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Cable Update (GBPUSD)

  • #64,381
  • May 6, 2008 4:03pm May 6, 2008 4:03pm
Quoting forexmoments
to be honest i think its becoming betting ..if this keep up it might become tax freee in UK...as nobody gonna make profit to pay tax ...lol

last 3 candles on dailly..
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  • #64,382
  • May 6, 2008 4:10pm May 6, 2008 4:10pm
STAY OUT. its gonna be a very bad week if you don't.
If I Go Broke Trying Then I Will die happy.
  • #64,383
  • May 6, 2008 4:16pm May 6, 2008 4:16pm
narrow range in the last 3 hours..
  • #64,384
  • May 6, 2008 4:19pm May 6, 2008 4:19pm
Quoting Moe
STAY OUT. its gonna be a very bad week if you don't.


bro check this sh*t out ..it might be on the way down...4 hrs nearly overbought too ...hectic.....lol what the hell is going on ...but when the bodies on daily get that small even know i best be carefull like crazy..the market has no direction at all
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  • #64,385
  • May 6, 2008 4:27pm May 6, 2008 4:27pm
if it go down it's gonna hit 1.9440
If I Go Broke Trying Then I Will die happy.
  • #64,386
  • May 6, 2008 4:28pm May 6, 2008 4:28pm
Quoting nAVIN2007
bro check this sh*t out ..it might be on the way down...4 hrs nearly overbought too ...hectic.....lol what the hell is going on ...but when the bodies on daily get that small even know i best be carefull like crazy..the market has no direction at all
Based on your own charts, direction seems down to me. It is not down in a straight line, but it is definitely down. I have been shorting rallies for weeks now with very nice returns.

Bless
Patience + Discipline - Greed = Success
  • #64,387
  • May 6, 2008 4:28pm May 6, 2008 4:28pm
thanks for your pic navin2007..
  • #64,388
  • May 6, 2008 4:33pm May 6, 2008 4:33pm
It's most certainly heading south, on my MACD chart its almost coming up to the crossover and the RSI is lurking just above 50.

Forex Rookie
"The trend is your friend, until the end."
  • #64,389
  • Edited 5:00pm May 6, 2008 4:42pm | Edited 5:00pm
Quoting plumiash
thanks for your pic navin2007..
wellcome bud

yes i have to agree im thinking down also but not enough to enter a trade ..

we hit the weekly pivot bounced and actually went passed the 62 ema..price is now in a flag formation..market is neutralizing the underbought condition then movement down i think will likely happen as a contination..

what will change my view is price going higher that weekly pivot..if i was confident id say this probably the best place to sell ..

just my view..
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  • #64,390
  • May 6, 2008 4:50pm May 6, 2008 4:50pm
Hello everybody,
Is Japan open today?
  • #64,391
  • May 6, 2008 4:54pm May 6, 2008 4:54pm
Quoting Carrera
Hello everybody,
Is Japan open today?
i think hollyday...
carrera ho about your picture today?have u?
  • #64,392
  • Edited 5:11pm May 6, 2008 4:54pm | Edited 5:11pm
nope.. i'm wrong.. lol
  • #64,393
  • May 6, 2008 5:25pm May 6, 2008 5:25pm
dont forget CCI in 35 mins
Don't chase the market, Let the market come to you
  • #64,394
  • May 6, 2008 5:32pm May 6, 2008 5:32pm
why are you all angry guys?
if the cable is not trending then just play the range up down up down up down up down up down up down up down
When life gives you lemons, make lemonade
  • #64,395
  • May 6, 2008 6:08pm May 6, 2008 6:08pm
UK looks like its in deep shit with such weak numbers.

a downtrend is getting ready to burst
lets just hope this time it gets to brake some supports or at least 9600 support.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #64,396
  • May 6, 2008 6:10pm May 6, 2008 6:10pm
Hey guys all of the sudden, The 1 hr T/F is very bearish. Twin red spinners & and a set of tweezer tops a few candles back. Looks down.
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  • #64,397
  • May 6, 2008 6:12pm May 6, 2008 6:12pm
Hey ole buddy, that could happen, but probably not till about 4:30 this morning.

Jim

Quoting salah k.
UK looks like its in deep shit with such weak numbers.

a downtrend is getting ready to burst
lets just hope this time it gets to brake some supports or at least 9600 support.
  • #64,398
  • May 6, 2008 6:15pm May 6, 2008 6:15pm
The only thing that worries me is this daily pair of tweezer bottoms, the down trend may be short lived, however, this last candle dont close for 1 Hr. Could mean this shot down is possibly a false breakout.
Jim
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  • #64,399
  • May 6, 2008 6:18pm May 6, 2008 6:18pm
Quoting hard1head1
Hey ole buddy, that could happen, but probably not till about 4:30 this morning.

Jim
u r right on the money bro
unless of course UK numbers come in strong

at this moment I have no bias i just want the damn thing to trend so that we can follow the proce action and make some money already.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #64,400
  • May 6, 2008 6:24pm May 6, 2008 6:24pm
Quoting micho
why are you all angry guys?
if the cable is not trending then just play the range up down up down up down up down up down up down up down
Perhaps another Doji kind of Candle Stick for the monthly Chart

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