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Cable Update (GBPUSD)

  • #196,921
  • Jan 29, 2010 4:05am Jan 29, 2010 4:05am
look at 1 hour candles/tells me down .And if we get 2 pips under that last hourly candle that tells me down with the inside/outside bar
  • #196,922
  • Jan 29, 2010 4:05am Jan 29, 2010 4:05am
Quoting Fx1618
Hi Ctic
tx for both replies. I'll hold till top of hour and make the decision then

M
Keep in mind though, sometimes it takes more than one candle to break lows or highs. All I am saying is to be careful if you are overleveraged.
  • #196,923
  • Jan 29, 2010 4:06am Jan 29, 2010 4:06am
US futures just hit the red area from being up all this time....
  • #196,924
  • Jan 29, 2010 4:10am Jan 29, 2010 4:10am
Quoting Fly2
look at 1 hour candles/tells me down .And if we get 2 pips under that last hourly candle that tells me down with the inside/outside bar
1hr candles look mostly bullish to me
  • #196,925
  • Jan 29, 2010 4:12am Jan 29, 2010 4:12am
Quoting PipLand
1hr candles look mostly bullish to me
I have to agree. We are in a channel on the daily and I believe that we will go to the top of the channel. 4H bullish too.

Same charts I been posting for days. Nothing has changed.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 4 hour.jpg Size: 124 KB
Click to Enlarge Name: daily.jpg Size: 136 KB
  • #196,926
  • Jan 29, 2010 4:12am Jan 29, 2010 4:12am
Quoting PipLand
1hr candles look mostly bullish to me
double top? that screams bear to me.Note that candlesticks don't always hold true but I don't discount them
  • #196,927
  • Jan 29, 2010 4:14am Jan 29, 2010 4:14am
Quoting Fly2
double top?
Top of triangle in my opinion, but who knows?????
  • #196,928
  • Jan 29, 2010 4:14am Jan 29, 2010 4:14am
Quoting antic81
Now I am starting to regret my entry at 150...oh dear!
how ya feel now
  • #196,929
  • Jan 29, 2010 4:17am Jan 29, 2010 4:17am
Quoting Fly2
double top? that screams bear to me.Note that candlesticks don't always hold true but I don't discount them
I agree with Citic we are in a channel. Im playing both sides, however
note higher highs and high lows in the channel.
  • #196,930
  • Jan 29, 2010 4:20am Jan 29, 2010 4:20am
no trend

1.6313***
1.628**
1.621***
1.616
1.6095*
1.606**
1.6025**

http://www.tradingcentral.com/chart/...0129101951.gif
  • #196,931
  • Jan 29, 2010 4:20am Jan 29, 2010 4:20am
Quoting PipLand
I agree with Citic we are in a channel. Im playing both sides, however
note higher highs and high lows in the channel.

Exactly.. Not sure if you can see the triangle I drew on the daily, it is kind of dark, but it does demonstrate that. In addition, I do believe that when this does start trending again it will be bearish. My initial thinking is that it may do something like it did between Dec. 9 2009 - Dec 15. 2009. Only time will tell though. If it holds we will get the spike up and then the huge drop.
  • #196,932
  • Jan 29, 2010 4:20am Jan 29, 2010 4:20am
I think 13 may be key here
  • #196,933
  • Jan 29, 2010 4:22am Jan 29, 2010 4:22am
anyone think it will get to 1.6030 anytime soon?
  • #196,934
  • Jan 29, 2010 4:28am Jan 29, 2010 4:28am
posible head and shoulders 15 min?break of neckline and look out ?
  • #196,935
  • Jan 29, 2010 4:31am Jan 29, 2010 4:31am
whats that supposed to mean?
  • #196,936
  • Jan 29, 2010 4:36am Jan 29, 2010 4:36am
Hi,

Im a newbie to this but can someone please confirm my chart
Attached Image
  • #196,937
  • Jan 29, 2010 4:37am Jan 29, 2010 4:37am
watch january 2009,2008 and 2007
  • #196,938
  • Jan 29, 2010 4:39am Jan 29, 2010 4:39am
feel like I'm watching the superbowl and theres1 seconds left and the kicker needs to make a 55 yard fieldgoal .Either he gets it for the big win or well....
  • #196,939
  • Jan 29, 2010 4:40am Jan 29, 2010 4:40am
hi all update
Attached Image (click to enlarge)
Click to Enlarge Name: m15 cable.gif Size: 31 KB
  • #196,940
  • Jan 29, 2010 4:53am Jan 29, 2010 4:53am
Quoting kill56
hi all update
so whats all that mean?
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