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Cable Update (GBPUSD)

  • #327,181
  • Oct 17, 2012 4:50pm Oct 17, 2012 4:50pm
Quoting redbeben
if we close below that line in the sand I can give you the exact levels as in 6131 first stop (where a small bounce to 6145 is expected) and last stop 6114-16
that one needs to be looked for a bounce up of 10 pips
but again I have to stress out that we need it by the end of the day so 4 hours left and counting
time's up in 12 min and 18 pips away

maybe we'll make it maybe we won't I could not care less now as I am heading to bed now
  • #327,182
  • Oct 17, 2012 5:02pm Oct 17, 2012 5:02pm
Quoting redbeben
time's up in 12 min and 18 pips away

maybe we'll make it maybe we won't I could not care less now as I am heading to bed now
Me toooo I can not see even a monitor
Loosening is not an option
  • #327,183
  • Oct 17, 2012 5:25pm Oct 17, 2012 5:25pm
search for sell setup on GBP/USD arn 1.6150/70 . the setup use to occur within the 2nd-3rd hourly of European market open bell.
Good luck & see you tommorow.
forexpillariscipline & patience Trader
  • #327,184
  • Oct 17, 2012 5:59pm Oct 17, 2012 5:59pm
Quoting nAVIN2007
chart for u red..8 hr
I have a similar outlook nAV

I was playing around with linear regression channels yesterday and going from this years low to most recent high just above 63 on the weekly, hints we could double bottom with May at 52xx.
Come with me if you want to live....
  • #327,185
  • Oct 17, 2012 7:41pm Oct 17, 2012 7:41pm
Looking good for shorts so far
Make pips, not war!
  • #327,186
  • Oct 17, 2012 8:51pm Oct 17, 2012 8:51pm
http://www.easyfreesmileys.com/smile...mileys-964.gif
  • #327,187
  • Oct 17, 2012 10:43pm Oct 17, 2012 10:43pm
If you draw a trend line from the GBP/AUD Sep/Oct peaks and draw a parallel line from the Sep low, we have just passed through the support line which coincides with points of support/resistance going back to June 2011 as well as where GBP/AUD bounced five days ago.

I think this is a better technical set-up than GBP/USD. A possible retest and rejection in the area of 1.555 and 1.575 for confirmation would be ideal.
You can always make money tomorrow provided you don't lose it today.
  • #327,188
  • Oct 17, 2012 10:45pm Oct 17, 2012 10:45pm
Good day to you,

Short entered on both GU and EU. GU on 30min and EU entry on 4hr. No trade on Renko at present - so over to normal charts.

EU 4hr may be the trade with a good RR. GU 4hr not set up the same - but wishing for correlation.

regards
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  • #327,189
  • Oct 17, 2012 11:52pm Oct 17, 2012 11:52pm
this shit continues to trade in range. may be retail sales will move it either ways
  • #327,190
  • Oct 18, 2012 2:30am Oct 18, 2012 2:30am
waiting to break 6119
Make pips, not war!
  • #327,191
  • Oct 18, 2012 2:34am Oct 18, 2012 2:34am
i think we should put attention on fiba.

what will be the reaction
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  • #327,192
  • Oct 18, 2012 2:35am Oct 18, 2012 2:35am
watch out cable...!
  • #327,193
  • Oct 18, 2012 2:36am Oct 18, 2012 2:36am
Quoting redbeben
if we close below that line in the sand I can give you the exact levels as in 6131 first stop (where a small bounce to 6145 is expected) and last stop 6114-16

that one needs to be looked for a bounce up of 10 pips


but again I have to stress out that we need it by the end of the day so 4 hours left and counting
close enough

anyway it was good for 55 pips already ,50 pips on EU from 3132 and even 20 on uchf (I gave the call on PM with all targets and SL )

clear targets in sight on all but I will only send PM for obvious reasons

the only clear one is AUD posted yesterday...yes we go 1.0180

today will be the bussiest day of my life so I will not have time to post often.

the ones interested in levels just gimme a shout on PM and I'll try to help out
  • #327,194
  • Oct 18, 2012 2:39am Oct 18, 2012 2:39am
Redbeben, thanks for the call on CHF, so far so good.

