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Cable Update (GBPUSD)

  • #63,681
  • May 1, 2008 5:35am May 1, 2008 5:35am
time to break the triangle after the false.... breakout.
  • #63,682
  • May 1, 2008 5:35am May 1, 2008 5:35am
Quoting hard1head1
Nice 1 hr Evening star wuth the hangin man in the middle. Very Nice, they dont get much better.
Dont think that candles high enough to be a hanging man is it Jim
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #63,683
  • May 1, 2008 5:36am May 1, 2008 5:36am
to be honest im getting a bit worried i all this waiting around is neutralizing te overbought condition on 1 hr chart so moving up a bit might happen but overall trend is down so i dunno ...i will hold worst case situation an i think we will se low levels again ..

difficult right now ....plenty of indecision so direction we choose can easily be wrong ...welcome to the land of the unknown ....
  • #63,684
  • May 1, 2008 5:38am May 1, 2008 5:38am
Quoting nAVIN2007
to be honest im getting a bit worried i all this waiting around is neutralizing te overbought condition on 1 hr chart so moving up a bit might happen but overall trend is down so i dunno ...i will hold worst case situation an i think we will se low levels again ..

difficult right now ....plenty of indecision so direction we choose can easily be wrong ...welcome to the land of the unknown ....
navin, do you have a s/l on your short, becareful man, i wound't let it get over 100 pips.
If I Go Broke Trying Then I Will die happy.
  • #63,685
  • May 1, 2008 5:41am May 1, 2008 5:41am
Quoting hirek
time to break the triangle after the false.... breakout.
pound about to blow some account up, it's gonna make a big move
If I Go Broke Trying Then I Will die happy.
  • #63,686
  • May 1, 2008 5:42am May 1, 2008 5:42am
Quoting Moe
navin, do you have a s/l on your short, becareful man, i wound't let it get over 100 pips.

if it breaks the downtrend im out bro ...but i cant see it doing this
  • #63,687
  • May 1, 2008 5:43am May 1, 2008 5:43am
I need A hit, be back later.
If I Go Broke Trying Then I Will die happy.
  • #63,688
  • May 1, 2008 5:55am May 1, 2008 5:55am
Quoting Moe
I need A hit, be back later.

lol

joke: why did the turkey cross the road? to prove he wasnt chicken
  • #63,689
  • May 1, 2008 6:13am May 1, 2008 6:13am
Down already
  • #63,690
  • May 1, 2008 6:21am May 1, 2008 6:21am
Quoting Runway Trade
Down already
u know it ....all this playing around

looks like we waiting for no farm now ..
  • #63,691
  • May 1, 2008 6:45am May 1, 2008 6:45am
Quoting Bones
Dont think that candles high enough to be a hanging man is it Jim
in forex this is the equilant but yes typically for stock and share chart it would be higher..
  • #63,692
  • May 1, 2008 6:48am May 1, 2008 6:48am
Hey Guys, i think we're still looking at a Bullish Cable. As you guys are aware of, the New York session is opening in less than 15 minutes. There are 4 data releases due at 1:30 (London Time) 3 of which are going inflict some real movement into the market and the forecasts are promising to be strong for the bull.

I'm going long on Cable, but its a tough decision.

Forex Rookie
"The trend is your friend, until the end."
  • #63,693
  • May 1, 2008 6:50am May 1, 2008 6:50am
It failed to break the high, so where are we going??

  • #63,694
  • May 1, 2008 6:54am May 1, 2008 6:54am
oh right


Quoting nAVIN2007
in forex this is the equilant but yes typically for stock and share chart it would be higher..
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #63,695
  • May 1, 2008 6:55am May 1, 2008 6:55am
I think its close enough, Bones. Remember, I split hairs. LOL

Quoting Bones
Dont think that candles high enough to be a hanging man is it Jim
  • #63,696
  • May 1, 2008 6:57am May 1, 2008 6:57am
I think for this time getting sell position in cable is a good idea!
  • #63,697
  • May 1, 2008 7:04am May 1, 2008 7:04am
Man, talk about a 1H chart to show bar formations... Evening Star, Hanging Man, Bearish Engulfing, and now an Inside Bar. All in the last 6 hours. I don't even care if I lose money on this one. If I do, it won't be because I missed the signals.

Regards,
C
{Promotion Removed}
  • #63,698
  • May 1, 2008 7:05am May 1, 2008 7:05am
Quoting AmeriTrini
It failed to break the high, so where are we going??

if it good enough for u ....then that makes me even happier....
even the angle that stoch is at is good for a downward rally...lol
  • #63,699
  • May 1, 2008 7:09am May 1, 2008 7:09am
It seems like we are in a conflict situation with fundamental vs technical.
"The trend is your friend, until the end."
  • #63,700
  • May 1, 2008 7:09am May 1, 2008 7:09am
Quoting ciscoguy
Man, talk about a 1H chart to show bar formations... Evening Star, Hanging Man, Bearish Engulfing, and now an Inside Bar. All in the last 6 hours. I don't even care if I lose money on this one. If I do, it won't be because I missed the signals.

Regards,
C
add a new 4 hr candle to the list to engulfing i think almost
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