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Cable Update (GBPUSD)

  • #110,341
  • Edited 4:11pm Jan 8, 2009 3:58pm | Edited 4:11pm
Looking for downward move to 1.5053 or 1.4825 pivot area....you all ready??
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  • #110,342
  • Jan 8, 2009 4:10pm Jan 8, 2009 4:10pm
Quoting joemiami
Looking for downward move to 1.5053 pivot area....you all ready??
It could just as easily hit the lower trendline on the m15 and head right back up.
Hi, my name is Barry and you can keep your doctor...
  • #110,343
  • Jan 8, 2009 4:16pm Jan 8, 2009 4:16pm
Quoting cisco
It could just as easily hit the lower trendline on the m15 and head right back up.
A run up to 1.5299 pivot area? Its a possibility.....
  • #110,344
  • Jan 8, 2009 4:19pm Jan 8, 2009 4:19pm
Here's one for you then. I'll short her if she runs up to 5299, watching PA for sure and go long if she goes down to 5050.
Just digging in the trenches like everyone else!
  • #110,345
  • Jan 8, 2009 4:25pm Jan 8, 2009 4:25pm
Ascending triangle on 15 min chart......Hmmmmmm
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  • #110,346
  • Jan 8, 2009 4:31pm Jan 8, 2009 4:31pm
order SHORT at 15345 SL 40


Seem like it has reach a strong ceiling. What do you guys think?

Many happy pips returned ...
  • #110,347
  • Jan 8, 2009 4:32pm Jan 8, 2009 4:32pm
Quoting eohater
Here's one for you then. I'll short her if she runs up to 5299, watching PA for sure and go long if she goes down to 5050.
Hey buddy hope youre getting back your loan with interest.yeah youre right it does seem to be heading up.Lets see what the PPI numbers are tomorrow.
  • #110,348
  • Jan 8, 2009 4:36pm Jan 8, 2009 4:36pm
Quoting trader2160
Hey buddy hope youre getting back your loan with interest.yeah youre right it does seem to be heading up.Lets see what the PPI numbers are tomorrow.
What's up bro! I'm not worried about my loan. It's note is due by the end of the month. If you don't know already, I'm not a fundamental trader, so I'm not worried about news, just the charts.

I made good pippage today. I hope you did as well. I'm headed out for family time, but I'll be back on later tonight to see how things are hashing out in the Asian Session.

Trade well!
EO
Just digging in the trenches like everyone else!
  • #110,349
  • Jan 8, 2009 4:41pm Jan 8, 2009 4:41pm
Magic 8 Ball says - YES...going up
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  • #110,350
  • Jan 8, 2009 4:43pm Jan 8, 2009 4:43pm
my feeling is as long as were below this first trendline then looking for shorts on signal around the 5250 - 5300 level, 1.48xx being the target area.

A clean break above the trendline then looking for longs to 5700.

Good luck everyone most likely i will wait till london session opens tomorrow unless something special comes along
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  • #110,351
  • Jan 8, 2009 4:46pm Jan 8, 2009 4:46pm
Quoting joemiami
Magic 8 Ball says - YES...going up
how accurate is this indicator??
  • #110,352
  • Jan 8, 2009 4:48pm Jan 8, 2009 4:48pm
Quoting PipLand
how accurate is this indicator??
  • #110,353
  • Jan 8, 2009 4:50pm Jan 8, 2009 4:50pm
Quoting PipLand
my feeling is as long as were below this first trendline then looking for shorts on signal around the 5250 - 5300 level, 1.48xx being the target area.

A clean break above the trendline then looking for longs to 5700.

Good luck everyone most likely i will wait till london session opens tomorrow unless something special comes along
Nice.Catch you at the London open buddy.
  • #110,354
  • Jan 8, 2009 4:52pm Jan 8, 2009 4:52pm
Quoting trader2160
Hey buddy hope youre getting back your loan with interest.yeah youre right it does seem to be heading up.Lets see what the PPI numbers are tomorrow.

One thing I wish would occur is wide range movements in both directions...it makes for a great day of scalping. Lets hope it occurs tomorrow...

the gbp is cornered and must do one of three events.

Scenario One: Most likely from my perspective..given the time till major reports

  1. the barrier 5280 or 5350 is strong enough to force downward to 5050 area..
  2. Then Pivot to take it up to next fib level...
  3. Let is bump its head for a bit if it does not break through 54 or 56 level
  4. Take it down to retest 48 or lower levels.

Scenario Two: (Strong probability)

  1. It goes up...to 54 level..or 56
  2. take it down to test the trenches...48 or lower..it will not break lower level..no way...
  3. Take it back up.

Scenario Three: (not likely but possible) this means that usa is in ruins. dollar is toilet paper...

  1. It goes up and up and up...

  • #110,355
  • Jan 8, 2009 4:52pm Jan 8, 2009 4:52pm
Quoting joemiami
Magic 8 Ball says - YES...going up
As good as any these days.

Welcome to the forum.
  • #110,356
  • Jan 8, 2009 4:58pm Jan 8, 2009 4:58pm
here is the table, i'll be off tomorrow, i hope you all will get profit pips
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  • #110,357
  • Jan 8, 2009 5:12pm Jan 8, 2009 5:12pm
Quoting m0N5Ta
order SHORT at 15345 SL 40


Seem like it has reach a strong ceiling. What do you guys think?

I would be tempted to as we are sitting on near to a major trendline on the 1 hour chart. But i'm sitting out as we are not very volatile and tomorrow should light the way for the next move.
"The trend is your friend, until the end."
  • #110,358
  • Jan 8, 2009 5:22pm Jan 8, 2009 5:22pm
Scenario Three: (not likely but possible) this means that usa is in ruins. dollar is toilet paper...

  1. It goes up and up and up...

[/quote]

Ahhh I see you've seen my avatar then, im preemting this at some point this year

  • #110,359
  • Jan 8, 2009 5:27pm Jan 8, 2009 5:27pm
Wandering out of the triangle and lower....
  • #110,360
  • Jan 8, 2009 5:30pm Jan 8, 2009 5:30pm
After all these posts one thing is clear - anything is possible.
It could go up, down, sideways - we'll see, and then adjust our predictions according to the past.
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