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Cable Update (GBPUSD)

  • #76,521
  • Jul 20, 2008 1:55pm Jul 20, 2008 1:55pm
Quoting 2be
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
Hi 2be,
Good 2 see you again matey.....
Let me know if you are gonna be posting on here on a regular basis then I will start posting as well..
Happy trading
Rav
  • #76,522
  • Jul 20, 2008 2:36pm Jul 20, 2008 2:36pm
Pssssstt.

Next time cable bounces on this lower trend line........................

Let's all go long!!!!!!!!!!

Pass it on
Attached Image (click to enlarge)
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  • #76,523
  • Jul 20, 2008 2:42pm Jul 20, 2008 2:42pm
We are in the middel of a channel should be going down, but I got a feeling its going up but feelings mean jack!
Attached Image (click to enlarge)
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  • #76,524
  • Jul 20, 2008 2:43pm Jul 20, 2008 2:43pm
Quoting Shilva
Pssssstt.

Next time cable bounces on this lower trend line........................

Let's all go long!!!!!!!!!!

Pass it on
  • #76,525
  • Jul 20, 2008 3:00pm Jul 20, 2008 3:00pm
Hey Salah not much fundi stuff this week.
Im am still long on cable my overall view comes from the monthly.
Heres my daily and 4 hr view.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: cable 4hr sunday 20-07.gif Size: 56 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #76,526
  • Jul 20, 2008 3:20pm Jul 20, 2008 3:20pm
Quoting Bones
Hey Salah not much fundi stuff this week.
Im am still long on cable my overall view comes from the monthly.
Heres my daily and 4 hr view.
good to see u back bro .....

and its great to see more people post ....good stuff
  • #76,527
  • Jul 20, 2008 3:23pm Jul 20, 2008 3:23pm
Quoting Bones
Hey Salah not much fundi stuff this week.
Im am still long on cable my overall view comes from the monthly.
Heres my daily and 4 hr view.
Yes but keep in mind that the long moove can be limited because the price might seek a touch of the accending 4hr channels LTL. Price seems channeling down towards support @ ~.9948. Possible bullish flag on 1hr, but bulls might be loosing power and not capable of breaking north.

Just my 2 cents...
  • #76,528
  • Jul 20, 2008 3:25pm Jul 20, 2008 3:25pm
Quoting rav700
Hi 2be,
Good 2 see you again matey.....
Let me know if you are gonna be posting on here on a regular basis then I will start posting as well..
Happy trading
Rav
Hi Rav, good to see you. I have found thread that posts Delta counts and EW. I have been posting a bit there http://www.learncurrencytrading.com/...alyst-290.html is the link, I shall also post on this forum, but re Delta I shall post on the one indicated above. I have joined the other forum just for that one thread. FF is a great forum, and on this thread we have got some excellent posings too. I like Bobokus Fibs, Inside bar at 6.00am, and Philip Nell and other threads on FF. I am very pleased that Navin is gathering good ppips!!! Hope you are well.
Best wishes and many good trades,
2be
Make sure losses are small and profits are bigger!
  • #76,529
  • Jul 20, 2008 3:37pm Jul 20, 2008 3:37pm
Hey Belekas howz it going?
Apsolutly agree with that we do need to break up pretty quick but I do like the daily pin and have every confidece that it will break up before breaking down.
Question is how far can it go ? as it may need some $ neg help generally and the the first bit on the light calander is house prices which dose not bode well for the bulls.


Quoting belekas
Yes but keep in mind that the long moove can be limited because the price might seek a touch of the accending 4hr channels LTL. Price seems channeling down towards support @ ~.9948. Possible bullish flag on 1hr, but bulls might be loosing power and not capable of breaking north.

Just my 2 cents...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #76,530
  • Jul 20, 2008 3:44pm Jul 20, 2008 3:44pm
Quoting Bones
Hey Belekas howz it going?
Apsolutly agree with that we do need to break up pretty quick but I do like the daily pin and have every confidece that it will break up before breaking down.
Question is how far can it go ? as it may need some $ neg help generally and the the first bit on the light calander is house prices which dose not bode well for the bulls.
Notice the possible bull flag we are in right now on 4hr. The UTL might give some resistance. But if it breaks north, i see resistance @ ~2.0053
  • #76,531
  • Jul 20, 2008 3:44pm Jul 20, 2008 3:44pm
Quoting Bones
Hey Salah not much fundi stuff this week.
Im am still long on cable my overall view comes from the monthly.
Heres my daily and 4 hr view.
Nice to see you bones! Your "good base" is more or less my buy target. NO need to post a chart, yours is fine.
USD Est Non Mortuus
  • #76,532
  • Jul 20, 2008 3:49pm Jul 20, 2008 3:49pm
lol,its good to be back lucky,that would deffinatly be a good buy my friend
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #76,533
  • Jul 20, 2008 3:55pm Jul 20, 2008 3:55pm
Yup. Would be a perfect buy right at this point. Accending 4hr LTL + support confluence. Would be lovely...
Attached Image (click to enlarge)
Click to Enlarge Name: gu_h4_accendingltl+sup.gif Size: 33 KB
  • #76,534
  • Jul 20, 2008 3:59pm Jul 20, 2008 3:59pm
i where have 2 short. from 2.0044

first one closed friday on 1.9905

but i still have one and it` must be closed on 1.9870/50
..
  • #76,535
  • Jul 20, 2008 4:12pm Jul 20, 2008 4:12pm
That was quick no 5:30-6pm drop tonight
  • #76,536
  • Jul 20, 2008 4:12pm Jul 20, 2008 4:12pm
wow . this is certainly interesting. money is talking.
USD Est Non Mortuus
  • #76,537
  • Jul 20, 2008 4:15pm Jul 20, 2008 4:15pm
``Why was there such a big spike now
  • #76,538
  • Jul 20, 2008 4:15pm Jul 20, 2008 4:15pm
As i was expecting. Bulls seems loosing power not able to make it up to the UTL of 1hr descending channel. Price stopped at the broken dayly TL (blue dotted) in my chart ive posted before. Also right now we are in support area ~9948.
  • #76,539
  • Jul 20, 2008 4:29pm Jul 20, 2008 4:29pm
Quoting honda250nsr
``Why was there such a big spike now
People playing golf on friday afternoon, and their blackberry signal failing at 3:30 est.
USD Est Non Mortuus
  • #76,540
  • Jul 20, 2008 4:39pm Jul 20, 2008 4:39pm
IMHO,

despite af this really nice spike for the ones who were still short on friday, i strongly consider the trend for the day on gbpusd changed to bullish ... of course a dip-buy strategy is very welcome atm and before LSE opening.

support areas are well placed stronger @ 1.99 having last defense @ 1.9850.

resistance is @ 2.0075

any of u share this insight?

iiivb
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