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Cable Update (GBPUSD)

  • #100,601
  • Nov 24, 2008 8:09am Nov 24, 2008 8:09am
Quoting micho
the charts are telling me that we maybe go down to 1.5061 then up to 1.5134 for second target of the up trend

what is ur charts telling u
I will be catching a bus southwards at 5144. Waiting at the stop.
  • #100,602
  • Nov 24, 2008 8:09am Nov 24, 2008 8:09am
Quoting micho
the charts are telling me that we maybe go down to 1.5061 then up to 1.5134 for second target of the up trend

what is ur charts telling u
my charts are telling me that the gradient of the curve is steepening, so figure from that what you will.........
  • #100,603
  • Nov 24, 2008 8:13am Nov 24, 2008 8:13am
Quoting AmeriTrini
my charts are telling me that the gradient of the curve is steepening, so figure from that what you will.........
what do you mean?
When life gives you lemons, make lemonade
  • #100,604
  • Nov 24, 2008 8:14am Nov 24, 2008 8:14am
Quoting micho
what do you mean?

look at the charts, its happening as we speak.
  • #100,605
  • Nov 24, 2008 8:14am Nov 24, 2008 8:14am
Quoting Vourvoul
I will be catching a bus southwards at 5144. Waiting at the stop.
maybe good pips but i dont want to go short, no evidence yet unless i see the hourly bar with bearish signal pufft i dont think so cause rsi is still > 50 with the 4h
When life gives you lemons, make lemonade
  • #100,606
  • Nov 24, 2008 8:15am Nov 24, 2008 8:15am
Quoting AmeriTrini
look at the charts, its happening as we speak.
no lol no its not gonna go far just couple of targets and down again to the 4h ema
When life gives you lemons, make lemonade
  • #100,607
  • Nov 24, 2008 8:16am Nov 24, 2008 8:16am
Quoting micho
maybe good pips but i dont want to go short, no evidence yet unless i see the hourly bar with bearish signal pufft i dont think so cause rsi is still > 50 with the 4h

>50 on most timeframes...
  • #100,608
  • Nov 24, 2008 8:17am Nov 24, 2008 8:17am
Quoting micho
no lol no its not gonna go far just couple of targets and down again to the 4h ema
its targeting 5248
  • #100,609
  • Nov 24, 2008 8:18am Nov 24, 2008 8:18am
Quoting Vourvoul
>50 on most timeframes...
yeah but not the daily, daily still <50 ... i rely on 2 high time frames to spot the rsi, then on the third lower time frame to spot the trend, then on the 4th time frame to get candle entry between 38 and 79 fibonacci...
When life gives you lemons, make lemonade
  • #100,610
  • Nov 24, 2008 8:20am Nov 24, 2008 8:20am
Quoting AmeriTrini
its targeting 5248
dunno no clear trend on the hourly its all wicks so targets are for the trends of the 15M and 5M now... nearly done and overcooked
When life gives you lemons, make lemonade
  • #100,611
  • Nov 24, 2008 8:22am Nov 24, 2008 8:22am
very likely that 34 will hold cause there is also Fibonacci 79% of the last 4h down trend...
When life gives you lemons, make lemonade
  • #100,612
  • Nov 24, 2008 8:23am Nov 24, 2008 8:23am
I went long at 5090.....looking at TL in the 5180 area on the 1h and 4h

This may go up for a couple of days.
  • #100,613
  • Nov 24, 2008 8:25am Nov 24, 2008 8:25am
Quoting micho
yeah but not the daily, daily still <50 ... i rely on 2 high time frames to spot the rsi, then on the third lower time frame to spot the trend, then on the 4th time frame to get candle entry between 38 and 79 fibonacci...

I won't be taking the bus... not with so much ranging just below...
  • #100,614
  • Nov 24, 2008 8:26am Nov 24, 2008 8:26am
Quoting micho
very likely that 34 will hold cause there is also Fibonacci 79% of the last 4h down trend...

Im going to tell you again......."The gradient of the curve is steepening"
  • #100,615
  • Nov 24, 2008 8:27am Nov 24, 2008 8:27am
Quoting AmeriTrini
Im going to tell you again......."The gradient of the curve is steepening"
It gives her a better angle for a harder dive that way!
Just digging in the trenches like everyone else!
  • #100,616
  • Nov 24, 2008 8:28am Nov 24, 2008 8:28am
Quoting AmeriTrini
Im going to tell you again......."The gradient of the curve is steepening"
but it normally make retracement then up
When life gives you lemons, make lemonade
  • #100,617
  • Nov 24, 2008 8:29am Nov 24, 2008 8:29am
Quoting eohater
It gives her a better angle for a harder dive that way!

you short?
  • #100,618
  • Nov 24, 2008 8:30am Nov 24, 2008 8:30am
yeah
When life gives you lemons, make lemonade
  • #100,619
  • Nov 24, 2008 8:30am Nov 24, 2008 8:30am
I just closed all long positions at 1.5135. The charts are not telling me the run is over but we have ranged about 300 pips so far today and we might be running out of steam, or maybe it is just me running out of steam. My target was 1.5160 so not going to risk too much for an additional 25. Good long on the day. Now I will look to short if there is a sell off at the end of the day or go long again if we have a bounce somewhere around 50ma.

PT
Zone Breakout Method
  • #100,620
  • Nov 24, 2008 8:30am Nov 24, 2008 8:30am
Quoting AmeriTrini
you short?
I am! Turkey might get cooked on this move, but she's overbought to me at the moment.
Just digging in the trenches like everyone else!
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