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Cable Update (GBPUSD)

  • #326,061
  • Oct 8, 2012 4:12am Oct 8, 2012 4:12am
Quoting redbeben
watch the 60-65 line for a bounce to 1.6130 -41

..in case we bounce

a tight SL of 10-20 pips would just do
I'll be closing soon having ridden this down since Friday. Feel there may be a small retrace before further movement down so will look to re-enter later. Bollinger band on daily at 1.60549 so could be a bounce from there
  • #326,062
  • Oct 8, 2012 4:23am Oct 8, 2012 4:23am
Quoting gavalar
I'll be closing soon having ridden this down since Friday. Feel there may be a small retrace before further movement down so will look to re-enter later. Bollinger band on daily at 1.60549 so could be a bounce from there
just ride the limits

I'll long on eyesight from 60-65-75 to 6130-40

then short from 6141 back again

but how should I know...seeing is beliving they say so if I see I belive and jump on
  • #326,063
  • Oct 8, 2012 4:26am Oct 8, 2012 4:26am
Cable will soon rebounce. becareful with your position.
forexpillariscipline & patience Trader
  • #326,064
  • Oct 8, 2012 4:30am Oct 8, 2012 4:30am
Quoting redbeben
just ride the limits

I'll long on eyesight from 60-65-75 to 6130-40

then short from 6141 back again

but how should I know...seeing is beliving they say so if I see I belive and jump on

Morning Red,

I agree £ due for retrace, especailly after Friday, however it looks like its struggling so far this morning...

I think it would do well to get to 1.6120/1.6122
  • #326,065
  • Oct 8, 2012 4:31am Oct 8, 2012 4:31am
Quoting redbeben
watch the 60-65 line for a bounce to 1.6130 -41

..in case we bounce

a tight SL of 10-20 pips would just do
lil angel said no no no do not buy yet stupid

lil devil smacked the lil angel and jumped on the bloody mouse button and bought
in @ 6068 but I have second thoughts
M5 perfect sell but heavy S and buy orders at this 60 level

maybe a tight 6048 SL and a lot of praying
  • #326,066
  • Oct 8, 2012 4:35am Oct 8, 2012 4:35am
Quoting Freshpips
Morning Red,

I agree £ due for retrace, especailly after Friday, however it looks like its struggling so far this morning...

I think it would do well to get to 1.6120/1.6122

well I aim for 6130 just to be in between yours and my 6141 but there is one boo boo here

6076-82 is a good place to sell for some 20 pips min ....so....I'm in doubt here wether to hold it or dump it for 10 pips
  • #326,067
  • Oct 8, 2012 4:41am Oct 8, 2012 4:41am
its hanging around this 23.6 fibo on the daily which has been pretty strong support in the past so would love to see it break this. If it does, 1.59213 comes into play
  • #326,068
  • Oct 8, 2012 4:43am Oct 8, 2012 4:43am
Quoting redbeben
well I aim for 6130 just to be in between yours and my 6141 but there is one boo boo here

6076-82 is a good place to sell for some 20 pips min ....so....I'm in doubt here wether to hold it or dump it for 10 pips

10 pips is 10 pips, and if you feel thats a good sell zone then go with instinct - your not usually wrong bro
  • #326,069
  • Oct 8, 2012 4:45am Oct 8, 2012 4:45am
Quoting gavalar
its hanging around this 23.6 fibo on the daily which has been pretty strong support in the past so would love to see it break this. If it does, 1.59213 comes into play
no doubt it comes in play but still 140 pips till that point

look for pullbacks on 60 level for some 80-100 pips

still there is time till the end of this week to see 1.5900 acc to the calculations

but why not rip the market in between
  • #326,070
  • Oct 8, 2012 4:48am Oct 8, 2012 4:48am
Quoting redbeben
no doubt it comes in play but still 140 pips till that point

look for pullbacks on 60 level for some 80-100 pips

still there is time till the end of this week to see 1.5900 acc to the calculations

but why not rip the market in between
I think you may be right. 1.6100 certainly looks possible
  • #326,071
  • Oct 8, 2012 4:50am Oct 8, 2012 4:50am
Quoting Freshpips
10 pips is 10 pips, and if you feel thats a good sell zone then go with instinct - your not usually wrong bro
right

from that area 10 pips down ..how cool is that ?
all I want is another low to 6061 and there to load long

if not...10 pips is 10 pips..even if I miss this train I still have sorts trailed and 100 pips locked on one and 60 on the other one ...
  • #326,072
  • Oct 8, 2012 4:51am Oct 8, 2012 4:51am
yes I reckon if can keep the new low possible 25ish plop down then be looking for bounce /sign of buyers
If you are new to Forex? Say Goodbye to your account!!
  • #326,073
  • Oct 8, 2012 4:55am Oct 8, 2012 4:55am
Quoting redbeben
well I aim for 6130 just to be in between yours and my 6141 but there is one boo boo here

6076-82 is a good place to sell for some 20 pips min ....so....I'm in doubt here wether to hold it or dump it for 10 pips

I never would have guessed

good job lil angel,I might even start going to the church for this
  • #326,074
  • Oct 8, 2012 5:03am Oct 8, 2012 5:03am
Quoting redbeben
no doubt it comes in play but still 140 pips till that point

look for pullbacks on 60 level for some 80-100 pips

still there is time till the end of this week to see 1.5900 acc to the calculations

but why not rip the market in between
I'm taking low 1st June up to high on 21st Sept for that fibo level and its right on there. Think we will see 1.59 but want to see it break this, just dropped below actually. if its a true break next fibo is 1.59109 (a little lower than what I said earlier)
  • #326,075
  • Oct 8, 2012 5:06am Oct 8, 2012 5:06am
Quoting KiwiTrada
yes I reckon if can keep the new low possible 25ish plop down then be looking for bounce /sign of buyers

now need see if buyers are willing @50
If you are new to Forex? Say Goodbye to your account!!
  • #326,076
  • Oct 8, 2012 5:13am Oct 8, 2012 5:13am
Quoting KiwiTrada
now need see if buyers are willing @50
This is my play for her, 4hr chart, main trend is up, presently at ltl of falling chanell conflu with 200 sma,
I already have banked shorts fron utl now I have long fill tp open 10 pip sl
Attached Image (click to enlarge)
Click to Enlarge Name: Cable 4hr 8 10 2012.jpg Size: 94 KB
If you are new to Forex? Say Goodbye to your account!!
  • #326,077
  • Oct 8, 2012 5:19am Oct 8, 2012 5:19am
Quoting KiwiTrada
now need see if buyers are willing @50
Now that m15 has closed below 1.6056, I think we will see 1.6026 today which is where the buyers will be coming in again. US on holiday today, so I don't expect much price action after 16:30 BST, unless some shark decides to move the market during low volumes.

Happy trading!
  • #326,078
  • Oct 8, 2012 5:22am Oct 8, 2012 5:22am
Trades are looking fine... maybe an understatement right there....
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd weekly.gif Size: 22 KB
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #326,079
  • Oct 8, 2012 5:23am Oct 8, 2012 5:23am
Quoting redbeben
I just feel like 1.6080 as second TP and 1.6026 as last TP...dunno why
now which one first ? 6026 or 6130?

pick one quick
  • #326,080
  • Oct 8, 2012 5:25am Oct 8, 2012 5:25am
Quoting bguguen
Trades are looking fine... maybe an understatement right there....
Attachment

looks good!!..
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