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Cable Update (GBPUSD)

  • #203,461
  • Mar 4, 2010 7:09am Mar 4, 2010 7:09am
Quoting Magix
In a chart, here is how I see it...

The 200EMA target on the 1hr sits at about 1.5201 current, of course subject to move with time and price, and not shown here...but the rest looks like this.

4HR...support of the 24SMA holds currently, breached but not closed below.
15m chart shows that long side was not negated by a short confirmation, and has reengaged.

30m...price above 200EMA looking to possible to drag 24SMA up for clear confirmation of long side to 1hr resistance, if not just an attack at yesterdays HOD.

A price point reaction is...

MR. MAGIX I AM AN AVID FAN OF YOUR ANALYSIS BUT IT WOULD SEEM THAT YOU DID NOT NOTICE THAT THE HOURLY CANDLE REFUSED TO CLOSE ABOVE 1.5100. THE CLOSE OF ANOTHER HOURLY CANDLE BELOW 1.5100 WILL SEND CABLE DOWN THE SEWERS AGAIN.
SCARED MONEY NEVER DOES GOOD IN FOREX
  • #203,462
  • Mar 4, 2010 7:10am Mar 4, 2010 7:10am
Quoting kill56
sis he is thee only one who control the darn cable take up or down he use his voodoo
I dunno voodoo
but we goin up.
Thank You
  • #203,463
  • Mar 4, 2010 7:10am Mar 4, 2010 7:10am
hi guys,

are we getting a top at 1.5110?
  • #203,464
  • Mar 4, 2010 7:11am Mar 4, 2010 7:11am
still my veiw is the same from last week nothing changed but i might be wrong lets wait and see what trichet come with and the darn NFP
Attached Image (click to enlarge)
Click to Enlarge Name: n weekly cable.gif Size: 37 KB
  • #203,465
  • Mar 4, 2010 7:15am Mar 4, 2010 7:15am
Quoting omiunu
MR. MAGIX I AM AN AVID FAN OF YOUR ANALYSIS BUT IT WOULD SEEM THAT YOU DID NOT NOTICE THAT THE HOURLY CANDLE REFUSED TO CLOSE ABOVE 1.5100. THE CLOSE OF ANOTHER HOURLY CANDLE BELOW 1.5100 WILL SEND CABLE DOWN THE SEWERS AGAIN.
We all have our own personal take on trading.

It would seem to me that you have assumed the bear position, where I prefer to wait for confirmation.

My confirmation is still that to the longside, but subject to change with price movement.

Good luck with the play.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #203,466
  • Mar 4, 2010 7:15am Mar 4, 2010 7:15am
All I can say is that, I think we will test the low of 1.485, before there can be 400/500 pips move up. I am not in the GU, right the EUR/GBP looks a lot more easier to predict i.e. DOWN! for around 200 or so pips .
If it floats, flies, or f%^ks, rent it, it's cheaper.
  • #203,467
  • Mar 4, 2010 7:15am Mar 4, 2010 7:15am
Quoting wormboy
I dunno voodoo
but we goin up.

u see bro

i am in to zulu but i will learn voodooo from u master
  • #203,468
  • Mar 4, 2010 7:17am Mar 4, 2010 7:17am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
let's see if we retrace back to 1.55 even in steps....


Quoting Baby-Trader
Totally Agree
  • #203,469
  • Mar 4, 2010 7:22am Mar 4, 2010 7:22am
roooooom 10m to US NEWS and TRICHET
  • #203,470
  • Mar 4, 2010 7:23am Mar 4, 2010 7:23am
Quoting ams
This is what I see for now....
Absolutely agreed! If it breaks that line, it'll probably be a fall of biblical proportions.
  • #203,471
  • Mar 4, 2010 7:27am Mar 4, 2010 7:27am
isn't this a bear?
Attached Image (click to enlarge)
Click to Enlarge Name: gu h4gif.gif Size: 32 KB
  • #203,472
  • Mar 4, 2010 7:32am Mar 4, 2010 7:32am
After all this time; 4hr indi not looking so 'clean' for a divergence and beginning to look more like a bit of a pullback coming. If this is so; it might negate the Hrly 'divergence' with a 4hr pullback and head north again...but heaven help us if it continues on at this damn snail pace....
  • #203,473
  • Edited 7:44am Mar 4, 2010 7:33am | Edited 7:44am
Quoting wormboy
I dunno voodoo
but we goin up.
Good..,that's much more clear what do you think about GU...,
Don't be a ...,this time could boom up and (or) Down...,both have big chance to do that...,nothing weird for being wrong (or right) bro.., say it 'clearly' is more important...

happy trading wormy..
I will be the number one Manager.
  • #203,474
  • Mar 4, 2010 7:36am Mar 4, 2010 7:36am
trichet is speeking now the market will dance tell he finsh
  • #203,475
  • Mar 4, 2010 7:38am Mar 4, 2010 7:38am
will somebody agree to put a trailing stop of 35 when 1.5335 is reached, to hopefully see 1.5450 or more , then go down if needed
  • #203,476
  • Mar 4, 2010 7:43am Mar 4, 2010 7:43am
Quoting wormboy
Here comes the boom!
what boom, the bomb was a phoos bomb no power
  • #203,477
  • Mar 4, 2010 7:44am Mar 4, 2010 7:44am
Quoting cinex
will somebody agree to put a trailing stop of 35 when 1.5335 is reached, to hopefully see 1.5450 or more , then go down if needed
lol you're getting ahead of yourself, there is plenty of wood to chop before you worry about that
  • #203,478
  • Mar 4, 2010 7:46am Mar 4, 2010 7:46am
Quoting cinex
will somebody agree to put a trailing stop of 35 when 1.5335 is reached, to hopefully see 1.5450 or more , then go down if needed
Have a look at the weekly - a hammer is forming which is a strong BULLish signal. I'm looking for a retrace to the 1.5000 / 1.4900 level to enter long - until then sitting on the sidelines. (Also have a look at EUR/USD weekly - 3 Tweezer bottoms and a hammer froming on the 618 FIB)
May the forex be with you |
  • #203,479
  • Mar 4, 2010 7:46am Mar 4, 2010 7:46am
magix, at waht point would you take a long? cheers.
Say, “He Is Allah, [Who Is] One, Allah, the Eternal Refuge.
  • #203,480
  • Mar 4, 2010 7:47am Mar 4, 2010 7:47am
Quoting forexlion
what boom, the bomb was a phoos bomb no power
I know .. I was being sarcastic DOH!
Thank You
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