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Cable Update (GBPUSD)

  • #293,361
  • Nov 29, 2011 4:42am Nov 29, 2011 4:42am
the daily range for GU is exhausted. People might start looking at what they did
  • #293,362
  • Edited 5:03am Nov 29, 2011 4:44am | Edited 5:03am
above current hi:

5652-54 prev 1hr sw hi zone incl 5651/55 = 85.4% 5691-5422 and 50% 5888-5422 and Daily R2 @/around 5655
5658-68 prev 1hr sw hi zone

[ 5672-91 prev 4hr/1hr sw hi zone incl 5675 = Wkly R1 @/around and 5677 = 38.2% 6092-5422
[ 5685-5715 prev Dly/4hr sw lo zone x 2 incl 5692 = 38.2% 6128-5422 and 5704/10 38.2% 6165-5422/61.8% 5888-5422 and 5715 = Daily R3 @/around

5735-40 prev 1hr sw lo x 2 zone
5754-66 prev 4hr/1hr sw lo/hi zone incl 5756 = 50% 6092-5422
5776/78 50% 6128-5422/76.4% 5888-5422
5792 50% 6165-5422
5802-06 prev 1hr sw hi zone
5820 85.4% 5888-5422
5833/36 Mthly Pivot/61.8% 6092-5422
5859 61.8% 6128-5422
5862-75-88 prev Dly/4hr/1hr sw hi zone incl 5880 = 61.8% 6165-4422
5912-31 prev 4hr sw hi zone incl 5919 Wkly R2 @/around and5932 = 76.4% 6092-5422
5963 76.4% 6128-5422

Price range today @ 124% of the 20 day atr so far, this week @ 57% of the 20 week atr so far, and this month @ 106% of the 20 month atr so far.

G/L
ex member
  • #293,363
  • Nov 29, 2011 5:01am Nov 29, 2011 5:01am
Quoting gsantri
From some daily charts it looks that sentiment still in risk aversion
4 days not in trade my vision seems blurred lol. market sentiment changed quickly this time.
or maybe I've been ignoring daily GBPAUD there was obvious reversal.

Will look to buy dips.
  • #293,364
  • Nov 29, 2011 5:24am Nov 29, 2011 5:24am
85 pips on this pair this morning. TP was what looked like would be good resistance. Lets see if it has a repeat of yesterday afternoon....
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  • #293,365
  • Nov 29, 2011 5:26am Nov 29, 2011 5:26am
multiple sells @ 1.56450 area, aiming for 1.54900 area
  • #293,366
  • Nov 29, 2011 5:28am Nov 29, 2011 5:28am
good luck Red i was kinda thinking that 1.57 ish is on the cards

Quoting redsword11
multiple sells @ 1.56450 area, aiming for 1.54900 area
  • #293,367
  • Nov 29, 2011 5:30am Nov 29, 2011 5:30am
5652-54 prev 1hr sw hi zone incl 5651/55 = 85.4% 5691-5422 and 50% 5888-5422 and Daily R2 @/around 5655 ...potential resistance factors confluence at the current hi..been a pullback from there, 1,3,5min regular bearish div plays there...intraday seems strong bullish so far ...will Uk chancellor's Autumn statement and likely dovish GDP growth forecasts etc affect this sentiment ? It's coming shortly.

Time will tell

G/L
ex member
  • #293,368
  • Nov 29, 2011 5:31am Nov 29, 2011 5:31am
Good day to you,

Entered short for a scalp.. I use MACD hybrid type indi with my major trendlines to look for overbought / oversold areas. A touch gives me the scalp attempt. But SL always tight on these...

SL placed just above upper level of daily channel by high @ 1.5666

Will see...

Regards
Attached Image (click to enlarge)
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  • #293,369
  • Nov 29, 2011 5:36am Nov 29, 2011 5:36am
closed all

+101
Have I got something on my face, SOLDIER?
  • #293,370
  • Edited 5:56am Nov 29, 2011 5:36am | Edited 5:56am
It may use 5590 area as support before another upward move to 5700 area, or smash through that and go down to the 1.5520 area or lower, we shall see...
  • #293,371
  • Nov 29, 2011 5:37am Nov 29, 2011 5:37am
Quoting redsword11
multiple sells @ 1.56450 area, aiming for 1.54900 area

Attached Image (click to enlarge)
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  • #293,372
  • Nov 29, 2011 5:39am Nov 29, 2011 5:39am
Quoting bumapatria
closed all

+101
Gmff,

Very nicely done.

Regards
  • #293,373
  • Nov 29, 2011 5:39am Nov 29, 2011 5:39am
in my opinion, the bias is still to the north side. So far, this looks like a ''healthy '' retracement, but will watch closely.
  • #293,374
  • Nov 29, 2011 5:44am Nov 29, 2011 5:44am
i love this thread already (mostly tau)

thanks for warm welcome everyone make some more pips im leaving for my jiujitsu class
Have I got something on my face, SOLDIER?
  • #293,375
  • Nov 29, 2011 5:52am Nov 29, 2011 5:52am
Quoting markot
in my opinion, the bias is still to the north side. So far, this looks like a ''healthy '' retracement, but will watch closely.
I agree, looking at daily right now it looks like its bounced off 5300 / 5400 support and a large up move is starting towards the 1.6200 area or even 6500, one can hope!
  • #293,376
  • Edited 6:19am Nov 29, 2011 5:57am | Edited 6:19am
Hello everybody,

Strength in cable cut through 1.5600 with ease early LDN session.
Bullish momentum is still intact prompting for long entries under favorable conditions.

I'm opening long positions here @ 1.5624
Attached Image (click to enlarge)
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Hear the music before the song is over ...
  • #293,377
  • Nov 29, 2011 5:59am Nov 29, 2011 5:59am
As I stated last week, my target of 1.56900 will be hit..price went a lil over 100 pips against my entry of 155640.thats 260 pips higher..if you're long, stay that way..if you're not in, I suggest you enter long until my target is reached.

This is all very easy to understand..no mumbo jumbo..very simple..just stay long to 1.56900
entry - 1.29250 s/l 200 pips
  • #293,378
  • Nov 29, 2011 6:01am Nov 29, 2011 6:01am
Quoting GDR3k
I agree, looking at daily right now it looks like its bounced off 5300 / 5400 support and a large up move is starting towards the 1.6200 area or even 6500, one can hope!

The 1.5620 is still holding, as i write this ...and 1.565 is 61.8% retracement zone from previous week range. As long as it stays above 50% (around 1.5600), i vote for North.
  • #293,379
  • Nov 29, 2011 6:02am Nov 29, 2011 6:02am
Quoting redsword11
Attachment


out lower sells @ 1.55200
  • #293,380
  • Nov 29, 2011 6:08am Nov 29, 2011 6:08am
Quoting normfx
As I stated last week, my target of 1.56900 will be hit..price went a lil over 100 pips against my entry of 155640.thats 260 pips higher..if you're long, stay that way..if you're not in, I suggest you enter long until my target is reached.

This is all very easy to understand..no mumbo jumbo..very simple..just stay long to 1.56900
Good day to you,

I remember the post... would you care to share a bit more of how you approach your trading / decision making? You do sound confident and some may enterpret that as arrogance...

Whats your winning ratio?

Regards
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