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Cable Update (GBPUSD)

  • #123,021
  • Feb 24, 2009 5:52am Feb 24, 2009 5:52am
Quoting nAVIN2007
bullish wedge i think ...
quite a long pole if it is one
I think so too ,not about wedge because I have my own system ,but I think cable will be bullish.I am not in any hurry to buy ,will wait for the right levels
  • #123,022
  • Feb 24, 2009 5:58am Feb 24, 2009 5:58am
Quoting tiagor
I wouldn't be surprised if we will be on this trading range all day, testing and shaking out in preparation for a drop tomorrow.
If you want some day trading action wait til 15:00 this afternoon. Fed Chairman + CB Consumer confidence USD
  • #123,023
  • Feb 24, 2009 5:59am Feb 24, 2009 5:59am
MOrning everyone, cables trendline looks more like a neckline to me at the moment on the 15min and with the last hourly candle shaping up we could be in for a break of the neckline
  • #123,024
  • Edited 6:13am Feb 24, 2009 6:02am | Edited 6:13am
Quoting tiagor
Short @1,45433
SL 1,4561
Moved stop to BE

UPDATE: closed at 1,4535
  • #123,025
  • Feb 24, 2009 6:09am Feb 24, 2009 6:09am
Too bad for me I don't scalp. Loads of pips could've been made since last week *doh!*
Thank You
  • #123,026
  • Feb 24, 2009 6:09am Feb 24, 2009 6:09am
Quoting thirtypips
Yes, Short at 1.4557
Just closed my SELL @ 1.4525 with 32 pips,.
  • #123,027
  • Feb 24, 2009 6:15am Feb 24, 2009 6:15am
i am still bullish with that pennant on the 4h. no position just now however
  • #123,028
  • Feb 24, 2009 6:28am Feb 24, 2009 6:28am
Quoting sofia101
I think so too ,not about wedge because I have my own system ,but I think cable will be bullish.I am not in any hurry to buy ,will wait for the right levels
yes i not sure if its a wedge either but price is definately trending up..at least for now
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  • #123,029
  • Feb 24, 2009 6:31am Feb 24, 2009 6:31am
slightly differnt way to see the same thing..man i hate trendlines, need nothing more to confuse me
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  • #123,030
  • Feb 24, 2009 6:49am Feb 24, 2009 6:49am
HS?? any opinions??
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  • #123,031
  • Feb 24, 2009 6:57am Feb 24, 2009 6:57am
good morning everyone,

yesterday i went to bed thinking that my SL (4590) would be triggered; the price was at 4560... .to my surprise it didnt
so im still short for tp of 4410
  • #123,032
  • Feb 24, 2009 7:00am Feb 24, 2009 7:00am
Quoting PipLand
HS?? any opinions??
Morning, Pipland
Similar picture in 1H. I want it down badly!
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  • #123,033
  • Feb 24, 2009 7:02am Feb 24, 2009 7:02am
...
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  • #123,034
  • Feb 24, 2009 7:03am Feb 24, 2009 7:03am
don't forget the 4h pennant
  • #123,035
  • Feb 24, 2009 7:12am Feb 24, 2009 7:12am
Quoting Komissar
Morning, Pipland
Similar picture in 1H. I want it down badly!
Your wish come true!
  • #123,036
  • Feb 24, 2009 7:18am Feb 24, 2009 7:18am
hey PIPLAND

are they still doing new series of family guy? They're f***ing hilarious dude
  • #123,037
  • Feb 24, 2009 7:30am Feb 24, 2009 7:30am
Quoting skerdi-meta
hey PIPLAND

are they still doing new series of family guy? They're f***ing hilarious dude

HI Skerdi,

Yeah there well funny! I think the latest series is Series 7 I download them, I would wait forever for them to be released over here!

If you like them check out "American Dad" that cracks me up too, made by the same guy!

Check out cable too its testing neckline, break damn it!!
  • #123,038
  • Feb 24, 2009 7:32am Feb 24, 2009 7:32am
Quoting Komissar
Morning, Pipland
Similar picture in 1H. I want it down badly!
I think it will up
  • #123,039
  • Feb 24, 2009 7:33am Feb 24, 2009 7:33am
is not a head and shoulders, but could be a "bump and run" which is reversal formation too.

in the first step, move fastlly up, and make HH, then can't keep, and continues making LH slowly, till definitively fall under the original trendline.
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  • #123,040
  • Feb 24, 2009 7:42am Feb 24, 2009 7:42am
yeah, I been watchin US dad too, that seth macfarlane got some wicked sense of humor, the cable looks bearish, but its not breaking the neckline.

I think it will eventually go down 2day, Probably after the Us data comes out. the UK data came out better than expected and that didnt drive the gbp up, investors i think are sceptical about the uk near future
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