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Cable Update (GBPUSD)

  • #110,361
  • Jan 8, 2009 5:32pm Jan 8, 2009 5:32pm
Quoting PipLand
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...

Ahhh I see you've seen my avatar then, im preemting this at some point this year [/quote]
Very Clairvoyant my man.


Your last avatar was brilliant too,though it always reminded me of MBtrading.
  • #110,362
  • Jan 8, 2009 5:33pm Jan 8, 2009 5:33pm
Quoting Komissar
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.
On one hand - the US economy is seriously damaged - it owes the world trillions of dollars.
On the other hand - the optimism that Obama brings could get them quickly out of recession.
Tough.
  • #110,363
  • Jan 8, 2009 5:38pm Jan 8, 2009 5:38pm
Quoting PipLand
how accurate is this indicator??
ca. 50%
  • #110,364
  • Jan 8, 2009 5:41pm Jan 8, 2009 5:41pm
Take a look.............. :nerd:
Attached Image (click to enlarge)
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  • #110,365
  • Jan 8, 2009 5:43pm Jan 8, 2009 5:43pm
Quoting trader2160
Ahhh I see you've seen my avatar then, im preemting this at some point this year
Very Clairvoyant my man.


Your last avatar was brilliant too,though it always reminded me of MBtrading.[/quote]

Cheers, cool i like mbtrading anyway but got bored with the avatar, too depressing needed something at least a little funny.
Im off to watch a film, makes a break from the charts, then bed so catch you all tomorrow happy pipping.
  • #110,366
  • Jan 8, 2009 5:44pm Jan 8, 2009 5:44pm
Quoting AmeriTrini
Take a look.............. :nerd:
The good old H&S.But it hasnt formed yet.
  • #110,367
  • Jan 8, 2009 5:45pm Jan 8, 2009 5:45pm
Quoting AmeriTrini
Take a look.............. :nerd:
looks like a big Egg with a graph in it

But seriously i was considering the H&S but its MASSIVE!!
  • #110,368
  • Jan 8, 2009 5:46pm Jan 8, 2009 5:46pm
Quoting AmeriTrini
Take a look.............. :nerd:
It looks like Head and Shoulder building up.
  • #110,369
  • Jan 8, 2009 5:49pm Jan 8, 2009 5:49pm
Quoting PipLand
looks like a big Egg with a graph in it

But seriously i was considering the H&S but its MASSIVE!!
  • #110,370
  • Jan 8, 2009 5:51pm Jan 8, 2009 5:51pm
what does a pentagon shape mean? anything?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd15mfib.gif Size: 37 KB
  • #110,371
  • Jan 8, 2009 5:52pm Jan 8, 2009 5:52pm
Quoting fry2010
what does a pentagon shape mean? anything?
Nice cut today merv
  • #110,372
  • Jan 8, 2009 5:54pm Jan 8, 2009 5:54pm
I hope the right shoulder will form soon - promiss good pippage!
  • #110,373
  • Jan 8, 2009 6:03pm Jan 8, 2009 6:03pm
Quoting trader2160
Nice cut today merv
lol why thank u kind sir. I just plucked it from thin air.
  • #110,374
  • Jan 8, 2009 6:10pm Jan 8, 2009 6:10pm
Quoting Komissar
I hope the right shoulder will form soon - promiss good pippage!
H1 or H4 ?
  • #110,375
  • Jan 8, 2009 6:11pm Jan 8, 2009 6:11pm
Quoting Komissar
I hope the right shoulder will form soon - promiss good pippage!
If it turns out to be an H&S,its a nice distance from the neckline to the head.
  • #110,376
  • Jan 8, 2009 6:41pm Jan 8, 2009 6:41pm
So, I happen to have a moment this evening to look at the charts. From a previous post, I threw the 50 ema on the m15 and started looking back at e/u and g/u... looks d*mn good.... I had it on the h1 and h4.. but neglected to put it on m15...

Thanks for the suggestion!... learn something new each day. See if anything comes about during asian.
DireXiv Make it happen, no one else is going to do it for you...
  • #110,377
  • Jan 8, 2009 7:18pm Jan 8, 2009 7:18pm
Quoting ForexRookie
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.
Hopefully she would reach it tomorrow but people say it is risky to trade on Friday. Now just sleep and wait

Many happy pips returned ...
  • #110,378
  • Jan 8, 2009 7:21pm Jan 8, 2009 7:21pm
Quoting AmeriTrini
Take a look.............. :nerd:
What I see is ranging and H&S form, will see it more clearly tomorrow ...
Many happy pips returned ...
  • #110,379
  • Jan 8, 2009 7:29pm Jan 8, 2009 7:29pm
Quoting m0N5Ta
Hopefully she would reach it tomorrow but people say it is risky to trade on Friday. Now just sleep and wait

I think that is the safest thing to do. At the moment we trading around the Daily Pivot Point and sitting on support area - 1.5185.
"The trend is your friend, until the end."
  • #110,380
  • Jan 8, 2009 10:00pm Jan 8, 2009 10:00pm
Here's something to ponder for those who like to take 1h trades. The red ma is 50, the blue is my 62 and the orange is my 10. You can see the pattern on she responds to the ma's.

Trade well!
EO
Attached Image (click to enlarge)
Click to Enlarge Name: chart.JPG Size: 84 KB
Just digging in the trenches like everyone else!
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