Possible huge ass bullish flag formation in progress on the dayly. Though the bearish flag we had on 4hr didnt play out. Will post my chart later when the market opens.
Cheers.
Cheers.
Cable Update (GBPUSD)
- #75,801
- Jul 13, 2008 5:12am Jul 13, 2008 5:12am
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- #75,802
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- #75,804
- Jul 13, 2008 3:07pm Jul 13, 2008 3:07pm
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- #75,805
- Jul 13, 2008 3:09pm Jul 13, 2008 3:09pm
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Just digging in the trenches like everyone else!
- #75,806
- Jul 13, 2008 3:16pm Jul 13, 2008 3:16pm
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- #75,807
- Jul 13, 2008 3:31pm Jul 13, 2008 3:31pm
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short from friday bro
first one @ 1.9833 second one @1.9903
. I've had to work hard at not letting the news dictate my trading of cable. It's funny, I'm noticing more and more that when news comes out good for the US, the dollar gets flushed during the US session and then comes back during the following London session. When it comes to cable, I just follow my charts.Here's my take on the upcoming: My daily channel is showing a low price of 1.9801 and high of 1.9940. My 4 hour channel is showing me a low price of 1.982x and high around 2.0. I'm expecting a slight pullback possible to my daily low before it pushes higher. Of course anything is possible.
Good luck bro! I think you can possible save your ass if you don't want to ride the wave to 2.0.
Just digging in the trenches like everyone else!
- #75,808
- Jul 13, 2008 3:36pm Jul 13, 2008 3:36pm
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- #75,809
- Jul 13, 2008 3:48pm Jul 13, 2008 3:48pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
I was reading some of your posts and you noticed you got in during the news. I hate the f*cking news
Here's my take on the upcoming: My daily channel is showing a low price of 1.9801 and high of 1.9940. My 4 hour channel is showing me a low price of 1.982x and high around 2.0. I'm expecting a slight pullback possible to my daily low before it pushes higher. Of course anything is possible.
Good luck bro! I think you can possible save your ass if you don't want to ride the wave to 2.0.
yeah im sure the news would have taken cable down on friday only fanny and freddy the twits
..are causing huge mess...probably why we went so high.....i really didnt expect it break all those resistancesmonday news im hoping gonna send cable down and then it look postive for cable.....there was a evening star on gold and dollar seem to maybe have against some strength....but can only tell this at the open..should be ok...im holding anyways if i have too
- #75,811
- Jul 13, 2008 3:52pm Jul 13, 2008 3:52pm
- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
I was reading some of your posts and you noticed you got in during the news. I hate the f*cking news
Here's my take on the upcoming: My daily channel is showing a low price of 1.9801 and high of 1.9940. My 4 hour channel is showing me a low price of 1.982x and high around 2.0. I'm expecting a slight pullback possible to my daily low before it pushes higher. Of course anything is possible.
Good luck bro! I think you can possible save your ass if you don't want to ride the wave to 2.0.
News is the devil, but worse as I like the devil he's cool!!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
- #75,813
- Jul 13, 2008 4:05pm Jul 13, 2008 4:05pm
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- #75,815
- Jul 13, 2008 6:13pm Jul 13, 2008 6:13pm
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GBP/USD is in a downtrend on the Daily charts, Im showing a short signal on my 4h system but, I'll wait untill price moves below 1.9850 just to be sure..
- #75,816
- Jul 13, 2008 7:02pm Jul 13, 2008 7:02pm
downtrend on the daily charts????............LOL!!!
AmeriTrini,
I was looking at what price has done over longer period of time, short term its up : ) but thinking might be close to consolidation from the last bullish move hit support and come down a bit
if not oh well its a continuation of the uptrend...what do you think?Peace
It's me...
!
- #75,819
- Jul 13, 2008 7:13pm Jul 13, 2008 7:13pm
- | Membership Revoked | Joined Mar 2005 | 4,703 Posts
If I Go Broke Trying Then I Will die happy.
- #75,820
- Jul 13, 2008 7:15pm Jul 13, 2008 7:15pm
- | Membership Revoked | Joined Mar 2005 | 4,703 Posts
If I Go Broke Trying Then I Will die happy.