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Cable Update (GBPUSD)

  • #64,341
  • May 6, 2008 6:08am May 6, 2008 6:08am
Nice Gravestone on the 15.
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  • #64,342
  • May 6, 2008 6:10am May 6, 2008 6:10am
You got a Weekly trend line right there
  • #64,343
  • May 6, 2008 6:12am May 6, 2008 6:12am
Heres what I think, I believe this thing is going to form a double bottom around 9640 or less and then go back up to 9730.
  • #64,344
  • May 6, 2008 6:35am May 6, 2008 6:35am
Here is that Wkly Ascending Support trend line (twice tested now.) Cable found support there at current intraday lows 9634 area, with Mthly s1 pivot at 9627-32 area.
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ex member
  • #64,345
  • May 6, 2008 6:35am May 6, 2008 6:35am
Im out, volume down, looks like its turning
  • #64,346
  • May 6, 2008 6:40am May 6, 2008 6:40am
Its amazing what you find when you look around.

Jim
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  • #64,347
  • May 6, 2008 6:42am May 6, 2008 6:42am
Quoting hard1head1
Im out, volume down, looks like its turning
I'm out as well, for flat.

next please !
The quality of your life is brought about by the quality of your thinking.
  • #64,348
  • May 6, 2008 6:45am May 6, 2008 6:45am
I will sell around 9738
  • #64,349
  • May 6, 2008 6:50am May 6, 2008 6:50am
If what I am thinking is true, we will bounce off the Daily Pivot right here, possibly go to 9738 area
  • #64,350
  • May 6, 2008 6:51am May 6, 2008 6:51am
Quoting hard1head1
If what I am thinking is true, we will bounce off the Daily Pivot right here, possibly go to 9738 area
1.9720 is 76.4 of today's move down
The quality of your life is brought about by the quality of your thinking.
  • #64,351
  • May 6, 2008 6:57am May 6, 2008 6:57am
lets try again. short at 1.9715.

76.4 of entire day move down
The quality of your life is brought about by the quality of your thinking.
  • #64,352
  • May 6, 2008 7:13am May 6, 2008 7:13am
Quoting hard1head1
Hey guys, we could be going down to form a double bottom here on the 30 Min.
Plse explain HH,
I am now at 2.06pm CET. you mention movement on 30' ch & show the 15' movement. Or am I wrong? What is your local time on the chart? I added my netdania 15' and 30" in worddoc
Thanks for clarification. Bern
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File Type: doc 15' & 30' gbusd.doc   182 KB | 484 downloads
  • #64,353
  • May 6, 2008 7:16am May 6, 2008 7:16am
Sorry Guys, I had to go short the CAD. I like to trade CAD releases.
  • #64,354
  • May 6, 2008 7:36am May 6, 2008 7:36am
Quoting hornet
lets try again. short at 1.9715.

76.4 of entire day move down
stopped out on this one
The quality of your life is brought about by the quality of your thinking.
  • #64,355
  • May 6, 2008 7:39am May 6, 2008 7:39am
Pair is at impass, if it breaks above the 1 Hr channel, it could go all the way to the OTL.
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  • #64,356
  • May 6, 2008 7:44am May 6, 2008 7:44am
Hi guys no idea whats been happening here just took 5 min to check my charts to find a nice bullish pin on my 4hr
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #64,357
  • May 6, 2008 7:46am May 6, 2008 7:46am
Its not on my 1 hour but that is a good pin on yours on mine its a bullish outside bar.

edit just noticed its not quite an outside bar

Quoting hard1head1
Pair is at impass, if it breaks above the 1 Hr channel, it could go all the way to the OTL.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #64,358
  • May 6, 2008 7:58am May 6, 2008 7:58am
Hey ole buddy, I believe we are going back to DTL, but I still would like to see this 4 Hr candle close above 9748. Cad news had a little to do with this situation pointed toward the dollar side.
  • #64,359
  • May 6, 2008 8:00am May 6, 2008 8:00am
I closed two positions (long) earlier today for a total of 70 pips pos. Just re entered again at 1.9736. Lets see how far it will go up if at all
  • #64,360
  • May 6, 2008 8:04am May 6, 2008 8:04am
130pip range y/day, 114 so far today Hi-Lo 9748-9634, other averages as below;
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