Cable Update (GBPUSD) | Page 5669 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #113,361
  • Jan 20, 2009 6:45pm Jan 20, 2009 6:45pm
Quoting doughnut
Looks better on 30 min then 15 or 1 hr however if it holds we may get a good retracement i guess we will see
do you mean 3808 and 3840?
  • #113,362
  • Jan 20, 2009 6:52pm Jan 20, 2009 6:52pm
Quoting PipLand
do you mean 3808 and 3840?
3860 3844 ish
Trade less make more!
  • #113,363
  • Jan 20, 2009 6:54pm Jan 20, 2009 6:54pm
We are now above the Upper Down Trend Line on the 5M & 15M charts.

Time to see if it moves up or comes back below the Trend Line.
  • #113,364
  • Jan 20, 2009 6:55pm Jan 20, 2009 6:55pm
bulls may get this one tonite
Trade less make more!
  • #113,365
  • Jan 20, 2009 6:58pm Jan 20, 2009 6:58pm
Quoting doughnut
3860 3844 ish
right i see what your saying now its harder to see with my massive spike ive got sitting on my graph. Im not convinced its a double bottom though, a double bottom usually shows a hard bounce
  • #113,366
  • Jan 20, 2009 7:07pm Jan 20, 2009 7:07pm
Not necessarily up but probably a lot of ranging for a while - the decent was parabolic - something had to give ..
  • #113,367
  • Jan 20, 2009 7:14pm Jan 20, 2009 7:14pm
Quoting PipLand
right i see what your saying now its harder to see with my massive spike ive got sitting on my graph. Im not convinced its a double bottom though, a double bottom usually shows a hard bounce
Its hard to see on 5 min but on 30 min it almost looks like one but a little sideways we will see
Trade less make more!
  • #113,368
  • Jan 20, 2009 7:17pm Jan 20, 2009 7:17pm
I think the last swing high at 4050 on the 1h needs to be penetrated before a solid retracement is in play.
  • #113,369
  • Jan 20, 2009 7:19pm Jan 20, 2009 7:19pm
smooth trader on my chart its not quite reached that upper channel trend line, i am looking at different line i think.
  • #113,370
  • Jan 20, 2009 7:24pm Jan 20, 2009 7:24pm
Quoting fry2010
smooth trader on my chart its not quite reached that upper channel trend line, i am looking at different line i think.
Mine is on both the 5M & 15M chart from the high 14892 @ 615am GMT 1/19 and again @ 14330 @ 600am GMT 1/20 and finally 2 14042 @ 1745 GMT 1/20
  • #113,371
  • Jan 20, 2009 7:27pm Jan 20, 2009 7:27pm
Quoting SmoothTrader
Mine is on both the 5M & 15M chart from the high 14892 @ 615am GMT 1/19 and again @ 14330 @ 600am GMT 1/20 and finally 2 14042 @ 1745 GMT 1/20
its broken out of the current trend line, however at current price levels in 4 hours it will reach a more major down trend line, price might just flag until we get there
  • #113,372
  • Jan 20, 2009 7:28pm Jan 20, 2009 7:28pm
not saying your is wrong, neither are wrong just different things we see.
Here is mine
Attached Image (click to enlarge)
Click to Enlarge Name: fib8.gif Size: 30 KB
  • #113,373
  • Jan 20, 2009 7:32pm Jan 20, 2009 7:32pm
Quoting fry2010
not saying your is wrong, neither are wrong just different things we see.
Here is mine


Technically a trend line needs three touches minimum to be considered valid as a trend line. If you move your trend line to touch the three points I mentioned, our trend lines will match up.
  • #113,374
  • Jan 20, 2009 7:34pm Jan 20, 2009 7:34pm
yeah technically ur correct, but i draw mine differently.
either way i want price to go down.
  • #113,375
  • Jan 20, 2009 7:37pm Jan 20, 2009 7:37pm
Quoting fry2010
yeah technically ur correct, but i draw mine differently.

That works too. I like yours better because it has not been violated.

  • #113,376
  • Jan 20, 2009 7:41pm Jan 20, 2009 7:41pm
Lol, funny that i do too, not cause its correct but just cause it suits me, lol.
Seriosly tho i havnt just been moving the trendlines honest.
I noticed it when somone else posted it earlier today and stayed there since. i think it was infinity cant remember.
  • #113,377
  • Jan 20, 2009 7:42pm Jan 20, 2009 7:42pm
my trend lines
Attached Image (click to enlarge)
Click to Enlarge Name: trendlines.gif Size: 23 KB
  • #113,378
  • Jan 20, 2009 7:45pm Jan 20, 2009 7:45pm
Quoting PipLand
my trend lines

Interesting. Your lower trend line matches mine and I can see where the other two come from.

The market is asleep right now and we'll have to watch to see if it is time or price that challenges your other two trend lines.
  • #113,379
  • Jan 20, 2009 7:46pm Jan 20, 2009 7:46pm
yeah interesting, is that a fib fan?
It seems to be sleep walking thru my incorrect tl.
ok waking up. looks like it wants to hit that upper resistance level.
  • #113,380
  • Jan 20, 2009 7:51pm Jan 20, 2009 7:51pm
I think they want to take a shot at the 13900 level AGAIN!!!
346 traders viewing now, 2 are registered:
,
Olu