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Cable Update (GBPUSD)

  • #330,981
  • Nov 27, 2012 11:22am Nov 27, 2012 11:22am
That was close Not sure of this, Is tricky here.

I'm out and off to work for a bit
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  • #330,982
  • Nov 27, 2012 11:22am Nov 27, 2012 11:22am
zzzzzzzz
  • #330,983
  • Nov 27, 2012 11:30am Nov 27, 2012 11:30am
Quoting _BBKing_
i will definetly interested in looking for longs again near 5970.
or else for shorts between 6130-70

depending on next moves...
Bearish Trend still play on...
Always looking the GREAT, never left GOOD Point...
  • #330,984
  • Nov 27, 2012 11:40am Nov 27, 2012 11:40am
Quoting nAVIN2007
im just lookin at the monthly..keep it simple
btw nice chart
Yeah, I should look at the monthly more often, but I haven't the patience
  • #330,985
  • Nov 27, 2012 11:59am Nov 27, 2012 11:59am
Quoting Typeface
Yeah, I should look at the monthly more often, but I haven't the patience
the way this market is going we all will..we practically not moving..and forex is meant to be high liquidity
I can only imagine shares, probably die b4 yah move
  • #330,986
  • Nov 27, 2012 12:04pm Nov 27, 2012 12:04pm
Quoting iqyu5an
gu,eu,kiwi and ausie
i think.. just about time..
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  • #330,987
  • Nov 27, 2012 12:08pm Nov 27, 2012 12:08pm
Quoting Typeface
Wow. Now that's movement!

In the short term, too, 1.60 looks like it'll give good support, being a big figure, and the 50% fib shown, so any break will need momentum. After that, 15960 will also need breaking, and after that... not much to stop it.

Last chart for the day (promise):
in the highter TF, if you look into daily, we are actually testing the 1.6 from below mate.. since we are analysing the daily TF, +- 50pips is normal..

see the confluence resistance we are currently testing..
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  • #330,988
  • Nov 27, 2012 1:08pm Nov 27, 2012 1:08pm
Quoting A-speculator
in the highter TF, if you look into daily, we are actually testing the 1.6 from below mate.. since we are analysing the daily TF, +- 50pips is normal..

see the confluence resistance we are currently testing..
I shorted this puppy about 1hr ago. Just looking for 5980-70
Come with me if you want to live....
  • #330,989
  • Nov 27, 2012 1:13pm Nov 27, 2012 1:13pm
Quoting Ill-b-back
I shorted this puppy about 1hr ago. Just looking for 5980-70
well, i'm still waiting mate..
  • #330,990
  • Nov 27, 2012 1:48pm Nov 27, 2012 1:48pm
Quoting A-speculator
well, i'm still waiting mate..
You pick and choose your entries well Specs. Nice shorts by the way
Come with me if you want to live....
  • #330,991
  • Nov 27, 2012 2:11pm Nov 27, 2012 2:11pm
EUR is falling, the Dollar reversed, GBP seems like a good RR trade on the down side:

http://s8.postimage.org/5j8qx41d1/GBPUSD.png
Yeah?! Well.. you know, that's just like.. your opinion man! - Big Lebowski
  • #330,992
  • Nov 27, 2012 2:48pm Nov 27, 2012 2:48pm
Quoting fxtyrant
just thought i might throw a chart out there...
its a daily and we've had multiple days where the highs is being rejected at a fibo level..... maybe signs of an exhausted bullish run?
or perhaps this move up has always just been a pullback after the confirmed signal of a drop from the Bearish Hammer looking candle we had 2 weeks back?

food for thought.
Attachment
well i did warn about how that 61.8% fibo i plotted could be a potential resistance not to be taken lightly....

this is what gbpusd looks like now ant that 61.8% fibo is becoming ever so convincing that this rally was just a pullback...

Also i expect that white trendline to be retested soon enough
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  • #330,993
  • Nov 27, 2012 2:48pm Nov 27, 2012 2:48pm
Quoting Yuri57
EUR is falling, the Dollar reversed, GBP seems like a good RR trade on the down side:

http://s8.postimage.org/5j8qx41d1/GBPUSD.png


I still have my long trade on, but weekly and daily now starting to disagree. Lets see how daily closes, but if it closes down, then the long trade may be off, and weekly may close red.
  • #330,994
  • Nov 27, 2012 3:10pm Nov 27, 2012 3:10pm
who still wants to buy against 75, lol
  • #330,995
  • Nov 27, 2012 3:30pm Nov 27, 2012 3:30pm
Wish I could post where my SL is now but I'm scared it will be eaten
Numbers NEVER Lie
  • #330,996
  • Nov 27, 2012 3:36pm Nov 27, 2012 3:36pm
Morning Guys,

4:35 AM Here. I wake up earlier Morning, sleeps in 2 Hours but Very Well
Always looking the GREAT, never left GOOD Point...
  • #330,997
  • Nov 27, 2012 3:38pm Nov 27, 2012 3:38pm
Quoting Ill-b-back
You pick and choose your entries well Specs. Nice shorts by the way
No SLEEP... Bro
Always looking the GREAT, never left GOOD Point...
  • #330,998
  • Nov 27, 2012 3:42pm Nov 27, 2012 3:42pm
Quoting ZizoFX
Wish I could post where my SL is now but I'm scared it will be eaten
Is it the same as mine

I am hedged and have a plan

Personally, I feel there is something fishy going on

I would be inclined to be longer term bearish if we get a STRONG daily close in the red zone.

Otherwise, I think we are retracing here for another leg up from somewhere near the 50 fib and dashed line confluence.

Will watch PA...
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  • #330,999
  • Nov 27, 2012 3:44pm Nov 27, 2012 3:44pm
Quoting Tsar
No SLEEP... Bro
A few hrs, now the baby asleep in my arms while trading

How are you TSAR
Come with me if you want to live....
  • #331,000
  • Nov 27, 2012 3:47pm Nov 27, 2012 3:47pm
[quote=Ill-b-back;6237885]Is it the same as mine

I am hedged and have a plan

Personally, I feel there is something fishy going on

Speaking of fishing...
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Numbers NEVER Lie
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