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Cable Update (GBPUSD)

  • #210,381
  • Mar 26, 2010 2:10am Mar 26, 2010 2:10am
Quoting pawpaw1000
is there not a single bull in the room?

even lion is going bear...
Well.... Mostly when a lot of traders goes on one drections market misbehave and go on another direction
Who's know.. let's see
  • #210,382
  • Mar 26, 2010 2:12am Mar 26, 2010 2:12am
Quoting cloggie
The rice burners gave us a classic retrace in the overnight session.
Almost picture perfect apart from the fact that they didn't kiss my cheeks before the way down. I need to sit a little lower next time, but hopefully with enough practice...
  • #210,383
  • Mar 26, 2010 2:13am Mar 26, 2010 2:13am
GBP/USD Daily Outlook

Daily Pivots: (S1) 1.4738; (P) 1.4871; (R1) 1.4945; More
Intraday bias in GBP/USD remains on the downside and further fall should be seen to 1.4783 low. Decisive break there will confirm that whole decline from 1.6456 has resumed and should target 200% projection of 1.6875 to 1.5829 from 1.6456 at 1.4364 next. On the upside, above 1.5000 minor resistance will delay the bearish case again and bring more sideway consolidations above 1.4783 first before down trend resumption.
In the bigger picture, there is no change in our bearish view. That is, medium term rebound from 1.3503, which is treated as a correction to down trend from 2.1161, has completed at 1.7043 already. Fall from there is tentatively treated as resumption of the down trend from 2.1161 and should target a new low below 1.3503. On the upside, break of 1.5814 resistance is needed to invalidate this view. Otherwise, outlook will remain bearish.
@pawpaw1000 on Twitter
  • #210,384
  • Mar 26, 2010 2:14am Mar 26, 2010 2:14am
Quoting bbakker
Let it run boy!
Set SL to BE once it hits 14800 and you have a free ride!
  • #210,385
  • Mar 26, 2010 2:15am Mar 26, 2010 2:15am
Quoting cloggie
Numbers I am watching are 4854, 4841, 4805
54 could be the sticky bit!
  • #210,386
  • Mar 26, 2010 2:19am Mar 26, 2010 2:19am
Quoting bbakker
54 could be the sticky bit!
I also don't want to see 4885 now.
  • #210,387
  • Mar 26, 2010 2:25am Mar 26, 2010 2:25am
Quoting bbakker
I also don't want to see 4885 now.
54 is proving to be a problem!
@pawpaw1000 on Twitter
  • #210,388
  • Mar 26, 2010 2:25am Mar 26, 2010 2:25am
Quoting bbakker
I also don't want to see 4885 now.
I have the train leaving in a couple of minutes.

EDIT: We are in England and it might be an hour late :-)
  • #210,389
  • Mar 26, 2010 2:26am Mar 26, 2010 2:26am
Check this out
http://www.forexfactory.com/calendar...y=2010-4-2&c=2
  • #210,390
  • Mar 26, 2010 2:27am Mar 26, 2010 2:27am
Time for the 3 S's. See you back soon, nicely refreshed.
  • #210,391
  • Mar 26, 2010 2:27am Mar 26, 2010 2:27am
Maybe the wave [v] of C will be completed in the form of a diagonal triangle.

http://ignatpost.com/img/post/108/22-0855452.gif
Trend is your the best friend. Ever
  • #210,392
  • Mar 26, 2010 2:28am Mar 26, 2010 2:28am
Quoting egkid
Check this out
http://www.forexfactory.com/calendar...y=2010-4-2&c=2
The Easter bunny is upon us soon.
  • #210,393
  • Mar 26, 2010 2:29am Mar 26, 2010 2:29am
Quoting bbakker
I have the train leaving in a couple of minutes.

EDIT: We are in England and it might be an hour late :-)
This train is not going anywhere ,,,Cable and Fibre both, having a rather quiet start in Franfurt ......
  • #210,394
  • Mar 26, 2010 2:30am Mar 26, 2010 2:30am
Quoting Ignat B.
Maybe the wave [v] of C will be completed in the form of a diagonal triangle.

http://ignatpost.com/img/post/108/22-0855452.gif
That is possible! If this scenario does occur, I will still be in a good shape to load up at point iv, but I can't see it happening. Remember, it is crazy Friday.
  • #210,395
  • Mar 26, 2010 2:31am Mar 26, 2010 2:31am
Quoting solrac
This train is not going anywhere ,,,Cable and Fibre both, having a rather quiet start in Franfurt ......
Bloody hell... they're on time for once here in England
  • #210,396
  • Mar 26, 2010 2:32am Mar 26, 2010 2:32am
Quoting solrac
This train is not going anywhere ,,,Cable and Fibre both, having a rather quiet start in Franfurt ......
were off!!!!
@pawpaw1000 on Twitter
  • #210,397
  • Mar 26, 2010 2:32am Mar 26, 2010 2:32am
Quoting cloggie
Numbers I am watching are 4854, 4841, 4805
4841 next hurdle to batter down!
  • #210,398
  • Mar 26, 2010 2:34am Mar 26, 2010 2:34am
Quoting bbakker
Bloody hell... they're on time for once here in England
As cloggie pointed out ,,,, 4841 is a sticky point ,,,,
  • #210,399
  • Mar 26, 2010 2:34am Mar 26, 2010 2:34am
Quoting cloggie
Numbers I am watching are 4854, 4841, 4805
looks like 41 is holding but not for long!!!
@pawpaw1000 on Twitter
  • #210,400
  • Mar 26, 2010 2:34am Mar 26, 2010 2:34am
Quoting cloggie
Numbers I am watching are 4854, 4841, 4805

I am adding 4822 to the watch list.
373 traders viewing now