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Cable Update (GBPUSD)

  • #401
  • Nov 30, 2006 10:23am Nov 30, 2006 10:23am
Quoting Tatton

yeah well thats why i havent closed my longs on gdpusd and eurusd .. im up quite a few pips
im glad to hear that..BUT Im to be on the winning side..
  • #402
  • Nov 30, 2006 10:26am Nov 30, 2006 10:26am
Cable need to reverse first then i think it may go to 2.0



Quoting Geldmeister
What is the next resistance? is there any blocking the road towards $2?

If not, I guess there's only price action to provide guidance
"Invest With The Insiders, Not The Masses" George Muzea
  • #403
  • Nov 30, 2006 10:27am Nov 30, 2006 10:27am
will it reverse to 9500s? + / - ?
  • #404
  • Nov 30, 2006 10:29am Nov 30, 2006 10:29am
yes maybe somewhere around 1.9500 or maybe lower..



Quoting m00jiman
will it reverse to 9500s? + / - ?
"Invest With The Insiders, Not The Masses" George Muzea
  • #405
  • Nov 30, 2006 10:32am Nov 30, 2006 10:32am
Quoting shahfx
if u have time..try to check it since 1987-u will be suprise of its accuracy

sorry for my english
hmm.. my bad then my MT4 can't open until 1987
  • #406
  • Nov 30, 2006 10:33am Nov 30, 2006 10:33am
For the last couple of day,GBP always reverse on 33EMA and hit the HIGH but tdy it start reverse on 65 EMA and hit the New HIGH..I think i will never use the same tool on different occassion again!!
  • #407
  • Nov 30, 2006 10:44am Nov 30, 2006 10:44am
We are so far out of traditional analysis, thngs are even more of a "guess" than usual.. if there is a usual. Someone said earlier, and perhaps is the best available, but price action bars maybe about it for getting some sort of idea...

I am sure this has hurt many, and many have made $$, but hey, thats' FX!

We'll just have to see.
  • #408
  • Nov 30, 2006 10:50am Nov 30, 2006 10:50am
Quoting shahfx
For the last couple of day,GBP always reverse on 33EMA and hit the HIGH but tdy it start reverse on 65 EMA and hit the New HIGH..I think i will never use the same tool on different occassion again!!
what method u use?
  • #409
  • Nov 30, 2006 10:51am Nov 30, 2006 10:51am
Quoting mrkam
We are so far out of traditional analysis, thngs are even more of a "guess" than usual.. if there is a usual. Someone said earlier, and perhaps is the best available, but price action bars maybe about it for getting some sort of idea...

I am sure this has hurt many, and many have made $$, but hey, thats' FX!

We'll just have to see.
ok..we'll..its time for me to sleep..if we dnt know what to do..just stand aside or just wait for the majority of the Big B or Pro said abt it!!im waiting for the closing PRICE of this Week
  • #410
  • Nov 30, 2006 11:04am Nov 30, 2006 11:04am
Quoting Qu|cksilver
yes maybe somewhere around 1.9500 or maybe lower..
how's ur sell...
  • #411
  • Nov 30, 2006 11:08am Nov 30, 2006 11:08am
-45



Quoting kamalhassan
how's ur sell...
"Invest With The Insiders, Not The Masses" George Muzea
  • #412
  • Nov 30, 2006 11:19am Nov 30, 2006 11:19am
I got in at the blue horizontal line area good for +75 pips. Would have gone for a short had price moved below horizontal red line with momentum. (Shown is a the MT4 LRC tool in Solid-Blue, plus the FiboChannel tool in Black-DOT using Gann (25) %instead of Fibo (23.6) % etc )

: ) Thom

http://www.accrete.com/fx-posts/misp...nnel2exmpl.png
  • #413
  • Nov 30, 2006 11:22am Nov 30, 2006 11:22am
Quoting Qu|cksilver
-45
are u target this post for long term or short term? if long term, if u don't worry gu will be hit 2.000?
  • #414
  • Nov 30, 2006 11:26am Nov 30, 2006 11:26am
short term.. for this trade i onlt target for 150-200pips



Quoting kamalhassan
are u target this post for long term or short term? if long term, if u don't worry gu will be hit 2.000?
"Invest With The Insiders, Not The Masses" George Muzea
  • #415
  • Nov 30, 2006 11:30am Nov 30, 2006 11:30am
Quoting Qu|cksilver
short term.. for this trade i onlt target for 150-200pips
wahh..are u sure?....ok let me try sell at 1.9688...? it's ok or not?

sell at 1.9688
sl 1.9777
target 1.9538
  • #416
  • Nov 30, 2006 11:44am Nov 30, 2006 11:44am
I get the feeling I am watching one of the Wallendas cross the Grand Canyon on a tight rope, and then one of the brothers stepped onto the rope just now. Good Luck Guys.
In trading, there is no bullshit. You either make money or you don't.
  • #417
  • Nov 30, 2006 11:56am Nov 30, 2006 11:56am
Quoting kamalhassan
wahh..are u sure?....ok let me try sell at 1.9688...? it's ok or not?

sell at 1.9688
sl 1.9777
target 1.9538
Thats just the craziest trade ive heard of sir........Kamal you put that trade in, you will regret it!!!
You need to start listening to ff thoughts on main page. If you are trying to short GBP/US at 3rd res.level,it is ok, although keep in mind, up trend very strong(3rd res level rarely is broken, thus why not put your sl 25 pips above it). Is ok to try to pick up 50 or so pips on retracement from 1.9700......but your stop loss is rediculous. just a thought!!!!!! I learned to keep my stop losses short after i was kicked in the balls by a donkey............. his name was Felix.......I mean FOREX!!!!!!
ttyl
  • #418
  • Nov 30, 2006 12:14pm Nov 30, 2006 12:14pm
Historically the cable goes up 70% of the time in the month of December. Weeker USD and no news to contradict the upword movement of the cable shows strength for the forseeble future.

I've heard some say it may go as high as 2.0 before the peak.

As for me I'm proceeding with caution. It will take a change in the news to for USD before we see a decline.

EW system followers have been predicting a correction for some time now, but the cable seems to extend onward without the expected change.

Only time will tell. I hope it holds out going strong till 2007.
  • #419
  • Nov 30, 2006 12:24pm Nov 30, 2006 12:24pm
Quoting yezbick
Historically the cable goes up 70% of the time in the month of December. Weeker USD and no news to contradict the upword movement of the cable shows strength for the forseeble future.

I've heard some say it may go as high as 2.0 before the peak.

As for me I'm proceeding with caution. It will take a change in the news to for USD before we see a decline.

EW system followers have been predicting a correction for some time now, but the cable seems to extend onward without the expected change.

Only time will tell. I hope it holds out going strong till 2007.
sure. i agree.
  • #420
  • Nov 30, 2006 3:30pm Nov 30, 2006 3:30pm
Quoting yezbick
Historically the cable goes up 70% of the time in the month of December. Weeker USD and no news to contradict the upword movement of the cable shows strength for the forseeble future.

I've heard some say it may go as high as 2.0 before the peak.

As for me I'm proceeding with caution. It will take a change in the news to for USD before we see a decline.

EW system followers have been predicting a correction for some time now, but the cable seems to extend onward without the expected change.

Only time will tell. I hope it holds out going strong till 2007.

GO CABLE ITS YOUR BIRTHDAY GO CABLE ( and bring the euro along for the ride please )
Ghost Swoopen in for my pips while no one is lookin !!
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