Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

#108,301
Dec 19, 2008 9:02pm Dec 19, 2008 9:02pm

dashboard
| Joined Dec 2008 | Status: Trader | 201 Posts

see my target hit 1.488.....
see u next week

#108,302
Dec 20, 2008 8:34am Dec 20, 2008 8:34am

nedal26
| Joined Jun 2008 | Status: Trader | 363 Posts

daily /weekly

Attached Image(s) (click to enlarge)

Click to Enlarge

Name: gpb daily.gif
Size: 21 KB

Click to Enlarge

Name: gpb weekly.gif
Size: 15 KB

#108,303
Dec 20, 2008 3:49pm Dec 20, 2008 3:49pm

Shilva
| Joined Jul 2008 | Status: Trader | 1,010 Posts

I live for this pattern to develope on the 5m chart and trust it when i see it start to materalize. It is my only set-up that has remained consistant over the years!

Took a look at the weeklys....which i never do...and look what poped out at me.....My 3 to 5 level run pattern.

They look strangely similar!

Attached Image(s) (click to enlarge)

Click to Enlarge

Name: dec 15.JPG
Size: 164 KB

Click to Enlarge

Name: dec 20rh weekly.JPG
Size: 119 KB

#108,304
Dec 21, 2008 6:53am Dec 21, 2008 6:53am

jharteam
| Joined Jul 2007 | Status: Harmonics & Market Geometry | 784 Posts

Quoting Shilva

Disliked

I live for this pattern to develope on the 5m chart and trust it when i see it start to materalize. It is my only set-up that has remained consistant over the years!

Took a look at the weeklys....which i never do...and look what poped out at me.....My 3 to 5 level run pattern.

They look strangely similar!

Ignored

Thanks, Shilva...really nice charts. Totally agreed with your re-enter short and long level on the second chart. As of Friday's closing, price actions have punched through the pitchfork on the 30-min time frame and sat made a low of 1.4810 (the Median Line of the downward sloping pitchfork). Another 'crossroad' that needs to be observed closely comes Monday. Take care.

Have a good one
J.

Attached Image (click to enlarge)

Click to Enlarge

Name: GBP Median Lines 12192008 (iv).jpg
Size: 151 KB

~*~You are only one trade away from humility~*~

#108,305
Dec 21, 2008 9:30am Dec 21, 2008 9:30am

ForexRookie
| Joined Apr 2008 | Status: Trader | 409 Posts

Hey guys - for those of us still trading around the Holiday period.

Although we are approaching Christmas, there are still profit-making opportunities with GDP figures expected out on Tuesday.

As for Cable, I will be looking to re-enter Short in the market. There is very little in the way of positive fundamental news in the short week ahead.

"The trend is your friend, until the end."

#108,306
Dec 21, 2008 4:06pm Dec 21, 2008 4:06pm

Yohay
Joined Aug 2008 | Status: Trader | 2,429 Posts

Does anyone estimate how the Current Account figure will impact the beaten pound?

It's supposed to be a major figure, but with thin markets, it could also be ignored...

#108,307
Dec 21, 2008 7:20pm Dec 21, 2008 7:20pm