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Cable Update (GBPUSD)

  • #118,461
  • Feb 5, 2009 9:41am Feb 5, 2009 9:41am
Quoting Abuawad
thanks
Best wishes to your Son also!
  • #118,462
  • Feb 5, 2009 9:42am Feb 5, 2009 9:42am
Quoting eohater
This one here.
Thnx!
  • #118,463
  • Feb 5, 2009 9:42am Feb 5, 2009 9:42am
Long team, make sure you look at the 1h candle that is forming. We might get a pin.
Just digging in the trenches like everyone else!
  • #118,464
  • Feb 5, 2009 9:42am Feb 5, 2009 9:42am
It was fun being a bull. I knew I wasn't the last one. Later, Gators.
There's always money in the banana stand.
  • #118,465
  • Feb 5, 2009 9:44am Feb 5, 2009 9:44am
Quoting Komissar
Are you looking short around 4650?
just shorted at 4640...
  • #118,466
  • Feb 5, 2009 9:44am Feb 5, 2009 9:44am
woahhh..
what a fight..

bull VS bear..

who will win??

im still on the sideline..
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  • #118,467
  • Feb 5, 2009 9:46am Feb 5, 2009 9:46am
Quoting blurrcow
just shorted at 4640...
gud luck bro..

im on your side..

pop
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  • #118,468
  • Feb 5, 2009 9:46am Feb 5, 2009 9:46am
Quoting blurrcow
just shorted at 4640...

yeh I thought i was the only bear now lol
  • #118,469
  • Feb 5, 2009 9:47am Feb 5, 2009 9:47am
Breakout ? actually still to be confirmed by daily close ,would be nice tho
Attached Image (click to enlarge)
Click to Enlarge Name: 28-gbp-usd daily -5-2-9.gif Size: 25 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #118,470
  • Feb 5, 2009 9:48am Feb 5, 2009 9:48am
Big support at 4580 if we can break that then I can see 4480
  • #118,471
  • Feb 5, 2009 9:48am Feb 5, 2009 9:48am
Quoting eohater
Long team, make sure you look at the 1h candle that is forming. We might get a pin.
:nerd:

My stop is at 4590 on my remaining position.. I think the m15 10 will hold her though..
Patience + Discipline - Greed = Success
  • #118,472
  • Feb 5, 2009 9:51am Feb 5, 2009 9:51am
Quoting Infinity
:nerd:

My stop is at 4590 on my remaining position.. I think the m15 10 will hold her though..
I'm out looking for the 15m 21 to get back in. Here's why with the trendline.
Attached Image (click to enlarge)
Click to Enlarge Name: chart.jpg Size: 134 KB
Just digging in the trenches like everyone else!
  • #118,473
  • Feb 5, 2009 9:52am Feb 5, 2009 9:52am
Quoting Infinity
:nerd:

My stop is at 4590 on my remaining position.. I think the m15 10 will hold her though..
if no hold her , this is a good time for take a short?
  • #118,474
  • Feb 5, 2009 9:52am Feb 5, 2009 9:52am
Quoting PipLand
EO, Infinity yuo guys were correct no H&S I should go get my eyes checked lol.

possible double top though?
we are in a questionable area Pip...I would say that this is the struggle between fundamentalist and Tech traders...

I would take latest news most confusing...
Rate cut is as forecasted....but USA is growing in job losses and that bodes badly for UK....

I would not see it climb much more..even though Trend lines are coaxing it to do so...

good luck..
  • #118,475
  • Feb 5, 2009 9:53am Feb 5, 2009 9:53am
Quoting Mr.mo
if no hold her , this is a good time for take a short?
Personally, the better short was at 4650.
Just digging in the trenches like everyone else!
  • #118,476
  • Feb 5, 2009 9:53am Feb 5, 2009 9:53am
Quoting eohater
I'm out looking for the 15m 21 to get back in. Here's why with the trendline.
same, a good place to add
  • #118,477
  • Feb 5, 2009 9:53am Feb 5, 2009 9:53am
Quoting eohater
Personally, the better short was at 4650.
Agreed
Patience + Discipline - Greed = Success
  • #118,478
  • Feb 5, 2009 9:56am Feb 5, 2009 9:56am
Quoting JammerJams
we are in a questionable area Pip...I would say that this is the struggle between fundamentalist and Tech traders...

I would take latest news most confusing...
Rate cut is as forecasted....but USA is growing in job losses and that bodes badly for UK....

I would not see it climb much more..even though Trend lines are coaxing it to do so...

good luck..
I agree 100% I was very bullish until the news. but the news left me looking for resistance areas to short, If I didnt listen to the news all day I would be trying to ride the uptrend to 4800, (which would not have been a bad thing at all, still would have grabbed loads of pips!)
  • #118,479
  • Feb 5, 2009 9:58am Feb 5, 2009 9:58am
Quoting eohater
I'm out looking for the 15m 21 to get back in. Here's why with the trendline.
nice....
Patience + Discipline - Greed = Success
  • #118,480
  • Feb 5, 2009 9:59am Feb 5, 2009 9:59am
this trendline is still very strong, its quite steep though!
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