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Cable Update (GBPUSD)

  • #54,481
  • Feb 18, 2008 2:38pm Feb 18, 2008 2:38pm
Quoting Scrat
yeah... well, bulls are watching from aside. i agree with you, there are signs that in the near future we might see a rally BUT i don't see any confirmation yet (i mean, as i write).
just a hunch... it's gonna drop more (or move sideways) until wednesday, when we have important news on gbp and usd. i wouldn't open longs right now. IF news are good for gbp (and neutral or bad for usd), or IF g-u continues to drop more until the news... then we'll probably see a rally after that.
thats a gr8 analysis.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #54,482
  • Feb 18, 2008 2:41pm Feb 18, 2008 2:41pm
if theres a bullish retracement now how far will it go ??????????????
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #54,483
  • Feb 18, 2008 2:45pm Feb 18, 2008 2:45pm
on what timeframe?

Quoting salah k.
if theres a bullish retracement now how far will it go ??????????????
Nihil Sine Deo.
  • #54,484
  • Feb 18, 2008 2:48pm Feb 18, 2008 2:48pm
Quoting Scrat
on what timeframe?
4h
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #54,485
  • Feb 18, 2008 2:58pm Feb 18, 2008 2:58pm
i thought this move from 1.9738 was the retracement.
anyway, when the rally starts it should go beyond 1.97. but we'll see.

Quoting salah k.
4h
Nihil Sine Deo.
  • #54,486
  • Feb 18, 2008 3:45pm Feb 18, 2008 3:45pm
wat now back to 19700
too bad i thought we might c 19400 be4 that
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #54,487
  • Feb 18, 2008 3:58pm Feb 18, 2008 3:58pm
before you jump to any conclusions, take a look at this chart.
i wouldn't go long until i see that yellow trendline broken. also, look at the white arrows and then at stochastic (h4 is way oversold, while m30 is overbought); and why don't you take a look at h1 stochastic as well...
so right now i wouldn't say that we're climbing back to 1.97. have patience, you need to take your time and analyze as much as possible.

Quoting salah k.
wat now back to 19700
too bad i thought we might c 19400 be4 that
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 19 KB
Nihil Sine Deo.
  • #54,488
  • Feb 18, 2008 4:04pm Feb 18, 2008 4:04pm
Quoting Scrat
before you jump to any conclusions, take a look at this chart.
i wouldn't go long until i see that yellow trendline broken. also, look at the white arrows and then at stochastic (h4 is way oversold, while m30 is overbought); and why don't you take a look at h1 stochastic as well...
so right now i wouldn't say that we're climbing back to 1.97. have patience, you need to take your time and analyze as much as possible.
thnx man for clearing that up. really im eating up any advice thrown at me.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #54,489
  • Feb 18, 2008 4:36pm Feb 18, 2008 4:36pm
The ideal set-up would be to buy at the third bounce off support after today's fib target is reached. Fundamentals favor the Pound. I wouldn't short it.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.GIF Size: 39 KB
  • #54,490
  • Feb 18, 2008 4:39pm Feb 18, 2008 4:39pm
well im still long from last night, i closed most of it, but im hoping for a 6930, i would recommend people to long at 1.94352 and take a TP at 9600 or 9560
And your mouth dropped
  • #54,491
  • Feb 18, 2008 4:52pm Feb 18, 2008 4:52pm
Short @ 1.9530 targeting 1.9445 (Feb 12 low) sl @ 1.9580. Let's see how it goes.....


Just an info not a reco!
  • #54,492
  • Feb 18, 2008 5:02pm Feb 18, 2008 5:02pm
Quoting 4x_Trader
Short @ 1.9530 targeting 1.9445 (Feb 12 low) sl @ 1.9580. Let's see how it goes.....


Just an info not a reco!
i see that clear as day... i gota make up for my long so im longing at your limit lol
And your mouth dropped
  • #54,493
  • Feb 18, 2008 5:06pm Feb 18, 2008 5:06pm
Quoting 4x_Trader
Short @ 1.9530 targeting 1.9445 (Feb 12 low) sl @ 1.9580. Let's see how it goes.....


Just an info not a reco!
i got the exact same operation but i only have 1.0 lot
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #54,494
  • Feb 18, 2008 5:08pm Feb 18, 2008 5:08pm
only im targeting 19420
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #54,495
  • Feb 18, 2008 5:08pm Feb 18, 2008 5:08pm
Quoting makey2u
i see that clear as day... i gota make up for my long so im longing at your limit lol
Yah just a piece of advice trade with what you see and not what you think I saw a sign one of our bros here in FF that the best indicator aside from price is our eyes!
  • #54,496
  • Feb 18, 2008 5:08pm Feb 18, 2008 5:08pm
Happy trading
Attached Image (click to enlarge)
Click to Enlarge Name: ch1922008.gif Size: 35 KB
Attached Image
  • #54,497
  • Feb 18, 2008 5:09pm Feb 18, 2008 5:09pm
hey makey gr8 job with the chat lobby
looks gr8
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #54,498
  • Feb 18, 2008 5:10pm Feb 18, 2008 5:10pm
Quoting salah k.
i got the exact same operation but i only have 1.0 lot
Let's see how it goes bro happy trading!
  • #54,499
  • Feb 18, 2008 5:10pm Feb 18, 2008 5:10pm
Quoting Abuawad
Happy trading
hey man what took u so long just kiddin
gr8 analysis as usual
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #54,500
  • Feb 18, 2008 5:12pm Feb 18, 2008 5:12pm
Quoting salah k.
hey makey gr8 job with the chat lobby
looks gr8

thanks, but for some reason my web host is lagging and its annoying me
im gonna put the direct link the the chat on my avatar.
And your mouth dropped
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