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Cable Update (GBPUSD)

  • #132,181
  • May 14, 2009 4:19am May 14, 2009 4:19am
either directions are fine with me

come on, just go somewhere, get some volume in there
Lets Soar The Sky
  • #132,182
  • May 14, 2009 4:19am May 14, 2009 4:19am
the 100 EMA is very very strong in the hourly chart.
Attached Image
  • #132,183
  • May 14, 2009 4:24am May 14, 2009 4:24am
Quoting trustGod1234
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
I agree, im not saying i dont believe in god. Im sure he can help you to learn and become successful if you are determined.

But i dont think one should pray that he will move the markets one way or the other.

This is a light hearted responce to what im sure was a light hearted comment.

Right, back to business.
  • #132,184
  • May 14, 2009 4:32am May 14, 2009 4:32am
tighter range now
lets see some break out
Lets Soar The Sky
  • #132,185
  • May 14, 2009 4:34am May 14, 2009 4:34am
Quoting soartosky
tighter range now
lets see some break out
might not see an action until USA data... if the pair acts even tighter than expect the judgment day later on
  • #132,186
  • Edited 5:22am May 14, 2009 4:53am | Edited 5:22am
Quoting riggster
Im sorry to say this my friend but praying in forex will ultimately lead to failure.

Well, After I have made decision and have post open.. the only thing left to do is pray that it go to the desire direction. Of course all this are done after a thorough analysis of indicators. It is not made with a flip of coin.
  • #132,187
  • May 14, 2009 4:53am May 14, 2009 4:53am
The news at 5.30 for the USD... any predictions?
  • #132,188
  • May 14, 2009 4:54am May 14, 2009 4:54am
still no show
Lets Soar The Sky
  • #132,189
  • May 14, 2009 4:56am May 14, 2009 4:56am
Quoting soartosky
still no show
pair is stuck between 100 and 200 EMAs in 1H charts. so far it seems that only the news release can help the pair to break above or below the current level. my bias is a bearish run but this is not confirmed yet. Therefor i am staying put.
  • #132,190
  • May 14, 2009 5:26am May 14, 2009 5:26am
Quoting riggster
Im sorry to say this my friend but praying in forex will ultimately lead to failure.
its jumping down....let see how up after this
- Always pray on your trading - God know the best for everyone
  • #132,191
  • May 14, 2009 5:28am May 14, 2009 5:28am
Here's my wave count attempt.

Attached Image (click to enlarge)
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  • #132,192
  • May 14, 2009 5:40am May 14, 2009 5:40am
wow......heart attack....



still in confidence it may rise to 5250
- Always pray on your trading - God know the best for everyone
  • #132,193
  • May 14, 2009 5:40am May 14, 2009 5:40am
at last broke weekly pivot it was clean hope she will at least move to 50% retracement of this crazy move ............
BANDA333
  • #132,194
  • May 14, 2009 5:41am May 14, 2009 5:41am
Quoting BANDA
at last broke weekly pivot it was clean hope she will at least move to 50% retracement of this crazy move ............
but now we have the 200EMA to think about.
Attached Image
  • #132,195
  • May 14, 2009 5:44am May 14, 2009 5:44am
it broke 200 SMA on IH .........you check EU/GBP it broke the previous high for the day thats reasuring for the move and volume is good ........hope this is a 100-200 pip move not much support there

Quoting Galatasaray
but now we have the 200EMA to think about.
BANDA333
  • #132,196
  • May 14, 2009 5:45am May 14, 2009 5:45am
drop again to 5070...
real hard time...
- Always pray on your trading - God know the best for everyone
  • #132,197
  • May 14, 2009 5:49am May 14, 2009 5:49am
Quoting BANDA
it broke 200 SMA on IH .........you check EU/GBP it broke the previous high for the day thats reasuring for the move and volume is good ........hope this is a 100-200 pip move not much support there
would be more comfortable if the pair closed below the 200 EMA.
I use EMA instead of SMA but both are helpful depending on the strategies used.
  • #132,198
  • May 14, 2009 5:50am May 14, 2009 5:50am
Quoting kingindian
wow......heart attack....



still in confidence it may rise to 5250
Fren, r u sure??...
I think it has possiblity drop to low 4900..
  • #132,199
  • May 14, 2009 5:53am May 14, 2009 5:53am
Quoting yauming
Fren, r u sure??...
I think it has possiblity drop to low 4900..
well then
lets singing we believe it can fly...we believe it can touch the sky....
- Always pray on your trading - God know the best for everyone
  • #132,200
  • May 14, 2009 5:53am May 14, 2009 5:53am
Strong support/resistance level. Look at chart.
Attached Image (click to enlarge)
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