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Cable Update (GBPUSD)

  • #237,021
  • Jul 11, 2010 5:02pm Jul 11, 2010 5:02pm
Quoting kill56
here u go

http://www.xe.com/
thanks
  • #237,022
  • Jul 11, 2010 5:03pm Jul 11, 2010 5:03pm
Quoting winsome
usa futures opened ym -11 es -1.25.
I don't really follow futures.. what do those values mean to you?
"Keep your eyes on the helpers" - Mr. Rogers
  • #237,023
  • Jul 11, 2010 5:04pm Jul 11, 2010 5:04pm
Quoting damonl
I don't really follow futures.. what do those values mean to you?
if usa futures falling its harder for cable and euro to rise.
  • #237,024
  • Jul 11, 2010 5:05pm Jul 11, 2010 5:05pm
ym=dow futures es= s&p500 futures
  • #237,025
  • Jul 11, 2010 5:11pm Jul 11, 2010 5:11pm
Quoting winsome
if usa futures falling its harder for cable and euro to rise.

Interesting.... thanks!

My trade is really very risky, but I'm betting if this level holds we will see a nice bull candle today.

Here is a 4H chart showing a breach of one trendline and a possible bounce of the lower one...

Attached Image (click to enlarge)
Click to Enlarge Name: h4.gif Size: 37 KB
"Keep your eyes on the helpers" - Mr. Rogers
  • #237,026
  • Jul 11, 2010 5:20pm Jul 11, 2010 5:20pm
Quoting damonl
Interesting.... thanks!

My trade is really very risky, but I'm betting if this level holds we will see a nice bull candle today.

Here is a 4H chart showing a breach of one trendline and a possible bounce of the lower one...

Attachment
watch for 15049
Attached Image (click to enlarge)
Click to Enlarge Name: 4h cable.gif Size: 18 KB
  • #237,027
  • Jul 11, 2010 5:35pm Jul 11, 2010 5:35pm
i am away to bed. best of luck with your trade, market futures holding steady only -0.08% down.
  • #237,028
  • Jul 11, 2010 5:42pm Jul 11, 2010 5:42pm
Quoting winsome
i am away to bed. best of luck with your trade, market futures holding steady only -0.08% down.
Have a nice rest....
"Keep your eyes on the helpers" - Mr. Rogers
  • #237,029
  • Jul 11, 2010 5:43pm Jul 11, 2010 5:43pm
Quoting kill56
watch for 15049

Yeah... I hear you! This could easily go lower in a heartbeat, so in light of that, I am going to go and get some more fresh air for a bit.

Catch ya back here in a bit!
"Keep your eyes on the helpers" - Mr. Rogers
  • #237,030
  • Jul 11, 2010 6:30pm Jul 11, 2010 6:30pm
Hi,
Hope everyone had a great weekend.

I have attached a daily chart for gbpusd.

As you will notice, every time price hit the upper band, it did return to the central line. However, the latest knock on the upper band isn't very 'neat'. Do you think it can breakthrough?

I am a newbie so my observations may be a little silly (untrained).

Thanks in advance.
Attached Image
  • #237,031
  • Jul 11, 2010 6:42pm Jul 11, 2010 6:42pm
The Channel Line GU on H4 have breakout on Friday....
and now.....are need to touch BB Lower ????




Attached Image (click to enlarge)
Click to Enlarge Name: h4gu.JPG Size: 47 KB
  • #237,032
  • Jul 11, 2010 6:44pm Jul 11, 2010 6:44pm
Quoting kill56
watch for 15049
Hey kill do you have an indicator for this chart?
  • #237,033
  • Jul 11, 2010 6:44pm Jul 11, 2010 6:44pm
??????
Attached Image (click to enlarge)
Click to Enlarge Name: 51710710amnzd.jpg Size: 210 KB
  • #237,034
  • Jul 11, 2010 6:50pm Jul 11, 2010 6:50pm
Quoting kalparker
Hey kill do you have an indicator for this chart?
hi i did post the indi look back a few pages
  • #237,035
  • Jul 11, 2010 7:02pm Jul 11, 2010 7:02pm
Quoting trabagwe
??????
Looks to me like the bottom of a channel... weekly price action puts the odds that this will go back up to the top, though as some point one or the other has to break. I have no idea if it will break to the downside or not, but I have bet that it won't.
"Keep your eyes on the helpers" - Mr. Rogers
  • #237,036
  • Edited 9:16pm Jul 11, 2010 8:09pm | Edited 9:16pm
Sold one at 150.48.
  • #237,037
  • Jul 11, 2010 8:18pm Jul 11, 2010 8:18pm
Quoting damonl
Well, my bias for the time being is still long cable, although if we get a close below the weekly candle that will close in 1 hour and 10 minutes, my bias will immediately switch to short.

Might be a little early, but it looked like a good set-up for entering a trade, so here it it....

Long @ 1.50543
SL @ 1.50358
No TP at the given moment
B/E +2 at 1.50838

Once my B/E+2 area is hit, I will start having some real fun. I will base my exit in profit later and add to my winning positions as I see how the night progresses.

So.. for now, that...
Trade hit SL... onto the next entry...
"Keep your eyes on the helpers" - Mr. Rogers
  • #237,038
  • Jul 11, 2010 8:28pm Jul 11, 2010 8:28pm
My last trade was based on 5M divergence with the 15M, 30M, and 1H all being in oversold positions....

We have now moved into divergence on 15M, 30M, and 1Hr charts.... certainly a more favorable long entry in the making than my earlier trade... but since the break of the low of the 1W bar, I will be looking to put more risk into short trades this week.. but will still be trading in both directions as some times that first reversal direction carries a lot of indecision, especially, since major trend is down for the Pound.
"Keep your eyes on the helpers" - Mr. Rogers
  • #237,039
  • Jul 11, 2010 8:34pm Jul 11, 2010 8:34pm
one more chart befor i go to sleep i might be wrong best of luck to all
Attached Image (click to enlarge)
Click to Enlarge Name: 4h cable.gif Size: 19 KB
  • #237,040
  • Jul 11, 2010 8:40pm Jul 11, 2010 8:40pm
when GU will up for a while ? ...
maybe for 30-40 point ?....
maybe....maybe....
Maybe At : 1.5012 ....

Attached Image (click to enlarge)
Click to Enlarge Name: h4gu2.JPG Size: 45 KB
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