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Cable Update (GBPUSD)

  • #88,361
  • Sep 17, 2008 4:27pm Sep 17, 2008 4:27pm
Quoting eohater
I want what your smokin!
Attached Image
Patience + Discipline - Greed = Success
  • #88,362
  • Sep 17, 2008 4:33pm Sep 17, 2008 4:33pm
Quoting Infinity
YES!
Just digging in the trenches like everyone else!
  • #88,363
  • Sep 17, 2008 6:07pm Sep 17, 2008 6:07pm
so retrace when?
  • #88,364
  • Sep 17, 2008 6:47pm Sep 17, 2008 6:47pm
Quoting eye4spot
so retrace when?
Uk Retail Sales will knock this baby back into place .
"The trend is your friend, until the end."
  • #88,365
  • Sep 17, 2008 7:13pm Sep 17, 2008 7:13pm
I appologise guys, I was wrong. I was not banking on our government to bail AIG out. Notice I spelled government with a small g.

Cant win them all.

Jim

Quoting hard1head1
Here is my TP guys. She will eventually end up here by weeks end, I believe.

Jim
  • #88,366
  • Sep 17, 2008 7:16pm Sep 17, 2008 7:16pm
We will se a move back up to 8241 before the night is over, though.


Jim
  • #88,367
  • Sep 17, 2008 7:36pm Sep 17, 2008 7:36pm
Yea, see, we can get it right most of the time...LOL

Quoting hard1head1
We will se a move back up to 8241 before the night is over, though.


Jim
  • #88,368
  • Sep 17, 2008 7:40pm Sep 17, 2008 7:40pm
Correct me if i'm wrong but i see in my charts these:

- 23.6 fibo of fall 2.11-1.74 around 1.8320
- Weekly R2 around 1.8315
- Daily R1 around 1.8324

so, ithink if those 10 pips are firmly crossed... we have a big up movement...

up to 1.8550
  • #88,369
  • Sep 17, 2008 7:47pm Sep 17, 2008 7:47pm
Yep, if we can break this daily UTL, its very possible.

Jim


Quoting cesarg
Correct me if i'm wrong but i see in my charts these:

- 23.6 fibo of fall 2.11-1.74 around 1.8320
- Weekly R2 around 1.8315
- Daily R1 around 1.8324

so, ithink if those 10 pips are firmly crossed... we have a big up movement...

up to 1.8550
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  • #88,370
  • Sep 17, 2008 7:48pm Sep 17, 2008 7:48pm
But right now, I am ripping off the E/J. This is by far the easiest pair to trade.

Jim
  • #88,371
  • Sep 17, 2008 9:48pm Sep 17, 2008 9:48pm
we should see 1.7775 by tommorow, im short at 1.8220
  • #88,372
  • Sep 17, 2008 9:52pm Sep 17, 2008 9:52pm
Why is That? Why should we see 1.7775 tomorrow?
  • #88,373
  • Sep 17, 2008 9:54pm Sep 17, 2008 9:54pm
Quoting DirkH143
Why is That? Why should we see 1.7775 tomorrow?
where in swing trading mode, also i caught the move up and down from sunday open till today, unless things change were still in that swing, up and down.
  • #88,374
  • Sep 17, 2008 9:58pm Sep 17, 2008 9:58pm
at the moment things don't look clear/100% like todays big move up, so be careful and take care.
  • #88,375
  • Sep 17, 2008 10:01pm Sep 17, 2008 10:01pm
When I check the 1hr chart it looks like an up but possible tending down in the near future. On the other hand, the 4hr chart looks up. My guess is that during the opening at the London session, it will go down and sharply back up.
  • #88,376
  • Sep 17, 2008 10:04pm Sep 17, 2008 10:04pm
Quoting DirkH143
When I check the 1hr chart it looks like an up but possible tending down in the near future. On the other hand, the 4hr chart looks up. My guess is that during the opening at the London session, it will go down and sharply back up.
up is looking a little strong but im holding my short from 1.8220 t/p 1.7775 , s/l 1.8320
  • #88,377
  • Sep 17, 2008 10:07pm Sep 17, 2008 10:07pm
I agree with you. The whole week this chart is swinging between 1.8000 and 1.7700. It is just logical that it has to come down again. Also the Retail sales data is coming out and I think that the data will not be very good. Also let's see what other info is coming out during the night.
  • #88,378
  • Sep 17, 2008 10:08pm Sep 17, 2008 10:08pm
Quoting Prettyboy
up is looking a little strong but im holding my short from 1.8220 t/p 1.7775 , s/l 1.8320
any signs of a strong uptrend like around 1.8220 i will be looking to get off the boat
  • #88,379
  • Sep 17, 2008 10:09pm Sep 17, 2008 10:09pm
It looks like it had it's moment already. So where is the downtrend? Signal awaiting.
  • #88,380
  • Sep 17, 2008 10:10pm Sep 17, 2008 10:10pm
Quoting DirkH143
I agree with you. The whole week this chart is swinging between 1.8000 and 1.7700. It is just logical that it has to come down again. Also the Retail sales data is coming out and I think that the data will not be very good. Also let's see what other info is coming out during the night.
gbp retail sales this week will have a major effect with all these country going thru hard times so expect a big move.
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