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Cable Update (GBPUSD)

  • #209,241
  • Mar 23, 2010 7:09am Mar 23, 2010 7:09am
Lion, You're not letting one ride to the W5 target?

And we kissed 4972

[/quote]
It's Easy To Get In;.. It's Hard To Get Out
  • #209,242
  • Mar 23, 2010 7:13am Mar 23, 2010 7:13am
http://www.bbc.co.uk/blogs/seealso/2...we_expect.html

Well that makes it clear as mud. Enjoy what the newspapers here are saying!
  • #209,243
  • Mar 23, 2010 7:15am Mar 23, 2010 7:15am
Quoting John D
Lion, You're not letting one ride to the W5 target?

And we kissed 4972
[/quote]

patience bro, patience

we kissed a support and we need to break it first

http://img401.imageshack.us/img401/1043/cable.gif
  • #209,244
  • Mar 23, 2010 7:17am Mar 23, 2010 7:17am
i am playing with this now
Attached Image (click to enlarge)
Click to Enlarge Name: 5m.gif Size: 41 KB
  • #209,245
  • Mar 23, 2010 7:22am Mar 23, 2010 7:22am
possible bottom for the day.
time will tell. Trade safe & Good luck.
Attached Image (click to enlarge)
Click to Enlarge Name: gum5.JPG Size: 49 KB
Thank You
  • #209,246
  • Mar 23, 2010 7:26am Mar 23, 2010 7:26am
Quoting wormboy
possible bottom for the day.
time will tell. Trade safe & Good luck.
difficult to read this chart ... did you mean 1.4977??
  • #209,247
  • Mar 23, 2010 7:29am Mar 23, 2010 7:29am
Hi Guys I've been following this thread for a few days and I though I'd say hello.

I'm thinking that we'll be seeing yesterdays low - 4930's pushed there by a poor performing stock market today - once that's broke who knows... we need to push off 1.50 first.
  • #209,248
  • Mar 23, 2010 7:29am Mar 23, 2010 7:29am
Quoting solrac
difficult to read this chart ... did you mean 1.4977??
it's not difficult. bullish divergence. If price creates HH instead of LH from here on, it's going up (5013 line in the sand). H4 ltl confluence as well. So keep an eye on it. Good luck.
Thank You
  • #209,249
  • Mar 23, 2010 7:36am Mar 23, 2010 7:36am
After that drop I'm still expecting to have lower low of 1.4932 by end of today.
  • #209,250
  • Mar 23, 2010 7:39am Mar 23, 2010 7:39am
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 23mar2010-4.gif Size: 54 KB
  • #209,251
  • Mar 23, 2010 7:45am Mar 23, 2010 7:45am
Well, I finished the branflakes. All gone a bit quiet both Cable and Fibre are making up their mind.
  • #209,252
  • Mar 23, 2010 7:46am Mar 23, 2010 7:46am
Quoting myinvest888
Attachment

not even close.
Head & shoulders is a top reversal formation.
Thank You
  • #209,253
  • Mar 23, 2010 7:47am Mar 23, 2010 7:47am
elo friends...

WASSSUUUP?
@pawpaw1000 on Twitter
  • #209,254
  • Mar 23, 2010 7:49am Mar 23, 2010 7:49am
Quoting myinvest888
Attachment
knees and toes, knees and toes!

The head-and-shoulders top is a signal that a security's price is set to fall, once the pattern is complete, and is usually formed at the peak of an upward trend.

http://www.investopedia.com/universi...ts/charts2.asp
  • #209,255
  • Mar 23, 2010 7:49am Mar 23, 2010 7:49am
looks like we up at about 1.5000 again.

Reckon its just giving itself some space for a runnup, she gonna jump 75 now
@pawpaw1000 on Twitter
  • #209,256
  • Mar 23, 2010 7:50am Mar 23, 2010 7:50am
Quoting pawpaw1000
elo friends...

WASSSUUUP?
Sweet dreams? you didn't miss anything.
  • #209,257
  • Mar 23, 2010 7:51am Mar 23, 2010 7:51am
both cable and fibre are sticking to psych numbers, am going to have a look at jpy and the loonie.
  • #209,258
  • Mar 23, 2010 7:52am Mar 23, 2010 7:52am
Quoting bbakker
knees and toes, knees and toes!

The head-and-shoulders top is a signal that a security's price is set to fall, once the pattern is complete, and is usually formed at the peak of an upward trend.

http://www.investopedia.com/universi...ts/charts2.asp
Exactly.
Thank You
  • #209,259
  • Mar 23, 2010 7:56am Mar 23, 2010 7:56am
Quoting wormboy
it's not difficult. bullish divergence. If price creates HH instead of LH from here on, it's going up (5013 line in the sand). H4 ltl confluence as well. So keep an eye on it. Good luck.
Hey Wormie. Nice to see you, to see you nice. Don't know about your baby-blue charts, not too good on the eye, but apart from that I still like the simplicity of them. Damn do I hate clutter! It has certainly been drifting upwards these last 2 hours. I think the next 60 mins will seal the fate of cable for today.
  • #209,260
  • Mar 23, 2010 7:56am Mar 23, 2010 7:56am
Quoting cloggie
Sweet dreams? you didn't miss anything.
WOW! feel like I'm on some sort of drug! feels soo good! too bad I have a contact session in 30min! AAAAAH!

will leave my short with s/l at 1.5018....
@pawpaw1000 on Twitter
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