Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#230,861
Jun 9, 2010 10:01pm Jun 9, 2010 10:01pm

Magix
Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts

Quoting jupiter_peak

Disliked

Hi guys,

Let me share my thoughts on cable:

I see consolidation (decision time) pattern on H4.

Price channeling nicely inside a descending channel clearly observed on daily. Sequence of moves so far, so good.

The descending TL, observed on H4, has already 4 touches. A next touch would mean a 5th touch and most probably an inevitable break north. We tend to call it "The Kiss of Death".

On H4 I see a MACD bullish divergence targeting 1.5057.

On daily, there's a nice RSI divergence(even an opposite direction channel) targeting...

Ignored

Though I am most inclined to agree with you, I will feel a lot more certain if and when we tackle the 200EMA on the H4 first.

A small pattern recognition for consideration.

A seemingly, and I hate to say this...Head and Shoulder Pattern from previous placements proved that we might still have a little down side thrust left.

All looks promising for a long journey albeit bumpy ride to higher highs, we still have the 30m support to hold to confirm the hourly possibilities for this launch.

Still sitting the fence and playing the quick n dirties here. But fantastic analysis...A lot of what we are all thinking as well..

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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!

#230,862
Jun 9, 2010 10:07pm Jun 9, 2010 10:07pm

Magix
Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts

Quoting direct-trade

Disliked

Did the aliens forget to remove your anal probe?

Ignored

Have as much trouble finding the jokes as you do finding your way around a forex chart there DT?

Let me link you up.

You can sit n laff, regurgitate some more jokes I haven't heard since I was kicking slats from my crib and blow spit bubbles....

http://www.forexfactory.com/showthread.php?t=231395

Again...DT....

You have nothing to offer in a trading forum...
Now move along.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!

#230,863
Jun 9, 2010 10:11pm Jun 9, 2010 10:11pm

direct-trade
| Commercial User | Joined Mar 2009 | 2,480 Posts

Quoting Magix

Disliked

Have as much trouble finding the jokes as you do finding your way around a forex chart there DT?

Let me link you up.

You can sit n laff, regurgitate some more jokes I haven't heard since I was kicking slats from my crib and blow spit bubbles....

http://www.forexfactory.com/showthread.php?t=231395

Again...DT....

You have nothing to offer in a trading forum...
Now move along.

Ignored

You are the Joke.

#230,864
Jun 9, 2010 10:31pm Jun 9, 2010 10:31pm

digger1
Joined Jan 2010 | Status: The Voodoo Boodoo Club | 42,052 Posts

Quoting direct-trade

Disliked

Did the aliens forget to remove your anal probe?

Ignored

Speaking of which , would say the market gave you a good one. Still gladly sticking your neck on the line at 1.48 for the euro of course due to your ability to see the central banks trading bots kicking in, maybe you need glasses , then your little oil rant was a hoot too , oh yea a friend letting you in on the big billion dollar buy order in the gbp how did all that work out . Talk about panic in the markets , you closing your accts , really didnt have much choice I reckon. Maybe someday you might guess right again. Learn to actually use a chart you may guess better , it would be a starting place anyway

#230,865
Jun 9, 2010 10:31pm Jun 9, 2010 10:31pm

Nene
| Additional Username | Joined May 2009 | 2,719 Posts

Time to gather at the crossroads. Do we get a reversal or not.

Jim

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#230,866
Jun 9, 2010 10:34pm Jun 9, 2010 10:34pm

direct-trade
| Commercial User | Joined Mar 2009 | 2,480 Posts

Quoting digger1

Disliked

Speaking of which , would say the market gave you a good one. Still gladly sticking your neck on the line at 1.48 for the euro of course due to your ability to see the central banks trading bots kicking in, maybe you need glasses , then your little oil rant was a hoot too , oh yea a friend letting you in on the big billion dollar buy order in the gbp how did all that work out . Talk about panic in the markets , you closing your accts , really didnt have much choice I reckon. Maybe someday you might guess right again. Learn to actually use a chart...

Ignored

Give over, you'll never be the man your Mother was.

#230,867
Jun 9, 2010 10:35pm Jun 9, 2010 10:35pm

direct-trade
| Commercial User | Joined Mar 2009 | 2,480 Posts

Quoting Nene

Disliked

Time to gather at the crossroads. Do we get a reversal or not.

Jim

Ignored

Good to see you Nene, how's your son?

#230,868
Jun 9, 2010 10:36pm Jun 9, 2010 10:36pm

Najee
| Joined Nov 2009 | Status: Trader | 137 Posts

Quoting Nene

Disliked

Time to gather at the crossroads. Do we get a reversal or not.

Ignored

Correct me if i'm wrong, if it breaks 4590, i'm looking at 4640 next level.Cheers...

#230,869
Jun 9, 2010 10:37pm Jun 9, 2010 10:37pm

digger1
Joined Jan 2010 | Status: The Voodoo Boodoo Club | 42,052 Posts

Quoting direct-trade

Disliked

Give over, you'll never be the man your Mother was.

Ignored

Ha Ha , you are a hoot , do you ever come up with anything new

#230,870
Jun 9, 2010 10:38pm Jun 9, 2010 10:38pm

Nene
| Additional Username | Joined May 2009 | 2,719 Posts

In remission ole buddy. Those prayers really do work. Thanks for asking.

Jim

Quoting direct-trade

Disliked

Good to see you Nene, how's your son?

Ignored

#230,871
Jun 9, 2010 10:38pm Jun 9, 2010 10:38pm

kill56
Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts

darn not again i think twee have to look at this ppl come from no where and insult them self instead of tech help the other members
get a live respect u self

#230,872
Jun 9, 2010 10:40pm Jun 9, 2010 10:40pm

Magix
Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts

Quoting digger1

Disliked

Ha Ha , you are a hoot , do you ever come up with anything new

Ignored

The best laughs provided by DT were in the form of a trade, and trade analysis.

You want to really get a good guffaw going, open an account and let DT trade it.

I don't even think the brokers will lend him a Demo account anymore.

Rib Splitter!

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!

#230,873
Jun 9, 2010 10:40pm Jun 9, 2010 10:40pm

direct-trade
| Commercial User | Joined Mar 2009 | 2,480 Posts

Quoting kill56

Disliked

darn not again i think twee have to look at this ppl come from no where and insult them self instead of tech help the other members
get a live respect u self

Ignored

Hello Girls x

#230,874
Jun 9, 2010 10:40pm Jun 9, 2010 10:40pm

AmritsarFx
| Additional Username | Joined Jun 2010 | 9 Posts

I think cable will reach 1.4600 and then stall for some time, before making the next trading decision on 4 hour charts.

The current range is between 1.4607 and 1.4507

#230,875
Jun 9, 2010 10:41pm Jun 9, 2010 10:41pm

Nene
| Additional Username | Joined May 2009 | 2,719 Posts

I want to see it go up thru the Yellow 89 SMA and then bounce off it. But it could bounce short off of it again. But this time the DTL is on the short side of it. If we break the 4 hr DTL and test we could possibly get a 4 hr reversal.

Jim

Quoting Najee

Disliked

Correct me if i'm wrong, if it breaks 4590, i'm looking at 4640 next level.Cheers...

Ignored

#230,876
Jun 9, 2010 10:41pm Jun 9, 2010 10:41pm

kill56
Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts

Quoting digger1

Disliked

Speaking of which , would say the market gave you a good one. Still gladly sticking your neck on the line at 1.48 for the euro of course due to your ability to see the central banks trading bots kicking in, maybe you need glasses...

Ignored

hey bro long time how are u