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Cable Update (GBPUSD)

  • #19,441
  • Jul 17, 2007 11:14pm Jul 17, 2007 11:14pm
Quoting moneymagnet
where in the heck do i get in at !! i have been waiting for the retrace but its not happening!!
I thought it might retrace a bit but it didn't at all lol.. cable has lost it's mind
Trade what you see, not what you think.
  • #19,442
  • Jul 17, 2007 11:18pm Jul 17, 2007 11:18pm
Quoting MoForce
lol you should have jumped in when it broke 2.05!
i know. didnt think it would break at this time of night. if was 2am or later i would have. lol. guess i should have jumped in at 2.0100
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #19,443
  • Jul 17, 2007 11:20pm Jul 17, 2007 11:20pm
heck, i had long signal at 9985, i didn't. should've jumped in! lol.

but i believe its gonna move up some more, wait 3 more hrs i guess!
  • #19,444
  • Jul 17, 2007 11:26pm Jul 17, 2007 11:26pm
i think this pair spends much more time correcting than trending ... see for yourself: previous highs (1.9028 / 9129 / 9848 / 0131) reached during 4-6 bullish weeks were followed by a "correction" period (or retracement or whatever...) of about 10 (!!!) weeks.
so... long story short... be prepared for some possible 8-10-12 weeks of correction.
another hike in UK is not expected for next month. if CPI/Retail Sales confirm a short term downtrend, then market would correct from the last high.
now, there will be another 8 or 10 or 12 weeks of correction... but from where?
Nihil Sine Deo.
  • #19,445
  • Jul 17, 2007 11:37pm Jul 17, 2007 11:37pm
Quoting Scrat
i think this pair spends much more time correcting than trending ... see for yourself: previous highs (1.9028 / 9129 / 9848 / 0131) reached during 4-6 bullish weeks were followed by a "correction" period (or retracement or whatever...) of about 10 (!!!) weeks.
so... long story short... be prepared for some possible 8-10-12 weeks of correction.
another hike in UK is not expected for next month. if CPI/Retail Sales confirm a short term downtrend, then market would correct from the last high.
now, there will be another 8 or 10 or 12 weeks of correction... but from where?
nope... cable won't correct... not at this moment of time... be prepared for 2.0700 today.... it is inevitable!
  • #19,446
  • Jul 17, 2007 11:51pm Jul 17, 2007 11:51pm
good morning guys,

cable is touching my predicted level,see this figures today for last day,
u will never see this figure again in next 2 years atleast,n even if gets more correction may be next five years u will not see this figures,
not only cable,but also eur/aud/nzd.

correction is expected more then 10 percent in 12 months,in all currencies
fasten ur seat belts (i mean ur accounts),n have a great corrections,

have a great day,

lord of fx.
LIVE LOVE LAUGH KRISHNA
  • #19,447
  • Jul 17, 2007 11:53pm Jul 17, 2007 11:53pm
thanks for not capitalizing every first letter krishna
Trade what you see, not what you think.
  • #19,448
  • Jul 17, 2007 11:53pm Jul 17, 2007 11:53pm
my indicators are showing way over bought. but the trend could go on though. have some sl set in for some healthy profit. 600 is my tp if it gets there. hopefully
  • #19,449
  • Jul 18, 2007 12:06am Jul 18, 2007 12:06am
Quoting karmostaji
thanks for not capitalizing every first letter
krishna

capitalizing EACH first letter ...Karmostaji !!!!!
For he that would be deceived, let him.
  • #19,450
  • Jul 18, 2007 12:09am Jul 18, 2007 12:09am
why is there no meeting minutes forecast? long if its over 5-4 and short if its below 5-4 right. at least thats my understanding.
  • #19,451
  • Jul 18, 2007 12:26am Jul 18, 2007 12:26am
Quoting pinchapip
capitalizing EACH first letter ...Karmostaji !!!!!
stop making me feel i'm in a engl101 class lol
Trade what you see, not what you think.
  • #19,452
  • Jul 18, 2007 12:29am Jul 18, 2007 12:29am
Quoting krishna
good morning guys,

cable is touching my predicted level,see this figures today for last day,
u will never see this figure again in next 2 years atleast,n even if gets more correction may be next five years u will not see this figures,
not only cable,but also eur/aud/nzd.

correction is expected more then 10 percent in 12 months,in all currencies
fasten ur seat belts (i mean ur accounts),n have a great corrections,

have a great day,

lord of fx.
we'll see... i'm seeing 2.0700 today!
  • #19,453
  • Jul 18, 2007 12:32am Jul 18, 2007 12:32am
1st of all, i apologise... Cable din go dwn.. i lost 100 pips shorting it. nw i had a long position.. hopefully we'll see it goes up to 2.07. i tink all of us here r goin long rite?
  • #19,454
  • Jul 18, 2007 12:38am Jul 18, 2007 12:38am
Quoting Holypendant
1st of all, i apologise... Cable din go dwn.. i lost 100 pips shorting it. nw i had a long position.. hopefully we'll see it goes up to 2.07. i tink all of us here r goin long rite?

don;t go long my dear u will again in loss,
take short now at 2.0545 n exit at 2.0510
again double ur position at 2.0510 book prft at 2.0555,
agai short ur position at 2.0555 n book prft at least at 2.0450,

if u don;t get this i wil change my name,

regards
lord of fx
LIVE LOVE LAUGH KRISHNA
  • #19,455
  • Jul 18, 2007 12:40am Jul 18, 2007 12:40am
!!!!! you gotta be kidding... i had already long...
  • #19,456
  • Jul 18, 2007 12:42am Jul 18, 2007 12:42am
Quoting krishna
don;t go long my dear u will again in loss,
take short now at 2.0545 n exit at 2.0510
again double ur position at 2.0510 book prft at 2.0555,
agai short ur position at 2.0555 n book prft at least at 2.0450,

if u don;t get this i wil change my name,

regards
lord of fx
Double short expecting to go up??
  • #19,457
  • Jul 18, 2007 12:43am Jul 18, 2007 12:43am
Patience is key.
Trade what you see, not what you think.
  • #19,458
  • Jul 18, 2007 12:45am Jul 18, 2007 12:45am
Quoting Holypendant
!!!!! you gotta be kidding... i had already long...
Dont follow other people's call.. U dont even know if they trade their own calls.. Trade what u see and what u plan.. and if u dont see an opportunity to jump in.. stay on the sidelines..
  • #19,459
  • Jul 18, 2007 12:48am Jul 18, 2007 12:48am
I've been waiting for retraacement n i saw NONE of it... n cable juz go up n up like nobody business.. i regret closing my long position durin 2.0394
  • #19,460
  • Jul 18, 2007 12:50am Jul 18, 2007 12:50am
that's why they say, let your profits run
Trade what you see, not what you think.
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