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Cable Update (GBPUSD)

  • #46,401
  • Dec 20, 2007 7:37pm Dec 20, 2007 7:37pm
Quoting jackojacko
goin up
yes i agree.. to be more specific.. maybe i can explain a bit cleared from indicator + price action i have plotted.

We can see four signals for Cable to go up @ 4Hr TF.

First signal: the price action is gave us the shape of hammer at the bottom.
Second signal: MACD is going up, still need to wait 1 and a half hour left for it to close next candle bar.
Third signal: Oversold stochastic.
Forth signal: another MACD i have at the bottom indicator is turning blue which is signaling an upward move is starting.

just my 2 cents
  • #46,402
  • Dec 20, 2007 7:39pm Dec 20, 2007 7:39pm
and here is the chart:
Attached Image (click to enlarge)
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  • #46,403
  • Dec 20, 2007 7:41pm Dec 20, 2007 7:41pm
remember its friday
  • #46,404
  • Dec 20, 2007 7:43pm Dec 20, 2007 7:43pm
what happens on friday
  • #46,405
  • Dec 20, 2007 7:50pm Dec 20, 2007 7:50pm
I am probably going to go long after it crossed up the little bull on this chart, for at least 75 pips ( from 1.9880)
Attached Image (click to enlarge)
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  • #46,406
  • Dec 20, 2007 8:01pm Dec 20, 2007 8:01pm
It looks to me like 1.9800 is a good "bouncing" point, just like in August....
Attached Image (click to enlarge)
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"Lunch ? Lunch Is For Wimps !"
  • #46,407
  • Dec 20, 2007 8:04pm Dec 20, 2007 8:04pm
Quoting jdhj1
what happens on friday
...time to give back!
  • #46,408
  • Dec 20, 2007 8:04pm Dec 20, 2007 8:04pm
I also got the daily Pivot at 1.9880. I'm not doing anything before it crushes that .
Attached Image (click to enlarge)
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  • #46,409
  • Dec 20, 2007 8:06pm Dec 20, 2007 8:06pm
Quoting Hansbrocks
I also got the daily Pivot at 1.9880. I'm not doing anything before it crushes that .
Or short it if it fails to break through.
  • #46,410
  • Dec 20, 2007 8:11pm Dec 20, 2007 8:11pm
Quoting MrFuture
It looks to me like 1.9800 is a good "bouncing" point, just like in August....
what if this trade bounces to 2.0200 on long term support.
  • #46,411
  • Dec 20, 2007 8:15pm Dec 20, 2007 8:15pm
Quoting hijackxx@hotmai
what if this trade bounces to 2.0200 on long term support.
In August, there wasn't as much weight on the movement. Every market condition is different from one that you've seen previously.
I dream, therefore I become.
  • #46,412
  • Dec 20, 2007 8:18pm Dec 20, 2007 8:18pm
Quoting mike w
In August, there wasn't as much weight on the movement. Every market condition is different from one that you've seen previously.
I agree, I do not see a bounce going all the way back to the 2.000 levels...however, I do believe that today we might have a good bounce, unless of course the news comes out crappy for GBP...in that case it could down further...
"Lunch ? Lunch Is For Wimps !"
  • #46,413
  • Dec 20, 2007 8:22pm Dec 20, 2007 8:22pm
I am long @ 1.9865 ...... but a surer entry would have been closer to 1.9900. Looks like GU wants to run for awhile, but not likely that it's straight up from here. IMO
  • #46,414
  • Dec 20, 2007 8:23pm Dec 20, 2007 8:23pm
I am seeing nice moves people...I am liking what I am seeing
"Lunch ? Lunch Is For Wimps !"
  • #46,415
  • Dec 20, 2007 8:23pm Dec 20, 2007 8:23pm
Quoting MrFuture
I agree, I do not see a bounce going all the way back to the 2.000 levels...however, I do believe that today we might have a good bounce, unless of course the news comes out crappy for GBP...in that case it could down further...
I'm actually looking to see that downside. Time will tell. I'm not basing that only on news, although that could be the driver.
I dream, therefore I become.
  • #46,416
  • Dec 20, 2007 8:24pm Dec 20, 2007 8:24pm
Also EURUSD going up nicely...
"Lunch ? Lunch Is For Wimps !"
  • #46,417
  • Dec 20, 2007 9:04pm Dec 20, 2007 9:04pm
Long GU long
  • #46,418
  • Dec 20, 2007 9:22pm Dec 20, 2007 9:22pm
Quoting Hansbrocks
I am probably going to go long after it crossed up the little bull on this chart, for at least 75 pips ( from 1.9880)
heys hansbrocks can u please pm me?
You better be ready for the future, for the future is NOW.
  • #46,419
  • Dec 20, 2007 9:26pm Dec 20, 2007 9:26pm
im going for sell from top
  • #46,420
  • Dec 20, 2007 9:26pm Dec 20, 2007 9:26pm
LONG GU LONG !!!

Santa will come ..........

I Deeply Love My Virtual Life In Virtual World , RLC
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