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Cable Update (GBPUSD)

  • #123,421
  • Feb 25, 2009 10:41am Feb 25, 2009 10:41am
Quoting Infinity
Thanks bro!!

We need to get above the 10ema and the blue trendline on m15 to confirm that we could see higher levels.. however today's close will be very crucial... if we close below the lower line on the daily... we should get some nice shorts...
Agreed, I got in with half my position at 4255. We'll see how she works out. I agree with you, we need to get above the 15m 10 and your blue trendline. Otherwise, we'll have nice shorts.
Just digging in the trenches like everyone else!
  • #123,422
  • Feb 25, 2009 10:43am Feb 25, 2009 10:43am
For those on the long side of this, I think we're going to like this 15m close. Let's see if this sends her upward.
Just digging in the trenches like everyone else!
  • #123,423
  • Feb 25, 2009 10:48am Feb 25, 2009 10:48am
Quoting eohater
For those on the long side of this, I think we're going to like this 15m close. Let's see if this sends her upward.
A close above 1.4290 would really make me feel good
Please ask questions and share your experiences with us all!
  • #123,424
  • Feb 25, 2009 10:59am Feb 25, 2009 10:59am
Quoting bkg102665
A close above 1.4290 would really make me feel good
Agreed!!
Just digging in the trenches like everyone else!
  • #123,425
  • Feb 25, 2009 11:07am Feb 25, 2009 11:07am
Hey Folks
How are you all? Do you guys have a gap in GBP/USD around 1.4160-1.4180? My charts shows a gap .........maybe this will go and fill the gap .......before it could mount a up thrust........ as tomorrow U.K bank related news will not be GBP positive ...........in my opinion it will test 1.4150 atleast before moving up.....You input in this reagrd will be highly appreciated.......

Happy piping

p.s trying to recover from a big lose in GBP/JPY .......
BANDA333
  • #123,426
  • Feb 25, 2009 11:32am Feb 25, 2009 11:32am
Hi all!

I haven't been on forum last days because forum distract me while trading but here my last analysis over GPB/USD.

If some remember me, i like harmonic pattern, well, here we have a perfect bat pattern.

Have a look:
http://www.harmonictrader.com/batbullre.jpg
Any pattern can extend but we are preatty much into a potential reversal zone = PRZ.
Price will more likely go back at 38.2 of last move witch push us at 1.4375 or 786 = 1.4524 witch i doubt alot!
Downtrend resume should start at those point.

-------------------

We got also one going on over the daily, witch lead us around 1.3852
Attached Image (click to enlarge)
Click to Enlarge Name: bat gbpusd 25-2-08.jpg Size: 103 KB
  • #123,427
  • Feb 25, 2009 11:38am Feb 25, 2009 11:38am
Quoting Inzider
Hi all!

I haven't been on forum last days because forum distract me while trading but here my last analysis over GPB/USD.

If some remember me, i like harmonic pattern, well, here we have a perfect bat pattern.

Have a look:
http://www.harmonictrader.com/batbullre.jpg
Any pattern can extend but we are preatty much into a potential reversal zone = PRZ.
Price will more likely go back at 38.2 of last move witch push us at 1.4375 or 786 = 1.4524 witch i doubt alot!
Downtrend resume should start at those point.
I think so, too.
  • #123,428
  • Feb 25, 2009 11:45am Feb 25, 2009 11:45am
what the hell is going???
who's speaking now?
support pound now!
ROBOT FOREX
  • #123,429
  • Feb 25, 2009 11:46am Feb 25, 2009 11:46am
Should be a lesson for those trying to call a bottom...........BAD TRADING!!
  • #123,430
  • Feb 25, 2009 11:47am Feb 25, 2009 11:47am
warned you about the rsi. There should be a retracement after this.
Thank You
  • #123,431
  • Feb 25, 2009 11:47am Feb 25, 2009 11:47am
Quoting AmeriTrini
Should be a lesson for those trying to call a bottom...........BAD TRADING!!
don't worry
will be a nice back up now
ROBOT FOREX
  • #123,432
  • Feb 25, 2009 11:49am Feb 25, 2009 11:49am
BOE's Blanchflower says recession may be longer than earlier downturns; UK may need big fiscal stimulus aimed at jobs - DJ
  • #123,433
  • Feb 25, 2009 11:49am Feb 25, 2009 11:49am
Quoting Forbes55
don't worry
will be a nice back up now

Why do you think I'm worried? I have a short position.
  • #123,434
  • Feb 25, 2009 11:53am Feb 25, 2009 11:53am
LOL, i hope nobody take anybody on words here, because that would be bad trading... also!
------------

Keep in mind that we have a major gartley pattern over daily............
Attached Image
  • #123,435
  • Feb 25, 2009 11:54am Feb 25, 2009 11:54am
Quoting AmeriTrini
Should be a lesson for those trying to call a bottom...........BAD TRADING!!
Who was calling a bottom?... we bought a solid support area and got pips (over 80 in total to the long side) .. I was short from earlier and got very nice pips and I got some nice ones to the long side as well.. I did not lose on any of my long trades either... so call it what you will...

Everyone has their own style, remember that!
Patience + Discipline - Greed = Success
  • #123,436
  • Feb 25, 2009 11:56am Feb 25, 2009 11:56am
sl moved +200 @4350.
One more push please bears
Thank You
  • #123,437
  • Feb 25, 2009 11:56am Feb 25, 2009 11:56am
Quoting kalparker
BOE's Blanchflower says recession may be longer than earlier downturns; UK may need big fiscal stimulus aimed at jobs - DJ
Whered you get that news from ? (If I may ask ? )

Booooooo ! Exited my short at 1.4300, booooo ! back up for a retrace and for justice I say !
  • #123,438
  • Feb 25, 2009 11:57am Feb 25, 2009 11:57am
he-he I only short it this damn thing eurgbp and looking for bying GU
just missed nice buy GU from low
ROBOT FOREX
  • #123,439
  • Feb 25, 2009 12:05pm Feb 25, 2009 12:05pm
Why GBP/USD negative today? maybe pairs which have positive correlation with GBP/USD such as GBP/JPY(79%),GBP/CHF(63.5%)USD/JPY(53%) all in red side and fenfamentals not in favour of GBP , and there is a gap to me filled around 1.4150(in my charts) ...........yesterday they hunted enough stops now they are going to otherside..........Week ago they were telling U.K was doing good...........today the story is different.....This is how these market manipulators work in my opinion............lol ..........play safe guys.......

Recently only I heard one of the major movers of this pair is EU/GBP which has 86.6 negative correlation.
BANDA333
  • #123,440
  • Feb 25, 2009 12:07pm Feb 25, 2009 12:07pm
Hey Buddy ........ you know how to play this game.......well done



Quoting wormboy
sl moved +200 @4350.
One more push please bears
BANDA333
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