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Cable Update (GBPUSD)

  • #88,561
  • Sep 18, 2008 9:33pm Sep 18, 2008 9:33pm
Quoting Optimum
I think now long


I have no idea what happen to cable for this few days.
Very hard to predict.

I will stay away from this market until next week.
"Invest With The Insiders, Not The Masses" George Muzea
  • #88,562
  • Sep 18, 2008 10:03pm Sep 18, 2008 10:03pm
Quoting Qu|cksilver


I have no idea what happen to cable for this few days.
Very hard to predict.

I will stay away from this market until next week.
me too, i got about -100 pips for the last 2 days, n still searching another valid entry.. makin me confuse
  • #88,563
  • Sep 18, 2008 10:41pm Sep 18, 2008 10:41pm
i hope Gu like this. Hi all fans cable. alo mfcbsxnnc your name so difficult, nice to see u in here
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  • #88,564
  • Sep 18, 2008 11:18pm Sep 18, 2008 11:18pm
according to me - if we look at daily
g/u will go down undertaking it's downtrend
1.7700 or lower next week
Jesus Christ is my only Lord !
  • #88,565
  • Sep 18, 2008 11:21pm Sep 18, 2008 11:21pm
@8080
Jesus Christ is my only Lord !
  • #88,566
  • Sep 18, 2008 11:25pm Sep 18, 2008 11:25pm
for the good start
Jesus Christ is my only Lord !
  • #88,567
  • Sep 18, 2008 11:27pm Sep 18, 2008 11:27pm
short at 1.8076
please DON'T copy my trades I am still learning
  • #88,568
  • Sep 18, 2008 11:29pm Sep 18, 2008 11:29pm
Quoting ezmystic
short at 1.8076
hope for good
Jesus Christ is my only Lord !
  • #88,569
  • Sep 18, 2008 11:32pm Sep 18, 2008 11:32pm
closed at 1.8052 to start the day.

Well done Hipcio we saw the same opportunity I think
please DON'T copy my trades I am still learning
  • #88,570
  • Sep 18, 2008 11:34pm Sep 18, 2008 11:34pm
Quoting ezmystic
closed at 1.8052 to start the day.

Well done Hipcio we saw the same opportunity I think
it was quite nice
Jesus Christ is my only Lord !
  • #88,571
  • Sep 18, 2008 11:38pm Sep 18, 2008 11:38pm
Quoting hard1head1
Pivot bars are by far and away the best way to trade the Daily chart. Below is a good example of a rare back to back set of Pivot Bars. Long directional Pivot bars occour when you have a bar with a high that is higher then the candle in front of it and in back of it and short directional bars are just the opposite. In the first bar the stoploss would have been set at 105 pips and would have netted 342 pips. We have an in process bar that will be traded at the start of trading on Sunday night, providing we dont see a higher close. We shall see how it goes. If anyone would like some more explanation or data on this please let me know.

Jim
thanks Jim, this is very helpful info to me as a relative newbie. Please keep posting your words of wisdom
please DON'T copy my trades I am still learning
  • #88,572
  • Sep 19, 2008 12:44am Sep 19, 2008 12:44am
Quoting sonicdeejay
We have yet so see..

New Lower High and Lower Low....in H4 TF....
before we can confirm continue of Down trend..
http://www.forexfactory.com/attachme...1&d=1221748962

Sonic

Hmm..


Sonic
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  • #88,573
  • Sep 19, 2008 1:32am Sep 19, 2008 1:32am
i just entered a long and got whooped again...this market moves so quick once enter 32 pips covered in a about a minute...
  • #88,574
  • Sep 19, 2008 1:38am Sep 19, 2008 1:38am
anyone going long now?
"Invest With The Insiders, Not The Masses" George Muzea
  • #88,575
  • Sep 19, 2008 1:41am Sep 19, 2008 1:41am
Quoting Qu|cksilver
anyone going long now?
Any reason why??

I stil hold my D1 Long... As for H1/H4 long...will wait to see t end of candle...

Sonic
  • #88,576
  • Sep 19, 2008 1:48am Sep 19, 2008 1:48am
Quoting Qu|cksilver
anyone going long now?
im also long, i believe by next week we would a long upward movement.
  • #88,577
  • Sep 19, 2008 1:55am Sep 19, 2008 1:55am
Short @ 1.7989 sl 1.8005 tp 1.7900 gee already 20+
  • #88,578
  • Sep 19, 2008 2:02am Sep 19, 2008 2:02am
This is the pattern that has been playing out on Daily chart today following the Doji close yesterday...hidden divergence at that 61.8% fib of the 8795-7447 down move.

Nav, what price did you go long at and why? what did you consider could potentially act as support and cause some buying sufficient to send the market up at that place?

7914seems to have supported, mni were touting 'strong bids' 7900/10, but I see very little else there in terms of potential support myself other than some minor previous swing hi's on the Hrly chart from Tues/Weds. That said at that level there existed regular bullish divergence in oscillators to 30min chart.
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ex member
  • #88,579
  • Sep 19, 2008 2:04am Sep 19, 2008 2:04am
Quoting sonicdeejay
Any reason why??

I stil hold my D1 Long... As for H1/H4 long...will wait to see t end of candle...

Sonic
Just asking
"Invest With The Insiders, Not The Masses" George Muzea
  • #88,580
  • Sep 19, 2008 2:13am Sep 19, 2008 2:13am
Notice how the pair hit the bottom of the rising wedge and is recovering. It will take a news release to shoot it down and break this wedge. By the way, the wedge looks better on the 4 Hr, but the Daily is more honest. The TP3 is now invalid since another day has passed.

Jim
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