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Cable Update (GBPUSD)

  • #131,561
  • May 8, 2009 4:19am May 8, 2009 4:19am
Nice analysis


Quoting jack.canadia
I am favoring the downside based on the double top and break of trendline. If you are familiar with candlesticks, there have been some nice bearish signals in that past days, including today.

Have a look.

This is a 4-hr chart similar to the above but with the lines. This shows the close prices.

GBP - black

USD index - blue (this is an inverse .. so the chart is overlayed upside down)

You can see that the GBP/USD (black) is closing away from the direction of the USD index (blue). In other words, the GBP/USD made a higher close but...
  • #131,562
  • May 8, 2009 4:19am May 8, 2009 4:19am
Quoting mikjurado
long @1.5038 TP 1.5148

Take what you have and watch. Bearish signal on GU. Target 1 14400 area. Target 2 14100. Target 3 13700 area. Watch out. Maybe next week. Maybe before the month end. But down...down...down...then up up up up
Attached Image (click to enlarge)
Click to Enlarge Name: gu daily.gif Size: 27 KB
  • #131,563
  • May 8, 2009 4:30am May 8, 2009 4:30am
Quoting trustGod1234
Take what you have and watch. Bearish signal on GU. Target 1 14400 area. Target 2 14100. Target 3 13700 area. Watch out. Maybe next week. Maybe before the month end. But down...down...down...then up up up up
The above post is from daily analysis. Please note that the targets may be too far away and we may not get there. but i favor down for now and i think it might begin next week. Though the 4hr chart has a chance for a small up move which i think will be a bull trap

Just my thoughts
  • #131,564
  • May 8, 2009 4:44am May 8, 2009 4:44am
howdy all. good to see u all still here

fast question. I watch stoches and am looking for an indicator ... unable to find it. any help would be appreciated. doesn't have to be exactly like this, but something similar in an mq4 platform

appreciate any inputs
thanx

Attached Image
Durn the torpedos, full speed ahead
  • #131,565
  • May 8, 2009 4:52am May 8, 2009 4:52am
hi folks, good day to everyone.....can somebody tell me where this flight is heading to; NORTH or SOUTH?
  • #131,566
  • May 8, 2009 4:57am May 8, 2009 4:57am
Quoting made4life
hi folks, good day to everyone.....can somebody tell me where this flight is heading to; NORTH or SOUTH?
India. And I don't like it because it takes several hours of waiting to get there from my country

  • #131,567
  • May 8, 2009 6:06am May 8, 2009 6:06am
up ?
Give me patience
  • #131,568
  • Edited 12:10pm May 8, 2009 6:19am | Edited 12:10pm
I am looking at an H1, H4, Daily, Weekly chart. Long.

Server went down no position placed
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 39 KB
{Promotion Removed}
  • #131,569
  • May 8, 2009 6:25am May 8, 2009 6:25am
Quoting jgnorton
I am looking at an H1, H4, Daily, Weekly chart. I am looking at a possible buy.
i am waiting for it to broke high of today and then i ill go for short and tp will be 40 pips


Ub
  • #131,570
  • May 8, 2009 6:35am May 8, 2009 6:35am
Hi

1.5065 now become a resistance
  • #131,571
  • May 8, 2009 6:50am May 8, 2009 6:50am
Quoting made4life
hi folks, good day to everyone.....can somebody tell me where this flight is heading to; NORTH or SOUTH?

If we know .. we will be rich already!.
  • #131,572
  • May 8, 2009 6:58am May 8, 2009 6:58am
Quoting deboooo2005
Hi

1.5065 now become a resistance
I agree, and I already put short position , trying to make pips in sideways area before NFP release,
Attached Image


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History Levels GBPUSD

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  • #131,573
  • Edited 7:25am May 8, 2009 7:00am | Edited 7:25am
Quoting jgnorton
I am looking at an H1, H4, Daily, Weekly chart. I am looking at a possible buy.
Careful guys - could be short covering before 13:30 NFP data. I really cant see fundamentals allowing for more than 1.509
  • #131,574
  • May 8, 2009 7:03am May 8, 2009 7:03am
Quoting ubaidahsan
i am waiting for it to broke high of today and then i ill go for short and tp will be 40 pips


Ub
after NFP release ?
  • #131,575
  • May 8, 2009 7:06am May 8, 2009 7:06am
Quoting errich fx
after NFP release ?
nope now in 3-5 min and tp will b 30-40 and for NFP data i will wait for it and will trade again on that time but if it will b in favor of USD so that will be double benfit otherwise will go long

Ub
  • #131,576
  • May 8, 2009 7:09am May 8, 2009 7:09am
Quoting EricB
Careful guys - could be short covering before 13:30 NFP data. I really cant see fundamentals allowing for more than 1.519
I'm with you on that. My analysis shows 1.5136. Will be shorting there.

Good luck.
  • #131,577
  • May 8, 2009 7:14am May 8, 2009 7:14am
After release data, entry again
  • #131,578
  • May 8, 2009 7:17am May 8, 2009 7:17am
Quoting errich fx
I agree, and I already put short position , trying to make pips in sideways area before NFP release,
Attachment

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History Levels GBPUSD

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i already short @ 1.5075
  • #131,579
  • May 8, 2009 7:21am May 8, 2009 7:21am
Quoting deboooo2005
i already short @ 1.5075
Hi guys, hi deboooo2005, what is your SL ?
  • #131,580
  • May 8, 2009 7:32am May 8, 2009 7:32am
Quoting Mapuche
Hi guys, hi deboooo2005, what is your SL ?
above 1.5135
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