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Cable Update (GBPUSD)

  • #1,781
  • Dec 14, 2006 8:59am Dec 14, 2006 8:59am
Quoting monarch
I am looking (not predicting) for the price to close between 1.9625 and 1.9637. The Four Hour Candle and its indications that Fixme1too is talking about has me very curious right now.

It seems that the bottom has been tested on the 1 Hour Chart twice at the 1.9603 at 7am (Pacific) yesterday, and 1.9604 at 6am (Pacific) today.

This is helping us see there is not enough Bearish invlovement that it wants to drop hard just yet, the Bulls are hanging to their positions closely, waiting to finish this uptrend for the week.

The channel here which is looking for a breakout, I usually start looking for final positions to be entered during the Thursday trading session.expected there is a 100 pip channel now at 1.9610 to 1.9710.

I will wait for Position 3 after the 9:00 4 Hour Candle Opens(Pacific)

Monarch
The cable closes 9:00 4H @ 1.9610....
  • #1,782
  • Dec 14, 2006 9:00am Dec 14, 2006 9:00am
Quoting Qu|cksilver
tomorrow will be short day
Do you mean in trend on cable or the hours you spend in front of the computer?
mama
  • #1,783
  • Dec 14, 2006 9:03am Dec 14, 2006 9:03am
Quoting cesarnc
What do you think of the upcoming news, Monarch?
I didn't see any news forthcoming that seemed important, what is there coming?

I only look for major market turning news releases.

Monarch
  • #1,784
  • Dec 14, 2006 9:27am Dec 14, 2006 9:27am
looks like the big boys weren't strong enough... next fib @ ~9560 now?
Consistency and patience is everything
  • #1,785
  • Dec 14, 2006 9:27am Dec 14, 2006 9:27am
The cable breach the 1.9585 level now..
  • #1,786
  • Dec 14, 2006 9:31am Dec 14, 2006 9:31am
Would 1.9590 be a good position 2 go long now that 1.9590 is broken? Thanx
  • #1,787
  • Dec 14, 2006 9:34am Dec 14, 2006 9:34am
now long.. then tommorow short..
"Invest With The Insiders, Not The Masses" George Muzea
  • #1,788
  • Dec 14, 2006 9:36am Dec 14, 2006 9:36am
i mean long for only 15-20 pips only. tomorrow short the whole day.. gd luck everyone..

Quoting Qu|cksilver
now long.. then tommorow short..
"Invest With The Insiders, Not The Masses" George Muzea
  • #1,789
  • Dec 14, 2006 9:36am Dec 14, 2006 9:36am
Hi
what do you think of the new trend is it upward or not ?

  • #1,790
  • Dec 14, 2006 9:37am Dec 14, 2006 9:37am
Quoting monarch
I didn't see any news forthcoming that seemed important, what is there coming?

I only look for major market turning news releases.

Monarch
That one... low = 9575
  • #1,791
  • Dec 14, 2006 9:38am Dec 14, 2006 9:38am
Thanx
Quoting Qu|cksilver
now long.. then tommorow short..
  • #1,792
  • Dec 14, 2006 9:38am Dec 14, 2006 9:38am
Hey QS, so u don't think it will sink to ~9555 first today?
Consistency and patience is everything
  • #1,793
  • Dec 14, 2006 9:39am Dec 14, 2006 9:39am
maybe yes maybe no..

Quoting Geldmeister
Hey QS, so u don't think it will sink to ~9555 first today?
"Invest With The Insiders, Not The Masses" George Muzea
  • #1,794
  • Dec 14, 2006 9:44am Dec 14, 2006 9:44am
Is it safe to go long at 1.9590-00 level considering it is a long day and tomorrow is a short day...
  • #1,795
  • Dec 14, 2006 9:45am Dec 14, 2006 9:45am
Quoting Qu|cksilver
i mean long for only 15-20 pips only. tomorrow short the whole day.. gd luck everyone..
I still going for LONG..9590..Sl around 50 pips..
  • #1,796
  • Dec 14, 2006 9:48am Dec 14, 2006 9:48am
I personally won’t enter a long position until we close above 1.9610
  • #1,797
  • Dec 14, 2006 9:48am Dec 14, 2006 9:48am
TP?

Quoting shahfx
I still going for LONG..9590..Sl around 50 pips..
"Invest With The Insiders, Not The Masses" George Muzea
  • #1,798
  • Dec 14, 2006 9:50am Dec 14, 2006 9:50am
TP..i think around 2.00 pts above...ill see the market action for the next few week..for the safe side..enter long if tdy high is break..
  • #1,799
  • Dec 14, 2006 9:50am Dec 14, 2006 9:50am
The following link should provide valuable info for those short on cable. I did & its been helpful. Never forget the BIGBOYS
http://www.fxstreet.com/technical/fo...006-12-14.html
  • #1,800
  • Dec 14, 2006 9:52am Dec 14, 2006 9:52am
hmm... yes possible.. 2.00

Quoting shahfx
TP..i think around 2.00 pts above...ill see the market action for the next few week..for the safe side..enter long if tdy high is break..
"Invest With The Insiders, Not The Masses" George Muzea
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