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Cable Update (GBPUSD)

  • #47,341
  • Dec 28, 2007 7:26am Dec 28, 2007 7:26am
hi,.......look my chart.......if cable touch line 1.9940 ..i think it will go down.......
Attached Image (click to enlarge)
Click to Enlarge Name: gbp ku.gif Size: 26 KB
be patient, self-belief and discipline... stay focus...
  • #47,342
  • Dec 28, 2007 7:30am Dec 28, 2007 7:30am
Quoting FXdaily
DOOOOOOOOOOOWNN we going today 1.98 area ...

short @ 2.0004..
Never Give Up.....
  • #47,343
  • Edited 7:43am Dec 28, 2007 7:39am | Edited 7:43am
Quoting don_tgomez
Hi Debo,

I respect your insightful analysis most of the tme.

In your quote above is your what time frame is your analysis based is it the daily?

And beside, there is an evening star on the 1hr chart frame which portends a looming downfall for the cable as well as divergence on MACD.

I am of the opinion that after the news which i think may have been factored into the market the cable should go down....

May the pips be with you.
i always use 4 hour and 1 hour chart ... really us news seems negative ... for me i stop trading on friday just watch
really weekly pivot @ 1.9955 it could rebound or retrace from there or it may go little down 1.9940 ... depend on us news
  • #47,344
  • Dec 28, 2007 7:43am Dec 28, 2007 7:43am
Quoting jacobtrader
there is good buying pressure.
However technically i do see GBP/USD to go up..
how do you see that technically, when the trend is bearish according to the daily and weekly timeframe?
  • #47,345
  • Dec 28, 2007 7:55am Dec 28, 2007 7:55am
the pair will move up..
the current low is higher then previous low.
the current high is higher then previous peak
there are many indicators indicating for push up

BUY is the good call.

i will attach the image
  • #47,346
  • Dec 28, 2007 7:58am Dec 28, 2007 7:58am
Look at the chart.. it will understand u
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 35 KB
  • #47,347
  • Dec 28, 2007 8:02am Dec 28, 2007 8:02am
hmm short...im short at 1.9995 ...stop/loss at 1.9994..wait for news..
be patient, self-belief and discipline... stay focus...
  • #47,348
  • Dec 28, 2007 8:03am Dec 28, 2007 8:03am
Quoting jacobtrader
Look at the chart.. it will understand u
I understand your indicators exploded.

The trend, and price, is down.

The trend is your friend, or your worst enemy if you fight it.
  • #47,349
  • Dec 28, 2007 8:03am Dec 28, 2007 8:03am
good trade ... I've followed you ... now I've a great gain
  • #47,350
  • Dec 28, 2007 8:05am Dec 28, 2007 8:05am
Quoting jacobtrader
Look at the chart.. it will understand u
said long for cable..
be patient, self-belief and discipline... stay focus...
  • #47,351
  • Dec 28, 2007 8:11am Dec 28, 2007 8:11am
right now GBP/USD is making Harami Pattern.. Which is good signal for bullish technially..

lots of other factors..

well market waits for USD data.. though technically its up it will clear 2.0008 again..
  • #47,352
  • Dec 28, 2007 8:12am Dec 28, 2007 8:12am
the only thing is give time.. if ur study is correct u will be in money
i hold usd/jpy for around 4-5 days.. though my studies were correct, and today we saw it went all the way to 112.70

thats what i learnt.... patience..
  • #47,353
  • Dec 28, 2007 8:28am Dec 28, 2007 8:28am
Quoting jacobtrader
right now GBP/USD is making Harami Pattern.. Which is good signal for bullish technially..

lots of other factors..

well market waits for USD data.. though technically its up it will clear 2.0008 again..
Hi,

Are you in any trade right now? If not at what point do you go long?
"Forex is like a bitch every trader must marry one"
  • #47,354
  • Dec 28, 2007 8:31am Dec 28, 2007 8:31am
oops i missed .........

i should say cable down and target is 9888

once it will reach that point very big uptrend willl come

i see uptrend coming i havent seen it should go down littlle more!
  • #47,355
  • Dec 28, 2007 8:39am Dec 28, 2007 8:39am
Quoting Designer1
Cable will not fall down thats for sure!

Anyone that listens to this knucklehead should have his head examined.
  • #47,356
  • Dec 28, 2007 8:41am Dec 28, 2007 8:41am
is it time to go long?
Never Give Up.....
  • #47,357
  • Dec 28, 2007 8:44am Dec 28, 2007 8:44am
Not yet.
Just wait until the next news release. Maybe you can loose some pips. But that would make sure for your trade.
  • #47,358
  • Dec 28, 2007 8:45am Dec 28, 2007 8:45am
don't you think the price has broken the uptrend channel from around December 5th? and the low point of MACD is much lower the previous one?

Quoting jacobtrader
Look at the chart.. it will understand u
  • #47,359
  • Dec 28, 2007 8:45am Dec 28, 2007 8:45am
Quoting SpongeWorthy
Anyone that listens to this knucklehead should have his head examined.
i am not doing trades from years i just in from 4 to 5 months
and this is time period is huge learning things


so today good learn i have nt seen partial declien point

my call is it will HUGE movement for Upside but for that

i am still stick with that but i have not checked its little more down
before go up -- should be 9888 target and then move up
  • #47,360
  • Dec 28, 2007 8:46am Dec 28, 2007 8:46am
Quoting don_tgomez
Hi,

Are you in any trade right now? If not at what point do you go long?
I am long already..
And i am patiently waiting..

Attached chart will give u further technical idea.. tht we r looking upwardsz
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd1.gif Size: 29 KB
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Jewel1996
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