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Daily Cable Analysis

  • #7,581
  • Mar 5, 2007 10:37am Mar 5, 2007 10:37am
Quoting positivepips
So your long? some see it going short to 188's do your charts show you long? I cant look at charts now cuz vista operationg system and I arent getting along quite yet, so your opinion is greatly appreciated
Hi
You can find it as a “strange” Picture!, but yes i feel it will go long from this levels!
BUT TAKE NOTE THIS IS JUST AN IDEIA, TRADE AT YOUR RESPONSABILITIE
Attached Image
OldSchool
  • #7,582
  • Mar 5, 2007 10:45am Mar 5, 2007 10:45am
thanks for your chart, I hope your right, cuz ive been long for a while now. It is having trouble at the 19260 area... so we will see should be interesting week for sure.
  • #7,583
  • Mar 5, 2007 11:06am Mar 5, 2007 11:06am
look like starwars
I Deeply Love My Virtual Life In Virtual World , RLC
  • #7,584
  • Mar 5, 2007 11:11am Mar 5, 2007 11:11am
Quoting notme32
look like starwars
OldSchool
  • #7,585
  • Mar 5, 2007 11:14am Mar 5, 2007 11:14am
Quoting notme32
look like starwars
Totally!!!
There's always money in the banana stand.
  • #7,586
  • Mar 5, 2007 11:22am Mar 5, 2007 11:22am
Quoting Jon Reed
There will always be a group looking for the cable to go down 300 pips and another group saying it will go up 300 pips, honestly, after reading these threads on GBP/USD for some time now, I can tell you that you should just trade using YOUR own judgement, there is some good analysis in this thread, but take the predictions only as a grain of sand.
this is a good advice.

i also agree there are some very interesting analysis on this thread.
BAM BAM BOOM! -bravado
  • #7,587
  • Mar 5, 2007 11:23am Mar 5, 2007 11:23am
Quoting Mtav
Hi
You can find it as a “strange” Picture!, but yes i feel it will go long from this levels!
BUT TAKE NOTE THIS IS JUST AN IDEIA, TRADE AT YOUR RESPONSABILITIE

Well i seen ur chart,it looks price below trend line as been crossed by large amount but it bounced back in this area & 1.9181 is acting as strong support line right now & also doji is formed on 1 hour chart at the bottom & hammer at top from where market is moving down & retraced 61.8% & right now market is oscillating b/w 50 % & 61.8 %...................This is my Veiw & offcourse U R the boss of ur self..............All the best
"Trade for sake of trading & not for winning or Lossing"
  • #7,588
  • Mar 5, 2007 11:29am Mar 5, 2007 11:29am
at this point now 9225 , i choose long, heavily.

but dont follow me, i trade my own money not yours.
I Deeply Love My Virtual Life In Virtual World , RLC
  • #7,589
  • Mar 5, 2007 11:29am Mar 5, 2007 11:29am
Quoting HonaForex
Well i seen ur chart,it looks price below trend line as been crossed by large amount but it bounced back in this area & 1.9181 is acting as strong support line right now & also doji is formed on 1 hour chart at the bottom & hammer at top from where market is moving down & retraced 61.8% & right now market is oscillating b/w 50 % & 61.8 %...................This is my Veiw & offcourse U R the boss of ur self..............All the best
Hi very nice post
Besides “starwars” stile , witch I completely agree what is important is in my opinion:
GBPUSD is trading in up channel since 10/2005, now is at one of its critical points, or maintain it or break it and start a down, I vote to maintain it!
OldSchool
  • #7,590
  • Mar 5, 2007 1:16pm Mar 5, 2007 1:16pm
Quoting notme32
look like starwars
Star Wars! Nothing but Star Wars!

So......... wonder if we could FINALLY see some notable retracement Tuesday?
Show me the PIPS!
  • #7,591
  • Mar 5, 2007 1:32pm Mar 5, 2007 1:32pm
Quoting tathlynq
Star Wars! Nothing but Star Wars!

So......... wonder if we could FINALLY see some notable retracement Tuesday?
If not, here comes 1.8800 to bite the longs in the axx.
  • #7,592
  • Mar 5, 2007 1:42pm Mar 5, 2007 1:42pm
i would think so, but i don't know what to say. i can only think of 9260 right now (IF that - not really notable, is it?), but i guess it depends on what that g-j monkey will do next.

