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Cable Update (GBPUSD)

  • #83,781
  • Aug 24, 2008 10:58am Aug 24, 2008 10:58am
Quoting BentRod
I have that trendline as already broken well and truly?

Something wrong with his data.
I agree, My charts show that trend line broken at around 9000
  • #83,782
  • Aug 24, 2008 11:23am Aug 24, 2008 11:23am
5 more hours... long or short u folks? discuss...
  • #83,783
  • Aug 24, 2008 11:41am Aug 24, 2008 11:41am
5 more hours... long or short u folks? discuss...
  • #83,784
  • Aug 24, 2008 11:54am Aug 24, 2008 11:54am
http://forex.typepad.com/photos/unca...822gbpusda.jpg
I think Up. Im still long.

I hope.
  • #83,785
  • Aug 24, 2008 11:57am Aug 24, 2008 11:57am
uh huh .. so this means?
  • #83,786
  • Aug 24, 2008 12:06pm Aug 24, 2008 12:06pm
The trendline is clearly broken, no matter how some site managed to skew the charts. However, I've been looking at dailyfx and the 2 top cable articles here: http://www.dailyfx.com/archive/charting_center
Can't say I like that much, but still I believe it'll fall some more first before a major retrace and in the coming week will rise a bit and then go down. Remains to be seen.. Let's see where oil and euro push it.
On the path to Enrichment.
  • #83,787
  • Aug 24, 2008 12:31pm Aug 24, 2008 12:31pm
You might be a Trader if...........................

You leave yur charts up over the Weekend just so you won't be lonely!
  • #83,788
  • Aug 24, 2008 12:58pm Aug 24, 2008 12:58pm
Quoting trading801
5 more hours... long or short u folks? discuss...
i will go long for 100 pips
  • #83,789
  • Aug 24, 2008 1:04pm Aug 24, 2008 1:04pm
Quoting Blue bottle
i will go long for 100 pips
100 pips?
wow !!!
  • #83,790
  • Aug 24, 2008 1:35pm Aug 24, 2008 1:35pm
2morow is a holiday for london.. will there be little movement usually?
  • #83,791
  • Aug 24, 2008 1:40pm Aug 24, 2008 1:40pm
Quoting Shilva
I agree, My charts show that trend line broken at around 9000
There are two lower trendlines on the higher timeframes as illustrated below...

The blue one was broken at 9000 but the red one is now holding so far... but keep an eye at the period between 1992 and 1993.....

Daily and weekly suggest we should go down more this week but 4h is starting to turn up ....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: monthgu.GIF Size: 18 KB
Click to Enlarge Name: 4hbid.GIF Size: 15 KB
Patience + Discipline - Greed = Success
  • #83,792
  • Aug 24, 2008 1:52pm Aug 24, 2008 1:52pm
22.08.2008
Fed Chairman Bernanke Speaks.

The heading Some:

The storm didn't finish.
The economy is becoming loose.
I am waiting for low inflation.

Note : "I speak english little"
  • #83,793
  • Aug 24, 2008 1:52pm Aug 24, 2008 1:52pm
Looking at 4hr, 12hr, and 24hr chart, I say short.
  • #83,794
  • Aug 24, 2008 1:54pm Aug 24, 2008 1:54pm
Quoting sf0d
Looking at 4hr, 12hr, and 24hr chart, I say short.
HI Traders,
I have started a journal to keep track of this pair. I don't use any indicators except fibs, S/R and a couple oscillators just for overbough/oversold. I would be glad to have some input if you would like to help. PM me and I will send it over.

Daniel
  • #83,795
  • Aug 24, 2008 1:55pm Aug 24, 2008 1:55pm
Quoting sf0d
Looking at 4hr, 12hr, and 24hr chart, I say short.
wait for market open.
lets see the gap! then we can know either long or short.
"Invest With The Insiders, Not The Masses" George Muzea
  • #83,796
  • Aug 24, 2008 2:00pm Aug 24, 2008 2:00pm
can u elaborate more on this ... how does the gap affects
  • #83,797
  • Aug 24, 2008 2:08pm Aug 24, 2008 2:08pm
Quoting trading801
can u elaborate more on this ... how does the gap affects
Sorry im not good in speaking english but i'll try to explain.

1. Gap happen usually if there is a move during banks holiday (saturday&sunday). Forex is 24 hrs market. Forex never sleep
2. Gap also might affect from our broker. This happen when our broker close the trading earlier. Some broker close thier trading at 4.30am(+8GMT) and some broker close at 5.00am(+8GMT). This is why sometimes we see the gap when market start open.
"Invest With The Insiders, Not The Masses" George Muzea
  • #83,798
  • Aug 24, 2008 2:15pm Aug 24, 2008 2:15pm
Quoting Qu|cksilver
Sorry im not good in speaking english but i'll try to explain.

1. Gap happen usually if there is a move during banks holiday (saturday&sunday). Forex is 24 hrs market. Forex never sleep
2. Gap also might affect from our broker. This happen when our broker close the trading earlier. Some broker close thier trading at 4.30am(+8GMT) and some broker close at 5.00am(+8GMT). This is why sometimes we see the gap when market start open.
ok thanks and how gaps helps you to decide long or short ?
  • #83,799
  • Aug 24, 2008 2:15pm Aug 24, 2008 2:15pm
Quoting Qu|cksilver
wait for market open.
lets see the gap! then we can know either long or short.
It seems there will be no gap.....

www.forex-markets.com/quotes.htm
Patience + Discipline - Greed = Success
  • #83,800
  • Aug 24, 2008 2:19pm Aug 24, 2008 2:19pm
Quoting trading801
ok thanks and how gaps helps you to decide long or short ?
From past experience, when market open below support then the trend will continue bearish. or if market open above support mean bullish.
"Invest With The Insiders, Not The Masses" George Muzea
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