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Cable Update (GBPUSD)

  • #5,981
  • Feb 14, 2007 2:04am Feb 14, 2007 2:04am
Quoting goonergonebad
For a newbie, in English please.
I doubt he wrote that in German...
I am just here to talk nonsense =D
  • #5,982
  • Feb 14, 2007 2:05am Feb 14, 2007 2:05am
Another double low bar on 1 hour chart? But with a lower close though....
I am just here to talk nonsense =D
  • #5,983
  • Feb 14, 2007 2:05am Feb 14, 2007 2:05am
How about this set up:

Breach of 9560 (actually 250EMA - 4hr). I'd consider the breach by 1hr candle closing above of it.
Daily MACD and RSI crossing 50.
SL 9460 (-100 pips), move it daily according to previous day candle.
1ts Target 9720 / 2nd - 9800 (?!?!)

This would be the confirmation of the daily pin-bar we had yesterday, although this 9560 and breach may not happen as of today... Well, may not happen this week... Or ever

This 4hr 250EMA is playing a role here for quite sometime. This time it is at a good price to declare reversal off of the downward move.

Comments welcome
  • #5,984
  • Feb 14, 2007 2:22am Feb 14, 2007 2:22am
Recent behavior after bouncing this EMA:

- Jan 31, EMA = 9541. Next 4h candle closed at 9670 (131 pips). Topped 9733 on the following day

- Feb 5, EMA = 9550. Next 4h candle closed at 9609 (59 pips). Topped 9720 on the following day

- Feb 12, EMA = 9570 (no touched). Next 4h candle closed at 9436 (134 pips). Bottom at 9401 on the following day...

Another bounce at this EMA (if it is now playing resistance as heavily as it played support) may throw us down to 9260 area, for possible double bottom.
  • #5,985
  • Feb 14, 2007 2:28am Feb 14, 2007 2:28am
News in 2 minutes....
I am just here to talk nonsense =D
  • #5,986
  • Feb 14, 2007 2:36am Feb 14, 2007 2:36am
Quoting cesarnc

I'll be off until the confirmation that we've seen the bottom here. Tomorrow will be a rat pack of mixed news, usually a festival of whipsaws. May help realize who's calling the shots... bulls or bears....
Be aware
  • #5,987
  • Feb 14, 2007 2:42am Feb 14, 2007 2:42am
What was the news?
  • #5,988
  • Feb 14, 2007 2:46am Feb 14, 2007 2:46am
Quoting Leugimp
TP1(+85) reached, trailing at 9450 for now - will not automatically Take remainder Profit and reverse @9570 for a breach of 9565 on close of 1600 tick and 9622 will be next. so only partial taken @9565. Also, intial position that was closed @ profit will be reintiated @ 9475 if we get there, with stop on whole position now @ 9450
Took another partial @ 9550 - stop on remainder moved to 9480 and will let the remainder ride until a 1600 tick close and breach of low below a daily pivot.
Man who scratches ass should not bite fingernails
  • #5,989
  • Feb 14, 2007 2:58am Feb 14, 2007 2:58am
9550 - 9565 is a temporary minor reversal level so if price reverses here we may see a drop to 9513 with a spike just below - if we do get that spike i will reinitiate another long at 9513 level, leaving trailing stop on whole position @ 9480.
Man who scratches ass should not bite fingernails
  • #5,990
  • Feb 14, 2007 3:04am Feb 14, 2007 3:04am
Quoting Leugimp
9550 - 9565 is a temporary minor reversal level so if price reverses here we may see a drop to 9513 with a spike just below - if we do get that spike i will reinitiate another long at 9513 level, leaving trailing stop on whole position @ 9480.

Also - 9588 may act as a strong resistance area on dailys so if we reach this level prior to drop to 9513 area, I will cancel my additional long order at 9513, move it to 9550-9565 level and move move my trailing stop up to below 9513 level.
Man who scratches ass should not bite fingernails
  • #5,991
  • Feb 14, 2007 3:04am Feb 14, 2007 3:04am
cable fundamental levels :

offers : 1.9565/70
bids : 1.9485/80
  • #5,992
  • Feb 14, 2007 3:05am Feb 14, 2007 3:05am
Good Day

I Think the GBP/USD had a hard resistance @ 1.9575 ... if the can't pass it ... i think the cable will fall in NY Session

