Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

#4,601
Jan 3, 2007 7:56am Jan 3, 2007 7:56am

Pickensrulz
| Joined Dec 2006 | Status: Trader | 264 Posts

Can any technical gurus explain the meaning of the gbp/usd making an inside weekly bar followed by an outside weekly bar? http://www.forexfactory.com/forexfor...cons/icon5.gif

#4,602
Jan 3, 2007 7:59am Jan 3, 2007 7:59am

Leugimp
| Joined Dec 2006 | Status: Trader | 1,385 Posts

Quoting Pickensrulz

Disliked

Can any technical gurus explain the meaning of the gbp/usd making an inside weekly bar followed by an outside weekly bar? http://www.forexfactory.com/forexfor...cons/icon5.gif

Ignored

alot of people playing the larger timeframe may have just played the breakout with stop and reverse on opposite end. My guess is that this week will end in the 94's or 93's

Man who scratches ass should not bite fingernails

#4,603
Jan 3, 2007 7:59am Jan 3, 2007 7:59am

Leugimp
| Joined Dec 2006 | Status: Trader | 1,385 Posts

Quoting Pickensrulz

Disliked

Can any technical gurus explain the meaning of the gbp/usd making an inside weekly bar followed by an outside weekly bar? http://www.forexfactory.com/forexfor...cons/icon5.gif

Ignored

But I am far from a guru

Man who scratches ass should not bite fingernails

#4,604
Jan 3, 2007 8:08am Jan 3, 2007 8:08am

mtrmth
| Joined Dec 2006 | Status: Trader | 1,191 Posts

went to bed early, didn't feel good. rolled over when the alarm went off, now i really feel sick!!!! missed entire move. just hope there is a retrace and some good fomc moving language!!

#4,605
Jan 3, 2007 8:11am Jan 3, 2007 8:11am

SeekingLight
Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts

Second downleg was another BEOB. Boy, they just keep on coming.
Since I was unable to monitor it, I simply took it on demo.
Easy 70 demo pips

Next time someone tell me to take it on my real account if it's such a good signal lineup....but news can sometimes totally obliterate TA, this time TA proved itself superior

Attaching 1H setup for cable, next post I'll also show GJ that had a great setup earlier as well.

Attached Image

Trust price. Know yourself.

#4,606
Jan 3, 2007 8:12am Jan 3, 2007 8:12am

Qwiktrader
| Joined Dec 2006 | Status: Trader | 109 Posts

We moved some 255 pips so far is it likely to go down much more? I went long at 9505 with a stop at 9485 so we'll see but imo there's got to be some type of retracement up to 9555 or so which is the 23.6 fib line for today on the hourly charts.

If you can't produce some results and make some serious PIPS, YOU'RE FIRED!

#4,607
Jan 3, 2007 8:13am Jan 3, 2007 8:13am

cesarnc
Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts

I don't like it hanging out at 950X...

#4,608
Jan 3, 2007 8:15am Jan 3, 2007 8:15am

SeekingLight
Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts

Here's a nice 4h setup for GJ.
But I've stopped taking short GJ trades, too darn dangerous. Not worth the 10 pip spread here, cable is MUCH MUCH nicer for up and down trading.
As seen today.

Attached Image

Trust price. Know yourself.

#4,609
Jan 3, 2007 8:21am Jan 3, 2007 8:21am

mtrmth
| Joined Dec 2006 | Status: Trader | 1,191 Posts

hey cesar, looks like the europeans are sitting pat on their shorts, or the market should be going up, right??? do you think they know something about dollar strength that we don't??

#4,610
Jan 3, 2007 8:23am Jan 3, 2007 8:23am

mtrmth
| Joined Dec 2006 | Status: Trader | 1,191 Posts

looks like everyone is selling. where are we going???

#4,611
Jan 3, 2007 8:24am Jan 3, 2007 8:24am

de123
Joined Sep 2006 | Status: Trader | 2,272 Posts

oil might go 50 cents more down!, maybe nice to know.

its just money

#4,612
Jan 3, 2007 8:25am Jan 3, 2007 8:25am

cesarnc
Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts

Quoting mtrmth

Disliked

hey cesar, looks like the europeans are sitting pat on their shorts, or the market should be going up, right??? do you think they know something about dollar strength that we don't??

Ignored

This MF is about to touch my SL...

#4,613
Jan 3, 2007 8:27am Jan 3, 2007 8:27am

samuel84
| Joined Jul 2006 | Status: Pip Hunter | 216 Posts

profit at 9488 hit...profit for e/u at 3174 hit..

now,

long g/u at 9493 tp at 9503

: wanna steal some here...

#4,614
Jan 3, 2007 8:28am Jan 3, 2007 8:28am

mtrmth
| Joined Dec 2006 | Status: Trader | 1,191 Posts

can anyone say 300 pip day???

#4,615
Jan 3, 2007 8:38am Jan 3, 2007 8:38am

mtrmth
| Joined Dec 2006 | Status: Trader | 1,191 Posts

hey cesar,

looks like europe stood pat. now, the only thing that will move the market is the fomc. correct me if i am wrong, but if bernake is still worried about inflation and backs off his thoughts of lowering rates, the dollar should get stronger, and vice-versa. or do i have it backwards?? or is this old news and should not make a difference??

#4,616
Jan 3, 2007 8:42am Jan 3, 2007 8:42am

cesarnc
Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts

Quoting mtrmth

Disliked

hey cesar,

looks like europe stood pat. now, the only thing that will move the market is the fomc. correct me if i am wrong, but if bernake is still worried about inflation and backs off his thoughts of lowering rates, the dollar should get stronger, and vice-versa. or do i have it backwards?? or is this old news and should not make a difference??

Ignored

Yup...

What worries me now is that we migh have another assault down at 16:59GMT to collect the remaining stops.... including mine...