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Cable Update (GBPUSD)

  • #76,501
  • Jul 19, 2008 1:14pm Jul 19, 2008 1:14pm
Quoting Infinity
Naked Gu weekly chart.....

We could see some more bearish action next week based on this week's close. The long wick at the top and the close below 2.000 could take us back down to 9800 area. If 9800 is taken out then we could possibly be heading back down to 9600 area. Next week should be interesting....
I think so beside my indicators say so but what about daily dogi!!
  • #76,502
  • Jul 19, 2008 3:35pm Jul 19, 2008 3:35pm
what i see happening...

good luck every1
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  • #76,503
  • Jul 19, 2008 3:37pm Jul 19, 2008 3:37pm
Quoting egkid
I think so beside my indicators say so but what about daily dogi!!
Here is a day chart to consider......

Lower highs and lower lows since we hit 2.0150
Stochastic crossed and heading down
Lots of room on the MACD histo for more bear
Broke through 38.2% fib level and bounced from 50% (I expect a retest and breach next week)

It looks to me that we will be heading to the bottom of the channel or at least to the 100sma(blue line) or 50 ema (green line). I think when we get a close below the 200sma (red line) this down move will accelerate.

I am still bullish long term on this pair but short term this looks bearish and I like to take the pips both ways. The fact that the last week's candle close was below 2.000 with that long wick at the top also makes me feel we will be heading lower before continuing up.

Bless
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Patience + Discipline - Greed = Success
  • #76,504
  • Jul 19, 2008 3:53pm Jul 19, 2008 3:53pm
i wish more people would post charts....it really doesnt matter if yur new but the idea of posting can give people idea and also allow experienced trader to show corrections....

come on guys.....
  • #76,505
  • Jul 19, 2008 4:50pm Jul 19, 2008 4:50pm
Quoting nAVIN2007
i wish more people would post charts....it really doesnt matter if yur new but the idea of posting can give people idea and also allow experienced trader to show corrections....

come on guys.....

nAVIN2007,

Thats a good Idea, but I am in Inside Bar trader so I dont know if thats going to help people ...
It's me...
  • #76,506
  • Jul 19, 2008 9:51pm Jul 19, 2008 9:51pm
Quoting nAVIN2007
i wish more people would post charts....it really doesnt matter if yur new but the idea of posting can give people idea and also allow experienced trader to show corrections....

come on guys.....
nAVIN2007,

I am new to the thread. I wanted to post a chart last week but I couldn't figure out how to do it. Any suggestions on how? Not on getting it here but how to get a copy from my software.

Thanks
  • #76,507
  • Jul 19, 2008 10:16pm Jul 19, 2008 10:16pm
Quoting sblank
nAVIN2007,

I am new to the thread. I wanted to post a chart last week but I couldn't figure out how to do it. Any suggestions on how? Not on getting it here but how to get a copy from my software.

Thanks
Sorry nAVIN2007, i'll answer that. but first welcome sblank.
each chart softwaer have the opetion for exporting the chart as an image. check the file menu and you can see the option save as image or only save as, export to image, then you can choose your setting for the chart.
  • #76,508
  • Jul 20, 2008 2:27am Jul 20, 2008 2:27am
Quoting sblank
nAVIN2007,

I am new to the thread. I wanted to post a chart last week but I couldn't figure out how to do it. Any suggestions on how? Not on getting it here but how to get a copy from my software.

Thanks
Easiest way ( not knowing what software you use ) is to press Alt-Prnt Scrn which copies the active window to the clipboard. Then Paste into any drawing application like MsPaint. Then from MsPaint save the image as a bmp or jpg to disk
  • #76,509
  • Jul 20, 2008 3:19am Jul 20, 2008 3:19am
Quoting AgentFx
nAVIN2007,

Thats a good Idea, but I am in Inside Bar trader so I dont know if thats going to help people ...
every1 gains from posted charts ...regardless
  • #76,510
  • Jul 20, 2008 4:15am Jul 20, 2008 4:15am
hi all

how do you expected the Gap today?

is it up like last week or we will see new down one?
  • #76,511
  • Jul 20, 2008 5:48am Jul 20, 2008 5:48am
Cool, thanks for the info I'll give them a try
  • #76,512
  • Jul 20, 2008 10:27am Jul 20, 2008 10:27am
Thanks guys on the chart help...GOT IT. Now I will check everything over before posting so I don't look like a fool!!
  • #76,513
  • Jul 20, 2008 10:39am Jul 20, 2008 10:39am
Quoting Infinity
Naked Gu weekly chart.....

