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Cable Update (GBPUSD)

  • #62,501
  • Apr 23, 2008 7:48am Apr 23, 2008 7:48am
Quoting bbmac
156 the hi-lo range now gbpusd, other average ranges:
Ample room for the bugger to reach the lower trendline 100 pips away!

(weekly 50 fib coming up)
  • #62,502
  • Apr 23, 2008 7:51am Apr 23, 2008 7:51am
BUYERS ALL MARKETS !!!


cAUTION!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #62,503
  • Apr 23, 2008 7:52am Apr 23, 2008 7:52am
Possibu



Quoting hard1head1
Yhis is looking more and more like one of those moves that just kinda trickles down 100 or so thruout the day.
  • #62,504
  • Apr 23, 2008 7:53am Apr 23, 2008 7:53am
10:30am USDhttp://www.forexfactory.com/images/m...impact_low.gifCrude Oil Inventories
http://www.forexfactory.com/images/m...dar_detail.gif
-2.4M
  • #62,505
  • Apr 23, 2008 7:55am Apr 23, 2008 7:55am
ooops.
long at 1.9828....
  • #62,506
  • Apr 23, 2008 8:01am Apr 23, 2008 8:01am
looking to reset long position in and around 19710 area, iknow its while off but patience for longs is key, going re-evalute if and when the trendline is reached/breached near 19790 area... nice sell off from overbrought conditions on 4hour stochs
Attached Image (click to enlarge)
Click to Enlarge Name: Cable 4hr.JPG Size: 151 KB
Trading is 80% Emotional, 20% Technical
  • #62,507
  • Apr 23, 2008 8:03am Apr 23, 2008 8:03am
Quoting fx local
looking to reset long position in and around 19710 area, iknow its while off but patience for longs is key, going re-evalute if and when the trendline is reached/breached near 19790 area... nice sell off from overbrought conditions on 4hour stochs

im thinking same thing around 1.9782 is the weekly first support ..i doubt it will break this .might look for a long arond there ...
  • #62,508
  • Apr 23, 2008 8:08am Apr 23, 2008 8:08am
Not much there to stop it except maybe that 4 hr UTL and that Inside Bottom at 1.9800

Quoting fx local
looking to reset long position in and around 19710 area, iknow its while off but patience for longs is key, going re-evalute if and when the trendline is reached/breached near 19790 area... nice sell off from overbrought conditions on 4hour stochs
  • #62,509
  • Apr 23, 2008 8:08am Apr 23, 2008 8:08am
Will the Dollar remain heavy enough to push through the weekly 50 fib it's fighting with?
Attached Image
  • #62,510
  • Apr 23, 2008 8:12am Apr 23, 2008 8:12am
The single most hardest lesson I had to learn was just because price action stops, doesn't mean it's going to turn. This pair is on a mission and I am sure the momentum figures into the idea FX has about that UTL being broken.
  • #62,511
  • Apr 23, 2008 8:12am Apr 23, 2008 8:12am
i am riding cable down from 19920.... wish me best
{Link Removed}]
  • #62,512
  • Apr 23, 2008 8:14am Apr 23, 2008 8:14am
Knocking at S1 pivot 1.9798
  • #62,513
  • Apr 23, 2008 8:19am Apr 23, 2008 8:19am
GBP/USD: 1.9745 Retest Looms If 1.98 Sppt Is Removed London, April 23. Bears and short-term accounts are said to be targeting a retest of the 1.9745 level if any Cable sell-off below 1.98 support can be sustained. 1.9801 marks the latest lows but spot is still offers as the bids into the figure are filled.
Trading is 80% Emotional, 20% Technical
  • #62,514
  • Apr 23, 2008 8:20am Apr 23, 2008 8:20am
what worris me is the weekly chart has such strong bearish formation like the start of a downtrend, yet i keep thinking long..i just cant imagine the pound lossing so much strength against such a weak currency ..how long can we actually go ..
  • #62,515
  • Apr 23, 2008 8:21am Apr 23, 2008 8:21am
We Are In High Cotton, Baby....!!!!! Moving That Stop Down
  • #62,516
  • Apr 23, 2008 8:21am Apr 23, 2008 8:21am

  1. Trendline 1.9713
  2. Last month's low 1.9720
  3. Yesterday's low 1.9743

  • #62,517
  • Apr 23, 2008 8:22am Apr 23, 2008 8:22am
Just play what the market gives ya, trade that channel....

Quoting nAVIN2007
what worris me is the weekly chart has such strong bearish formation like the start of a downtrend, yet i keep thinking long..i just cant imagine the pound lossing so much strength against such a weak currency ..how long can we actually go ..
  • #62,518
  • Apr 23, 2008 8:23am Apr 23, 2008 8:23am
Thats my call, 9743

Quoting priceaction

  1. Trendline 1.9713
  2. Last month's low 1.9720
  3. Yesterday's low 1.9743

  • #62,519
  • Apr 23, 2008 8:26am Apr 23, 2008 8:26am
The best feeling in the world is to be able to move your stop down 50 pips.....Twice.
  • #62,520
  • Apr 23, 2008 8:26am Apr 23, 2008 8:26am
Quoting hard1head1
Thats my call, 9743
i have exactly that to the pip ... right absolute bottom

but the way thing is falling i dunno it might blow that way as well .......lol

weekly s1 level reached
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