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Cable Update (GBPUSD)

  • #48,481
  • Jan 7, 2008 5:05am Jan 7, 2008 5:05am
Gbp/Usd ...........

Designer ,

actually ..........
it also looks like price has made a double zig zag formation now

may be we get a small bullish retracement out of this ?

See Chart Below

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( Double Click on chrat to enlarge )
Attached Image (click to enlarge)
Click to Enlarge Name: GBP-01-06-2008-#5.gif Size: 17 KB
  • #48,482
  • Jan 7, 2008 5:43am Jan 7, 2008 5:43am
Quoting marketwavez
Us Dollar

Remember that Coil Pattern from this past Friday's close ?

Just look at at baby go ...........


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( Double click on Chart to enlarge )
hay good call , I LIKE it
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #48,483
  • Jan 7, 2008 5:45am Jan 7, 2008 5:45am
Where is everybody so quiet?
"Invest With The Insiders, Not The Masses" George Muzea
  • #48,484
  • Jan 7, 2008 5:47am Jan 7, 2008 5:47am
quiet.. cuz cable not doing much....i actually am confused with the direction...
  • #48,485
  • Jan 7, 2008 5:55am Jan 7, 2008 5:55am
Quoting Qu|cksilver
Where is everybody so quiet?
are you long? what u think cable can break 9652? this week or we will go big upside like 2.1500??
  • #48,486
  • Jan 7, 2008 6:02am Jan 7, 2008 6:02am
Quoting Qu|cksilver
Where is everybody so quiet?
hi,

Pls are you still long? At what point is your target area? Do you still see much bullish move i entered long at 1.9730 SL: 1.9695 Tp:1.9767.

thanks
"Forex is like a bitch every trader must marry one"
  • #48,487
  • Jan 7, 2008 6:09am Jan 7, 2008 6:09am
nows the time to go long, 1.966 hit, reversal starts
Trade the reaction, not the news!
  • #48,488
  • Jan 7, 2008 6:12am Jan 7, 2008 6:12am
tringle in H4

we can go upside see the screenshot
Attached Image (click to enlarge)
Click to Enlarge Name: tr3.gif Size: 14 KB
  • #48,489
  • Jan 7, 2008 6:18am Jan 7, 2008 6:18am
I put a fib expansion on an up down move back on Jan 2 . I have noticed the market is respecting the levels given on that expansion. (Purple on my 30 min)
There is a fib that has not been touched yet to the downside [font=Times New Roman][size=3][color=#0000ff][email protected][/color][/size][/font]
It could still hit that and be with my overall view that it may bounce from around that level. In any case I would be very wary at that level and the others purple fib numbers as that expansion seems to be holding the market one way or the other.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp-usd 30 min 7 jan fib expansion.gif Size: 19 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #48,490
  • Jan 7, 2008 6:33am Jan 7, 2008 6:33am
Quoting Designer1
tringle in H4

we can go upside see the screenshot
I love triangles,my favourite pattern
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #48,491
  • Jan 7, 2008 7:30am Jan 7, 2008 7:30am
down channel ??
Attached Image (click to enlarge)
Click to Enlarge Name: down channel.gif Size: 20 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #48,492
  • Jan 7, 2008 7:43am Jan 7, 2008 7:43am
hi, could anyone tell me, whether my chart is technically correct?
If yes, can we expect the price to move towards 1.9625?
Attached Image (click to enlarge)
Click to Enlarge Name: 1234.gif Size: 23 KB
  • #48,493
  • Jan 7, 2008 7:55am Jan 7, 2008 7:55am
Quoting Bones
I love triangles,my favourite pattern
a triangle is a shape, not a pattern.............lol............
  • #48,494
  • Jan 7, 2008 8:23am Jan 7, 2008 8:23am
Quoting AmeriTrini
a triangle is a shape, not a pattern.............lol............
I knew someone would say that when I read it back on post,sorry I really never spent much time at school!

Im short at 1.9731 target 1.9636 if it goes that way and channel re confirmed I might go for bottom of channel.

Got a buy stop over FE 61.8 about 30 pips away if Im wrong ill have another look from there.

Whats your plan ????
Attached Image (click to enlarge)
Click to Enlarge Name: down channel.gif Size: 19 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #48,495
  • Jan 7, 2008 8:40am Jan 7, 2008 8:40am
Squeezing in a test of 1.9650 over night...looks like the bottom is in??
  • #48,496
  • Jan 7, 2008 8:42am Jan 7, 2008 8:42am
qs you said why everyone quiet... and now you yourself are quiet...
  • #48,497
  • Jan 7, 2008 9:08am Jan 7, 2008 9:08am
Do you think the price could go up as this chart is on my daily and the price is on the 61.8% fib from the top. Or is it going to go past the fib lvl.
Attached Image
  • #48,498
  • Jan 7, 2008 9:42am Jan 7, 2008 9:42am
Quoting Qu|cksilver
Where is everybody so quiet?
because my wife is being nasty to me
  • #48,499
  • Jan 7, 2008 9:44am Jan 7, 2008 9:44am
Quoting allserene
because my wife is being nasty to me

Hey allserene, why dont you come join us in ceasers thread? So how is Florida?
Just Trade It
  • #48,500
  • Jan 7, 2008 9:44am Jan 7, 2008 9:44am
Quoting AmeriTrini
a triangle is a shape, not a pattern.............lol............
i tried to get in shape then I realised that 'round' is a shape
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