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Cable Update (GBPUSD)

  • #327,521
  • Oct 19, 2012 7:12am Oct 19, 2012 7:12am
make this one LARGE Chris !! haha

Red!


Quoting albchr
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #327,522
  • Oct 19, 2012 7:12am Oct 19, 2012 7:12am
Quoting albchr
this baby is on the verge of shooting right down through it....push baby push!!
  • #327,523
  • Edited 7:45am Oct 19, 2012 7:15am | Edited 7:45am
Quoting albchr
I NEVER would have thought of "that" reason.
hey Chris, good to see you. Long time!

Yeah, I would have never thought that one up either. Just goes to show truth is stranger than fiction.

Quoting nAVIN2007

I did mention it..but was kidding completely..we look to see where price is going and simply follow it..no time for the other stuff..but it is great to see how people think..diversity is the key to life..

nice to hear from u
hey mate, hope everything's good.

lol... so it was you!

I knew you were joking, but you know someone out there probably believes it's true....



anyway, I haven't traded GU in a while, but after yesterday's move, it has my attention again.


.
  • #327,524
  • Oct 19, 2012 7:45am Oct 19, 2012 7:45am
trend still down
  • #327,525
  • Oct 19, 2012 7:58am Oct 19, 2012 7:58am
Quoting Bones
make this one LARGE Chris !! haha

Red!
Awww... had to get the morning routine for Mom going. May have missed the "best" chance but will add as high as possible...LOL
Ghost Rider - WWTBMD?
  • #327,526
  • Oct 19, 2012 8:00am Oct 19, 2012 8:00am
Quoting Fudomyo
hey Chris, good to see you. Long time!

Yeah, I would have never thought that one up either. Just goes to show truth is stranger than fiction. .
Good to see you too brother. Yep, been two years since I traded and even longer since last time in the J16 thread.

Hope life is good to you always!
Ghost Rider - WWTBMD?
  • #327,527
  • Oct 19, 2012 8:10am Oct 19, 2012 8:10am
euro probably topped out for the day. 1.6050 reloaded
  • #327,528
  • Oct 19, 2012 8:12am Oct 19, 2012 8:12am
Quoting Nachiket
euro probably topped out for the day. 1.6050 reloaded
looking at 1.6000 now. anybody with me.
  • #327,529
  • Oct 19, 2012 8:16am Oct 19, 2012 8:16am
Quoting Nachiket
looking at 1.6000 now. anybody with me.
if it only managed to break through that TL support line, we would be there in no time.
  • #327,530
  • Oct 19, 2012 8:18am Oct 19, 2012 8:18am
Quoting Freshpips
reloaded @ 1.6064
positions closed @ 1.6038
1.6061 closed for + 23
1.6064 closed for + 26

+49 for the day.

Dont like Fridays..

Im done for the day.

Have a good weekend boys and girls
  • #327,531
  • Oct 19, 2012 8:19am Oct 19, 2012 8:19am
Quoting Raftron
if it only managed to break through that TL support line, we would be there in no time.
i think we will see a candle similar to 6 pm GMT yesterday. I think we can even go to 1.5950
  • #327,532
  • Oct 19, 2012 8:23am Oct 19, 2012 8:23am
Been a slow week on Cable for myself, with most of the moves happening at the back end of the New York Session. Hoping to see some progress for the final two weeks of this month. Current GU trading system is sat at a moderate +12.63% for the month of October.

Jezz
I AM BIASED - MY THOUGHTS ARE AGAINST YOURS
  • #327,533
  • Oct 19, 2012 8:25am Oct 19, 2012 8:25am
Fontu be aware of the huge cup that has formed on the weekly before this little correction. Now we may be in the handle period which I would create a slight downchannel possibly to the 1700 are + or - 25 usd for spikes.

The pattern would suggest a breakout to come north after the handle completes which would in turn and time obliterate 1900.

BTW: there are no supporting fundamentals to support any move to 1032 or -740 usd

The uptrend on the weekly is still well intact.

Quoting fontu
morning , gold situation weekly now, weekly candle expecting breaks 1714, next week 1685 to have a candle up for ranging before further down possible towards limit values 1640 > 1589, am still biases for my yearly , biyearly limit 1032 !! huge crush all those looking up , worlds economy .. so others may to follow as per.
fontu

au, eu trying still up or range up to see at the same time this weekend & start next also.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #327,534
  • Oct 19, 2012 8:28am Oct 19, 2012 8:28am
Quoting Nachiket
i think we will see a candle similar to 6 pm GMT yesterday. I think we can even go to 1.5950
i strongly agree with you friend and i think it is likely to start with us news in 10 am.
  • #327,535
  • Oct 19, 2012 8:33am Oct 19, 2012 8:33am
i see the same kind of drop like yesterday
  • #327,536
  • Oct 19, 2012 8:39am Oct 19, 2012 8:39am
Are you guys just playing around with ideas, or do you have a fundamental or technical reason behind such a comment. I for one don't see such a strong move occurring as per yesterdays PA.
I AM BIASED - MY THOUGHTS ARE AGAINST YOURS
  • #327,537
  • Oct 19, 2012 8:42am Oct 19, 2012 8:42am
nothing changes technically. bear still in command till 1.6095 breaks.I am surprised by this spike. Have to say that
  • #327,538
  • Oct 19, 2012 8:44am Oct 19, 2012 8:44am
They really have no idea what they're talking..... H4 showing signs of possible sign of a bullish divergence, i cant show chart cuz im on the road.... If current h4 candle close above 200ema h4 which is at 1.60556, theres chance we'll revisit 1.6085 fibo, of which i hate cuz im bearish sooo illl be loading shorts up there if its a confirmed bullish divergence
Im a long term bear but if h4 closes as a confirmed bullish divergence then we may have a small rally again
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #327,539
  • Oct 19, 2012 8:45am Oct 19, 2012 8:45am
Quoting Nachiket
nothing changes technically. bear still in command till 1.6095 breaks.I am surprised by this spike. Have to say that
Attached Image (click to enlarge)
Click to Enlarge Name: spike.JPG Size: 42 KB


What spike, GU is well within its range for the day...

Image is 1H TF in GU....
I AM BIASED - MY THOUGHTS ARE AGAINST YOURS
  • #327,540
  • Oct 19, 2012 8:48am Oct 19, 2012 8:48am
Quoting bguguen
They really have no idea what they're talking..... H4 showing signs of possible sign of a bullish divergence, i cant show chart cuz im on the road.... If current h4 candle close above 200ema h4 which is at 1.60556, theres chance we'll revisit 1.6085 fibo, of which i hate cuz im bearish sooo illl be loading shorts up there if its a confirmed bullish divergence
Im a long term bear but if h4 closes as a confirmed bullish divergence then we may have a small rally again

agreed. good analysis. i was actually thinking it may hit 1.6095 when it came down to 1.6060 yesterday but it didn't. just hedged my shorts with small longs. let me know what we should do next
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