Very cool avatar mmccormac
Cable Update (GBPUSD)
- #216,883
- Apr 13, 2010 11:51am Apr 13, 2010 11:51am
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
Very cool avatar mmccormac
whatz up kid
- #216,888
- Apr 13, 2010 12:18pm Apr 13, 2010 12:18pm
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
- #216,889
- Apr 13, 2010 12:22pm Apr 13, 2010 12:22pm
- | Joined Apr 2010 | Status: In the red, aiming for the green! | 285 Posts
room any body have paint in window seven i dont wont tp install win 7
)
Back to basics, it has to be for me!
- #216,890
- Apr 13, 2010 12:27pm Apr 13, 2010 12:27pm
- | Joined Dec 2006 | Status: o_O | 1,511 Posts
As far as i can see 1.53 level is very significant now. we stay above it and we have more upside potential we clear it and it opens door towards 1.5150-1.51 level ( my favourite ) Then we could see a bonce to complete double top daily and start heading doooooown (after elections )...
The limit to the upside move i see at 1.5580-1.5620 this is where next fib line lies together with resistance level (forgot to add it on the graph)
Given today fall after very questionable morning rally i'm more inclined to sell (questionable) rallies..
Ultimately i see GU ending up near 1.48 or perhaps lower.... 1.58hmmmm not out of the question but i dont think its very likely, unless something major happens.
) Then we could see a bonce to complete double top daily and start heading doooooown (after elections )... The limit to the upside move i see at 1.5580-1.5620 this is where next fib line lies together with resistance level (forgot to add it on the graph)
Given today fall after very questionable morning rally i'm more inclined to sell (questionable) rallies..
Ultimately i see GU ending up near 1.48 or perhaps lower.... 1.58hmmmm not out of the question but i dont think its very likely, unless something major happens.
- #216,891
- Apr 13, 2010 12:28pm Apr 13, 2010 12:28pm
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
Yup, got Win 7 Ultimate with Paint (and have installed an old Photoshop too
i only need the paint wanna install it on win xp
- #216,892
- Apr 13, 2010 12:31pm Apr 13, 2010 12:31pm
- Joined Apr 2008 | Status: Trader | 9,414 Posts
take this one
whatz up kid
All fine bro, u?
- #216,893
- Apr 13, 2010 12:36pm Apr 13, 2010 12:36pm
@kill
paint here ..
triky ... rename .doc to .rar, extract, enjoy!
cheers!
paint here ..
triky ... rename .doc to .rar, extract, enjoy!
cheers!
... feel better day by day.
- #216,894
- Apr 13, 2010 12:36pm Apr 13, 2010 12:36pm
- Joined May 2009 | Status: Trader | 4,895 Posts
As far as i can see 1.53 level is very significant now. we stay above it and we have more upside potential we clear it and it opens door towards 1.5150-1.51 level ( my favourite
The limit to the upside move i see at 1.5580-1.5620 this is where next fib line lies together with resistance level (forgot to add it on the graph)
Given today fall after very questionable morning rally i'm more inclined to sell (questionable) rallies..
- #216,896
- Apr 13, 2010 12:44pm Apr 13, 2010 12:44pm
- Joined Feb 2010 | Status: Inactive | 6,482 Posts
Good evening peeps!
Had a great day out with the kids and while they were scoffing their dinner, I did some long-term analysis on cable. Comments are always welcome!
To put it simply, the writing is on the wall for Sterling, but hey, this is cable and funnier things have happened! But in the short-term we can still have some upside.
As always I try to keep it simple and avoid clutter if I can.
I have only taken this back to the last high on 5th Aug 2009 and drawn the two fibs (I could have drawn 3 including the high of 17th Feb, but that bounced off the 61.8 beautifully). OK, let's take a closer look at this daily.
The lower uptrend lines are in aqua and show that we still have this potential upside, but as you can see, time is not in their favour. The upper downtrend lines are in Royal (God Save the Queen) blue, so as you can see we still can have some upside, but after this afternoon's downward action, the bears are determined to bring her down sooner than later. If we do break these uptrend lines, the new downtrend line formed today, although not very strong yet (only 2 points) could be the new trendline that shows us all the way down, although we have quite a few resistance lines to break first! The H4 will show that this could be sooner than later as you can see in this next chart.
Crunch time baby! is coming up soon and it all depends on whether the uptrend lines hold! One is already broken, two to go! If the last two break we can kiss Sterling goodbye, unless resistance withholding and we all know how 1.4780 is one big fat resistance line.
Of course, trendlines change over time, but I do think we are currently at a crossroads as to whether we go up or down from here.
Good luck all with your trading and I will be back on here soon for your comments, good and bad!
Had a great day out with the kids and while they were scoffing their dinner, I did some long-term analysis on cable. Comments are always welcome!
To put it simply, the writing is on the wall for Sterling, but hey, this is cable and funnier things have happened! But in the short-term we can still have some upside.
As always I try to keep it simple and avoid clutter if I can.
I have only taken this back to the last high on 5th Aug 2009 and drawn the two fibs (I could have drawn 3 including the high of 17th Feb, but that bounced off the 61.8 beautifully). OK, let's take a closer look at this daily.
The lower uptrend lines are in aqua and show that we still have this potential upside, but as you can see, time is not in their favour. The upper downtrend lines are in Royal (God Save the Queen
) blue, so as you can see we still can have some upside, but after this afternoon's downward action, the bears are determined to bring her down sooner than later. If we do break these uptrend lines, the new downtrend line formed today, although not very strong yet (only 2 points) could be the new trendline that shows us all the way down, although we have quite a few resistance lines to break first! The H4 will show that this could be sooner than later as you can see in this next chart. Crunch time baby! is coming up soon and it all depends on whether the uptrend lines hold! One is already broken, two to go! If the last two break we can kiss Sterling goodbye, unless resistance withholding and we all know how 1.4780 is one big fat resistance line.
Of course, trendlines change over time, but I do think we are currently at a crossroads as to whether we go up or down from here.
Good luck all with your trading and I will be back on here soon for your comments, good and bad!
- #216,898
- Apr 13, 2010 12:45pm Apr 13, 2010 12:45pm
- | Joined Dec 2006 | Status: o_O | 1,511 Posts
I don't think it's a double top, but more into a flat bottom triangle. Typically, flat bottom will break to the downside, but there are times where it break north. So, until clear breakout, cannot assume where the price will go..
and identifying key levels helps to create those good scalps. Alot of the time i scalp in between those levels with very tight stops. At the moment EMA14 and 21 on 15min chart hold cable from rising....
- #216,900
- Apr 13, 2010 12:46pm Apr 13, 2010 12:46pm
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
@kill
paint here ..
triky ... rename .doc to .rar, extract, enjoy!
cheers!
its the same one i have i need the one in win 7 thanks