Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

#163,161
Sep 3, 2009 8:13am Sep 3, 2009 8:13am

nAVIN2007
Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts

i think this is very dangerous and can go either way...

on dailly i see a channel which we brokeout of and a possibility of a falling wedge which we also broke out of....either this is a pullback to channel..or the wedge (bullish) is in play....

see chart1 and chart 2 is 4hr zoomed in

second chart is of dollar index...and the mofo is as confusd as me as to the direction......see second chart..

what do u guys think?..i think news will show the direction as the dollar strength is in consolidation.....

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#163,162
Sep 3, 2009 8:14am Sep 3, 2009 8:14am

Bull_Bear
Joined Mar 2009 | Status: FX | 3,789 Posts

Quoting direct-trade

Disliked

Cheers mate, sorry to see your wings clipped on that spike, really.

Im sure you'll still be pulling a few beers out of the bag before the week ends. Good luck bro and see you tom. NY NFP.

Ignored

All good bro still ahead this week

Veni, Vidi, Vici (We came, we saw, we conquered)

#163,163
Sep 3, 2009 8:15am Sep 3, 2009 8:15am

wormboy
Joined Jan 2009 | Status: Not bothered. | 18,084 Posts

Quoting Bull_Bear

Disliked

safety play......

I have a sell order for cable again....

1.6380... SL... 1.6490.... TP 1.6280

Ignored

you'd have to go cheap here methinks bro. h1 ltl resistance from 6113 swing low stops dead @6300 on my chart. First tp there at the test would be good methinks. Do you see it?

Thank You

#163,164
Sep 3, 2009 8:18am Sep 3, 2009 8:18am

wormboy
Joined Jan 2009 | Status: Not bothered. | 18,084 Posts

Quoting nAVIN2007

Disliked

i think this is very dangerous and can go either way...

on dailly i see a channel which we brokeout of and a possibility of a falling wedge which we also broke out of....either this is a pullback to channel..or the wedge (bullish) is in play....

see chart1 and chart 2 is 4hr zoomed in

second chart is of dollar index...and the mofo is as confusd as me as to the direction......see second chart..

what do u guys think?..i think news will show the direction as the dollar strength is in consolidation.....

Ignored

Weekly rising wedge holds more weight bro. Until that gets cancelled out I think shorts are much safer bet than longs.

Thank You

#163,165
Sep 3, 2009 8:18am Sep 3, 2009 8:18am

Bull_Bear
Joined Mar 2009 | Status: FX | 3,789 Posts

Quoting Jimz

Disliked

i'm with you BB

Ignored

Good luck mate, make sure you take it off the table if its does not hit in the next 3 hours.

I just took a heavy loss so be weary following my plan.

Veni, Vidi, Vici (We came, we saw, we conquered)

#163,166
Sep 3, 2009 8:23am Sep 3, 2009 8:23am

nAVIN2007
Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts

Quoting wormboy

Disliked

Weekly rising wedge holds more weight bro. Until that gets cancelled out I think shorts are much safer bet than longs.

Ignored

im thinking same..it is with the bloody trend as well.....if the 4hr close like like it is now i will be tempted..

another thing is dollar on weekly and monthly look like to me leaning towards being bullish....

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#163,167
Sep 3, 2009 8:26am Sep 3, 2009 8:26am

born2win
| Joined Sep 2009 | Status: Trader | 7 Posts

Here is my piece for what it is worth

Last Down AB broken - New Uptrend forming: Breaking of 16379 and reaching FIB 161.8 target. Expect retrace and bounce at Fib 38.2 to Target Fib level 161.8 at 16597

Attached File(s)

GBEUSD240.doc 77 KB | 232 downloads

#163,168
Sep 3, 2009 8:26am Sep 3, 2009 8:26am

Bull_Bear
Joined Mar 2009 | Status: FX | 3,789 Posts

Quoting wormboy

Disliked

you'd have to go cheap here methinks bro. h1 ltl resistance from 6113 swing low stops dead @6300 on my chart. First tp there at the test would be good methinks. Do you see it?

