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Cable Update (GBPUSD)

  • #328,881
  • Nov 2, 2012 1:38am Nov 2, 2012 1:38am
Quoting Ill-b-back
Would be nice to get to 6043 today, seems to be half decent support at the 50 fib

morning!

stopped out at 6090 +65

yes 6043 could be number but i am looking now 6060 as min target and if it goes to 6040/43 the better


GL and good trade

if prices go to 6108/10 i will look to short the weakness!
Learning Requires Failure
  • #328,882
  • Nov 2, 2012 1:38am Nov 2, 2012 1:38am
Quoting Ill-b-back
Would be nice to get to 6043 today, seems to be half decent support at the 50 fib
Good day, sir

I closed earlier long for a small loss - got spooked. But I think my gut is right. The signals are there that we rise a bit. Do not know by how much. Seems like a little bear trap.



I'm often wrong - so will watch closely.

Hope yours work out!

All the best
  • #328,883
  • Nov 2, 2012 1:50am Nov 2, 2012 1:50am
Quoting tirmizi
morning!

stopped out at 6090 +65

yes 6043 could be number but i am looking now 6060 as min target and if it goes to 6040/43 the better


GL and good trade

if prices go to 6108/10 i will look to short the weakness!
That's quite interesting, 6090 is about +65 on my short from yesterday or a smigent more. Love a win/win
Come with me if you want to live....
  • #328,884
  • Nov 2, 2012 1:54am Nov 2, 2012 1:54am
Quoting TauTrader
Good day, sir

I closed earlier long for a small loss - got spooked. But I think my gut is right. The signals are there that we rise a bit. Do not know by how much. Seems like a little bear trap.



I'm often wrong - so will watch closely.

Hope yours work out!

All the best
Good day to you

It is still a strange place, I got a weekly bear, daily bull, 4hr bear. Just another day for this pair I guess.

Now to cook dinner while the wife puts her feet up.
Good day to you all
Come with me if you want to live....
  • #328,885
  • Nov 2, 2012 2:03am Nov 2, 2012 2:03am
seems like GU stopped at a point where makes no sense both buy and sell.
EU is bit better but smells of dirty.
gold can try to breake the 1700 line today.
let's see

constr PMI and Nfp later will give some answers.

Good luck you all and see you next week
90% of traders use TA, indicators and prediction
  • #328,886
  • Nov 2, 2012 2:56am Nov 2, 2012 2:56am
and gu and eu on a buy.

Need confirmation on smaller TF

of course it can break, but...
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  • #328,887
  • Nov 2, 2012 2:58am Nov 2, 2012 2:58am
setup on m5
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  • #328,888
  • Nov 2, 2012 3:10am Nov 2, 2012 3:10am
Should long be your view - the lesser risk entry is probably in the 1.6070 to 1.6050 area...

Regards
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  • #328,889
  • Nov 2, 2012 3:25am Nov 2, 2012 3:25am
TP up to u. Can be bigger
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  • #328,890
  • Nov 2, 2012 3:28am Nov 2, 2012 3:28am
also should pay attention on this line and fibo 23
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  • #328,891
  • Edited 3:55am Nov 2, 2012 3:40am | Edited 3:55am
G/M,

Downside folow thru so far today off yesterday's daily candle doji close - as 1hr H&S pattern plays out - the lo so far today @/around 50% 6005-6174 around the ascending 4hr/daily trend line with some demand coming in @ a previous 1hr swing hi zone (previous resistance = potential support (RBS,) Monthly Pivot and daily S2 there as well. Fibs of the moves up to 6174 from 5912 and 6005 not shown on 1hr chart below.

Uk data @ 0930am gmt and of course U.s Nfp etc later.

G/L
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ex member
  • #328,892
  • Nov 2, 2012 3:48am Nov 2, 2012 3:48am
so many type of analysis we have here from the bigger time frame to the smaller time frame with a different view ..... im prefer to look at the d1 chart to find out what will happen to this pair ..... it got doji candle yesterday and today it already going down before the nfp but it not enough for me to enter the short position at this time ..... i need to see 60 pips range for today movement the i will plan to short this pair on the rally .....
  • #328,893
  • Nov 2, 2012 3:54am Nov 2, 2012 3:54am
Perhaps 3min best shows the ' chop ' on the lower t/f's so far this london session.

G/L
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ex member
  • #328,894
  • Nov 2, 2012 4:18am Nov 2, 2012 4:18am
is this the scenario choice:? Buyers push the price below the recent chop - pick up the liquidity of all theweak buy position sell stops and get in at a better price than was available in the chop ? -or- congeswtion - 1st b/o false - 2nd b/o true ?

61.8% 6020-6174 and a previous 1hr swing lo at the current lo

Uk data due in 12mins - what will this do if anything ? may decide which scenario plays out ?

G/L
ex member
  • #328,895
  • Nov 2, 2012 4:23am Nov 2, 2012 4:23am
Quoting bbmac
is this the scenario choice:? Buyers push the price below the recent chop - pick up the liquidity of all theweak buy position sell stops and get in at a better price than was available in the chop ? -or- congeswtion - 1st b/o false - 2nd b/o true ?

61.8% 6020-6174 and a previous 1hr swing lo at the current lo

Uk data due in 12mins - what will this do if anything ? may decide which scenario plays out ?

G/L
finally it will fall today. just dropped 30 pips till now but more is coming. I hope we will see 1.6050
  • #328,896
  • Nov 2, 2012 4:24am Nov 2, 2012 4:24am
Quoting Nachiket
finally it will fall today. just dropped 30 pips till now but more is coming. I hope we will see 1.6050
  • #328,897
  • Nov 2, 2012 4:26am Nov 2, 2012 4:26am
Quoting Nachiket
finally it will fall today. just dropped 30 pips till now but more is coming. I hope we will see 1.6050
cable need to break 1.6075 to continue falling
  • #328,898
  • Nov 2, 2012 4:28am Nov 2, 2012 4:28am
Quoting ZeroCool
cable need to break 1.6075 to continue falling
ya data is coming in 3 mins but 1.6120 if it comes I will be very surprised.
  • #328,899
  • Nov 2, 2012 4:29am Nov 2, 2012 4:29am
Quoting bbmac
is this the scenario choice:? Buyers push the price below the recent chop - pick up the liquidity of all theweak buy position sell stops and get in at a better price than was available in the chop ?
"it does it all the time" - Mark Douglas
  • #328,900
  • Nov 2, 2012 4:31am Nov 2, 2012 4:31am
50.9 from where did this come
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