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Cable Update (GBPUSD)

  • #28,721
  • Sep 4, 2007 5:12am Sep 4, 2007 5:12am
Dow futures is recoverying to flat... As cable stays at the trendline, I banked what I had in shorts and I'm out.

There is no f'n way to trade this market.
  • #28,722
  • Sep 4, 2007 5:14am Sep 4, 2007 5:14am
Quoting cesarnc
Dow futures is recoverying to flat... As cable stays at the trendline, I banked what I had in shorts and I'm out.

There is no f'n way to trade this market.
patience.
.
  • #28,723
  • Sep 4, 2007 5:16am Sep 4, 2007 5:16am
Quoting Qu|cksilver
Short target 0085
Why 0085 Qs? No drift to the end today?!
Hello World
  • #28,724
  • Sep 4, 2007 5:23am Sep 4, 2007 5:23am
The target is where the market stops falling and starts to go up.. The target of that where the market is stop going and starts to fall back...
.
  • #28,725
  • Sep 4, 2007 5:23am Sep 4, 2007 5:23am
Watching charts can be tiring, I'll better take a nap now

BBL



zzzZZzzZzzzZZZZZZZZZZZ
Hello World!
  • #28,726
  • Sep 4, 2007 5:25am Sep 4, 2007 5:25am
I don't know what to do.. im just guessing maybe..
Silly market! All my long trade hit my stoploss.

Quoting waf_1988
Why 0085 Qs? No drift to the end today?!
"Invest With The Insiders, Not The Masses" George Muzea
  • #28,727
  • Sep 4, 2007 5:25am Sep 4, 2007 5:25am
Might target something might never get there for 2 reasons... One do not get there EVER or one get there and pass it with such a speed that one miss it. Or one do not get there because one will lift it and set a new target so one do not get there because it is a moving target...
.
  • #28,728
  • Sep 4, 2007 5:27am Sep 4, 2007 5:27am
My projected target for GBP/JPY today was 232.38, and it had a low of 232.34, which I guess the low was acheived today for GBP/JPY, I think it will go up again, I might be wrong
  • #28,729
  • Sep 4, 2007 5:29am Sep 4, 2007 5:29am
Quoting pino2
My projected target for GBP/JPY today was 232.38, and it had a low of 232.34, which I guess the low was acheived today for GBP/JPY, I think it will go up again, I might be wrong
Some people like me say it will go down (again). The pair is said to retrace up to certain level and resume the trend..
Hello World
  • #28,730
  • Sep 4, 2007 5:31am Sep 4, 2007 5:31am
The Frankfurters sold around the pivot and the Brits did the same. So far, S2 and the 4 hour Trend Line have held, but what will the US do?........
Attached Image (click to enlarge)
Click to Enlarge Name: sep 4 5m 0630.gif Size: 14 KB
Trading Levels with WRBs
  • #28,731
  • Sep 4, 2007 5:33am Sep 4, 2007 5:33am
Quoting waf_1988
Some people like me say it will go down (again). The pair is said to retrace up to certain level and resume the trend..
and you might be right
  • #28,732
  • Sep 4, 2007 5:34am Sep 4, 2007 5:34am
Quoting Islander
The Frankfurters sold around the pivot and the Brits did the same. So far, S2 and the 4 hour Trend Line have held, but what will the US do?........
I'll see the pair below 2.01 levels before the news, hope the news won't change the direction... The pair is @ 2.0137 now, and just about 50pips to my 1st TP (actually near Qs's)
Hello World
  • #28,733
  • Sep 4, 2007 5:36am Sep 4, 2007 5:36am
Quoting pino2
and you might be right
The pair is likely to play around to some fibo levels (as always), once it broken, the move will be strong...Otherwise, like GU, indecisive...
Hello World
  • #28,734
  • Sep 4, 2007 5:48am Sep 4, 2007 5:48am
Found chart somewhere in internet
Hope it have some meaning to cable trading
Attached Image
To be or not to be, that's the question
  • #28,735
  • Sep 4, 2007 5:51am Sep 4, 2007 5:51am
GU...Do your best...Move GU Move...
Hello World
  • #28,736
  • Sep 4, 2007 5:53am Sep 4, 2007 5:53am
Why i short? Draw parallel line or channel 4hr chart from 15/8/07 high to 27/8/07 High. Draw it properly you will get the answer.
"Invest With The Insiders, Not The Masses" George Muzea
  • #28,737
  • Sep 4, 2007 5:55am Sep 4, 2007 5:55am
i dont know about u,..but im long pound, long oil,...go go...
its just money
  • #28,738
  • Sep 4, 2007 5:56am Sep 4, 2007 5:56am
damn it's still hot out there, i think ima keep my shorts on and put away my long jons.
If I Go Broke Trying Then I Will die happy.
  • #28,739
  • Sep 4, 2007 6:03am Sep 4, 2007 6:03am
I'm kinduva changing my medium term bias here...

If this trendline goes, the breakout will be to the downside, big. Bush-Bernanke on Friday has done nothing for today's sentiment and dow futures is still down.

I'm starting to belive that this lack of enthusiasm with the upside in the stock market will translate into further correction.

I've already read a lot of articles and interviews pointing towards that bias, and I didn't give much credit. But the stock market negative right after Fed and the President of the USA said "we got it all figured out" is bad bad sign....

Of course we need confirmation here, but this is smelling shit all over the place. It's hard to believe that there are roses instead...
  • #28,740
  • Sep 4, 2007 6:09am Sep 4, 2007 6:09am
In my view Cable won't go up today

it will fell down below 2.01 barrier

This trend line will continue
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