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Cable Update (GBPUSD)

  • #118,621
  • Feb 5, 2009 5:45pm Feb 5, 2009 5:45pm
Quoting cesare76fx
The 4hr charts differ one another because of the time zone, my chart in the above example is GMT 0. Unless my broker is playing tricks on me.
could you post your 4h chart? I'm not at home now, but thinking to add some shorts.
  • #118,622
  • Feb 5, 2009 5:46pm Feb 5, 2009 5:46pm
Thanks!
Quoting JammerJams
The UK is tight with USA success and failures...we are bound in so many ways...banking "financial sector" our job market is their job market indicator. So..if usa shows success...uk will follow much sooner then most other pairs. As long as we see bad USA problems we will see a low on risk appetite....and we will see USD be strong. Once we see markets doing better..the preference for the dollar will diminish.

People are looking for solid foothold to secure what they have.
"No trade is still a trade." - Peter Borish
  • #118,623
  • Feb 5, 2009 5:47pm Feb 5, 2009 5:47pm
Quoting mangZX7L
im afraid that we might be heading north lol..coz my 20,5 sma showing that..but..anything might happen..on my H4..it already break my 200 ema to the north..is this a sign of trend reversal?somebody mind sharing some opinion here?
my first chart dont laff ,the gold line is my 200 ema !
i see nothing to trade am on the fence ,like humpy dumpy sat on the wall
Attached Image (click to enlarge)
Click to Enlarge Name: gbp100.gif Size: 26 KB
  • #118,624
  • Feb 5, 2009 5:50pm Feb 5, 2009 5:50pm
sorri mangZX7L looked like 200 ,im going short sighted looking at these charts all the while ,need a break
  • #118,625
  • Feb 5, 2009 5:55pm Feb 5, 2009 5:55pm
Quoting laromanell
could you post your 4h chart? I'm not at home now, but thinking to add some shorts.
here it is
Attached Image (click to enlarge)
Click to Enlarge Name: chart2.gif Size: 20 KB
  • #118,626
  • Feb 5, 2009 5:59pm Feb 5, 2009 5:59pm
Quoting cesare76fx
here it is
Got the fib wrong of a few pips, as you can see it's on the lower bar... i do apologize, the 50% on the right fib would be 1.4611.
  • #118,627
  • Feb 5, 2009 6:06pm Feb 5, 2009 6:06pm
Quoting Tvrspeed12
sorri mangZX7L looked like 200 ,im going short sighted looking at these charts all the while ,need a break
money is for living
  • #118,628
  • Feb 5, 2009 6:21pm Feb 5, 2009 6:21pm
Quoting mangZX7L
up or down will do
  • #118,629
  • Feb 5, 2009 6:25pm Feb 5, 2009 6:25pm
Quoting cesare76fx
here it is
thanks mate. I added a couple of shorts to my position.
  • #118,630
  • Feb 5, 2009 6:26pm Feb 5, 2009 6:26pm
Quoting Tvrspeed12
up or down will do
even though like it looks like it will change the main trend...but i just wannna stay aside for a while...until the time comes...correct me if im wrong guys...im a newbie here,and i hope u guys can help me out too
money is for living
  • #118,631
  • Feb 5, 2009 6:38pm Feb 5, 2009 6:38pm
heres what im looking at
Attached Image (click to enlarge)
Click to Enlarge Name: 05feb09gbp.jpg Size: 241 KB
Don't have an ego. Always question yourself and your ability.
  • #118,632
  • Feb 5, 2009 6:51pm Feb 5, 2009 6:51pm
Quoting mangZX7L
even though like it looks like it will change the main trend...but i just wannna stay aside for a while...until the time comes...correct me if im wrong guys...im a newbie here,and i hope u guys can help me out too
hell me too im straight out of the box ,newbie here to!what i suggest you do is read all you can every night/day whenever you can ,and learn from this forum ,its brill.they didnt build rome in a day.also goto BABYPIPS.COM is a must,ive graduated too 8th grade whooopy
  • #118,633
  • Feb 5, 2009 7:47pm Feb 5, 2009 7:47pm
Quoting mangZX7L
even though like it looks like it will change the main trend...but i just wannna stay aside for a while...until the time comes...correct me if im wrong guys...im a newbie here,and i hope u guys can help me out too
I read this thread now and then - I do not know if it is going to change direction yet. I play with the fibs and since Jan 18 the fall from 4891 to 3503 has retaced just about all the move down, validating each fib point at 4030, 4198, 4366 and 4565. I'm waiting to see if 4677 will be challenged again and broken through then maybe 4891 is on the horizon and looking at the rise and the indicators maybe more - but who knows - fridays can be wild - good trading to everybody
  • #118,634
  • Feb 5, 2009 8:19pm Feb 5, 2009 8:19pm
I've been short for a while. Short EUR, long USDCHF, and long USdCAD. Its always good to keep a basket and not rely on one currency. A basket can save your arse.
There's always money in the banana stand.
  • #118,635
  • Feb 5, 2009 8:54pm Feb 5, 2009 8:54pm
hello guys ,pls can sm 1 tell me where GBP .USD is going???
  • #118,636
  • Feb 5, 2009 9:02pm Feb 5, 2009 9:02pm
Quoting yahzeex
hello guys ,pls can sm 1 tell me where GBP .USD is going???
what do YOUR charts tell you?
Don't chase the market, Let the market come to you
  • #118,637
  • Feb 5, 2009 9:09pm Feb 5, 2009 9:09pm
Quoting Tmac
what do YOUR charts tell you?
still hope to north
  • #118,638
  • Feb 5, 2009 9:30pm Feb 5, 2009 9:30pm
Quoting dashboard
still hope to north
The euro is seeing resistance at 1.2760. Might this pull the cable up?
  • #118,639
  • Feb 5, 2009 10:33pm Feb 5, 2009 10:33pm
i put buy stop at 1.4670 and tp 1.4850 sl 1.4590.i just went short 1.4620 tp 1.4550 and sl 1.4670
  • #118,640
  • Feb 5, 2009 10:54pm Feb 5, 2009 10:54pm
Quoting cape12
I read this thread now and then - I do not know if it is going to change direction yet. I play with the fibs and since Jan 18 the fall from 4891 to 3503 has retaced just about all the move down, validating each fib point at 4030, 4198, 4366 and 4565. I'm waiting to see if 4677 will be challenged again and broken through then maybe 4891 is on the horizon and looking at the rise and the indicators maybe more - but who knows - fridays can be wild - good trading to everybody
i agree
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