Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

#113,921
Jan 22, 2009 1:28am Jan 22, 2009 1:28am

TexasforEX
| Joined Oct 2007 | Status: Trader | 1,236 Posts

Quoting TexasforEX

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I see 1.3835 as the line in the sand. I see 1.4250 before the end of the week. I have plenty of analysis to back it up, not just blowing hot air fwiw...
not that it really matters as everyone is shorting this puppy (except me)

Ignored

tricky lil bugger made a new low at the 50% without truncating the 100% low. if 1.3815 goes now my analysis would be invalidated.

"Timing Is Everything. Really I Swear It Is"

#113,922
Jan 22, 2009 2:10am Jan 22, 2009 2:10am

nAVIN2007
Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts

.....

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#113,923
Jan 22, 2009 2:32am Jan 22, 2009 2:32am

alcando
| Joined Jul 2008 | Status: Pip Pincher | 758 Posts

Nice little potential reverse H&S forming there Nav...

Quoting nAVIN2007

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.....

Ignored

Ride the Bulls bearback!

#113,924
Jan 22, 2009 2:35am Jan 22, 2009 2:35am

nAVIN2007
Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts

Quoting alcando

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Nice little potential reverse H&S forming there Nav...

Ignored

yes..great observation

#113,925
Jan 22, 2009 2:42am Jan 22, 2009 2:42am

alcando
| Joined Jul 2008 | Status: Pip Pincher | 758 Posts

Could take a bit of ranging this morning at a low level but if equities continue to remain positive, the H&S setup may actually have a reason to play out... Considering most of the recent short positions were implemented by the European traders.

But considering the unemployment figures are due out this afternoon I don't expect a big move up just yet, if at all dependent on data.

Quoting nAVIN2007

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yes..great observation

Ignored

Ride the Bulls bearback!

#113,926
Jan 22, 2009 2:43am Jan 22, 2009 2:43am

Galation
| Joined Oct 2008 | Status: A witty saying proves nothing. | 1,178 Posts

Quoting nAVIN2007

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.....

Ignored

Wow, I haven't seen you on here in a while. It's nice to see a post from you again.

Probability Professor

#113,927
Jan 22, 2009 3:42am Jan 22, 2009 3:42am

Vourvoul
| Joined Nov 2008 | Status: Trader | 449 Posts

Two things I'm looking at: (15m TF)

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#113,928
Jan 22, 2009 4:44am Jan 22, 2009 4:44am

dashboard
| Joined Dec 2008 | Status: Trader | 201 Posts

Quoting Vourvoul

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Two things I'm looking at: (15m TF)

Ignored

15m already break down. is it sell ??
how about TP N SL ?? how about another TF like 1h - it is not closed break yet ??

#113,929
Jan 22, 2009 4:46am Jan 22, 2009 4:46am

DireXiv
| Joined Jan 2007 | Status: Holy Pips Batman! | 486 Posts

I saw that too.. m15 did break it... but I'm not taking shorts till h1 clears 40... the tails down on h1 are also defining is take off points.

Quoting Vourvoul

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Two things I'm looking at: (15m TF)

Ignored

DireXiv Make it happen, no one else is going to do it for you...

#113,930
Jan 22, 2009 4:51am Jan 22, 2009 4:51am

dashboard
| Joined Dec 2008 | Status: Trader | 201 Posts

Quoting DireXiv

Disliked

I saw that too.. m15 did break it... but I'm not taking shorts till h1 clears 40... the tails down on h1 are also defining is take off points.

Ignored

clears 40 ?? take of points??
sorry i don't understand what that mean ??

#113,931
Jan 22, 2009 4:56am Jan 22, 2009 4:56am

DireXiv
| Joined Jan 2007 | Status: Holy Pips Batman! | 486 Posts

There are varying levels of support in this area.. 3811 is the lowest tail... 3868 was the lowest close.. i'm flat... that's all I know reallly... nothing sticking out to me right now

Saw several fakeouts yesterday.. so be careful here.

Quoting dashboard

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clears 40 ?? take of points??
sorry i don't understand what that mean ??

Ignored

DireXiv Make it happen, no one else is going to do it for you...

#113,932
Jan 22, 2009 4:59am Jan 22, 2009 4:59am

SmoothTrader
Joined Oct 2008 | Status: Perpetual Student of the Charts | 947 Posts

Cable has made some nice range type moves since NY. Now it seems to be pausing at some support to see if it wants to range some more, bounce or drop.

Your guese is as good as mine.

#113,933
Jan 22, 2009 5:29am Jan 22, 2009 5:29am

ammal07
| Joined Aug 2007 | Status: Trader | 176 Posts

my cable is getting shorter...

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newbies yang minat nak belajar forex, sila ym saya, ym: ammal007

#113,934
Jan 22, 2009 5:33am Jan 22, 2009 5:33am

Komissar
| Joined Dec 2008 | Status: Trader | 784 Posts

Morning, folks.
Is it "W" forming on 4H?

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#113,935
Jan 22, 2009 5:34am Jan 22, 2009 5:34am

Vourvoul
| Joined Nov 2008 | Status: Trader | 449 Posts

Quoting Vourvoul

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Two things I'm looking at: (15m TF)

Ignored

Even though reluctant to take any short positions given yesterday's daily close the wedge broke and I sold on the retest at 1.3856. 50% profit taken at the 76.4 fib level at 1.3764. Remaining position at BE.

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#113,936
Jan 22, 2009 5:55am Jan 22, 2009 5:55am

dashboard
| Joined Dec 2008 | Status: Trader | 201 Posts

Quoting Vourvoul

Disliked

Even though reluctant to take any short positions given yesterday's daily close the wedge broke and I sold on the retest at 1.3856. 50% profit taken at the 76.4 fib level at 1.3764. Remaining position at BE.

Ignored

very big fibo... why the fibo like that's ??