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Cable Update (GBPUSD)

  • #129,021
  • Apr 6, 2009 6:52pm Apr 6, 2009 6:52pm
Quoting ubaidahsan
good shorttttt i missed it i just see it went down suddenly and i missed but if u posted here so i will enter too i was thinking to in but when i tried to in it went down crazily huh missed it ..can u tell me what is next resistance or support level from where market can reverse or could go more down?

thanks in advance

Ub
I have short term trend support at 1.4679

First Resistance above that 1.4768
  • #129,022
  • Apr 6, 2009 7:00pm Apr 6, 2009 7:00pm
Between 4115 and 4165. Major support.

This ride down is fun!
  • #129,023
  • Apr 6, 2009 7:06pm Apr 6, 2009 7:06pm
Quoting Seaward22
I have short term trend support at 1.4679

First Resistance above that 1.4768

it break your support so what do you think it could go down more?

Ub
  • #129,024
  • Apr 6, 2009 7:06pm Apr 6, 2009 7:06pm
Quoting jack.canadia
Between 4115 and 4165. Major support.

This ride down is fun!

you mean can go short easily for 100-50 points?

ub
  • #129,025
  • Apr 6, 2009 7:24pm Apr 6, 2009 7:24pm
Quoting ubaidahsan
it break your support so what do you think it could go down more?

Ub
Next Support is 1.4627

Next Support is 1.4540

Next Support is 1.4475

I think we'll at least test 1.45 with the worst hitting 1.43 before we start a new trend up. I have a pending trade set short at 1.4715 TP 1.4635
  • #129,026
  • Apr 6, 2009 8:45pm Apr 6, 2009 8:45pm
I have a new view...
Attached Image (click to enlarge)
Click to Enlarge Name: mdl1.JPG Size: 85 KB
  • #129,027
  • Apr 6, 2009 8:51pm Apr 6, 2009 8:51pm
Quoting zapper
I have a new view...
I think the leg down will be a little deeper before we go up towards 1.50
  • #129,028
  • Apr 6, 2009 9:04pm Apr 6, 2009 9:04pm
went short yesterday at 1.4931 , up 230+ pips.

looking for at least 1.45
  • #129,029
  • Apr 6, 2009 9:06pm Apr 6, 2009 9:06pm
Quoting traderboy877
went short yesterday at 1.4931 , up 230+ pips.

looking for at least 1.45
I also went short yesterday at 1,4925 but I have covered and turned long at 1,4652

a new attack to 1,49 - 1,50 is what I see
  • #129,030
  • Apr 6, 2009 9:07pm Apr 6, 2009 9:07pm
Look to short near 1.4750
  • #129,031
  • Apr 6, 2009 9:27pm Apr 6, 2009 9:27pm
Quoting Abuawad
NOW. no, it can go down or up.
cable between two line here, top line the daily H&S nick line. and the bottom line the H&S right shoulder support.
one have to be broken to see after that where it can go to...
nice work... where can i get your fan indicator?
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #129,032
  • Apr 7, 2009 12:08am Apr 7, 2009 12:08am
Fresh cross on the hourly. 21 ema crossed below 55 ema. Look to sell short if price re-visits either moving average based on your rules!

Cheers.
  • #129,033
  • Apr 7, 2009 12:17am Apr 7, 2009 12:17am
Quoting jack.canadia
Fresh cross on the hourly. 21 ema crossed below 55 ema. Look to sell short if price re-visits either moving average based on your rules!

Cheers.


HAI SENSEI!!!!!!!!!!!!! I see her waning stance
  • #129,034
  • Apr 7, 2009 12:27am Apr 7, 2009 12:27am
Happy Trading
Attached Images
  • #129,035
  • Apr 7, 2009 12:43am Apr 7, 2009 12:43am
I am looking to short in the white area on my chart. Hourly 21/55 EMAs along with daily pivot and 38.2 retracement. If 1.4645 hold, this plan remains...if not, I will redraw the fib accordingly and go from there.

The zone is 1.4745/65.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.gif Size: 42 KB
  • #129,036
  • Apr 7, 2009 12:54am Apr 7, 2009 12:54am
Quoting jack.canadia
I am looking to short in the white area on my chart. Hourly 21/55 EMAs along with daily pivot and 38.2 retracement. If 1.4645 hold, this plan remains...if not, I will redraw the fib accordingly and go from there.

The zone is 1.4745/65.
I have nearly the same opinion. On the 4h Chart she is at 38,2% and also close to the S1 Pivot Point. Looks like a small long Position before we went down if we went down. Only my two cents.


forex-dragon
  • #129,037
  • Apr 7, 2009 12:59am Apr 7, 2009 12:59am
Hi Jack

Can I ask what daily pivot indicator you use for the 1 hour chart and what time zone you start the day at ?

Thanks
Anything that can be done, can be learned
  • #129,038
  • Apr 7, 2009 1:34am Apr 7, 2009 1:34am
Quoting pilchard
Hi Jack

Can I ask what daily pivot indicator you use for the 1 hour chart and what time zone you start the day at ?

Thanks
I calculate my pivots based on 00:00 GMT. I posted the pivot and median indicators below.
Attached File(s)
File Type: mq4 Pivots_Daily.mq4   17 KB | 272 downloads
File Type: mq4 Pivots_Daily_Medians.mq4   16 KB | 264 downloads
  • #129,039
  • Apr 7, 2009 1:38am Apr 7, 2009 1:38am
GMT 0000 - 07/04
Bias - SHORT
Trade - SHORT @ 1.4657

SHORT - 1hr - Price below 50EMA & 10EMA Envelopes
SHORT - 30min - Price below 50EMA & 10EMA Envelopes

*** Caution
4hr - Price above 50EMA but well below 10EMA Envelopes
MTF 5EMA not quite yet in a Sell

***Notes: I entered this trade @ 0000 GMT, but did not post the Chart as I was actually in Bed.
Currently the 30Min & 1hr is Range Bound in side the 10EMA Envelopes

Will Update if my direction change
Attached Image
  • #129,040
  • Apr 7, 2009 1:41am Apr 7, 2009 1:41am
Common get there!
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Meer-Shayhak