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Cable Update (GBPUSD)

  • #124,641
  • Mar 4, 2009 4:37am Mar 4, 2009 4:37am
Until there's an hourly close over 14150 this is a short on rallies IMHO. Beauty R:R up here.
"Timing Is Everything. Really I Swear It Is"
  • #124,642
  • Mar 4, 2009 4:38am Mar 4, 2009 4:38am
I'm not going to take the 1st buy till to see what will happen with the RED line here...
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  • #124,643
  • Mar 4, 2009 4:42am Mar 4, 2009 4:42am
Quoting Abuawad
I'm not going to take the 1st buy till to see what will happen with the RED line here...
so we gonna wait until the TL break, which TF will you look for the break out?
  • #124,644
  • Mar 4, 2009 4:45am Mar 4, 2009 4:45am
Quoting fx88
so we gonna wait until the TL break, which TF will you look for the break out?
I'll start thinking about it if 1H close above the RED line else that i'm out
  • #124,645
  • Mar 4, 2009 4:47am Mar 4, 2009 4:47am
Quoting Abuawad
I'm not going to take the 1st buy till to see what will happen with the RED line here...
That can quite easily turn into a descending triangle, with tighter price action, with a break down.
Probability Professor
  • #124,646
  • Mar 4, 2009 4:51am Mar 4, 2009 4:51am
Above 1.4150s will see 1.43 again but currently that would be it. Above 1.43 levels, 1.47 is target.

Currently holding short till 1.4150s; target is 1.35 and lower.
  • #124,647
  • Mar 4, 2009 5:29am Mar 4, 2009 5:29am
Guess the pmi data was just a sideshow lol. I'm off for dinner. Be back later for the main event. Trade safe guys. Good luck
Thank You
  • #124,648
  • Mar 4, 2009 5:42am Mar 4, 2009 5:42am
maybe testing 4h 62ema. Daily gann in same area..
  • #124,649
  • Mar 4, 2009 5:47am Mar 4, 2009 5:47am
hi peeps good morning .........
I have a long from 1.3990 ................moved the stop loss up to 1.4060 as you guys want to short this thing.............I still think this is heading to 1.43 area then maybe I will short .............

happy piping
BANDA333
  • #124,650
  • Mar 4, 2009 5:47am Mar 4, 2009 5:47am
few times already to pass 1.4110...
  • #124,651
  • Mar 4, 2009 5:48am Mar 4, 2009 5:48am
Price reversal levels (support and resistance), and short term trend line on the one hour. Descending triangle. Price at this moment is around that area.

The US news will be important. If it is better than forecasted, then there will be fresh pressure bearing down on the GBP.

Revised Nonfarm Productivity q/q
Unemployment Claims
News released in 1 hour 42 minutes
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Probability Professor
  • #124,652
  • Mar 4, 2009 5:50am Mar 4, 2009 5:50am
Morning, everybody.
Just want to add my 2 pebbles to the Big pond of Doubts.
If 1H to close near 4125, I would short it.
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  • #124,653
  • Mar 4, 2009 5:53am Mar 4, 2009 5:53am
Quoting Komissar
Morning, everybody.
Just want to add my 2 pebbles to the Big pond of Doubts.
If 1H to close near 4125, I would short it.
A lot of people will be looking at this intraday short term trend line. But still, a piercing means jack.
Probability Professor
  • #124,654
  • Mar 4, 2009 6:05am Mar 4, 2009 6:05am
There is a pin in 1H.
Short it at 4080. Let's see.
  • #124,655
  • Mar 4, 2009 6:08am Mar 4, 2009 6:08am
Quoting Abuawad
I'm not going to take the 1st buy till to see what will happen with the RED line here...
Hi Abuawad,if i may i would like to ask is that a fib fan,and what is your starting value for the fib fan?
  • #124,656
  • Mar 4, 2009 6:08am Mar 4, 2009 6:08am
Quoting Komissar
There is a pin in 1H.
Short it at 4080. Let's see.
I am with you !
  • #124,657
  • Mar 4, 2009 6:17am Mar 4, 2009 6:17am
Quoting Komissar
There is a pin in 1H.
Short it at 4080. Let's see.
yup
The nicest thing about the future is that it always starts tomorrow.
  • #124,658
  • Mar 4, 2009 6:21am Mar 4, 2009 6:21am
Quoting Komissar
There is a pin in 1H.
Short it at 4080. Let's see.
What is ure SL?
  • #124,659
  • Mar 4, 2009 6:25am Mar 4, 2009 6:25am
I dont understand how you can gamble before news coming out there is no clear direction right now
Trade less make more!
  • #124,660
  • Mar 4, 2009 6:31am Mar 4, 2009 6:31am
The idiom: support has become resistance.
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Probability Professor
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