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Cable Update (GBPUSD)

  • #117,621
  • Feb 3, 2009 8:19pm Feb 3, 2009 8:19pm
eur/usd has rebounded right now... will that trend continue!?
  • #117,622
  • Feb 3, 2009 8:20pm Feb 3, 2009 8:20pm
eur/usd has rebounded right now... will that trend continue!
  • #117,623
  • Feb 3, 2009 8:23pm Feb 3, 2009 8:23pm
Quoting joemiami
Long as of 4372....lets see how far she wants to go
put a stop in with some profit..
  • #117,624
  • Feb 3, 2009 8:25pm Feb 3, 2009 8:25pm
Consistent rise above 1.4420 and I will close but for now I still see down down down
  • #117,625
  • Feb 3, 2009 8:30pm Feb 3, 2009 8:30pm
Quoting jack.canadia
Consistent rise above 1.4420 and I will close but for now I still see down down down
Im waiting for that short opportunity too...before asian session ends?
  • #117,626
  • Feb 3, 2009 8:31pm Feb 3, 2009 8:31pm
Quoting joemiami
Im waiting for that short opportunity too...before asian session ends?
We may have just missed our shot just shy of 1.4420, but anything is still possible
  • #117,627
  • Feb 3, 2009 9:01pm Feb 3, 2009 9:01pm
Looks like a small 5 minute flag is forming... the 1.4420/35 area looks prime to short with a stop at 1.4450
  • #117,628
  • Feb 3, 2009 9:03pm Feb 3, 2009 9:03pm
if the last 1h candle had closed below 1.4370 I would've closed my long and went short. however, for now i'm still convinced of the upper move.
  • #117,629
  • Feb 3, 2009 9:04pm Feb 3, 2009 9:04pm
Quoting Shilva
3 to 5 level pattern...Momentum Trade

Prime time NY session only
5m chart only
Price action and the 10ema only (forget all the other indicators and focus on the pattern developing)

Long Trade - When price breaks out from channel

Expect 3 or 5 resistance areas to be broken and enter in the direction of the move on the pull backs or bounces off these areas.

Allow at least 2 down candles to form on the bounce down to the 10ema and enter long expecting the next leg up. (looking for the 10ema to hold as support)

The 3rd leg is usually the...
thanks man, will keep an eye on your method
  • #117,630
  • Feb 3, 2009 9:19pm Feb 3, 2009 9:19pm
Quoting jack.canadia
We may have just missed our shot just shy of 1.4420, but anything is still possible
do you have some news? or some , ?to say 1.4420, i think is very hard to 1.4420.In oanda i do not find nothing.

-sory my inglish
  • #117,631
  • Feb 3, 2009 9:46pm Feb 3, 2009 9:46pm
Looking to break support at 1.43600
  • #117,632
  • Feb 3, 2009 9:52pm Feb 3, 2009 9:52pm
Quoting juan852
do you have some news? or some , ?to say 1.4420, i think is very hard to 1.4420.In oanda i do not find nothing.

-sory my inglish
50% retracement of the current swing down lies in that area...
  • #117,633
  • Feb 3, 2009 10:26pm Feb 3, 2009 10:26pm
i went short from 1.4390 tp 1.4240 and sl 1.4460 if the price cannot break 1.4240 i will close my short position and go long but if the price break 1.4240 i'm looking to go long at 1.4040-1.4060 area.
  • #117,634
  • Feb 3, 2009 10:34pm Feb 3, 2009 10:34pm
bulls & bears fighting it out at this level... extremely undecided now. Could go either way.
  • #117,635
  • Feb 3, 2009 10:46pm Feb 3, 2009 10:46pm
this thing just keeps getting tighter and tighter...
  • #117,636
  • Edited 11:04pm Feb 3, 2009 10:47pm | Edited 11:04pm
i went short @ 4455 TS @ 4400
TP @ 4370 or @ 4290

if see break BB uper weekly @4380 will change Tp @ 4200 TS @ 4370

damn! My TS touched.
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  • #117,637
  • Feb 3, 2009 10:55pm Feb 3, 2009 10:55pm
Quoting biax
i went short @ 4455 TS @ 4400
TP @ 4370 or @ 4290

if see break BB uper weekly @4380 will change Tp @ 4200 TS @ 4370

Attachment
LOL. Looks like a piece of painting.
  • #117,638
  • Feb 3, 2009 10:59pm Feb 3, 2009 10:59pm
Quoting Ipips
LOL. Looks like a piece of painting.
Yeah it's my Canvas to make money
  • #117,639
  • Feb 3, 2009 11:04pm Feb 3, 2009 11:04pm
Quoting Ipips
bulls & bears fighting it out at this level... extremely undecided now. Could go either way.

nonagricultural employment, what the usa people say???

  • #117,640
  • Feb 3, 2009 11:07pm Feb 3, 2009 11:07pm
Quoting juan852

nonagricultural employment, what the usa people say???

I missed that report. When was that?
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