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Cable Update (GBPUSD)

  • #210,161
  • Mar 25, 2010 12:07pm Mar 25, 2010 12:07pm
Quoting pawpaw1000
Wonder if a overnight short could work? Any thoughts???
Broken 4860 first time since 05.00 am ,,, and then spiked up again,,,no idea what direction this market is gonna go
  • #210,162
  • Mar 25, 2010 12:08pm Mar 25, 2010 12:08pm
I'm done for the day!!! I know Myself, will just cause shite!!!

any predictions for 2moro? I'm saying 1.4775....

will propably start to move more up and down than just straight like it did for the last couple of days, excluding today!

GL to all...
@pawpaw1000 on Twitter
  • #210,163
  • Mar 25, 2010 12:20pm Mar 25, 2010 12:20pm
Quoting solrac
Broken 4860 first time since 05.00 am ,,, and then spiked up again,,,no idea what direction this market is gonna go
you gotta look at the big picture.
Bear flag is now valid & signaling bearish continuation.
Good luck.
Attached Image (click to enlarge)
Click to Enlarge Name: gud1.GIF Size: 19 KB
Thank You
  • #210,164
  • Mar 25, 2010 12:21pm Mar 25, 2010 12:21pm
Quoting solrac
Broken 4860 first time since 05.00 am ,,, and then spiked up again,,,no idea what direction this market is gonna go
Autochartist says a falling wedge -

Attached Image (click to enlarge)
Click to Enlarge Name: Falling wedge.png Size: 39 KB


So we are near the lows again. We might make some new lows and then bounce back up again, that's how I see it. Draw the same two lines on your chart and see where they meet!
  • #210,165
  • Mar 25, 2010 12:23pm Mar 25, 2010 12:23pm
Quoting bbakker
So we are near the lows again. We might make some new lows and then bounce back up again, that's how I see it. Draw the same two lines on your chart and see where they meet!
I would be more inclined to listen to Wormie.... he's been in this game a lot longer than me!
  • #210,166
  • Mar 25, 2010 12:25pm Mar 25, 2010 12:25pm
Quoting solrac
Sounds sensible ,,, i might have to do the same myself.... Question,, in 15m what dictates your entry point?? Would sma lines work in such timeframe??
Ta
Don't really use SMA except for the 40 in m15. At the moment, I am focusing on S/R, trends, fibs (50%) and chart formations.
  • #210,167
  • Mar 25, 2010 12:30pm Mar 25, 2010 12:30pm
i told u soooooooooo

new lowsssssssssssssssssssss
  • #210,168
  • Mar 25, 2010 12:32pm Mar 25, 2010 12:32pm
lets see if it goes below 1.4781, the low of this month
  • #210,169
  • Mar 25, 2010 12:34pm Mar 25, 2010 12:34pm
Darn it... should have left my shorts during the speech...
Don't be emo... don't be emo....
  • #210,170
  • Mar 25, 2010 12:37pm Mar 25, 2010 12:37pm
Quoting bbakker
Autochartist says a falling wedge -

Attachment

So we are near the lows again. We might make some new lows and then bounce back up again, that's how I see it. Draw the same two lines on your chart and see where they meet!
The drop also broke the bottom line of this wedge!
  • #210,171
  • Mar 25, 2010 12:37pm Mar 25, 2010 12:37pm
wormy u bear flag is better than mine


http://www.forexfactory.com/showpost...stcount=209854
  • #210,172
  • Mar 25, 2010 12:38pm Mar 25, 2010 12:38pm
Quoting bbakker
Don't really use SMA except for the 40 in m15. At the moment, I am focusing on S/R, trends, fibs (50%) and chart formations.
Thanks bbaker,,, will try 15m tf for tomorrow ,,,, i was tempted to short right now but i have learnt that trading with the news is a really really risky business,,,,
  • #210,173
  • Mar 25, 2010 12:42pm Mar 25, 2010 12:42pm
magix its about time bro where the heck are u

twee be fair to one of the best ppl in this thread
  • #210,174
  • Mar 25, 2010 12:42pm Mar 25, 2010 12:42pm
Quoting solrac
Thanks bbaker,,, will try 15m tf for tomorrow ,,,, i was tempted to short right now but i have learnt that trading with the news is a really really risky business,,,,
All hell is breaking loose on fibre and cable. I'm sitting pretty and holding until we see 14780 on cable and 13284 on fibre.
  • #210,175
  • Mar 25, 2010 12:45pm Mar 25, 2010 12:45pm
I have 13250 in my sights for fibre and 14780 for cable
  • #210,176
  • Mar 25, 2010 12:48pm Mar 25, 2010 12:48pm
he is coming
Attached Image
  • #210,177
  • Mar 25, 2010 12:50pm Mar 25, 2010 12:50pm
Quoting bbakker
I have 13250 in my sights for fibre and 14780 for cable
Minor support @14805 (cable) and @13285 (fibre)
  • #210,178
  • Mar 25, 2010 12:51pm Mar 25, 2010 12:51pm
Tempted to go in shorts now...
Don't be emo... don't be emo....
  • #210,179
  • Mar 25, 2010 12:54pm Mar 25, 2010 12:54pm
Quoting bbakker
I have 13250 in my sights for fibre and 14780 for cable

nice chart bro
  • #210,180
  • Mar 25, 2010 12:56pm Mar 25, 2010 12:56pm
Quoting drakes
Tempted to go in shorts now...
no way buddy,
target just achieved . stay away
I SEE YOU !!
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