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Cable Update (GBPUSD)

  • #75,581
  • Jul 11, 2008 12:56am Jul 11, 2008 12:56am
GM everybody.

Possible bullish flag on 30min tf. The bears are still strong, notice the descending channel. When price will meet the descending channels tl the fight between bulls and bears will start, so lets wait and see which side will win. Aither way the accending channels tl's are in play right now. If its really a flag, then breakout should be around 70-80 pips and the UTL of accending channel is my target, if flag fails then the price should go to the LTL and might bounce or break. Lets what and see what Frankie boys have for us. TWT

ps. as i type it might be breaking downside, looks like the bears are still strong, BUT lets wait and see!

Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: gu_m30_bullflag_1107.gif Size: 32 KB
  • #75,582
  • Jul 11, 2008 12:57am Jul 11, 2008 12:57am
if it falls you can expect 1.9600 and below
If I Go Broke Trying Then I Will die happy.
  • #75,583
  • Jul 11, 2008 1:00am Jul 11, 2008 1:00am
its interesting that many pairs are pivoting around big figures:

EUR/USD at about 1.5800; USD/JPY at about 107.00; AUD/USD at about .9600; USD/CAD at about 1.0100; EUR/JPY at about 169.00.

We could see some major breakouts all over the place.
  • #75,584
  • Jul 11, 2008 1:01am Jul 11, 2008 1:01am
Quote
I'm in the same trade, lets hope it falls. I will watch for the next few minutes, if it drops, I may tighten my stop and go to sleep and hopefully wake up to a nice surprise.

let's hope but i'm waitting to change direction if it turns around
  • #75,585
  • Jul 11, 2008 1:06am Jul 11, 2008 1:06am
On 4hr we have a bearish flag. So im watching the LTL, of the accending channel. Flag pole is 350points, so should be the down moove if the flag will be confirmed. TWT
Attached Image (click to enlarge)
Click to Enlarge Name: gu_4hr_bearishflag_1107.gif Size: 35 KB
  • #75,586
  • Jul 11, 2008 1:13am Jul 11, 2008 1:13am
Lets see what Friday has in store for us.
The Pips I win, Make me grin. The dollars go strait to my Money Bin.
Don't Get Bitter, Get Better
  • #75,587
  • Jul 11, 2008 1:17am Jul 11, 2008 1:17am
I think 1.9750 needs to give way before the next decent drop, if/when thap happens, 1.9710 should come quick.
  • #75,588
  • Jul 11, 2008 1:20am Jul 11, 2008 1:20am
Quoting NuB
Lets see what Friday has in store for us.
The Pips I win, Make me grin. The dollars go strait to my Money Bin.
If this trading thing don't work out I'm gonna pick up RAP.
Don't Get Bitter, Get Better
  • #75,589
  • Jul 11, 2008 1:27am Jul 11, 2008 1:27am
in 3 months my account is 200% :-)
When life gives you lemons, make lemonade
  • #75,590
  • Jul 11, 2008 1:28am Jul 11, 2008 1:28am
Quoting tomasz
i went short @ 9767 but all the pairs are ranging now
im in same trade, let's hope it fails
  • #75,591
  • Jul 11, 2008 1:28am Jul 11, 2008 1:28am
Quoting Moe
please don't base your trades on what im doing.
moe, your trade is fine. relax.
USD Est Non Mortuus
  • #75,592
  • Jul 11, 2008 1:33am Jul 11, 2008 1:33am
its my birthday, its official
  • #75,593
  • Jul 11, 2008 1:35am Jul 11, 2008 1:35am
Quoting Moe
please don't base your trades on what im doing.
No sir I don't!
Just digging in the trenches like everyone else!
  • #75,594
  • Jul 11, 2008 1:35am Jul 11, 2008 1:35am
Happy Birthday Clouds and wiishing You lots of pips
  • #75,595
  • Jul 11, 2008 1:35am Jul 11, 2008 1:35am
Quoting Clouds
its my birthday, its official
Happy Birthday!
Just digging in the trenches like everyone else!
  • #75,596
  • Jul 11, 2008 1:36am Jul 11, 2008 1:36am
Quoting LuckyLurker
moe, your trade is fine. relax.
i was giving him advice, i dont need know one to tell me if or if not my trade is fine, good luck.
If I Go Broke Trying Then I Will die happy.
  • #75,597
  • Jul 11, 2008 1:38am Jul 11, 2008 1:38am
Quoting Moe
i was giving him advice, i dont need know one to tell me if or if not my trade is fine, good luck.
lol prick. And that's no.
USD Est Non Mortuus
  • #75,598
  • Jul 11, 2008 1:39am Jul 11, 2008 1:39am
Quoting micho
in 3 months my account is 200% :-)
Good Job! Keep up the hard work!
Just digging in the trenches like everyone else!
  • #75,599
  • Jul 11, 2008 1:45am Jul 11, 2008 1:45am
Quoting eohater
Good Job! Keep up the hard work!
When life gives you lemons, make lemonade
  • #75,600
  • Jul 11, 2008 1:46am Jul 11, 2008 1:46am
i think it will fall to 1.9736 if level 1.9750 broken..

@CLouds
Happy B'day bro...

@Micho
gud traded..

@Tetis
where r u...
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