, candle if closed like this still doesn't mean bullish pattern, does it?
Monthly paints a clearer picture showing the significance of 1.6. I doubt it will break just by weekly engulfing pattern. I think cable need more momentum to push it through, so it needs to go down more to gain more momentum. IMHO.
  • #291,079
  • Oct 24, 2011 6:31am Oct 24, 2011 6:31am
Quoting iqyu5an
why ?
On the lower time frames we could bounce here. It was why I cleared part of my position. If we take out the resistance zone I will close the rest and start building longs too.

This week Euro could go to 50% at 1.40430 of the last down move and bring Cable along for the ride. If Merkel and Sarkozy come up with an answer by Wednesday, perhaps even higher.
Attached Image (click to enlarge)
Click to Enlarge Name: hhh23.png Size: 76 KB
  • #291,080
  • Oct 24, 2011 6:39am Oct 24, 2011 6:39am
there is always bull and bear
Quoting Luther
On the lower time frames we could bounce here. It was why I cleared part of my position.

If we take out the resistance zone I will close the rest and start building longs too.

This week Euro could go to 50% at 1.40430 of the last down move and bring Cable along for the ride.

If Merkel and Sarkozy come up with an answer by Wednesday, perhaps even higher.
not euphoria follower
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