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Cable Update (GBPUSD)

  • #122,941
  • Feb 24, 2009 12:00am Feb 24, 2009 12:00am
Quoting trader8686
Dear Abuawad.
Great sharing, and I did browsed your videos.
My suggestion is, make an entry call here in the table you provide.
So that we may learn how to read your valuable data here.


BTW, your video is not clear to watch, you my need to move camera closer to the chart.
Hi,
its Bulent's Screen Recorder 4 application. but you can watch the videos in full screen and it will be clear for you.
  • #122,942
  • Feb 24, 2009 12:08am Feb 24, 2009 12:08am
Quoting Abuawad
Hi,
its Bulent's Screen Recorder 4 application. but you can watch the videos in full screen and it will be clear for you.
I will give it a try, again.

Now let me ask you a practical question here:
Let's take 1.4595 as an example, it is a short entry in your table.
So, it is the price I open on its way down, and not up.

Here is the key point: how do I know this price on its uptrend or downtrend ?
  • #122,943
  • Feb 24, 2009 12:23am Feb 24, 2009 12:23am
looks like its going up to 4600 level again
Thank You
  • #122,944
  • Feb 24, 2009 12:27am Feb 24, 2009 12:27am
well a nice little bounce in Asia,,gj moved 250 pips in Asia ... what is going on with these markets ? there seems to be so much manipulation

here is 30 min chart ..we seem to be in a channel now and if you look carefully at your mt4 charts on 30 min we are getting a rounded top form for the last 3 hours. This shows up well in the rsx. This indicates there may be a possible downward movement in the near future

this does still look flag like to me and i think i will have that date with 1,4800 later this week.


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  • #122,945
  • Feb 24, 2009 12:39am Feb 24, 2009 12:39am
Quoting malcolmb14
well a nice little bounce in Asia,,gj moved 250 pips in Asia ... what is going on with these markets ? there seems to be so much manipulation

here is 30 min chart ..we seem to be in a channel now and if you look carefully at your mt4 charts on 30 min we are getting a rounded top form for the last 3 hours. This shows up well in the rsx. This indicates there may be a possible downward movement in the near future

this does still look flag like to me and i think i will have that date with 1,4800 later this week.


Attachment
Hi M. The more I look at 4H chart the more I favor down move too, but limited about 1.4380 and then will see
  • #122,946
  • Feb 24, 2009 12:45am Feb 24, 2009 12:45am
Quoting sofia101
Hi M. The more I look at 4H chart the more I favor down move too, but limited about 1.4380 and then will see
I need to add if it will break 1.4640 I will go long
  • #122,947
  • Feb 24, 2009 12:55am Feb 24, 2009 12:55am
Quoting trader8686
I will give it a try, again.

Now let me ask you a practical question here:
Let's take 1.4595 as an example, it is a short entry in your table.
So, it is the price I open on its way down, and not up.

Here is the key point: how do I know this price on its uptrend or downtrend ?
OK, thats the question i like

If the 1H candle close above (1) and new candle open above it that’s mean it will go up
If the 1H candle close below (2) and new candle open below it that’s mean it will go down
Your key level 1.4995 nothing but a resistant area will be tested but it’s not the key for confirmation on the trend, because the near fibo van level (1).
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  • #122,948
  • Feb 24, 2009 12:57am Feb 24, 2009 12:57am
Dear Abu...good morning

I came in a little bit lat..is your 2nd entry still valid,or do i have to wait...?
  • #122,949
  • Feb 24, 2009 1:03am Feb 24, 2009 1:03am
Quoting Forbes55
according to your chart we may sell it for 100-150 pips down
1-2-3 reversal underway
  • #122,950
  • Feb 24, 2009 1:06am Feb 24, 2009 1:06am
that is a nice drop. Testing the 38.2 fibs again which she failed to break yesterday. I hope she runs this barrier down today, my trade will go nowhere if she fails again!
Thank You
  • #122,951
  • Feb 24, 2009 1:13am Feb 24, 2009 1:13am
Quoting wormboy
that is a nice drop. Testing the 38.2 fibs again which she failed to break yesterday. I hope she runs this barrier down today, my trade will go nowhere if she fails again!
wow..what was this drop all about...? strangest thing ever...no other indicators..unless institutions dumping monies]
  • #122,952
  • Feb 24, 2009 1:17am Feb 24, 2009 1:17am
sofia.....is 1.4380 your entry for a sell....what your t/p.......thanks!!
  • #122,953
  • Feb 24, 2009 1:23am Feb 24, 2009 1:23am
There has been a large selloff of the "safe haven" Yen this week and the price is forecast to move even further North over the coming days. I am finding that the GBYJPY is respecting the fibs very well but it is totally messing cable around as the USDJPY is gaining on the Yen simultaneously. Is anyone else watching this effect? I am finding cable very difficult to predict with this Yen fall going on.

Quoting JammerJams
wow..what was this drop all about...? strangest thing ever...no other indicators..unless institutions dumping monies]
Ride the Bulls bearback!
  • #122,954
  • Feb 24, 2009 1:25am Feb 24, 2009 1:25am
Quoting pipchaser1
sofia.....is 1.4380 your entry for a sell....what your t/p.......thanks!!
I said lets watch if it will get there didn't say sell yet
  • #122,955
  • Feb 24, 2009 1:29am Feb 24, 2009 1:29am
Quoting sofia101
I said lets watch if it will get there didn't say sell yet
Don't hurry up it's getting dangerous don't want to steer anybody wrong way.Make sure you make your own analyses,please
  • #122,956
  • Feb 24, 2009 1:30am Feb 24, 2009 1:30am
sofia......thanks for heads up....
  • #122,957
  • Feb 24, 2009 1:30am Feb 24, 2009 1:30am
Many people have Long short-term attidude(what a tricky play of words), but I personally think that we are heading south shortly. Right now we are deep into ichi cloud resistance area which holded nicely before. Plus we have RL at 1.4660 as well as 61.8 fib level at 1.4650. I went short at 1.4545 with sl @ 1.4700.
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  • #122,958
  • Feb 24, 2009 1:34am Feb 24, 2009 1:34am
Prepare for another drop before UK session
  • #122,959
  • Feb 24, 2009 1:36am Feb 24, 2009 1:36am
Quoting laromanell
Many people have Long short-term attidude(what a tricky play of words), but I personally think that we are heading south shortly. Right now we are deep into ichi cloud resistance area which holded nicely before. Plus we have RL at 1.4660 as well as 61.8 fib level at 1.4650. I went short at 1.4545 with sl @ 1.4700.
We will go south if we break 1.4380-90 support
  • #122,960
  • Feb 24, 2009 1:37am Feb 24, 2009 1:37am
I have also been watching the GBPJPY and YES, it has been messing up the GBP. Also, the sell off of the EURGBP has also been pushing the GBPUSD higher.

With the GBPJPY at 1.3828, there might be a SELL off there soon as it is at a 2wk High or there abouts, then allowing the GBPUSD to drop again.
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