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Cable Update (GBPUSD)

  • #100,541
  • Nov 24, 2008 8:24am Nov 24, 2008 8:24am
Quoting micho
maximum for this up move should be 1.56 then down poof
seems reasonable.....how long of a timeframe you think this should happen?
  • #100,542
  • Nov 24, 2008 8:25am Nov 24, 2008 8:25am
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
Attached Image (click to enlarge)
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  • #100,543
  • Nov 24, 2008 8:29am Nov 24, 2008 8:29am
America is open for business!

the next half hour is crucial!!!
  • #100,544
  • Nov 24, 2008 8:33am Nov 24, 2008 8:33am
Quoting AmeriTrini
seems reasonable.....how long of a time frame you think this should happen?
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 8:35am Nov 24, 2008 8:35am
Quoting micho
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

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 8:35am Nov 24, 2008 8:35am
closed short.let us bring this baby to 5090-5100
  • #100,547
  • Nov 24, 2008 8:39am Nov 24, 2008 8:39am
Quoting AmeriTrini
well, considering the volatility these days.........I wouldn't be surprised if 1.5600 came at the end of this week.
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 8:42am Nov 24, 2008 8:41am | Edited 8:42am
Quoting "expert"
closed short.let us bring this baby to 5090-5100
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 8:42am Nov 24, 2008 8:42am
Quoting micho
i hate when i see alot of wicks like today... its acting like usdjpy lots of wicks up and down
Obama speaks in a couple of hours, the market likes him.
  • #100,550
  • Nov 24, 2008 8:48am Nov 24, 2008 8:48am
Quoting micho
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
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 8:51am Nov 24, 2008 8:51am
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 8:56am Nov 24, 2008 8:56am
Quoting expert&quot;;2372399]16:00 USDhttp://www.forexfactory.com/images/m...mpact_high.gifExisting Home Sales<br /> [URL=&quot;http://www.forexfactory.com/?
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???
Maybe obama will said " Baby come to sleep".
GELORE
  • #100,553
  • Nov 24, 2008 8:59am Nov 24, 2008 8:59am
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
Attached Image (click to enlarge)
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Zone Breakout Method
  • #100,554
  • Nov 24, 2008 9:03am Nov 24, 2008 9:03am
I want to see that daily resistance broken 1 more time...........
  • #100,555
  • Nov 24, 2008 9:06am Nov 24, 2008 9:06am
Dont forget, pre-budget speech in 25 minutes!
If it's too good to be true, it probably is.
  • #100,556
  • Nov 24, 2008 9:15am Nov 24, 2008 9:15am
I am still long.Anyone else?

What is your bets for now
  • #100,557
  • Nov 24, 2008 9:17am Nov 24, 2008 9:17am
Quoting &quot;expert&quot;
I am still long.Anyone else?

What is your bets for now
I am, but from a deep price 4875. I'm watching the 15m for my clue to exit.
Just digging in the trenches like everyone else!
  • #100,558
  • Nov 24, 2008 9:18am Nov 24, 2008 9:18am
Quoting &quot;expert&quot;
I am still long.Anyone else?

What is your bets for now
I will be long soon but I just took a short at 5065..
Patience + Discipline - Greed = Success
  • #100,559
  • Nov 24, 2008 9:20am Nov 24, 2008 9:20am
Quoting &quot;expert&quot;
I am still long.Anyone else?

What is your bets for now
I am still long but from a 38.2 bounce earlier. I am not dumping it but not adding at this point either.
Zone Breakout Method
  • #100,560
  • Nov 24, 2008 9:21am Nov 24, 2008 9:21am
Quoting Infinity
I will be long soon but I just took a short at 5065..
I just closed it for 5 pips based on the euro movement..
Patience + Discipline - Greed = Success
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