Cable Update (GBPUSD)

Grabbed a quick 22 pips on that last 30 minute!

you mean going down tonight?

Hmm, the funnies still playing havoc, and rumour rife of ECB putting a little money on the table. Still, I'm not sure the Greenback is convinced, and the Eurobond notion is, well, still a notion at the mo. I think the numbers out of the US - and they are a more accurate reflection of production than the first set - would suggest that the US is still able to produce stuff.

The Chinese seem to have told Europe to Fluck Cof, and who can blame them for not giving anymore money to Europe when they have their own problems; problems that they can force a solution to, unlike the European dictators, who, ostensibly, are running around with their heads in their arses as they try to decide how best to get what they possibly can before the whole stinking fraud comes crashing down.

And so I still have faith in money trying to hit a safe haven in the most liquid of all pieces of toilet paper. And so to the Dollar I still think money will flow until January... ECB press printing meeting.

Still short from this submission:

http://www.forexfactory.com/showthre...95#post5147895

...and still hold the same sentiment that with the coupling that is currently being seen between EU and GU, (basically Dollar strength everywhere) that a submission of an EU position is reflective of any similar position taken with GU.

l often follow FTSE alongside cable

I tend to follow these gentleman.



Redsworld11, like your trading my good man. (I make an assumption on gender, and so do not intend to offend if you are, well, not a dude.)

old classic

Michael Schenker... Now there's a name I haven't heard in some time.

Ah, Redsword11, these young 'uns don't know music any more. Well, that's not true, but feel qualified to say that now at my age.

yeah, the old school had grunt and muscle in the play, nowadays everything like a playstation game, all false






thats me, holiday in Australia a few years ago

blew through first cap to upper cap


now, further PA .............. will in range or break south

hello all friends..i junior member ....hope you all can share n help me in forex..

i see gbpusd have potential...go tu 161.8% fibonacci

http://my.jetscreenshot.com/6252/m_2...jmg1-112kb.jpg

got a light sell still running, scalping north

3 x LH's and 3 x LL's now on daily t/f - with today's (Tuesday's) current lo @ 5581. 4hr too is in an overall price action downtrend. 50sma remains below it's 100sma - which in turn is below it's 200sma on daily and 1hr. On the 4hr - whilst the 50sma is below the 100sma, the 100sma remains above the 200sma. Got that ? Lol ! Price remains below all the sma's mentioned (200, 100 and 50) on daily, 4hr and 1hr.

Tuesday's current daily hi (5691) came at the previous daily minor swing lo/prev 4hr/prev 1hr swing lo zone just short of 50% of the 1hr swing 5806-said 5581.

The main 4hr and 4hr/daily and 4hr/daily/weekly swings down to current 5581 lo are from 6165, 6128, 6092, and 5690 and I have fibs drawn from these swing hi's to that current 5581 lo on the 4hr chart.

Looking at the 1hr chart, price is in some range consolidation mid way between said current daily hi - 5691 and current daily lo-5581 with only 74% of the 20 day atr being covered by price so far today.

Fibs on the 1hr drawn from 5806, 5766 and today's current hi - 5691 to said 5581 and that near-term current screenshot is below. The upside confluences of potential resistance/sbr factors are easy to spot/work out given the info above.

To the downside @/about today's current lo and below is described under: (not inclusive of Daily Pivots)


5554-5549-5540 prev daily/4hr sw lo zone
5504-5490 prev dly/4hr sw hi zone incl 5501 = Monthly S1 @/around
5481 76.4% 5270-6165
5459 Weekly S2 @/around
5386 85.4% 5270-6165
5336-5319-5270 prev weekly/daily/4hr swing lo zone
5231 Weekly S3 @/around
5194 61.8% 4225-6746

G/L

Daily Wrap - USD: Today was a quite day for the dollar index closing slightly down, with a bank holiday in Japan... http://t.co/zQc385r7

http://my.jetscreenshot.com/6252/m_2...wek0-108kb.jpg

my prediction sir redsword....
i see us dollar index have potential sell...

S/D has created a triangle, can resolve quickly EITHER way

hope us dollar index break trendlines sell..


http://my.jetscreenshot.com/6252/m_2...it8m-108kb.jpg

yes, noticeably the gaps inbetween the pullbacks to that uptl have shortened, this does imply increasing supply as it goes higher


yep, PA does suggest a break south

I do not understand...your prediction buy or sell?

out some, locked