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Cable Update (GBPUSD)

  • #100,721
  • Nov 24, 2008 2:42pm Nov 24, 2008 2:42pm
dollar index sinking
Attached Image (click to enlarge)
Click to Enlarge Name: result.JPG Size: 98 KB
  • #100,722
  • Nov 24, 2008 2:53pm Nov 24, 2008 2:53pm
was that 3 strikes?
  • #100,723
  • Nov 24, 2008 3:14pm Nov 24, 2008 3:14pm
Quoting AmeriTrini
was that 3 strikes?
its looks like tough ass resistance to me..
  • #100,724
  • Nov 24, 2008 3:15pm Nov 24, 2008 3:15pm
Quoting AmeriTrini
was that 3 strikes?
Yes it is and where it wil go now?? Any idea??
GELORE
  • #100,725
  • Nov 24, 2008 3:16pm Nov 24, 2008 3:16pm
Quoting musani
Yes it is and where it wil go now?? Any idea??


See

http://www.forexfactory.com/showpost...stcount=100712
Just Trade It
  • #100,726
  • Nov 24, 2008 3:18pm Nov 24, 2008 3:18pm
Quoting AmeriTrini
was that 3 strikes?
Probably a foul ball....
Patience + Discipline - Greed = Success
  • #100,727
  • Nov 24, 2008 3:21pm Nov 24, 2008 3:21pm
Quoting Infinity
Probably a foul ball....

  • #100,728
  • Nov 24, 2008 3:21pm Nov 24, 2008 3:21pm
Quoting nAVIN2007
its looks like tough ass resistance to me..
taking long eh, don't worries it come soon.

  • #100,729
  • Nov 24, 2008 3:22pm Nov 24, 2008 3:22pm
Quoting Infinity
Probably a foul ball....
can u be long again
GELORE
  • #100,730
  • Nov 24, 2008 3:22pm Nov 24, 2008 3:22pm
Quoting Infinity
Probably a foul ball....

NICE!!!
  • #100,731
  • Nov 24, 2008 3:22pm Nov 24, 2008 3:22pm
tiger hunter where are we going brother....where are u seeing a likely bottom?
  • #100,732
  • Nov 24, 2008 3:23pm Nov 24, 2008 3:23pm
Quoting musani
can u be long again
I am and I will, again.
  • #100,733
  • Nov 24, 2008 3:26pm Nov 24, 2008 3:26pm
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts
Quoting nAVIN2007
dollar index sinking
USDX - Crazy daily divergence finally playing out. See what happens at the bottom of the RSI channel. Taken out the past 8 day lows today. Would like to see it close below 85.48. It was supposed to be going to 89.70, and IMO if it closes below 85.48 that's a lot of dollar weakness. My concern would be if US indices start tanking again, then the dollar should strengthen so I'm not sure if it's time for the dollar to collapse, even though we all know it should collapse. I mean why has the market rallied like it did Firday and today? Simply due to Obama - not sure? I know Citigroup bailout today helped push things up. I'm a little confused right now, think I'm going to wait a little bit to get a feel of where the markets are going.

S&P chart is also here, it's at an interesting area. See if it can break the LR channel and resistance fibs. Need to see convincing PA though.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nov 24 divergence.jpg Size: 155 KB
Click to Enlarge Name: nov 24 daily sp.jpg Size: 158 KB
"Wishful thinking dies hard." Igor T.
  • #100,734
  • Nov 24, 2008 3:29pm Nov 24, 2008 3:29pm
Quoting AmeriTrini
NICE!!!
I will be joining you on the long train shortly....
Quoting musani
can u be long again
What do you mean bro? I took long trades and short trades between last night and now. I aint hooked on any direction but my h4 needs to unwind imho.
Based on the daily chart, this thing definitely aint done rising, but I am not buying at this price. I will start buying at the h4 50ema..
Patience + Discipline - Greed = Success
  • #100,735
  • Nov 24, 2008 3:45pm Nov 24, 2008 3:45pm
Quoting Infinity
I will be joining you on the long train shortly....

What do you mean bro? I took long trades and short trades between last night and now. I aint hooked on any direction but my h4 needs to unwind imho.
Based on the daily chart, this thing definitely aint done rising, but I am not buying at this price. I will start buying at the h4 50ema..
I have to wait another 1h to comfirm my 30m chart, let see is green or red.
GELORE
  • #100,736
  • Nov 24, 2008 3:49pm Nov 24, 2008 3:49pm
Quoting FxChi
USDX - Crazy daily divergence finally playing out. See what happens at the bottom of the RSI channel. Taken out the past 8 day lows today. Would like to see it close below 85.48. It was supposed to be going to 89.70, and IMO if it closes below 85.48 that's a lot of dollar weakness. My concern would be if US indices start tanking again, then the dollar should strengthen so I'm not sure if it's time for the dollar to collapse, even though we all know it should collapse. I mean why has the market rallied like it did Firday and today? Simply due to...
interesting and insightfull analysis..i know nothing about fundies...i only know dollar index is becoming weak to cable could fly.....lol
  • #100,737
  • Nov 24, 2008 3:52pm Nov 24, 2008 3:52pm
Quoting musani
I have to wait another 1h to comfirm my 30m chart, let see is green or red.
say that again...
Patience + Discipline - Greed = Success
  • #100,738
  • Nov 24, 2008 4:04pm Nov 24, 2008 4:04pm
Hope all had a good week last week. Vegas was awesome. Trading this week for me will be little.


Make some pips baby lets go
  • #100,739
  • Nov 24, 2008 4:04pm Nov 24, 2008 4:04pm
h1 trendline now at 519x....
Is it ready to give way now...???
Attached Image
Patience + Discipline - Greed = Success
  • #100,740
  • Nov 24, 2008 4:05pm Nov 24, 2008 4:05pm
we have reached a interesting point....
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