I read that positive data re retail sales in UK is about to come out in an hour, wonder if this might push GBP back up?

I also watching gbp/jpy which buonced off the top fibo level of the move that took place between 5.10 and 11.10. Now testing trend support line.
  • #327,195
  • Oct 18, 2012 2:41am Oct 18, 2012 2:41am
Quoting Raftron
Redbeben, thanks for the call on CHF, so far so good.

I read that positive data re retail sales in UK is about to come out in an hour, wonder if this might push GBP back up?

I also watching gbp/jpy which buonced off the top fibo level of the move that took place between 5.10 and 11.10. Now testing trend support line.
Its EXPECTED, and i think the whole move up was pricing in for an good expectation... so id say GBPUSD will fall if the data comes out bad....

its Forcasted to be better than previous but will it be better than forecast is the question to move higher....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #327,196
  • Oct 18, 2012 3:06am Oct 18, 2012 3:06am
Quoting Raftron
Redbeben, thanks for the call on CHF, so far so good.

I read that positive data re retail sales in UK is about to come out in an hour, wonder if this might push GBP back up?

I also watching gbp/jpy which buonced off the top fibo level of the move that took place between 5.10 and 11.10. Now testing trend support line.
just keep an eye on the mentioned levels and keep them for yourself...do not post them on forum if you still want those levels (monkeys read forums and report to 2 buttoned heads in the bank)

more than that just look how I trade,I scale out and BE asap.if you're in profit start thinking of the next move
  • #327,197
  • Oct 18, 2012 3:10am Oct 18, 2012 3:10am
Quoting redbeben
if we close below that line in the sand I can give you the exact levels as in 6131 first stop (where a small bounce to 6145 is expected) and last stop 6114-16

that one needs to be looked for a bounce up of 10 pips


but again I have to stress out that we need it by the end of the day so 4 hours left and counting

nooo waayyyyyyy ....impossible 10 pips ????who said that
  • #327,198
  • Oct 18, 2012 3:16am Oct 18, 2012 3:16am
Quoting redbeben
nooo waayyyyyyy ....impossible 10 pips ????who said that
i got a large short at 1.6150 any idea where i should aim for TP?? i have 1.6100 initially as its the monthly pivot but im intrigued to push it down to 1.6060 if PA shows bearish. but i got fib support a 1.6085... its a mess...
any suggestions?
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #327,199
  • Oct 18, 2012 3:23am Oct 18, 2012 3:23am
Quoting bguguen
i got a large short at 1.6150 any idea where i should aim for TP?? i have 1.6100 initially as its the monthly pivot but im intrigued to push it down to 1.6060 if PA shows bearish. but i got fib support a 1.6085... its a mess...
any suggestions?
mate I'm in from 6175 and now @ BE

your trade would be great with 6188-90 SL and tp 6063(remember the year my dad was born)-75(previous R and S) and last one 6035(a good year for the red Burgundy wine) (35-25 area is strong) from where expect 40 pips bounce back to 63-75 area

last 5981-84 but it will take some time...and there again we go to 6035 for another bottle of wine

if I was you I'd have those levels in mind and trail from the last one

just look that I gave you not only the down levels but the bounces as well so if you are brave enought you can hold the shorts despite the bounces(I trade them as well)

anyway,hope it helps

I'll try to detail the levels later coz now I'm on the run
  • #327,200
  • Oct 18, 2012 3:25am Oct 18, 2012 3:25am
last 1hr closed as a master bearish thrust engulfing...4hr shows the current support. Fibs of the major swings up to 6177 not shown on 4hr pic below. The previous swing lo is more obvious on 1hr and 2 x fibs there as well.

20 day atr down to 81 now

G/L
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