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Cable Update (GBPUSD)

  • #61,961
  • Edited 1:18pm Apr 17, 2008 1:07pm | Edited 1:18pm
Quoting Runway Trade
After all this wafel I still have no idea why cable rallied and all other dollar pairs did nothing, yen did nothing, euro had a bit a bit of a dip, aussie stayed stable. Why this jump in cable?
i have to be honest bro ....we bouncing of trendlines...we hit the top of weekly and bounced, we are not in a uptrend..i dont understand why people think we are ..have a look at yur chart im sure u will see that the trend is down ....weekly chart trend line is still intact....we only in uptrend when the daily close shows a break out...id wait to see if this is thte case b4 u longing anything ..i went short and bloody thing went up.....LOL

It will be interesting to see how this pans out...right now im just confused about the movement..the weekly was bearish..who unless theres inside info can predict such a movement...if any1 can then please tell me/ show me..

how does this chart show we are in uptrend?
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  • #61,962
  • Apr 17, 2008 1:16pm Apr 17, 2008 1:16pm
Quoting nAVIN2007
i have to be honest bro ....we bouncing of trendlines...we hit the top of weekly and bounced, we are not in a uptrend..i dont understand why people think we are ..have a look at yur chart im sure u will see that the trend is down ....weekly chart trend line is still intact....we only in uptrend when the daily close shows a break out...id wait to see if this is thte case b4 u longing anything ..i went short and bloody thing went up.....LOL

It will be interesting to see how this pans out...right now im just confused about the movement..the weekly was bearish..who unless theres inside info can predict such a movement...if any1 can then please tell me/ show me..
i hate to say it bro but 4h show we broke the bearish channel and closed above it.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #61,963
  • Apr 17, 2008 1:22pm Apr 17, 2008 1:22pm
Quoting salah k.
i hate to say it bro but 4h show we broke the bearish channel and closed above it.
i know the 4hr is broken but we still in the current trend...look at the weekly..
salah your right most likely but i have a chance so long as the weekly line doesnt break....so i ride the she devil to hell .....lol
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  • #61,964
  • Apr 17, 2008 1:23pm Apr 17, 2008 1:23pm
Quoting nAVIN2007
It will be interesting to see how this pans out...right now im just confused about the movement..the weekly was bearish..who unless theres inside info can predict such a movement...if any1 can then please tell me/ show me..
Uhm no one may have predicted it, someone just created it
  • #61,965
  • Apr 17, 2008 1:32pm Apr 17, 2008 1:32pm
Quote
i know the 4hr is broken but we still in the current trend...look at the weekly..

Well if you see it on weekly then you are taking position for weeks to come. Right?
From what I think, if 4hour trendline was broken, then I'll wait for daily trendline, if that's broken too, then I'll wait for weekly. While I watch that happened, I follow the currents, I'm just a very tiny fish in the river with other big fishes.
Don't worry, life's too short
  • #61,966
  • Apr 17, 2008 1:37pm Apr 17, 2008 1:37pm
Quoting Toleot
Well if you see it on weekly then you are taking position for weeks to come. Right?
From what I think, if 4hour trendline was broken, then I'll wait for daily trendline, if that's broken too, then I'll wait for weekly. While I watch that happened, I follow the currents, I'm just a very tiny fish in the river with other big fishes.
all the time frame integrate to form a big picture..the weekly projected a week which is meant to be bearish ....doesnt look this way to me, im learning trying to put the pieces together, seeing what works
  • #61,967
  • Apr 17, 2008 1:54pm Apr 17, 2008 1:54pm
Quoting nAVIN2007
i know the 4hr is broken but we still in the current trend...look at the weekly..
salah your right most likely but i have a chance so long as the weekly line doesnt break....so i ride the she devil to hell .....lol
oh you have met my wife ?

I can say that coz she is out of town for 4 days with no internet hahaha !
  • #61,968
  • Apr 17, 2008 1:57pm Apr 17, 2008 1:57pm
Quoting allserene
oh you have met my wife ?

