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Cable Update (GBPUSD)

  • #218,881
  • Edited 8:08am Apr 18, 2010 7:55am | Edited 8:08am
My chart
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Click to Enlarge Name: gbp.gif Size: 37 KB

last blue zone huge suport...
  • #218,882
  • Apr 18, 2010 8:06am Apr 18, 2010 8:06am
Your H1 chart looks different than mine .. GU ended on a new low at .5358 on Friday not a doji .. and what MACD settings do you use to get those 3 sisters formation??


Quoting Nene
Keep it up, you are right on the money. Here is why. (1st Chart), We are at 76.2 % Fib level on the 4/13 4 hr move up. We are at 38.2 % Fib level on the 4/6 4 hr move up. That coupled with a solid UTL that can be seen clearly on the Daily and 4 hr. Also on the (2nd Chart), we see a declining 3 Sisters formation, a rare MACD event which is normally followed by a huge cruise in the other direction. Then you got the Divergence on the 4 Hr if you didnt have enough confirmation already. Anyone selling here must have holes in their heads.

Jim
******************* I'd rather make money than be right.
  • #218,883
  • Apr 18, 2010 9:20am Apr 18, 2010 9:20am
Does anyone know why EUR went up to 1.3590 over the weekend?
I am not sure whether it is true/false..
Can anyone confirm?

Thanks
  • #218,884
  • Apr 18, 2010 9:24am Apr 18, 2010 9:24am
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  • #218,885
  • Apr 18, 2010 9:25am Apr 18, 2010 9:25am
Where did you see that information? If that really happened, then maybe we are going to see a gap in teh opening.



Quoting Paraglider
Does anyone know why EUR went up to 1.3590 over the weekend?
I am not sure whether it is true/false..
Can anyone confirm?

Thanks
  • #218,886
  • Apr 18, 2010 9:32am Apr 18, 2010 9:32am
Quoting Alado
Where did you see that information? If that really happened, then maybe we are going to see a gap in teh opening.
XE.com
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #218,887
  • Apr 18, 2010 9:34am Apr 18, 2010 9:34am
cable 15358 eur 13593 @ xe
  • #218,888
  • Apr 18, 2010 9:39am Apr 18, 2010 9:39am
Quoting pawpaw1000
Here's my previous post. If you think you can read any more into the charts then why dont you enlighten us with your crystal ball knowledge...

I'm a newbie and have only been trading for 5 weeks live, I post my analyses to get peoples opinions and help. If you are going to react like that, bugger off...

this is why we wont go higher than 5550...

1 - Weekly at top of utl
2 - Daily reaching critical level and has peirced btl
3 - 4hr showing lower Highs and lower lows plus critical level close...

I gotta say shorts with s/l above 5550 and...
Yes I could tell you are a novice - don't worry you are doing great, keep posting
  • #218,889
  • Apr 18, 2010 10:12am Apr 18, 2010 10:12am
Quoting kill56
cable 15358 eur 13593 @ xe
why a gap on EU but not on cable...
  • #218,890
  • Apr 18, 2010 10:16am Apr 18, 2010 10:16am
Quoting Honored
why a gap on EU but not on cable...
i am looking to find out if any news came out this weekend its a big gap

unless its a miss quote
  • #218,891
  • Apr 18, 2010 10:20am Apr 18, 2010 10:20am
GU 1.5389
EU 135.89
  • #218,892
  • Apr 18, 2010 10:20am Apr 18, 2010 10:20am
If we see it's a repetition of the last sunday opening market pattern.
If it is so, then maybe we are going to see cable around 1,5460/80 and then back again to 1,54.
The lack of big news last friday doesn't explain teh back of cable under 1,54-
Just my point of view.



Quoting kill56
i am looking to find out if any news came out this weekend its a big gap

unless its a miss quote
  • #218,893
  • Apr 18, 2010 10:28am Apr 18, 2010 10:28am
i am lost at the moment... I've been reading the technical analysis you guys have been posting and the bullish momentum seems more likely to me.. but the disruptions with airports etc around europe must be costing them millions... This leads me to believe the eur and gbp will weaken? I am staying out till i see clear signals... what are your thoughts on this ?
  • #218,894
  • Apr 18, 2010 10:45am Apr 18, 2010 10:45am
Quoting jaylovin
i am lost at the moment... I've been reading the technical analysis you guys have been posting and the bullish momentum seems more likely to me.. But the disruptions with airports etc around europe must be costing them millions... This leads me to believe the eur and gbp will weaken? I am staying out till i see clear signals... What are your thoughts on this ?

the only way mate you are spot on trade price action on the day. The price movements are the pricing in of effecting news. There for trading price action on the day shows you directly on your chart how the pair is reacting to the news.
  • #218,895
  • Apr 18, 2010 10:55am Apr 18, 2010 10:55am
Quoting N2FX
GU 1.5389
EU 135.89
where did u get this ? Oanda ?
  • #218,896
  • Apr 18, 2010 11:14am Apr 18, 2010 11:14am
the above price is correct
now GBP/USD 1.5385 1.5390
so we have gbpusd is up and eurgbp is down, that's it
nice qoutes I like it
ROBOT FOREX
  • #218,897
  • Apr 18, 2010 11:18am Apr 18, 2010 11:18am
why u say it's correct?
Where did u find this valid information, cause i don't find any source who tells this.

Quoting Forbes55
the above price is correct
now GBP/USD 1.5385 1.5390
so we have gbpusd is up and eurgbp is down, that's it
nice qoutes I like it
  • #218,898
  • Apr 18, 2010 11:24am Apr 18, 2010 11:24am
Quoting Alado
why u say it's correct?
Where did u find this valid information, cause i don't find any source who tells this.
because they're correct
I'm not a forex broker to deceive you
read and see http://forex.tradingcharts.com/quotes/major_pairs.html
ROBOT FOREX
  • #218,899
  • Apr 18, 2010 11:37am Apr 18, 2010 11:37am
Quoting Forbes55
because they're correct
I'm not a forex broker to deceive you
read and see http://forex.tradingcharts.com/quotes/major_pairs.html
Current rates...
Attached Image (click to enlarge)
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  • #218,900
  • Apr 18, 2010 11:48am Apr 18, 2010 11:48am
Quoting ubaidahsan
Current rates...




http://www.bloomberg.com/?b=0&Intro=intro3

e /u -1.3502
g /u -1.5362
u /j -92.173

have a nice sunday.
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