Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

#100,541
Nov 24, 2008 6:24am Nov 24, 2008 6:24am

AmeriTrini
Joined Apr 2007 | Status: USF Statistics | 2,248 Posts

Quoting micho

Disliked

maximum for this up move should be 1.56 then down poof

Ignored

seems reasonable.....how long of a timeframe you think this should happen?

#100,542
Nov 24, 2008 6:25am Nov 24, 2008 6:25am

"expert"
| Commercial User | Joined May 2008 | 1,300 Posts

If this 1 hr candle close above 23 fib then acording to mine retrobreak system i am expecting retrace and then up again.will see.

My short is locked so let me just see when will close it.Maybe at 5024 or 5012.15 m gann is at 4980 so might come to test gann again. will see

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#100,543
Nov 24, 2008 6:29am Nov 24, 2008 6:29am

AmeriTrini
Joined Apr 2007 | Status: USF Statistics | 2,248 Posts

America is open for business!

the next half hour is crucial!!!

#100,544
Nov 24, 2008 6:33am Nov 24, 2008 6:33am

micho
Joined Mar 2008 | Status: Fooled by randomness | 8,362 Posts

Quoting AmeriTrini

Disliked

seems reasonable.....how long of a time frame you think this should happen?

Ignored

i dunno man but if she keeps going up and down like today it might take a whole month to go to 1.56...

what do you think about these next 2 weeks? lets share opinions

When life gives you lemons, make lemonade

#100,545
Nov 24, 2008 6:35am Nov 24, 2008 6:35am

AmeriTrini
Joined Apr 2007 | Status: USF Statistics | 2,248 Posts

Quoting micho

Disliked

i dunno man but if she keeps going up and down like today it might take a whole month to go to 1.56...

what do you think about these next 2 weeks? lets share opinions

Ignored

well, considering the volatility these days.........I wouldn't be surprised if 1.5600 came at the end of this week.

#100,546
Nov 24, 2008 6:35am Nov 24, 2008 6:35am

"expert"
| Commercial User | Joined May 2008 | 1,300 Posts

closed short.let us bring this baby to 5090-5100

#100,547
Nov 24, 2008 6:39am Nov 24, 2008 6:39am

micho
Joined Mar 2008 | Status: Fooled by randomness | 8,362 Posts

Quoting AmeriTrini

Disliked

well, considering the volatility these days.........I wouldn't be surprised if 1.5600 came at the end of this week.

Ignored

i hate when i see alot of wicks like today... its acting like usdjpy lots of wicks up and down

When life gives you lemons, make lemonade

#100,548
Edited 6:42am Nov 24, 2008 6:41am | Edited 6:42am

micho
Joined Mar 2008 | Status: Fooled by randomness | 8,362 Posts

Quoting "expert"

Disliked

closed short.let us bring this baby to 5090-5100

Ignored

aww too early no signals for longs yet just waiting for candle on 5minutes to see a signal

dont forget 1.5050 is a strong resistance

When life gives you lemons, make lemonade

#100,549
Nov 24, 2008 6:42am Nov 24, 2008 6:42am

AmeriTrini
Joined Apr 2007 | Status: USF Statistics | 2,248 Posts

Quoting micho

Disliked

i hate when i see alot of wicks like today... its acting like usdjpy lots of wicks up and down

Ignored

Obama speaks in a couple of hours, the market likes him.

#100,550
Nov 24, 2008 6:48am Nov 24, 2008 6:48am

"expert"
| Commercial User | Joined May 2008 | 1,300 Posts

Quoting micho

Disliked

aww too early no signals for longs yet just waiting for candle on 5minutes to see a signal

dont forget 1.5050 is a strong resistance

Ignored

I know that about 5050.5015 will try another long.last one for today before shorts.

Obama is speaking in 2 hours.Some think that his bailout plan will give more money.Will see.I think he is trying to fill gap betwean Bush going and his coming in Whitehouse and to prevent more falls untill his coming in whitehouse.

#100,551
Nov 24, 2008 6:51am Nov 24, 2008 6:51am

"expert"
| Commercial User | Joined May 2008 | 1,300 Posts

16:00 USDhttp://www.forexfactory.com/images/m...mpact_high.gifExisting Home Sales
http://www.forexfactory.com/images/m...dar_detail.gif
5.02M5.18M

In 10 minutes bad news maybe coming for USD.

What will be real number???

#100,552
Nov 24, 2008 6:56am Nov 24, 2008 6:56am

musani
| Joined Jun 2008 | Status: GELORE | 600 Posts

Quoting expert";2372399]16:00 USDhttp://www.forexfactory.com/images/m...mpact_high.gifExisting Home Sales<br /> [URL="http://www.forexfactory.com/?

Disliked

http://www.forexfactory.com/images/m...dar_detail.gif[/url]
5.02M5.18M

In 10 minutes bad news maybe coming for USD.

What will be real number???

Ignored

Maybe obama will said " Baby come to sleep".

GELORE

#100,553
Nov 24, 2008 6:59am Nov 24, 2008 6:59am

PowerTrader
| Joined Apr 2007 | Status: Trader | 438 Posts

I would keep my eye on the 4hr chart before jumping on a long position. If you are not already in a long at this time I would wait till some crucial resistance is broken. The trend lines which are not all that strong have been broken but because of the sideways movement. The fibs are much stronger in this case and although I have 3 sets on here the last dominant down move retrace level 23.6 is very strong resistance. We have managed to get one candle started above it since November 13th and it immediately turned. This could be the breakout but it is just as likely to turn here and test the previous lows again. If we do have a good retrace there is a possible long entry on a 38.2 bounce on the 15 min or 1hr charts.

PT

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