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Cable Update (GBPUSD)

  • #120,441
  • Feb 15, 2009 9:56am Feb 15, 2009 9:56am
Quoting Abouelzelouf
Cable jumped up to around 1.4420 during the weekend let us see what will the open do later!!!!

tell me too!
  • #120,442
  • Feb 15, 2009 10:36am Feb 15, 2009 10:36am
Quoting pipsmoney
how did u know this price
see xe.com.
It may not be right but previously they have been more right than wrong.
  • #120,443
  • Feb 15, 2009 11:04am Feb 15, 2009 11:04am
Ain't trying to contradic yourself but last week they done the same and we haven't open whit a gap at all. Maby you got a better historic on it then me.

I just doubt its accurate...

Thx for the info anyway!
---------------
Honnestly i hope open whit a gap down... its'me.
  • #120,444
  • Feb 15, 2009 11:21am Feb 15, 2009 11:21am
Hi guys,
Here's my idea for the cable.
Don't waste your weekend time on these quotes. If it's ment to open with a gap it will, and if not - it won't. Either way - it's not tradeable.
There is no market in the weekends - only broken charts and quotes.
Good luck.
Attached Image
Berbo count: 12 We'll Keep the Red Flags Flying High
  • #120,445
  • Feb 15, 2009 11:26am Feb 15, 2009 11:26am
you posting at half-time I see....
  • #120,446
  • Feb 15, 2009 11:32am Feb 15, 2009 11:32am
Quoting Parky
you posting at half-time I see....

You got me... You see how much i care about the FF forum members... Every spare minute sharing ideas...
We are two goals ahead, everything is going on smoothly and "as expected"...
Berbo count: 12 We'll Keep the Red Flags Flying High
  • #120,447
  • Feb 15, 2009 11:45am Feb 15, 2009 11:45am
Happy trading,
Attached Images
  • #120,448
  • Feb 15, 2009 11:46am Feb 15, 2009 11:46am
  •  brigo
  • | Joined Oct 2008 | Status: the early bird catches the worm | 45 Posts
Quoting Abouelzelouf
Cable jumped up to around 1.4420 during the weekend let us see what will the open do later!!!!

Where do you see that ? Thanks.
  • #120,449
  • Feb 15, 2009 11:50am Feb 15, 2009 11:50am
Quoting brigo
Where do you see that ? Thanks.
check www.xe.com
  • #120,450
  • Feb 15, 2009 11:54am Feb 15, 2009 11:54am
  •  brigo
  • | Joined Oct 2008 | Status: the early bird catches the worm | 45 Posts
Quoting pipsmoney
check www.xe.com
Thanks a lot.
  • #120,451
  • Feb 15, 2009 12:12pm Feb 15, 2009 12:12pm
New data for #AbuawadNew_v2 indicator
Attached File(s)
File Type: txt abuawad_data.txt   < 1 KB | 286 downloads
  • #120,452
  • Feb 15, 2009 12:34pm Feb 15, 2009 12:34pm
HA!!! xe.com is fraud office never trust them, there was gap down instead of gap up! oanda is already open and take a look now on xe.com they show 14300
  • #120,453
  • Feb 15, 2009 12:47pm Feb 15, 2009 12:47pm
Just a thought. This is a Daily chart.
Attached Image
Just digging in the trenches like everyone else!
  • #120,454
  • Feb 15, 2009 12:57pm Feb 15, 2009 12:57pm
Quoting sphinx
HA!!! xe.com is fraud office never trust them, there was gap down instead of gap up! oanda is already open and take a look now on xe.com they show 14300
http://www.fxstreet.com/rates-charts/forex-rates/

http://www.dailyfx.com/charts/Chart.html
  • #120,455
  • Feb 15, 2009 12:58pm Feb 15, 2009 12:58pm
Quoting eohater
Just a thought. This is a Daily chart.
Very nice! I did not see this. This strengthens my bias, which is down. I had already planned for today/tomorrow to take a short on a failure out of 1.4430/80 anyway to follow the longer term direction (big area to find a short but there is a good possibility of finding some resistance in there). Your HS pattern is supported by a rising trendline and a break/re-test of this line would be an even stronger place to short. If I can have my order filled I would be looking to add on a break there.

Do you plan to play a break of that pattern? Any idea on a first target or are you going to target the bottom? Beyond 1.4020 I can't see any considerable level for a target before the bottom at 1.3500. Maybe some pivot levels but those I will not know until 00:00GMT ....
  • #120,456
  • Feb 15, 2009 12:59pm Feb 15, 2009 12:59pm
Quoting eohater
Just a thought. This is a Daily chart.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdd.gif Size: 19 KB
  • #120,457
  • Feb 15, 2009 1:05pm Feb 15, 2009 1:05pm
Quoting jack.canadia
Very nice! I did not see this. This strengthens my bias, which is down. I had already planned for today/tomorrow to take a short on a failure out of 1.4430/80 anyway to follow the longer term direction (big area to find a short but there is a good possibility of finding some resistance in there). Your HS pattern is supported by a rising trendline and a break/re-test of this line would be an even stronger place to short. If I can have my order filled I would be looking to add on a break there.

Do you plan to play a break of that pattern? Any idea...
I'm remaining bearish on cable. I won't be holding one position all the way to where ever she ends up. I do see she has potential to go past 1.35 She will breathe and offer pips on both sides though and I'll trade her as such. Sunday and the gap is something I really don't like to play with. I will watch the open with my broker and should I see a nice price, I'll take it, but if it should open at the current price of 4260, which is gapped down. I will be looking for support which whould sent her back to fill the gap. 4150-4100 is that area atm that I would suspect a bounce up to cover any downard gap before continuing down. I'll be watching price around 444x for a short entry, but I wouldn't rule out an upward movement to around 457x area. I'll be opening my parachute should we get there with some nice PA for a turn down.
Just digging in the trenches like everyone else!
  • #120,458
  • Feb 15, 2009 1:05pm Feb 15, 2009 1:05pm
and H4
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.gif Size: 21 KB
  • #120,459
  • Feb 15, 2009 1:06pm Feb 15, 2009 1:06pm
Quoting fifo
Just digging in the trenches like everyone else!
  • #120,460
  • Feb 15, 2009 1:07pm Feb 15, 2009 1:07pm
Quoting eohater
Just a thought...
Your thought contradicts with the moto in your signature...
"Trade what you see NOT what you expect."
Good luck.
Berbo count: 12 We'll Keep the Red Flags Flying High
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