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Cable Update (GBPUSD)

  • #126,561
  • Mar 15, 2009 4:18pm Mar 15, 2009 4:18pm
Quoting sERDAr
now 1.3952.... what a start ???
Friday closed top of mid channel, so not unreasonable to expect a bit of a gap down. Bottom of the channel on a current chart is @ 1.3925, so could drop down to there and possible buy back up to fill the gap.

Sunday open indicators don't always assume continuation of Friday direction, but would expect to see lower lows on the day before we start into a weekly bull cycle.

All speculation, but based on chart data, I am expecting a big long week for Cable.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #126,562
  • Mar 15, 2009 4:49pm Mar 15, 2009 4:49pm
I would expect some PA since asian market will be open at that time..

IMHO

[
  • #126,563
  • Mar 15, 2009 6:10pm Mar 15, 2009 6:10pm
Quoting rgitt05
See you at the 1.3500 level for loading longs...

That would be great! I'd be happy to see 3800 and get out of a couple shorts I've been holding. 3500 would make my week...
Ghost Rider - WWTBMD?
  • #126,564
  • Mar 15, 2009 7:09pm Mar 15, 2009 7:09pm
Hi all!

Some info been posted already but i ll do my analysis for tn.
------------------------------------------------------------

Obvioulsy we have an H&S over large TF as Daily/ H4.
We can also see that only 1 day been really bearish into that zone, all other been correction.

Now over the neck line, i expect attempt at 1.3850 then further upmove to 1.41. If 1.3850/1.3800 would be broken and accept, i would obviously change my view about it.
Attached Image (click to enlarge)
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  • #126,565
  • Mar 15, 2009 7:56pm Mar 15, 2009 7:56pm
I was thinking the pounds will be reach 1.4120 before down.
  • #126,566
  • Mar 15, 2009 8:02pm Mar 15, 2009 8:02pm
Quoting aisterling
I was thinking the pounds will be reach 1.4120 before down.
Plz go foward about your analysis.
Would love to know if its only a feeling or if you got any edge on that side.

Thx!
  • #126,567
  • Mar 15, 2009 8:14pm Mar 15, 2009 8:14pm
Look my technical analyst below this :
Attached Image (click to enlarge)
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  • #126,568
  • Mar 15, 2009 8:19pm Mar 15, 2009 8:19pm
Appreciated thx !
I didn't spot that channel, useful.
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If you make a pitchfork whit it we are a middle band right now.
  • #126,569
  • Edited 8:32pm Mar 15, 2009 8:22pm | Edited 8:32pm
A nice bullish wick on H4 ( morning star ) , I went long 1.3961, SL + 8 pips. TP 1.4040, or any level depend on PA !
Attached Image (click to enlarge)
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I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #126,570
  • Mar 15, 2009 8:26pm Mar 15, 2009 8:26pm
I believe it will climb up to 1.4160ish tonight then fall HARD back down to 1.3500, from there time to go long...but I am learning...Look at daily chart, it is ready to fall back to 1.3500 as it hits its near term resistance levels.
  • #126,571
  • Mar 15, 2009 8:36pm Mar 15, 2009 8:36pm
I use some indicators for my technical analysis,
Attached Image (click to enlarge)
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  • #126,572
  • Mar 15, 2009 8:47pm Mar 15, 2009 8:47pm
Quoting aisterling
I use some indicators for my technical analysis,
Can you post the indicators you use here.

thnx
  • #126,573
  • Mar 15, 2009 8:49pm Mar 15, 2009 8:49pm
I closed my long at 1.4010 (R1). I will go long again at a dip if current H1 closes above 1.3986 !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #126,574
  • Mar 15, 2009 9:31pm Mar 15, 2009 9:31pm
ouch . . i missed early longs...
though the fiundamental is supporting the GU, but i'm afraid with the last daily candle
http://preview.shareapic.net/preview5/015427992.gif
  • #126,575
  • Mar 15, 2009 9:35pm Mar 15, 2009 9:35pm
EU gaps fully filled, GU also...
  • #126,576
  • Mar 15, 2009 9:38pm Mar 15, 2009 9:38pm
Quoting aisterling
I use some indicators for my technical analysis,
hi, tried checking out your TA but your website link brings up a foreign language that I can not read. I am short from 1.3950 with a stop at 1.4150 sounds like I should be cutting my loss`s now
  • #126,577
  • Mar 15, 2009 9:59pm Mar 15, 2009 9:59pm
According to my analysis it is right at a resistance level it has been ranging between 23.6% and 38.2% levels. If it tries the 50% level and doesn't make a sure pass than my guess is back to 1.3655 and then possibly lower from there. In addition, it is at the very max of the high end of the channel. Anybody agree?
Attached Image (click to enlarge)
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  • #126,578
  • Mar 15, 2009 10:10pm Mar 15, 2009 10:10pm
Bradorboy,

Yes, I agree and am short. There was a bearish reversal candle on the 15 minute bar and the upward momentum appears to have stopped. I have a fairly tight stop at 1.4046.
  • #126,579
  • Mar 15, 2009 10:19pm Mar 15, 2009 10:19pm
Quoting TraderBob
Bradorboy,

Yes, I agree and am short. There was a bearish reversal candle on the 15 minute bar and the upward momentum appears to have stopped. I have a fairly tight stop at 1.4046.
Top of the bean on this run would seem to be @ about 1.4040...given spread and the odd late buyer, a stop loss here, might just trip you on the way down. I still believe this to be a BULL WEEK, and has been running as forecasted here -> http://www.forexfactory.com/showthre...34#post2596034 .

I think we are going to see a trace back, charts have been posted previously, but like everything else, best educated guess and speculation.

If you like the short side of the chart...Play EJ or EU, should make out well....
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #126,580
  • Mar 15, 2009 11:06pm Mar 15, 2009 11:06pm
20 pip in the BEP, 45 pips on the way, my focus is 4056 ( HLC montly/FIB Daily HIGH) if GU bounce from that line, I will close my order and will change order to SELL.



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