I can say that coz she is out of town for 4 days with no internet hahaha !


i think i went over board with the long term view..shoulda just stuck to the dailly and should also listen to u about the longs, good call buddy well in advance too..
  • #61,969
  • Apr 17, 2008 2:03pm Apr 17, 2008 2:03pm
guys can u imagine this 4 hr chart current candle....ending in a doji and the next 4 hrs bearish ...even star formation...that would be good news for me ..lol

see all the long turn to shorts ..would be excellent huh?

wishfull thinking the blue candle to damn big otherwise might have happened...
  • #61,970
  • Apr 17, 2008 2:21pm Apr 17, 2008 2:21pm
Quoting nAVIN2007
guys can u imagine this 4 hr chart current candle....ending in a doji and the next 4 hrs bearish ...even star formation...that would be good news for me ..lol

see all the long turn to shorts ..would be excellent huh?

wishfull thinking the blue candle to damn big otherwise might have happened...
Yes its too strong isnt it - my short term short came back to b/e - s/l
(only just and pipped it - as usual)

Well if this isnt a trend reversal then we are in a super place to short. If it is a trend reversal then as Cesarnc used to say - 'it's like jumping in front of a train'

They say you should never fight the FED and I suppose its the same for the ECB - they want a higher gbp so presumably they will get it. But will there be a punch up first.

Usually when it hangs like this without much of a dip, its a precursor to another rise - there are no nerves showing at all.

and still Thursday so elbow room between here and week's closing

just thinking aloud
  • #61,971
  • Apr 17, 2008 2:21pm Apr 17, 2008 2:21pm
Quoting nAVIN2007
wishfull thinking the blue candle to damn big otherwise might have happened...
the bigger they are the harder they fall
after such a big bullish move we are bound to see a retracement so u will get ur shot at closing ur sells.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #61,972
  • Apr 17, 2008 2:32pm Apr 17, 2008 2:32pm
I think gbpusd will rapidly goes up.
http://img28.picoodle.com/img/img28/...ym_a7707d5.gif
- broken trend line
- Crossed 15&50 EMA
- broken weekly resistance @ 1.9850 area
Twitter @raitchev
  • #61,973
  • Apr 17, 2008 2:37pm Apr 17, 2008 2:37pm
Quoting salah k.
the bigger they are the harder they fall
after such a big bullish move we are bound to see a retracement so u will get ur shot at closing ur sells.

i doubt it ....but i am hoping so ..trust me to go in with 3 lot sizes on a trend reversal possibly
  • #61,974
  • Apr 17, 2008 3:11pm Apr 17, 2008 3:11pm
Comon guys,

I think its going up, I think its going down...How about a little evidence to show why you are going the way you are going. Now I know its not everyone, but I have never seen such unwarrented calls. Please be considerate?
  • #61,975
  • Apr 17, 2008 3:16pm Apr 17, 2008 3:16pm
Very strange day today.
Bad US news, but Yen pairs going so strong up especially GBP/USD.

Today good shorts were on E/U, maybe Asian session will bring us some retracement.
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  • #61,976
  • Apr 17, 2008 3:18pm Apr 17, 2008 3:18pm
Nav I think there will be a retrace but thats a big blue candle on the daily right now,you could hedge if todays high is broken?
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #61,977
  • Apr 17, 2008 3:19pm Apr 17, 2008 3:19pm
My Cable trade Setup 16/04/08
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  • #61,978
  • Apr 17, 2008 3:27pm Apr 17, 2008 3:27pm
Quoting hard1head1
Comon guys,

I think its going up, I think its going down...How about a little evidence to show why you are going the way you are going. Now I know its not everyone, but I have never seen such unwarrented calls. Please be considerate?
You a right, the science isnt helping when the governments start getting involved. Poor Airbus - anybody for Mexican wings on your plane ? Angolan engines ? Georgian brakes ? North Korean life vests ?

My ditherometer says the big boys ain't dithering. If people were feeling the altitude then surely there would be some choppyness for the last hour or so ?

Is using a ditherometer being chartist or clairvoyant ?
  • #61,979
  • Apr 17, 2008 3:31pm Apr 17, 2008 3:31pm
My Cable trade Setup 18/04/08
Alternative wave count --- ????
Price action will tell.
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  • #61,980
  • Apr 17, 2008 3:34pm Apr 17, 2008 3:34pm
Best place for weakness at the moment is a Euro play ( imo ) to the short side, near perfect setup here aswell.

Euro's been much weaker than GBP today strangely.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
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