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Cable Update (GBPUSD)

  • #79,261
  • Jul 31, 2008 1:11pm Jul 31, 2008 1:11pm
Quoting warta
the close of today is more important than any move now
if above 860 area tomorrow sure bullish move if below then will continue bearish
I think a daily close above yesterday's high which is 9841 would be good enough for more bullish action. As you said, the daily close is most crucial now...
Patience + Discipline - Greed = Success
  • #79,262
  • Jul 31, 2008 1:11pm Jul 31, 2008 1:11pm
Quoting warta
the close of today is more important than any move now
if above 860 area tomorrow sure bullish move if below then will continue bearish
Got ya, thanks! Hopefully I'll be able to offer perspective rather than questions some point soon
  • #79,263
  • Jul 31, 2008 1:11pm Jul 31, 2008 1:11pm
[quote=warta;2140206]European Economyhttp://www.ecpulse.com/en/images/cro...omepage_93.gif 31 Jul 2008 Thursday
Stagflation is getting close to the Europeans…


Thanks for sharing the info.
{Promotion Removed}
  • #79,264
  • Jul 31, 2008 1:13pm Jul 31, 2008 1:13pm
Quoting Infinity
Daily not closed yet....but if it closes red, it qualifies as a bearish pin for me...
i cant understand why u dont look at the doji long leg the day before it dont say anything for u ?
  • #79,265
  • Jul 31, 2008 1:15pm Jul 31, 2008 1:15pm
[quote=atif;2140234]
Quoting warta
European Economyhttp://www.ecpulse.com/en/images/cro...omepage_93.gif 31 Jul 2008 Thursday
Stagflation is getting close to the Europeans…


Thanks for sharing the info.

welcome bro
  • #79,266
  • Jul 31, 2008 1:16pm Jul 31, 2008 1:16pm
Quoting Infinity
Daily not closed yet....but if it closes red, it qualifies as a bearish pin for me...
Thank you insight infinity and warta for your insight!!
  • #79,267
  • Jul 31, 2008 1:19pm Jul 31, 2008 1:19pm
Quoting warta
i cant understand why u dont look at the doji long leg the day before it dont say anything for u ?
It is possible that the action we have seen today was based on that and it has already played out...
Patience + Discipline - Greed = Success
  • #79,268
  • Jul 31, 2008 1:22pm Jul 31, 2008 1:22pm
Quoting Infinity
It is possible that the action we have seen today was based on that and it has already played out...

right but its not the end of the action its only the start
  • #79,269
  • Jul 31, 2008 1:24pm Jul 31, 2008 1:24pm
Quoting warta
right but its not the end of the action its only the start
Price action will lead the way my friend...let us see what the daily close brings....
Patience + Discipline - Greed = Success
  • #79,270
  • Jul 31, 2008 1:25pm Jul 31, 2008 1:25pm
IMO I am looking for a close today @ 1.9760.If I pull a fib on the 15 min from the high of today down to 1.9760 we get a perfect bounce off of the 38 fib line.I could be wrong but it works for me alot of times.Maybe not a close at 1.9760 but atleast the low for today.
Please ask questions and share your experiences with us all!
  • #79,271
  • Jul 31, 2008 1:29pm Jul 31, 2008 1:29pm
Quoting Infinity
It is possible that the action we have seen today was based on that and it has already played out...

infinity have a look bro same senario but in 2 diff. wave

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  • #79,272
  • Jul 31, 2008 1:36pm Jul 31, 2008 1:36pm
Remember last day of the month again and price is at home here.
To me though the 1 hr pin bar is the candle of the day and bears over the charts.
Attached Image(s) (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #79,273
  • Jul 31, 2008 1:38pm Jul 31, 2008 1:38pm
Oh man I really did not see that,lol

Quoting warta
infinity have a look bro same senario but in 2 diff. wave

Attachment
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #79,274
  • Jul 31, 2008 1:40pm Jul 31, 2008 1:40pm
Quoting Bones
Oh man I really did not see that,lol

interresting to keep it in consideration
lol
  • #79,275
  • Jul 31, 2008 1:41pm Jul 31, 2008 1:41pm
Quoting warta
infinity have a look bro same senario but in 2 diff. wave

Attachment
Great observation bro...... but I still maintain that it is the close that will be important... if you notice your chart you will see that in the first scenario, the second to last pin closed lower than it opened after making a lower low...the subsequent candle then continued lower....
Today's candle is not closed yet....but if it closes higher than it opened without making a new low, then we could see similar action as you stated but to the upside... If it closes as a bearish pin however, it could be different... As I said, we should pay close attention to the day close....
Patience + Discipline - Greed = Success
  • #79,276
  • Jul 31, 2008 1:42pm Jul 31, 2008 1:42pm
we sitting right at the base of the trendline which cause the uptrend....it could go either way ..but needs a reason and i think thats why we waiting for tomorrow
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  • #79,277
  • Jul 31, 2008 1:43pm Jul 31, 2008 1:43pm
Quoting Infinity
Great observation bro...... but I still maintain that it is the close that will be important... if you notice your chart you will see that in the first scenario, the second to last pin closed lower than it opened after making a lower low...the subsequent candle then continued lower....
Today's candle is not closed yet....but if it closes higher than it opened without making a new low, then we could see similar action as you stated but to the upside... If it closes as a bearish pin however, it could be different... As I said, we should pay close attention to the day close....
thats exactly what am looking for the close is the most important now
  • #79,278
  • Jul 31, 2008 1:45pm Jul 31, 2008 1:45pm
Do I smell profit again Navin




Quoting nAVIN2007
i got out as i think we likely to enter traffic now and not wanting to give any back ..
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #79,279
  • Jul 31, 2008 1:49pm Jul 31, 2008 1:49pm
Quoting Bones
Do I smell profit again Navin
being very carefull bro.. so far so good but its not profit yet..lol

hows u doing bro ...?
  • #79,280
  • Jul 31, 2008 2:13pm Jul 31, 2008 2:13pm
Quoting warta
infinity have a look bro same senario but in 2 diff. wave

Attachment
Good eye for pointing that out! I'm biased for a long myself from my daily and weekly charts. Good entry would be around 1.978x with SL around 1.974x.
Just digging in the trenches like everyone else!
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