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Cable Update (GBPUSD)

  • #185,981
  • Dec 4, 2009 1:08am Dec 4, 2009 1:08am
the question on our mind is, will it go shouth?? or should i stop my losses now?
  • #185,982
  • Dec 4, 2009 1:15am Dec 4, 2009 1:15am
Quoting Wharfe
Out of interest what time do you use for daily open?

00:00 GMT/BST depending on the time of year?

I personally use the NY close time as the start of the next day, and work on a 25 pips above or below that as an indication of the daily trend.
I am in miami so i gues ET right ? Its 7 pm in miami
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  • #185,983
  • Dec 4, 2009 1:18am Dec 4, 2009 1:18am
Quoting andpur
the question on our mind is, will it go shouth?? or should i stop my losses now?
I was afraid it might turn so i got out with 64 and will wait for signs to go south when i dont know . I also close eur gbp for 30 so i am happy for tonight already
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  • #185,984
  • Dec 4, 2009 1:19am Dec 4, 2009 1:19am
just past 6616...
should heading up to 6663....
buy at 1.6620 with tight SL at pivot...
  • #185,985
  • Dec 4, 2009 1:27am Dec 4, 2009 1:27am
The way I see it, if it holds above 1.6000 n breach 1.6650, it'll go to 6670 and eventually 6715 but if it breach below 1.6600, then we are looking at ard 1.6530-20 lvl...only time will tell...waiting NY to open b4 deciding to do anything. Gud luck all...
  • #185,986
  • Dec 4, 2009 1:28am Dec 4, 2009 1:28am
Sorry...hold above 1.6600.
  • #185,987
  • Dec 4, 2009 1:29am Dec 4, 2009 1:29am
evening star in a thirty minute chart,may be it will start to go down
  • #185,988
  • Dec 4, 2009 1:30am Dec 4, 2009 1:30am
Dollar index is going higher from a bounce . It might drive the cable south.be carefull
Attached Image (click to enlarge)
Click to Enlarge Name: usd.gif Size: 18 KB
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  • #185,989
  • Dec 4, 2009 1:32am Dec 4, 2009 1:32am
it's quite a stall situation, could go anywhere north or south I presume... in my ignorance I'd say there will be some ups & downs until NY open...
  • #185,990
  • Dec 4, 2009 1:33am Dec 4, 2009 1:33am
Quoting ammarmemon
evening star in a thirty minute chart,may be it will start to go down
yeah..maybe youre right..
  • #185,991
  • Dec 4, 2009 1:36am Dec 4, 2009 1:36am
i'm short @.661 tight SL looking for 655.
Looks like it reached the top..
Jacko's turtle
  • #185,992
  • Dec 4, 2009 1:37am Dec 4, 2009 1:37am
Quoting ammarmemon
evening star in a thirty minute chart,may be it will start to go down
WOW didnt se that. I was hoping for south but that ES is half confirmation so me getting ready to go short.Will wait for my confirmations

Thanks man
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  • #185,993
  • Edited 2:12am Dec 4, 2009 2:01am | Edited 2:12am
Just another view

If it doesnt Break the BLUE channel to the top, will come down and Break the BLACK channel. There is no third way to go . HAHA
Attached Image (click to enlarge)
Click to Enlarge Name: gbp ch 1.gif Size: 23 KB
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  • #185,994
  • Dec 4, 2009 2:03am Dec 4, 2009 2:03am
shorted @ 6630 with tight SL...let's see where it goes...
  • #185,995
  • Dec 4, 2009 2:13am Dec 4, 2009 2:13am
some good data out of the UK - Car sales higher and Construction output increased by 2% - Think the market is waiting for US Job Data out in just over 3 hours. Bad job data and cable will hit 1.67 (I think)
May the forex be with you |
  • #185,996
  • Dec 4, 2009 2:13am Dec 4, 2009 2:13am
I'm holding my longs... no clear sign of reversal on 1H/4H
SL 1.6595
  • #185,997
  • Dec 4, 2009 2:15am Dec 4, 2009 2:15am
based on above, I'll hold my long - SL break even at 16600; TP 16700
May the forex be with you |
  • #185,998
  • Dec 4, 2009 2:24am Dec 4, 2009 2:24am
Quoting samdani786
Just another view

If it doesnt Break the BLUE channel to the top, will come down and Break the BLACK channel. There is no third way to go . HAHA
The look of the 5min chart telling me that cable is getting ready to go noth again IMHO . Ofcourse i can be completely wrong.
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File Type: tpl gbp 5 min.tpl   9 KB | 371 downloads
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  • #185,999
  • Dec 4, 2009 2:25am Dec 4, 2009 2:25am
Quoting samdani786
The look of the 5min chart telling me that cable is getting ready to go noth again IMHO . Ofcourse i can be completely wrong.
ops
Attached Image (click to enlarge)
Click to Enlarge Name: gbp m5.gif Size: 22 KB
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  • #186,000
  • Dec 4, 2009 2:28am Dec 4, 2009 2:28am
Quoting FXFundi
based on above, I'll hold my long - SL break even at 16600; TP 16700
Good Luck Bro .
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