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Cable Update (GBPUSD)

  • #195,961
  • Jan 26, 2010 4:45am Jan 26, 2010 4:45am
Quoting Shad
But If U Can Be Patient , We Will Catch 1.5893 This Week !

It should not be strong, just firm. There are many currency weaker than G.
Face both Win and Lose bravely
  • #195,962
  • Jan 26, 2010 4:49am Jan 26, 2010 4:49am
what do you think about 1.6190 as target, cause on the way down it hasn't been tested as resistance? that means going long for about 70 pips
  • #195,963
  • Jan 26, 2010 4:52am Jan 26, 2010 4:52am
king say's
Attached Image
  • #195,964
  • Jan 26, 2010 5:00am Jan 26, 2010 5:00am
waiting for wormboy to let go the cable up for me to short
  • #195,965
  • Jan 26, 2010 5:00am Jan 26, 2010 5:00am
Quoting kill56
king say's
True.....lol
  • #195,966
  • Jan 26, 2010 5:01am Jan 26, 2010 5:01am
Take a look at TF-15 gb just hit the ground be ware... i'm out
  • #195,967
  • Jan 26, 2010 5:14am Jan 26, 2010 5:14am
it took only 2 hours to send the cable back to almost yesterday low..

is it said that bullish momentum has over?
Patience + Discipline =
  • #195,968
  • Jan 26, 2010 5:16am Jan 26, 2010 5:16am
Quoting [FX]Spectre
Take a look at TF-15 gb just hit the ground be ware... i'm out
Your right. That is the master candle (inside candle) spot that I was talking about earlier. In addition, the chart that WB drew the flag on it is on the bottom wall here. This is the point it has to break to go down for the long haul. May get a bounce up here, may get the break to continue down. I believe that it will continue down unless charts tell me otherwise. We may see a bit of a bounce up here until the US session starts before the move.
  • #195,969
  • Jan 26, 2010 5:18am Jan 26, 2010 5:18am
Quoting Cowboy11
I do not play GU much, GJ, FJ, EJ are giving better return.
What pair is FJ?
  • #195,970
  • Jan 26, 2010 5:19am Jan 26, 2010 5:19am
Quoting Jemmy
it took only 2 hours to send the cable back to almost yesterday low..

is it said that bullish momentum has over?
Possibly but not necessarily. This is the bottom channel wall and the point on the master candle that needs to be broken to continue downward. If it bounces up from this point (more than an normal retracement), the bulls have returned otherwise, the bears will continue to dominate.
  • #195,971
  • Jan 26, 2010 5:20am Jan 26, 2010 5:20am
Quoting Jemmy
it took only 2 hours to send the cable back to almost yesterday low..

is it said that bullish momentum has over?
If it breaks and holds below 16100 i am going short,
  • #195,972
  • Jan 26, 2010 5:22am Jan 26, 2010 5:22am
Quoting Jemmy
it took only 2 hours to send the cable back to almost yesterday low..

is it said that bullish momentum has over?

I think that the reaction at that level will give a good indication of direction as my rather enlightened friend Mr Wormboy mentioned to me earlier, I am on the sidelines until then, a solid break then I would say the bears are in charge.
  • #195,973
  • Jan 26, 2010 5:26am Jan 26, 2010 5:26am
Quoting XTrade
EXACTLY!


This is all BS.
No news backing it up. Just Profit taking and perhaps some manipulation.
Usually this market does not move this fast down.

Cable was rejected. However...

Check out.
Aussie,
Dragon,
Fibre...??

What is driving dollar strength right now???
I will be watching tonight..
London "should" resume the trend/s at least the way I see it.
Going to read news now.... be back.

DEMAND
  • #195,974
  • Jan 26, 2010 5:28am Jan 26, 2010 5:28am
http://www.forexfactory.com/showpost...4&postcount=20

Posted this chart yesterday in my journal. Show's very good reason for the fall. The move up was simply a pullback into resistance.

Too bad I had to close early before bed
  • #195,975
  • Jan 26, 2010 5:28am Jan 26, 2010 5:28am
Quoting Jemmy
it took only 2 hours to send the cable back to almost yesterday low..

is it said that bullish momentum has over?


Yeah It's Dead !

But The Bear Is Alive & Goes Crazy !

Attached Images
* Never Trust To Any Indicator *
  • #195,976
  • Jan 26, 2010 5:30am Jan 26, 2010 5:30am
Quoting jack.canadia
DEMAND
Not demand..

ITHPOP

IDIOTS THAT HAVE POSITIONS OF POWER.

Oboma, Bernake, The senate, The House, The Vice President, The cabinet.

About the only one that is any good there is the janitor. He knows his shit.
  • #195,977
  • Jan 26, 2010 5:31am Jan 26, 2010 5:31am
Closing with 20 pips ... Very extreme risk i assume yesterday...
... All good things come to those who wait...
  • #195,978
  • Jan 26, 2010 5:37am Jan 26, 2010 5:37am
Quoting ZeroPip
Closing with 20 pips ... Very extreme risk i assume yesterday...
Wow have you been holding that short since yesterday
  • #195,979
  • Jan 26, 2010 5:38am Jan 26, 2010 5:38am
Quoting Ctic
Possibly but not necessarily. This is the bottom channel wall and the point on the master candle that needs to be broken to continue downward. If it bounces up from this point (more than an normal retracement), the bulls have returned otherwise, the bears will continue to dominate.
CTiC,
I wanted to thank you the other day when you discussed...
"Taking Your Profit's"... I wholeheartedly agree w/that concept now.
I tryed "my way" and garnerd only 40 out of a 100 pip move.
"Why do that," -i remember you recanting, -about taking profits.

Sure i believe she's eventually gonna break, maybe -but maybe not today.
Today i got 110 out of the 120 or so i could have gotten from my entry.
Took The profit in front of me... Thank You CTiC for your input here.
Here's my Crude Chicken Scratch Drawing on 'Chart- 1.6077 must be taken out (agree above) for downtrend to continue.
Best of Pipping,
And Thanks Again,

Jeff !
Attached Image (click to enlarge)
Click to Enlarge Name: 26_Jan2009 110 Pip Slide GBP_USD Failure Upwards.jpg Size: 247 KB
I will work to Objectively Identify my Edges
  • #195,980
  • Jan 26, 2010 5:40am Jan 26, 2010 5:40am
The Reason Is Clear !

Usd / Chf Is On Her Way To Upside !
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDCHF, D1_20100126.jpg Size: 70 KB
Click to Enlarge Name: USDCHF, W1_20100126.jpg Size: 80 KB
* Never Trust To Any Indicator *
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