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Cable Update (GBPUSD)

  • #121,721
  • Feb 19, 2009 2:52am Feb 19, 2009 2:52am
would be not strange a double or triple top in these circunstances.

edit:stopped out +7 +1.4
  • #121,722
  • Feb 19, 2009 2:55am Feb 19, 2009 2:55am
we are sitting on the keg of a gun powder....any thing can happen....i am even scared...
  • #121,723
  • Feb 19, 2009 2:55am Feb 19, 2009 2:55am
latest news from ACM forex: Traders cite Russian supply providing resistance ahead of 1.4400.
  • #121,724
  • Feb 19, 2009 3:03am Feb 19, 2009 3:03am
Quoting popisdead
im covered, my entry 14380.
SL=BE

pop
Pheww..Hit my SL=BE


pop
{Promotion Removed}
  • #121,725
  • Edited 3:26am Feb 19, 2009 3:06am | Edited 3:26am
Quoting jack.canadia
The hourly, 4 hour and weekly are all diverging to the upside. I mentioned this earlier. I should listen to myself more lol

Just closed a portion of my earlier long entry
from 1.4251 @ 1.4385 for 134 pips.

Moved the S/L up to 1.4351 just above the
R2 (1.4340) for a secure 100 pips. Target
still @ R3 (1.4419).

Have a pending buy stop at 1.4335 for another
long just under the R2 (tight 15 pip S/L) for a
ride back up to above the R3 (1.4419) to 1.4435
for another 100 pips.

Then I'll look to short from above 1.4419 back
down with at tight S/L of 25 pips.

Dr. D.
  • #121,726
  • Feb 19, 2009 3:10am Feb 19, 2009 3:10am
bump and run formation, still in play better to wait the break of the almost vertical trendline
  • #121,727
  • Feb 19, 2009 3:11am Feb 19, 2009 3:11am
anyone else have 14438 as the 38.2% of the down move from just under 1.50?
  • #121,728
  • Feb 19, 2009 3:12am Feb 19, 2009 3:12am
1.4400 breached...

Shorts anyone?

btw.. is there any UK news coming? I heard there is some financial report coming or what.. and im not referring to the M3 M4 money supply report
  • #121,729
  • Feb 19, 2009 3:12am Feb 19, 2009 3:12am
R2 and a 38.2 for somewhat of a downmove now
  • #121,730
  • Feb 19, 2009 3:13am Feb 19, 2009 3:13am
Quoting wormboy
Alrite I have 4395 level to be breached for me to even begin to ponder the ifs. Till that happens, down periscope.
Here we go. The ifs. I can hear voices in my head now
Let's see how the hour close.
Thank You
  • #121,731
  • Feb 19, 2009 3:14am Feb 19, 2009 3:14am
Quoting wormboy
Here we go. The ifs. I can hear voices in my head now
lol!
  • #121,732
  • Feb 19, 2009 3:14am Feb 19, 2009 3:14am
Quoting cesarg
bump and run formation, still in play better to wait the break of the almost vertical trendline
this is not ordinary BULL,
His just drank RED BULL..very fierce and strong!
http://tbn1.google.com/images?q=tbn:...07/redbull.jpg

pop
{Promotion Removed}
  • #121,733
  • Feb 19, 2009 3:15am Feb 19, 2009 3:15am
Quoting ezodisy
anyone else have 14438 as the 38.2% of the down move from just under 1.50?
yeah i hv a fibo level around tht figure too.. looking to counter-scalp around tht figure.. let's see..
  • #121,734
  • Feb 19, 2009 3:16am Feb 19, 2009 3:16am
Quoting goodwings
A friend gave me this...
Sorry jeromi, stil trying to upload the file. But some1 has said it all . google it...incase uploading problem persist.
  • #121,735
  • Feb 19, 2009 3:17am Feb 19, 2009 3:17am
Quoting ezodisy
anyone else have 14438 as the 38.2% of the down move from just under 1.50?
Yep, hope we dont get there though
  • #121,736
  • Feb 19, 2009 3:19am Feb 19, 2009 3:19am
I short here 1.4397 - bearish engulfing candle made on M5 - below resistance R3
  • #121,737
  • Feb 19, 2009 3:19am Feb 19, 2009 3:19am
Quoting popisdead
this is not ordinary BULL,
His just drank RED BULL..very fierce and strong!
http://tbn1.google.com/images?q=tbn:...07/redbull.jpg

pop




But, my bull candles are blue, not red!!!!!
  • #121,738
  • Feb 19, 2009 3:19am Feb 19, 2009 3:19am
Quoting goodwings
Sorry jeromi, stil trying to upload the file. But some1 has said it all . google it...incase uploading problem persist.
ok..i'll google it..thnx
  • #121,739
  • Feb 19, 2009 3:26am Feb 19, 2009 3:26am
what are u all thinking now? still short or sl hit? please don't be quiet.
  • #121,740
  • Feb 19, 2009 3:27am Feb 19, 2009 3:27am
jack.canadia, I know you peek at the USDX charts, what's your take on them right now? GBPX appears to be at resistance, but USDX seems to want to go to the next resistance level.

Taking the GBP current resistance level, and the level I think USDX is travelling to, that puts a target of 1.440
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