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Cable Update (GBPUSD)

  • #79,541
  • Aug 4, 2008 3:46am Aug 4, 2008 3:46am
Quoting Jurrasic
You guys sure have some interesting ways of drawing trendlines. I don't see a penetration of 3h-4h LTL, it stopped right at it on my chart. That daily trend line on IYI's chart I don't get at all, I was under the impression that you need to connect at least 2 points to make a line...
Agree with you.

GBP.USD FUT (SEP'08)
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  • #79,542
  • Aug 4, 2008 3:52am Aug 4, 2008 3:52am
Have a look pls.

Quoting Jurrasic
You guys sure have some interesting ways of drawing trendlines. I don't see a penetration of 3h-4h LTL, it stopped right at it on my chart. That daily trend line on IYI's chart I don't get at all, I was under the impression that you need to connect at least 2 points to make a line...
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  • #79,543
  • Aug 4, 2008 3:54am Aug 4, 2008 3:54am
I don't mean to say u anything,except to warn u,coz thesee candle is still not closed.

Quoting I.Y.I
Have a look pls.
  • #79,544
  • Aug 4, 2008 3:59am Aug 4, 2008 3:59am
Quoting I.Y.I
Have a look pls.
But your second low is at present time and hasn't formed it, until it does it's like an arbitrary line you drew. Also, I tend to draw trendlines from the actual lows and highs, closes are a subjective matter on daily and 3h-4h charts as people use different GMT settings. Maybe it stayed down there and pulled back at the last few minutes for example. The actual peak points is what everyone sees and is true for them and also give you the outermost border, so that's what I use at least.
On the path to Enrichment.
  • #79,545
  • Aug 4, 2008 4:04am Aug 4, 2008 4:04am
DJ do you agree that GBP is in quadrant 1. Median at +- 1.9800? Plus I see GBP at the bottom of a channel. Fed wont cut rates tomorrow so we should be going long? I want to enter around 1.9680. You still holding your long?
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  • #79,546
  • Aug 4, 2008 4:07am Aug 4, 2008 4:07am
Quoting Runway Trade
So we going to the bottom of the down channel! LL your buy order should kick in today. Feb not going to cut rates?! so I think we will be going up after we hit the channel 1.9650+-
Sure thing. Ill stagger my buy orders if it goes even lower. being cable though, it might pop up from here to touch 9800 to 9880.. prob some good support here.
USD Est Non Mortuus
  • #79,547
  • Aug 4, 2008 4:24am Aug 4, 2008 4:24am
Quoting sblank
my 1hr is ok....fu-barded the 4hr.
FUBAR I love saying that. Tango and Cash classic
Don't Get Bitter, Get Better
  • #79,548
  • Aug 4, 2008 4:28am Aug 4, 2008 4:28am
Quoting NuB
FUBAR I love saying that. Tango and Cash classic
Classic B-Movie enjoyed with a brew!!!!
  • #79,549
  • Aug 4, 2008 5:03am Aug 4, 2008 5:03am
Does any one feel we have reached the bottom??
Keep It Simple Stupid
  • #79,550
  • Aug 4, 2008 5:19am Aug 4, 2008 5:19am
LTL breached... could plunge or still make it back if eu rebounds and finally manages to break up.
On the path to Enrichment.
  • #79,551
  • Aug 4, 2008 5:22am Aug 4, 2008 5:22am
Quoting Alastair
Does any one feel we have reached the bottom??

i think we reached bottom. It also stopped @ fibo 62%.
  • #79,552
  • Aug 4, 2008 5:22am Aug 4, 2008 5:22am
Quoting Runway Trade
DJ do you agree that GBP is in quadrant 1. Median at +- 1.9800? Plus I see GBP at the bottom of a channel. Fed wont cut rates tomorrow so we should be going long? I want to enter around 1.9680. You still holding your long?
Hi...
Just checked in. Yes I am still holding long at 1.9756 (-85 as I type) and just took another long at 1.9674.... Median is around 1.9800 yes, so good place to buy....
Happy trading all
  • #79,553
  • Aug 4, 2008 5:23am Aug 4, 2008 5:23am
Quoting Alastair
Does any one feel we have reached the bottom??
There is no bottom
  • #79,554
  • Aug 4, 2008 5:29am Aug 4, 2008 5:29am
Quoting DJ4x
There is no bottom
Very true!!
Keep It Simple Stupid
  • #79,555
  • Aug 4, 2008 5:33am Aug 4, 2008 5:33am
Long pos opened @ 9686 . will buy again lower if price continues. 9600 etc.
USD Est Non Mortuus
  • #79,556
  • Aug 4, 2008 5:36am Aug 4, 2008 5:36am
Quoting LuckyLurker
Long pos opened @ 9686 . will buy again lower if price continues. 9600 etc.
Welcome Lucky..... We've been waiting for u to pull the trigger. LOL
  • #79,557
  • Aug 4, 2008 5:42am Aug 4, 2008 5:42am
Quoting DJ4x
Welcome Lucky..... We've been waiting for u to pull the trigger. LOL
Trigger pulled
USD Est Non Mortuus
  • #79,558
  • Aug 4, 2008 6:31am Aug 4, 2008 6:31am
alright, everyone start to make really loud noises and we'll scare this thing back up.
  • #79,559
  • Aug 4, 2008 6:33am Aug 4, 2008 6:33am
i am going to wait untill 8:30 u.s. data before going long
  • #79,560
  • Aug 4, 2008 6:37am Aug 4, 2008 6:37am
Quoting dancarey
alright, everyone start to make really loud noises and we'll scare this thing back up.
What you long @?
Keep It Simple Stupid
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