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Cable Update (GBPUSD)

  • #64,201
  • May 5, 2008 8:30am May 5, 2008 8:30am
Quoting Bones
Im with Nav on this one looks like we have seen the low of the day.
that exactly the reason i went long but it is flipping hard..man i hate picking bottoms.....lol especially when the bias is down

i guess we gonna have to wait and see
  • #64,202
  • May 5, 2008 8:31am May 5, 2008 8:31am
Quoting Bones
Im with Nav on this one looks like we have seen the low of the day.
Nah, I dont think so. Not until we hit that bottome trendline on the 4hr. The cable has no reason to go up, none at all. We hit a lower high, now time for the lower low.

  • #64,203
  • May 5, 2008 8:34am May 5, 2008 8:34am
Quoting satutrade
carera how about your gartly patern now???
Is looking good. But I won't buy until this 4H candler close. I still have my short position open. Thinking close ½ of it.

But for sure I will pay attention to this Gartley form. At lease for a 38% to 61% as I make my chart bellow to get some pips.

Sorry for the mess guys in this chart bellow.
Attached Image (click to enlarge)
Click to Enlarge Name: Gartley.png Size: 113 KB
  • #64,204
  • May 5, 2008 8:40am May 5, 2008 8:40am
Well.. weekly consolidation comes to its end.. Whatever witch side break will occurs, it'll occurs very soon..

Since April 16th, it's only the second time we see a 4-hour close below 1.97. Last time we saw an interesting swing up.. waiting quietly, I'm shorting only below 9650..
Attached Image (click to enlarge)
Click to Enlarge Name: gbp_weekly_ok.GIF Size: 10 KB
  • #64,205
  • May 5, 2008 8:40am May 5, 2008 8:40am
ok lets see what happen there,maybe it's can be true patern...
  • #64,206
  • May 5, 2008 8:40am May 5, 2008 8:40am
no resaon,..more buyers then sellers is one hell of a reason to me...ok. now seriously i have a vison,..i see cable hiting 2.0366 in 2 month time,...whether u like it or not, thats the price i wona see....bang,...and u have reason...
its just money
  • #64,207
  • May 5, 2008 8:44am May 5, 2008 8:44am
Could be why this thing is lagging. Maybe a surprise coming.

Quoting Danger
My gut says the GU is going to go down after the ISM Non-Manufacturing Composite comes out in about 30 mins. It's good to follow ur instinct sometimes.
  • #64,208
  • May 5, 2008 8:45am May 5, 2008 8:45am
Ok, price (& traders) are searching for a direction, hey, here is the Monday gift !

Weekly Market Outlook for GBP/USD : weekly, daily & 4hours TA inside. Hope this helps.

rgds

WFXAdvisor
Attached File(s)
File Type: pdf wmo_gbpusd.pdf   51 KB | 413 downloads
  • #64,209
  • May 5, 2008 8:47am May 5, 2008 8:47am
i have 12 and 8 pips spread at the moment....



Quoting WarrenBuffet
Gbp/ Chf Spread Is 21 Pips While Geppy Spread Is 12 Pips./....


Is Fxcm (fxscam) The Worst In This Industry?


U Really Have To Be Very Very Very Very Good In Forex Trading To Survive Fxcm Service!!
  • #64,210
  • May 5, 2008 8:51am May 5, 2008 8:51am
E/J is running up, lets see if it has an effect and pulls G/U with it
  • #64,211
  • May 5, 2008 8:55am May 5, 2008 8:55am
I only trade with the Fundamental trend on GU which is definately bullish, so only look for long entry. I have my stops below 1.9600. Lets see what ISM brings..
Happy trading all
  • #64,212
  • May 5, 2008 9:03am May 5, 2008 9:03am
Good news for U.S., a pleasant surprise, may have to load my shorts........LOL
  • #64,213
  • May 5, 2008 9:05am May 5, 2008 9:05am
Majic Number here is .9961
  • #64,214
  • May 5, 2008 9:05am May 5, 2008 9:05am
Quoting hard1head1
Good news for U.S., a pleasant surprise, may have to load my shorts........LOL
yep
USD Est Non Mortuus
  • #64,215
  • May 5, 2008 9:08am May 5, 2008 9:08am
Quoting hard1head1
Good news for U.S., a pleasant surprise, may have to load my shorts........LOL

LOADED!!
  • #64,216
  • May 5, 2008 9:10am May 5, 2008 9:10am
Quoting hard1head1
Majic Number here is .9961
If it doesn't break 1.9650 in a decisive way, I will close my short and my platform.
The quality of your life is brought about by the quality of your thinking.
  • #64,217
  • May 5, 2008 9:10am May 5, 2008 9:10am
Hey Guys, those numbers may take us thru the bottom here, any comments?

Jim
  • #64,218
  • May 5, 2008 9:12am May 5, 2008 9:12am
Quoting hard1head1
Hey Guys, those numbers may take us thru the bottom here, any comments?

Jim
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The quality of your life is brought about by the quality of your thinking.
  • #64,219
  • May 5, 2008 9:14am May 5, 2008 9:14am
My instinct was dead on target! Sweet!
Don't be afraid to challenge the pros, even in their own backyard.
  • #64,220
  • May 5, 2008 9:15am May 5, 2008 9:15am
I'm out of here, no point in hanging on to this short. Closed the remaining 1/4.
The quality of your life is brought about by the quality of your thinking.
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