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Cable Update (GBPUSD)

  • #28,981
  • Sep 5, 2007 1:22am Sep 5, 2007 1:22am
Touched the bottom of the channel and bouncing....
.
  • #28,982
  • Sep 5, 2007 1:27am Sep 5, 2007 1:27am
HI GUYS;

JUST AS I SAID EARLIER, IF YOU GUYS WERE READING.

I posted a test of support 1 at 2.0071, just about to happen. If that breaks, expect a quick test of support 2 at 2.0043 with a quick retracement (1H cart 200EMA is at 2.0097 and last candle has close below this). London may bring prices back up, but with news out of US at 8:15, expect NY to bring prices down to 1.9980 area.

GOOD TRADING
  • #28,983
  • Sep 5, 2007 1:33am Sep 5, 2007 1:33am

I dont know where they come with all this self confidence??!!!

If they buy it, I want to know where?

but what I'm sure from is: to gain in any market you must be very humble and just listen & watch!!
  • #28,984
  • Sep 5, 2007 1:35am Sep 5, 2007 1:35am
Quoting Qu|cksilver
I still can't see the channel.. maybe im blind
My analysis support at 2.0060 and bounce going up! up! and up!

30mins chart...
Attached Image (click to enlarge)
Click to Enlarge Name: Snap2.jpg Size: 17 KB
DISCIPLINE IS THE KEY TO SUCCESS!!!:nerd:
  • #28,985
  • Sep 5, 2007 1:39am Sep 5, 2007 1:39am
Long....
"Invest With The Insiders, Not The Masses" George Muzea
  • #28,986
  • Sep 5, 2007 1:42am Sep 5, 2007 1:42am
Support 1 broken, if prices stay below this when next 15m candle close, look out for next support at 2.0043, expect quick retracement possible below 200EMA or S1.
  • #28,987
  • Sep 5, 2007 1:45am Sep 5, 2007 1:45am
support bounce... don't wait buy now.. cheap price! 70% discount
"Invest With The Insiders, Not The Masses" George Muzea
  • #28,988
  • Sep 5, 2007 1:56am Sep 5, 2007 1:56am
Quoting bobbyfx
Support 1 broken, if prices stay below this when next 15m candle close, look out for next support at 2.0043, expect quick retracement possible below 200EMA or S1.

Could you elaborate on your use of the 200 ema. Thanks.
  • #28,989
  • Sep 5, 2007 1:57am Sep 5, 2007 1:57am
Prices back just below 200EMA. Be careful now with shorts. In oversold territory. London bulls are stong. I am waiting aside for now. 3AM candle approaching.
  • #28,990
  • Sep 5, 2007 2:01am Sep 5, 2007 2:01am
Quoting bobbyfx
Prices back just below 200EMA. Be careful now with shorts. In oversold territory. London bulls are stong. I am waiting aside for now. 3AM candle approaching.

Do you use it on all timeframes or specific ones?
  • #28,991
  • Sep 5, 2007 2:05am Sep 5, 2007 2:05am
Quoting maverick
Could you elaborate on your use of the 200 ema. Thanks.
200 Exponential moving average. All brokerage software has them. prices on most occasion obey them. act as good support and resistance. works well with FIBS and use your 1H amd 15M chart.

Bears seems to be strong but, now in oversold condition. Most traders would have profit take at S1 and thats why that quick retracement. However, If the bulls cannot break above 200EMA, then look out below for support 2. I suspect this will happen when NY opens if not before.
  • #28,992
  • Sep 5, 2007 2:50am Sep 5, 2007 2:50am
I just wona ask u...who here think tomorow we might have a suprice in any this news or u think no change at all?

13:00 GBPInterest Rate Statement http://www.forexfactory.com/images/m...mpact_high.gif
5.75%5.75%
http://www.forexfactory.com/images/m...etail_star.gif 13:45 EURInterest Rate Announcement http://www.forexfactory.com/images/m...mpact_high.gif
4.00%4.00%
http://www.forexfactory.com/images/m...dar_detail.gif

A.) suprise at both
b.) no suprise at all
c.) GBP lift, EUR not lift
d.) EUR lift, GBP not

ill choose d...u?
its just money
  • #28,993
  • Sep 5, 2007 2:53am Sep 5, 2007 2:53am
WTF?
  • #28,994
  • Sep 5, 2007 2:53am Sep 5, 2007 2:53am
Forex has gone crazy.
Trade what you see, not what you think.
  • #28,995
  • Sep 5, 2007 2:55am Sep 5, 2007 2:55am
Quoting karmostaji
Forex has gone crazy.
Not crazy at all.....COUNTERINTUITIVE !!!!!
For he that would be deceived, let him.
  • #28,996
  • Sep 5, 2007 2:56am Sep 5, 2007 2:56am
Quoting pinchapip
Not crazy at all.....COUNTERINTUITIVE !!!!!
As long as i'm bagging green pips, forex can do whatever it wants
Trade what you see, not what you think.
  • #28,997
  • Sep 5, 2007 2:58am Sep 5, 2007 2:58am
Just want to ask anyone why I can't see the attached images posted here. I looked at Options(am using Firefox) and the "Load Images Automatically" is checked. Can anyone help?
  • #28,998
  • Sep 5, 2007 2:59am Sep 5, 2007 2:59am
Quoting cesarnc
WTF?
My long trade, SL was hit @ BE
But I had short trades that I already closed @ 2.0050, as agreed I won't mention my entry point, but I have recovered my last week (-397 pips) with those short trades
Enough for me today even if it there is still a room to make more down moves
  • #28,999
  • Sep 5, 2007 3:01am Sep 5, 2007 3:01am
Quoting karmostaji
As long as i'm bagging green pips, forex can do whatever it wants
true indeed
If I Go Broke Trying Then I Will die happy.
  • #29,000
  • Sep 5, 2007 3:02am Sep 5, 2007 3:02am
Next support 2.0010
"Invest With The Insiders, Not The Masses" George Muzea
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