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Cable Update (GBPUSD)

  • #63,101
  • Apr 28, 2008 4:50am Apr 28, 2008 4:50am
Cable @ friday's high area just atm, 108ish up from the intraday low at 9781area. Friday range 213, other averages below. Friday bullish, last week bearish overall.
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ex member
  • #63,102
  • Apr 28, 2008 4:53am Apr 28, 2008 4:53am
Quoting Bones
Looks like its decided
wow nice pips bones,
i think u got above 500pips
well done
  • #63,103
  • Apr 28, 2008 4:55am Apr 28, 2008 4:55am
I think we can safely say that was a flag early 9900’s possible next stop.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #63,104
  • Apr 28, 2008 5:08am Apr 28, 2008 5:08am
Quoting Bones
I think we can safely say that was a flag early 9900’s possible next stop.

lets talk about 1.9790 now
  • #63,105
  • Apr 28, 2008 5:50am Apr 28, 2008 5:50am
I have my eye on the converging 1hr trend line and the 1 day trend line which you can see below at around the 1.9930/40 region.

I would like to see these respected with a move in the direction of the red arrow. Stochs indicate that a sell-off seems imminent at some stage.

If the trend lines are broken, I think we'll see the raising of Bones' flag.

Rob
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  • #63,106
  • Apr 28, 2008 5:54am Apr 28, 2008 5:54am
Yes I think thats possible but im thinking no more than the daily pivot.

We could now have a rising channel ,overalll direction is up.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #63,107
  • Apr 28, 2008 5:58am Apr 28, 2008 5:58am
Looking bullish waiting to see how price respods to my suoort fibbs....hopefully some bullish action and maybe we can reachour Intrday targets for today....Look at price action around trendline
I got the short last night...
Now hoping to get the bounce...

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  • #63,108
  • Apr 28, 2008 6:25am Apr 28, 2008 6:25am
Hello Everybody,

It's a public holiday in Sunny South Africa today..... So a late start for me. Missed the move up this morning. Had a buy market order for 1.9745... Will leave it there for now..... Lets see what else the day has in store for us.
Have fun, good trades.
  • #63,109
  • Apr 28, 2008 6:28am Apr 28, 2008 6:28am
droped my shorts for BE im thinking its just having a kit kat right now
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #63,110
  • Apr 28, 2008 6:45am Apr 28, 2008 6:45am
Its building I think for the next 4 hr bar.
If that is indeed a flag on the 4 hr expect 2k.

My 5min not a great pin but its there.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #63,111
  • Apr 28, 2008 7:02am Apr 28, 2008 7:02am
Nice downtrend on EUR/GBP.
  • #63,112
  • Apr 28, 2008 7:04am Apr 28, 2008 7:04am
Ok I have told its half the flag pole so im thinking 1.9950.
Man It quite in here I should be working,lol
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #63,113
  • Apr 28, 2008 7:07am Apr 28, 2008 7:07am
Quoting Bones
Its building I think for the next 4 hr bar.
If that is indeed a flag on the 4 hr expect 2k.

My 5min not a great pin but its there.
They're raising the flag Bones!

I'm long at 1.9890 but covering my backside well until it breaks the trend lines.

Rob
  • #63,114
  • Apr 28, 2008 7:22am Apr 28, 2008 7:22am
Once tested 4hr descending Res t/line tested again now and holds...see screenshot;
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ex member
  • #63,115
  • Apr 28, 2008 7:26am Apr 28, 2008 7:26am
Quoting priceaction
They're raising the flag Bones!

I'm long at 1.9890 but covering my backside well until it breaks the trend lines.

Rob
Ha! - those wicks are showing too much respect for the trend line on the 4hr so I've bottled out for +25 and am standing on the side for now with a buy stop at 1.9950 ...just in case!

I'm still waiting for a short "some time" today or tomorrow morning.

Rob
  • #63,116
  • Apr 28, 2008 7:44am Apr 28, 2008 7:44am
That 4hr Desc Res t/line coincided with Dly R1 area 9936-39, a prev 1hr swing low and some fibs: 123.6% extension of friday, 50% 0273-9599, 61.8% 9183-1162 (the alst 2 alraedy previously breeched.)
ex member
  • #63,117
  • Apr 28, 2008 8:45am Apr 28, 2008 8:45am
There are some divergences on M30 MACD.
  • #63,118
  • Apr 28, 2008 8:51am Apr 28, 2008 8:51am
See 1M, or 4H just the same, still no trades to make

No news days suck hey.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #63,119
  • Apr 28, 2008 8:57am Apr 28, 2008 8:57am
Quoting priceaction
Ha! - those wicks are showing too much respect for the trend line on the 4hr so I've bottled out for +25 and am standing on the side for now with a buy stop at 1.9950 ...just in case!

I'm still waiting for a short "some time" today or tomorrow morning.

Rob
Good call Rob,It certainly stopped dead on that 4hr falling TL
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #63,120
  • Apr 28, 2008 8:59am Apr 28, 2008 8:59am
Quoting magictrader
There are some divergences on M30 MACD.
Yeh ,there were divergence patterns (regular immediate and sequential) to the 1hr chart at that Trend line resistance...shown below is the 5min Regular immediate divergence pattern.

Certain patterns of divergence/extreme readings in oscillators at supp/res produce hi-probability trading opportunities on any t/f.
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ex member
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