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Cable Update (GBPUSD)

  • #2,201
  • Dec 17, 2006 10:42pm Dec 17, 2006 10:42pm
Quoting fxkenny
Although I see GBP/USD down for the coming day I am waiting until the European session gets going to take a position. We could possibly test up to 9570/90 before starting down for the day. As usual, just what I see.
So Kenny you see 9570-90 ? if that's the case, i'll go L cable and catch 25 pips and call it the day!
  • #2,202
  • Dec 17, 2006 10:51pm Dec 17, 2006 10:51pm
Quoting Qu|cksilver
correct jest, Heiken Ashi shows the downtrend in progress..
hi quick
are you using H A as a kind of turning point and how many bars before enter,and what TM
  • #2,203
  • Dec 17, 2006 11:04pm Dec 17, 2006 11:04pm
Quoting yulvme
So Kenny you see 9570-90 ? if that's the case, i'll go L cable and catch 25 pips and call it the day!
Trade what "YOU" see, not what I think might happen. I see the possibility of a little more retrace before going down, but will wait for the chart to tell me the next move.
  • #2,204
  • Dec 17, 2006 11:11pm Dec 17, 2006 11:11pm
seems to be a very quiet start not sure where its going too
  • #2,205
  • Dec 17, 2006 11:18pm Dec 17, 2006 11:18pm
you saying that yesterdays low is todays high?
  • #2,206
  • Dec 17, 2006 11:32pm Dec 17, 2006 11:32pm
Quoting VyNNeR
seems to be a very quiet start not sure where its going too
VyNNeR will you be trying that frankfurt open and london open thing today? have you backtracked ?
  • #2,207
  • Dec 17, 2006 11:41pm Dec 17, 2006 11:41pm
ill see how it goes after the frankfurt hours till london open first
  • #2,208
  • Dec 18, 2006 12:37am Dec 18, 2006 12:37am
Do u guys see the bearish divergence at 15 mins chart??
  • #2,209
  • Dec 18, 2006 12:40am Dec 18, 2006 12:40am
Am i glad i stayed out whole morning.

Thought of short from 1.9530,...pickup a few pips ...
Right teaching produces right believing leads to right living. - J.P
  • #2,210
  • Dec 18, 2006 12:46am Dec 18, 2006 12:46am
Quoting barakah
Am i glad i stayed out whole morning.

Thought of short from 1.9530,...pickup a few pips ...
Looks like a nice head and shoulders retracement now
Right teaching produces right believing leads to right living. - J.P
  • #2,211
  • Dec 18, 2006 12:55am Dec 18, 2006 12:55am
Quoting fxkenny
Trade what "YOU" see, not what I think might happen. I see the possibility of a little more retrace before going down, but will wait for the chart to tell me the next move.
Good call there FXKENNY, that's why I love this forum. currently the high is 9577 and falling to 9564.. care to post more of your insights Kenny? I've already made enough for the day. just curious to see how the market will react now.
  • #2,212
  • Dec 18, 2006 12:58am Dec 18, 2006 12:58am
Quoting yulvme
Good call there FXKENNY, that's why I love this forum. currently the high is 9577 and falling to 9564.. care to post more of your insights Kenny? I've already made enough for the day. just curious to see how the market will react now.
Will the retracement be till USD current account ?
Right teaching produces right believing leads to right living. - J.P
  • #2,213
  • Dec 18, 2006 1:01am Dec 18, 2006 1:01am
Currently Euro has hit the slop down line and has retraced. how far is the question?
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  • #2,214
  • Dec 18, 2006 1:04am Dec 18, 2006 1:04am
Quoting barakah
Will the retracement be till USD current account ?
Currently just watching to see if it can fall toward today's Australian open. which is at 9510, if it goes lower buy bounce.
  • #2,215
  • Dec 18, 2006 1:18am Dec 18, 2006 1:18am
Quoting yulvme
Good call there FXKENNY, that's why I love this forum. currently the high is 9577 and falling to 9564.. care to post more of your insights Kenny? I've already made enough for the day. just curious to see how the market will react now.
My overall bias is still down for the GBP/USD today. Candle action is seeming to be setting up that way but I am concerned about the timing. Probably will not take a position until I see some more european action. Keep in mind we are in the holiday season and the markets can get a little hard to read. By the way, Merry Christmas to everyone !!
  • #2,216
  • Dec 18, 2006 1:30am Dec 18, 2006 1:30am
Quoting fxkenny
My overall bias is still down for the GBP/USD today. Candle action is seeming to be setting up that way but I am concerned about the timing. Probably will not take a position until I see some more european action. Keep in mind we are in the holiday season and the markets can get a little hard to read. By the way, Merry Christmas to everyone !!
It looks that way to me as well, major trend seems to still hold a down . riding on the fib line currently. I just entered a Short toward 1.9495 area.
  • #2,217
  • Dec 18, 2006 1:40am Dec 18, 2006 1:40am
anyone has any thoughts on the frankfurt and london open range? lets discuss today on it
  • #2,218
  • Dec 18, 2006 1:41am Dec 18, 2006 1:41am
There is a "pipe" formation in 30M & hourly chart lies at 1.9546 a breach of this will heading towards to least 1.9500 to fill the gap!:-)
  • #2,219
  • Dec 18, 2006 1:44am Dec 18, 2006 1:44am
Quoting VyNNeR
anyone has any thoughts on the frankfurt and london open range? lets discuss today on it
Given what we wrote about on Friday, what's your take on this VyNNer?
  • #2,220
  • Dec 18, 2006 1:47am Dec 18, 2006 1:47am
i would say we can take the price range 1 hour b4 the london open with the hour .. if it goes beyond the range of mayb 20 pips and reverts back and hit the opposite side of the range it should show a clearer direction towards it ...
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