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Cable Update (GBPUSD)

  • #4,201
  • Jan 1, 2007 10:00pm Jan 1, 2007 10:00pm
Can't believe Johnson asking a chearleader, now that is getting too involved in the game!
  • #4,202
  • Jan 1, 2007 10:03pm Jan 1, 2007 10:03pm
I think right after Christmas most of the Brokers were not opened and the price did about the same thing it's doing now. Jumped up, and when the market came on line it dropped, is this correct?
  • #4,203
  • Jan 1, 2007 10:10pm Jan 1, 2007 10:10pm
Quoting monarch
I think right after Christmas most of the Brokers were not opened and the price did about the same thing it's doing now. Jumped up, and when the market came on line it dropped, is this correct?
I heard prices spiked up after Christmas but never saw it on my platforms. I did see prices decline.
  • #4,204
  • Jan 1, 2007 10:16pm Jan 1, 2007 10:16pm
Quoting MoneyMa$ter
One heckuva game!!!!! Boise State deserves a shot at Ohio....dude just proposed to is girlfriend on national TV!!!!

BTW Currenex is running, 9657 bid, 3 pip spread.

that was one of the best games i have ever watched. Amazing execution on those gutsy play calls.

happy new year all (i think my hangover is finally gone lol)

lets resume our money making
  • #4,205
  • Jan 1, 2007 10:37pm Jan 1, 2007 10:37pm
The MetaTrader Charts have the price at 1.9653 but the actual candles are totally off and there are real big gaps.

If this where the market opens tonight -- with large gaps from the close of last Friday, I am taking a Short position at 1.9650 area to allow these gaps to be filled.
  • #4,206
  • Jan 1, 2007 10:41pm Jan 1, 2007 10:41pm
I am trying to post a few different Charts, but the thread is not allowing me to accomplish this right now.

Will try again later.
  • #4,207
  • Jan 1, 2007 10:45pm Jan 1, 2007 10:45pm
I sure hope the gaps would be covered....
  • #4,208
  • Jan 1, 2007 10:51pm Jan 1, 2007 10:51pm
From what I remember after Thanksgiving holiday there was a huge gap up and it filled it in no time!
If you can't produce some results and make some serious PIPS, YOU'RE FIRED!
  • #4,209
  • Edited Feb 2, 2007 3:49pm Jan 1, 2007 10:51pm | Edited Feb 2, 2007 3:49pm
This is the 4 Hour Candle about 15 minutes ago. Price now at 1.9646

This Pennant/Flag has a top to its channel around 1.9655-65 area.

Once the price hits the top of channel, I am watching for the bounce back down or possibly a breakout from this point.

I have posted several other charts on "Fixme1too" thread yesterday concerning the different time frames showing Flags points and Fibo retracement levels.

I am expecting fluctuation in offset of the opening, but this is a new month, and there is a lot of expectation in the air.

It just may not happen as soon as we think, but this is the week which will help reveal the Pounds strengths or weaknesses.
  • #4,210
  • Edited Feb 2, 2007 3:49pm Jan 1, 2007 10:54pm | Edited Feb 2, 2007 3:49pm
Here is the Gaps in the 15 min. It is showing on the 1 and 4 hours also.

The Monthly has no gap, not enough lost data, or time lapse for that to happen.
  • #4,211
  • Jan 1, 2007 10:56pm Jan 1, 2007 10:56pm
So far price has topped at 1.9657 and is presently at 1.9638.

Once price drops to 1.9585, the complete gap will be filled.

So much for making any pips here, brokers are not open on my end yet.
  • #4,212
  • Jan 1, 2007 10:56pm Jan 1, 2007 10:56pm
Well, I called it off earlier, but Phase II is happening. Cable currently bid at 9642. I'm still not trading however. Matter of fact...I'm calling it a night.
  • #4,213
  • Jan 1, 2007 10:59pm Jan 1, 2007 10:59pm
Looking at FXCM they are quoting 1.9640, but they are not allowing any positions due to the market is closed still.

Charts from Intellicharts are showing price at 1.9600

Things are getting ready to go soon here.
  • #4,214
  • Jan 1, 2007 11:02pm Jan 1, 2007 11:02pm
Quoting MoneyMa$ter
Well, I called it off earlier, but Phase II is happening. Cable currently bid at 9642. I'm still not trading however. Matter of fact...I'm calling it a night.
I am sure there are great opportunities here in the next few hours, but they may be a opportunity to get stung by a crazy opening market.

You may have a sure thing Money, sleep and rest - hit it hard tommorow once the dust has settled.
  • #4,215
  • Jan 1, 2007 11:08pm Jan 1, 2007 11:08pm
Positions are being filled now.

Looking for gap to be filled down to 1.9585 area.

Could be a ploy to get me in, those ole boys are sneeky watching a bunch of traders like us trying to make a pip or two.

  • #4,216
  • Jan 1, 2007 11:11pm Jan 1, 2007 11:11pm
Exactly Monarch! Interbankfx has been open for about 15 minutes here and I went ahead and put in a short on GBP at 9650 so hold on tight!
If you can't produce some results and make some serious PIPS, YOU'RE FIRED!
  • #4,217
  • Jan 1, 2007 11:14pm Jan 1, 2007 11:14pm
We are getting VERY close to coming out of the channel/and/or/triangle on the daily. I am showing the top resistance of it at 9660/70 area. Also have weekly resistance calculated around the same area. We shall see !!
  • #4,218
  • Jan 1, 2007 11:14pm Jan 1, 2007 11:14pm
Looking for a resistance at 1.9666 area.

May place a Short here soon Kwiktrader.
  • #4,219
  • Jan 1, 2007 11:15pm Jan 1, 2007 11:15pm
Quoting fxkenny
We are getting VERY close to coming out of the channel/and/or/triangle on the daily. I am showing the top resistance of it at 9660/70 area. Also have weekly resistance calculated around the same area. We shall see !!
Weekly on my chart is around the 1.9685 area for top of channel
  • #4,220
  • Jan 1, 2007 11:18pm Jan 1, 2007 11:18pm
I took a short @ 9660 expecting the line to hold. Again, we will see !!
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