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Cable Update (GBPUSD)

  • #57,341
  • Edited 7:10am Mar 6, 2008 7:09am | Edited 7:10am
Quote
we might see 2.100 easily today
Well, the .0100 point is in the middle of nowhere.. it's either we stop at 2.0050-55 or the run might continue to 2.0200 based on charts.. any comments?
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  • #57,342
  • Mar 6, 2008 7:13am Mar 6, 2008 7:13am
Quoting karmostaji
If IR is put on hold, we should see 2.0055 easily
On the other hand if they cut, market will go nuts lol
Good call; hope you were in the market. Unfortunately I was late to my computer and only took a small scalp.

Cheers,
cometguy
  • #57,343
  • Mar 6, 2008 7:13am Mar 6, 2008 7:13am
I hope someone can give me 1 more vote on my 1KT status
Heres my prediction at 5 am GMT this morning
Attached Image (click to enlarge)
Click to Enlarge Name: day.gif Size: 39 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #57,344
  • Mar 6, 2008 7:14am Mar 6, 2008 7:14am
Quoting karmostaji
was there any dought
If I Go Broke Trying Then I Will die happy.
  • #57,345
  • Mar 6, 2008 7:16am Mar 6, 2008 7:16am
Quoting Abuawad
06-03-2008
Well well cable hit the second target for today at 2.0055 from 1.9940 with +115 pip, we can see the third target at 2.0130… but I’m satisfy with the second target for today…
See you gentlemen tomorrow
  • #57,346
  • Mar 6, 2008 7:18am Mar 6, 2008 7:18am
bit of a retrace now after being rebounced back at 20055, wait for a bounce back up
Tom(uk)
  • #57,347
  • Mar 6, 2008 7:22am Mar 6, 2008 7:22am
on the 23% fibo line now
Tom(uk)
  • #57,348
  • Mar 6, 2008 7:23am Mar 6, 2008 7:23am
Quoting Bones
I hope someone can give me 1 more vote on my 1KT status
Heres my prediction at 5 am GMT this morning
if i could i would u deserve it my friend
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #57,349
  • Mar 6, 2008 7:23am Mar 6, 2008 7:23am
the 38% fibo retrace is at 2.0008
we will see
Tom(uk)
  • #57,350
  • Mar 6, 2008 7:24am Mar 6, 2008 7:24am
Quoting karmostaji
This is how forex works and I'm talking from experience.

2.0055 will come shortly






"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #57,351
  • Mar 6, 2008 7:33am Mar 6, 2008 7:33am
Just got used to the slow range bound stuff and it all goes nuts


Decisions, decisions!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #57,352
  • Mar 6, 2008 7:36am Mar 6, 2008 7:36am
It should bounce up again off the 2.000 round number
Tom(uk)
  • #57,353
  • Mar 6, 2008 8:02am Mar 6, 2008 8:02am
Yeah I traded that, was +25pips thought YES, hit Exit and closed at -1.2pips.

Looks like its stopped quoting and -1.2pips is the spread currently, so hopefully it'll sort itself out shortly!!!

ARRRGGGGHHHHHHHHHHHHHHH!!

Looks like the Alpari feed lags @30seconds behind the FXCM feed aswell, which is just confusing or FXCM was about to blow up!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #57,354
  • Mar 6, 2008 8:10am Mar 6, 2008 8:10am
Quoting salah k.






30 pips ... not so bad .... Up more cable ...
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #57,355
  • Mar 6, 2008 8:16am Mar 6, 2008 8:16am
im thinking that dollar might rebound tomorrow or next week. does anybody have a clue because if dollar rebounds we might see a strong bearish move in the markets from commodities to currencies.

any feedback???
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #57,356
  • Mar 6, 2008 8:21am Mar 6, 2008 8:21am
Any comments on the long-legged doji there at the H1 chart?

http://img177.imageshack.us/img177/5983/123lm1.png

Ref: http://www.streetauthority.com/terms/doji.asp
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  • #57,357
  • Mar 6, 2008 8:24am Mar 6, 2008 8:24am
check this bearish pattern on the daily chart
Attached Image (click to enlarge)
Click to Enlarge Name: note2.gif Size: 51 KB
  • #57,358
  • Mar 6, 2008 8:30am Mar 6, 2008 8:30am
Quoting Abuawad
check this bearish pattern on the daily chart
Hello Abu Awad again,

Is this Gartley again? the dimensions do not match with the exact/perfect garley.. or does this not matter?!

I mean.. i just tried to draw it, it is a perfect (W) shape but the angle/size of the sides is different from those explained by the original Gartley pattern.. aren't dimensions an important thing in such cases?

Thanks for the hint, will play it with it a little!!
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  • #57,359
  • Mar 6, 2008 8:38am Mar 6, 2008 8:38am
Abuawad, great analysis for today, it works perfectly.
  • #57,360
  • Mar 6, 2008 8:51am Mar 6, 2008 8:51am
Quoting abuzant
Hello Abu Awad again,

Is this Gartley again? the dimensions do not match with the exact/perfect garley.. or does this not matter?!

I mean.. i just tried to draw it, it is a perfect (W) shape but the angle/size of the sides is different from those explained by the original Gartley pattern.. aren't dimensions an important thing in such cases?

Thanks for the hint, will play it with it a little!!
i use the panit to draw it so it will be not that accurit angle/ size ...
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