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Cable Update (GBPUSD)

  • #227,141
  • May 18, 2010 12:39am May 18, 2010 12:39am
Breakout occouring on G/J to the long side .

JIm
  • #227,142
  • May 18, 2010 12:41am May 18, 2010 12:41am
Looking at 1.4550 on G/U
  • #227,143
  • May 18, 2010 12:42am May 18, 2010 12:42am
Quoting trj6911
Looks like a "up yours " middle finger....
  • #227,144
  • Edited 1:19am May 18, 2010 12:43am | Edited 1:19am
if this current 2h candle closes there about it looks like abandoned baby - bullish signal so I will take a long.
  • #227,145
  • May 18, 2010 12:50am May 18, 2010 12:50am
Quoting Ctic
Longs confirmed.
simply too risky to Long here

unless ............

http://img3.imageshack.us/img3/8058/cabler.gif
  • #227,146
  • May 18, 2010 1:06am May 18, 2010 1:06am
http://i43.tinypic.com/2aaeb1k.jpg

EW monitor says up..
EW Oscillator says up too..

Good luck to me..
Wahaha
Smile Chankl78
  • #227,147
  • May 18, 2010 1:11am May 18, 2010 1:11am
Whats your view on this week's market? Thanks.
  • #227,148
  • May 18, 2010 1:18am May 18, 2010 1:18am
Quoting forexlion
simply too risky to Long here

unless ............

unless .... we break 1.449?
  • #227,149
  • May 18, 2010 1:18am May 18, 2010 1:18am
Quoting martinipips
Whats your view on this week's market? Thanks.
This week the market will be sodomised by a horse, as a result I see great opportunities in the place in which they were not to be yesterday's of the tomorrow's high but now.
  • #227,150
  • May 18, 2010 1:39am May 18, 2010 1:39am
I think we'll get to 1.4510 @ news time. then if its better than expected 1.4550 then maybe 1.4650. if not than we'll be going down again!! I'm short baised, but flat untill news time.
  • #227,151
  • May 18, 2010 1:39am May 18, 2010 1:39am
Morning Chaps and Chapettes

Quiet night relative to previous few days, I see.

CPI news later this morning, not sure it will have a major impact unless it is wildly different from the 3.5% predicted. Expect more volatility when the emergency budget is announced in a few weeks time.

My view (for what it's worth) Up to 1.4525 ish then back down to test daily low.
  • #227,152
  • May 18, 2010 1:39am May 18, 2010 1:39am
Eur 15min the same as the Gbp 15min chart...

Thinking if short again when 1,4500 (if will be)

But today Im not gambling, before the GBP data
  • #227,153
  • May 18, 2010 2:00am May 18, 2010 2:00am
Quoting kasper
unless .... we break 1.449?
yep

break 4490 and we target 4670, a full 180 pip run
  • #227,154
  • May 18, 2010 2:04am May 18, 2010 2:04am
Quoting forexlion
yep

break 4490 and we target 4670, a full 180 pip run
looks like she'll need to make another run at it for the time being. hovered around 1.449 then dropped 30 pips almost.
  • #227,155
  • May 18, 2010 2:06am May 18, 2010 2:06am
Quoting chankl78
http://i43.tinypic.com/2aaeb1k.jpg

EW monitor says up..
EW Oscillator says up too..

Good luck to me..
Wahaha
+20pips ... stop out..... by my breakeven pips.
Smile Chankl78
  • #227,156
  • May 18, 2010 2:07am May 18, 2010 2:07am
Quoting kasper
looks like she'll need to make another run at it for the time being. hovered around 1.449 then dropped 30 pips almost.
yeah

below 4490 risk of taking longs is pretty high, once above it, it will be sweet sailing

plus we need to keep the may 7 low as support (SL level) if taking longs

below that longs are simply risky
  • #227,157
  • May 18, 2010 2:10am May 18, 2010 2:10am
euro has a range between 2329 and 2456

unless 2329 breaks with a weekly close below it, it will not fall further

once it breaks, it will be a sweet sweet 1.1665
  • #227,158
  • May 18, 2010 2:22am May 18, 2010 2:22am
Quoting forexlion
yeah

below 4490 risk of taking longs is pretty high, once above it, it will be sweet sailing

plus we need to keep the may 7 low as support (SL level) if taking longs

below that longs are simply risky
now i am long with 4474 SL
  • #227,159
  • May 18, 2010 2:23am May 18, 2010 2:23am
:nerd:My 1st target since yesterday ---> 1.4557 !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #227,160
  • May 18, 2010 2:26am May 18, 2010 2:26am
long at 4500 for the day
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