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Cable Update (GBPUSD)

  • #130,161
  • Apr 22, 2009 5:51am Apr 22, 2009 5:51am
Quoting mohfaid

The last 4 H close was clealry bearsh , but I don't understand what is happened now ?
faid : http://www.forexfactory.com/showpost...&postcount=937

and don't forget the bullish engulfing pattern on the previous hourly close.

Good luck.
Thank You
  • #130,162
  • Apr 22, 2009 5:52am Apr 22, 2009 5:52am
Hi Wormboy

Can u please explain more to me why it will go up , Last 4 H close is very bearish and I will wait for this 4 h close after 2 Hour to be sure more.

Why u see it will go up ?

Quoting wormboy
no.
  • #130,163
  • Apr 22, 2009 5:52am Apr 22, 2009 5:52am
What made you buy there when every body is selling....


Quoting deboooo2005
about me i long @ 1.4525 and looking to Sell @1.4770
  • #130,164
  • Apr 22, 2009 5:55am Apr 22, 2009 5:55am
Quoting AlexFX
What made you buy there when every body is selling....
becuase 1.4500 in strong support
  • #130,165
  • Apr 22, 2009 5:57am Apr 22, 2009 5:57am
Dear Wormboy

I check it , and it is working , but may be we gather more momentum to go down and clear it, daily chart still saying down.

I hope to close my shorts with profits


Quoting wormboy
faid : http://www.forexfactory.com/showpost...&postcount=937

and don't forget the bullish engulfing pattern on the previous hourly close.

Good luck.
  • #130,166
  • Apr 22, 2009 6:04am Apr 22, 2009 6:04am
Quoting deboooo2005
next target 1.4680 and then there is important area between 1.4717 and 1.4732 if it broke 1.4792 ... and there is also important area between 1.4824 and 1.4841 if it broke 1.4915
Have learnt so much reading your post.

Please elaborate the above with a chart.
In all your ways acknowledge Him and He will direct your path.
  • #130,167
  • Apr 22, 2009 6:06am Apr 22, 2009 6:06am
Quoting mohfaid
Dear Wormboy

I check it , and it is working , but may be we gather more momentum to go down and clear it, daily chart still saying down.

I hope to close my shorts with profits
I Still see 1.4350....till then I am not giving up
The Key is 615 DP lets see how the candles closes..will only place any trades after the news at 12:30 till then

Also 4 hour chart has 2 hours left to close...so a lot can happen between the close...currently a bullish 2hour bar....
Let Price determine your future!
  • #130,168
  • Apr 22, 2009 6:07am Apr 22, 2009 6:07am
Next target 1.4350 . The trend is down. Any rise is a good entry for short.
  • #130,169
  • Apr 22, 2009 6:08am Apr 22, 2009 6:08am
Quoting OmegaFire
Have learnt so much reading your post.

Please elaborate the above with a chart.

this is the chart ..
Attached Image (click to enlarge)
Click to Enlarge Name: 54.gif Size: 14 KB
  • #130,170
  • Apr 22, 2009 6:13am Apr 22, 2009 6:13am
Dears

We have now two teams, short and long teams

GBP is realy very cheating these two days , let us wait just 2 hours for this 4 H close , and I believe if it close down 1.4560 , it will a sign of bearch continuation dears

Hope to clear also 1.4350 and waiting for 1.4110 which I put my TP


Quoting Terminale
Next target 1.4350 . The trend is down. Any rise is a good entry for short.
  • #130,171
  • Apr 22, 2009 6:20am Apr 22, 2009 6:20am
major trend is bullish,the going down is only retracement,right now waiting for the gbp news at 07:30, hopefully it will shoot up after the news...
newbies yang minat nak belajar forex, sila ym saya, ym: ammal007
  • #130,172
  • Apr 22, 2009 6:21am Apr 22, 2009 6:21am
my trading system trend is still down, but caution should be taken as it seems to be at the cross roads. Possibly of a bull trap or possibility of rising trend.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #130,173
  • Apr 22, 2009 6:21am Apr 22, 2009 6:21am
Quoting mohfaid
Dears

We have now two teams, short and long teams

GBP is realy very cheating these two days , let us wait just 2 hours for this 4 H close , and I believe if it close down 1.4560 , it will a sign of bearch continuation dears

Hope to clear also 1.4350 and waiting for 1.4110 which I put my TP
Here is the scenario i think will happen. Down to 1.4350 , then retrace to 1.4515 , then down to 1.4195 retrace to 1.4350 , then down to 1.4068/00(Psy level)
  • #130,174
  • Apr 22, 2009 6:22am Apr 22, 2009 6:22am
Annual Budget Release ... upcoming news ... important ...
  • #130,175
  • Apr 22, 2009 6:26am Apr 22, 2009 6:26am
Quoting deboooo2005
Annual Budget Release ... upcoming news ... important ...
This is the only problem for shorts....as they will clearly say good things about the buget to show that the economic crisis is getting better .....he has got a bloody election to win next year.....Everything is about politics...
He will also say that we should see a recovery by next........
RECOVERY ME A A S.....

Trade with care
Let Price determine your future!
  • #130,176
  • Apr 22, 2009 6:28am Apr 22, 2009 6:28am
Dear ammal

If the major trend is bullish why after a daily close above the magic resistance 1.4985 it just kissing the 1.5 area by making the high of 1.5060 and return back, if it is really bullish I think it might clear this area completely and go up for 1.5150 and then 1.53XX , that is the expected behavior if we have a real bullish movement, I think it just was a last trial of touching 1.50xx before return down

That is my thought man


Quoting ammal07
major trend is bullish,the going down is only retracement,right now waiting for the gbp news at 07:30, hopefully it will shoot up after the news...
  • #130,177
  • Apr 22, 2009 6:35am Apr 22, 2009 6:35am
any data about Annual Budget Release
  • #130,178
  • Edited 6:38am Apr 22, 2009 6:37am | Edited 6:38am
Quoting deboooo2005
any data about Annual Budget Release
Just watching now on tv. Data will come out as it is mentioned in budget speech over the next 20 mins or so.
  • #130,179
  • Apr 22, 2009 6:40am Apr 22, 2009 6:40am
Quoting riggster
Just watching now on tv. Data will come out as it is mentioned in budget speech over the next 20 mins or so.
Watch TV3! Or Astrob BOX Office Movie
  • #130,180
  • Apr 22, 2009 6:41am Apr 22, 2009 6:41am
Nothing out of the ordinary....Comparison of cross country issues....
Talk about your own ......Darlin.............
Let Price determine your future!
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