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Cable Update (GBPUSD)

  • #62,181
  • Apr 21, 2008 6:27am Apr 21, 2008 6:27am
Anyone join me at that 15 min entry???
  • #62,182
  • Apr 21, 2008 6:28am Apr 21, 2008 6:28am
agreed a turning point,but can it considered a test?
Days range has been met.
Attached Image (click to enlarge)
Click to Enlarge Name: 1 hour.gif Size: 28 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #62,183
  • Apr 21, 2008 6:32am Apr 21, 2008 6:32am
Quoting warta
The Bank of England has announced details of a £50bn plan to help prevent the credit crisis causing more damage to the UK banking system and economy.
Banks will be able to swap potentially risky mortgage debts for secure government bonds to enable them to operate during the credit squeeze.
The Bank's governor, Mervyn King, said the scheme aimed to improve liquidity in the banking system. It should also increase confidence in financial markets, he added.

They should just take over all of the credit companies and cancel everyone unsecured debt, the problem is though at 18K per household your looking at £540,000,000,000, I think thats 540Bil or 5400Bil depending on what you class a billion.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #62,184
  • Apr 21, 2008 6:33am Apr 21, 2008 6:33am
Quoting hard1head1
Anyone join me at that 15 min entry???
me, i'm long at 1.9875,
will getting profit to nite
  • #62,185
  • Apr 21, 2008 6:44am Apr 21, 2008 6:44am
Bones,

Of all the indicators, ATR is the on I trust least, I wouldnt be surprised to see this guy go another 100. I think weekly range holds more weight. Just my point of view.

Jim

Quoting Bones
agreed a turning point,but can it considered a test?
Days range has been met.
  • #62,186
  • Apr 21, 2008 6:46am Apr 21, 2008 6:46am
I would say longs look good.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #62,187
  • Apr 21, 2008 6:47am Apr 21, 2008 6:47am
Pair will probably spend some time around thie 9920 area.
  • #62,188
  • Apr 21, 2008 6:47am Apr 21, 2008 6:47am
Quoting Ultraman
me, i'm long at 1.9875,
will getting profit to nite
whats your TP?
  • #62,189
  • Apr 21, 2008 6:48am Apr 21, 2008 6:48am
Quoting hard1head1
Bones,

Of all the indicators, ATR is the on I trust least, I wouldnt be surprised to see this guy go another 100. I think weekly range holds more weight. Just my point of view.

Jim
Sorry buddy whats ATR?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #62,190
  • Apr 21, 2008 6:52am Apr 21, 2008 6:52am
Quoting auradeto
whats your TP?
i'm added long at 1.9859
TP : 1.9900
  • #62,191
  • Apr 21, 2008 6:53am Apr 21, 2008 6:53am
Of course I woud want this hour bar to close above that falling TL and above weekly.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #62,192
  • Apr 21, 2008 6:58am Apr 21, 2008 6:58am
Average True Range

Quoting Bones
Sorry buddy whats ATR?
  • #62,193
  • Apr 21, 2008 6:59am Apr 21, 2008 6:59am
Quoting Bones
Of course I woud want this hour bar to close above that falling TL and above weekly.
Bones what the exactly TP for ur GBPUSD,
i think it will head up until 1.9950
  • #62,194
  • Apr 21, 2008 7:12am Apr 21, 2008 7:12am
I must be the only one thinking it will carry on down through 1.9800
The quality of your life is brought about by the quality of your thinking.
  • #62,195
  • Apr 21, 2008 7:12am Apr 21, 2008 7:12am
Quoting Ultraman
Bones what the exactly TP for ur GBPUSD,
i think it will head up until 1.9950
Yes that would be nice Ultraman
Attached Image (click to enlarge)
Click to Enlarge Name: 1 hour.gif Size: 34 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #62,196
  • Apr 21, 2008 7:15am Apr 21, 2008 7:15am
I'm long from 1.9892 looking for TP at 1.9950.... will look for another long entry if under 1.9800....
  • #62,197
  • Apr 21, 2008 7:15am Apr 21, 2008 7:15am
Quoting hard1head1
Average True Range

Oh of course, yes the weekly and then monthly are the better ones to watch ,I watch them all.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #62,198
  • Apr 21, 2008 7:31am Apr 21, 2008 7:31am
RFeal nice bounce off of M1 Pivot
  • #62,199
  • Apr 21, 2008 7:32am Apr 21, 2008 7:32am
I am long in E/U also, they are back in sync
  • #62,200
  • Apr 21, 2008 7:36am Apr 21, 2008 7:36am
I think this is just a bit of consolidation. We might go to 1.9760 61.8% Fibo. We bounced on the 50 retracted to38% could go down to 61% before going up properly
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