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Cable Update (GBPUSD)

  • #129,881
  • Apr 20, 2009 4:06am Apr 20, 2009 4:06am
There are Moving average 50 on exponent Daily but watch out to MA 100 it possible to touch down too on weekly candle at 1.44xx
Quoting deboooo2005
Moving Average @ Daily Chart
The Ottelo way's find the mutual system to wins
  • #129,882
  • Apr 20, 2009 4:09am Apr 20, 2009 4:09am
Quoting Galation
How come not many people in here have a clue why it is falling? Sharpen up on your fundermentals.
where to get it?
  • #129,883
  • Apr 20, 2009 4:11am Apr 20, 2009 4:11am
Quoting John Lo
where to get it?
If you're in England, you can read the Financial Times, and there are loads of websites giving fundermental reports, and always be aware on what news is coming out, for the upcoming week, and the week after.

Question: What's being released this week?

And did any of you listen to Obama speaking on the economy yesterday? He painted a pretty grim picture.
Probability Professor
  • #129,884
  • Apr 20, 2009 4:25am Apr 20, 2009 4:25am
Hi - anyone's technical indicators suggesting this is the todays bottom, or do we expect more bearishness when NY opens??
  • #129,885
  • Apr 20, 2009 4:29am Apr 20, 2009 4:29am
Quoting Galation
If you're in England, you can read the Financial Times, and there are loads of websites giving fundermental reports, and always be aware on what news is coming out, for the upcoming week, and the week after.

Question: What's being released this week?

And did any of you listen to Obama speaking on the economy yesterday? He painted a pretty grim picture.

can you suggest what website i can get?
Thx.
  • #129,886
  • Apr 20, 2009 4:39am Apr 20, 2009 4:39am
Quoting John Lo
can you suggest what website i can get?
Thx.
What you should do, is create a list of several good websites and add them in a folder on your favourites, then every morning, you can easily open them up and see what's happening.

There are sites designed specifically for forex and there are some generic financial sites which are great as well, such as the financial times.

Here is a report from the Action forex.
Financial Times

Go find some, and make a list on your favourites.
Probability Professor
  • #129,887
  • Apr 20, 2009 4:43am Apr 20, 2009 4:43am
watch
Attached Image (click to enlarge)
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  • #129,888
  • Apr 20, 2009 4:46am Apr 20, 2009 4:46am
Quoting ottelo
There are Moving average 50 on exponent Daily but watch out to MA 100 it possible to touch down too on weekly candle at 1.44xx
50 EMA @ Daily Chart 1.4549 if it hold it will go up 1.4815
if broken it will test 1.4424
  • #129,889
  • Apr 20, 2009 4:49am Apr 20, 2009 4:49am
Stay Away From LONG !!
The Ottelo way's find the mutual system to wins
  • #129,890
  • Apr 20, 2009 4:59am Apr 20, 2009 4:59am
in a moment welcome 1.4438
The Ottelo way's find the mutual system to wins
  • #129,891
  • Apr 20, 2009 5:00am Apr 20, 2009 5:00am
Quoting ottelo
Stay Away From LONG !!
WHY?
  • #129,892
  • Apr 20, 2009 5:33am Apr 20, 2009 5:33am
external retracement with drop to longer tf trendline
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusd042009-1.gif Size: 31 KB
Click to Enlarge Name: gbpusd042009-2.gif Size: 22 KB
Attached File(s)
File Type: tpl gbpusd042009.tpl   11 KB | 237 downloads
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #129,893
  • Apr 20, 2009 5:36am Apr 20, 2009 5:36am
Quoting ottelo
in a moment welcome 1.4438
H4 chart already oversold. Will it be up soon?
  • #129,894
  • Apr 20, 2009 5:42am Apr 20, 2009 5:42am
Quoting John Lo
H4 chart already oversold. Will it be up soon?

Check the weekly close & how cable opened today on the daily.
Thank You
  • #129,895
  • Apr 20, 2009 6:14am Apr 20, 2009 6:14am
Quoting EricB
Im going to try and stick by my theory. When you have such a sharp move down there is always a correction and a chance to scalp. Everyone advised not to go long at that point but scalping is another story.

It took a bloody long time but I finally managed to close all my trades. I am now going to sit on the sidelines this week to see what happens. I would say there will be a lot of volatility and the direction will be rather unclear.
  • #129,896
  • Apr 20, 2009 6:40am Apr 20, 2009 6:40am
1.4526 is a key

if its breaks ... welcome to 1.4425 and if not broken ... it will go up again
  • #129,897
  • Apr 20, 2009 7:10am Apr 20, 2009 7:10am
Try to draw the Ichimoku on your Graph is nice
The Ottelo way's find the mutual system to wins
  • #129,898
  • Apr 20, 2009 7:14am Apr 20, 2009 7:14am
imo price will go up a bit ....1.4620 ->1.4650 ->1.4700
  • #129,899
  • Apr 20, 2009 7:15am Apr 20, 2009 7:15am
smart people are going long perhaps
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd042009-3.gif Size: 19 KB
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #129,900
  • Apr 20, 2009 7:17am Apr 20, 2009 7:17am
Quoting eaglestar
smart people are going long perhaps
wrong. amateurs are.
Thank You
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