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Cable Update (GBPUSD)

  • #74,661
  • Jul 6, 2008 8:50am Jul 6, 2008 8:50am
Looks like we are bouncing of FE127.2 @ .9804 and looks like .9800 is supporting right now. So i prefer longs at the moment. Ill wait for the market to open, my current view is bullish like Moe's
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  • #74,662
  • Jul 6, 2008 9:10am Jul 6, 2008 9:10am
For now i am bullish

4 hour chart formed a pivot ( 3 candle formation with 3 higer lows)
we are just under the linear regression channel that is up but rsi has crossed back up above 40
Rarersi is above oversold conditions
we have not broken bottom of Keltner channel

Plotting a 1-2-3 buy and using fes I have upside target of 2.0170

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Blogging daily now at www.volume.zone
  • #74,663
  • Jul 6, 2008 9:41am Jul 6, 2008 9:41am
2 days bearish
  • #74,664
  • Jul 6, 2008 10:34am Jul 6, 2008 10:34am
Quoting tetis
2 days bearish
u might be right, then up and away
  • #74,665
  • Jul 6, 2008 10:59am Jul 6, 2008 10:59am
Quoting forexmoments
Maybe, but I'm anticipating the overall trend to be bearish for the week.
true
If I Go Broke Trying Then I Will die happy.
  • #74,666
  • Jul 6, 2008 11:56am Jul 6, 2008 11:56am
Quoting samuzowulu
Are You really a preacher or are you just Kidding?
I am go to geocities.com/uncletrumpet
  • #74,667
  • Jul 6, 2008 2:26pm Jul 6, 2008 2:26pm
Happy Trading for you all
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  • #74,668
  • Jul 6, 2008 2:44pm Jul 6, 2008 2:44pm
directions when we open on sunday and through monday should be up....at least thats what my system is telling me right now.

keep long unless we close a 1H candle below 1.9800
as long as we stay over 1.9800 we have a up bias.....
DISCIPLINE IS THE KEY TO SUCCESS!!!:nerd:
  • #74,669
  • Jul 6, 2008 2:44pm Jul 6, 2008 2:44pm
Quoting Abuawad
Happy Trading for you all
Thanks for your analysis it always assists me with targets.
  • #74,670
  • Jul 6, 2008 2:47pm Jul 6, 2008 2:47pm
Quoting Runway Trade
Thanks for your analysis it always assists me with targets.
You are welcome but be carefull mabye we will have a gabe on opeining
  • #74,671
  • Jul 6, 2008 2:48pm Jul 6, 2008 2:48pm
Quoting got pips?
directions when we open on sunday and through monday should be up....at least thats what my system is telling me right now.

keep long unless we close a 1H candle below 1.9800
as long as we stay over 1.9800 we have a up bias.....
I agree with up first to around 1.9906 23% fibo
  • #74,672
  • Jul 6, 2008 2:48pm Jul 6, 2008 2:48pm
Looks like a reversal is to come....

We do have a new bearish intraday but keep alot of factors here....

First price has impacted the swing pivot to the pip and found support...

Second price did not meet its bearish intraday target for firdays trading..this shows weakness in a certain direction.

Third price made a double bottom...

Fourth price broke a downward trendline.

Fifth price found support at the lower part of the linnear regression channel.

Last move your swing to the last swing and its about to reverse..

Be aware of this stuff sunday open.

Attached Image
  • #74,673
  • Jul 6, 2008 2:50pm Jul 6, 2008 2:50pm
Quoting Abuawad
You are welcome but be carefull mabye we will have a gabe on opeining
If I got it right gaps normally first gets filled?
  • #74,674
  • Jul 6, 2008 3:02pm Jul 6, 2008 3:02pm
up trend .... ((( but not for long)))......
  • #74,675
  • Jul 6, 2008 4:01pm Jul 6, 2008 4:01pm
Quoting Abuawad
Happy Trading for you all
Hi Abuawad,

Please could you type the last invisible line from your analysis.

Thanks.
  • #74,676
  • Jul 6, 2008 4:33pm Jul 6, 2008 4:33pm
I think it's about going to do something like this...
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  • #74,677
  • Jul 6, 2008 4:44pm Jul 6, 2008 4:44pm
http://www.forexfactory.com/images/icons/icon1.gif MT4 indicator
i like your metatrader indicator on http://www.forexfactory.com/showthre...41#post2093741

may you share it with me?

thanks

http://www.forexfactory.com/images/misc/progress.gif


Quoting DrConan
I think it's about going to do something like this...
  • #74,678
  • Jul 6, 2008 4:55pm Jul 6, 2008 4:55pm
salah k. , you know me.
If I Go Broke Trying Then I Will die happy.
  • #74,679
  • Jul 6, 2008 5:02pm Jul 6, 2008 5:02pm
yes, sure... let's see, ok here it is...

Quoting pablorpl
http://www.forexfactory.com/images/icons/icon1.gif MT4 indicator
i like your metatrader indicator on http://www.forexfactory.com/showthre...41#post2093741

may you share it with me?

thanks

http://www.forexfactory.com/images/misc/progress.gif

Attached File(s)
File Type: ex4 ! IN10TION NewsReader v06 lite.ex4   69 KB | 456 downloads
  • #74,680
  • Jul 6, 2008 5:07pm Jul 6, 2008 5:07pm
Quoting Moe
salah k. , you know me.
hehe
nice one bro i really thought that u might have
i mean i was those close to changing managers
u know i cant have a broke manager
"what doesn't bankrupt me, makes me stronger" modern nietzche
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