We could see some more bearish action next week based on this week's close. The long wick at the top and the close below 2.000 could take us back down to 9800 area. If 9800 is taken out then we could possibly be heading back down to 9600 area. Next week should be interesting....
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  • #76,514
  • Edited 3:51pm Jul 20, 2008 11:03am | Edited 3:51pm
Hey Nav excellent work on your pip count buddy Ive just had a short break in Spain ,Ive not gone bust or been banned ,lol

Im not going to leave you guys so easy





Quoting nAVIN2007
we very close to the low of the day ..if this gets taken out we likely go down ...i hope...

where and what happened to tony i hope he is ok? .....every1 is awol ...??????
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #76,515
  • Jul 20, 2008 11:51am Jul 20, 2008 11:51am
How has been your trip, you are welcome back. I am thinking that the cable is bias for short this week that we are in what do you think?
Quoting Abuawad
Thanks, my trip wasn't in saudi arabi. it was to jordan
  • #76,516
  • Jul 20, 2008 11:54am Jul 20, 2008 11:54am
Here are couple of charts 4hr and 1day. Looks like we are going to test 2.0 and then go down. For now it appears we are still in the up channel until we break and close below the lower trend line on the 4hr. chart. Any thoughts??
  • #76,517
  • Jul 20, 2008 12:10pm Jul 20, 2008 12:10pm
Sorry they were too big zipped bmp for now
Attached File(s)
File Type: zip 1day.zip   23 KB | 295 downloads
File Type: zip 4hr.zip   21 KB | 309 downloads
  • #76,518
  • Jul 20, 2008 12:23pm Jul 20, 2008 12:23pm
Quoting nAVIN2007
i wish more people would post charts....it really doesnt matter if yur new but the idea of posting can give people idea and also allow experienced trader to show corrections....

come on guys.....
Great post Navin, pleased for you to ger these pps. For a slightly different perspective on G/U one can visit http://www.learncurrencytrading.com/...alyst-290.html The question for the next few days is whether cable will get to 9840 zone, or even lower. This would make my Delta count more evenly distributed.
Happy trading to all,
2be
Make sure losses are small and profits are bigger!
  • #76,519
  • Jul 20, 2008 12:40pm Jul 20, 2008 12:40pm
Quoting 2be
Great post Navin, pleased for you to ger these pps. For a slightly different perspective on G/U one can visit http://www.learncurrencytrading.com/...alyst-290.html The question for the next few days is whether cable will get to 9840 zone, or even lower. This would make my Delta count more evenly distributed.
Happy trading to all,
2be
2be, I'm tending to agree with you. We are still in the up channel on the 4hr but we have a descending line down to the 1.9850 area. 1 hr starting to show signs of down too.
  • #76,520
  • Jul 20, 2008 1:46pm Jul 20, 2008 1:46pm
Quoting sblank
2be, I'm tending to agree with you. We are still in the up channel on the 4hr but we have a descending line down to the 1.9850 area. 1 hr starting to show signs of down too.
In my Delta count ITD4 should come on Mon/Tue at 9840tish zone, there aslo is another Fibs confluence at 9715 zone, and were ITD come even later then Tue, cable might reach it, though a bit unlikely. Once ITD4 is reached, ITD 5 is an up move, but should not surpass ITD3@20158 on the up side. Please read the link indicated in my last posting if you would like to gain further perspective on this particular Delta/EW count.
2be
Make sure losses are small and profits are bigger!
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