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Cable Update (GBPUSD)

  • #196,961
  • Jan 29, 2010 6:20am Jan 29, 2010 6:20am
In long at 1.6126 miss the chance to close when it touch 1.6178. Hope it goes back up once more before either heading south or continue north.
  • #196,962
  • Jan 29, 2010 6:31am Jan 29, 2010 6:31am
if i get a 1 hour candle close below 6109 i might sell
  • #196,963
  • Jan 29, 2010 6:33am Jan 29, 2010 6:33am
Quoting Theforexway
All but positive GU will go down to test the most recent low of 1.6109ish. Once below that we will see 1.6046ish. It's all about fibs!!!!!!!
What time frame you looking at. This is my 8 hour with Fibs, the blue area is THE BUY ZONE - but only if I get a bullish Candle formation.
Attached Image (click to enlarge)
Click to Enlarge Name: 8hour29Jan.jpg Size: 31 KB
May the forex be with you |
  • #196,964
  • Jan 29, 2010 6:35am Jan 29, 2010 6:35am
would you say the 1 hour has a h&s?
  • #196,965
  • Jan 29, 2010 6:37am Jan 29, 2010 6:37am
I was looking more at the lower TF. 15m and 1hr. Being Friday i don't want to get into anything that will put into the weekend!
  • #196,966
  • Jan 29, 2010 6:39am Jan 29, 2010 6:39am
Here we are!!!!!! 1.6109
  • #196,967
  • Jan 29, 2010 6:41am Jan 29, 2010 6:41am
It just caught my buy at 6110...
A. Finesse Williams Making Millions One Pip At A Time!
  • #196,968
  • Jan 29, 2010 6:44am Jan 29, 2010 6:44am
still short---pierced yesterdays low by 3 pips
  • #196,969
  • Jan 29, 2010 6:44am Jan 29, 2010 6:44am
Quoting Fly2
would you say the 1 hour has a h&s?
Don't see 1
A. Finesse Williams Making Millions One Pip At A Time!
  • #196,970
  • Jan 29, 2010 6:45am Jan 29, 2010 6:45am
Quoting Fly2
would you say the 1 hour has a h&s?
A little hard to see on the one hour but yes there is one there
  • #196,971
  • Jan 29, 2010 6:45am Jan 29, 2010 6:45am
Quoting Fly2
would you say the 1 hour has a h&s?
Nope, not yet - Left shoulder and head, but no right shoulder yet. if it goes back up right shoulder could form. My rule for H&S is that it must = or be lower than than the low between the lft shoulder and the head - same as a crown. Other people may have different rules, so will be interested to see what others have to say.
May the forex be with you |
  • #196,972
  • Jan 29, 2010 6:46am Jan 29, 2010 6:46am
Will she break or won't she? I like the break....
Attached Image (click to enlarge)
Click to Enlarge Name: cable.JPG Size: 111 KB
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #196,973
  • Jan 29, 2010 6:47am Jan 29, 2010 6:47am
Quoting Ctic
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.
I hope you're making pips of of it. These bankers do the same thing. And they trade simple... But why the down forcast?
A. Finesse Williams Making Millions One Pip At A Time!
  • #196,974
  • Jan 29, 2010 6:48am Jan 29, 2010 6:48am
Quoting Bull_Bear
Will she break or won't she? I like the break....
totally agree, Babytrader may get all his pips back in the next few days
  • #196,975
  • Jan 29, 2010 6:49am Jan 29, 2010 6:49am
short is safe below 1.6070
  • #196,976
  • Jan 29, 2010 6:50am Jan 29, 2010 6:50am
Quoting Fly2
Get your popcorn ready
and don't forget ur coffee..
Attached Image
  • #196,977
  • Jan 29, 2010 6:52am Jan 29, 2010 6:52am
:nerd:1.6113 !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #196,978
  • Jan 29, 2010 6:54am Jan 29, 2010 6:54am
Quoting FXFundi
Nope, not yet - Left shoulder and head, but no right shoulder yet. if it goes back up right shoulder could form. My rule for H&S is that it must = or be lower than than the low between the lft shoulder and the head - same as a crown. Other people may have different rules, so will be interested to see what others have to say.
on Oanda chart is clear as can be
  • #196,979
  • Jan 29, 2010 6:55am Jan 29, 2010 6:55am
Quoting manize
:nerd:1.6113 !
1.6113....brek...sell or buy master?...i follow all your post...u great...thanx a lot master...
Revesal Trader
  • #196,980
  • Jan 29, 2010 6:56am Jan 29, 2010 6:56am
Quoting Fly2
on Oanda chart is clear as can be
can u post it? I think I was looking at the wrong time frame.
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