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Cable Update (GBPUSD)

  • #3,701
  • Dec 28, 2006 9:46am Dec 28, 2006 9:46am
i dont think the short move is done, but i am out for now
  • #3,702
  • Dec 28, 2006 9:48am Dec 28, 2006 9:48am
Quoting cesarnc
9580 now... Gosh it's freaking killing me here... Jumped in to late on that short....

Part of my profits will be generously handled to my cardiologist.
I'll be visiting my shrink, for such a huge pickup , i've booked minimum profit so far for the day.
Man who scratches ass should not bite fingernails
  • #3,703
  • Dec 28, 2006 9:48am Dec 28, 2006 9:48am
Quoting mbqb11
this is how i trade, if things line up prior to news in certain ways I will trade, if not I wait till after the news too see if I can find an entry. I entered on the retrace of the pin and had a stop of 25 pips. My exit was just short of the weekly pivot the 50% retrace of the most current move(not shown)
Nice chart is that weekly pivot point somthing you added or is it a feature on the charts?
Greed Kills
  • #3,704
  • Dec 28, 2006 9:50am Dec 28, 2006 9:50am
USD/JPY about to crack its resistance... 0.02 to go...

When that happens, USD will be free for another pips
  • #3,705
  • Dec 28, 2006 9:50am Dec 28, 2006 9:50am
its an indictaor i just took out all the other pts, so it wasnt confusing
  • #3,706
  • Dec 28, 2006 9:53am Dec 28, 2006 9:53am
don't see why this thing wont test at leat 470, in it's ranging glory
  • #3,707
  • Dec 28, 2006 9:55am Dec 28, 2006 9:55am
i see it is resting again. is it still heading down to 9540??
  • #3,708
  • Dec 28, 2006 9:56am Dec 28, 2006 9:56am
Quoting mtrmth
i see it is resting again. is it still heading down to 9540??
get there it will, how is a little bit more complicated
Man who scratches ass should not bite fingernails
  • #3,709
  • Dec 28, 2006 10:01am Dec 28, 2006 10:01am
that seems to be the theme right now!! it seems to love the 9600-9590 range right now!
  • #3,710
  • Dec 28, 2006 10:02am Dec 28, 2006 10:02am
It will but it has one more move up. Check out the daily chart and draw the trend lines. Then 3 moves down. My Guess is about the 7th to the 10th of Jan and you will see 1.9250
Quoting mbqb11
don't see why this thing wont test at leat 470, in it's ranging glory
  • #3,711
  • Dec 28, 2006 10:03am Dec 28, 2006 10:03am
buyers and sellers fighting around dynamic pivot range. A close above or below on tick chart should set the stage for the next move - very short term.
Attached Image
Man who scratches ass should not bite fingernails
  • #3,712
  • Dec 28, 2006 10:06am Dec 28, 2006 10:06am
Quoting mtrmth
i see it is resting again. is it still heading down to 9540??
i dont see it going lower than 9555 does anyone else, i see an uptrend now with higher highs and higher lows, No?
Ghost Swoopen in for my pips while no one is lookin !!
  • #3,713
  • Edited 10:12am Dec 28, 2006 10:08am | Edited 10:12am
Man what a great announcement!!

So cable did the same thing as yesterday, just a much stronger push from the news. Trust you guys and gals made tons of pips; I wasn't trading this morning and so I missed what looks like a quick 100 pip move back to the 61 fib of 9550.

Cable has now tested 9550 six times since Dec 21st, breaking through only once and that the day after Christmas. Cable is now well outside Cesarnc's Channel so looks like 9550-60 is the new support and trendline will change.
  • #3,714
  • Dec 28, 2006 10:10am Dec 28, 2006 10:10am
Money, I needed you earlier to scream pacience in my face, still made out, but could have been much much better.
Man who scratches ass should not bite fingernails
  • #3,715
  • Dec 28, 2006 10:11am Dec 28, 2006 10:11am
Quoting MoneyMa$ter
Man what a great announcement!!

So cable did the same thing as yesterday, just a much stronger push from the news. Trust you guys and gals made tons of pips; I wasn't trading this morning and so I missed what looks like a quick 100 pip move back to the 61 fib of 9550.

Cable has now tested 9550 six times since Dec 21st, breaking through only once and that the day after Christmas. Cable is now well outside Cesarnc's Channel so looks like 9650-60 is the new support and trendline will change.
9650 a support? Whatta heck?

By the way, good morning...
  • #3,716
  • Dec 28, 2006 10:12am Dec 28, 2006 10:12am
Quoting Ghostpipper
i dont see it going lower than 9555 does anyone else, i see an uptrend now with higher highs and higher lows, No?
It all depends on your timeframe.
Man who scratches ass should not bite fingernails
  • #3,717
  • Dec 28, 2006 10:14am Dec 28, 2006 10:14am
Quoting cesarnc
9650 a support? Whatta heck?

But the way, good morning...
I been talking about 9550 all week (maybe last week too) so you knew it was a Typo: 9550
  • #3,718
  • Dec 28, 2006 10:14am Dec 28, 2006 10:14am
Quoting Ghostpipper
i dont see it going lower than 9555 does anyone else, i see an uptrend now with higher highs and higher lows, No?
???
Attached Image
  • #3,719
  • Dec 28, 2006 10:17am Dec 28, 2006 10:17am
looks like solar wind and aurora.
mm..nice!
  • #3,720
  • Dec 28, 2006 10:19am Dec 28, 2006 10:19am
on the hourly chart a cluster of Support from the 56 to 47 area
Quoting cesarnc
9650 a support? Whatta heck?

By the way, good morning...
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