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Cable Update (GBPUSD)

  • #109,781
  • Jan 7, 2009 10:50am Jan 7, 2009 10:50am
move up cable....
be patient, self-belief and discipline... stay focus...
  • #109,782
  • Jan 7, 2009 10:52am Jan 7, 2009 10:52am
fly baby
  • #109,783
  • Jan 7, 2009 10:53am Jan 7, 2009 10:53am
Quoting trader2160
Its always best to get the last laugh.
Close the long from 1.4832 @ 1.5260

now short from 1.5288
  • #109,784
  • Jan 7, 2009 10:53am Jan 7, 2009 10:53am
I think we are going to the top of this thing here...
Attached Image
Patience + Discipline - Greed = Success
  • #109,785
  • Jan 7, 2009 10:53am Jan 7, 2009 10:53am
Quoting janka3002
This is the right time to buy... i think so...
GU should drop for retracement. So i dont think it time to long now.
Also London is closing in 5 mins. Which led of Fail of volume in GU
  • #109,786
  • Jan 7, 2009 10:55am Jan 7, 2009 10:55am
Quoting Abuawad
Close the long from 1.4832 @ 1.5260

now short from 1.5288
Trading is 80% Emotional, 20% Technical
  • #109,787
  • Jan 7, 2009 10:58am Jan 7, 2009 10:58am
Quoting Abuawad
Close the long from 1.4832 @ 1.5260

now short from 1.5288
I can see high daily bid of only 1.5280. Which broker gave you that price?
  • #109,788
  • Jan 7, 2009 10:58am Jan 7, 2009 10:58am
Quoting Infinity
I think we are going to the top of this thing here...
I was looking at this TL as a target.
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  • #109,789
  • Jan 7, 2009 10:59am Jan 7, 2009 10:59am
Seems to me the BoE is mopping up pounds while they're dirt cheap.
  • #109,790
  • Jan 7, 2009 10:59am Jan 7, 2009 10:59am
Quoting Terminale
GU should drop for retracement. So i dont think it time to long now.
Also London is closing in 5 mins. Which led of Fail of volume in GU
How about EUR/GBP ?
She is lagging 150 pips behind
  • #109,791
  • Jan 7, 2009 11:02am Jan 7, 2009 11:02am
chart compressed and messy!

close above the daily trendline will be interesting, recent weeks formed wedge formation, usually bullish.. requires breakout confirmation of course
Attached Image
Trading is 80% Emotional, 20% Technical
  • #109,792
  • Jan 7, 2009 11:02am Jan 7, 2009 11:02am
Quoting trader2160
Seems to me the BoE is mopping up pounds while they're dirt cheap.
I doubt it very much. As FXlocal said earlier, it's more likely to be institutional position squaring ahead of tomorrow's decision, which triggered the short squeeze just seen, after key levels of resistance were taken out.
  • #109,793
  • Jan 7, 2009 11:02am Jan 7, 2009 11:02am
yea time to short
be patient, self-belief and discipline... stay focus...
  • #109,794
  • Jan 7, 2009 11:03am Jan 7, 2009 11:03am
Quoting Vourvoul
I was looking at this TL as a target.
On my chart... that line is almost at the same place as the top of the channel I posted... which also coincides with the daily 50ema too..
Patience + Discipline - Greed = Success
  • #109,795
  • Jan 7, 2009 11:05am Jan 7, 2009 11:05am
Quoting gammase1
I can see high daily bid of only 1.5280. Which broker gave you that price?
Sorry i mean 1.5258
  • #109,796
  • Jan 7, 2009 11:06am Jan 7, 2009 11:06am
Quoting Abuawad
Close the long from 1.4832 @ 1.5260

now short from 1.5288
Great work....
Patience + Discipline - Greed = Success
  • #109,797
  • Jan 7, 2009 11:08am Jan 7, 2009 11:08am
Quoting radit27
yea time to short
Ooo yeah ?
  • #109,798
  • Jan 7, 2009 11:11am Jan 7, 2009 11:11am
Quoting Infinity
On my chart... that line is almost at the same place as the top of the channel I posted... which also coincides with the daily 50ema too..
Excellent, the trap is set then!

Will be a nice shampoo formation if it plays out... perfect for tomorrow's "expected" move.
  • #109,799
  • Jan 7, 2009 11:12am Jan 7, 2009 11:12am
Quoting Infinity
Great work....
1.5288 stick in my mind as resistant
  • #109,800
  • Jan 7, 2009 11:13am Jan 7, 2009 11:13am
Quoting Abuawad
1.5288 stick in my mind as resistant
I was jealous of you having a semengly incompetent broker, one that gives off-market prices in your favour, that's all.

Am short myself from 1.5240. Nice analysis earlier btw!
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