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Cable Update (GBPUSD)

  • #170,161
  • Sep 28, 2009 11:22am Sep 28, 2009 11:22am
Hi,

GBP have been bearish strongly when market open today but in my opinion the market will slightly bullish until the market rise 1.700 because of the indexes to low since last two week...
  • #170,162
  • Sep 28, 2009 11:22am Sep 28, 2009 11:22am
end of the month 9/09
nervous risk adverse environment
pound below 1.60
dollar strong pound weak
  • #170,163
  • Sep 28, 2009 11:22am Sep 28, 2009 11:22am
Quoting nAVIN2007
i threw in an extra line
Thank You
  • #170,164
  • Sep 28, 2009 11:23am Sep 28, 2009 11:23am
Quoting albchr
So all you smart traders out there. Pound strength or dollar weakness?

salam hi

who got the power shity azz oba
  • #170,165
  • Sep 28, 2009 11:24am Sep 28, 2009 11:24am
Quoting nAVIN2007
i threw in an extra line
  • #170,166
  • Sep 28, 2009 11:26am Sep 28, 2009 11:26am
Quoting wormboy
That double bottom on your m30 and the higher lows are whispering at you tau

Good luck to you & have a good one
Good day to you,

I see what you are referring to....but I would also like to offer a counter argument that we are possibly forming a double top on the same chart? Your opinion?

Which one would carry more "weight" so to speak?

Thank you for your time
  • #170,167
  • Sep 28, 2009 11:29am Sep 28, 2009 11:29am
Quoting nAVIN2007
i threw in an extra line
You should use those magic lines sparingly! They are worth a lot...

  • #170,168
  • Sep 28, 2009 11:33am Sep 28, 2009 11:33am
Quoting TauTrader
Good day to you,

I see what you are referring to....but I would also like to offer a counter argument that we are possibly forming a double top on the same chart? Your opinion?

Which one would carry more "weight" so to speak?

Thank you for your time
erm .. I don't see a double top on that chart tau
Thank You
  • #170,169
  • Sep 28, 2009 11:34am Sep 28, 2009 11:34am
Quoting TauTrader
Good day to you,

I see what you are referring to....but I would also like to offer a counter argument that we are possibly forming a double top on the same chart? Your opinion?

Which one would carry more "weight" so to speak?

Thank you for your time
I agree, there is also a possible double top formation. However, I think right now is it best to see how today's candle closes.
The Sky is the Limit!
  • #170,170
  • Sep 28, 2009 11:36am Sep 28, 2009 11:36am
Ok, I'm outta here. Have a great day folks.
Ghost Rider - WWTBMD?
  • #170,171
  • Sep 28, 2009 11:36am Sep 28, 2009 11:36am
damm we have a red rose in the garden
  • #170,172
  • Sep 28, 2009 11:37am Sep 28, 2009 11:37am
Quoting TauTrader
You should use those magic lines sparingly! They are worth a lot...


I had to do something..price got too close
  • #170,173
  • Sep 28, 2009 11:39am Sep 28, 2009 11:39am
Quoting albchr
Ok, I'm outta here. Have a great day folks.
have a good one chris
Thank You
  • #170,174
  • Sep 28, 2009 11:39am Sep 28, 2009 11:39am
Quoting ahlamo
I agree, there is also a possible double top formation. However, I think right now is it best to see how today's candle closes.
spot on
  • #170,175
  • Sep 28, 2009 11:40am Sep 28, 2009 11:40am
Quoting wormboy
erm .. I don't see a double top on that chart tau
I should have been more clear - I was referring to the current 30 min chart - not the one posted.

Sorry for that

Regards
  • #170,176
  • Sep 28, 2009 11:43am Sep 28, 2009 11:43am
Quoting TauTrader
I should have been more clear - I was referring to the current 30 min chart - not the one posted.

Sorry for that

Regards
Okay.
The double bottom holds more weight because it's already formed.
The "possible" double top had not formed fully & I'd expect the tip of the double bottom low @5810 to be taken out in order to trade the double top.

Have a good one

p/s : btw, there's no need to apologise!
Thank You
  • #170,177
  • Sep 28, 2009 11:45am Sep 28, 2009 11:45am
Quoting TauTrader
I should have been more clear - I was referring to the current 30 min chart - not the one posted.

Sorry for that

Regards
bearish diverence on 15 minute chart
  • #170,178
  • Sep 28, 2009 11:46am Sep 28, 2009 11:46am
Quoting wormboy
Okay.
The double bottom holds more weight because it's already formed.
The "possible" double top had not formed fully & I'd expect the tip of the double bottom low @5810 to be taken out in order to trade the double top.

Have a good one

p/s : btw, there's no need to apologise!
Thank you. Makes perfect sense. Appreciate the comment.

Trade well!

Regards
  • #170,179
  • Sep 28, 2009 11:50am Sep 28, 2009 11:50am
Quoting TauTrader
Thank you. Makes perfect sense. Appreciate the comment.

Trade well!

Regards

kinda like head n shoulder the formation means nothing unless neckline is broken

this mofo cant shake me off this easily... i will ride this like seabiscuit
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  • #170,180
  • Sep 28, 2009 11:54am Sep 28, 2009 11:54am
Quoting nAVIN2007
bearish diverence on 15 minute chart
I have bearish divergence on my 30min chart. With possible bearish divergence forming on my 1hr too.

Regards
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