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Cable Update (GBPUSD)

  • #129,521
  • Apr 14, 2009 12:39am Apr 14, 2009 12:39am
is it rejected from 4920???i was long but i closed it in profit now waiting for another signal any idea??


Ub
  • #129,522
  • Apr 14, 2009 12:41am Apr 14, 2009 12:41am
Quoting Terminale
at 1.4515 we could bounce. but i dont think 1.51 is feasable now. UK data dont show anything good. and a worst case scenario will show up soon.
you mean we cant trust that it could go up to 1.5?or it can touch 1.46 again??


Ub
  • #129,523
  • Apr 14, 2009 12:44am Apr 14, 2009 12:44am
Quoting ubaidahsan
you mean we cant trust that it could go up to 1.5?or it can touch 1.46 again??


Ub
I mean that this rise is a clear bull trap. Longing now can leave you in the top.

I think we will see below 1.46 this week. and possible we saw just now the weekly top
  • #129,524
  • Apr 14, 2009 1:06am Apr 14, 2009 1:06am
Quoting Terminale
I mean that this rise is a clear bull trap. Longing now can leave you in the top.

I think we will see below 1.46 this week. and possible we saw just now the weekly top
i wish too we will see 1.46 this week or may be today....and i think you right we possibly saw higher of this week

Ub
  • #129,525
  • Apr 14, 2009 1:48am Apr 14, 2009 1:48am
Quoting Abuawad
My Blog for All Information

I will study ur method ... can u help me if i faced any miss understanding ?

actually i am focusing how to get that numbers of R & S ...i mean the method .

i 'll read and practice it ...


actuall i have a table that have same numbers of R & S u have got recently for Cable . (Taipan Table)


i need ur help in this case if i'll not reach the solution .. will u ? please
  • #129,526
  • Apr 14, 2009 1:53am Apr 14, 2009 1:53am
Quoting Baayesh
I will study ur method ... can u help me if i faced any miss understanding ?

actually i am focusing how to get that numbers of R & S ...i mean the method .

i 'll read and practice it ...


actuall i have a table that have same numbers of R & S u have got recently for Cable . (Taipan Table)


i need ur help in this case if i'll not reach the solution .. will u ? please
Hi, you can find in my blog also a video links on YouTube descripe it step by step. please check it.
and for the Taipan Table, thats was my start from that point using his information, and i develop it using the fibo Fav tools
  • #129,527
  • Apr 14, 2009 2:06am Apr 14, 2009 2:06am
Quoting Abuawad
Hi, you can find in my blog also a video links on YouTube descripe it step by step. please check it.
and for the Taipan Table, thats was my start from that point using his information, and i develop it using the fibo Fav tools

Thank u a lot Mr. Nizar for ur reply and for ur help . from today i'll read all the materials u put in youtube and the blog .

actually i believe that this way of trade is the best because it gives the trend and the R & S high priority .

thank u very much Mr. Nizar
  • #129,528
  • Apr 14, 2009 3:31am Apr 14, 2009 3:31am
Hi all, I reccon this is likely to stay ranging at least until U.S. comes onstream. Im going to scalp with some small lots.

After that im not sure...if she can break 4950 it will be interesting....
  • #129,529
  • Apr 14, 2009 4:49am Apr 14, 2009 4:49am
Hi everybody,

I prefer to go long at 1.5020 on GU, take profit at 1.6500, and stop loss at 1.4900.

On D1, there seems to have Inverted Head and Shoulder. So, a break above 1.5000 shows strong bullishness with target 1.65xx where Fibo 50% stays.

Hope to share ideas with you.

Best regards,
James
  • #129,530
  • Apr 14, 2009 4:52am Apr 14, 2009 4:52am
hello

as i said from few days .... we targeting 1.4956 and it may resist @ 1.4895 and between 1.4915 to 1.4925

http://www.forexfactory.com/showthre...97#post2665997
http://www.forexfactory.com/showthre...12#post2666012
http://www.forexfactory.com/showpost...stcount=129506
  • #129,531
  • Apr 14, 2009 5:04am Apr 14, 2009 5:04am
Hi everybody,

Today, I am long at 147.70 (weekly pivot) on GJ.

