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Cable Update (GBPUSD)

  • #50,841
  • Jan 24, 2008 1:33am Jan 24, 2008 1:33am
according to 15 min,30 min,and also 1 hr chart..the trend is still down...but never see anything like a clue whether its going up or down either...
money is for living
  • #50,842
  • Jan 24, 2008 1:38am Jan 24, 2008 1:38am
up
I'm a little Teapot short and stout.
  • #50,843
  • Jan 24, 2008 1:40am Jan 24, 2008 1:40am
Quoting fibbinarchi
up
reasons my fren?
money is for living
  • #50,844
  • Jan 24, 2008 1:43am Jan 24, 2008 1:43am
Quoting Carrera

Monthly, this pair likes to rebounds out of the 38.2% of the fibo.

Always nice support there.
I will show you my point here.
Take a look of theses charts bellow.


also would i b right that even if we get a hammer candle this month you still need to check the next candle out for confirmation
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #50,845
  • Jan 24, 2008 1:44am Jan 24, 2008 1:44am
do a weekly chart and do a 50 ema, 100 ema, and 200 ema...its at the support of the 100 ema....which is roughly 1.9489...now go back to the H4 chart and draw fibbo...its at the 38.2 fibbo which is 1.9508...two create spear heads of medium...

last night the reason GBP couldnt fall down any more because it hit pivot point support 1 which is 1.9469 and it fluctuates all day today hitting on the 50 EMA of the H4 chart....

it has reached a neutral stand point for now....
  • #50,846
  • Jan 24, 2008 1:45am Jan 24, 2008 1:45am
Most of my shorter time frames show down as well, but also strong support around 1.9510. Not a clear enough direction to trade at this point.
  • #50,847
  • Jan 24, 2008 1:45am Jan 24, 2008 1:45am
Quoting dds_student
do a weekly chart and do a 50 ema, 100 ema, and 200 ema...its at the support of the 100 ema....which is roughly 1.9489...now go back to the H4 chart and draw fibbo...its at the 38.2 fibbo which is 1.9508...two create spear heads of medium...

last night the reason GBP couldnt fall down any more because it hit pivot point support 1 which is 1.9469 and it fluctuates all day today hitting on the 50 EMA of the H4 chart....

it has reached a neutral stand point for now....
so you dont have an idea as to where it may go?
  • #50,848
  • Jan 24, 2008 1:48am Jan 24, 2008 1:48am
Quoting AmeriTrini
so you dont have an idea as to where it may go?
i'm waiting for a sign right now....london market hasnt opened yet....but as you can see it did fluctuates between the points i told you today...so let's wait it out for a bit....im looking at it closely
  • #50,849
  • Jan 24, 2008 1:50am Jan 24, 2008 1:50am
Quoting dds_student
i'm waiting for a sign right now....london market hasnt opened yet....but as you can see it did fluctuates between the points i told you today...so let's wait it out for a bit....im looking at it closely

, look! an omen!
  • #50,850
  • Jan 24, 2008 1:55am Jan 24, 2008 1:55am
the largest market in the world opens in 5mins!
  • #50,851
  • Jan 24, 2008 2:08am Jan 24, 2008 2:08am
here is something fun to look at
Attached Image
  • #50,852
  • Jan 24, 2008 2:10am Jan 24, 2008 2:10am
waiting for direction
Attached Image (click to enlarge)
Click to Enlarge Name: 4 hr triangle.gif Size: 28 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #50,853
  • Jan 24, 2008 2:11am Jan 24, 2008 2:11am
Quoting fibbinarchi
There's the upmove, now down for a bit.

actually its trading within range... look at H1 chart now...do a 50 EMA its 1.9541 and the low is the 38.2 fibbo 1.9508....hmmm any questions?
  • #50,854
  • Jan 24, 2008 2:13am Jan 24, 2008 2:13am
I think we need a significant up move, above 9650 to even consider a change of trend direction. That’s how I see it looking at my charts.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 15min.gif Size: 58 KB
Click to Enlarge Name: 4hr.gif Size: 71 KB
  • #50,855
  • Jan 24, 2008 2:33am Jan 24, 2008 2:33am
Quoting fibbinarchi
Downish, weakened
hmmm....
  • #50,856
  • Jan 24, 2008 2:37am Jan 24, 2008 2:37am
Quoting JuSh
hmmm....
up up, and away we go? .............
  • #50,857
  • Jan 24, 2008 2:46am Jan 24, 2008 2:46am
Quoting AmeriTrini
up up, and away we go? .............
haha hope so...
  • #50,858
  • Jan 24, 2008 2:55am Jan 24, 2008 2:55am
Quoting fibbinarchi
Downish, weakened
stupid cable
  • #50,859
  • Jan 24, 2008 3:08am Jan 24, 2008 3:08am
Quoting Bones
waiting for direction
any idea of where is it going?
  • #50,860
  • Jan 24, 2008 3:12am Jan 24, 2008 3:12am
Maybe i should have waited for the triangle to break... but anyway, i got my 15 pips daily target selling at resistance, so i'm off to work. Tomorrow was straight downish for the cable in the london session, and looks down again, but i don´t think kit would keep going down. What is the opinion about it? Baibai guys
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