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Cable Update (GBPUSD)

  • #66,021
  • May 14, 2008 11:51am May 14, 2008 11:51am
Quoting hard1head1
Hey everyone, I am not so sure about a drop. I will show you why. As you know my laptop died and I lost all my charts, but I have been slowly building them back up. I believe the long awaited long is coming. The drawback of this is it's solely based on the 1 Hr timeframe DTL. However, there is some 4 hr evidence as well as Daily.

1st on the 1 Hr we have a Morning star and it's looking like we may get a test of the back of this trendline which I might add is part of the same DTL on all 3 charts. The 2 nd chart we have a Morning Star along with an orange X to show where I think we could go. Out on the daily a Bullish pin is being formed and could present us with yet another Morning Star. So, yes, I think a long is in the picture. See 2nd post for Daily chart.

Jim
Yea im just lookin for another 20-30 before 5pm.
USD Est Non Mortuus
  • #66,022
  • May 14, 2008 11:52am May 14, 2008 11:52am
If the market stas about where it is now, we will have pinned off of a 12 week low. Why do you think there will be no retrace up?
Que
  • #66,023
  • May 14, 2008 11:55am May 14, 2008 11:55am
all i think this is a drop to 9415.. then in the last half hour will prob trade back up to 9445ish as people grab swap.
USD Est Non Mortuus
  • #66,024
  • May 14, 2008 12:07pm May 14, 2008 12:07pm
Quoting hard1head1
Daily TF
yes buddy i find myself smile as i read what u wrote ....absolutely agree..long is here finally what we all in here waiting for hence the longs ....

tony i think is spot on saying it will end on daily being a bullish pin ...
moe get the 50 lots ready...
  • #66,025
  • May 14, 2008 12:22pm May 14, 2008 12:22pm
Right now I cant see anything bearish about anything. Time will tell and I am due to lose one. But all my charts say up, nothing lower than 9389. I am long but against the trend I have half my load on, if it crosses DPP and tests and holds, I will add and ride her to 9520 ish. Got my audible trendline alerts on and Im gonna hit the rack. Later.

Jim

Quoting Que
If the market stas about where it is now, we will have pinned off of a 12 week low. Why do you think there will be no retrace up?
  • #66,026
  • May 14, 2008 12:30pm May 14, 2008 12:30pm
Quoting hard1head1
Right now I cant see anything bearish about anything. Time will tell and I am due to lose one. But all my charts say up, nothing lower than 9389. I am long but against the trend I have half my load on, if it crosses DPP and tests and holds, I will add and ride her to 9520 ish. Got my audible trendline alerts on and Im gonna hit the rack. Later.

Jim
Man, I am an Idiot, I have to many tabs open in IE I guess. I could have swore I was reading people call short here.

Either way, I am long and I believe tomorrow will be a good long day, I believe a retrace is about to happen.
Que
  • #66,027
  • May 14, 2008 12:35pm May 14, 2008 12:35pm
i personally think right idea but im expecting retracement for bullish moves now not for downtrend....i suspect that was te bottom now we going to 1.9692 and the retrace down perhaps...

view on this would be great...
  • #66,028
  • May 14, 2008 12:37pm May 14, 2008 12:37pm
Quoting nAVIN2007
i personally think right idea but im expecting retracement for bullish moves now not for downtrend....i suspect that was te bottom now we going to 1.9692 and the retrace down perhaps...

view on this would be great...
^^I am on the same page as that.
Que
  • #66,029
  • Edited 1:05pm May 14, 2008 12:51pm | Edited 1:05pm
Quoting fxdoc
I anticipate another wave down to 1.9360/1.9335 before UP.
We are on our way to 2.00 hopefully, may be 2.04..........
Unless offcourse Cable go back down to break 1.9335 - then I am very bearish............
  • #66,030
  • May 14, 2008 12:54pm May 14, 2008 12:54pm
Quoting fxdoc
We are on our way to 2.00 hopefully..........
a bit early to decide!!!!!

i dont if its just me but if u look at a larger time frame its seems pretty bearish.

any comments are highly appreciated
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #66,031
  • May 14, 2008 1:00pm May 14, 2008 1:00pm
Quoting salah k.
a bit early to decide!!!!!

i dont if its just me but if u look at a larger time frame its seems pretty bearish.

any comments are highly appreciated

As predicted the UK's falling to peices, Bank of England isn't going to try to save it by reducing interest rates there going to let the reccession happen as they really haven't got another option, the expect inflation to be at 4% for the year end and to continue to increase.

UK is where the USA was 6months back as expected, the USA's getting worse but not as fast as it was the UK is getting worse and quickly, the price for USA being crap is already priced in, so fundementally cable is going know where but down, over all, bounces will ofcourse happen.


Cable will be attempting a crash landing into a oil refinary in short, it's DOOMED!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #66,032
  • May 14, 2008 1:02pm May 14, 2008 1:02pm
Quoting salah k.
a bit early to decide!!!!!

i dont if its just me but if u look at a larger time frame its seems pretty bearish.

any comments are highly appreciated
no way man ...look at the monthly it shows 3 attempts to go down and failed not including this..long shadow down this is why i nknow price can take these levels it only has one place left to go ....up

bullish outbreak ..we have hit the bottom and been rejected like twice b4 so now where is it going to go?
  • #66,033
  • May 14, 2008 1:07pm May 14, 2008 1:07pm
Quoting fxdoc
We are on our way to 2.00 hopefully, may be 2.04..........
Unless offcourse Cable go back down to break 1.9335 - then I am very bearish............
If cable does not wish to break 1.9335 its UP.
  • #66,034
  • May 14, 2008 1:13pm May 14, 2008 1:13pm
Quoting nAVIN2007
no way man ...look at the monthly it shows 3 attempts to go down and failed not including this..long shadow down this is why i nknow price can take these levels it only has one place left to go ....up

bullish outbreak ..we have hit the bottom and been rejected like twice b4 so now where is it going to go?
If you where a investment banker, with whats going on in the UK, would you be buying positions worth billions for a long term hold, or selling the ones you've got ???

I expect down moves will be worth 2x's the pips the up moves will be worth from here.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #66,035
  • May 14, 2008 1:16pm May 14, 2008 1:16pm
i want to try to show wat i am seeing in the charts


http://www.forexfactory.com/C:%5CDoc...ator%5CDesktop
Attached Image (click to enlarge)
Click to Enlarge Name: cable.jpg Size: 166 KB
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #66,036
  • May 14, 2008 1:17pm May 14, 2008 1:17pm
im sorry about the image
but the upload speed from home is really slow
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #66,037
  • May 14, 2008 1:18pm May 14, 2008 1:18pm
Quoting salah k.
i want to try to show wat i am seeing in the charts


http://www.forexfactory.com/C:%5CDoc...ator%5CDesktop
I'm expecting the same Salah!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #66,038
  • May 14, 2008 1:35pm May 14, 2008 1:35pm
Hi, new member here. Cheers!!
  • #66,039
  • May 14, 2008 1:44pm May 14, 2008 1:44pm
check out D1 chart, very nice bullish candle.
  • #66,040
  • May 14, 2008 1:45pm May 14, 2008 1:45pm
Quoting ver.xontm
Hi, new member here. Cheers!!

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