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Cable Update (GBPUSD)

  • #328,501
  • Oct 29, 2012 2:04am Oct 29, 2012 2:04am
Quoting ndsouz
I think market is going to "tank" against the dollar everywhere in USA session. A reason for volatility "FrankenStorm"
when you say Tank Againist the Dollar = making it weaker or stronger? Confuse with this part.
  • #328,502
  • Oct 29, 2012 2:08am Oct 29, 2012 2:08am
Looks like it'll shoot down 100 points today. may be 5960-70 is reachable.
When Scalpers win, I lose and Vice varsa...
  • #328,503
  • Oct 29, 2012 2:27am Oct 29, 2012 2:27am
G/M,

15min shows the previous support becomes resistance (sbr)....support at the current daly lo in the previous 1hr/4hr swing hi as resistance becomes support (rbs) around 61.8% 6008-6143 shown on 1Hr below

41% of 20 day atr covered so far today.

G/L
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ex member
  • #328,504
  • Oct 29, 2012 2:38am Oct 29, 2012 2:38am
Quoting ndsouz
see those candles between 1.6145 and till now.. all shitty candles with bull and bear fight but no clear direction....no?
i agree that reaction to slow

this fake break up strong signal down
but its going down to slow
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  • #328,505
  • Oct 29, 2012 2:48am Oct 29, 2012 2:48am
only thing bothering me i that if the storm turns out to be costly in terms of damage, this often results in the currency (dollar in this instance) diving. Still short from 875 this morning, set to BE but will move to trailing stop should we see some further downside later this morning
  • #328,506
  • Oct 29, 2012 2:54am Oct 29, 2012 2:54am
Quoting Snooze
when you say Tank Againist the Dollar = making it weaker or stronger? Confuse with this part.
weak against the dollar bro lol
To Your Success!!
  • #328,507
  • Oct 29, 2012 3:14am Oct 29, 2012 3:14am
Quoting ndsouz
weak against the dollar bro lol
LOL Thanks! If Hurricane Sandy or whatever they call it causes Massive damage, Isn't it gonna weaken the Dollar? I check 26 Aug 2005 when Katrina hit, It went up before dropping way down.
  • #328,508
  • Oct 29, 2012 3:59am Oct 29, 2012 3:59am
Quoting Snooze
LOL Thanks! If Hurricane Sandy or whatever they call it causes Massive damage, Isn't it gonna weaken the Dollar? I check 26 Aug 2005 when Katrina hit, It went up before dropping way down.
Yes! Thats why all will sell dollar thinking it will weaken, but alas.. later they will found out they were just "providing liquidity" for dollar buyers
To Your Success!!
  • #328,509
  • Oct 29, 2012 4:01am Oct 29, 2012 4:01am
Quoting Snooze
LOL Thanks! If Hurricane Sandy or whatever they call it causes Massive damage, Isn't it gonna weaken the Dollar? I check 26 Aug 2005 when Katrina hit, It went up before dropping way down.
Good check Snooze. Should I sell GU today, then buy tomorrow (!?)
  • #328,510
  • Oct 29, 2012 4:07am Oct 29, 2012 4:07am
Just for time-past till USA session starts (or doesn't starts)
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To Your Success!!
  • #328,511
  • Oct 29, 2012 4:13am Oct 29, 2012 4:13am
pending buy at 6052 stop 6047 tp recent high or above

GL
Learning Requires Failure
  • #328,512
  • Oct 29, 2012 4:23am Oct 29, 2012 4:23am
Quoting tirmizi
pending buy at 6052 stop 6047 tp recent high or above

GL

thats a good buy setup bro.
  • #328,513
  • Oct 29, 2012 4:46am Oct 29, 2012 4:46am
Quoting tirmizi
pending buy at 6052 stop 6047 tp recent high or above

GL
Your stop is too tight. Look at h4 and you will find resistance which was previous support @ 6045. Cable also has a tendency to spike so if I were to go long, I would put my SL @ 6040 or lower.

I am not trading today but I wish you success with your trade!
  • #328,514
  • Oct 29, 2012 4:47am Oct 29, 2012 4:47am
Quoting ForexRatVN
Good check Snooze. Should I sell GU today, then buy tomorrow (!?)
LOL. Trade what the chart tells u. I just see the history for Reference only.
I am not sure where is this heading as well. GBPUSD is hanging around 200EMA.
  • #328,515
  • Oct 29, 2012 4:59am Oct 29, 2012 4:59am
Quoting tirmizi
pending buy at 6052 stop 6047 tp recent high or above

GL
Dollar_Index still northbound. 3mins before USA session doesn't open.
Attached Image (click to enlarge)
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To Your Success!!
  • #328,516
  • Oct 29, 2012 5:12am Oct 29, 2012 5:12am
I see a diagonal triangle stated from 1.63090 on h4 time frame in my chart and below it is the moving average of the MACD which is signaling sell for this week.if we study the chart the cable knocked the upper line of the triangle last week and is on its way down to the lower line .if it passes 1.60490 well the next target we may see is 1.58500
There is no randomness. It is just Chaos, a higher form of order.
  • #328,517
  • Oct 29, 2012 5:46am Oct 29, 2012 5:46am
20 pip move came from no where. I think 1.6050 got triggered
  • #328,518
  • Oct 29, 2012 5:48am Oct 29, 2012 5:48am
Starting to build long position for the rest of the week, from now. Bullish reaction last week is still on,imho, and this is just correcting that. If so, these prices start to be interesting.
  • #328,519
  • Oct 29, 2012 5:48am Oct 29, 2012 5:48am
Quoting Nachiket
20 pip move came from no where. I think 1.6050 got triggered
see 1.6075 back on course
  • #328,520
  • Oct 29, 2012 5:49am Oct 29, 2012 5:49am
Quoting elizo
Starting to build long position for the rest of the week, from now. Reaction last week is still on, and this is just correcting that. If so, these prices start to be interesting.

don't think positions can be build for the week. but for today yes
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