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Cable Update (GBPUSD)

  • #122,001
  • Feb 19, 2009 3:10pm Feb 19, 2009 3:10pm
1' : Looks bearish, ready to turn one way.
  • #122,002
  • Feb 19, 2009 3:36pm Feb 19, 2009 3:36pm
Quoting eohater
I'm starting to drool at the possiblities of today's daily close.
Yeah if it stays like this its looking nice for a short which could hopefully break 4050. My daily doesnt close for another 2.5 hrs so anything could happen until then, dont think i'll be awake though, so hopefully there will be a place for me onboard tomorrow
  • #122,003
  • Feb 19, 2009 3:49pm Feb 19, 2009 3:49pm
Quoting allserene
yes i reckon so too - Cramer was wrong calling a bottom a few weeks ago - and his top pick hewlett fell 8% today

good job my pension is in payment and guaranteed 100% by the UK govt

I feel sorry for the rest who havent realised yet what happens to annuity rates in a 0% interest environment - and thats worked on a fund thats down 50% anyway

I am 37% shares - lots of oil - and holding out for 6500 Dow before I go for it

cable is miles too high
As low as this and thats before the rate cuts

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  • #122,004
  • Feb 19, 2009 4:55pm Feb 19, 2009 4:55pm
..
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  • #122,005
  • Feb 19, 2009 4:57pm Feb 19, 2009 4:57pm
nice 1h bar, closing into 2 min here...
  • #122,006
  • Feb 19, 2009 5:09pm Feb 19, 2009 5:09pm
Quoting Chris_35
As low as this and thats before the rate cuts

Attachment
yes the outlook isnt bad it's aaarggghhhhh !!!!!!!!!!!!!!!!!!!

now the swiss currency is shot to death by the the US tax man's attack on account holders, euro is coming apart at the seams - or will do - and US/UK are going for funny money, where can i put my dosh ?


Into jars of branston pickle initially but then where ? treasuries are a bubble.

hum....

I know - oil and booze !
  • #122,007
  • Feb 19, 2009 5:16pm Feb 19, 2009 5:16pm
Happy Trading
Attached Images
Attached File(s)
File Type: txt abuawad_data.txt   < 1 KB | 273 downloads
File Type: txt abuawad_h4.txt   < 1 KB | 284 downloads
  • #122,008
  • Feb 19, 2009 5:18pm Feb 19, 2009 5:18pm
I don't know... but I still favour a long based on the daily.... I know the h4 looks like a h&s is forming but after zooming out and looking even at the daily.. it could be an inverted h&s. We also closed above the daily 5sma.. The daily is showing rejection at the highs though so it could drop.... also, we are below h4 5/10/50ema..

I have a small long running from the h1 50sma.... partial profit 4300 the rest is covered.. lets see how it goes...
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: h4.gif Size: 23 KB
Patience + Discipline - Greed = Success
  • #122,009
  • Feb 19, 2009 5:18pm Feb 19, 2009 5:18pm
im gonna try trading combining trendlines and support and resistance to see if i can get better results..
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  • #122,010
  • Feb 19, 2009 5:37pm Feb 19, 2009 5:37pm
Quoting nAVIN2007
..
looks like a case of Chinese chop sticks to me

See you paid a visit to Specsavers then nAV
  • #122,011
  • Feb 19, 2009 5:47pm Feb 19, 2009 5:47pm
Quoting Chris_35
looks like a case of Chinese chop sticks to me

See you paid a visit to Specsavers then nAV
More like the velour cat - when the humidity gets down to 15% , the static electricity makes it look like that

I don't like this in between stuff on the charts .... what happened to nice smooth trends with nice predictable retraces, where you could enter with the trend ?

These charts look like an epileptic sharing a bath with a 3 bar electric fire

I am going to wait until it looks semi predictable again - after the recession eh ?
  • #122,012
  • Feb 19, 2009 5:49pm Feb 19, 2009 5:49pm
Quoting allserene
yes the outlook isnt bad it's aaarggghhhhh !!!!!!!!!!!!!!!!!!!

now the swiss currency is shot to death by the the US tax man's attack on account holders, euro is coming apart at the seams - or will do - and US/UK are going for funny money, where can i put my dosh ?

Into jars of branston pickle initially but then where ? treasuries are a bubble.

hum....

I know - oil and booze !
A much better alternative would be to put it into both my mortgage accounts Oh sod it, I forgot that you are one of them there Yorkshiremen and me being a southener, nooooo chance then
  • #122,013
  • Feb 19, 2009 5:49pm Feb 19, 2009 5:49pm


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  • #122,014
  • Feb 19, 2009 5:54pm Feb 19, 2009 5:54pm
Quoting Chris_35
A much better alternative would be to put it into both my mortgage accounts Oh sod it, I forgot that you are one of them there Yorkshiremen and me being a southener, nooooo chance then
If tha does owt for nowt - do it for thasen !

in 1974 when inflation was going at 30%, I bought mini van loads of toilet rolls - superb investment - you are going to need em and they are a great inflation hedge... so you can use toilet rolls as a hedge - but never use a hedge as a toilet roll
  • #122,015
  • Feb 19, 2009 5:55pm Feb 19, 2009 5:55pm
Quoting Infinity
I don't know... but I still favour a long based on the daily.... I know the h4 looks like a h&s is forming but after zooming out and looking even at the daily.. it could be an inverted h&s. We also closed above the daily 5sma.. The daily is showing rejection at the highs though so it could drop.... also, we are below h4 5/10/50ema..

I have a small long running from the h1 50sma.... partial profit 4300 the rest is covered.. lets see how it goes...
Would like to agree with you if for no other reason then the fact that I am holding from 1.4265. I am now however "hoping" for support to be found on the 30 min fib @ 1.4254. I have no doubt that we are going to touch this line, and most likely cross, but will be looking for a direction change...if not, Tim(dirtyword)BERRRRRRRRRR!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #122,016
  • Feb 19, 2009 5:55pm Feb 19, 2009 5:55pm
Quoting Chris_35
Probably do what you not expect it to do
In this case probability was equal gambling.
No offense. Your shorted it 4385 at 7:50am, but at 9:00am you’ve been sweating out at 4450.
But anyway, the most important thing is result.
Congrats with your pips and good luck!
  • #122,017
  • Feb 19, 2009 5:59pm Feb 19, 2009 5:59pm
Quoting Abuawad
Happy Trading
Goood day Abuawad,

My first quote....
Your SL for entry is wrong typo...
Should be 1.4299, 1.4445, 1.4553
  • #122,018
  • Feb 19, 2009 6:22pm Feb 19, 2009 6:22pm
Quoting Chris_35
looks like a case of Chinese chop sticks to me

See you paid a visit to Specsavers then nAV
it does look hectic huh
  • #122,019
  • Feb 19, 2009 6:31pm Feb 19, 2009 6:31pm
Quick 2x10 pip score and going to hold my original...I dont like the close of the last 4 hr, but with a 5 min chart looking not terrible for improvement, will see what happens over the hour...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #122,020
  • Feb 19, 2009 6:45pm Feb 19, 2009 6:45pm
Quoting Magix
Quick 2x10 pip score and going to hold my original...I dont like the close of the last 4 hr, but with a 5 min chart looking not terrible for improvement, will see what happens over the hour...
I think we're in for a bear day.
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