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Cable Update (GBPUSD)

  • #111,321
  • Jan 13, 2009 11:23pm Jan 13, 2009 11:23pm
Quoting Abuawad
that's what i can tell right now.
ok i guess u'll join me short later then... good luck!
  • #111,322
  • Jan 13, 2009 11:30pm Jan 13, 2009 11:30pm
Quoting blurrcow
ok i guess u'll join me short later then... good luck!
who know
  • #111,323
  • Jan 13, 2009 11:34pm Jan 13, 2009 11:34pm
hi

i see long below 1.4673 is risky .... i 'll wait to london session if not broken ... so today will be sell from top .... target 1.4352
  • #111,324
  • Jan 13, 2009 11:35pm Jan 13, 2009 11:35pm
Morning Chaps,

There is a small business loans guarantee to be announced this morning and the markets may respond well to this so I am guessing that some traders may release a few postions and allow cable to rally a bit but I don't see enough positive sentiment to allow this to go too far before Cable gets her arse kicked again.

As cable responded very well to the Fibo levels and extensions on the up move last week, my charts are suggesting that she is stuck at minor fib of the major move now and she may be allowed to pop up to the fib confluences and extensions at 14680 or at best 14800 before making a further plunge.

I am flat for now and will wait to see what the sentiment is to the package to be released. I don't see us plunging from here so if it is not a rally, it might be a boring morning till the US data later.

It's all probabilities now tho so I will wait.
Ride the Bulls bearback!
  • #111,325
  • Jan 13, 2009 11:37pm Jan 13, 2009 11:37pm
i retract my analysis for looking for a long entry, sitting on the sidelines warming the bench.
Keep It Simple Stupid
  • #111,326
  • Jan 13, 2009 11:37pm Jan 13, 2009 11:37pm
so you've short already?
  • #111,327
  • Jan 13, 2009 11:51pm Jan 13, 2009 11:51pm
Quoting Abuawad
that's what i can tell right now.
morning all, Abuawed check your against trend targets T2 and T3 are in wrong order today swap em around mate
  • #111,328
  • Jan 14, 2009 12:00am Jan 14, 2009 12:00am
Quoting PipLand
morning all, Abuawed check your against trend targets T2 and T3 are in wrong order today swap em around mate
T2: 1.4706
T3: 1.4830
which one is before and which one is after we are talking about against trend (upper movement)
its correct.
  • #111,329
  • Jan 14, 2009 12:04am Jan 14, 2009 12:04am
Quoting Abuawad
T2: 1.4706
T3: 1.4830
which one is before and which one is after we are talking about against trend (upper movement)
its correct.
ahh i clicked on your daily analysis table in your signature but i just checked the date and its for yesterday the 13th, against trend t2 and t3 were mixed up but doesnt matter anyway now thought it was todays analysis., sorry.
  • #111,330
  • Jan 14, 2009 12:06am Jan 14, 2009 12:06am
Quoting PipLand
ahh i clicked on your daily analysis table in your signature but i just checked the date and its for yesterday the 13th, against trend t2 and t3 were mixed up but doesnt matter anyway now thought it was todays analysis., sorry.
good you reminder me to upload it. thanks
  • #111,331
  • Jan 14, 2009 12:08am Jan 14, 2009 12:08am
Quoting Abuawad
good you reminder me to upload it. thanks
It's updated now :nerd:
  • #111,332
  • Jan 14, 2009 12:08am Jan 14, 2009 12:08am
Quoting Abuawad
good you reminder me to upload it. thanks
great id love to read it
  • #111,333
  • Jan 14, 2009 12:12am Jan 14, 2009 12:12am
Quoting Abuawad
It's updated now :nerd:
thanks
  • #111,334
  • Jan 14, 2009 12:12am Jan 14, 2009 12:12am
Nizar, good to see you again. I hope things are going well and that you're enjoying a cool and pleasant Riyadh January.

Higher 4hr highs and higher 4hr lows.
It's the first time we've seen that since last week

Quoting Abuawad
T2: 1.4706
T3: 1.4830
which one is before and which one is after we are talking about against trend (upper movement)
its correct.
  • #111,335
  • Jan 14, 2009 12:14am Jan 14, 2009 12:14am
Since I have to go to work and leave all my charts and data streams I closed my long from 485 @ 630, minus a 13 pip loss due to a piss poor attempt to add to my position.

Not sure If decision to close was a great idea but I'm not going to be able to analyse a chart for 10/11 hours.

Where does everyone think this top will be? I had originally identified 780ish.
  • #111,336
  • Jan 14, 2009 12:16am Jan 14, 2009 12:16am
Quoting priceaction
Nizar, good to see you again. I hope things are going well and that you're enjoying a cool and pleasant Riyadh January.

Higher 4hr highs and higher 4hr lows.
It's the first time we've seen that since last week
yeah this is exciting for longs
  • #111,337
  • Jan 14, 2009 12:18am Jan 14, 2009 12:18am
Quoting 17121712
Since I have to go to work and leave all my charts and data streams I closed my long from 485 @ 630, minus a 13 pip loss due to a piss poor attempt to add to my position.

Not sure If decision to close was a great idea but I'm not going to be able to analyse a chart for 10/11 hours.

Where does everyone think this top will be? I had originally identified 780ish.
Im gonna go against everything and say were going to test upper trendline support at 51xx - 52xx, unlikely today but soon, just my opinion though
  • #111,338
  • Jan 14, 2009 12:21am Jan 14, 2009 12:21am
YUK I could have waited 10 minutes.
  • #111,339
  • Jan 14, 2009 12:21am Jan 14, 2009 12:21am
....hope is goin to break 4677,if not i'll keep my short!
  • #111,340
  • Jan 14, 2009 12:27am Jan 14, 2009 12:27am
we are at a crucial point now as we are testing the bottom of a previous trendline at 4700 area
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