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Cable Update (GBPUSD)

  • #110,321
  • Jan 8, 2009 12:05pm Jan 8, 2009 12:05pm
Quoting Infinity
Thanks bro.... looking forward to it.....

I am currently flat but this weeks close is very crucial... If we close above the weekly 10ema, it would be the first time since July last year..

Today and tomorrow are very crucial... ======>
hey guys,

as promised video clip on ta from barclays capital talking about the falling wedge....

he babbles on about CRB index first then moves to cable
http://www.cnbc.com/id/15840232?video=989570650&play=1

happy trading,
Trading is 80% Emotional, 20% Technical
  • #110,322
  • Jan 8, 2009 12:06pm Jan 8, 2009 12:06pm
Quoting PipLand
for now im still holding on for 5070 but i may close it sooner. i will be looking for longs from 5070 though depending on price action, with targets of 5260
So, you not gonna wait till 5070? I am going to close soon too. Some positions will be negative.
  • #110,323
  • Jan 8, 2009 12:07pm Jan 8, 2009 12:07pm
Quoting blurrcow
Anyone going long ??
No long for me. Not at this price.
Thinking of adding my short.
  • #110,324
  • Jan 8, 2009 12:07pm Jan 8, 2009 12:07pm
Quoting Infinity
Thanks bro.... looking forward to it.....

I am currently flat but this weeks close is very crucial... If we close above the weekly 10ema, it would be the first time since July last year..

Today and tomorrow are very crucial... ======>
yes agree, will be interesting to see where it closes, that 10ema comes in around the 1.50 handle....
Trading is 80% Emotional, 20% Technical
  • #110,325
  • Jan 8, 2009 12:08pm Jan 8, 2009 12:08pm
Quoting PipLand
for now im still holding on for 5070 but i may close it sooner. i will be looking for longs from 5070 though depending on price action, with targets of 5260
im closed out now so gonna wait 5070 ish area for longs at the moment for me
  • #110,326
  • Jan 8, 2009 12:27pm Jan 8, 2009 12:27pm
Looks like we have been trending in a down channel. Would not look to be long here.
  • #110,327
  • Jan 8, 2009 12:32pm Jan 8, 2009 12:32pm
Quoting Infinity
Thanks bro.... looking forward to it.....

I am currently flat but this weeks close is very crucial... If we close above the weekly 10ema, it would be the first time since July last year..

Today and tomorrow are very crucial... ======>
What other MA's do you have on your weekly charts???

Thanks in advance

HOLLA
  • #110,328
  • Jan 8, 2009 1:18pm Jan 8, 2009 1:18pm
Quoting koorb
Looks like we have been trending in a down channel. Would not look to be long here.
yes you are correct, i reckon we will still make one more move up to at least 5280 before coming down again, just my opinion though
  • #110,329
  • Edited 1:24pm Jan 8, 2009 1:20pm | Edited 1:24pm
Quoting Turtle
What other MA's do you have on your weekly charts???

Thanks in advance

HOLLA
No problem bro!

I have the following on the weekly:
50 ema
5, 10, 200 and 365 sma
Patience + Discipline - Greed = Success
  • #110,330
  • Jan 8, 2009 1:24pm Jan 8, 2009 1:24pm
Quoting fx local
yes agree, will be interesting to see where it closes, that 10ema comes in around the 1.50 handle....
Thanks for the vid....

I'm seeing also a possible cross of the 5 and 10sma coming up on the weekly.. Last time they crossed was before this big drop....
Patience + Discipline - Greed = Success
  • #110,331
  • Jan 8, 2009 2:15pm Jan 8, 2009 2:15pm
I'm seeing a possible test of 1.55 before resuming the downtrend. The 1h chart shows a very healthy channel.
  • #110,332
  • Jan 8, 2009 2:28pm Jan 8, 2009 2:28pm
great thread by the way and analysis would i be right in

thinking that if cable did drop down to say 1.5 clearly breaking the channel we

are in right now it would more than likely take gbp chf with it

cheers
  • #110,333
  • Jan 8, 2009 2:32pm Jan 8, 2009 2:32pm
Quoting cohiba pips
great thread by the way and analysis would i be right in

thinking that if cable did drop down to say 1.5 clearly breaking the channel we

are in right now it would more than likely take gbp chf with it

cheers
/
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  • #110,334
  • Jan 8, 2009 2:39pm Jan 8, 2009 2:39pm
Quoting Infinity
No problem bro!

I have the following on the weekly:
50 ema
5, 10, 200 and 365 sma
Appreciate those numbers....

HOLLA
  • #110,335
  • Jan 8, 2009 2:56pm Jan 8, 2009 2:56pm
Quoting cohiba pips
/
Im hoping GBP/Chf drops as well, seems more carry trade with usd/yen though! I'm Stuck
  • #110,336
  • Jan 8, 2009 3:01pm Jan 8, 2009 3:01pm
For those who left shorts open, now might be a good time to evaluate the situation. She seems to be inching up.
Hi, my name is Barry and you can keep your doctor...
  • #110,337
  • Jan 8, 2009 3:26pm Jan 8, 2009 3:26pm
Quoting Atondra
No long for me. Not at this price.
Thinking of adding my short.

Hey Atondra...

You are looking at entering now..? Just curious..because I think the gbp may be out of steam..

its at a very high range...
with numbers given..are you seeing it climb more..to test 54+ ranges...
  • #110,338
  • Jan 8, 2009 3:29pm Jan 8, 2009 3:29pm
Definitely out of steam.

1 HR chart showing divergence to the DOWN SIDE on both MACD and STOCH

Race you all down the hill!!!
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  • #110,339
  • Jan 8, 2009 3:37pm Jan 8, 2009 3:37pm
Quoting joemiami
Definitely out of steam.

1 HR chart showing divergence to the DOWN SIDE on both MACD and STOCH

Race you all down the hill!!!
Now Joe..your not talking out of emotion are you...those two indicators are nice to bring up..but..also need supporting items..other then the 1 hr chart..we need to build...history with that approach..1 hr 4 hr, etc...
  • #110,340
  • Jan 8, 2009 3:42pm Jan 8, 2009 3:42pm
Quoting JammerJams
Now Joe..your not talking out of emotion are you...those two indicators are nice to bring up..but..also need supporting items..other then the 1 hr chart..we need to build...history with that approach..1 hr 4 hr, etc...

No emotions here. 4HR chart showing uptrend running out of steam as well.
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