Quoting tathlynq
So......... wonder if we could FINALLY see some notable retracement Tuesday?
don't forget about 1.9110 first. by the way, is anyone using fib levels from tunnel trading anymore?

Quoting SunTrader
If not, here comes 1.8800 to bite the longs in the axx.
Nihil Sine Deo.
  • #7,593
  • Mar 5, 2007 2:01pm Mar 5, 2007 2:01pm
Quoting Scrat

don't forget about 1.9110 first. by the way, is anyone using fib levels from tunnel trading anymore?
I don't know what 1.9110 references.

All I know is that on a daily chart next support is zone of 1.8834 (Nov'06 lows) - 1.8842 (161.8% projection of 1.9914 high to 1.9401 low swing projected down from 1.9672 High).

As to whether we retrace much tuesday - don't know.
  • #7,594
  • Mar 5, 2007 2:14pm Mar 5, 2007 2:14pm
that's why i asked if anyone is still using the fib levels from tunnel trading. on my h1 chart, i have the lower ema (169, i think) at 1.9489 right now (and going down). the price is between 233 (1.9256 - probably next retrace?) and 377 (1.9112) levels right now. if there's a break below 1.9112, the next fib would be at 1.8879 (610).
does it make any sense?

Quoting SunTrader
I don't know what 1.9110 references.

All I know is that on a daily chart next support is zone of 1.8834 (Nov'06 lows) - 1.8842 (161.8% projection of 1.9914 high to 1.9401 low swing projected down from 1.9672 High).

As to whether we retrace much tuesday - don't know.
Nihil Sine Deo.
  • #7,595
  • Mar 5, 2007 2:27pm Mar 5, 2007 2:27pm
Quoting Scrat
that's why i asked if anyone is still using the fib levels from tunnel trading. on my h1 chart, i have the lower ema (169, i think) at 1.9489 right now (and going down). the price is between 233 (1.9256 - probably next retrace?) and 377 (1.9112) levels right now. if there's a break below 1.9112, the next fib would be at 1.8879 (610).
does it make any sense?

Makes sense. I'll feel good about my SHORT once it breaks 1.9150 level. I'm just assuming it'll reverse since I got in late on a SHORT and it just been hugging the 1.9218 line.
Show me the PIPS!
  • #7,596
  • Mar 5, 2007 5:29pm Mar 5, 2007 5:29pm
it sounds silly i know, but i think whoever shorts this pair now should either use tiny SL or very , very large ones (if you can afford). Just to avoid getting hit by any surprise wave up (possibly forming a third, higher top and the tripple ng. divergence). If that happens it will be a dream short
  • #7,597
  • Mar 5, 2007 7:17pm Mar 5, 2007 7:17pm
Quoting Basilides
it sounds silly i know, but i think whoever shorts this pair now should either use tiny SL or very , very large ones (if you can afford). Just to avoid getting hit by any surprise wave up (possibly forming a third, higher top and the tripple ng. divergence). If that happens it will be a dream short
i agree, up now. look G/J , look U/J , is good indicator
I Deeply Love My Virtual Life In Virtual World , RLC
  • #7,598
  • Mar 5, 2007 8:35pm Mar 5, 2007 8:35pm
strong resistance on 1.9290-1.9300.will long if 1.9300 is break
  • #7,599
  • Mar 5, 2007 9:27pm Mar 5, 2007 9:27pm
Quoting Scrat
that's why i asked if anyone is still using the fib levels from tunnel trading. on my h1 chart, i have the lower ema (169, i think) at 1.9489 right now (and going down). the price is between 233 (1.9256 - probably next retrace?) and 377 (1.9112) levels right now. if there's a break below 1.9112, the next fib would be at 1.8879 (610).
does it make any sense?
If it makes sense to you - that is all that matters. I was just curious because again if you look at a daily chart support is lower. Except I hadn't seen earlier previous highs in 1.9150 area in Aug/Sept/Nov '06.

I don't personally care for any moving averages. There always moving.
  • #7,600
  • Mar 5, 2007 10:12pm Mar 5, 2007 10:12pm
Well, I think it doesn't matter if we short or long. Exit is where the money is.
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