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Cable Update (GBPUSD)

  • #120,741
  • Feb 16, 2009 9:58pm Feb 16, 2009 9:58pm
Quoting jack.canadia
Dollar Index for everyone...88.43 is the level to watch
jack..if she breaks that level..its going to make all opposing usd pairs drop rather fast..

but if she holds..nice retracements are in order...
  • #120,742
  • Feb 16, 2009 9:59pm Feb 16, 2009 9:59pm
Quoting JammerJams
jack..if she breaks that level..its going to make all opposing usd pairs drop rather fast..

but if she holds..nice retracements are in order...
...which is USD strength no? I'm a G/U bear and I am looking for a break of the H4 head and shoulder pattern ...
  • #120,743
  • Feb 16, 2009 10:02pm Feb 16, 2009 10:02pm
Quoting JammerJams
jack..if she breaks that level..its going to make all opposing usd pairs drop rather fast..

but if she holds..nice retracements are in order...
Of course .. and price action in the index that suggests a reversal at that level would negate alot of bearishness for G/U and then we (I) could justify looking to buy
  • #120,744
  • Feb 16, 2009 10:02pm Feb 16, 2009 10:02pm
Quoting JammerJams
when you say..."buying at 4067" you mean shorting at 4067..correct..
because you are waiting for the drop zone to appear...
No it not correct I will buy at this level because it will rebound from there
  • #120,745
  • Feb 16, 2009 10:02pm Feb 16, 2009 10:02pm
The euro already tanked tonight about 100 pips...
  • #120,746
  • Feb 16, 2009 10:02pm Feb 16, 2009 10:02pm
Quoting Abuawad
lets see if this girl will move today...
Thanks Abuawad.

Can you confirm your analysis number are correct?
S 1,4325 TP1,4196 SL1,4305

Is the SL suppose to be lower than the entry sell at 1.4325?
  • #120,747
  • Feb 16, 2009 10:04pm Feb 16, 2009 10:04pm
Quoting sofia101
No it not correct I will buy at this level because it will rebound from there
I would be looking to buy counter tred there as well however if price does not make a higher high and higher low off of this level, we are still bearish and a break of that level would still be possible
  • #120,748
  • Feb 16, 2009 10:08pm Feb 16, 2009 10:08pm
Quoting amar747
Hi there. thanks for that

btw, do you mean, we enter short or long at the safest zone which is from the highest or lowest point of entry?

Pls revert...thanks
Abuawad platform will be active if she goes up there ! Otherwise postphone !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #120,749
  • Feb 16, 2009 10:09pm Feb 16, 2009 10:09pm
Quoting jack.canadia
I would be looking to buy counter tred there as well however if price does not make a higher high and higher low off of this level, we are still bearish and a break of that level would still be possible
Of Course it is possible ,but look how many times this level was tested it should be rebound and then continuation lower
  • #120,750
  • Edited 10:22pm Feb 16, 2009 10:10pm | Edited 10:22pm
Quoting jack.canadia
I would be looking to buy counter tred there as well however if price does not make a higher high and higher low off of this level, we are still bearish and a break of that level would still be possible
This is my concern...we still need to reach those highs before we can consider a long at 40xx ..well..that is what I am sensing..the e/u may be ready for that nice climb..but the g/u is still questionable...

the gap still needs to be considered
  • #120,751
  • Feb 16, 2009 10:13pm Feb 16, 2009 10:13pm
Quoting Jnita
Thanks Abuawad.

Can you confirm your analysis number are correct?
S 1,4325 TP1,4196 SL1,4305

Is the SL suppose to be lower than the entry sell at 1.4325?
Sorry, i forget to update those cells,.
Attached Image
  • #120,752
  • Feb 16, 2009 10:18pm Feb 16, 2009 10:18pm
Quoting Abuawad
Sorry, i forget to update those cells,.
Thanks
  • #120,753
  • Feb 16, 2009 10:18pm Feb 16, 2009 10:18pm
Quoting JammerJams
This is my concern...we still need to reach those highs before we a long at 40xx can be consdiered..well..that is what I am sensing..the e/u may be ready for that nice climb..but the g/u is still questionable...
Look at the words you are using :sensing ,questionable that's is not tradings it is a guessing game.LOL
  • #120,754
  • Feb 16, 2009 10:21pm Feb 16, 2009 10:21pm
In case others may not know, the Daily S1 pivot is 1.4190, the area in which we bounced.
  • #120,755
  • Feb 16, 2009 10:26pm Feb 16, 2009 10:26pm
The weekly M3 pivot point is at 1.4185 .. So we have some nice support in that area.
  • #120,756
  • Feb 16, 2009 10:26pm Feb 16, 2009 10:26pm
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  • #120,757
  • Feb 16, 2009 10:32pm Feb 16, 2009 10:32pm
Quoting Inzider
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  • #120,758
  • Feb 16, 2009 10:33pm Feb 16, 2009 10:33pm
Quoting sofia101
Look at the words you are using :sensing ,questionable that's is not tradings it is a guessing game.LOL
You are correct Sofia..

i do not like the idea that we are making assumptions that the g/u will drop first in order to make that climb up to the 44xx regions...

I also am hearing discussions that the climb..."another assumption"
and that it will bounce when it gets to 4067 level..."third assumption"

we are making assumptions. that is what I was getting at. too many assumptions.

We are going to see lots of action..and indicisive movements.....that is one thing for sure.
  • #120,759
  • Feb 16, 2009 10:35pm Feb 16, 2009 10:35pm
what we should focus on are the specifics..

As Jack pointed out..the pivot level 4190
the lower tough resistence 406x level
the upper range at 44xx level

all other movements are then based from resistences or supports and time periods...
  • #120,760
  • Feb 16, 2009 10:39pm Feb 16, 2009 10:39pm
Quoting JammerJams
You are correct Sofia..

i do not like the idea that we are making assumptions that the g/u will drop first in order to make that climb up to the 44xx regions...

I also am hearing discussions that the climb..."another assumption"
and that it will bounce when it gets to 4067 level..."third assumption"

we are making assumptions. that is what I was getting at. too many assumptions.

We are going to see lots of action..and indicisive movements.....that is one thing for sure.
I am trying to tell you that you need to change your charts ,they are kind of lame .Try to look at naked chart and put support and resistance and you will see clear picture,and will not talk about assumptions
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