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Cable Update (GBPUSD)

  • #208,441
  • Mar 22, 2010 1:07am Mar 22, 2010 1:07am
Quoting Iam5ive
I think it must be time to go up, there is no more room at the bottom of my chart.
then make some space.. LOL.. not yet brother.. we are diggin deeper and deeper..at least that what the PA sez.. but if u are long. then good luck for u..
  • #208,442
  • Mar 22, 2010 1:10am Mar 22, 2010 1:10am
Quoting mloistianto
then make some space.. LOL.. not yet brother.. we are diggin deeper and deeper..at least that what the PA sez.. but if u are long. then good luck for u..
Broken 1.4970 on H1/H4 close/open, I'll reconsider reversed buy ! Otherwise still bet the short !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #208,443
  • Mar 22, 2010 1:11am Mar 22, 2010 1:11am
Quoting mloistianto
then make some space.. LOL.. not yet brother.. we are diggin deeper and deeper..at least that what the PA sez.. but if u are long. then good luck for u..
It was a tension breaker, had to do it.

All the bickering, sheesh.

However, I wouldn't be greatly surprised by a move to 1.5060-80, during London/NY sessions.
  • #208,444
  • Mar 22, 2010 1:16am Mar 22, 2010 1:16am
Quoting Hasnaa
Hello every body !
I am new in this Site !
has every one a good proposal 4 cable today...!?
how are you NEW HERE
  • #208,445
  • Mar 22, 2010 1:21am Mar 22, 2010 1:21am
Quoting mloistianto
now now.. cmon.. cut it out already... why such a small deal bothering u people.
just joking with fl ... that is all .. nothing serious.
Blogging daily now at www.volume.zone
  • #208,446
  • Mar 22, 2010 1:21am Mar 22, 2010 1:21am
Quoting Iam5ive
I think it must be time to go up, there is no more room at the bottom of my chart.
that's easy dude..,zoom out your char or move to biger TF and you will have more space to go down....
BTW i already have 'long' too, and don't like with the chart respond+the candle formation..,i consider to close this one (maybe)...
green pips for you...
I will be the number one Manager.
  • #208,447
  • Mar 22, 2010 1:24am Mar 22, 2010 1:24am
support on that 1.4940 area.... closed all trades and off to bed

IF we do see a frankie fakeout look for test 1.4980 / 1.5000 then if that holds , sell off there.

I think that DJ may move down tomorrow based on very bearish no deman bar followed by bearish engulfing. If this is the case expect GU to follow as correlation has been strong

We are way under lower value area Friday and point of control this session. I was selling rallies off 1,5013 as mentioned earlier , seems to work ok for today.


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Blogging daily now at www.volume.zone
  • #208,448
  • Mar 22, 2010 1:27am Mar 22, 2010 1:27am
Quoting malcolmb14
just joking with fl ... that is all .. nothing serious.
no complaints then.. LOL.. lets ride another wave to hell..
  • #208,449
  • Mar 22, 2010 1:33am Mar 22, 2010 1:33am
Quoting javapips
that's easy dude..,zoom out your char or move to biger TF and you will have more space to go down....
BTW i already have 'long' too, and don't like with the chart respond+the candle formation..,i consider to close this one (maybe)...
green pips for you...
I seen some people taking longs on Friday. Not really something to be bragging about, but I guess it really depends on what you are looking for.

A retrace is possible, but as this area has been heavily played, you might not get the range that you expect.

Of course, anything can happen.
  • #208,450
  • Mar 22, 2010 1:34am Mar 22, 2010 1:34am
Hey Lion,

If You're used ELLIOT WAVE...
Allowed my ADVICE, Always use FIBONACCI for Calculation Movement !
They're as GOOD COUPLE

I was Experience with BARROS Swing with Auto FIBO, Bro.

