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Cable Update (GBPUSD)

  • #123,041
  • Feb 24, 2009 5:51am Feb 24, 2009 5:51am
Quoting Abuawad
I'm Sorry there was an error with the table, i forget to update some fields after the video demo
So, Abuawad, do we short from 1.4455 this down trip or the next trip?
  • #123,042
  • Feb 24, 2009 5:58am Feb 24, 2009 5:58am
Quoting skerdi-meta
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
Yeah investors are also realising something about the improved Retails sales figures.
The only reason they have improved is because retailers are having to slash their prices dramatically. This is gonna hit their profit margins really really hard unless there is a genuine improvement in consumer convidence, which is highly unlikely as people are losing there homes and jobs at ever increasing rates over here. I would imagine that there will be lots of retail companies that can not keep these low prices and survive in the market. As a consumer its great Ive never seen so many bargains over here!
  • #123,043
  • Feb 24, 2009 6:04am Feb 24, 2009 6:04am
Quoting Komissar
Morning, Pipland
Similar picture in 1H. I want it down badly!
that makes you, me & pipland mate
When dragon falls, it'll take cable with it. Good luck to you mate
Thank You
  • #123,044
  • Feb 24, 2009 6:06am Feb 24, 2009 6:06am
Quoting wormboy
that makes you, me & pipland mate
When dragon falls, it'll take cable with it. Good luck to you mate
  • #123,045
  • Feb 24, 2009 6:07am Feb 24, 2009 6:07am
Quoting PipLand

Check out cable too its testing neckline, break damn it!!
She's testing that 38.2 fibs again. Pretty stubborn that. It's a freefall tho once it gives way.
Thank You
  • #123,046
  • Feb 24, 2009 6:16am Feb 24, 2009 6:16am
Quoting wormboy
She's testing that 38.2 fibs again. Pretty stubborn that. It's a freefall tho once it gives way.
Yeah the 1hr 62ema is providing some support at the moment. Once we get below 4430 we should have a clean run to 4320. I cant see this staying up personally.

And the pattern for reversal looks consistant with previous run ups to trendlines that cable has made.

Someone posted it last night 1-2-3 reversal pattern, im gonna find that post
  • #123,047
  • Feb 24, 2009 6:20am Feb 24, 2009 6:20am
Although there is no confirmed reversal on the 15 min chart - here's my trade for 1.49+.
Sl below the 1.4447 support zone.
Good luck to all of you.
Berbo count: 12 We'll Keep the Red Flags Flying High
  • #123,048
  • Feb 24, 2009 6:21am Feb 24, 2009 6:21am
I am hesitant to agree Pipland. £yen and £yen have just surged to new highs again. This spiky movement could go anywhere right now. Add the optimism in Equities opening higher and we may well see a bounce here.


Quoting PipLand
Yeah the 1hr 62ema is providing some support at the moment. Once we get below 4430 we should have a clean run to 4320. I cant see this staying up personally.

And the pattern for reversal looks consistant with previous run ups to trendlines that cable has made.

Someone posted it last night 1-2-3 reversal pattern, im gonna find that post
Ride the Bulls bearback!
  • #123,049
  • Feb 24, 2009 6:22am Feb 24, 2009 6:22am
yup. amazing cable's movement is atm parallel to the movement made by dragon and u/j. I think that break down won't be coming anytime soon since those 2 other pairs are still climbing.
Thank You
  • #123,050
  • Feb 24, 2009 6:28am Feb 24, 2009 6:28am
Quoting wormboy
yup. amazing cable's movement is atm parallel to the movement made by dragon and u/j. I think that break down won't be coming anytime soon since those 2 other pairs are still climbing.
Quoting alcando
I am hesitant to agree Pipland. £yen and £yen have just surged to new highs again. This spiky movement could go anywhere right now. Add the optimism in Equities opening higher and we may well see a bounce here.
I hear what your both saying. I believe the correlation is out the window. Yen is being dropped like a brick and unlike recent months when u/j went up and down with cable due to risk aversion the opposite will start happening in my opnion. What will people do when they dump their yen?? My view they have no choice now for the short term and thats stick it in dollars!

Just my 2 cents worth
  • #123,051
  • Feb 24, 2009 6:29am Feb 24, 2009 6:29am
Quoting PipLand
I hear what your both saying. I believe the correlation is out the window. Yen is being dropped like a brick and unlike recent months when u/j went up and down with cable due to risk aversion the opposite will start happening in my opnion. What will people do when they dump their yen?? My view they have no choice now for the short term and thats stick it in dollars!

Just my 2 cents worth
There prob stick it in gold and silver too but id imagine they would want some in currency at least
  • #123,052
  • Feb 24, 2009 6:31am Feb 24, 2009 6:31am
Quoting PipLand
There prob stick it in gold and silver too but id imagine they would want some in currency at least
My only regret is closing my u/J too early
  • #123,053
  • Feb 24, 2009 6:31am Feb 24, 2009 6:31am
there goes the 38.2. Lets go bungee jumping.
Thank You
  • #123,054
  • Feb 24, 2009 6:33am Feb 24, 2009 6:33am
Now, I am moving my sl to +50 Get in!!
Thank You
  • #123,055
  • Feb 24, 2009 6:35am Feb 24, 2009 6:35am
daang, i went out @ 35, should have waited, 65 pips though
  • #123,056
  • Feb 24, 2009 6:37am Feb 24, 2009 6:37am
Quoting wormboy
Now, I am moving my sl to +50 Get in!!
u think it'll go down further?
  • #123,057
  • Feb 24, 2009 6:39am Feb 24, 2009 6:39am
Wow it take 4 hours for the market to move out of the zone!!!!! This is an update of the exact same chart below.

http://i42.tinypic.com/eb9elz.jpg



Quoting SeaPip
I would agree. Market seemed to be hanging around PP, which mean indecision. If you are a scalper, then this is your time to shine. For others not so fainted heart, I would suggest to wait until price break out of the range 1.4575 for up and 1.4450 for down moves.

http://i41.tinypic.com/t7zrf5.jpg
  • #123,058
  • Feb 24, 2009 6:44am Feb 24, 2009 6:44am
mate, I've been calling it short since last week, I bloody hope so it goes down further. Anyway, depends on how this candle closes on the hourly. Its looking like it'll break the 60sma , 62ema & the 38.2 fibs. If it closes above these levels, my take is there's more ranging. If it doesn't, down periscope
Anyway, I can be wrong. But I hope not.
Good luck.
Thank You
  • #123,059
  • Feb 24, 2009 6:48am Feb 24, 2009 6:48am
Quoting wormboy
mate, I've been calling it short since last week, I bloody hope so it goes down further. Anyway, depends on how this candle closes on the hourly. Its looking like it'll break the 60sma , 62ema & the 38.2 fibs. If it closes above these levels, my take is there's more ranging. If it doesn't, down periscope
Anyway, I can be wrong. But I hope not.
Good luck.

cheers dude
u r def. british, where about do u live?
  • #123,060
  • Feb 24, 2009 6:48am Feb 24, 2009 6:48am
Flage pattern formed on the 1HR:

http://i40.tinypic.com/296g7l5.jpg




Quoting wormboy
mate, I've been calling it short since last week, I bloody hope so it goes down further. Anyway, depends on how this candle closes on the hourly. Its looking like it'll break the 60sma , 62ema & the 38.2 fibs. If it closes above these levels, my take is there's more ranging. If it doesn't, down periscope
Anyway, I can be wrong. But I hope not.
Good luck.
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