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Cable Update (GBPUSD)

  • #149,661
  • Jul 22, 2009 10:31pm Jul 22, 2009 10:31pm
Quoting albchr
Hey Stew,

I know I need my coffee but man this is some crazy PA to figure right now huh?
Yeah - But the trend is still up - I just go with the flow - lol.
  • #149,662
  • Jul 22, 2009 10:31pm Jul 22, 2009 10:31pm
There seems to be very little volume now. I don't know why. Malcomb or Nevin are the volume experts. I can't see getting out of this consolidation tonight. Maybe later it will pick-up. Volume experts, please chime in.
  • #149,663
  • Jul 22, 2009 10:33pm Jul 22, 2009 10:33pm
Quoting wormboy
Hi chris
we going down
Hi Azim - Think you know my view - But I think it will turn soon Maybe.
  • #149,664
  • Jul 22, 2009 10:34pm Jul 22, 2009 10:34pm
I'm concentrating on the beast today - think that'll turn first.
  • #149,665
  • Jul 22, 2009 10:34pm Jul 22, 2009 10:34pm
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
folks who use indicators, can you plot diversions in chart on 4hr or daily timeframe?


ams
  • #149,666
  • Jul 22, 2009 10:34pm Jul 22, 2009 10:34pm
Morning guyz , wt's up
Seems that big boys wants to make it up
  • #149,667
  • Jul 22, 2009 10:34pm Jul 22, 2009 10:34pm
  •  zykas
  • | Joined Oct 2008 | Status: ... measure thrice, but cut once | 196 Posts
Quoting ch0c0b4d
Hi All...
Great forum,, it's my 1st post here, only my view...
Will test low again @638x or more.. any suggestion would be appreciated..
[IMG][/IMG]
Pls scale your pix smaller
I like the Big Dogs because I trade like them
  • #149,668
  • Jul 22, 2009 10:36pm Jul 22, 2009 10:36pm
GBP/USD M1, M5, M15, M30, H1, H4 Looks all bullish
Just touched the Resistance Level @ 1.6493
  • #149,669
  • Jul 22, 2009 10:39pm Jul 22, 2009 10:39pm
Quoting TheCableGuy
Stairsteps on the POUND, not sure of the time line, but 1.7050 is calling.

Then shorts will jump in and drop the pound 1,000 pips.

Ar u sure?!Dear CableGuy!Haha
  • #149,670
  • Jul 22, 2009 10:39pm Jul 22, 2009 10:39pm
Quoting stewrigh
I'm concentrating on the beast today - think that'll turn first.
welcome to the club

I know your view stew & I agree with you with this slug turning.
I think you know my view also, obvious for a month now lol.
Thank You
  • #149,671
  • Jul 22, 2009 10:40pm Jul 22, 2009 10:40pm
Quoting wormboy
Hi chris
we going down
Hey Azim,

Up down, I don't care as Long as I know first...LOL

Have a question for you Oh TL Master.......Now don't laugh but I drew this after yesterdays fun and I "think" it's pretty much the same as your daily. If so.........

Would this suggest that we're more likely to break the top TL because PA has been rising away from the bottom TL?

I patiently and humbly await your response oh great one...
Attached Image (click to enlarge)
Click to Enlarge Name: gu_d.gif Size: 20 KB
Ghost Rider - WWTBMD?
  • #149,672
  • Jul 22, 2009 10:41pm Jul 22, 2009 10:41pm
Quoting forexlion
i trade fxpro and the average spread on GU is 1 pip

sometimes it is as low as 0.2 pip

fully ecn style
I m using demo with fxpro but I see spread on GU is 2 pips/ EU is 1,5-1,7 pips.
Do they give diff on demo and real account Lion??
  • #149,673
  • Jul 22, 2009 10:41pm Jul 22, 2009 10:41pm
Quoting wormboy
welcome to the club

I know your view stew & I agree with you with this slug turning.
I think you know my view also, obvious for a month now lol.

GL
  • #149,674
  • Jul 22, 2009 10:45pm Jul 22, 2009 10:45pm
Quoting forexlion
should never listen to girlfriend's

jack and jill was better had to close -40 here
So we should listen now to your Jack and Jill, what does it say today?
  • #149,675
  • Jul 22, 2009 10:46pm Jul 22, 2009 10:46pm
I know this is the cable thread - but for anyone interested, if the beast starts south soon it will be a perfect H&S right on resistance.
  • #149,676
  • Jul 22, 2009 10:46pm Jul 22, 2009 10:46pm
The big boys are watching us guys
when we sell the chart move up and up...
  • #149,677
  • Jul 22, 2009 10:47pm Jul 22, 2009 10:47pm
Quoting Fx_newbie
Ar u sure?!Dear CableGuy!Haha
Well, if I was sure on every target, I would be extremely rich

The key word is "time line" it could be Oct or later before we get to 1.7, but historically will reach it, and when we hit, it will play around and get everyone thinking LONGS are in, and it will give a ride south like it did when it reached it's pinnacle.

Of course, with FOREX, all is a speculation, one thing is for sure, I have a 50% chance of it going long, lol.

Enjoy and trade well.
TheCableGuy
  • #149,678
  • Jul 22, 2009 10:52pm Jul 22, 2009 10:52pm
Quoting albchr
Hey Azim ..
master?

Yup pretty much the same on daily & price is challenging to break utl.
But this utl had been solid & I'm not taking any chances going long until price close cleanly above the line. Subtl on my h3 chart here :
http://www.forexfactory.com/showpost...stcount=149645
There's also a possible shampoo in the works.
That coupled with the daily usdlfx hitting rockbottom on the support zone (closed a doji yesterday & opened higher today), and with the dow & s&p closing in red yesterday my money is not on long.
I have far too many reasons to short atm.
But what do I know lol.
Thank You
  • #149,679
  • Jul 22, 2009 10:56pm Jul 22, 2009 10:56pm
Quoting TheCableGuy
Well, if I was sure on every target, I would be extremely rich

The key word is "time line" it could be Oct or later before we get to 1.7, but historically will reach it, and when we hit, it will play around and get everyone thinking LONGS are in, and it will give a ride south like it did when it reached it's pinnacle.

Of course, with FOREX, all is a speculation, one thing is for sure, I have a 50% chance of it going long, lol.

Enjoy and trade well.
Dear CableGUY,so how u c on today?!I buy at 1.64500..
GOOD LUCK
  • #149,680
  • Jul 22, 2009 10:57pm Jul 22, 2009 10:57pm
Thanks fellas

Will check out CMC and FXPro.
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