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Cable Update (GBPUSD)

  • #21,521
  • Jul 27, 2007 5:06am Jul 27, 2007 5:06am
Quoting cesarnc
Yeah. We gotta rescue him. We don't leave a fellow behind

http://www.spokesmanreview.com/iraq/...04_marines.jpg
Don’t Forget Me here @ 1.95 !!!!!!!!!!!
For he that would be deceived, let him.
  • #21,522
  • Jul 27, 2007 5:06am Jul 27, 2007 5:06am
Quoting dd33
Thanx.. as what people like to say.. simple is the best..

Cesarnc.. thanx for ur view.. its a good one.. so basically we still see that this "bearish" movement still can go down further..
History repeats, yes. Check in the weekly chart how cable has pushed about 900 pips up then corrects to the 50% fib.

But this correction is going faster than I anticipate. If we see this 50% fib on next week, it could extend down. Would be all about having strong data to push....

61% fib lies at about 2.0000, so this one is going to be critical. At this level, r:r for longs is favoured
  • #21,523
  • Jul 27, 2007 5:06am Jul 27, 2007 5:06am
can this ay basicaly end in freefall lets say fibo 50 thats 250?
  • #21,524
  • Jul 27, 2007 5:09am Jul 27, 2007 5:09am
sorry thats 150 fib 50
  • #21,525
  • Jul 27, 2007 5:12am Jul 27, 2007 5:12am
Quoting cesarnc
Yeah. We gotta rescue him. We don't leave a fellow behind

yes

everybody in this thread must unit to rescue him
American, Persian, Brazilians, ....
everybody

dont panic free444 just sleep above the support

we will come


Attached Image
  • #21,526
  • Jul 27, 2007 5:12am Jul 27, 2007 5:12am
Quoting ratman
can this ay basicaly end in freefall lets say fibo 50 thats 250?
Quick answer: this is Friday, anything can happen.

Right now I'm looking at euro (last 3650). 38% fib is at 3625 and euro spent SEVEN DAYS trying to break it on its way up. So, if I have to bet, I don't bet in the breach of this level today (cable following suit)
  • #21,527
  • Jul 27, 2007 5:15am Jul 27, 2007 5:15am
Quoting benssol

yes

everybody in this thread must unit to rescue him
American, Persian, Brazilians, ....
everybody

dont panic free444 just sleep above the support

we will come


Attachment
Benssol, please. We gotta think about everything. Please prepare the statement for the family in case he's already a MCIA*

*Margin Called In Action
  • #21,528
  • Jul 27, 2007 5:21am Jul 27, 2007 5:21am
Quoting cesarnc
Quick answer: this is Friday, anything can happen.

Right now I'm looking at euro (last 3650). 38% fib is at 3625 and euro spent SEVEN DAYS trying to break it on its way up. So, if I have to bet, I don't bet in the breach of this level today (cable following suit)


ok here is my "stuff" basicaly i am looking at this same as you are now. euro has a nice 38fib at ~ 620, + it summs up exactly with 250EMA in 4H chart...I mean exactly. but if we are looking at long term chart an SUP RES lines, turns out that anyway euro will end its current selling at 480 - 440 an pound at 2.0000 if current supp at 350 breached, off course thats in 1D chart. Anyway i am in losing trades streak now, thats why I am confused in my analysis and trading right now
  • #21,529
  • Jul 27, 2007 5:21am Jul 27, 2007 5:21am
  • #21,530
  • Jul 27, 2007 5:32am Jul 27, 2007 5:32am
So far this year Cable have been too easy to trade. The market has been generously depositing some money on almost every dummy's account. There should be a withdrawal time to come up rather sooner than later this year when the market takes the loan back. With some hefty interest of course. I wouldn't even bother with considering longs untill the gap at 1.9745 is filled. In fact, I wouldn't bother with medium term longs at all till the following New Year's eve.
  • #21,531
  • Jul 27, 2007 5:33am Jul 27, 2007 5:33am
welcome back Igrok
  • #21,532
  • Jul 27, 2007 5:39am Jul 27, 2007 5:39am
Nice to see things dropping nicely
"Millionaires don't use astrology, billionaires do"
  • #21,533
  • Jul 27, 2007 5:44am Jul 27, 2007 5:44am
short cable short
  • #21,534
  • Jul 27, 2007 5:45am Jul 27, 2007 5:45am
Quoting OrionsWay
Nice to see things dropping nicely
Yes, so creepy move already. almost 200 pips before NYC.

I'm dropping my stoplosses only, already locking 100+ pips in each trade

Want to see where this monster is going to stop.
  • #21,535
  • Jul 27, 2007 5:48am Jul 27, 2007 5:48am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting cesarnc
Yes, so creepy move already. almost 200 pips before NYC.

I'm dropping my stoplosses only, already locking 100+ pips in each trade

Want to see where this monster is going to stop.
not sure were to move my SL to, looking just above 28% fib, could do with a little advice on this please.

regards
  • #21,536
  • Jul 27, 2007 5:49am Jul 27, 2007 5:49am
What is the chance of cable going below 2.0280
  • #21,537
  • Jul 27, 2007 5:53am Jul 27, 2007 5:53am
wait i got an idea,... evrything seems to be turning up again,...ftse, euro, cable, gold...so its sooros time again, ...or let me put it this way...
long cable long .... sl a litle below 300...go cable go
its just money
  • #21,538
  • Jul 27, 2007 5:54am Jul 27, 2007 5:54am
  •  dado26
  • | Joined Mar 2007 | Status: Plan your trade and trade your plan | 180 Posts
Quoting cesarnc
Yes, so creepy move already. almost 200 pips before NYC.

I'm dropping my stoplosses only, already locking 100+ pips in each trade

Want to see where this monster is going to stop.
Not bad at all. I am glad tosee you colecting those pips....
Free4444 will probably enter long now.....
  • #21,539
  • Jul 27, 2007 5:58am Jul 27, 2007 5:58am
Quoting de123
wait i got an idea,... evrything seems to be turning up again,...ftse, euro, cable, gold...so its sooros time again, ...or let me put it this way...
long cable long .... sl a litle below 300...go cable go
you forget those

cable will take 400 as a piece of cake
might be sooner than u expected
Long Cable Long
America Under attack

  • #21,540
  • Jul 27, 2007 5:58am Jul 27, 2007 5:58am
Quoting MPP
not sure were to move my SL to, looking just above 28% fib, could do with a little advice on this please.

regards
I locked half of my trades at 0355, the others have no SL. It's my strategy to reduce my positions for the week and open room for renewed trades for next week.

If cable trades 0280/50, I'm dumping 3/4 of my positions. Same for Euro, that is going slower though
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