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Cable Update (GBPUSD)

  • #26,461
  • Aug 23, 2007 7:48am Aug 23, 2007 7:48am
Quoting de123
Sorry this is the second time, im advising that it is not welcome to put trend lines in lower time frames, because THE THING IS MOVING LIKE

PARABOLA;

AND UR SHORTS WILL BE WIPPED OUT, i was very good in MAth and Fiziks, , so I know what EXPONENTIALLY MEANS; it means UP.
It does? Thats news to a lot of others who believe it means:

a. Containing, involving, or expressed as an exponent.
b. Expressed in terms of a designated power of e, the base of natural logarithms

Don't see UP mentioned. Exponentials can be negative too.
  • #26,462
  • Aug 23, 2007 7:49am Aug 23, 2007 7:49am
i LOVE the forex market. this is great. nothing getter then going to bed and waking up 300pips up for the week. I feel like I'm at a candy store. Small gains is the key for me. I sure you hard core guys are up 10x's that.
  • #26,463
  • Aug 23, 2007 7:51am Aug 23, 2007 7:51am
Quoting cesarnc
"Shut the f#$@%# up, soros. We are coming..."
Love it.........
  • #26,464
  • Aug 23, 2007 7:52am Aug 23, 2007 7:52am
Quoting SunTrader
It does? Thats news to a lot of others who believe it means:
Don't see UP mentioned. Exponentials can be negative too.
Ya, but not in current long term charts. u awake?....whats up with the Dean factor?
its just money
  • #26,465
  • Aug 23, 2007 7:52am Aug 23, 2007 7:52am
LOL...

Was fooling around here and forgot the news... Jobless claim fell a notch....

Planning re-entry until 9:30 EST, price action tells me so. If carry trades act with strength by NYSE open, I might jump heavier into them.....
  • #26,466
  • Aug 23, 2007 7:57am Aug 23, 2007 7:57am
Quote
now its safe again... ....if u cant handle profits, close them and reenter like cesar,...thats a good strategy...

It started off the lows from 1.9654 and highs at: 2.0089 and thats over 400 points

WILL climb more but might include falls and for sure bullish is not over yet, but psychological pressures and common sense and on top of that several thousands of pips in floating profit were pressing me hard. euro + cable must be 5000 pips or more

I am not a very old trader, hardly an year old and is wasn't easy with an urge to go on the weekend little early.

anyways, I wish all of you great great goood luck and loads of pips ahead :-)

Hello World!
  • #26,467
  • Aug 23, 2007 8:01am Aug 23, 2007 8:01am
the image link I tried thru imageshack looks bad, so here I try again...
Attached Image (click to enlarge)
Click to Enlarge Name: long-cables-23-aug.gif Size: 12 KB
Hello World!
  • #26,468
  • Aug 23, 2007 8:02am Aug 23, 2007 8:02am
Now for all the ones who are also watching the Dow - where is resistance?

Looks to me right in front of us 50% - 61.8% retracement zone.

Also when the Dow / S&P futures gap up overnight from previous close there is a high% (something like 65%) the gap will be filled the following day (today). Doesn't mean once it is filled the Dow might not resume uptrend. Just that it may not be till later this morning or afternoon before going higher.

But the resistance may take a lot longer to get through. Be aware.
Attached Image (click to enlarge)
Click to Enlarge Name: Dow082307.jpg Size: 49 KB
  • #26,469
  • Aug 23, 2007 8:08am Aug 23, 2007 8:08am
Quoting SunTrader
Now for all the ones who are also watching the Dow - where is resistance?
50% hi-low from top to panic's bottom lies at 13,270.... It's the figure I'm watching.

Ooos... Sorry, just noticed you're running the same...
  • #26,470
  • Aug 23, 2007 8:19am Aug 23, 2007 8:19am
Now actually I realize the better way to draw fib retracement when you have a spike is to use the closing price, not low (in this case). Don't have time to post new chart right now. But zone is basically same area. 13296 - 13429.
  • #26,471
  • Edited 8:34am Aug 23, 2007 8:21am | Edited 8:34am
Cesar,

You mentioned yesterday big number of 82 for USD$ index. Not it is 81 on downside. If it doesn't hold, more upside for cable.

Sun
  • #26,472
  • Aug 23, 2007 8:32am Aug 23, 2007 8:32am
Rock'n'Roll..... http://www.belenus.co.uk/emotipadplus/rock-on.gif
  • #26,473
  • Aug 23, 2007 8:38am Aug 23, 2007 8:38am
Cable seems like done testing "resistance come support" 38.2 fibo line rite now. Looking for another climbing session. But Euro is still sitting there like a lazy pig.
  • #26,474
  • Aug 23, 2007 8:44am Aug 23, 2007 8:44am
Auslanco has overtake GJ thread to become 2nd largest thread in FF.
  • #26,475
  • Aug 23, 2007 8:46am Aug 23, 2007 8:46am
Here's a chart of the German DAX also facing strong resistance zone.
Attached Image (click to enlarge)
Click to Enlarge Name: DAX.jpg Size: 77 KB
  • #26,476
  • Aug 23, 2007 8:46am Aug 23, 2007 8:46am
My 2 long trades still running 1.9870 and 1.9904, will try to open more long trades if posible at low prices
  • #26,477
  • Aug 23, 2007 8:51am Aug 23, 2007 8:51am
Quoting dd33
Auslanco has overtake GJ thread to become 2nd largest thread in FF.
Could be the 1st for all I care...

No one takes the charm of the Cable Update
  • #26,478
  • Aug 23, 2007 8:54am Aug 23, 2007 8:54am
Dow pulling back to yesterdays closing level.
  • #26,479
  • Aug 23, 2007 8:55am Aug 23, 2007 8:55am
I dont know did i said something about shorting?
.
  • #26,480
  • Aug 23, 2007 8:56am Aug 23, 2007 8:56am
Bank of America -0.17%
Countrywide +7%.

BOA's shareholders did'nt like that idea soooo much
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