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Cable Update (GBPUSD)

  • #123,181
  • Feb 24, 2009 5:19pm Feb 24, 2009 5:19pm
Quoting crabcake
Are you sure if the data in the table correct? Seems weird. LOL
I think the sells should be buys and the buys should be sells plus the wrong numbers on the stop loss 1.4? digit, they are off by one number I think
Please ask questions and share your experiences with us all!
  • #123,182
  • Feb 24, 2009 5:23pm Feb 24, 2009 5:23pm
i dont know whats happening here but this is what im thinking.....

any1 thinking same or something similiar?
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  • #123,183
  • Feb 24, 2009 5:33pm Feb 24, 2009 5:33pm
Quoting Abuawad
Happy Trading
Always thankful for Abuawad's work....but the text info. today seems incorrect...buy vs. sell and SL numbers....just a note...
  • #123,184
  • Feb 24, 2009 5:37pm Feb 24, 2009 5:37pm
Long GU at 4524, holding for 4550. Hope it rips north! Best wishes to everyone here...

  • #123,185
  • Feb 24, 2009 5:47pm Feb 24, 2009 5:47pm
Quoting nAVIN2007
i dont know whats happening here but this is what im thinking.....

any1 thinking same or something similiar?
Hey Navin, I have that channel too, I dont think it will hold though
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  • #123,186
  • Feb 24, 2009 5:48pm Feb 24, 2009 5:48pm
Quoting Abuawad
Happy Trading

hello my friend

i think there something wrong in your sell entry
  • #123,187
  • Feb 24, 2009 6:14pm Feb 24, 2009 6:14pm
loads of volatility today

1 hour gu .. breaking the flag I have mentioned yesterday ... now does it have the juice to push up and test recent highs ? If this is a true flag we should move about 500 - 600 pips up as the flag pole was 500 pips long. (assuming symmetry of moves holds)

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Blogging daily now at www.volume.zone
  • #123,188
  • Edited 6:39pm Feb 24, 2009 6:24pm | Edited 6:39pm
Quoting malcolmb14
loads of volatility today

1 hour gu .. breaking the flag I have mentioned yesterday ... now does it have the juice to push up and test recent highs ? If this is a true flag we should move about 500 - 600 pips up as the flag pole was 500 pips long. (assuming symmetry of moves holds)

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Just get out of my works.
So, what is the entry area for this long, malcolmb14 ?
  • #123,189
  • Feb 24, 2009 6:30pm Feb 24, 2009 6:30pm
Sophia, Infinity....nice trade last nite around this time
  • #123,190
  • Feb 24, 2009 6:31pm Feb 24, 2009 6:31pm
Here's the DJIA as of close today. 3 waves of bullish divergence are near complete.

Similar is seen in the dollar index.
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  • #123,191
  • Feb 24, 2009 6:42pm Feb 24, 2009 6:42pm
My charts still look bearish. didn't make any pips this morning because of much lower tp. Today I'll put orders to take profits partially.
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  • #123,192
  • Feb 24, 2009 7:35pm Feb 24, 2009 7:35pm
My TP is near the upper TL 1.4700 zone.


I feel the fundamental for the GU at 4:30am will bring it down to the lower TL near the 1.4250 zone


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  • #123,193
  • Feb 24, 2009 7:54pm Feb 24, 2009 7:54pm
Quoting rgitt05
My TP is near the upper TL 1.4700 zone.


I feel the fundamental for the GU at 4:30am will bring it down to the lower TL near the 1.4250 zone


u mean we may short up to 1.4250 area
  • #123,194
  • Feb 24, 2009 8:00pm Feb 24, 2009 8:00pm
To clarify.. I mean TP(long) at 1.4700 zone and than short at 1.4700 if the the upper TL holds probably the PA falls at 4:30am news will bring the price down to the lower TL...

IMHO




Quoting amar747
u mean we may short up to 1.4250 area
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  • #123,195
  • Feb 24, 2009 8:10pm Feb 24, 2009 8:10pm
we've been experiencing very entertaining three hours of cable movement. My emotions can't stand such a volatile activity. So green pips to everyone, see you at London opening.
  • #123,196
  • Feb 24, 2009 8:23pm Feb 24, 2009 8:23pm
Ain't we supposed to be mindful of 1.4568? Fib level and Resistance 1 level too. It was a strong resistance level yesterday so any long trade I am doing now will only be short scalps until I see a breakout of the level.

I don't think the volume of Sydney and Tokyo will break it so I cross my fingers until Europe and London open.
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Trading Just Got Easier...
  • #123,197
  • Feb 24, 2009 8:44pm Feb 24, 2009 8:44pm
After carefully studying EURUSD and USDCHF, I think we are going down on GBPUSD because EU is directly against the upper channel, USDCHF against lower channel and GU against strong Resistance and Fibo level 50.0.

I await confirmation of trend to enter any trade.
Trading Just Got Easier...
  • #123,198
  • Feb 24, 2009 8:52pm Feb 24, 2009 8:52pm
Trendline still bearish from 24hour ago
Strong resistance level yesterday between 1.4560 (HLCC) -14577 (fibo)

if She passed this level, she will North Till 1.4625 - 1.4643
if not she will South till 1.4394...

waiting for London Session..

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it's just my opinion. don't follow me!
  • #123,199
  • Feb 24, 2009 8:57pm Feb 24, 2009 8:57pm
ONLY DOWN WAY
ROBOT FOREX
  • #123,200
  • Feb 24, 2009 9:14pm Feb 24, 2009 9:14pm
I want to post what I am looking at ,and as you can see for now I think the top is 1.4650 or so ,let's see if it will work out
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