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Cable Update (GBPUSD)

  • #62,021
  • Apr 18, 2008 2:44am Apr 18, 2008 2:44am
h1 candle not so nice (hammer).. now bearish?

let's see how it's end..
  • #62,022
  • Apr 18, 2008 2:50am Apr 18, 2008 2:50am
thats pretty messed up i mean euro is making new daily highs and cable just decided to drop 30 pips from its highs and is showing a bearish signs on 1h chart.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #62,023
  • Apr 18, 2008 2:56am Apr 18, 2008 2:56am
we are reaching 1.9995 = 61.8 fibo (19360--->20395) from there i think we might head back down.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #62,024
  • Apr 18, 2008 3:00am Apr 18, 2008 3:00am
Quoting salah k.
we are reaching 1.9995 = 61.8 fibo (19360--->20395) from there i think we might head back down.
if u drag a fibo drag it like u should..

from the last top 2.0391 to bottom 1.9599 and 61.8 would be 2.0091.

now we just break 38.2 (1.9091).

wish u best of luck.
  • #62,025
  • Apr 18, 2008 3:07am Apr 18, 2008 3:07am
Quoting eye4spot
if u drag a fibo drag it like u should..

from the last top 2.0391 to bottom 1.9599 and 61.8 would be 2.0091.

now we just break 38.2 (1.9091).

wish u best of luck.
im sorry mate ur right i meant 50% fibo at 19995

thnk you 4 correcting it. my 61.8 is at 20089.

best of luck to u too.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #62,026
  • Apr 18, 2008 3:45am Apr 18, 2008 3:45am
Am I right in saying that there is MACD divergence in the 15M, 30M and 1H?
  • #62,027
  • Apr 18, 2008 3:54am Apr 18, 2008 3:54am
Quoting Runway Trade
Am I right in saying that there is MACD divergence in the 15M, 30M and 1H?
only if the top end there. i saw it yesterday allsow.

it could be allsow a great correction.but we observe and act in patience.

http://i30.tinypic.com/2m30kk5.jpg

very nice wedge allsow. but like i sad wait, observe and then act.

http://i26.tinypic.com/2mi17k3.jpg
  • #62,028
  • Apr 18, 2008 4:22am Apr 18, 2008 4:22am
Quoting Runway Trade
Am I right in saying that there is MACD divergence in the 15M, 30M and 1H?
thats why i just sold at 9970..
  • #62,029
  • Apr 18, 2008 4:23am Apr 18, 2008 4:23am
Well when I came back from holiday on wed this week I thought Ill watch this one play out though I wanted to go long right there at 9700 as soon as I saw the very nice falling wedge pattern on the Daily after throwing some lines around ,which fitted my outlook.
I have taken a couple of longs on the way up but basically missed the opportunity.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #62,030
  • Edited 5:08am Apr 18, 2008 4:52am | Edited 5:08am
well from now on. Im playing it safe all the way ..i wont buy right now ..i think the resistance up is a bit to much and a lot of congestion..i think runaway trade selling at 1.9700 was a smart move, hopefully it will go to 1.919 which i think would be a excellent place to buy...but it seems a bit early to do anything..

i wish more of u guys would post charts and contribute than always the same guys over and over...help every1 help everyone..
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  • #62,031
  • Apr 18, 2008 4:55am Apr 18, 2008 4:55am
daily ...
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  • #62,032
  • Apr 18, 2008 5:27am Apr 18, 2008 5:27am
For me, up limit to move up more, 1.9973. Let see next !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #62,033
  • Apr 18, 2008 5:28am Apr 18, 2008 5:28am
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Posting a chart now with symmetrical triangle will buy/sell on breakout
  • #62,034
  • Apr 18, 2008 5:37am Apr 18, 2008 5:37am
Quoting Runway Trade
Attachment


Posting a chart now with symmetrical triangle will buy/sell on breakout
the range will get smaller and smaller till breakout, be very carefull about the short thou..i think this b***h is going to 2.0218 ..well at least longer term ...partial target b4 thou ofcourse 2.0047 maybe today or monday
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  • #62,035
  • Apr 18, 2008 6:06am Apr 18, 2008 6:06am
Hi there I red this thread in the past days with attention and found it very useful for me (newbie and from Germany so pleas excuse my bad English).

In the past days I trade the GBPUSD up and down and make until yesterday some hundred pips on this spot which is very exciting for a newbie. Ok yesterday I burn some pips because I didn't expect that breakout. I thought the movement would go a little bit further.

Today I miss the entry for the second up movement from today because I thought it would go down again *g*.

At the moment I don't really know what I should do. I am searching for an entry point. should I enter now ... or wait until it breaks this fib level and go up ... or should wait for Monday because of the weekend?

thanks for help
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  • #62,036
  • Apr 18, 2008 6:19am Apr 18, 2008 6:19am
Quoting fluppe
Hi there I red this thread in the past days with attention and found it very useful for me (newbie and from Germany so pleas excuse my bad English).

In the past days I trade the GBPUSD up and down and make until yesterday some hundred pips on this spot which is very exciting for a newbie. Ok yesterday I burn some pips because I didn't expect that breakout. I thought the movement would go a little bit further.

Today I miss the entry for the second up movement from today because I thought it would go down again *g*.

At the moment I don't really know what I should do. I am searching for an entry point. should I enter now ... or wait until it breaks this fib level and go up ... or should wait for Monday because of the weekend?

thanks for help
buy the dips - and do not go with the crowd

Sometimes putting a position on during Friday makes sense and sometimes it doesn't. I am staying with the long as a long term trade to 2.02 + hopefully, so if it came off 150 pips I would not despair

keine sorge either way
  • #62,037
  • Apr 18, 2008 6:33am Apr 18, 2008 6:33am
Quoting nAVIN2007
i wish more of u guys would post charts and contribute than always the same guys over and over...help every1 help everyone..
Well, I'm new to this forum and this is my very first contribution to it... Here you are my 1H GBP.USD chart. I don't think it is bullish in the near term, I see too many Rs very near,... but I may be wrong.

Thank you all for your views.

Julio
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  • #62,038
  • Apr 18, 2008 6:41am Apr 18, 2008 6:41am
Quoting JgrB
Well, I'm new to this forum and this is my very first contribution to it... Here you are my 1H GBP.USD chart. I don't think it is bullish in the near term, I see too many Rs very near,... but I may be wrong.

Thank you all for your views.

Julio
interesting view this is what makes trading very difficult the mechanical deiscretion used by each chart i agree looking at your it does appear bearish but .now according to my chart im seeing bullish activity which cant be ignored..

Im added to the next flock of sheep .....lol
  • #62,039
  • Apr 18, 2008 6:41am Apr 18, 2008 6:41am
Yen is weakening
Euro is weakening
Swiss is weakening
Aussie is weakening

Why the F_ck is Cable strengthening?
  • #62,040
  • Apr 18, 2008 6:46am Apr 18, 2008 6:46am
Quoting Runway Trade
Yen is weakening
Euro is weakening
Swiss is weakening
Aussie is weakening

Why the F_ck is Cable strengthening?
Just take a look at the euro/sterling chart(daily) and you will realise why, flight to safety unwinds out of yen and swiss, search of yield hence the sterling rise just look at the DOW rally,
Trading is 80% Emotional, 20% Technical
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