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Cable Update (GBPUSD)

  • #53,801
  • Feb 14, 2008 4:19pm Feb 14, 2008 4:19pm
Quoting Acs_112
I dont think you should worry to much about things like that. You can never be sure when news like that will filter through to the markets.

You can only go with what you have in front of you on the charts. If you learn to understand and Familiarise yourself with the patterns you can look to take advanatge of opportunities.

At the moment im long on cable while it remains above 1.9670 but if we make another test and failure at 1.9738 i would prehaps move to short. However i can not say yet as every minute that passes more of the puzzle is revealed. I think one needs to learn to follow the charts and not attempt to have them predict the future to you.

Be ready to change your decisions at any time dont let yourself have a fixed mind set leading to a bias on a particular direction.

just my thoughts
thnx that makes sense
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #53,802
  • Feb 14, 2008 4:34pm Feb 14, 2008 4:34pm
I have an aversion shorting, I'm real careful when i do.. only when the market is way over sold
  • #53,803
  • Feb 14, 2008 4:56pm Feb 14, 2008 4:56pm
Hay Ameri what do you reckon on this smooth up trend, does it make you nervous ,come on I know your there,lol
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #53,804
  • Edited 5:20pm Feb 14, 2008 5:06pm | Edited 5:20pm
Quoting Bones
Hay Ameri what do you reckon on this smooth up trend, does it make you nervous ,come on I know your there,lol
Bones,
lol, yea Im here now. The smooth uptrend(confidence by the masses in taking this pair up) is very appealing, a choppy uptrend I would be cautious about. I am waiting to buy on a dip, again...........lol
  • #53,805
  • Feb 14, 2008 5:06pm Feb 14, 2008 5:06pm
Quoting forexmoments
Yeah, and you talk as if you are STIFX.
he's giving that broker a bad name.
If I Go Broke Trying Then I Will die happy.
  • #53,806
  • Feb 14, 2008 5:16pm Feb 14, 2008 5:16pm
15-2-2008
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  • #53,807
  • Feb 14, 2008 5:23pm Feb 14, 2008 5:23pm
At trendline resistance on daily.

Tread with caution.

Good day to take an early weekend.

Strange: Major divergence on daily stoci...as if more buyer then price indicates.
  • #53,808
  • Feb 14, 2008 5:27pm Feb 14, 2008 5:27pm
Abuawad you have been busy
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #53,809
  • Feb 14, 2008 5:30pm Feb 14, 2008 5:30pm
Quoting AmeriTrini
Bones,
lol, yea Im here now. The smooth uptrend(confidence by the masses in taking this pair up) is very appealing, a choppy uptrend I would be cautious about. I am waiting to buy on a dip, again...........lol
would you call 1.9620 a dip
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #53,810
  • Edited 5:36pm Feb 14, 2008 5:32pm | Edited 5:36pm
Quoting Bones
would you call 1.9620 a dip
nah, thats breaking support. If it reaches that, go short, but I really doubt it'll hit that.

I call around ~1.9650 a dip
  • #53,811
  • Feb 14, 2008 5:54pm Feb 14, 2008 5:54pm
Quoting TIckerShuffl
At trendline resistance on daily.

Tread with caution.

Good day to take an early weekend.

Strange: Major divergence on daily stoci...as if more buyer then price indicates.
I looked at the major stoch divergence thing and am not seeing it could you post it please

ps I dont use these indicators but believe in divergence trades
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #53,812
  • Feb 14, 2008 5:56pm Feb 14, 2008 5:56pm
Quoting salah k.
i guess that would be in november 07 be4 it hit 2.11
Actually late Oct07, then prior to that Jul/Aug07, not exactly common.

Doesn't mean a lot by itself - depends on context
Darkness lies one inch ahead..
  • #53,813
  • Feb 14, 2008 5:56pm Feb 14, 2008 5:56pm
H4
D1 graph shows that the pair is being locked in a range. There’s nothing remarkable happening on H4 graph, except indicators saying that it is time for “a-a+” trend to be broken downwards. Upon its breaking the pair will start a descending movement to specified targets.
http://forexmillion.com/images/GRAPH...bpusd%20h4.gif

D1
http://forexmillion.com/images/GRAPH...bpusd%20d1.gif
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  • #53,814
  • Feb 14, 2008 6:02pm Feb 14, 2008 6:02pm
Quoting fxmillion
H4
D1 graph shows that the pair is being locked in a range. There’s nothing remarkable happening on H4 graph, except indicators saying that it is time for “a-a+” trend to be broken downwards. Upon its breaking the pair will start a descending movement to specified targets.
that sounds reasonable since im sure UK fundamentals wills upport the downtrend.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #53,815
  • Feb 14, 2008 6:17pm Feb 14, 2008 6:17pm
Nice analysis fxmillion. I got similar support levels on the way down via different methods. Always nice to get confirmation via different roads.
"Timing Is Everything. Really I Swear It Is"
  • #53,816
  • Feb 14, 2008 6:20pm Feb 14, 2008 6:20pm
Quoting TexasforEX
Nice analysis fxmillion. I got similar support levels on the way down via different methods. Always nice to get confirmation via different roads.
so do u think that tomorrow we will c pound breaks its upward momentum????????????
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #53,817
  • Feb 14, 2008 6:37pm Feb 14, 2008 6:37pm
My forecast for now thru close on Friday is continued USD strength across the board. The yen is a bit of a wildcard with the rate announcement, but it should dive. (usd/jpy goes up). gbp/usd needs to get thru 1.9660 to start the wheels in motion.

Be warned newbie, a trader has to be nimble and adjust analysis on the fly many times because the forex road has many many curves.
"Timing Is Everything. Really I Swear It Is"
  • #53,818
  • Feb 14, 2008 6:43pm Feb 14, 2008 6:43pm
Quoting TexasforEX
My forecast for now thru close on Friday is continued USD strength across the board. The yen is a bit of a wildcard with the rate announcement, but it should dive. (usd/jpy goes up). gbp/usd needs to get thru 1.9660 to start the wheels in motion.

Be warned newbie, a trader has to be nimble and adjust analysis on the fly many times because the forex road has many many curves.
thnx man i appreciate the advice.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #53,819
  • Feb 14, 2008 7:14pm Feb 14, 2008 7:14pm
thanks Abuawad and fxMillion.

first one technically helpful and the another one fundamentally right. great analisys.....
  • #53,820
  • Feb 14, 2008 8:19pm Feb 14, 2008 8:19pm
near term supply demand
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