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Cable Update (GBPUSD)

  • #78,901
  • Jul 30, 2008 12:48pm Jul 30, 2008 12:48pm
Quoting toyboy tramp
Backing up my view, if you look at the chart a daily pin is forming at strong support/fib levels. I entered a position before waiting for confirmation, which would be tomorrow's daily breaking north of it, and am in green pips.

G10:What do you mean by top of the run?

I think we are looking at different timeframes. I do follow the daily, but I'm currently focused more on the hourly chart.

I'm still bearish overall, and believe we will see 1.9700 before we will see 2.02 again.

All I can say is trade what you see Bro, I've been wrong enough times in forex, that is for sure.

G10
Enlightened.
  • #78,902
  • Jul 30, 2008 12:49pm Jul 30, 2008 12:49pm
I think we close near 200 ema 198.56 or so on the daily. Then we pull back on consumer confidence. I think tomorrow we move back down again if the expected numbers hold on the calender for the US. Nothing coming out of UK to support the pound tomorrow only lower housing numbers if that holds true as well. I think this week lends to the dollar but at most 196.50
  • #78,903
  • Jul 30, 2008 12:54pm Jul 30, 2008 12:54pm
Quoting Optimum
http://img401.imageshack.us/img401/840/gurb4.th.jpg

Up trend ?
What the hell kind of chart is this? Your uploading charts with advertisements?

I would like to know what time frame it is though.
Just digging in the trenches like everyone else!
  • #78,904
  • Jul 30, 2008 12:59pm Jul 30, 2008 12:59pm
I am still waiting for better price to go short.
No one can change that, no one
Attached Image
  • #78,905
  • Jul 30, 2008 1:00pm Jul 30, 2008 1:00pm
Quoting 5ysfx
I am still waiting for better price to go short.
No one can change that, no one
I'll go short with you around 1.987x
Just digging in the trenches like everyone else!
  • #78,906
  • Jul 30, 2008 1:00pm Jul 30, 2008 1:00pm
that should be clear
Attached Image
  • #78,907
  • Jul 30, 2008 1:01pm Jul 30, 2008 1:01pm
Quoting toyboy tramp
Backing up my view, if you look at the chart a daily pin is forming at strong support/fib levels. I entered a position before waiting for confirmation, which would be tomorrow's daily breaking north of it, and am in green pips.

G10:What do you mean by top of the run?
I'm not real big on pinbars, but I looked on the James 16 thread and found this chart... Notice how he mentions a third bar. It seems to me that the bar on the daily chart you are referring to is not a valid pinbar. I am not a student though, maybe someone from the james 16 group could comment?
Attached Image (click to enlarge)
Click to Enlarge Name: P.jpg Size: 114 KB
Enlightened.
  • #78,908
  • Jul 30, 2008 1:01pm Jul 30, 2008 1:01pm
Quoting eohater
What the hell kind of chart is this? Your uploading charts with advertisements?

I would like to know what time frame it is though.
It is a 15 minute chart I am pretty sure
Please ask questions and share your experiences with us all!
  • #78,909
  • Jul 30, 2008 1:06pm Jul 30, 2008 1:06pm
Quoting bkg102665
It is a 15 minute chart I am pretty sure
WOW!
Just digging in the trenches like everyone else!
  • #78,910
  • Jul 30, 2008 1:06pm Jul 30, 2008 1:06pm
Optimum, this is indeed i wanted to tell you !

IMAGESHACK man ? cmon ? This site install thousands of spywares!

Go host in other place like photobucket.com or something...

Peace
  • #78,911
  • Jul 30, 2008 1:06pm Jul 30, 2008 1:06pm
Quoting eohater
I'll go short with you around 1.987x
count me in as well
  • #78,912
  • Jul 30, 2008 1:08pm Jul 30, 2008 1:08pm
Quoting nAVIN2007
count me in as well
What's up bro? You doing good today? I've taken it easy this week. End of month and all.
Just digging in the trenches like everyone else!
  • #78,913
  • Jul 30, 2008 1:09pm Jul 30, 2008 1:09pm
Quoting Galeforce 10
I'm not real big on pinbars, but I looked on the James 16 thread and found this chart... Notice how he mentions a third bar. It seems to me that the bar on the daily chart you are referring to is not a valid pinbar. I am not a student though, maybe someone from the james 16 group could comment?
That's what I mean about waiting for confirmation, what is does have going for it b4 confirmation is its location, but the day isn't done, and everything can change.
Money & Pain Respect the market, protect your capital, be patient
  • #78,914
  • Jul 30, 2008 1:10pm Jul 30, 2008 1:10pm
2 hours left then range or short
7 hours cycle will be completed.
  • #78,915
  • Jul 30, 2008 1:10pm Jul 30, 2008 1:10pm
Quoting eohater
I'll go short with you around 1.987x
you guys really think we will see 9870 before we drop? i was originally thinking short at 9845 for a 100 pip drop
  • #78,916
  • Jul 30, 2008 1:12pm Jul 30, 2008 1:12pm
Quoting nAVIN2007
count me in as well
I been getting raped by this currency... 19870 gives me "hope" to close the long i have open @ (19870)
  • #78,917
  • Jul 30, 2008 1:14pm Jul 30, 2008 1:14pm
100 pips imposimble imo
50-60 pips maybe no more than 50% retracement of this wave
strong support at 198
just my 2 cent
  • #78,918
  • Jul 30, 2008 1:15pm Jul 30, 2008 1:15pm
Quoting Manny
I been getting raped by this currency... 19870 gives me "hope" to close the long i have open @ (19870)
manny in my opinion - this currency is pretty straightforward at the moment - horrible news has been/will be coming out of the UK and good news has been/will be coming out of the US. play the shorts on this pair and the EU.
  • #78,919
  • Jul 30, 2008 1:15pm Jul 30, 2008 1:15pm
Someone explain me why you think this is going down?
Attached Image
Money & Pain Respect the market, protect your capital, be patient
  • #78,920
  • Jul 30, 2008 1:16pm Jul 30, 2008 1:16pm
Quoting eohater
What's up bro? You doing good today? I've taken it easy this week. End of month and all.

been to work whole week..i havent ben able to trade at all...i tried placing pending orders but they keep missing..been asking to much...lol

dangerous week bro...we still winning so long as we aint losing money
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