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Cable Update (GBPUSD)

  • #292,641
  • Nov 15, 2011 4:06pm Nov 15, 2011 4:06pm
shorts are still in play get in where you fit in
  • #292,642
  • Nov 15, 2011 4:54pm Nov 15, 2011 4:54pm
Looking forward to a retest of 1.59 tomorrow - then short. That's what I'm looking for. Please:

Attached Image (click to enlarge)
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Gone to a better place
  • #292,643
  • Nov 15, 2011 5:46pm Nov 15, 2011 5:46pm
Quoting DerekV
Wow, walk away from the comp for an hr, and what a strong down move.
Anyway, adjusting my stop to 1.6010 with the target of 1.5785.
The way I see it from the price action is that it now has came back into the consolidation phase (HR1) from last friday before breakout. This is bearish indication and expect it to go lower.

Price now is in the consolidation mode at obvious support of around 5800.

I now tighten my protective stop @ 5860 from last friday short sell @ 6070. I also will extend my profit target to 5700 if 5800 does not hold.
  • #292,644
  • Nov 15, 2011 5:53pm Nov 15, 2011 5:53pm
Today,we might expect GU to retest it previous resistance after 2 days have not retrace.Our strong support is Yesterday Low.

3 potencial Resistance we should care:
1) Monthly Pivot
2) Daily Pivot
3) previous Resistance around 1.5884


Twinsummit
Attached Image (click to enlarge)
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Trade what you SEE, don't trade what you FEEL. Be Smart! - (Webadoi)
  • #292,645
  • Nov 15, 2011 6:51pm Nov 15, 2011 6:51pm
Its time for GBPUSD and EURUSD to Reverse,
i am looking at 5860 target for gbpusd and 3560 fro EURUSD
just bout both lets see..
Don't compare your Trades with Others
  • #292,646
  • Nov 15, 2011 8:28pm Nov 15, 2011 8:28pm
Quoting _BBKing_
this thing is crashing together with euro.

im short again 5820 heavy postion to target 57 area
told you
90% of traders use TA, indicators and prediction
  • #292,647
  • Edited 9:06pm Nov 15, 2011 8:42pm | Edited 9:06pm
Quoting _BBKing_
told you
one could not hear you clearly
  • #292,648
  • Nov 15, 2011 10:22pm Nov 15, 2011 10:22pm
In order not to shock by the 'yield moves, tomorrow's Spain and France bond auctions (in London time)

Bills and other schedule is here;
Presenting Europe's Remaining 2011 Bond And Bill Auctions


G/L
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  • #292,649
  • Nov 15, 2011 10:27pm Nov 15, 2011 10:27pm
Quoting DerekV
Price now is in the consolidation mode at obvious support of around 5800.

I now tighten my protective stop @ 5860 from last friday short sell @ 6070. I also will extend my profit target to 5700 if 5800 does not hold.
Tighten my protective stop again @ 5820 with final target still @ 5700.

Price has now punch through 5800 and over the last 2 hrs it fight hard to not letting it goes below 5750.

Price has been short term oversold on the HR1 and HR4. Both time frames has created a bullish divergence so do expect short term bounce. If the bounce occur do expect it to find resistance at 5870.

Anyway, It was a healthy ride over the last 5 days.
  • #292,650
  • Nov 15, 2011 11:04pm Nov 15, 2011 11:04pm
Quoting DerekV
Tighten my protective stop again @ 5820 with final target still @ 5700.

Price has now punch through 5800 and over the last 2 hrs it fight hard to not letting it goes below 5750.

Price has been short term oversold on the HR1 and HR4. Both time frames has created a bullish divergence so do expect short term bounce. If the bounce occur do expect it to find resistance at 5870.

Anyway, It was a healthy ride over the last 5 days.
Good day to you,

Good trading. Very well done on this one..

Regards
  • #292,651
  • Nov 15, 2011 11:08pm Nov 15, 2011 11:08pm
Quoting gsantri
one could not hear you clearly
  • #292,652
  • Nov 15, 2011 11:26pm Nov 15, 2011 11:26pm
Quoting gsantri
Not for i/d or daily basis. am waiting for blue-green crosses and will go with green. Not interested by red.
..

COT comparison, confidence in sterling still better than euro.

.
Attached Image(s) (click to enlarge)
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  • #292,653
  • Nov 16, 2011 12:09am Nov 16, 2011 12:09am
interesting to note

the 14.6 fib ext of yesterdays range was present at the recent pullback (blue)

Attached Image
  • #292,654
  • Nov 16, 2011 12:38am Nov 16, 2011 12:38am
long
@5764
@5769

sl @5753
Trader from Croatia
  • #292,655
  • Nov 16, 2011 12:39am Nov 16, 2011 12:39am
Quoting TauTrader
Good day to you,

Good trading. Very well done on this one..

Regards
Hi I see, u are bullish in this pair.. But could u give us any hint why?

Yesterday we got a breakout from range. we are painting new lows after few days..

Thanks
  • #292,656
  • Nov 16, 2011 1:09am Nov 16, 2011 1:09am
Quoting Geene
long
@5764
@5769

sl @5753

5777 out
Trader from Croatia
  • #292,657
  • Nov 16, 2011 2:09am Nov 16, 2011 2:09am
G/M,

More downside below yesterday's Lo, and touching the 2 x fibs mentioned in the confluence of support factors detailed below

5780-5752 prev 4hr sw lo zone incl 5781=61.8% 5541-6165, 5760 = Weekly S2 @/around,5757 = 76.4% 5629-6165 and 5753 =85.4% 5681-6165

Some demand here it would seem - Below here:

5718 50% 5270-6165
5713 Daily S2
5708 85.4% 5629-5165
5704-5681 prev 4hr sw lo zone incl 5689 = 76.4% 5541-6165
5660-5629 prev daily/4hr sw lo zone and prev dly sw hi zone incl 5657 = Weekly S3 @/around, and 5632 = 85.4% 5541-6165 and 5631 = Daily S3
5613 61.8% 5270-6165
5554-5541 prev daily/4hr sw lo zone
5504-5490 prev 4hr sw hi zone incl 5501 = Monthly S1 @/around
5481 76.4% 5270-6165
5386 85.4% 5270-6165
5336-5319-5270 prev weekly/daily/4hr swing lo zone
5194 61.8% 4225-6746

To the immediate upside as 1hr screenshot below

Uk data/report releases etc at 0930 and 1030am
Attached Image
ex member
  • #292,658
  • Nov 16, 2011 2:18am Nov 16, 2011 2:18am
....strong bounce at 5750/55 area...the current near-term 4hr screenshot is below:

G/L
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ex member
  • #292,659
  • Nov 16, 2011 2:25am Nov 16, 2011 2:25am
went berserk with long since test failed on swissy. I'm sorry i didn't post this positions early since i'm afraid someone might follow with large position. I'm only using 1.5% of my account on the test positions. Will close some of these pos where i see reversal.
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  • #292,660
  • Nov 16, 2011 2:36am Nov 16, 2011 2:36am
the question now is, will this be the breakout retest pattern for the double bottom on daily, or will the price extend towards 1.5700? only time will tell...
Attached Image (click to enlarge)
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