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Cable Update (GBPUSD)

  • #327,121
  • Oct 17, 2012 4:35am Oct 17, 2012 4:35am
Quoting PoundTrader
any body know where we gonna top off today http://www.pic4ever.com/images/connie_mini_bump.gif

1.6167
  • #327,122
  • Oct 17, 2012 4:35am Oct 17, 2012 4:35am
Quoting PoundTrader
any body know where we gonna top off today http://www.pic4ever.com/images/connie_mini_bump.gif

this is actually the top i think
  • #327,123
  • Oct 17, 2012 4:37am Oct 17, 2012 4:37am
Quoting redbeben
nooo way,really? I'm living in Spain

at one point I was flooded in my house and needed to repaint it all and change things....washing machine,water heater....

it took them 1 month to change the washing machine and 3 months to change the water heater.

painting....I did it myself

everytime I called them they said ''manana''

I'll post a clip later with the english construction workers ...I took the clip long time ago and it is amaaaazinnnnggg
well to be fair here and I know all construction workers have a reputation as shovel leaners but I just had an extension built and they did a great job and finished in 8 weeks. It helped that my Mrs wanted to know the insides of a cats ass every day so they wanted out as quick as possible
  • #327,124
  • Oct 17, 2012 4:39am Oct 17, 2012 4:39am
Quoting PoundTrader
any body know where we gonna top off today http://www.pic4ever.com/images/connie_mini_bump.gif
I would say sell already

EU have fibo and GU strong trend lines

So i say GU only sell

EU possible buy
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  • #327,125
  • Oct 17, 2012 4:44am Oct 17, 2012 4:44am
Quoting wasabeclaw
1.6167
  • #327,126
  • Oct 17, 2012 6:23am Oct 17, 2012 6:23am
sold 6175 sl up there tp 5750
  • #327,127
  • Oct 17, 2012 6:33am Oct 17, 2012 6:33am
Quoting redbeben
1.01 to 1.017 is a strong S area

1.0394 still in play so a long in this area now is a good RR

but I am talking W charts here ..not my style

so...I doubt 1.01 will give way for now....or at least till the end of year

hmmm....what can I say? 10 days cycle on AUD ?

0387 would be a top I reckon but if you were long from 0170 it's fine to bailout now retrace could happen soon....but on the other side what's 40 more pips on this move ?

as soon as I spot something else I'll give a shout
  • #327,128
  • Oct 17, 2012 6:34am Oct 17, 2012 6:34am
Quoting redbeben
sold 6175 sl up there tp 5750
if in the next 2 h max we don't see 6145 I'll bail out
  • #327,129
  • Oct 17, 2012 6:37am Oct 17, 2012 6:37am
Quoting redbeben
hmmm....what can I say? 10 days cycle on AUD ?

0387 would be a top I reckon but if you were long from 0170 it's fine to bailout now retrace could happen soon....but on the other side what's 40 more pips on this move ?

as soon as I spot something else I'll give a shout

I took a short on AUDUSD @ 1.0335 - 1.0330/1.0340 proved to be strong zone on H4 from Mid September... Was looking for a rejection... Not happened yet
  • #327,130
  • Oct 17, 2012 6:42am Oct 17, 2012 6:42am
Quoting Freshpips
I took a short on AUDUSD @ 1.0335 - 1.0330/1.0340 proved to be strong zone on H4 from Mid September... Was looking for a rejection... Not happened yet

1.0387 is 50% fibo from the move 1.0622 to 1.0151 so could look to add position there if current levels dont hold...
  • #327,131
  • Oct 17, 2012 6:43am Oct 17, 2012 6:43am
Quoting Freshpips
I took a short on AUDUSD @ 1.0335 - 1.0330/1.0340 proved to be strong zone on H4 from Mid September... Was looking for a rejection... Not happened yet
Perhaps tmrw after the China GDP data comes in?
  • #327,132
  • Oct 17, 2012 6:44am Oct 17, 2012 6:44am
Quoting redbeben
sold 6175 sl up there tp 5750
Loooking good
Loosening is not an option
  • #327,133
  • Oct 17, 2012 6:46am Oct 17, 2012 6:46am
Quoting Snooze
Perhaps tmrw after the China GDP data comes in?
that guaranteed to push a big move either way. Make sure you have a decent sl in place if trading aussie throughout Asia session
  • #327,134
  • Oct 17, 2012 6:47am Oct 17, 2012 6:47am
Quoting Snooze
Perhaps tmrw after the China GDP data comes in?

Yes perhaps, I was expecting more of a bounce from this area though...

I was looking on H4 and had some strong rejections on 11/9, 26/9, 1/10 before breaking down on 2/10. This is the first time its been hit since so I was expecting some sort of rectracement at least...
  • #327,135
  • Oct 17, 2012 6:49am Oct 17, 2012 6:49am
Quoting Freshpips
Yes perhaps, I was expecting more of a bounce from this area though...

I was looking on H4 and had some strong rejections on 11/9, 26/9, 1/10 before breaking down on 2/10. This is the first time its been hit since so I was expecting some sort of rectracement at least...
Good.
forexpillariscipline & patience Trader
  • #327,136
  • Oct 17, 2012 6:50am Oct 17, 2012 6:50am
Quoting paulyjah
Good.

Sorry?
  • #327,137
  • Oct 17, 2012 6:54am Oct 17, 2012 6:54am
Quoting Vilkas
Loooking good
so far yes but I'll stick to the time span

if we go there in 25 min even better if not we might bounce from 6155
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  • #327,138
  • Oct 17, 2012 8:05am Oct 17, 2012 8:05am
Quoting PoundTrader
any body know where we gonna top off today http://www.pic4ever.com/images/connie_mini_bump.gif
it was a joke guys, you can't predict the top or bottom http://www.pic4ever.com/images/bath.gif
  • #327,139
  • Oct 17, 2012 8:14am Oct 17, 2012 8:14am
Got in. TP 1.610 SL 1.618
As soon as it hits the upward TL, SL=BE
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  • #327,140
  • Oct 17, 2012 9:01am Oct 17, 2012 9:01am
Quoting redbeben
if in the next 2 h max we don't see 6145 I'll bail out
scaled out @ 45 but now I wonder if we go down or push up in the next hour or so

below 6145 we have 6120 as bouncer

let's see what happens in this moody market
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