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Cable Update (GBPUSD)

  • #50,801
  • Jan 23, 2008 2:48pm Jan 23, 2008 2:48pm
Quoting Bones
Hay navin take a look at the weekly there is a clear downtrend since end of Nov we need something bigger than the news today to break it, think short until then the closer you are to that trendline the better
yep we are in a downtrend ....trend is our friend but when is it going to breakout..as i also think we are pretty much on the bottom but yes i trying absolutely to do just that ...that trendline is the best place to go short, only this morning i placed it to go long ....lol silly me
  • #50,802
  • Jan 23, 2008 2:53pm Jan 23, 2008 2:53pm
Quoting AmeriTrini
thank you... prepare for different trendline....
Never Give Up.....
  • #50,803
  • Jan 23, 2008 3:01pm Jan 23, 2008 3:01pm
Quoting AmeriTrini
who thinks that the cable has found a bottom?
I surely believe that this is a down trend but the pound has made a nearly 1800 pip trip south without a decent retracement. . Thus I see bullishness at least in the coming weeks. This is out af a technical standpoint. However, fundamentally things are messed up so much and that's why traders who are not used to take fundamental issues into consideration got burned.
  • #50,804
  • Jan 23, 2008 3:05pm Jan 23, 2008 3:05pm
Quoting AmeriTrini
You may be right still a little early to say ,need a clear break of 1.9700 to confirm ,dont you think or are you long ?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #50,805
  • Jan 23, 2008 3:11pm Jan 23, 2008 3:11pm
Quoting lessy
i do... cable has a new low level as a bottom...
Weekly doesn't look like that.
Daily still in a down trend doing a possible retrace.
Charts said a 1,000 words. See bellow.

Good trades everyone.
Attached Image (click to enlarge)
Click to Enlarge Name: GBP-USD Jan 23-2008 daily chart.png Size: 36 KB
  • #50,806
  • Jan 23, 2008 3:15pm Jan 23, 2008 3:15pm
Quoting Carrera
Weekly doesn't look like that.
Daily still in a down trend doing a possible retrace.
Charts said a 1,000 words. See bellow.

Good trades everyone.
man thats pretty much exactly as I see it
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #50,807
  • Jan 23, 2008 3:19pm Jan 23, 2008 3:19pm
Quoting Bones
You may be right still a little early to say ,need a clear break of 1.9700 to confirm ,dont you think or are you long ?
I think before I act, so I think...........
  • #50,808
  • Jan 23, 2008 3:22pm Jan 23, 2008 3:22pm
Quoting AmeriTrini
I think before I act, so I think...........
Im thinking ,I have no idea what your talking about
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #50,809
  • Jan 23, 2008 3:24pm Jan 23, 2008 3:24pm
Quoting Bones
Im thinking ,I have no idea what your talking about
lol
  • #50,810
  • Jan 23, 2008 3:25pm Jan 23, 2008 3:25pm
Quoting nAVIN2007
lol
me too
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #50,811
  • Jan 23, 2008 3:29pm Jan 23, 2008 3:29pm
Like others... I still see downtrend until the weekly trend is broken above, around 1.97 area. Hoping we can still see 1.92 to 1.91 bottom before GU decides to head back up to the 2.00-2.02 area...

What do you all thing everyone?
  • #50,812
  • Jan 23, 2008 3:43pm Jan 23, 2008 3:43pm
Quoting Carrera
Weekly doesn't look like that.
Daily still in a down trend doing a possible retrace.
Charts said a 1,000 words. See bellow.

Good trades everyone.
Hi. if you are a fibonacci trader, please tell me what you think about this monthly chart.
Attached Image (click to enlarge)
Click to Enlarge Name: GU monthly.png Size: 262 KB
  • #50,813
  • Jan 23, 2008 3:59pm Jan 23, 2008 3:59pm
Quoting Bones
Im thinking ,I have no idea what your talking about
i understand why!
  • #50,814
  • Jan 23, 2008 4:06pm Jan 23, 2008 4:06pm
Quoting AmeriTrini
i understand why!
Look AmeriTrini dont want to argue just have discusion on cable s direction.... intrested in your opinion
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #50,815
  • Jan 23, 2008 5:05pm Jan 23, 2008 5:05pm
Quoting Bones
Look AmeriTrini dont want to argue just have discusion on cable s direction.... intrested in your opinion
there are bull candles on the weekly, daily, and 4hr charts! does that qualify as a change of direction? how the heck can you say, that you dont know what im talking about, do you watch your charts? or wait for people to give you ideas. grow up, and look at your charts!
  • #50,816
  • Jan 23, 2008 5:06pm Jan 23, 2008 5:06pm
Quoting Bones
Im thinking ,I have no idea what your talking about
nice comment smart ass, again look at your charts before you open your mouth. if you looked at your charts, you would have an idea, now would you!
  • #50,817
  • Jan 23, 2008 5:24pm Jan 23, 2008 5:24pm
Quoting AmeriTrini
nice comment smart ass, again look at your charts before you open your mouth. if you looked at your charts, you would have an idea, now would you!
Call me sensitive but i figure you dont agree we could have further set backs here
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #50,818
  • Jan 23, 2008 5:27pm Jan 23, 2008 5:27pm
Quoting Bones
Call me sensitive but i figure you dont agree we could have further set backs here
I digress, would you like to comment on the analysis? or continue in your usual manner?
  • #50,819
  • Jan 23, 2008 5:36pm Jan 23, 2008 5:36pm
Quoting AmeriTrini
I digress, would you like to comment on the analysis? or continue in your usual manner?
ok , i would agree we have had bullish candles ,though not on weekly ,but there has been some crazy action going on with the fed n all that so im not sure how valid they are, i will admit i am not an expert yet but overall i still feel the higher time frames look bearish.I do think anthing is possible in forex so you may b right ,i would just like 1.9700 to be broken before we say we have a bottom ?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #50,820
  • Jan 23, 2008 5:40pm Jan 23, 2008 5:40pm
if u ask me I cant see how the chart show a downward movement all major time frame suggest bullish activity...
spinning top / hammer formation forming on weekly open/close very close to that of previous week, sign of indecision
daily - hammer formation
4 hours - definetely bullish

1 hr time frame looks like neutralization is occuring then possible uptrend movement resumed. It all point upwards.....nothing downwards or am i wrong?
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