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Cable Update (GBPUSD)

  • #117,261
  • Feb 3, 2009 5:05am Feb 3, 2009 5:05am
bon jovi

looking at the daily's, the downtrend looks to be still in place

Sat here in my English hotel room in a sea of snow - all the home town high steets are full of closed down businesses and 'to let' signs

Off to do some retail therapy but England doesnt look too perky to me at the moment so I dont know where any upturn would come from

80% of the jobs are debt collectors

i am going short based on the daily chart
  • #117,262
  • Feb 3, 2009 5:14am Feb 3, 2009 5:14am
Quoting Abuawad
Let's see where is this format is going....
Good Blog you got.
Keep it running.
  • #117,263
  • Feb 3, 2009 5:20am Feb 3, 2009 5:20am
Is this ever going to make a decision on a direction either way in todays sessions ??
  • #117,264
  • Feb 3, 2009 5:48am Feb 3, 2009 5:48am
Quoting pipmyride
Is this ever going to make a decision on a direction either way in todays sessions ??
There is no momentum to push it.
Keep
  • #117,265
  • Feb 3, 2009 6:02am Feb 3, 2009 6:02am
Quoting macK
got one short order in, but will scalp for a while... 5min will turn, 15 mixed, 30m unsure, and 60 as confused as me...

don't ya just love them stoches
i also don't know how 2 do with this market....today only 46 pips i got....still wait n see 2 long r short...lower tf also saw
h&s but opposite with 4h
  • #117,266
  • Feb 3, 2009 6:03am Feb 3, 2009 6:03am
.....me think
Attached Image (click to enlarge)
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  • #117,267
  • Feb 3, 2009 6:04am Feb 3, 2009 6:04am
why the price is up right now?? suppose be down i think
hmmm... anyone know why?
  • #117,268
  • Feb 3, 2009 6:11am Feb 3, 2009 6:11am
Quoting dashboard
why the price is up right now?? suppose be down i think
hmmm... anyone know why?
because I wanted to short from 4250?....
  • #117,269
  • Feb 3, 2009 6:27am Feb 3, 2009 6:27am
Quoting at2au
Good Blog you got.
Keep it running.
Thanks
  • #117,270
  • Feb 3, 2009 6:28am Feb 3, 2009 6:28am
Quoting pipmyride
Is this ever going to make a decision on a direction either way in todays sessions ??
... me think it is also because of the eurgbp .... no momentum there as well.
  • #117,271
  • Feb 3, 2009 6:29am Feb 3, 2009 6:29am
Quoting Abuawad
Thanks
Check your G- email .
  • #117,272
  • Feb 3, 2009 6:32am Feb 3, 2009 6:32am
Hey guys hows it going,

I havent even traded yet this week! I missed my entry yesterday near 1.4048 and today cable is more confused as ever.

Im trying to decide if this is a H&S on the 4hr? Reckon we would need to go upto 1.435x - 1.4415 to validate that though.

Also trying to decide if this is a valid wedge, reckon it needs some more touches as well to validate.

So Im stuck on the sidelines until I have better confirmation of direction as when this moves its gonna go sharpish.

There could also be a H&S developing on EU at the moment.

EG is floating about with no direction as far as I can tell
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  • #117,273
  • Feb 3, 2009 6:34am Feb 3, 2009 6:34am
Quoting dashboard
why the price is up right now?? suppose be down i think
hmmm... anyone know why?
becoz that name....forex....once u think 2 short it up....look ur chrt not ur heart
  • #117,274
  • Feb 3, 2009 6:35am Feb 3, 2009 6:35am
  •  Trader#0EAB
  • | Status: Unregistered Trader
Quoting mozan72
i also don't know how 2 do with this market....today only 46 pips i got....still wait n see 2 long r short...lower tf also saw
h&s but opposite with 4h
I use stoches heavy in this kind of traffic. i got some good numbers this morning because of them, and now will sit out and wait for news... unless i see a good scalp

hang in there... it will all work out.
  • #117,275
  • Feb 3, 2009 6:37am Feb 3, 2009 6:37am
  •  Trader#0EAB
  • | Status: Unregistered Trader
Quoting nAVIN2007
.....me think
i try not to think... hurts too much.
looking at 4hr and daily, if it breaks and holds below 4151, then it may be a downer for the day....

however... will watch u thinkin' for a while
  • #117,276
  • Feb 3, 2009 6:40am Feb 3, 2009 6:40am
Quoting macK
I use stoches heavy in this kind of traffic. i got some good numbers this morning because of them, and now will sit out and wait for news... unless i see a good scalp

hang in there... it will all work out.
i also wait 4 scalp
  • #117,277
  • Feb 3, 2009 6:40am Feb 3, 2009 6:40am
Quoting popisdead
im out -20pips


pop
damn..
its going up again..

already re-enter at 14235..
now +30..

im very bullish on this..

anyhow..locked my SL at BE+20

pop
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  • #117,278
  • Feb 3, 2009 6:43am Feb 3, 2009 6:43am
Quoting macK
i try not to think... hurts too much.
looking at 4hr and daily, if it breaks and holds below 4151, then it may be a downer for the day....

however... will watch u thinkin' for a while
i think we gonna finish on a higher close than the open of sunday
  • #117,279
  • Feb 3, 2009 6:51am Feb 3, 2009 6:51am
I am short already from 1.4265 and will add short if it will go higher,cheers
  • #117,280
  • Feb 3, 2009 6:53am Feb 3, 2009 6:53am
hi guys!!!
it going up or down today?!
what do you think!?
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