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Cable Update (GBPUSD)

  • #18,181
  • Jul 11, 2007 2:54am Jul 11, 2007 2:54am
Is this a good time to go short?
  • #18,182
  • Jul 11, 2007 2:56am Jul 11, 2007 2:56am
Quoting JosV
Is this a good time to go short?
I am Long Cable Long
  • #18,183
  • Jul 11, 2007 2:56am Jul 11, 2007 2:56am
true...., but weekly stohastic says we are slowly coming in Resistance area, but futures are expired sept. 15....((i guess many americans are going to holiday in UK & Europe, more then vice versa, we hate those burgers))
its just money
  • #18,184
  • Jul 11, 2007 2:57am Jul 11, 2007 2:57am
Quoting JosV
Is this a good time to go short?
YES! But you'll first have to turn your chart upside down.
  • #18,185
  • Jul 11, 2007 2:59am Jul 11, 2007 2:59am
Quoting karmostaji
I love how everyone says where gu will go instead of looking at the chart and see what it says..
Trust price. Know yourself.
  • #18,186
  • Jul 11, 2007 3:00am Jul 11, 2007 3:00am
Quoting RJF
YES! But you'll first have to turn your chart upside down.
  • #18,187
  • Jul 11, 2007 3:02am Jul 11, 2007 3:02am
I wouldn't trust any kind of shorts right now. Maybe... for scalping, perhaps.

Poor bears.
Attached Image
  • #18,188
  • Jul 11, 2007 3:03am Jul 11, 2007 3:03am
In my way of thinking, cable is going to retrace soon. Just take a look. Comments are welcome.
Attached Image
  • #18,189
  • Jul 11, 2007 3:04am Jul 11, 2007 3:04am
Quoting Mindaugas
In my way of thinking, cable is going to retrace soon. Just take a look. Comments are welcome.
Long Cable Long
  • #18,190
  • Jul 11, 2007 3:05am Jul 11, 2007 3:05am
Quoting RJF
YES! But you'll first have to turn your chart upside down.
I'm amazed by the useless comments that some people make thinking they're funny when others come here hoping that they'll benefit from better traders experience!
  • #18,191
  • Jul 11, 2007 3:06am Jul 11, 2007 3:06am
The real level is 2.0311 and in my chart in not broken yet but 4 hour bar is very bullish.
Johann Channels and cycles are everything
  • #18,192
  • Jul 11, 2007 3:06am Jul 11, 2007 3:06am
2.0315 has been the third touch of a slanted resistance line, previously touched on December 4, 2006 and April 18, 2007. If cable wants to retrace, bouncing from this line would be for it the right thing to do, and then go to the support line (currently 1.9780).

Edited: Mindaugas posted the same idea while I was writing this. I agree with him/her.
sans peur et sans reproche
  • #18,193
  • Jul 11, 2007 3:06am Jul 11, 2007 3:06am
maybe but when it does, please change ur accounts into europeans, and enjoy life, cool?
its just money
  • #18,194
  • Jul 11, 2007 3:09am Jul 11, 2007 3:09am
Quoting zoheir
I'm amazed by the useless comments that some people make thinking they're funny when others come here hoping that they'll benefit from better traders experience!
This is the worst thread to read if you want to learn ANYTHING. Let alone how to trade properly or make money.

My opinion and conviction.
Trust price. Know yourself.
  • #18,195
  • Jul 11, 2007 3:14am Jul 11, 2007 3:14am
This thread is mostly for random personal brags and opinions... and to have an overall view of what people are doing. Not really for analysis and insight.

There are only a few charts and useful posts (I congratulate those who post that, though). If someone here is new to trading, avoid reading this thread. Develop a system and follow it. It will be easier...
  • #18,196
  • Jul 11, 2007 3:16am Jul 11, 2007 3:16am
Quoting Mindaugas
In my way of thinking, cable is going to retrace soon. Just take a look. Comments are welcome.
Hi there

Good chart Minduagas, looks like we are in a retrace at the moment. Are you looking do buy on the dip?
  • #18,197
  • Jul 11, 2007 3:18am Jul 11, 2007 3:18am
Quoting LazyPip
This thread is mostly for random personal brags and opinions... and to have an overall view of what people are doing. Not really for analysis and insight.

There are only a few charts and useful posts (I congratulate those who post that, though). If someone here is new to trading, avoid reading this thread. Develop a system and follow it. It will be easier...
Thanks for the replies, that really helps, but I guess the thread name shouldn't be called "Cable Update" cause that's a bit on the serious side! thank you gentlemen ... bye
  • #18,198
  • Jul 11, 2007 3:20am Jul 11, 2007 3:20am
Quoting de123
true...., but weekly stohastic says we are slowly coming in Resistance area, but futures are expired sept. 15....((i guess many americans are going to holiday in UK & Europe, more then vice versa, we hate those burgers))
Only the Americans who went long the Euro/GBP will be holidaying in Europe...
For this to happen in the year I sell GBP and emigrate to the USA, does it prove there is no god because he wouldn't do something so wonderful for an atheist, or does it prove there is a god who loves atheists too ?
Busy raiding the piggy bank and selling my granny for GBP's to convert to USD... but will it go to 2.1000 ? Wanna buy a granny ?
  • #18,199
  • Jul 11, 2007 3:21am Jul 11, 2007 3:21am
yes... I can see that may come...
btw... I like reading this posts, I don't like some of the comments but I do enjoy some others and I think those help me understand more about Forex. I am new in it but I am learning. Thank you all for your comments.
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  • #18,200
  • Jul 11, 2007 3:23am Jul 11, 2007 3:23am
Quoting zoheir
Thanks for the replies, that really helps, but I guess the thread name shouldn't be called "Cable Update" cause that's a bit on the serious side! thank you gentlemen ... bye
It's just a fact that even I became more confused reading this thread than anything else at times. It does have some good analysis, but maybe for the really new people they might mix up things a bit, and lose money believing in everything they read.

I see no problem in being funny once in a while, though...
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