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Cable Update (GBPUSD)

  • #326,601
  • Oct 10, 2012 5:33pm Oct 10, 2012 5:33pm
Quoting PoundTrader
down
I don't have a chart sorry, but tend to agree PT.
Wednesdays high just retested an interesting candle high to the left of the recent 1.63xx top. I think the daily also again closed below my 4hr channel that was broken the other day. 2 bullish retests but no luck yet. Still tough to call, market may just be teasing us still. Overall down though, but watching for bullish action from news as I find news spikes against current sentiment create nice clean channels.
Come with me if you want to live....
  • #326,602
  • Oct 10, 2012 8:36pm Oct 10, 2012 8:36pm
Quoting bguguen
You sure?? im gona sit the day out until AFTEr the US employment Datas.
im just saying im going by my system so who know's it saying down not up we will see down to 1.5940 area
  • #326,603
  • Oct 11, 2012 1:09am Oct 11, 2012 1:09am
Quoting Vilkas
glad that you made it, today was ugly day, lets have some fun tomorrow when London opens

yeah i have been expecting it..i did the same thing last night scalp the range for once

i might just wait for something to happen instead of hoping..i feel today might be down as well but down is hard to call can bounce anywhere to go up
  • #326,604
  • Oct 11, 2012 1:27am Oct 11, 2012 1:27am
Quoting nAVIN2007
yeah i have been expecting it..i did the same thing last night scalp the range for once

i might just wait for something to happen instead of hoping..i feel today might be down as well but down is hard to call can bounce anywhere to go up
What range?

Was in your neck of the woods yesterday so couldn't trade but it doesn't look like I missed much.
  • #326,605
  • Oct 11, 2012 1:38am Oct 11, 2012 1:38am
Quoting PoundTrader
im just saying im going by my system so who know's it saying down not up we will see down to 1.5940 area

Sell GBPUSD 1.6010 / 1.5930
  • #326,606
  • Oct 11, 2012 1:39am Oct 11, 2012 1:39am
Quoting nAVIN2007
yeah i have been expecting it..i did the same thing last night scalp the range for once

i might just wait for something to happen instead of hoping..i feel today might be down as well but down is hard to call can bounce anywhere to go up

Morning well we can go down that's promising but if we go up I am looking for long @1.6025
Loosening is not an option
  • #326,607
  • Oct 11, 2012 1:44am Oct 11, 2012 1:44am
Buy any pull back on GBP/USD, the pair will break upside sooner. then for the fibre, its indecisive.
Good luck & happy pips today.
forexpillariscipline & patience Trader
  • #326,608
  • Oct 11, 2012 2:08am Oct 11, 2012 2:08am
paulyjah forexpillar Buy any pull back on GBP/USD, the pair will break upside sooner. then for the fibre, its indecisive. Good luck & happy pips today. __________________ 150+ pips/trade.Trend is ur Friend. www.forexpillar.blogspot.com Are You sure gbp will going up ???
  • #326,609
  • Oct 11, 2012 2:14am Oct 11, 2012 2:14am
Quoting paulyjah
Buy any pull back on GBP/USD, the pair will break upside sooner. then for the fibre, its indecisive.
Good luck & happy pips today.
perhaps some pullback to the upside is expected, perhaps at about 6070-6100 resistance. i will just wait to short again, not going will the bull tho.. happy pippin' m8..
  • #326,610
  • Oct 11, 2012 3:54am Oct 11, 2012 3:54am
Quoting redbeben
TP down there some 100 pips will tell you later
almost...90 good enough

reloaded now @ 90and will reload a bit higher if we go to 2910 and 2930

again some 100 pips....the reason for the bounce yesterday and this morning...I told you will send the chart but price should stall @ 2812-2806 and if we close below this level H4 we go down 150 pips

will show you why
  • #326,611
  • Oct 11, 2012 3:55am Oct 11, 2012 3:55am
Quoting redbeben


enjoy enjoy enjoy

watch 5995 for a stall just scale out or trail you have 30 pips already

tmr as my last day I want to see 5900-5930 and even 5883-72 to be honest if not...kind of sad here coz I wont see my 5394

told you to watch that level
  • #326,612
  • Oct 11, 2012 3:55am Oct 11, 2012 3:55am
gu on a sell

triangle
today waiting for a break
Attached Image (click to enlarge)
Click to Enlarge Name: 126.gif Size: 14 KB
  • #326,613
  • Oct 11, 2012 3:58am Oct 11, 2012 3:58am
Quoting redbeben
forgot to tell you ....I still have the pending @ 6065-69 for short..still in play(the exact value was PM'd to some)

so we might still go there before the final drop...I would not mind to have it now but still calculations point that way...if 5995 holds
reloaded @ 6025 for 6012-6008 and 6002

we'll see if we go below 5995 and then we continue.

have a nice day and green pips.I'll be riding to the end of the rainbow today
  • #326,614
  • Oct 11, 2012 4:01am Oct 11, 2012 4:01am
The market is consolidating & acquiring energy for the next rally. its better to stand aside untill NY open.
forexpillariscipline & patience Trader
  • #326,615
  • Oct 11, 2012 4:19am Oct 11, 2012 4:19am
Quoting redbeben
reloaded @ 6025 for 6012-6008 and 6002

we'll see if we go below 5995 and then we continue.

have a nice day and green pips.I'll be riding to the end of the rainbow today

theres a slim chance it will break below 1.6..and go toward 1.59-1.57..
i been scalping 1.6 up toward 1.6013-22 area..i cannot see it breaking a range till news..

so decided to take advantage for once..1 cant believe 1.63 retest hasnt happened yet..
  • #326,616
  • Oct 11, 2012 4:25am Oct 11, 2012 4:25am
Quoting redbeben
reloaded @ 6025 for 6012-6008 and 6002

we'll see if we go below 5995 and then we continue.

have a nice day and green pips.I'll be riding to the end of the rainbow today
IMHO we already have triple bottom. Anxiously wait to go up.
deep RoT is essential for everlasting happyness
  • #326,617
  • Oct 11, 2012 4:32am Oct 11, 2012 4:32am
Quoting X.work
IMHO we already have triple bottom. Anxiously wait to go up.

probably you are right and I am wrong.or the other way around but I do not care for now.I have my plan,I stick to it,I have SL and I know price needs to go to 6065-69 till then I just ride what I get meaning 20-30 pips down then up then down and so on

I trade what I see

so....if we go up that's fine with me,I have my pending sells there

have a good day and mannnnyyy green pips
  • #326,618
  • Oct 11, 2012 4:35am Oct 11, 2012 4:35am
This is such a small range on the hourly chart that I need to see a break either side before we can know the next big move. Will wait for NY open so in meantime have been long on GJ and short dollar cad
  • #326,619
  • Oct 11, 2012 4:39am Oct 11, 2012 4:39am
Quoting nAVIN2007
theres a slim chance it will break below 1.6..and go toward 1.59-1.57..
i been scalping 1.6 up toward 1.6013-22 area..i cannot see it breaking a range till news..

so decided to take advantage for once..1 cant believe 1.63 retest hasnt happened yet..
A retest to 6300 will be quite tough mate since price must break the upper TL of the descending channel.. but i think a retest to 6120 can be quite possible.
  • #326,620
  • Oct 11, 2012 4:42am Oct 11, 2012 4:42am
Quoting A-speculator
A retest to 6300 will be quite tough mate since price must break the upper TL of the descending channel.. but i think a retest to 6120 can be quite possible.
what is the significant of 6120?
deep RoT is essential for everlasting happyness
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