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Cable Update (GBPUSD)

  • #128,521
  • Mar 31, 2009 10:34pm Mar 31, 2009 10:34pm
Quoting sinyo79
she have strong resistance at 1.4386, so before she could reach 1.44 above... she must going down first to take a breath
she has strong support @4250 & a stronger one @4150 before she can reach the 4100 you mentioned. no, there isn't a "must" for her to take a breather down at that level you mentioned. She can take a breather right here where we are now.
Thank You
  • #128,522
  • Mar 31, 2009 10:35pm Mar 31, 2009 10:35pm
Quoting Inzider


1.4186 ain't that far for your kind of SL maby we'll both bang some,...
Anyway, my MM is respected so it all good, we'll both be "winner" if i'm wrong.

Wish u luck bud!
Sleepy me... soon!
okay matt, later brother
Thank You
  • #128,523
  • Mar 31, 2009 10:53pm Mar 31, 2009 10:53pm
Quoting wormboy
she has strong support @4250 & a stronger one @4150 before she can reach the 4100 you mentioned. no, there isn't a "must" for her to take a breather down at that level you mentioned. She can take a breather right here where we are now.

yupz... i'm agree... the market is boring now hix3
  • #128,524
  • Mar 31, 2009 11:31pm Mar 31, 2009 11:31pm
wian. I am seeing the same thing as you but with a little reinforcement. The convergance of the 50 fib and the trendline will(should?!?!) give it extra support. will be looking to go long after a bounce off the 4210-30 range. I take my entries off the 5m and 15m price action and stochs. Jim
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  • #128,525
  • Mar 31, 2009 11:49pm Mar 31, 2009 11:49pm
Quoting jsj1970
wian. I am seeing the same thing as you but with a little reinforcement. The convergance of the 50 fib and the trendline will(should?!?!) give it extra support. will be looking to go long after a bounce off the 4210-30 range. I take my entries off the 5m and 15m price action and stochs. Jim
please enlighten me,where do u see support at4250?Mike in Michigan
  • #128,526
  • Mar 31, 2009 11:52pm Mar 31, 2009 11:52pm
Quoting torcuswelby
please enlighten me,where do u see support at4250?Mike in Michigan
Yo Mike. I have the trendline converging with the 50 fib right in that area. Check out my 4h chart. Jim
  • #128,527
  • Apr 1, 2009 12:09am Apr 1, 2009 12:09am
Quoting jsj1970
Yo Mike. I have the trendline converging with the 50 fib right in that area. Check out my 4h chart. Jim
ty so much Jim I will do that,peace my friend,Mike
  • #128,528
  • Edited 12:24am Apr 1, 2009 12:13am | Edited 12:24am
I'm not convince if she's look'n Top Heavy at all. It's taken out the 1 hour trend line in the last NY session. In today's Asian session it rejected the 4 hour trend with extra resistence of the 72MA coninciding at 1.4365. I've been on the short @ 1.4360 and holding it until the 4h trendline is cleaninly taken out. Seeing potential for 1.4120 which than brings us back to the 50% Fib and 16/3 high resistence.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #128,529
  • Apr 1, 2009 12:13am Apr 1, 2009 12:13am
Quoting torcuswelby
ty so much Jim I will do that,peace my friend,Mike
could u please save me some time and tell me what your blue yelow and red lines are?Mike
  • #128,530
  • Apr 1, 2009 12:18am Apr 1, 2009 12:18am
Quoting Bull_Bear
I'm not convince if she's look'n Top Heavy at all. It's taken out the 1 hour trend line in the last NY session. In today's Asian session it rejected the 4 hour trend with extra resistence of the 72MA coninciding at 1.4365. I've been on the short @ 1.4360 and holding it until the 4h trendline is cleaninly taken out. Seeing potential for 1.4120 which than brings us back close to the bottom of the 4h trend line.
thanks..and please remind me if u see 4h trendline is taken out...thank dude
  • #128,531
  • Apr 1, 2009 12:25am Apr 1, 2009 12:25am
Quoting xbilisx
thanks..and please remind me if u see 4h trendline is taken out...thank dude
is where I went short
  • #128,532
  • Apr 1, 2009 12:26am Apr 1, 2009 12:26am
Quoting torcuswelby
could u please save me some time and tell me what your blue yelow and red lines are?Mike
my yellow line is a 21 ema(exponential moving average) and the blue and red ones are envelopes with a deviation of 2% from the 21 sma. on the four hour charts, they are a great sign of short term reversals. I periodically tweak the settings on the envelopes so as to contain 90% of the price action
  • #128,533
  • Apr 1, 2009 12:29am Apr 1, 2009 12:29am
Quoting torcuswelby
is where I went short
Good Risk reward...
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #128,534
  • Apr 1, 2009 12:36am Apr 1, 2009 12:36am
Quoting Bull_Bear
I'm not convince if she's look'n Top Heavy at all. It's taken out the 1 hour trend line in the last NY session. In today's Asian session it rejected the 4 hour trend with extra resistence of the 72MA coninciding at 1.4365. I've been on the short @ 1.4360 and holding it until the 4h trendline is cleaninly taken out. Seeing potential for 1.4120 which than brings us back to the 50% Fib and 16/3 high resistence.
Bull Bear could you post some charts . I'm not quite seeing your trend lines?!
Thanks Jim
  • #128,535
  • Apr 1, 2009 12:38am Apr 1, 2009 12:38am
G/U short trade for me. Last few 4 hour candles have pretty high candle wicks so the longs are not holding. Maybe will try for 50 pips.
  • #128,536
  • Apr 1, 2009 12:49am Apr 1, 2009 12:49am
Quoting jsj1970
Bull Bear could you post some charts . I'm not quite seeing your trend lines?!
Thanks Jim
Try that for size...
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Veni, Vidi, Vici (We came, we saw, we conquered)
  • #128,537
  • Apr 1, 2009 12:51am Apr 1, 2009 12:51am
Quoting Bull_Bear
Good Risk reward...
I listen,50 may hold,if so I will take the 40 and call it a night
  • #128,538
  • Apr 1, 2009 1:01am Apr 1, 2009 1:01am
Happy trading.
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  • #128,539
  • Apr 1, 2009 1:03am Apr 1, 2009 1:03am
Quoting Bull_Bear
Try that for size...
Thx bull bear!! I think we are on the same page, just seeing it a tad differently!! I am just giving the longer duration upward trend line a bit more credence because of the proximity of the 50 fib I am not in a position yet as i need to see what happens with that level I have always in my charting gone with the credo that the longer the trendline, the more strength it has, especially when it has convergance with other support and resistance levels.
Just my 2 centavos!!! I think we will know one way or another soon. Jim
  • #128,540
  • Apr 1, 2009 1:15am Apr 1, 2009 1:15am
Quoting jsj1970
Thx bull bear!! I think we are on the same page, just seeing it a tad differently!! I am just giving the longer duration upward trend line a bit more credence because of the proximity of the 50 fib I am not in a position yet as i need to see what happens with that level I have always in my charting gone with the credo that the longer the trendline, the more strength it has, especially when it has convergance with other support and resistance levels.
Just my 2 centavos!!! I think we will know one way or another soon. Jim
I hear u....
Veni, Vidi, Vici (We came, we saw, we conquered)
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