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Cable Update (GBPUSD)

  • #124,741
  • Mar 4, 2009 11:33am Mar 4, 2009 11:33am
Weatherman forecast on cable...

Sunny with chances of rain...

Or

Wear pants until its time to put on your shorts
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #124,742
  • Mar 4, 2009 11:40am Mar 4, 2009 11:40am
Hopfully cable will run out of juice ......
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #124,743
  • Mar 4, 2009 11:53am Mar 4, 2009 11:53am
Quoting Bull_Bear
Hopfully cable will run out of juice ......
Dow is sliding... cable losing confidence
  • #124,744
  • Mar 4, 2009 11:59am Mar 4, 2009 11:59am
quick pips like mcdonalds, fast and tasty but damaging your health
  • #124,745
  • Mar 4, 2009 12:04pm Mar 4, 2009 12:04pm
A little stall on the 8Ma hourly, with shorter buy cycles, and a toppyish looking chart, I think Ima gunna still ride the short train for a while.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #124,746
  • Mar 4, 2009 12:05pm Mar 4, 2009 12:05pm
Will be any serious effect of Beige Book an hour later for cable?
  • #124,747
  • Mar 4, 2009 12:11pm Mar 4, 2009 12:11pm
I will be looking for longs on way back up if we fall to area in green on hourly chart...
Attached Image (click to enlarge)
Click to Enlarge Name: gull.JPG Size: 65 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #124,748
  • Mar 4, 2009 12:17pm Mar 4, 2009 12:17pm
Quoting Magix
I will be looking for longs on way back up if we fall to area in green on hourly chart...
and i think you're right. 4h 5sma is about on 4080. if we get there might be good for longs, but this one also needs a confirmation on smaller TF's
  • #124,749
  • Mar 4, 2009 12:52pm Mar 4, 2009 12:52pm
Im thinking about 15 mins for the next surge down n time to go long...

Long range in site
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #124,750
  • Mar 4, 2009 12:56pm Mar 4, 2009 12:56pm
Quoting wormboy
4150 is the key level. that's the only level you should be looking at. 4110 etc etc are irrelevant. Pick an entry short close to this level offers you superb risk reward. And she has to close below 3900 for a further drop.
Just a thought.
Thats good analysis
  • #124,751
  • Mar 4, 2009 1:05pm Mar 4, 2009 1:05pm
Thanks. The 3900 level had been explained btw. Hope that helps.
Thank You
  • #124,752
  • Mar 4, 2009 1:15pm Mar 4, 2009 1:15pm
w0w,never saw that coming...

Double tap on ceiling for EJ...for those of you watching...took a little short here myself

PShhhhhh
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #124,753
  • Mar 4, 2009 1:16pm Mar 4, 2009 1:16pm
Quoting Magix
w0w,never saw that coming...

Double tap on ceiling for EJ...for those of you watching...took a little short here myself
up and own like a bride's nighty
  • #124,754
  • Mar 4, 2009 1:20pm Mar 4, 2009 1:20pm
Quoting wormboy
Thanks. The 3900 level had been explained btw. Hope that helps.
It does, thanks
  • #124,755
  • Mar 4, 2009 1:22pm Mar 4, 2009 1:22pm
Left the long side GU, watching for shorts again....
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #124,756
  • Mar 4, 2009 1:45pm Mar 4, 2009 1:45pm
with a price action like this (we are still in that nice uptrend channel)
next stop 42.. see you guys there
  • #124,757
  • Mar 4, 2009 1:57pm Mar 4, 2009 1:57pm
Check out the 5 minute chart. Could you say that was a pin bar candle the one which spiked just above 1.4156? The Bullish candle.
"The trend is your friend, until the end."
  • #124,758
  • Mar 4, 2009 2:03pm Mar 4, 2009 2:03pm
Just joined the short side again....dip below 8Ma 5 min chart, will be adding
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #124,759
  • Mar 4, 2009 2:05pm Mar 4, 2009 2:05pm
Quoting ForexRookie
Check out the 5 minute chart. Could you say that was a pin bar candle the one which spiked just above 1.4156? The Bullish candle.
i wouldnt be looking that much to that 5m candle, but yes PA is bullish i'm expecting new highs for today - 42XX. but it's not a trade call though
  • #124,760
  • Mar 4, 2009 2:08pm Mar 4, 2009 2:08pm
Quoting Magix
Just joined the short side again....dip below 8Ma 5 min chart, will be adding
It's good to know i have an allie in the short army. I have entry at 1.4160. How about you?
"The trend is your friend, until the end."
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