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Cable Update (GBPUSD)

  • #87,501
  • Sep 12, 2008 1:45am Sep 12, 2008 1:45am
Yet another bailout-inspired rally... look out below if the Fed doesn't pour its own money into Lehman. This one should cool off well before Sunday night.
  • #87,502
  • Sep 12, 2008 2:00am Sep 12, 2008 2:00am
have a great day !
Jesus Christ is my only Lord !
  • #87,503
  • Sep 12, 2008 2:03am Sep 12, 2008 2:03am
clear up trend to me
bought g/u, u/j and g/j

good luck guys
PIPPED TO THE LINE
  • #87,504
  • Sep 12, 2008 2:09am Sep 12, 2008 2:09am
Quoting trickytrader
clear up trend to me
bought g/u, u/j and g/j

good luck guys
i would not say , trend !
just a retracement , maybe 50 or 61,8 on 4H
and will be nice setup for selling

but im not sure if it will drop today.
more porbability that it will happen after weekend
  • #87,505
  • Sep 12, 2008 2:14am Sep 12, 2008 2:14am
@7682
Jesus Christ is my only Lord !
  • #87,506
  • Sep 12, 2008 2:14am Sep 12, 2008 2:14am
clear intraday up trend then, ok?
anyway, good luck
PIPPED TO THE LINE
  • #87,507
  • Sep 12, 2008 2:23am Sep 12, 2008 2:23am
Quoting oleevier
i would not say , trend !
just a retracement , maybe 50 or 61,8 on 4H
and will be nice setup for selling

but im not sure if it will drop today.
more porbability that it will happen after weekend
Yes, I wait for at 1.7727 - 1.7747
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #87,508
  • Sep 12, 2008 2:37am Sep 12, 2008 2:37am
for the good start
Jesus Christ is my only Lord !
  • #87,509
  • Edited 2:43am Sep 12, 2008 2:42am | Edited 2:43am
that a megaphone is being build - 5min chart
Jesus Christ is my only Lord !
  • #87,510
  • Sep 12, 2008 2:43am Sep 12, 2008 2:43am
it can touch 50EMA on 4h
it would go up to 1,7720 at my chart
it can be good signal to sell , but it can go more up to 61,8% fibo which means more ~50pips up , so be carefull using SL
  • #87,511
  • Sep 12, 2008 2:44am Sep 12, 2008 2:44am
There it goes - so much for the "intraday trend".
  • #87,512
  • Sep 12, 2008 2:52am Sep 12, 2008 2:52am
whatever, i'm at breakeven point and still in my longs.
this is going up today and I can find NOTHING to change my view, nothing at all
PIPPED TO THE LINE
  • #87,513
  • Sep 12, 2008 2:58am Sep 12, 2008 2:58am
Quoting trickytrader
whatever, i'm at breakeven point and still in my longs.
this is going up today and I can find NOTHING to change my view, nothing at all

but the SL level
Jesus Christ is my only Lord !
  • #87,514
  • Sep 12, 2008 2:59am Sep 12, 2008 2:59am
Quoting trickytrader
whatever, i'm at breakeven point and still in my longs.
this is going up today and I can find NOTHING to change my view, nothing at all
Will check back with you in 12 hours.
  • #87,515
  • Sep 12, 2008 3:00am Sep 12, 2008 3:00am
Quoting Subdude
There it goes - so much for the "intraday trend".
  • #87,516
  • Sep 12, 2008 3:03am Sep 12, 2008 3:03am
Quoting Subdude
Will check back with you in 12 hours.
ok.
but I will stop in around 6 or 7 hours and log off for the weekend.
have a good day trading!
PIPPED TO THE LINE
  • #87,517
  • Sep 12, 2008 3:05am Sep 12, 2008 3:05am
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts
I see a giant potential double bottom. It will be confirmed by 7709 breaking. Support has been holding off and on over the past couple days and today finally we see solid evidence of resistance levels being broken (short term resistance was at 7605, 7575, and 7544). Support targets were all hit this morning too and additionally bears completed the double top this morning. Preference is to buy dips this morning as long as 7613 and 7595 hold. Additionally RSI has broken out of it's channel showing bear weakness. Just saying be careful with the shorts guys until you see bear camp showing up.
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"Wishful thinking dies hard." Igor T.
  • #87,518
  • Sep 12, 2008 3:07am Sep 12, 2008 3:07am
Quoting belekas
right
Jesus Christ is my only Lord !
  • #87,519
  • Sep 12, 2008 3:10am Sep 12, 2008 3:10am
@7679
Jesus Christ is my only Lord !
  • #87,520
  • Sep 12, 2008 3:16am Sep 12, 2008 3:16am
@-33pps
Jesus Christ is my only Lord !
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