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Cable Update (GBPUSD)

  • #132,161
  • May 14, 2009 2:41am May 14, 2009 2:41am
its still bullish why you do short?
  • #132,162
  • May 14, 2009 2:49am May 14, 2009 2:49am
Quoting mloistianto
its still bullish why you do short?
Sure? I can't see target for north.
  • #132,163
  • May 14, 2009 2:54am May 14, 2009 2:54am
Me neither. I can't see any bullish setup as well. But to be honest the downtrend is stuck since the Asian session. Here, take a look.
Attached Image
  • #132,164
  • May 14, 2009 3:00am May 14, 2009 3:00am
i guess sideways for now right? what we could expect at this rate?? I'm sorry before, I am a newbie so i'm still figuring things out..
  • #132,165
  • May 14, 2009 3:03am May 14, 2009 3:03am
Quoting mloistianto
i guess sideways for now right? what we could expect at this rate?? I'm sorry before, I am a newbie so i'm still figuring things out..
let's market decide
  • #132,166
  • May 14, 2009 3:15am May 14, 2009 3:15am
do not trust forex.com live feedback if anyone have account with them, do ur own , what ever they say , exactly opposite happens , good luck
  • #132,167
  • May 14, 2009 3:20am May 14, 2009 3:20am
i actually thought last night's selloff is abit overdone.

4h sto crossinglets see when tokyo close what will happen
Lets Soar The Sky
  • #132,168
  • May 14, 2009 3:25am May 14, 2009 3:25am
I have been checking my chart all along. Here's my todays view and trade decision. The daily is down. The 4HR is in a Chanel with slight bullish pressure. The 1HR is bullish. So my view is that we will go a little up...maybe say 15200 area then head down. I am looking to short around that area. However I could be wrong. Market will decide
  • #132,169
  • May 14, 2009 3:40am May 14, 2009 3:40am
just patience before it goes up again to 5200
- Always pray on your trading - God know the best for everyone
  • #132,170
  • May 14, 2009 3:43am May 14, 2009 3:43am
Quoting kingindian
just patience before it goes up again to 5200
Though i am not short, i also cant see how it will go higher at the moment.
Attached Image
  • #132,171
  • May 14, 2009 3:55am May 14, 2009 3:55am
Quoting mloistianto
its still bullish why you do short?
What do yo mean by bullish........There is nothing bullish..........
Dailys's 8 hourly 7 hourly an 4 hourlys all are bearish.......if you talking about 4 mins candles...........then ...
I dont know
Let Price determine your future!
  • #132,172
  • May 14, 2009 3:57am May 14, 2009 3:57am
same ere... the trend is bearish and it will touch to 1.49 region till monday.
  • #132,173
  • May 14, 2009 4:02am May 14, 2009 4:02am
head and shoulder maybe...well on my chart its ranging but bullish biased
tested 1.509x couple times ....cant really crack it.

but hey the market just does what it feels like to

thought 5m and 15m are accending triangles
Lets Soar The Sky
  • #132,174
  • May 14, 2009 4:03am May 14, 2009 4:03am
On General what you should see imho is the break candle theory...
So this 4 Hourly Candle is the important one....I will be shorting on every rally it makes.....
5200 dont know.......what and dont really care as long as the gann is pointing down and daily + indicies ie s& P at 890 I short....simple

Good Luck
Let Price determine your future!
  • #132,175
  • May 14, 2009 4:04am May 14, 2009 4:04am
Quoting kingindian
just patience before it goes up again to 5200

I'm with you King and I also have to pray hard .. !! ...
  • #132,176
  • May 14, 2009 4:06am May 14, 2009 4:06am
Quoting dzackfx
I'm with you King and I also have to pray hard .. !! ...
Im sorry to say this my friend but praying in forex will ultimately lead to failure.
  • #132,177
  • May 14, 2009 4:08am May 14, 2009 4:08am
From here to 233 an then short to complete the right shoulder in the next 2 hours ie close to ny open....
Let Price determine your future!
  • #132,178
  • May 14, 2009 4:09am May 14, 2009 4:09am
Quoting dzackfx
I'm with you King and I also have to pray hard .. !! ...
Look at Daily pivot...its not an easy thing to crack......lol
Let Price determine your future!
  • #132,179
  • May 14, 2009 4:14am May 14, 2009 4:14am
Repeating price pattern on GU.

Wondering if its gonna go the same way.
Attached Image (click to enlarge)
Click to Enlarge Name: gu repeating pattern1.JPG Size: 59 KB
bull in a china shop
  • #132,180
  • May 14, 2009 4:16am May 14, 2009 4:16am
Quoting riggster
Im sorry to say this my friend but praying in forex will ultimately lead to failure.
Though off topic but there is always a God factor in every venture.

Btw...Looks like this pair is really tired of going up. I might have to adjust my sell limit to 1560...1575....1585... But still watching anyway
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