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-   -   Cable Update (GBPUSD) (https://www.forexfactory.com/showthread.php?t=10378)

ezodisy Feb 25, 2009 6:07am | Post# 123281

it's not looking particularly strong

scorpionFX Feb 25, 2009 6:08am | Post# 123282

I am short @1.4470..

whudunnit Feb 25, 2009 6:12am | Post# 123283

[quote=malcolmb14;2557098]rsx has gone flat and could turn up after profit taking / sellers at old highs

gj right on wires at 135.2 could break to 136 if GU break here


the upper value area is 1.4500 (top of the 70% ile of volume for session), above this buy dips only , below this back into range

the moving averages on the 5 min are bull stack .....with the 14 wma at 1.4505.... I would not be hitting sells till a 5 min close under that

A break / rest in the up move at old highs is to be expected . I think this breaks higher yet as sellers seem absent form the market according to price action . We need to see decent volume coming in to push thru that 1.4555 range.

to clarify I am a day trader .... rubbish at buying and holding for anything more than 5 hours lol



[I thought you were the bear but all the time you were just a bully b trader very brave

forexlearner Feb 25, 2009 6:13am | Post# 123284

Do NOT TRADE YEt. wait for break of dpp or bounce!

I m seeing a bounce!

AJspeed Feb 25, 2009 6:18am | Post# 123285

Like I said
 
1.4300

Once we get thru the DPP we will see 1.43

ezodisy Feb 25, 2009 6:25am | Post# 123286

long 4461

linleysound Feb 25, 2009 6:29am | Post# 123287

1.4300
Why?

ezodisy Feb 25, 2009 6:33am | Post# 123288

second long stopped at b/e. floodgates appear to be openin

AJspeed Feb 25, 2009 6:33am | Post# 123289

Ok
 
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All I know is we had a triple failure of this 4550 area.To me that spells D-O-W-N
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AJspeed Feb 25, 2009 6:35am | Post# 123290

Yea
 
Yea, No Sh-t

second long stopped at b/e. floodgates appear to be openin

biax Feb 25, 2009 6:36am | Post# 123291

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moved my target short is 1.4394

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IF SHE cannot touched that level or only touched that level and not continue to 1.4311 SHE will go to fibo daily high again, waiting for news in 10:00pm. red for USD.

AJspeed Feb 25, 2009 6:36am | Post# 123292

Nice
 

ezodisy Feb 25, 2009 6:36am | Post# 123293

well until the break of that rising tl there was still some hope

wormboy Feb 25, 2009 6:38am | Post# 123294

Looking good ey? Moving sl +30. Down periscope.

wormboy Feb 25, 2009 6:42am | Post# 123295

Why?
bcoz that's where 61.8 fibs is

nAVIN2007 Feb 25, 2009 6:44am | Post# 123296

All I know is we had a triple failure of this 4550 area.To me that spells D-O-W-N
nice trading

AJspeed Feb 25, 2009 6:47am | Post# 123297

Waiting
 
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Guys, I have been waiting for this thing for 3 + days to bounce down off that 61.8 Fib level. It tested the dam thing 3 times. LOL
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daffy Feb 25, 2009 6:48am | Post# 123298

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I know this is after the fact, but I had a bearish bias this morning, here's why.

On the 4H chart, there was a big black candle, and we failed to close above it with the next 3 candles. The candle after that was a hammer.

On the 1H chart, there was a nice formation that corresponds to the way the candles printed on the 4H chart. Entry would have been on the first candle after the ones I have highlighted.

On the hourly, it looks like it is printing a bearish 3 identical crows pattern, I'd expect a further downward movement.
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AJspeed Feb 25, 2009 6:50am | Post# 123299

Pulled 1/2
 
Pulled 1/2 my load off of both G/U and E/J

biax Feb 25, 2009 6:52am | Post# 123300

1 Attachment(s)
wow she passed that level!!

my focus is fibo -32.6 or deviation level 2

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