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Cable Update (GBPUSD)

  • #328,581
  • Oct 30, 2012 6:38am Oct 30, 2012 6:38am
suprised by this rally however. when it went down below 1.6050 yesterday I thought we are testing 1.5913 again. but i was wrong and it reversed. got stopped out on 2 of my shorts already. one @28 and other @39. opened 2 new @54 and @69
  • #328,582
  • Oct 30, 2012 6:41am Oct 30, 2012 6:41am
The weekly t/f is in a recent uptrend if anything but really more ranging overall than anything - it could not be descibed in anyway as being in a downtrend ?

G/L

Quoting X.work
.....
I don't understand because the weekly chart clearly in a DOWN trend.

....
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ex member
  • #328,583
  • Oct 30, 2012 6:41am Oct 30, 2012 6:41am
Quoting TauTrader
Good day,

Waiting for confirmation to long. Confirmation may come when we break 1.6080
1.6095 is more imp than 1.6080 technically. we need a close above that to negate bearish stance. i still think we are going down
  • #328,584
  • Oct 30, 2012 6:43am Oct 30, 2012 6:43am
Quoting Green_Dreams
Daily.

I'll make a move if it breaks the dotted blue or the solid red at 1.6.
Great chart . Appreciate.
What is GFT market ?
Don't be smart. Be rich.
  • #328,585
  • Oct 30, 2012 6:46am Oct 30, 2012 6:46am
Quoting maximinus
Great chart . Appreciate.
What is GFT market ?
http://www.gft.com.au/

An Australian broker, you can use either MetaTrader or DealBook360.

Thanks for the appreciation on the chart.
It 'aint easy, bein' cheesy
  • #328,586
  • Oct 30, 2012 6:48am Oct 30, 2012 6:48am
Quoting Green_Dreams
http://www.gft.com.au/

An Australian broker, you can use either MetaTrader or DealBook360.
OK, Thanks.
Don't be smart. Be rich.
  • #328,587
  • Oct 30, 2012 6:55am Oct 30, 2012 6:55am
Quoting Nachiket
1.6095 is more imp than 1.6080 technically. we need a close above that to negate bearish stance. i still think we are going down
Good day to you,

Again busy on the Renko chart with the next bar closing at 1.6080 - therefor this number. If certain conditions are met there - I will attemp a long to 1.6100 fist. If conditions remain in place - may attempt 1.6120.

Not a long term trade.

But I can not enter into any trade where we are right now. We may not even get to 1.6080...

All the best with your shorts

Regards
  • #328,588
  • Oct 30, 2012 7:01am Oct 30, 2012 7:01am
Quoting bbmac
The weekly t/f is in a recent uptrend if anything but really more ranging overall than anything - it could not be descibed in anyway as being in a downtrend ?

G/L


I tried Bollinger Band its kinda swinging sideways. However its in the down swing from top Bollinger Band to lower Bollinger Band.

I guess its not called trending down.
deep RoT is essential for everlasting happyness
  • #328,589
  • Oct 30, 2012 7:02am Oct 30, 2012 7:02am
Quoting TauTrader
Good day to you,

Again busy on the Renko chart with the next bar closing at 1.6080 - therefor this number. If certain conditions are met there - I will attemp a long to 1.6100 fist. If conditions remain in place - may attempt 1.6120.

Not a long term trade.

But I can not enter into any trade where we are right now. We may not even get to 1.6080...

All the best with your shorts

Regards

Sir I recommend you not to open longs now. it is dangerously poised for a big breakdown in my opinion. even the euro. they can tank before nov 7th
  • #328,590
  • Oct 30, 2012 7:07am Oct 30, 2012 7:07am
heard of ranging but this is taking the cake
  • #328,591
  • Oct 30, 2012 7:09am Oct 30, 2012 7:09am
waiting for a sell
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  • #328,592
  • Oct 30, 2012 7:10am Oct 30, 2012 7:10am
Quoting Nachiket
Sir I recommend you not to open longs now. it is dangerously poised for a big breakdown in my opinion. even the euro. they can tank before nov 7th
you mean the price is going to fall now?? i can see uptrend in 1h chart and 4h chart.I am long @ 1.6070 and aiming for 1.6100.
  • #328,593
  • Oct 30, 2012 7:12am Oct 30, 2012 7:12am
Quoting nAVIN2007
heard of ranging but this is taking the cake
yes but all currencies are behaving weirdly.
  • #328,594
  • Oct 30, 2012 7:12am Oct 30, 2012 7:12am
Quoting Nachiket
Sir I recommend you not to open longs now. it is dangerously poised for a big breakdown in my opinion. even the euro. they can tank before nov 7th
What do you mean by "tank" ?
deep RoT is essential for everlasting happyness
  • #328,595
  • Oct 30, 2012 7:12am Oct 30, 2012 7:12am
Quoting Nachiket
Sir I recommend you not to open longs now. it is dangerously poised for a big breakdown in my opinion. even the euro. they can tank before nov 7th
I take note of your concern. Thank you.

I'm planning this trade purely based on a mechanical entry - if/when it comes. If it runs lower I get stopped and may immediately reverse when the opposite signal comes.

I am not planning to go long anytime before then.

All success to you
  • #328,596
  • Oct 30, 2012 7:15am Oct 30, 2012 7:15am
setup to sell EU if somebody waiting

eu also divergence
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  • #328,597
  • Oct 30, 2012 7:16am Oct 30, 2012 7:16am
Quoting X.work
What do you mean by "tank" ?
tank is 200 pips and more in 2 days . hehehe
  • #328,598
  • Oct 30, 2012 7:16am Oct 30, 2012 7:16am
Quoting walkman
setup to sell EU if somebody waiting

eu also divergence
and what gbp?
  • #328,599
  • Oct 30, 2012 7:18am Oct 30, 2012 7:18am
Quoting TauTrader
I take note of your concern. Thank you.

I'm planning this trade purely based on a mechanical entry - if/when it comes. If it runs lower I get stopped and may immediately reverse when the opposite signal comes.

I am not planning to go long anytime before then.

All success to you
how was your month trading wise?
  • #328,600
  • Oct 30, 2012 7:19am Oct 30, 2012 7:19am
Quoting Nachiket
tank is 200 pips and more in 2 days . hehehe

tank means fall..tank is heavy no?
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