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Cable Update (GBPUSD)

  • #112,501
  • Jan 19, 2009 5:41am Jan 19, 2009 5:41am
Quoting dunhill1907
what is this suppose then
Patience + Discipline - Greed = Success
  • #112,502
  • Jan 19, 2009 5:41am Jan 19, 2009 5:41am
anyone looking for longs bear in mind the falling wedge on the daily
Attached Image (click to enlarge)
Click to Enlarge Name: fall wedge.gif Size: 25 KB
  • #112,503
  • Jan 19, 2009 5:44am Jan 19, 2009 5:44am
Looking at these TLs for price action for possible long.
Attached Image (click to enlarge)
Click to Enlarge Name: TLs daily.JPG Size: 54 KB
  • #112,504
  • Jan 19, 2009 5:45am Jan 19, 2009 5:45am
Quoting Infinity
We are nearing the bottom of this downtrend channel...
I am looking at another trend but will keep my eye on your one as well


Attached Image (click to enlarge)
Click to Enlarge Name: Different trend.PNG Size: 100 KB
  • #112,505
  • Jan 19, 2009 5:45am Jan 19, 2009 5:45am
Quoting Professor4x
around 4540
I'm going to wait for the close of the 1 hour and bar afterwards to see where we're going next. But it looks like we're running out of steam.
"The trend is your friend, until the end."
  • #112,506
  • Jan 19, 2009 5:45am Jan 19, 2009 5:45am
Quoting Infinity
no follow thru and it's dead. Hard to swing trade in slow market
  • #112,507
  • Jan 19, 2009 5:47am Jan 19, 2009 5:47am
going to swing in gbp/jpy she always moves and is most volitle pair so best for swinging or short term trading.
  • #112,508
  • Jan 19, 2009 5:48am Jan 19, 2009 5:48am
Quoting Infinity
haha this is funny tho...
i was wondering could this b the reversal when PA hit the bottom of Trend channel?
  • #112,509
  • Jan 19, 2009 5:48am Jan 19, 2009 5:48am
Quoting Vourvoul
Looking at these TLs for price action for possible long.
nice clean chart
  • #112,510
  • Jan 19, 2009 5:50am Jan 19, 2009 5:50am
Maybe Gordon Brown has damaged our economy so much that no support is going to hold.
If it's too good to be true, it probably is.
  • #112,511
  • Jan 19, 2009 5:51am Jan 19, 2009 5:51am
Quoting gc_fx
its my first post on this forum

Sell GBP/USD market price (1.4680)
Add sell 1.4760

stop 1.4844

Target 1.4525

Good luck all
Target reached 1.4525

Welcome back GBP .. I will see you around !!!
  • #112,512
  • Jan 19, 2009 5:51am Jan 19, 2009 5:51am
Quoting Infinity

Got to love it!
Keep It Simple Stupid
  • #112,513
  • Jan 19, 2009 5:54am Jan 19, 2009 5:54am
Quoting gc_fx
Target reached 1.4525

Welcome back GBP .. I will see you around !!!
nice
  • #112,514
  • Jan 19, 2009 5:54am Jan 19, 2009 5:54am
will attempt long for stack again once the 8 hr stoc's show signs of turning. long g/y at 31.24 for swing
  • #112,515
  • Jan 19, 2009 5:55am Jan 19, 2009 5:55am
Quoting Chris_35
I am looking at another trend but will keep my eye on your one as well


Attachment
If we break 4470, we could head to the bottom of the wedge...
Patience + Discipline - Greed = Success
  • #112,516
  • Jan 19, 2009 5:55am Jan 19, 2009 5:55am
Quoting SimonK
Maybe Gordon Brown has damaged our economy so much that no support is going to hold.
I have that exact same feeling. I thought we would be alright with the former chancellor taking over, with his knowledge of the economy, etc but now i'm not convinced any more.
"The trend is your friend, until the end."
  • #112,517
  • Jan 19, 2009 5:55am Jan 19, 2009 5:55am
Quoting Professor4x
going to swing in gbp/jpy she always moves and is most volitle pair so best for swinging or short term trading.
theyre following each other closely dude.how will you swing trade G/J if you think G/U,is dead.
  • #112,518
  • Jan 19, 2009 5:57am Jan 19, 2009 5:57am
Quoting trader2160
theyre following each other closely dude.how will you swing trade G/J if you think G/U,is dead.
you have an excellent point. Nice contradiction Professor .
"The trend is your friend, until the end."
  • #112,519
  • Jan 19, 2009 5:58am Jan 19, 2009 5:58am
Quoting ForexRookie
I have that exact same feeling. I thought we would be alright with the former chancellor taking over, with his knowledge of the economy, etc but now i'm not convinced any more.
The former Chancellor needs to stand up and be counted as he managed to help get us into some of this crap
  • #112,520
  • Jan 19, 2009 5:59am Jan 19, 2009 5:59am
Quoting Professor4x
will attempt long for stack again once the 8 hr stoc's show signs of turning. long g/y at 31.24 for swing
bumped stop to entry targeting 132
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