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Cable Update (GBPUSD)

  • #210,161
  • Mar 25, 2010 10:07am Mar 25, 2010 10:07am
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 10:08am Mar 25, 2010 10:08am
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 10:20am Mar 25, 2010 10:20am
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 10:21am Mar 25, 2010 10:21am
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 10:23am Mar 25, 2010 10:23am
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 10:25am Mar 25, 2010 10:25am
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 10:30am Mar 25, 2010 10:30am
i told u soooooooooo

new lowsssssssssssssssssssss
  • #210,168
  • Mar 25, 2010 10:32am Mar 25, 2010 10:32am
lets see if it goes below 1.4781, the low of this month
  • #210,169
  • Mar 25, 2010 10:34am Mar 25, 2010 10:34am
Darn it... should have left my shorts during the speech...
Don't be emo... don't be emo....
  • #210,170
  • Mar 25, 2010 10:37am Mar 25, 2010 10:37am
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 10:37am Mar 25, 2010 10:37am
wormy u bear flag is better than mine


http://www.forexfactory.com/showpost...stcount=209854
  • #210,172
  • Mar 25, 2010 10:38am Mar 25, 2010 10:38am
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 10:42am Mar 25, 2010 10:42am
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 10:42am Mar 25, 2010 10:42am
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 10:45am Mar 25, 2010 10:45am
I have 13250 in my sights for fibre and 14780 for cable
  • #210,176
  • Mar 25, 2010 10:48am Mar 25, 2010 10:48am
he is coming
Attached Image
  • #210,177
  • Mar 25, 2010 10:50am Mar 25, 2010 10:50am
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 10:51am Mar 25, 2010 10:51am
Tempted to go in shorts now...
Don't be emo... don't be emo....
  • #210,179
  • Mar 25, 2010 10:54am Mar 25, 2010 10:54am
Quoting bbakker
I have 13250 in my sights for fibre and 14780 for cable

nice chart bro
  • #210,180
  • Mar 25, 2010 10:56am Mar 25, 2010 10:56am
Quoting drakes
Tempted to go in shorts now...
no way buddy,
target just achieved . stay away
I SEE YOU !!
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