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Cable Update (GBPUSD)

  • #23,041
  • Aug 8, 2007 9:20am Aug 8, 2007 9:20am
Quoting soros_junior
yes... nothing is impossible... i hope my TP will be reached at 2.0406 today
Actually .0406 is likely to be the top today, but you never know
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #23,042
  • Aug 8, 2007 9:45am Aug 8, 2007 9:45am
chunnel long taken 6774
"Millionaires don't use astrology, billionaires do"
  • #23,043
  • Aug 8, 2007 9:51am Aug 8, 2007 9:51am
Quoting benssol
welcome back our pro master BRAVADO

what you think about GJ, I TPed some positions here, do you tink it will stay above 43 or what? the trendline inclined sharply
retractment is due soon.
but for how much? in time probably well below 43.
BAM BAM BOOM! -bravado
  • #23,044
  • Aug 8, 2007 9:55am Aug 8, 2007 9:55am
Quoting bravado
retractment is due soon.
but for how much? in time probably well below 43.
8th hour up....
.
  • #23,045
  • Aug 8, 2007 9:55am Aug 8, 2007 9:55am
Close to 2.04
.
  • #23,046
  • Aug 8, 2007 10:01am Aug 8, 2007 10:01am
Quoting OrionsWay
better try warpers trade, short yen 19.20
I dont have that trade lol.

I had my sl there in my previous one. I lost, too bad. I will pay attention to weekly emas the next time.

I'm just digesting what is happening.
  • #23,047
  • Aug 8, 2007 10:04am Aug 8, 2007 10:04am
Sell sell sell day traders are getting out me thinks
"Millionaires don't use astrology, billionaires do"
  • #23,048
  • Aug 8, 2007 10:14am Aug 8, 2007 10:14am
117.72 that's where I went long...
.
  • #23,049
  • Aug 8, 2007 10:19am Aug 8, 2007 10:19am
What i believe is the majority of this huge move has been constantly coming from london side. London closes in about 40 minutes. We might see drop after that.

Still, it moved crazy of 200+ pips and gbpjpy moved 400+ pips in a day. Don't you just hate it when you wake up and see the move you missed completely?

Looked like stoch had morning erection, pointing hard up, softening a little now! ;-)
  • #23,050
  • Aug 8, 2007 10:22am Aug 8, 2007 10:22am
Quoting benssol
good chart but
to draw a fibo channel you need at least two touches at the lower band
I would say not 2 but 3 points to draw the channel. points 2 is anchor to the 100% line and point 3 determines the angle of the channel. Sometimes this points are very discretional.

Edit:This is a valid way to draw this channel too and help us to forecast some points.


http://img530.imageshack.us/img530/2...7102236yj3.png
Johann Channels and cycles are everything
  • #23,051
  • Aug 8, 2007 10:26am Aug 8, 2007 10:26am
Quoting m00jiman
What i believe is the majority of this huge move has been constantly coming from london side. London closes in about 40 minutes. We might see drop after that.

Still, it moved crazy of 200+ pips and gbpjpy moved 400+ pips in a day. Don't you just hate it when you wake up and see the move you missed completely?

Looked like stoch had morning erection, pointing hard up, softening a little now! ;-)
m00jiman!!

bah.. just felt like saying that.
BAM BAM BOOM! -bravado
  • #23,052
  • Aug 8, 2007 10:27am Aug 8, 2007 10:27am
Quoting Tragapips
I would say not 2 but 3 points to draw the channel. points 2 is anchor to the 100% line and point 3 determines the angle of the channel. Sometimes this points are very discretional.
exactly
this what I talk about
Attached Image (click to enlarge)
Click to Enlarge Name: gu30m.jpg Size: 27 KB
  • #23,053
  • Aug 8, 2007 10:32am Aug 8, 2007 10:32am
Quoting benssol
exactly
this what I talk about
Yes, the reason why I would NOT go long mid term (daily chart)
.
  • #23,054
  • Aug 8, 2007 10:45am Aug 8, 2007 10:45am
I have only made 3 big gains ever and today was one - all 3 have been accidental - i longed the euro and gbp and drove to yorkshire to cut the lawn at my house i can't sell.

when i got back - yabberdabber -do !!!!

last time i made a huge gain, I had moved to wisconsin and accidentally left a long order on which triggered while i was away- it took 3 weeks to get back on line and i had made huge bucks by accident

the moral of the story - is - I should not micro manage my positions - put a wide stop loss on and then let the position rip for days - buying low or shorting high and always following the trend and ignoring the news and fundamentals and opinion.

I will let you know if it works..
  • #23,055
  • Aug 8, 2007 10:53am Aug 8, 2007 10:53am
Great job Alls
"Millionaires don't use astrology, billionaires do"
  • #23,056
  • Aug 8, 2007 11:15am Aug 8, 2007 11:15am
targets @ 2.033 & 2.031 in extension.
  • #23,057
  • Aug 8, 2007 11:22am Aug 8, 2007 11:22am
Quoting benssol
exactly
this what I talk about
I see your point. The good thing about this is your way or my way fibo channels can help us to make pips.
Johann Channels and cycles are everything
  • #23,058
  • Aug 8, 2007 11:33am Aug 8, 2007 11:33am
Descending trendline in the 4h, currently at 0400/10.

Short again, 0400 http://www.lavinya.net/phpBB2/images...miley_rock.gif

The trendline with the triple bottom 0180/0200, forming a triangle, expecting the well known tomahawk fart for, what? next week?
  • #23,059
  • Aug 8, 2007 11:39am Aug 8, 2007 11:39am
BTW, tech freaks, if fail off 0400 confirms, do we have a H&S in the 4hr?
  • #23,060
  • Aug 8, 2007 11:45am Aug 8, 2007 11:45am
Lucky bastard

http://img.terra.com.br/i/2007/08/08/570642-0287-in.jpg
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