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Cable Update (GBPUSD)

  • #55,281
  • Feb 21, 2008 3:10pm Feb 21, 2008 3:10pm
oh yea.. my TP is at 9550 lol
forgot to mention that GOOD job Guys!!!
And your mouth dropped
  • #55,282
  • Feb 21, 2008 3:14pm Feb 21, 2008 3:14pm
Quoting makey2u
oh yea.. my TP is at 9550 lol
forgot to mention that GOOD job Guys!!!
thx god u got the target..was close huh?
  • #55,283
  • Feb 21, 2008 3:18pm Feb 21, 2008 3:18pm
ALL RIGHT DUDES IS 0:15 IN BAGHDAD CITY I HAVE TO GO TO BED....GOT TO BE UP EARLY 2MORROW.

HAPPY TRADING.............
DISCIPLINE IS THE KEY TO SUCCESS!!!:nerd:
  • #55,284
  • Feb 21, 2008 3:20pm Feb 21, 2008 3:20pm
Quoting got pips?
ALL RIGHT DUDES IS 0:15 IN BAGHDAD CITY I HAVE TO GO TO BED....GOT TO BE UP EARLY 2MORROW.

HAPPY TRADING.............
good luck man ..it must be tough being out there!
u deserve all yur pips
  • #55,285
  • Feb 21, 2008 3:24pm Feb 21, 2008 3:24pm
Quoting AmeriTrini
This guy doesn't want to learn how to fish, he wants to eat the fish though.

im trading on a demo account so that imaginary fish doesnt feed my appetite.
anyway i am trying to make a strategy by learning from the best.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #55,286
  • Feb 21, 2008 3:28pm Feb 21, 2008 3:28pm
Quoting nAVIN2007
thx god u got the target..was close huh?
Yea dude, but once i saw the break at 9560 and up, i knew where she was heading, i had my eye close to it, it was at 5:30EST lol now i get to sleeeeeep
And your mouth dropped
  • #55,287
  • Feb 21, 2008 3:51pm Feb 21, 2008 3:51pm
Hey guys I know what you saying about a retrace here but I really think she wants to break now, is that wishful thinking, lol
Anyways I going wait for close though I must admit I am shattered myself
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #55,288
  • Feb 21, 2008 3:56pm Feb 21, 2008 3:56pm
Just my analysis, any comments welcome.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBP-USD AB=CD PATTERN FEB. 21 - 2008.png Size: 39 KB
Click to Enlarge Name: GBP-USD - 2 AB=CD PATTERN FEB. 21 - 2008.png Size: 47 KB
  • #55,289
  • Feb 21, 2008 4:07pm Feb 21, 2008 4:07pm
looking at the candles in a 4 hour time frame they show a possible retracement to fibo line 61.8 : 19537.

sounds highly unlikely i know but RSI shows that it is way overbought. almost around 83.
any feedback would b appreciated.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #55,290
  • Feb 21, 2008 4:22pm Feb 21, 2008 4:22pm
This post is for Ash.

Entry at 1.9457.. And trail the SL along the T1, T2 and so on.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd_trade.gif Size: 31 KB
.
  • #55,291
  • Feb 21, 2008 4:22pm Feb 21, 2008 4:22pm
I do not use RSI but if its in overbought you look to wait for it to fall out of there back down through 70 for a sell or divergence. It can be in overbought for some time in a strong trend.
Thanks for your charts again Carrera ,I am thinking plan 2 btw
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #55,292
  • Feb 21, 2008 4:23pm Feb 21, 2008 4:23pm
Quoting salah k.
im trading on a demo account so that imaginary fish doesnt feed my appetite.
anyway i am trying to make a strategy by learning from the best.
salah k if i can offer some advice, i use to try every system i could find but it didn't work at least not for me. now i know why it didn't work for me but it work for the person that designed it, it is because a lot of hard work and flustration went into it he understands it and believed in it.
now i have my own and i am slowly making it better, it was the best thing i could have done. i must admit it did take me a year to see the light.
Do yourself a big favour and really study how to draw suport & resistance lines as well as fibs and how to use them you can only benefit from it.
good luck http://www.forexfactory.com/images/icons/icon12.gif
  • #55,293
  • Feb 21, 2008 4:24pm Feb 21, 2008 4:24pm
Quoting bullrock
This post is for Ash.

Entry at 1.9457.. And trail the SL along the T1, T2 and so on.
Humble Lifetime Member
  • #55,294
  • Feb 21, 2008 4:25pm Feb 21, 2008 4:25pm
Price is finally now in line with momentum, which are still up on my daily chart. Watch the next daily candle for a hint at where this is going. My guess is that it follows the lead of the Euro up, but watch closely.
  • #55,295
  • Feb 21, 2008 4:29pm Feb 21, 2008 4:29pm
Would anybody go short from here? Resistance at 1.9638, stoch overbought, etc.
Thanks.
  • #55,296
  • Feb 21, 2008 4:31pm Feb 21, 2008 4:31pm
Quoting boomer1
salah k if i can offer some advice, i use to try every system i could find but it didn't work at least not for me. now i know why it didn't work for me but it work for the person that designed it, it is because a lot of hard work and flustration went into it he understands it and believed in it.
now i have my own and i am slowly making it better, it was the best thing i could have done. i must admit it did take me a year to see the light.
Do yourself a big favour and really study how to draw suport & resistance lines as well as fibs and how to use them you can only benefit from it.
good luck http://www.forexfactory.com/images/icons/icon12.gif
thnx for the advice.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #55,297
  • Feb 21, 2008 4:38pm Feb 21, 2008 4:38pm
Quoting mktjong
Would anybody go short from here? Resistance at 1.9638, stoch overbought, etc.
Thanks.
Only if I reverse my screen.
.
  • #55,298
  • Feb 21, 2008 4:41pm Feb 21, 2008 4:41pm
euro and cable have the last 4 or 5 candlesticks almost in the same pattern. plus stochastic and rsi almost identical.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #55,299
  • Feb 21, 2008 4:41pm Feb 21, 2008 4:41pm
Quoting bullrock
Only if I reverse my screen.
BullRock, what makes you think it is continue to trend up? Mind to share? Thanks.
  • #55,300
  • Feb 21, 2008 4:42pm Feb 21, 2008 4:42pm
Quoting mktjong
Would anybody go short from here? Resistance at 1.9638, stoch overbought, etc.
Thanks.
i was thinking about it but it seems risky.
all my technicals so far indicate a correction to the 9550 area but cables bullish momentum seems invincible.
"what doesn't bankrupt me, makes me stronger" modern nietzche
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