First Target 1.9530

Second Target 1.9501

third Target 1.9470

Thanks alot
  • #5,993
  • Feb 14, 2007 3:11am Feb 14, 2007 3:11am
Quoting deboooo2005
Good Day

I Think the GBP/USD had a hard resistance @ 1.9575 ... if the can't pass it ... i think the cable will fall in NY Session

First Target 1.9530

Second Target 1.9501

third Target 1.9470

Thanks alot
Welcome to FF! Rule number 1, in order to maintain a good relationship with everyone here, I would like to suggest that you do not post a big font size with bold, that's really making some of the people here not feeling comfortable...
I am just here to talk nonsense =D
  • #5,994
  • Feb 14, 2007 3:16am Feb 14, 2007 3:16am
Quoting deboooo2005
Good Day

I Think the GBP/USD had a hard resistance @ 1.9575 ... if the can't pass it ... i think the cable will fall in NY Session

First Target 1.9530

Second Target 1.9501

third Target 1.9470

Thanks alot
Yes...I have the same opinion about your targets....
...and also I have the same suggestion than Zarul Sharin...
TheBe$t
  • #5,995
  • Feb 14, 2007 3:19am Feb 14, 2007 3:19am
Quoting Zarul Shahrin
Welcome to FF! Rule number 1, in order to maintain a good relationship with everyone here, I would like to suggest that you do not post a big font size with bold, that's really making some of the people here not feeling comfortable...
I actually appreciate big font with bold, i wish it were the norm as my eyesight has been getting worse from staring at these damn screens all day. I personally dont do it to not piss people off too, but it sure makes reading alot easier. Maybee I just need to upgrade screen size again.

Kind of funny how font and bold are interpreted, as if it were to mean , "READ ME READ ME".

Let the guy write as he pleases, we have better things to worry about than that. Well, at least for me its ok, i cant speak for everybody.
Man who scratches ass should not bite fingernails
  • #5,996
  • Feb 14, 2007 3:23am Feb 14, 2007 3:23am
Quoting Leugimp
I actually appreciate big font with bold, i wish it were the norm as my eyesight has been getting worse from staring at these damn screens all day. I personally dont do it to not piss people off too, but it sure makes reading alot easier. Maybee I just need to upgrade screen size again.

Kind of funny how font and bold are interpreted, as if it were to mean , "READ ME READ ME".

Let the guy write as he pleases, we have better things to worry about than that. Well, at least for me its ok, i cant speak for everybody.
...for this reason, you should be baned from this forum...just my 2 cents...
TheBe$t
  • #5,997
  • Feb 14, 2007 3:23am Feb 14, 2007 3:23am
Good Day

Sorry i wasn't mean it
  • #5,998
  • Feb 14, 2007 3:24am Feb 14, 2007 3:24am
Quoting Leugimp
Kind of funny how font and bold are interpreted, as if it were to mean , "READ ME READ ME".

Let the guy write as he pleases, we have better things to worry about than that. Well, at least for me its ok, i cant speak for everybody.
Maybe because I spent half of my life with computer / forum/ chatroom / bbs and more to realized how people really get annoyed with big CAPS etc... maybe it's normal for some people who got problem looking at small fonts, but really. I am not sure about this forum, but most of other big forums I have ever visited have this rule in their forum rules....I am not speaking for myself, but as I said, I am just giving a "SUGGESTION" since he is a new comer...
I am just here to talk nonsense =D
  • #5,999
  • Feb 14, 2007 3:25am Feb 14, 2007 3:25am
Quoting cesarnc
Recent behavior after bouncing this EMA:

- Jan 31, EMA = 9541. Next 4h candle closed at 9670 (131 pips). Topped 9733 on the following day

- Feb 5, EMA = 9550. Next 4h candle closed at 9609 (59 pips). Topped 9720 on the following day

- Feb 12, EMA = 9570 (no touched). Next 4h candle closed at 9436 (134 pips). Bottom at 9401 on the following day...

Another bounce at this EMA (if it is now playing resistance as heavily as it played support) may throw us down to 9260 area, for possible double bottom.

Touched the 4hr 250EMA and pulled back. Failing this resistance will set the tone for mid-9300 tomorrow.

Market is going to slow down and wait for Bernanke. His words will be the push above this resistance or the pull back to bear's days....

I'm out.
  • #6,000
  • Feb 14, 2007 3:25am Feb 14, 2007 3:25am
Quoting deboooo2005
Good Day

Sorry i wasn't mean it
..no problem, guy...just donīt repeat it...
TheBe$t
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