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Cable Update (GBPUSD)

  • #205,821
  • Mar 14, 2010 10:44pm Mar 14, 2010 10:44pm
Believe me, I do wanna see it bearish but....

http://www.forexfactory.com/showpost...&postcount=235
  • #205,822
  • Mar 14, 2010 10:55pm Mar 14, 2010 10:55pm
Quoting forexlion
yes yes i do see double bottoms
Always looking the GREAT, never left GOOD Point...
  • #205,823
  • Mar 14, 2010 10:55pm Mar 14, 2010 10:55pm
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd h4 14 mar 2010.gif Size: 38 KB

Quoting Erzhan
Anyone see a double bottom with a possible uptrend?
  • #205,824
  • Mar 14, 2010 11:03pm Mar 14, 2010 11:03pm
In any case its a reversal figure, so I think there is at least one reason to go long.
  • #205,825
  • Edited 11:53pm Mar 14, 2010 11:18pm | Edited 11:53pm
Quoting TheLastCoke
Believe me, I do wanna see it bearish but....

http://www.forexfactory.com/showpost...&postcount=235
nice chart.

Blue monthly TL is current battle line. Keeping an eye on that as well. If we can clearly break above it, then an up move will gain momentum. atm we're sitting under it in a critical area, so I'd like to see how SR plays out on lower TFs.

Europe open will probably give us a more clear signal on direction.

(here's a 30M view of current price relationship to blue monthly TL)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 8a.gif Size: 24 KB
Click to Enlarge Name: 8b.gif Size: 25 KB
  • #205,826
  • Edited 12:25am Mar 15, 2010 12:14am | Edited 12:25am
Quoting Fudomyo
nice chart.

Blue monthly TL is current battle line. Keeping an eye on that as well. If we can clearly break above it, then an up move will gain momentum. atm we're sitting under it in a critical area, so I'd like to see how SR plays out on lower TFs.

Europe open will probably give us a more clear signal on direction.

(here's a 30M view of current price relationship to blue monthly TL)
Fudomyo´s Blue TL + Neck at Double Bottom, nice combination.

http://www.forexfactory.com/showpost...&postcount=236
  • #205,827
  • Mar 15, 2010 12:25am Mar 15, 2010 12:25am
One thing and I am not telling anyone how to trade

IT is Sunday evening low volume Asian session. We have buyers off Fridays close and last weeks close at 1,5150, we could even drop 40 pip - 60 pip under it on a shake out .

YET I see all kinds of calls short .. with 200 pip plus targets.

How about we wait to get a close under Fridays daily close and a re-test of that? ... till then we could have another up day and you are all just giving money away for nothing. You may as well donate it to charity at least you will feel better about it.

Yes the trend may turn BUT in my mind till real volume comes in why would anyone considering selling when price is meandering so close to Fridays close unless it is for a scalp ? Not only are bears trying to pick a top but they are also trying to do this above the close of last week . It just does not seem like a smart move to me.
Blogging daily now at www.volume.zone
  • #205,828
  • Mar 15, 2010 12:41am Mar 15, 2010 12:41am
Quoting malcolmb14
Not only are bears trying to pick a top but they are also trying to do this above the close of last week . It just does not seem like a smart move to me.
are you trying pick a bottom?
  • #205,829
  • Mar 15, 2010 12:49am Mar 15, 2010 12:49am
Frankfurt opening in 10 min...

between then and london we will set the trend for the next couple of hours...
@pawpaw1000 on Twitter
  • #205,830
  • Mar 15, 2010 1:12am Mar 15, 2010 1:12am
Uninspiring housing data might see the GBP under early pressure in London

Mon, Mar 15 2010, 04:16 GMT
http://www.forexlive.com

Related News
Forex: GBP/JPY loses early gains and trades at 137.31
Uninspiring housing data might see the GBP under early pressure in London
Forex: EUR/AUD rises and trading at 1.5023
The latest UK housing data is not inspiring and with the British Press having had the whole weekend to come up with some negative headlines, I would not be at all surprised to see the pound under a bit of pressure in early trade. I see cable trading in a 1.4950/1.5350 range for the majority of this week and I will again look to trade the edges of this range.
  • #205,831
  • Mar 15, 2010 1:31am Mar 15, 2010 1:31am
Quoting Clouds
are you trying pick a bottom?
trust me I have been trading both ways in gu and loving it, in the right times, last was mostly longs due to the clear buying on dips we saw on 4 hour.

My style is 50 to 100 pip a session and out, Better to make your 500 pip per week that way isn't it ?
Blogging daily now at www.volume.zone
  • #205,832
  • Mar 15, 2010 1:36am Mar 15, 2010 1:36am
Quoting malcolmb14
trust me I have been trading both ways in gu and loving it, in the right times, last was mostly longs due to the clear buying on dips we saw on 4 hour.

My style is 50 to 100 pip a session and out, Better to make your 500 pip per week that way isn't it ?
if u can do that, yes. I prefer larger moves and less trades. All in style, I guess.
  • #205,833
  • Mar 15, 2010 1:37am Mar 15, 2010 1:37am
Quoting pawpaw1000
Frankfurt opening in 10 min...

between then and london we will set the trend for the next couple of hours...
Frankfurt opening in 24 minutes.

http://forex.timezoneconverter.com
  • #205,834
  • Mar 15, 2010 1:39am Mar 15, 2010 1:39am
Morning all,

Short from friday, waiting for an other 20 pips to lock SL at entry position. We'll see London session how to act.

Nice trading for all.
No Signal, No Trade. No fundamenals, No headache.
  • #205,835
  • Mar 15, 2010 1:42am Mar 15, 2010 1:42am
Quoting Fudomyo
Frankfurt opening in 24 minutes.

http://forex.timezoneconverter.com
Yep. Right.
  • #205,836
  • Mar 15, 2010 1:44am Mar 15, 2010 1:44am
Quoting Fudomyo
Frankfurt opening in 24 minutes.

http://forex.timezoneconverter.com
AAAAAHH! This dayight savings totally kills me. I'm south african living in france and the time scales always kill me...

mmm, wanted to trade frankfurt and london open but start work in 2 hours...

ai!
@pawpaw1000 on Twitter
  • #205,837
  • Mar 15, 2010 1:49am Mar 15, 2010 1:49am
Quoting Clouds
are you trying pick a bottom?

http://2.bp.blogspot.com/_NjquDQPwwL...red+bottom.jpg
never ..... lol
  • #205,838
  • Mar 15, 2010 2:01am Mar 15, 2010 2:01am
could this be the start???
@pawpaw1000 on Twitter
  • #205,839
  • Mar 15, 2010 2:02am Mar 15, 2010 2:02am
Quoting cableboy
Uninspiring housing data might see the GBP under early pressure in London

Mon, Mar 15 2010, 04:16 GMT
http://www.forexlive.com

Related News
Forex: GBP/JPY loses early gains and trades at 137.31
Uninspiring housing data might see the GBP under early pressure in London
Forex: EUR/AUD rises and trading at 1.5023
The latest UK housing data is not inspiring and with the British Press having had the whole weekend to come up with some negative headlines, I would not be at all surprised to see the pound under a bit of pressure in early trade....
Prices have to fall around another 18% just for the long-term ratio of price to average earnings to approach historically normal levels.

Cable has finally woken from her slumber and is now in full action!
  • #205,840
  • Mar 15, 2010 2:03am Mar 15, 2010 2:03am
Quoting pawpaw1000
could this be the start???
doubt it. tease instead
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