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Cable Update (GBPUSD)

  • #115,941
  • Jan 28, 2009 7:46pm Jan 28, 2009 7:46pm
do you have double top on H4? (on my chart - GMT+1 - i have)
Attached Image
  • #115,942
  • Jan 28, 2009 8:11pm Jan 28, 2009 8:11pm
could those be pin bars on the m15 h1
  • #115,943
  • Jan 28, 2009 8:13pm Jan 28, 2009 8:13pm
Quoting fifo
do you have double top on H4? (on my chart - GMT+1 - i have)
NO - doesn't look anything like mine
My charts are on NY time, so we are one hour into the
new 4 hour candle - last three four hours have been bearish,
though last one looks to be loosing steam (aka P A )
new candle forming may be showing signs of reversal - early though

on the sidelines - already got my 100+ for the day

good luck all
Attached Image
  • #115,944
  • Jan 28, 2009 8:15pm Jan 28, 2009 8:15pm
Quoting eohater
I'm currently flat. I'll find a new position later. I'm wishing I left my shorts open from the way price is moving.

Glad you've gain some valuable information from us. Ask questions anytime.

Trade well!
EO

How was Jury Duty????
  • #115,945
  • Jan 28, 2009 8:31pm Jan 28, 2009 8:31pm
Oops... looks like a bunch of LONG SL's just got triggered.... Burn baby burn!
  • #115,946
  • Jan 28, 2009 9:03pm Jan 28, 2009 9:03pm
watch for yesterday's low at 1,4141

I am unsure it will break it

if so there's space to 1,4030 - 1,4050

in both cases I think GBP will go up again tomorrow and likely retest the recent high at 1,4377

so I am looking to close my short from 1,4313 today and maybe try a small reverse to the long side
  • #115,947
  • Jan 28, 2009 9:06pm Jan 28, 2009 9:06pm
Quoting fammira
watch for yesterday's low at 1,4141

I am unsure it will break it

if so there's space to 1,4030 - 1,4050

in both cases I think GBP will go up again tomorrow and likely retest the recent high at 1,4377
Food for tough...

Any reason why you think its going to retest high or only intuition?!
i know you got no crystal ball, and I red my horoscope today...

----------------------------

Price at 50 EMA on my 1h chart.
  • #115,948
  • Jan 28, 2009 9:12pm Jan 28, 2009 9:12pm
Quoting Inzider
Food for tough...

Any reason why you think its going to retest high or only intuition?!
i know you got no crystal ball, and I red my horoscope today...
wish I had a ball here but I am just trying to throw out an idea

I noticed the strenght of the pound in these last sessions, I am still short on EURGBP from 0,9477 and I believe the pound has still some space

The main GBPUSD trend is still down
Short term is bullish indeed and what started yesterday is a correction of this three days upward move, that I think will continue from late today to tomorrow for a new test of 1,4377

just my opinion on what I see anyway
  • #115,949
  • Jan 28, 2009 9:21pm Jan 28, 2009 9:21pm
Quoting eohater
Please feel free to ask us questions anytime, that is what we are here for. Either ask them here in the cable thread or on my thread. Either way, is fine.
  • #115,950
  • Jan 28, 2009 9:25pm Jan 28, 2009 9:25pm
Nice view over it, make sens 100%. Thx for sharing!

I have a pitchfork over 4h chart that start from october 2007, we are over the middle line.... at 1.4150.

So my view is also bullish for now till this line will be cross. Its just hard starting from daily then 4h , 1, 15 to make one ligic out of all that.

Anyway,back to chart
  • #115,951
  • Jan 28, 2009 9:29pm Jan 28, 2009 9:29pm
it will bullish till what level any chart?
  • #115,952
  • Jan 28, 2009 9:35pm Jan 28, 2009 9:35pm
Quoting fammira
watch for yesterday's low at 1,4141

I am unsure it will break it

if so there's space to 1,4030 - 1,4050

in both cases I think GBP will go up again tomorrow and likely retest the recent high at 1,4377

so I am looking to close my short from 1,4313 today and maybe try a small reverse to the long side
Same here 1.41 level is a good buying price w/ stop loss @ 1.3980 targeting 1.50/55 level 'til mid feb insider starting to decrease their short cable position right after the just concluded FOMC meeting!
  • #115,953
  • Jan 28, 2009 9:36pm Jan 28, 2009 9:36pm
Far from being best analysis here, i would say at least
1.4415 = 1.618 of last 4h move and 19/1/08 close daily candel or
1.4600 = 1.27 extension or last 1h move

food for tough....
  • #115,954
  • Jan 28, 2009 9:36pm Jan 28, 2009 9:36pm
anyone here go long?

1H LWMA flat from 5Hour ago.. it's make me confuse to follow Cable.

Attached Image (click to enlarge)
Click to Enlarge Name: flat.gif Size: 19 KB
  • #115,955
  • Jan 28, 2009 9:41pm Jan 28, 2009 9:41pm
Quoting biax
anyone here go long?

1H LWMA flat from 5Hour ago.. it's make me confuse to follow Cable.

Attachment
Yes I am only a breach below 1.3980 will change my view!
  • #115,956
  • Jan 28, 2009 9:45pm Jan 28, 2009 9:45pm
Quoting biax
anyone here go long?

1H LWMA flat from 5Hour ago.. it's make me confuse to follow Cable.

Attachment
not the best of time to be trading - wait for frank & the queen
save your bus fare for a better bus ride that is more scenic and
enjoyable
  • #115,957
  • Jan 28, 2009 9:47pm Jan 28, 2009 9:47pm
Quoting Kasparov
Yes I am only a breach below 1.3980 will change my view!
What do you think about London Session?


Quoting golatigo
not the best of time to be trading - wait for frank & the queen
save your bus fare for a better bus ride that is more scenic and
enjoyable
thank Brotha
  • #115,958
  • Jan 28, 2009 9:48pm Jan 28, 2009 9:48pm
Quoting Kasparov
Yes I am only a breach below 1.3980 will change my view!
Good at chess?? I love the e4 opening

--------------

1.4170 give good support for now... waiting for 15 min pitchfork to be broken....
Attached Image (click to enlarge)
Click to Enlarge Name: gbp pitch.jpg Size: 49 KB
  • #115,959
  • Jan 28, 2009 10:10pm Jan 28, 2009 10:10pm
Quoting Inzider
Good at chess?? I love the e4 opening

--------------

1.4170 give good support for now... waiting for 15 min pitchfork to be broken....

Damn, why don't we have chess game on this forum, time would go by much faster while waiting for the right bus...

here are my 2cents, if this 4h candle closes below 1.4130, i think cable will go deep south.
Attached Image (click to enlarge)
Click to Enlarge Name: 4hh.gif Size: 23 KB
  • #115,960
  • Jan 28, 2009 10:36pm Jan 28, 2009 10:36pm
Can anyone confirm that we are about to test S1 ?
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