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Cable Update (GBPUSD)

  • #202,961
  • Mar 2, 2010 3:33pm Mar 2, 2010 3:33pm
Breakout is imminent. 4986 (Psych 5000) does not want to give so easy to the bulls. Further range always a possibility.

Keep an eye on Bollinger bands, the tighter the constriction and higher the TF the more explosive the breakout (Usually)

Where is Dr. D? Compression Chart should be shaping up nicely.
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XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #202,962
  • Mar 2, 2010 3:38pm Mar 2, 2010 3:38pm
Quoting ferndog
Anything below 1.5000 you need to short. So look for it to go to 1.4950 & then 1.4900. Needs to break above 1.5 in order to buy imho.
definitely some merit to that. I first went long this morning at 1.4877 and added as I went. All of them are closed except my last buy at 1.4914. I had hoped it would punch right through the 1.5000 level but it's really fighting. I am a little concerned but the market is really oversold so it's got to retrace somewhere and I think now is the best spot we've seen for that in the last couple of weeks so we'll see. Hope I'm right.
  • #202,963
  • Mar 2, 2010 4:12pm Mar 2, 2010 4:12pm
IMHO Cable will go to the bottom like 1.2000-1.2900 /longer term
I just dont know what it will do before that what do you think guys ?
  • #202,964
  • Mar 2, 2010 4:16pm Mar 2, 2010 4:16pm
enough fun. Let's back to business.
Nice Daily Pin Bar

DP @1.4939
S1 @1.4879
R1 @1.5027
R2 @1.5084.

Let's start betting.

Me expecting R2. you ??
  • #202,965
  • Mar 2, 2010 4:26pm Mar 2, 2010 4:26pm
thats what i see up an h1 open above 15000
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  • #202,966
  • Mar 2, 2010 4:30pm Mar 2, 2010 4:30pm
Love to see GBPUSD go down...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #202,967
  • Mar 2, 2010 4:53pm Mar 2, 2010 4:53pm
by the way 4 hour

still bearish with a tinge of recovery
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  • #202,968
  • Mar 2, 2010 5:01pm Mar 2, 2010 5:01pm
Quoting forexlion
by the way 4 hour

still bearish with a tinge of recovery
1 hour stopped movn here which means recovery is just a trap
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  • #202,969
  • Mar 2, 2010 5:05pm Mar 2, 2010 5:05pm
Quoting forexlion
1 hour stopped movn here which means recovery is just a trap
Could be, do you think time of day and lack of market participants is a contributing factor to price losing momentum or do you believe that the 1.5000 will just hold and south we go from here?
  • #202,970
  • Mar 2, 2010 5:09pm Mar 2, 2010 5:09pm
If support holds, heres the next relevant time frame target.

15m 200EMA.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #202,971
  • Mar 2, 2010 5:14pm Mar 2, 2010 5:14pm
Immediate time frames support.

Clearly written in the moving averages...(just messin with ya JR...)

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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #202,972
  • Mar 2, 2010 5:17pm Mar 2, 2010 5:17pm
Quoting JRoyal
Could be, do you think time of day and lack of market participants is a contributing factor to price losing momentum or do you believe that the 1.5000 will just hold and south we go from here?
4H EW

I could be wrong here though, but we will test 2008 lows in the long run
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  • #202,973
  • Mar 2, 2010 5:29pm Mar 2, 2010 5:29pm
Quoting forexlion
4H EW

I could be wrong here though, but we will test 2008 lows in the long run
and 1 Hour EW
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  • #202,974
  • Mar 2, 2010 5:31pm Mar 2, 2010 5:31pm
so will gbpusd continue to be bearish
  • #202,975
  • Edited 6:00pm Mar 2, 2010 5:34pm | Edited 6:00pm
Recent market action blew the formation.

Hi all!

Based on the Pennant that "seems" to be forming - could be in for another big dump.

Flagpole is 400 pips.

Not around much and only post when I see something that might be helpful.

Good Luck,
BR
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  • #202,976
  • Mar 2, 2010 5:34pm Mar 2, 2010 5:34pm
Quoting XTrade
Breakout is imminent. 4986 (Psych 5000) does not want to give so easy to the bulls. Further range always a possibility.

Keep an eye on Bollinger bands, the tighter the constriction and higher the TF the more explosive the breakout (Usually)

Where is Dr. D? Compression Chart should be shaping up nicely.
Suspended myself from trading since no one else would. LOL

Dr. D.
  • #202,977
  • Mar 2, 2010 5:37pm Mar 2, 2010 5:37pm
all i know is that im long at 1.4871 with s/l at 1.4779 and t/p at 1.5463. good luck to all
http://cdn.forexfactory.com/images/s...m/thumbsup.gif

http://cdn.forexfactory.com/images/misc/progress.gif

  • #202,978
  • Mar 2, 2010 5:39pm Mar 2, 2010 5:39pm
Quoting handipips
all i know is that im long at 1.4871 with s/l at 1.4779 and t/p at 1.5463. good luck to all
http://cdn.forexfactory.com/images/s...m/thumbsup.gif

http://cdn.forexfactory.com/images/misc/progress.gif

Really, this is all that you know?

Cummon man, you gotta be fooling with us...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #202,979
  • Mar 2, 2010 5:43pm Mar 2, 2010 5:43pm
Quoting forexlion
4H EW

I could be wrong here though, but we will test 2008 lows in the long run
Agree with you
Could you post daily chart with Advanced Get
Thanks
  • #202,980
  • Mar 2, 2010 5:44pm Mar 2, 2010 5:44pm
Quoting handipips
lets's not talk trash, let the market speak for itself, good luck my boy
okay buddy i am in with ya
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