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Cable Update (GBPUSD)

  • #246,861
  • Aug 19, 2010 1:29am Aug 19, 2010 1:29am
Quoting forexlion
nice video for u doc

triple bottom or ......... ?

http://www.facebook.com/video/video.php?v=1441439349985

well

now i understand what this video means

the poor guy got it from all sides
  • #246,862
  • Aug 19, 2010 1:31am Aug 19, 2010 1:31am
the current 1 hour chart candles

simply untradeable

i am happier sitting on the fence

http://img840.imageshack.us/img840/9827/56688640.gif
  • #246,863
  • Aug 19, 2010 1:44am Aug 19, 2010 1:44am
Quoting forexlion
100 to 833 is easy in a trend, in ranging if you are not careful then 33 is also easy

unless you have 3 to 4 years of consistent gains to show, don't boast windfall gains.
agreed, happened with me, took my account up 40% and then lost 60%... Believe me, it's easy!!!

BTW, reckon we will be staing in this channel on daily and h4? That would mean we are going to get strong support soon pushing us back to the top...

Will be watching LOL ;-)
@pawpaw1000 on Twitter
  • #246,864
  • Aug 19, 2010 1:45am Aug 19, 2010 1:45am
15 minutes for London...... should be fun
  • #246,865
  • Aug 19, 2010 1:47am Aug 19, 2010 1:47am
that last M15 candle spells bull opening. almost identical to yesterday.
TRADE FOR SWAP
  • #246,866
  • Aug 19, 2010 1:53am Aug 19, 2010 1:53am
Quoting cgldsmth
that last M15 candle spells bull opening. almost identical to yesterday.
yes, but may be a fake also ))
  • #246,867
  • Aug 19, 2010 1:56am Aug 19, 2010 1:56am
Quoting mouse09
yes, but may be a fake also ))

Too true, only time will tell
  • #246,868
  • Aug 19, 2010 2:01am Aug 19, 2010 2:01am
retail sales at 9.30 , could bring us back up again like yeterday if good.
  • #246,869
  • Aug 19, 2010 2:05am Aug 19, 2010 2:05am
1 hour cable looks like forming a bull flag, can take some time

watch audusd 1 hour
  • #246,870
  • Aug 19, 2010 2:05am Aug 19, 2010 2:05am
Quoting cgldsmth
that last M15 candle spells bull opening. almost identical to yesterday.

Hey notice the bull flag yet? Yesterday has that flag as well, it faked south before going north with some help from news.
  • #246,871
  • Aug 19, 2010 2:07am Aug 19, 2010 2:07am
Quoting Makeveli
retail sales at 9.30 , could bring us back up again like yeterday if good.
Looks like the big boys are waiting for that before deciding on a direction...

Think it is fair to say we are now in a down trend looking at H4...

Daily showing quite a nice range...

Let's wait and see, no trading until we have a direction!
@pawpaw1000 on Twitter
  • #246,872
  • Aug 19, 2010 2:16am Aug 19, 2010 2:16am
looking @ MPC minutes and King's letter on inflation, i doubt retail sales would come weaker, but lets see what they cook first.
  • #246,873
  • Aug 19, 2010 2:19am Aug 19, 2010 2:19am
A buy order closer to 4 hour 200 ema would net me approx 150 pips on that long

H4 to H1 200 ema
  • #246,874
  • Edited 2:23am Aug 19, 2010 2:22am | Edited 2:23am
Would a sell at this point considering the approaching retail news get me around 50 pips?
  • #246,875
  • Aug 19, 2010 2:24am Aug 19, 2010 2:24am
the way the ftse's just tanked might mean they are not gonna be that good....
  • #246,876
  • Aug 19, 2010 2:31am Aug 19, 2010 2:31am
too bad for the bulls ....

http://img822.imageshack.us/img822/927/92175620.gif
  • #246,877
  • Aug 19, 2010 2:35am Aug 19, 2010 2:35am
The combination of levels : 1.5495 with 1.2781 on Eur may jump price up.
  • #246,878
  • Aug 19, 2010 2:36am Aug 19, 2010 2:36am
anyone know what just happened?? ftse's tanked more than 60 points in 10 mins , as has cable
  • #246,879
  • Aug 19, 2010 2:40am Aug 19, 2010 2:40am
Quoting Makeveli
anyone know what just happened?? ftse's tanked more than 60 points in 10 mins , as has cable
usa futures did as well.
  • #246,880
  • Aug 19, 2010 2:41am Aug 19, 2010 2:41am
Hindenburg Omen ;-)
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