Trust me

Quoting forexlion
Cable 4 hour

lil more down then bounce up, then down again

just be careful with the shorts cause of the possible 3 to 4 pattern on 4 hour

http://img692.imageshack.us/img692/2231/10127724.jpg
Always looking the GREAT, never left GOOD Point...
  • #208,451
  • Mar 22, 2010 1:34am Mar 22, 2010 1:34am
The short has not finish yet.
Face both Win and Lose bravely
  • #208,452
  • Mar 22, 2010 1:37am Mar 22, 2010 1:37am
Quoting Iam5ive
I seen some people taking longs on Friday. Not really something to be bragging about, but I guess it really depends on what you are looking for.

A retrace is possible, but as this area has been heavily played, you might not get the range that you expect.

Of course, anything can happen.

1.4940 is daily low early March and support this session

there has been some buy interest seen in the volumes here.

for thos willing to test longs 1.4935is an ok zone with tight stops ... and lest face it we have had a 400 pip drop with no retrace.

London may retrace this. This is why I closed sells for now and will look to enter again in us session . or I may not even trade fx tomorrow and just trade ES

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Blogging daily now at www.volume.zone
  • #208,453
  • Mar 22, 2010 1:42am Mar 22, 2010 1:42am
closed my short everything is saying oversold and am picking up some divergence on the 5 min. i think london gonna break upwards
  • #208,454
  • Mar 22, 2010 1:50am Mar 22, 2010 1:50am
Quoting malcolmb14
1.4940 is daily low early March and support this session

there has been some buy interest seen in the volumes here.

for thos willing to test longs 1.4935is an ok zone with tight stops ... and lest face it we have had a 400 pip drop with no retrace.

London may retrace this. This is why I closed sells for now and will look to enter again in us session . or I may not even trade fx tomorrow and just trade ES

Attachment

Agree with you on the retrace, but to where?

I do see London taking another swing at the low if opens above, possibly selling from their low on Friday. With enough momentum possibly crush through the chart. If London buys up, I will be looking for a top side in the 1.5160-80 area, if we make it. From there attacking the monthly lows.

We won't see everything in one night, but will be looking forward to some grand ranges for trade through the week.
  • #208,455
  • Mar 22, 2010 1:53am Mar 22, 2010 1:53am
Morning boys and girls.

We are ranging again, this time from 4966 to 4930 with 4966 being tested as I write this.

Buyers are trying to bring this back up to 1.5 but I see the sellers keeping this below 4966 with a further move down to 4871 and 4782. Time will tell and London open may give us the retrace to 1.5 we have had quite a drop with no retrace, but then again the Sterling is in deep cow manure.
  • #208,456
  • Mar 22, 2010 1:56am Mar 22, 2010 1:56am
Quoting cloggie
Morning boys and girls.

We are ranging again, this time from 4966 to 4930 with 4966 being tested as I write this.

Buyers are trying to bring this back up to 1.5 but I see the sellers keeping this below 4966 with a further move down to 4871 and 4782. Time will tell and London open may give us the retrace to 1.5 we have had quite a drop with no retrace, but then again the Sterling is in deep cow manure.
4966 good place to sell.. done!
  • #208,457
  • Mar 22, 2010 1:59am Mar 22, 2010 1:59am
Quoting bbakker
4966 good place to sell.. done!
I'm with you....
Don't be emo... don't be emo....
  • #208,458
  • Mar 22, 2010 2:00am Mar 22, 2010 2:00am
Quoting bbakker
4966 good place to sell.. done!
I am still holding on, waiting for the ma to catch up first. 4966 is the line in sand for me for a possible retrace.
  • #208,459
  • Mar 22, 2010 2:01am Mar 22, 2010 2:01am
Quoting Cowboy11
The short has not finish yet.
Spike down at 1.4969 on a new H1 open sofar ! Board again at 1.4965 !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #208,460
  • Mar 22, 2010 2:02am Mar 22, 2010 2:02am
anyone know what's going on with usd/jpy? it just shot up like a rocket
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