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Cable Update (GBPUSD)

  • #581
  • Dec 3, 2006 9:14pm Dec 3, 2006 9:14pm
You are correct.



Quoting notouch
There's no point reading anything in to price action as this time of the day. Let's wait to see what London thinks of your Fib level.
  • #582
  • Dec 3, 2006 9:16pm Dec 3, 2006 9:16pm
Got to have a little fun and use something for comfort when the pound retraces 73 pips
  • #583
  • Dec 3, 2006 9:18pm Dec 3, 2006 9:18pm
My opinion, 1.9763 strong support. If price break support, then this will tell us market will retrace/reverse.. i don't think when london open price break the support line. But if price break i will short..



Quoting goodthings
You are correct.
Yacob I dive the market without Fear.
  • #584
  • Dec 3, 2006 9:57pm Dec 3, 2006 9:57pm
Sold GU at 1.9810 for 36 pip profit which I opened earlier Asian trading.We might see some reversal this afternoon becasue of no show for both London and US markets today.
  • #585
  • Dec 3, 2006 10:10pm Dec 3, 2006 10:10pm
To Goodthings........

I got my gun in the City of the Clouds. That place that was last visited in 92 when the Cable reached the 2.0000 level! It's great for snipping PIPS!

Got my Stops and Limits set. I pray she stays LONG. I gotta hit the sack. Happy trading everyone!
Show me the PIPS!
  • #586
  • Dec 3, 2006 11:43pm Dec 3, 2006 11:43pm
It looks like a triangle is forming right about now. I can't tell if it's more a symmetrical triangle or descending triangle. Anyone have any ideas on what it might be and where it might go?
  • #587
  • Dec 3, 2006 11:48pm Dec 3, 2006 11:48pm
The best way wait for this breakout
Attached Image
Yacob I dive the market without Fear.
  • #588
  • Dec 3, 2006 11:56pm Dec 3, 2006 11:56pm
Quoting Yacob
The best way wait for this breakout
hope gbp/usd would go down...co'z i'm short right now...
  • #589
  • Dec 3, 2006 11:57pm Dec 3, 2006 11:57pm




Quoting ert
hope gbp/usd would go down...co'z i'm short right now...
Yacob I dive the market without Fear.
  • #590
  • Dec 4, 2006 1:00am Dec 4, 2006 1:00am
Does anybody have any sea-sickness pills please?

Think i'll just lie down for a while!

30x
Polishing my crystal ball
  • #591
  • Dec 4, 2006 1:01am Dec 4, 2006 1:01am
hmm..move not so big but enough space for a profit.i'm scalping the Gu today.not so bad
  • #592
  • Dec 4, 2006 1:06am Dec 4, 2006 1:06am
Im gonna jump overboard with a trading like this one.
  • #593
  • Dec 4, 2006 1:11am Dec 4, 2006 1:11am
Holy @#**!! I think I am going to lay back down! We still don't have a candle closed below the pivot so I am going to tell myslef... "all is well."
Show me the PIPS!
  • #594
  • Dec 4, 2006 1:21am Dec 4, 2006 1:21am
be patient.. now the best time for you to go long..
Yacob I dive the market without Fear.
  • #595
  • Dec 4, 2006 1:22am Dec 4, 2006 1:22am
I've done that earlier bought GU @ 1.9790 but a couple of hours lost at 1.9727
  • #596
  • Dec 4, 2006 1:28am Dec 4, 2006 1:28am
Quoting Yacob
be patient.. now the best time for you to go long..
so gbp is goung up again not down?
  • #597
  • Dec 4, 2006 1:39am Dec 4, 2006 1:39am
to be honest i don't know where the price will go.. but i trigger long at 1.9726 at the lowest support
Yacob I dive the market without Fear.
  • #598
  • Edited 1:58am Dec 4, 2006 1:40am | Edited 1:58am
Quoting ert
so gbp is goung up again not down?
The move downward we have seen looks as though it is a very minor retracement, actually much less than could have been expected given the size of the recent moves. For example, USD/JPY had a retracement to 61.8 fib of its Friday move. These retracements should end shortly and the pairs sould resume the path they had been on before.
  • #599
  • Dec 4, 2006 1:57am Dec 4, 2006 1:57am
I think the cable should drop some first. maybe to the 1.9700 level before it starts back up.
  • #600
  • Dec 4, 2006 3:02am Dec 4, 2006 3:02am
It looks like a pin bar might be forming ? - Looking at cable 4H chart. However, it is not preceded by a large decline, nor is the nose too long

However, it looks like it is preceded by a DBHLC..hmm..<MUMBLE muble>
Cable really has us all guessing now
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