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Cable Update (GBPUSD)

  • #117,141
  • Feb 2, 2009 6:35pm Feb 2, 2009 6:35pm
hey guys..if Im posting too much let me know....dont want to step on other people's toes
  • #117,142
  • Feb 2, 2009 6:39pm Feb 2, 2009 6:39pm
Quoting joemiami
hey guys..if Im posting too much let me know....dont want to step on other people's toes
The purpose of forums is to post. Post away.
There's always money in the banana stand.
  • #117,143
  • Feb 2, 2009 6:39pm Feb 2, 2009 6:39pm
Quoting joemiami
hey guys..if Im posting too much let me know....dont want to step on other people's toes
you are doing great actually bro...we can share all of our opinions down here...its for our own good too...
money is for living
  • #117,144
  • Feb 2, 2009 6:40pm Feb 2, 2009 6:40pm
USDCAD hasn't done jack in a few. Expecting a south break. But you never know. Ooop, this is the GBP forum. Anyway, I like seeing the relationships between all major pairs.
There's always money in the banana stand.
  • #117,145
  • Feb 2, 2009 6:42pm Feb 2, 2009 6:42pm
4h chart looks too convincing to me, so I added more shorts @1.4230. This one however with a very tight sl @1.4255
  • #117,146
  • Feb 2, 2009 6:46pm Feb 2, 2009 6:46pm
so far the 5 min trend is holding.......

oops!......did I speak too soon?....lol
  • #117,147
  • Feb 2, 2009 6:49pm Feb 2, 2009 6:49pm
Quoting laromanell
4h chart looks too convincing to me, so I added more shorts @1.4230. This one however with a very tight sl @1.4255
Hmm. To me, I see a high close doji withhigher close after and a TL break north, indicating long on the 4H. Guess it depends on exactly how far you see cable going in either direction.
There's always money in the banana stand.
  • #117,148
  • Feb 2, 2009 6:54pm Feb 2, 2009 6:54pm
closed my long at 1.4230
  • #117,149
  • Feb 2, 2009 6:54pm Feb 2, 2009 6:54pm
it is so so slow...hmm..so far for it is still looking bearish..but..anything can happen...close at +5 pips only..will reenter soon...does this train has been rescheduled to go to the north pole?only time will tell...
money is for living
  • #117,150
  • Feb 2, 2009 6:58pm Feb 2, 2009 6:58pm
Got bored with the dullness of the GBP. Decided to long the AUD instead...with much better results.
  • #117,151
  • Feb 2, 2009 7:01pm Feb 2, 2009 7:01pm
Quoting primasoldi
Got bored with the dullness of the GBP. Decided to long the AUD instead...with much better results.
Just be careful looking for excitement. The need fr excitement equates to gambling. Not saying you are a gambler. Just saying, be careful, especially during the Asian session, which can easily be misleading.
There's always money in the banana stand.
  • #117,152
  • Feb 2, 2009 7:03pm Feb 2, 2009 7:03pm
Quoting primasoldi
Got bored with the dullness of the GBP. Decided to long the AUD instead...with much better results.
what are your references mate?it looks like bearish to me also...but...if you dont mind..can u share it with us also?
money is for living
  • #117,153
  • Feb 2, 2009 7:09pm Feb 2, 2009 7:09pm
Quoting LizardGizzard
Hmm. To me, I see a high close doji withhigher close after and a TL break north, indicating long on the 4H. Guess it depends on exactly how far you see cable going in either direction.
Maybe. As to me, 4h broke sl and 5&10 ma's crossed. I went short at that time and then that doji happenned with a nice long 4h confirmation. so I decided to stay sideways to see wether it was the beginning of upmove or it was just a retracement. the latter seems more likely to me after the last 4h close.
and of course cable can prove me wrong in a matter of minutes...
Attached Image (click to enlarge)
Click to Enlarge Name: 4hchart.gif Size: 22 KB
  • #117,154
  • Feb 2, 2009 7:11pm Feb 2, 2009 7:11pm
Quoting mangZX7L
what are your references mate?it looks like bearish to me also...but...if you dont mind..can u share it with us also?

Well, the cable is hitting multiple resistance features right now. I'm tracking the other majors as well, and they're indicating downward pressure on the dollar. I think we're in for a short rally the next few hours. There appears to be massive interest in the aussie, and i think that the cable (and perhaps the euro) might be a little delayed in responding (to what, in my opinion, is going to be a rally). In the immortal words of Woody Allen (i think), "I could be wrong, but I don't think so".

PS> how does one capture a picture of a trading screen, on MT4 perhaps?
  • #117,155
  • Feb 2, 2009 7:16pm Feb 2, 2009 7:16pm
Quoting joemiami
hey guys..if Im posting too much let me know....dont want to step on other people's toes

Keep Posting!!!!!!!! That's an ORDER!!!!!!!!!!!!
  • #117,156
  • Feb 2, 2009 7:21pm Feb 2, 2009 7:21pm
nice hit off 50 fib, goo dplace for stops
Attached Image (click to enlarge)
Click to Enlarge Name: 2feb09gbp50fib.png Size: 31 KB
Don't have an ego. Always question yourself and your ability.
  • #117,157
  • Feb 2, 2009 7:25pm Feb 2, 2009 7:25pm
maybe this isnt place ti post but aud was just mentioned

it hasn't done much of anything really here's a chart
Attached Image (click to enlarge)
Click to Enlarge Name: 2feb09aud.png Size: 24 KB
Don't have an ego. Always question yourself and your ability.
  • #117,158
  • Feb 2, 2009 7:28pm Feb 2, 2009 7:28pm
Direction long target 50% fib 1.4298 Would be nice to go there in a straight line but she's a bit choppy at the moment.
  • #117,159
  • Feb 2, 2009 7:33pm Feb 2, 2009 7:33pm
I missed the present uptrend

let see if when it ends if it'll trigger nice downward move back down to 23.60% fib level to 1.4150 on 15 min and 1 HR chart, or head lower
  • #117,160
  • Feb 2, 2009 7:36pm Feb 2, 2009 7:36pm
Just broke another 5M uptrend line. One more to go. Let's see what happens. My thoughts are the uptrend should continue, but a stop at 4190 would be prudent, just in case.
There's always money in the banana stand.
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