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Cable Update (GBPUSD)

  • #118,661
  • Feb 6, 2009 2:09am Feb 6, 2009 2:09am
Quoting golatigo
does this look familer?

Are you looking at the break of your inner trend (blue) line as a change in trend to go short?
  • #118,662
  • Feb 6, 2009 2:10am Feb 6, 2009 2:10am
Quoting mangZX7L
boss..if u dont mind..can u tell me,why u choose 4750 to short?
We have a strong RL there.
Attached Image (click to enlarge)
Click to Enlarge Name: pb.gif Size: 31 KB
  • #118,663
  • Feb 6, 2009 2:11am Feb 6, 2009 2:11am
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Click to Enlarge Name: support.gif Size: 36 KB
  • #118,664
  • Feb 6, 2009 2:14am Feb 6, 2009 2:14am
Quoting pepper
Attachment
i missed that lol..but by looking at h4 n my sma 20 n sma 5..it does create a bullish divergence i guess..anyway..lets hope for the best...btw..did anyone went short just now?
money is for living
  • #118,665
  • Feb 6, 2009 2:17am Feb 6, 2009 2:17am
something interesting....

(IGM)More stop tripping in [CABLE]. The headline has now broken above the key 55-day mov ave at 1.4725 to a fresh...

More stop tripping in [CABLE]. The headline has now broken above the key 55-day mov ave at 1.4725 to a fresh 14-day best of 1.4746. It is the first time the Pound has traded above the line since Jan 9, but we have not traded through for a sustained period since late July. Therefore, we would not be too surprised to see some profit taking emerging in and around the line given the fairly rapid gains made through the course of the week since slumping to 1.4052 Mon. Also, the IP/MP data is expected to be a shocker later, i.e. monthly reads of -1.2% and -1.4% respectively. It is worth noting, however, that tech contacts do not see that much strong resistance above until the 1.4910/15 and 1.5000 areas. Cable trades 1.4730.
  • #118,666
  • Feb 6, 2009 2:22am Feb 6, 2009 2:22am
Quoting mangZX7L
i missed that lol..but by looking at h4 n my sma 20 n sma 5..it does create a bullish divergence i guess..anyway..lets hope for the best...btw..did anyone went short just now?
Am in RED short.http://www.forexfactory.com/images/icons/icon8.gif
  • #118,667
  • Feb 6, 2009 2:26am Feb 6, 2009 2:26am
can't post my chart up for some reason.
anyway, i have cci going into overbought on my daily chart, which in my opinion shows that cable will most likely make another run up. so I'll be very careful if I was contemplating on shorting it rite now. Just a thought ..
Thank You
  • #118,668
  • Feb 6, 2009 2:26am Feb 6, 2009 2:26am
Quoting goodwings
Am in RED short.http://www.forexfactory.com/images/icons/icon8.gif
me too 4762
  • #118,669
  • Feb 6, 2009 2:28am Feb 6, 2009 2:28am
Quoting i.shawish
hi all, and i hope it was nice trading for all...
i want to ask a question...my broker is crown forex and they told me in january that there is an regular investegation from the government and it will finish at the end of january, but they told us that the investegation will last for more days in february...is that normal or there is a bad thing happening...i want to know if this thing happened for any one of you...
hey brotors, what you think???
what you get in the wind goes through the storms
  • #118,670
  • Feb 6, 2009 2:31am Feb 6, 2009 2:31am
im short too from 4768
money is for living
  • #118,671
  • Feb 6, 2009 2:33am Feb 6, 2009 2:33am
now im with bear..looks like it did not successfully penetrated thru brick wall 4768...
go go bear
money is for living
  • #118,672
  • Feb 6, 2009 2:36am Feb 6, 2009 2:36am
Happy trading, I'm off today...
Attached Image
  • #118,673
  • Feb 6, 2009 2:36am Feb 6, 2009 2:36am
gosh..SL hit at +15..well..it is still green pips
money is for living
  • #118,674
  • Feb 6, 2009 2:37am Feb 6, 2009 2:37am
mangZX7L : you might want to lock some since you're already green, that brick wall might just come down in about an hour or so. Just a thought bro
Thank You
  • #118,675
  • Feb 6, 2009 2:39am Feb 6, 2009 2:39am
mangzx7l : ooops. that was fast.
Thank You
  • #118,676
  • Feb 6, 2009 2:42am Feb 6, 2009 2:42am
Quoting wormboy
mangZX7L : you might want to lock some since you're already green, that brick wall might just come down in about an hour or so. Just a thought bro
thanks bro...im still thinking of bullish..but..right now i do some scalping which is sell from bounce..well..im still a newbie n learning...all advices are more2 appreciated...thanks again bro

p/s:if i post too much BS..just tell me..then ill stop...sorry guys
money is for living
  • #118,677
  • Feb 6, 2009 2:42am Feb 6, 2009 2:42am
I am deeply red pips, I was asleep after putting bear order ????

any help
  • #118,678
  • Feb 6, 2009 2:43am Feb 6, 2009 2:43am
Remember all, the main trend is still up, just some pips in downside for retracement. I believe it will touch 1.5 in near time.
The market is always right, but it is not never wrong!!!
  • #118,679
  • Feb 6, 2009 2:45am Feb 6, 2009 2:45am
Quoting mangZX7L
now im with bear..looks like it did not successfully penetrated thru brick wall 4768...
go go bear
  • #118,680
  • Feb 6, 2009 2:45am Feb 6, 2009 2:45am
Quoting madel
I am deeply red pips, I was asleep after putting bear order ????

any help
i blow one of the account once i sleep, never but anything if you will sleep. now one know what will happen if any urgent news or action happen.
but for your case i think cable will at least go back to the opening of the day before fly back up during US session
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