Ignored

Yeah, Its a cheap 1 lot bro..... I see it....

Anyway, leaving on the table till tom and see how it panes out. May not even get in trade. Lets see.

I'm outta bro

Take easy guys
Catch you tom

Veni, Vidi, Vici (We came, we saw, we conquered)

#163,169
Sep 3, 2009 8:34am Sep 3, 2009 8:34am

wormboy
Joined Jan 2009 | Status: Not bothered. | 18,084 Posts

Quoting nAVIN2007

Disliked

im thinking same..it is with the bloody trend as well.....if the 4hr close like like it is now i will be tempted..
another thing is dollar on weekly and monthly look like to me leaning towards being bullish....

Ignored

yup. my H4 closes in 90 odd minutes. If she as much as engulfs you'll get your cue bro

And below is the dollar. Triple bottom? How you like them lemons?

The weekly is the same as the one posted before:
http://www.forexfactory.com/showpost...postcount=2602

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Thank You

#163,170
Sep 3, 2009 8:41am Sep 3, 2009 8:41am

nAVIN2007
Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts

Quoting wormboy

Disliked

yup. my H4 closes in 90 odd minutes. If she as much as engulfs you'll get your cue bro

And below is the dollar. Triple bottom? How you like them lemons?

Ignored

i think this is the one...

#163,171
Sep 3, 2009 8:51am Sep 3, 2009 8:51am

wormboy
Joined Jan 2009 | Status: Not bothered. | 18,084 Posts

Quoting nAVIN2007

Disliked

i think this is the one...

Ignored

Here's the gbplfx weekly btw. Double top, shooting star, crows & price below ltl with the descending utl acting as a moving resistance does not spell bullish in my book.
Maybe I'm slow but I can't for the life of me see 7000 level on cable based on these. I do hope anyone who sees 7000 as a target share the technicalities here.
Thanks.

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Thank You

#163,172
Sep 3, 2009 8:58am Sep 3, 2009 8:58am

albchr
Joined Mar 2009 | Status: Trader | 25,480 Posts

Quoting wormboy

Disliked

Here's the gbplfx weekly btw. Double top, shooting star, crows & price below ltl with the descending utl acting as a moving resistance does not spell bullish in my book.
Maybe I'm slow but I can't for the life of me see 7000 level on cable based on these. I do hope anyone who sees 7000 as a target share the technicalities here.
Thanks.

Ignored

OK buddy, I've been wondering about this for quite a while now. And I'm sure if I dug deep enough back I could find it but, being too lazy......Crows??

Ghost Rider - WWTBMD?

#163,173
Sep 3, 2009 9:06am Sep 3, 2009 9:06am

wormboy
Joined Jan 2009 | Status: Not bothered. | 18,084 Posts

Quoting albchr

Disliked

OK buddy, I've been wondering about this for quite a while now. And I'm sure if I dug deep enough back I could find it but, being too lazy......Crows??

Ignored

it's the 3 black crows formation bro. This appearance on the weekly came right after the shooting star. Those are strong top reversal formations lined up side by side.

Thank You

#163,174
Sep 3, 2009 9:06am Sep 3, 2009 9:06am

albchr
Joined Mar 2009 | Status: Trader | 25,480 Posts

Quoting wormboy

Disliked

it's the 3 black crows formation bro. This appearance on the weekly came right after the shooting star. Those are strong top reversal formations lined up side by side.

Ignored

Thank you oh magnificent one...

Ghost Rider - WWTBMD?

#163,175
Sep 3, 2009 9:08am Sep 3, 2009 9:08am

bidalufias
| Commercial User | Joined Jun 2009 | 74 Posts

Quoting wormboy

Disliked

it's the 3 black crows formation bro. This appearance on the weekly came right after the shooting star. Those are strong top reversal formations lined up side by side.

Ignored

dare to dream of 5300 again?