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Cable Update (GBPUSD)

  • #118,421
  • Feb 5, 2009 8:27am Feb 5, 2009 8:27am
Quoting JammerJams
Not all my friend...but hedging for swings..that can occur..but it will drop..maybe not within the hour..but it will..good luck
yeah i expect it to test this trendline again in the 4550 area could break it this time, then onto support at 4480
  • #118,422
  • Feb 5, 2009 8:27am Feb 5, 2009 8:27am
Watch out Bones. We got a Daily level here old buddy. Did you miss this one???? lOL

Jim

Quoting Bones
Im thinking we can confirm the entrace to the old weekly consolidation zone
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 24 KB
  • #118,423
  • Feb 5, 2009 8:38am Feb 5, 2009 8:38am
Quoting Bones
Im thinking we can confirm the entrace to the old weekly consolidation zone
we will drop Bones..but I dont think that low..we may commence a new consolidation zone about where we are currently at...too many Pound Bulls..

so..i am out for most of the day..not until i see solid patterns...

I like to see my customers happy. Not good to report any losses...
Reached quota...and done for the next 24 hours
  • #118,424
  • Feb 5, 2009 8:41am Feb 5, 2009 8:41am
i think gu will go further upside after 1500 gmt and i put my short pending order at 1.4900 and 1.4950 sl 1.5010 if hit i will let it open until tomorrow us NFP.
  • #118,425
  • Feb 5, 2009 8:42am Feb 5, 2009 8:42am
looks like its going toward the 1.4703 second resistence

http://http://www.dailyfx.com/story/...755043332.html
  • #118,426
  • Feb 5, 2009 8:43am Feb 5, 2009 8:43am
5 waves up from suggest that the larger GBPUSD trend has turned up. An expanded flat may be complete at yesterday’s low of 1.4049. There is a bullish opportunity against that level. Measured objectives are in the 1.50-1.5550 zone. Chart resistance is at 1.5378.http://www.dailyfx.com/story/dailyfx...755043332.html
  • #118,427
  • Feb 5, 2009 8:48am Feb 5, 2009 8:48am
I still think we will go down to 4480, looking at the 15min it could be a H&S there anyone else think the same?
  • #118,428
  • Feb 5, 2009 8:49am Feb 5, 2009 8:49am
Quoting PipLand
I still think we will go down to 4480, looking at the 15min it could be a H&S there anyone else think the same?
actually looks clearer on the 5 min
  • #118,429
  • Feb 5, 2009 8:50am Feb 5, 2009 8:50am
Quoting PipLand
I still think we will go down to 4480, looking at the 15min it could be a H&S there anyone else think the same?
I disagree....
Patience + Discipline - Greed = Success
  • #118,430
  • Feb 5, 2009 8:55am Feb 5, 2009 8:55am
Quoting PipLand
I still think we will go down to 4480, looking at the 15min it could be a H&S there anyone else think the same?
me with you..

but not taking position yet,,until it makes the move..

pop
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  • #118,431
  • Feb 5, 2009 8:56am Feb 5, 2009 8:56am
Yeah, I don't see any H&S forming either. Just a nice little uptrend.

Quoting Infinity
I disagree....
Prices are never too high to begin buying or too low to begin selling.
  • #118,432
  • Feb 5, 2009 9:00am Feb 5, 2009 9:00am
Quoting Infinity
I disagree....
I cuncur bro! How you been? Traveling on the road? I hope your trades have gone good today. I just got one filled at 4608 and covering at +3 atm.
Just digging in the trenches like everyone else!
  • #118,433
  • Feb 5, 2009 9:01am Feb 5, 2009 9:01am
i think we head to 4820
  • #118,434
  • Feb 5, 2009 9:02am Feb 5, 2009 9:02am
Quoting PipLand
I still think we will go down to 4480, looking at the 15min it could be a H&S there anyone else think the same?

I saw that earlier and was watching it, it sure does look like resistance.



p.s.- black gold is down.
  • #118,435
  • Feb 5, 2009 9:05am Feb 5, 2009 9:05am
Quoting fry2010
i think we head to 4820
Agree, sorry for delay my son was at the hospital
Attached Image
  • #118,436
  • Feb 5, 2009 9:05am Feb 5, 2009 9:05am
Quoting eohater
I cuncur bro! How you been? Traveling on the road? I hope your trades have gone good today. I just got one filled at 4608 and covering at +3 atm.
Hey bro! I've been doing great.. I played the 62ema on h1 both ways for some nice pippage. Got another long off 4550 closed half at 4637 rest at +2..

I have been very busy this week bro....
Patience + Discipline - Greed = Success
  • #118,437
  • Feb 5, 2009 9:08am Feb 5, 2009 9:08am
Nothing too serious I hope
  • #118,438
  • Feb 5, 2009 9:10am Feb 5, 2009 9:10am
Quoting eohater
I cuncur bro! How you been? Traveling on the road? I hope your trades have gone good today. I just got one filled at 4608 and covering at +3 atm.
Remember this red line...? I think we will be seeing it soon... it lines up with a daily trendline and also the daily 50ema... I thinking of a short up there..
Attached Image
Patience + Discipline - Greed = Success
  • #118,439
  • Feb 5, 2009 9:11am Feb 5, 2009 9:11am
Quoting Infinity
Hey bro! I've been doing great.. I played the 62ema on h1 both ways for some nice pippage. Got another long off 4550 closed half at 4637 rest at +2..

I have been very busy this week bro....
Outstanding bro! I was asleep and didn't catch the long off the 1h 62ema. I saw it this morning when I got up though. Nice trade in deed! The 4550, did you play it off the 15m 21ema?

I'm seeing that we're having troubles overtaking the pin on the 15m atm.
Just digging in the trenches like everyone else!
  • #118,440
  • Feb 5, 2009 9:14am Feb 5, 2009 9:14am
Quoting Infinity
Remember this red line...? I think we will be seeing it soon... it lines up with a daily trendline and also the daily 50ema... I thinking of a short up there..
I'm targeting the daily 50ema as well. Should we see it today, I will definately go short. We're almost OB and the extra 100 pips would put us there for sure.

Back to that damn 15m pin though, we have to overtake it to get there.
Just digging in the trenches like everyone else!
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