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Cable Update (GBPUSD)

  • #118,441
  • Feb 5, 2009 9:15am Feb 5, 2009 9:15am
Quoting AmeriTrini
I saw that earlier and was watching it, it sure does look like resistance.



p.s.- black gold is down.
Im glad you see it, i thought i was going mad.

Trend sure looks strong on the higher time frames though! Maybe I should just stick to them.

I would be surprised if we dont at least test 4580
  • #118,442
  • Feb 5, 2009 9:16am Feb 5, 2009 9:16am
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..

great chart bro, have exactly same trendline on mine....


there is smaller trendline that has been capping this thing thus far, looks like it will break soon
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.JPG Size: 116 KB
Trading is 80% Emotional, 20% Technical
  • #118,443
  • Feb 5, 2009 9:16am Feb 5, 2009 9:16am
Quoting Abuawad
Agree, sorry for delay my son was at the hospital
I hope your son gets better!
Just digging in the trenches like everyone else!
  • #118,444
  • Feb 5, 2009 9:17am Feb 5, 2009 9:17am
Quoting eohater
I hope your son gets better!
thanks, bad whether here everyone got cold.
  • #118,445
  • Feb 5, 2009 9:21am Feb 5, 2009 9:21am
Quoting Abuawad
thanks, bad whether here everyone got cold.
My wishes too go out to your family.
  • #118,446
  • Feb 5, 2009 9:21am Feb 5, 2009 9:21am
somebody got a hammer? it would be nice if u lend it here...
  • #118,447
  • Feb 5, 2009 9:21am Feb 5, 2009 9:21am
Quoting Abuawad
thanks, bad whether here everyone got cold.
I wish for your son a speedy recovery bro...
Patience + Discipline - Greed = Success
  • #118,448
  • Feb 5, 2009 9:21am Feb 5, 2009 9:21am
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..
Are you looking short around 4650?
  • #118,449
  • Feb 5, 2009 9:22am Feb 5, 2009 9:22am
Quoting Abuawad
thanks, bad whether here everyone got cold.
Understand that. Both of my children are getting over colds as well. Both have double ear infections.
Just digging in the trenches like everyone else!
  • #118,450
  • Feb 5, 2009 9:26am Feb 5, 2009 9:26am
Quoting Komissar
Are you looking short around 4650?
477x area. If you were to take the short here, I would recommend a SL just on the other side of 4665, prob around 4675. If we overtake the pin on the 15m. We will see 477x.
Just digging in the trenches like everyone else!
  • #118,451
  • Feb 5, 2009 9:29am Feb 5, 2009 9:29am
Quoting eohater
477x area. If you were to take the short here, I would recommend a SL just on the other side of 4665, prob around 4675. If we overtake the pin on the 15m. We will see 477x.
Thanks a lot.
Did you mean pin at 7:30, 4560?
  • #118,452
  • Feb 5, 2009 9:29am Feb 5, 2009 9:29am
Quoting PipLand
Im glad you see it, i thought i was going mad.

Trend sure looks strong on the higher time frames though! Maybe I should just stick to them.

I would be surprised if we dont at least test 4580
Oh I didnt see the HS pattern but I did see resistance
  • #118,453
  • Feb 5, 2009 9:29am Feb 5, 2009 9:29am
Hi Jim my friend ,I see the res Its going to break Id say
We are in a break out of that I am sure.



Quoting hard1head1
Watch out Bones. We got a Daily level here old buddy. Did you miss this one???? lOL

Jim
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #118,454
  • Feb 5, 2009 9:31am Feb 5, 2009 9:31am
+100 pips already in my hands and i moved my sl +20 because i believe there are still more room to go further upside and hope hit my tp 1.4750
  • #118,455
  • Feb 5, 2009 9:32am Feb 5, 2009 9:32am
Quoting Abuawad
Agree, sorry for delay my son was at the hospital

Best wishes to your son.
And many thanks for great Info
  • #118,456
  • Feb 5, 2009 9:34am Feb 5, 2009 9:34am
Quoting Komissar
Thanks a lot.
Did you mean pin at 7:30, 4560?
This one here.
Attached Image (click to enlarge)
Click to Enlarge Name: chart.jpg Size: 142 KB
Just digging in the trenches like everyone else!
  • #118,457
  • Feb 5, 2009 9:35am Feb 5, 2009 9:35am
Quoting jack1234
Best wishes to your son.
And many thanks for great Info
thanks
  • #118,458
  • Feb 5, 2009 9:36am Feb 5, 2009 9:36am
EO, Infinity yuo guys were correct no H&S I should go get my eyes checked lol.

possible double top though?
  • #118,459
  • Feb 5, 2009 9:38am Feb 5, 2009 9:38am
Quoting fx local
great chart bro, have exactly same trendline on mine....


there is smaller trendline that has been capping this thing thus far, looks like it will break soon
excellent chart!
Patience + Discipline - Greed = Success
  • #118,460
  • Feb 5, 2009 9:39am Feb 5, 2009 9:39am
Quoting eohater
477x area. If you were to take the short here, I would recommend a SL just on the other side of 4665, prob around 4675. If we overtake the pin on the 15m. We will see 477x.
exactly..
Patience + Discipline - Greed = Success
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