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Cable Update (GBPUSD)

  • #328,681
  • Oct 31, 2012 5:24am Oct 31, 2012 5:24am
buy the dip buyers struggling to make upside headway against that 1hr PB candle at the 23.6% of 6020-current daily hi = 6136. 5min shows where the buysres came in last taking it up to that 6136.

G/L
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ex member
  • #328,682
  • Oct 31, 2012 5:25am Oct 31, 2012 5:25am
Quoting walkman
since today night I was sure that the GU and EU bullish, but maybe not.
its broken through upper trend channel on daily though
  • #328,683
  • Oct 31, 2012 5:40am Oct 31, 2012 5:40am
Quoting Resent
its broken through upper trend channel on daily though
you are talking about this broken line
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  • #328,684
  • Oct 31, 2012 6:06am Oct 31, 2012 6:06am
its bearish time
  • #328,685
  • Oct 31, 2012 6:17am Oct 31, 2012 6:17am
Quoting iskandarler
its bearish time
i really dont know EU short closed because get signal buy on m5

i dont know...
  • #328,686
  • Oct 31, 2012 6:26am Oct 31, 2012 6:26am
all I need now is hourly close above 1,6127 intraday res, and H4 to stay above it. No shorts in sight.
swing it!
  • #328,687
  • Oct 31, 2012 6:27am Oct 31, 2012 6:27am
Good day to you,

I do not have any short confirmations as yet. I'm still aside. Will watch if/when we reach the top of the channel to see if any bearish divergence occur and/or if an exit signal is generated.

On Renko - no short confirmation either.

Regards
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  • #328,688
  • Oct 31, 2012 6:34am Oct 31, 2012 6:34am
5min shows the efforts of the buy the dip buyers at 23.6% of 6020-6136. daily shows the potential resistance overhead with fibs of the swing hi's at point a b c and d to the swing lo at point e in there too - above current hi.

Buyers still struggling to make substantive upside progress following the dip from 6136

G/L
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ex member
  • #328,689
  • Oct 31, 2012 6:48am Oct 31, 2012 6:48am
Oct 31, 2012 7:06am (35 min ago)
iskandarler its bearish time



Not yet for bearish!
  • #328,690
  • Oct 31, 2012 7:08am Oct 31, 2012 7:08am
All watching this area, nice point for a short but I do not have the balls to press yet.
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  • #328,691
  • Oct 31, 2012 7:13am Oct 31, 2012 7:13am
Quoting walkman
i really dont know EU short closed because get signal buy on m5

i dont know...
just my humble opinion... from my chart and my own system H1,H4, D1 showing a bearish signal... i hope sooo...
  • #328,692
  • Oct 31, 2012 7:15am Oct 31, 2012 7:15am
h1 candles

what to expect
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  • #328,693
  • Oct 31, 2012 7:18am Oct 31, 2012 7:18am
and i think the us dollar index can hit 80.10 again by today
  • #328,694
  • Oct 31, 2012 7:46am Oct 31, 2012 7:46am
Quoting tomspin
this could test 6100 or 6082 which is more likely imo, if not forget about selling sterling today,
valid, H4 weakness in sight, will be watching closely, it's up to NY now.
swing it!
  • #328,695
  • Oct 31, 2012 8:07am Oct 31, 2012 8:07am
Quoting tomspin
valid, H4 weakness in sight, will be watching closely, it's up to NY now.
Good day,

Do not see this as a drop with "Oomph" - I am marking 1.6125 as a target again for future reference.

Regards
  • #328,696
  • Oct 31, 2012 8:13am Oct 31, 2012 8:13am
Quoting TauTrader
Good day,

Do not see this as a drop with "Oomph" - I am marking 1.6125 as a target again for future reference.

Regards
A very good one!

agree, just a level to add another position to current success.
Regards
swing it!
  • #328,697
  • Oct 31, 2012 8:30am Oct 31, 2012 8:30am
Quoting tomspin
A very good one!

agree, just a level to add another position to current success.
Regards
first line done, next is at 1,6080 area which could be low for today as middle intraday pivot's act like that quite often, this drop is normal pivot movement between DR2/DR1, that H4 trendline we couldn't breach bother me a bit but nothing goes in straight line, plenty stops above it I guess.
swing it!
  • #328,698
  • Oct 31, 2012 8:30am Oct 31, 2012 8:30am
Quoting tomspin
A very good one!

agree, just a level to add another position to current success.
Regards
Yip - it's between 1.6081 now and 1.6125 - whereto first?
  • #328,699
  • Oct 31, 2012 8:47am Oct 31, 2012 8:47am
h1 trendline waiting
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  • #328,700
  • Oct 31, 2012 8:57am Oct 31, 2012 8:57am
Quoting tomspin
first line done, next is at 1,6080 area which could be low for today as middle intraday pivot's act like that quite often, this drop is normal pivot movement between DR2/DR1, that H4 trendline we couldn't breach bother me a bit but nothing goes in straight line, plenty stops above it I guess.
we reached MPV 1,6101 first touch makes MR1 at 1,6375 as a valid target.
swing it!
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