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Cable Update (GBPUSD)

  • #158,201
  • Aug 16, 2009 4:25pm Aug 16, 2009 4:25pm
Quoting I like steak
Here is my weekly cable analysis


I think this 1.64 level may provide good resistance but if we go through there should be good for 1.6220?
  • #158,202
  • Aug 16, 2009 4:27pm Aug 16, 2009 4:27pm
Quoting I like steak
I think this 1.64 level may provide good resistance but if we go through there should be good for 1.6220?
1.6208
I am back. Actually, I never left...
  • #158,203
  • Aug 16, 2009 4:37pm Aug 16, 2009 4:37pm
Happy aniversary iffty....
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #158,204
  • Aug 16, 2009 4:39pm Aug 16, 2009 4:39pm
Quoting Bull_Bear
Happy aniversary iffty....
Hello BB!

Do you think that this is a good time to entr for some retracement.?
I am back. Actually, I never left...
  • #158,205
  • Aug 16, 2009 4:41pm Aug 16, 2009 4:41pm
Hey Guyz , notice that we opened below the weekly trend which is @ 6504, while we opened @ 6502 , that's a 38 pip gap, till now no attempts to rally towards the previous close, I wonder why. But for me I'm now 95% sure that we are heading south.
BTW " Taragula " you have the exact number that I have as first tgt 6208
  • #158,206
  • Aug 16, 2009 4:42pm Aug 16, 2009 4:42pm
Quoting taragula
1.6208
ok then...
  • #158,207
  • Aug 16, 2009 4:42pm Aug 16, 2009 4:42pm
hii all tell me what u think pls
Attached Image (click to enlarge)
Click to Enlarge Name: gbp h4.GIF Size: 23 KB
  • #158,208
  • Aug 16, 2009 4:46pm Aug 16, 2009 4:46pm
Quoting Bull_Bear
Happy aniversary iffty....
Thanks very much bro. Well a new start to our trading week. Lets get some pips for next weekend. Good luck all.
You've got to be IN IT to WIN IT!
  • #158,209
  • Aug 16, 2009 4:49pm Aug 16, 2009 4:49pm
Quoting taragula
Hello BB!

Do you think that this is a good time to entr for some retracement.?
Hi Tar, I think the bottom of Fridays range is not a silly spot to enter, as it has offered plenty of support. However trade decisions and plans should be executed and planned out by you. At the end of the day its your money, so its you call my friend.

I on the other hand am holding short positions so am not taking any longs till TL breach and 1.6600 high.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #158,210
  • Aug 16, 2009 4:51pm Aug 16, 2009 4:51pm
Quoting Ifty
Thanks very much bro. Well a new start to our trading week. Lets get some pips for next weekend. Good luck all.
Agreed Ifty, BEER money for Friday is all I want

See you guys at the London session
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #158,211
  • Aug 16, 2009 5:28pm Aug 16, 2009 5:28pm
Quoting Riskee
Hey Guyz , notice that we opened below the weekly trend which is @ 6504, while we opened @ 6502 , that's a 38 pip gap, till now no attempts to rally towards the previous close, I wonder why. But for me I'm now 95% sure that we are heading south.
BTW " Taragula " you have the exact number that I have as first tgt 6208
the daily trend support for today is 6450. the market at the moment is showing uptrend. if it goes above 6545 then it time to plan a buy. I'm 95% sure it will go above 6545.
  • #158,212
  • Aug 16, 2009 5:34pm Aug 16, 2009 5:34pm
Little lot on up side for now....
Waiting for that gap to be close.

http://www.joepaduda.com/scrambled-t...ystal-ball.JPG
  • #158,213
  • Edited 6:14pm Aug 16, 2009 5:44pm | Edited 6:14pm
can any1 please show me how to draw the weekly fib on gu please, It doesnot match any level around 1.7000 on my chart, my 50% @ 7320 and 38.1% @ 6406, but I saw many chart you guys showed the 50% around 7000.

thank you so much.
  • #158,214
  • Aug 16, 2009 6:35pm Aug 16, 2009 6:35pm
Have you ever see a gap not filled over Forex, ok, maby sometimes whit a delay... but i personnaly never say a gap not close into 3 years of FX.

Let's see, reload here, small lot.
  • #158,215
  • Aug 16, 2009 6:47pm Aug 16, 2009 6:47pm
Bad Indicator of Economy....
  • #158,216
  • Aug 16, 2009 6:53pm Aug 16, 2009 6:53pm
Quoting Bull_Bear
However trade decisions and plans should be executed and planned out by you. At the end of the day its your money, so its you call my friend.
No better advice. Sometimes i went against some of members opinion, and i made some nice profit. It depends on you and only you because its your money. For me, i'm seeing a lot of signal of bear which i explain last page. After the market was open, i saw again on 5 mn chart decending triangle which is normally going down trend. Waiting for confirmation with Europeen session, otherwise no trades. I prefer keeping my money and entering with maximum odds in my favour, than going for unknown risk.
If you resist at heart attack, you will be rich from trading.
  • #158,217
  • Aug 16, 2009 7:14pm Aug 16, 2009 7:14pm
First support level 1.6476 from Pivot point is touched and slightly crossed. Who trust again on bull?
If you resist at heart attack, you will be rich from trading.
  • #158,218
  • Aug 16, 2009 7:49pm Aug 16, 2009 7:49pm
Still, more then ever! hehe!
Cheap place to buy

1.6460 = 11.4% of last move down and 23.6% of last move up
  • #158,219
  • Aug 16, 2009 7:56pm Aug 16, 2009 7:56pm
Took a small sample @ 1.6463. Hopefully sellers done for a while and bring on the bulls!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #158,220
  • Aug 16, 2009 7:57pm Aug 16, 2009 7:57pm
Quoting Magix
Took a small sample @ 1.6463. Hopefully sellers done for a while and bring on the bulls!
I can be wrong but asian move is more then often the "wrong" move, like being there to fool peeps about direction and clear stop loss.
This is a pure

Let's see!
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