My profit target will be 149.70 (Weekly R1).

Now, GJ is at 148.57
  • #129,532
  • Apr 14, 2009 5:17am Apr 14, 2009 5:17am
Quoting james_phuc28
Hi everybody,

I prefer to go long at 1.5020 on GU, take profit at 1.6500, and stop loss at 1.4900.

On D1, there seems to have Inverted Head and Shoulder. So, a break above 1.5000 shows strong bullishness with target 1.65xx where Fibo 50% stays.

Hope to share ideas with you.

Best regards,
James
This post has to be funny :-) Good Luck
Let Price determine your future!
  • #129,533
  • Apr 14, 2009 5:30am Apr 14, 2009 5:30am
Hi!
i'm short at 4904, sl 4925, targeting area 4925 -4950. kind of don't think it will go to 4950 until news, and when probably still go down. i think there could be better numbers than awaited.
  • #129,534
  • Apr 14, 2009 5:36am Apr 14, 2009 5:36am
Quoting Endrju
Hi!
i'm short at 4904, sl 4925, targeting area 4925 -4950. kind of don't think it will go to 4950 until news, and when probably still go down. i think there could be better numbers than awaited.
If your targeting these areas you better go long bro!
  • #129,535
  • Apr 14, 2009 5:38am Apr 14, 2009 5:38am
Hi Geppyg,

Not funny at all.

U open the monthly chart, weekly and daily chart of GU.

Do u see GU fell from above 2.xxxx down to the lowest low last time?

Then, have a carefull look at Daily chart of GU. U will see Head - Shoulder pattern and the right shoulder is forming. It needs to break above 1.5000 to confirm this pattern and GU will be strong bullish from there.

If u still can not see the Head - Should pattern, let me know, and I will tell you about it clearly on GU.

Maybe, u only trade short-term or intraday. So, u can not see it.

Study the patterns and charts again carefully to improve your trading.

Best regards,
James
  • #129,536
  • Apr 14, 2009 5:41am Apr 14, 2009 5:41am
[quote=riggster;2667694]If your targeting these areas you better go long bro![/quote

correct: 4825-4850
  • #129,537
  • Apr 14, 2009 5:49am Apr 14, 2009 5:49am
can't see reason for gbp climbing except positive futures. i still thing it will go down later.
got out of trade , doesn't look like going down yet
  • #129,538
  • Apr 14, 2009 6:28am Apr 14, 2009 6:28am
Quoting Endrju
can't see reason for gbp climbing except positive futures. i still thing it will go down later.
got out of trade , doesn't look like going down yet
I believe a strong Down will come soon at USA opening
  • #129,539
  • Apr 14, 2009 6:43am Apr 14, 2009 6:43am
Been waiting to short GBP/USD for a week now. Yesterday USD goes down while the FED is buying its own paper. Today the UK central bank is buying its own paper and the news is portraying this as positive. Which way will it go? I'm sitting this one out until tomorrow. Recently the uptrends have been really strong. Could the GBP/USD be on a leg up evident on the weekly? Good Luck!
  • #129,540
  • Apr 14, 2009 6:50am Apr 14, 2009 6:50am
Quoting james_phuc28
Hi Geppyg,

Not funny at all.

U open the monthly chart, weekly and daily chart of GU.

Do u see GU fell from above 2.xxxx down to the lowest low last time?

Then, have a carefull look at Daily chart of GU. U will see Head - Shoulder pattern and the right shoulder is forming. It needs to break above 1.5000 to confirm this pattern and GU will be strong bullish from there.

If u still can not see the Head - Should pattern, let me know, and I will tell you about it clearly on GU.

Maybe, u only trade short-term or intraday. So, u can not...
Ignore the know it all commentary. I have 4950 resistance that needs to be taken out before we go any higher, so you are right with what you said - that 5000 level needs to be cleared to confirm bullish continuation. Till that happens, cable's still in a limbo.
This was put up earlier.
http://www.forexfactory.com/showpost...&postcount=786

Good luck.
Thank You
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