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Cable Update (GBPUSD)

  • #5,341
  • Jan 9, 2007 9:43am Jan 9, 2007 9:43am
If the price will hit 1.9382 i will enter a long trade.
We have there CPP, 38 retracement of this week's upmovement, price is oversold on the 1h and 15 min chart.

Good hunting !!
  • #5,342
  • Jan 9, 2007 11:02am Jan 9, 2007 11:02am
GPP/ usd has done a 70 pips range, today.

I suppose in a few minutes it will fly. I can see it at 1.9504. Today ? Tomorrow ?

Let's see it.

Quoting sebytim
If the price will hit 1.9382 i will enter a long trade.
We have there CPP, 38 retracement of this week's upmovement, price is oversold on the 1h and 15 min chart.

Good hunting !!
  • #5,343
  • Jan 9, 2007 11:20am Jan 9, 2007 11:20am
on the 1h chart we have a wedge formed...
is it a bullish formation ?

let's see after the git on 1.9381-83 if will go up with power...

Quoting sebytim
GPP/ usd has done a 70 pips range, today.

I suppose in a few minutes it will fly. I can see it at 1.9504. Today ? Tomorrow ?

Let's see it.
  • #5,344
  • Jan 9, 2007 12:11pm Jan 9, 2007 12:11pm
has anyone ever died waiting for this to move???? shoulda played the usd/jpy, i tmoved 150 pips and they were closed on monday!!!
  • #5,345
  • Jan 9, 2007 2:11pm Jan 9, 2007 2:11pm
Quoting mtrmth
has anyone ever died waiting for this to move???? shoulda played the usd/jpy, i tmoved 150 pips and they were closed on monday!!!
lol, cable has been a little slow today
Pip Goes The Weasel
  • #5,346
  • Jan 9, 2007 4:35pm Jan 9, 2007 4:35pm
Well, this is really boring. Cable is sitting on EMA-50 on the 10m and 1hr charts. A little tease from RSI that things may drift up, a little cold water from MACD that nothing is going to change for a couple of hours yet.

imho, in the next 2-3 hours 9460 will see a strengthening up-trend, and 9340 a resumed down-trend. However maybe all are waiting for Thursday 12:00 GMT when the rates are out. We also have trade balance from the US before that and I suspect the figures will be better than expected due to the warmer weather at the moment.
Minesweeper target: 284
  • #5,347
  • Edited Feb 3, 2007 2:51am Jan 9, 2007 4:38pm | Edited Feb 3, 2007 2:51am
Its the time of Day. {link removed, see rule #3}
{Link Removed Rule #3}
  • #5,348
  • Jan 9, 2007 4:54pm Jan 9, 2007 4:54pm
Ok this is my prediction for tomorrow

Due to slow day today i think we are going to move up tomorrow at least before the news unless Asians (and Aussies ) can pull it down considerably in the coming session. So if cable penetrates 9350 and stays there for a while then id be bearish but if it doesnt then im bullish for European session tomorrow morning.
  • #5,349
  • Jan 9, 2007 4:56pm Jan 9, 2007 4:56pm
What am I talking about ! I meant 9370 for resumed down-trend .
Minesweeper target: 284
  • #5,350
  • Jan 9, 2007 8:41pm Jan 9, 2007 8:41pm
GBP has now moved at least 40 points down since opening of daily candle at 6 PM est.... this means only 13% chance price direction will reverse. If price goes down another 10 pips, then there is only an 8% chance price direciton will reverse... this from goodthings

"""Very Simple System""" from TRO

Daily chart when price gets to xx00 xx25 xx50 xx75

If daily candle is red, Go short If daily candle is green, Go long

OK, it is not much... but it is simple... and I have actually tried to add something useful to this forum for a change.
  • #5,351
  • Jan 9, 2007 9:24pm Jan 9, 2007 9:24pm
Quoting Tiki Trader
GBP has now moved at least 40 points down since opening of daily candle at 6 PM est.... this means only 13% chance price direction will reverse. If price goes down another 10 pips, then there is only an 8% chance price direciton will reverse... this from goodthings

"""Very Simple System""" from TRO

Daily chart when price gets to xx00 xx25 xx50 xx75

If daily candle is red, Go short If daily candle is green, Go long

OK, it is not much... but it is simple... and I have actually tried to add something useful to this forum for a change.
Sorry, Tiki, but I'm a little slow. what do you mean 'when price gets to xx25 xx50 etc'. You mean when it retraces to those points or reaches those points in a trend or both?
  • #5,352
  • Jan 9, 2007 9:54pm Jan 9, 2007 9:54pm
TRO;s system simply says that ... does not say in a trend or when for any other reason... When price reached 1.9350... I checked daily candle... it is red, that and based on goodthings stats... I have gone short for 30 pips...

Mainly I have been bored stiff today with GBP... time to go to sleep... want to make a trade...

Don't worry... it's a small trade !!

But goodtings stats ROCK !!! I am seriously thinking I can make a system from his stuff
  • #5,353
  • Jan 9, 2007 9:56pm Jan 9, 2007 9:56pm
Short order @ 1.9334 placed,
If hit tomorrow I'm in it to win it
  • #5,354
  • Jan 9, 2007 10:06pm Jan 9, 2007 10:06pm
Quoting kharvell
Short order @ 1.9334 placed,
If hit tomorrow I'm in it to win it
Hi kharvell,

Are you entering this order based on your system?
Is your SL my TP?
  • #5,355
  • Jan 9, 2007 10:20pm Jan 9, 2007 10:20pm
Quoting kenmania
Hi kharvell,

Are you entering this order based on your system?
Indeed I am Ken, indeed I am
  • #5,356
  • Jan 10, 2007 2:22am Jan 10, 2007 2:22am
Long 1.9362... waiting to hit my target of M# 1.9427.....
Use a system that works for YOU
  • #5,357
  • Jan 10, 2007 11:11pm Jan 10, 2007 11:11pm
Ok, what happened to this thread it's been real quiet lately? Where's MoneyMaster and Fixittoome? Let's keep this thread going as it's very informative and with as crazy as the cable is it's nice to put our heads together and explain what we're all seeing!
If you can't produce some results and make some serious PIPS, YOU'RE FIRED!
  • #5,358
  • Jan 11, 2007 1:31am Jan 11, 2007 1:31am
New thread, see here:
http://www.forexfactory.com/forexfor...&page=74&pp=15
  • #5,359
  • Jan 11, 2007 6:38am Jan 11, 2007 6:38am
Quoting tinaroel
Long 1.9362... waiting to hit my target of M# 1.9427.....
target hit.... but should have held on.... what a spike!!
Use a system that works for YOU
  • #5,360
  • Jan 11, 2007 6:51am Jan 11, 2007 6:51am
Quoting tinaroel
target hit.... but should have held on.... what a spike!!

Friday is PENGHULU segala Hari-(pls interept this in English)..If can,try to Take Profit on Friday..u will know the PIPS different..

Wsalam
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