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-   -   Cable Update (GBPUSD) (https://www.forexfactory.com/showthread.php?t=10378)

wormboy Feb 25, 2009 6:53am | Post# 123301

Guys, I have been waiting for this thing for 3 + days to bounce down off that 61.8 Fib level. It tested the dam thing 3 times. LOL
3 days? LOL make that the both of us mate. But funny that 4375 is my 50.0 fibs level. 4300 is my 61.8.
Who cares yea? As long as they're green. Moved my sl +100 @ 4450.
Let's see if today she trips for good. Dive!

JammerJams Feb 25, 2009 6:54am | Post# 123302

nice trading
I was able to catch that short from up there..now intend to catch it up..but only in using a pending entrance..not from hopes that its 61.8% ...can still go lower..

Myman Feb 25, 2009 6:57am | Post# 123303

Perhaps it goes down to 1.41++ area.

amar747 Feb 25, 2009 6:58am | Post# 123304

hoping with a rebound at 1.4250 putting my buy order over there

ezodisy Feb 25, 2009 7:00am | Post# 123305

oof big candle

AJspeed Feb 25, 2009 7:00am | Post# 123306

1.4360
 
1.4360 is my release level, if it touches 4360 it will go on down to 4300.

AJ

moved my target short is 1.4394

Attachment 210210

IF SHE cannot touched that level or only touched that level and not continue to 1.4311 SHE will go to fibo daily high again, waiting for news in 10:00pm. red for USD.

JammerJams Feb 25, 2009 7:02am | Post# 123307

hoping with a rebound at 1.4250 putting my buy order over there
if its to keep confusion as the main mantra...then 4250 is the level...that would maintain a nice wedge formation...and keep us in the dark as to its longer direction.

but...it must pass this 61.8% level..or we shall see a nice rise...

I dont mind catching 25% of the long..some profit is better then any loss

AJspeed Feb 25, 2009 7:03am | Post# 123308

T/P
 
By the way, my T/P is actually 1.4305 for obvious reasons

Myman Feb 25, 2009 7:06am | Post# 123309

If it can't break at this level, then it goes up again, three times in a row. I did learn a good thing about this. Thanks guys

wormboy Feb 25, 2009 7:08am | Post# 123310

By the way, my T/P is actually 1.4305 for obvious reasons
Why don't you just lock it and let it go further? When it reaches 4300 level cci will prolly be settling in the oversold. That usually will push it down. Just a thought.

JammerJams Feb 25, 2009 7:10am | Post# 123311

By the way, my T/P is actually 1.4305 for obvious reasons
well aj...
the downward pressure is capable of keeping this short direction for a while..good luck..

Im setting alarms..and then zzzZZZ

daffy Feb 25, 2009 7:20am | Post# 123312

I think we are going further down. Reckon we are just taking a breather to take another look at the 4H 50EMA.

biax Feb 25, 2009 7:23am | Post# 123313

1 Attachment(s)
my short closed.

add north @4381 +BEP


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yiha closed for +20 I'm Clear right now...

waiting for next 3 hour... see ya all

JammerJams Feb 25, 2009 7:24am | Post# 123314

I think we are going further down. Reckon we are just taking a breather to take another look at the 4H 50EMA.
I did long for +20 and out till we cross another +15 min candle..and start a nice + engulfing candle..

either direction..does not matter to me...as long as there is +pips

mangZX7L Feb 25, 2009 7:46am | Post# 123315

1H n 30M?
 
guys...what do u think of 1h n 30m?

LuckyLurker Feb 25, 2009 8:00am | Post# 123316

rumors (dealer chatter) that the British gov't is set to announce details of a bank bailout plan at 1pm today. No idea what effect this would have on pound currently.

JammerJams Feb 25, 2009 8:12am | Post# 123317

guys...what do u think of 1h n 30m?

The 1 hr handle is looking rather nice for a long soon...I entering if this next candle finishes above the previous wick...
Stoch is looking nice for a long CCI beyond -100 and upward pressure moving toward 50 level...

but....its still in flux..letting candle set first

biax Feb 25, 2009 8:19am | Post# 123318

guys...what do u think of 1h n 30m?
Flat right now..
but i think its will be North... waiting for good price to open

mangZX7L Feb 25, 2009 8:32am | Post# 123319

thanks jammer jams n biax...im in already when 30m complete..just move my sl to +10...hmmm..

nAVIN2007 Feb 25, 2009 8:34am | Post# 123320

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