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Cable Update (GBPUSD)

  • #125,501
  • Mar 9, 2009 3:30am Mar 9, 2009 3:30am
manize : you're welcome my friend

alfa : my weekend was good. Hope yours was better

Good luck with your trades guys.
Thank You
  • #125,502
  • Mar 9, 2009 3:43am Mar 9, 2009 3:43am
We're at an interesting level early in the week! Testing this level early should mean some movement in one direction or the other this week, thank god.

Tonight will either test and rebound or head to new lows. I'm thinking the later. Let's watch and see.
The trend is not your friend, it's your master.
  • #125,503
  • Mar 9, 2009 3:51am Mar 9, 2009 3:51am
MT4 fibo fan (.236,.264,.736,.764, +-0,1,2;.618):
2009.3.6 10:25 1.419966
2009.3.6 13:58 1.416768
  • #125,504
  • Edited 4:24am Mar 9, 2009 3:52am | Edited 4:24am
Possible double bottom forming @ 1.3956 1H chart, think Ill sit out and see how this pans out,then Long if it closes @ that level .
  • #125,505
  • Mar 9, 2009 3:54am Mar 9, 2009 3:54am
i m surprise no GU events today i went for long 2 hours ago and now it is in -100 opps let see what happens in next few hours...guys any idea what to do now wait or close it??thanks in advance...

Ub
  • #125,506
  • Mar 9, 2009 4:03am Mar 9, 2009 4:03am
Quoting ubaidahsan
i m surprise no GU events today i went for long 2 hours ago and now it is in -100 opps let see what happens in next few hours...guys any idea what to do now wait or close it??thanks in advance...

Ub
If it closes below 1.3954 it could go south to the 1.3800 zone as that's where the next support is according to my charts.
  • #125,507
  • Mar 9, 2009 4:06am Mar 9, 2009 4:06am
Morning guys hope everyone had a good weekend I was thinking about shorting this last night wish i did now but i was too tired to makea rational decision. I think todays the day we finally break support and test the lows once again
  • #125,508
  • Mar 9, 2009 4:09am Mar 9, 2009 4:09am
Quoting ubaidahsan
i m surprise no GU events today i went for long 2 hours ago and now it is in -100 opps let see what happens in next few hours...guys any idea what to do now wait or close it??thanks in advance...

Ub
not time to blame you..but if you had followed Abus trade set up, you wouldn't have gone long at that time..my advice is for you to wait, it may come your way..but remove it at your entry point.

just my idea
  • #125,509
  • Mar 9, 2009 4:31am Mar 9, 2009 4:31am
Quoting liquidmoment
If it closes below 1.3954 it could go south to the 1.3800 zone as that's where the next support is according to my charts.
When you say something like this, it's important to say what time frame you're talking about. You could be talking about the 1min, or the 1 week.
Probability Professor
  • #125,510
  • Mar 9, 2009 4:39am Mar 9, 2009 4:39am
Quoting ubaidahsan
i m surprise no GU events today i went for long 2 hours ago and now it is in -100 opps let see what happens in next few hours...guys any idea what to do now wait or close it??thanks in advance...

Ub
no GU news today? London is recently open and is reacting to weekend news:

Lloyds bank nationalized by the UK goverment.
  • #125,511
  • Mar 9, 2009 4:41am Mar 9, 2009 4:41am
Quoting Galation
When you say something like this, it's important to say what time frame you're talking about. You could be talking about the 1min, or the 1 week.
Sorry bud, 1 day chart.
  • #125,512
  • Mar 9, 2009 4:56am Mar 9, 2009 4:56am
well north or south,anyone
  • #125,513
  • Mar 9, 2009 4:57am Mar 9, 2009 4:57am
Quoting liquidmoment
Sorry bud, 1 day chart.
Nice one. The USD is bullish across the board really at the moment.
Probability Professor
  • #125,514
  • Mar 9, 2009 5:13am Mar 9, 2009 5:13am
Oh I'm SO CRYING NOW...LOL

Had my sell set just a little too high last night at 4200 with a t/p at 3950.

BOO HOO...LOL... wish I could find those cool icons. I'd use the little dude crying on the floor!
Ghost Rider - WWTBMD?
  • #125,515
  • Mar 9, 2009 5:36am Mar 9, 2009 5:36am
Quoting albchr
Oh I'm SO CRYING NOW...LOL

Had my sell set just a little too high last night at 4200 with a t/p at 3950.

BOO HOO...LOL... wish I could find those cool icons. I'd use the little dude crying on the floor!
lol, same here, 4206 for me. Oh well
  • #125,516
  • Mar 9, 2009 5:48am Mar 9, 2009 5:48am
Quoting ezodisy
lol, same here, 4206 for me. Oh well
Yea, I guess now it's wait to see a bottom and do the bounce trading thing. DARN...LOL I was really hoping for just one nice trade this week. Had that one taken, I'd be almost done for the week.

I'm new to trading (demo since Sept). Before the holidays and new year I thought I was getting better at charting. Since then, I can hardly chart a path across my living room...lol

Recently disabled, this is my only shot at an income now.
Ghost Rider - WWTBMD?
  • #125,517
  • Mar 9, 2009 5:52am Mar 9, 2009 5:52am
There are times when it seems you're not making any progress with charting but that's not the case really. Don't give up on it, you definitely had the right sell point, a 20pip miss is just one of those things.
  • #125,518
  • Mar 9, 2009 5:52am Mar 9, 2009 5:52am
wow . . . ithought she would touch 1.4200 first then down.?
  • #125,519
  • Mar 9, 2009 5:56am Mar 9, 2009 5:56am
i have no idea about the retracement point. Anyone know where is the support level will hold?
  • #125,520
  • Mar 9, 2009 5:57am Mar 9, 2009 5:57am
For all newbies, plan your trade and trade your plan..

Look at the breakout of the 1.3950 support zone...

I sold on the rally at 1.4170.. I don't make calls but I am showing everyone that planning trades is the best way to reduce the time at the computer..






Quoting rgitt05
Breakout due soon...

The triangle formation is showing a more bearish mode.

If the 1.3950 support zone breaks than furthur PA to the downside is confirm to test the lows of 1.3500.

The PA is sitting on the 76.8% retracement and critical zone for Reversal or Break

The overall trend is bearish and the CCI crossed thru the -100 level

The fundamental news from London over the weekend...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 4hr gu a.gif Size: 39 KB
Click to Enlarge Name: 4hr gu b.gif Size: 41 KB
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