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Cable Update (GBPUSD)

  • #1,421
  • Dec 12, 2006 12:22pm Dec 12, 2006 12:22pm
Quoting ikholod
Based on what are you predicting the time? I can see how you set your targets, but how do you know how quickly we will get there?
This is an easy answer, because no one else has the exact answer.

I only hope I could predict the time for the market, or predict the way it was going to go!

We are all the same, giving opinions.

Remember - nobody really knows.

Monarch
  • #1,422
  • Dec 12, 2006 12:29pm Dec 12, 2006 12:29pm
Quoting enzo2325
Hello all,


Good luck with where this pair is going to go. I have had no damn luck this morning and am down $100 im out!
Take a breather and watch the market for a while.

You will have more chances (This Week) with getting the pips back that you lost.

Take your time, be patient, learn and learn.

You can get it back!

Monarch
  • #1,423
  • Dec 12, 2006 12:31pm Dec 12, 2006 12:31pm
Quoting mrSmoothy
i went back long at 9655, can't buck my indicators, which in every time frame pointing up and elliotician software starting to lean toward this being wave 5.. can't ever tell till it happens.
Are you Long for Long distance, or do you plan on getting your quick pips and getting out?

Monarch
  • #1,424
  • Dec 12, 2006 12:38pm Dec 12, 2006 12:38pm
Quoting synopses
What type of strategy do you guys think should be followed during the upcoming US data? Do you think this will take the pair to 9800s?
Me thinks we still got one small leg down before the last bounce up.
But I prefer to play on the EUR side, last week was sweeeeet
  • #1,425
  • Dec 12, 2006 12:40pm Dec 12, 2006 12:40pm
Don't know if it makes sense but I imagine a Wave 5 too. Up to at least 1.9704. That would be around 130 pips from the low today. I trade only intraday.
  • #1,426
  • Edited Feb 2, 2007 5:50pm Dec 12, 2006 12:40pm | Edited Feb 2, 2007 5:50pm
You gotta love the Big Doji here.

Fixme1too, could it be the Doji of the Year?

This is a great sign if it remains for the month.

Fall baby Fall

Monarch
  • #1,427
  • Dec 12, 2006 12:43pm Dec 12, 2006 12:43pm
Quoting monarch
You gotta love the Big Doji here.

Fixme1too, could it be the Doji of the Year?

This is a great sign if it remains for the month.

Fall baby Fall

Monarch
Do you reckon it is going to go down then?
mama
  • #1,428
  • Dec 12, 2006 12:47pm Dec 12, 2006 12:47pm
Quoting monarch
You gotta love the Big Doji here.

Fixme1too, could it be the Doji of the Year?

This is a great sign if it remains for the month.

Fall baby Fall

Monarch
They're nice.

Cable's fighting old TL and 61 fibo. Let's see some action here....
Attached Image
  • #1,429
  • Edited Feb 2, 2007 5:50pm Dec 12, 2006 12:51pm | Edited Feb 2, 2007 5:50pm
Here we are right now with a Retracement towards 1.9705 and posssibly to 1.9743.

You decide.

Monarch
  • #1,430
  • Dec 12, 2006 1:05pm Dec 12, 2006 1:05pm
Here we go peeps,

GBP drops to 1.9540

Waiting.......
  • #1,431
  • Dec 12, 2006 1:06pm Dec 12, 2006 1:06pm
Still waiting for 15 min. candle close, expecting up again...


waiting........
  • #1,432
  • Dec 12, 2006 1:07pm Dec 12, 2006 1:07pm
Quoting monarch
Here we go peeps,

GBP drops to 1.9540

Waiting.......
1.9635 now... go in Long or Short ? before the news ?
  • #1,433
  • Dec 12, 2006 1:07pm Dec 12, 2006 1:07pm
Bumping the bottom of channel 1.9635......

5 minutes to determine next push or no......
  • #1,434
  • Dec 12, 2006 1:08pm Dec 12, 2006 1:08pm
Quoting c1ro
Why don't u go long for now if u think there is a STRONG POSSIBILITY to go up??
The answer to that is that we cannot be sure of a move upwards. If it does move up that would confirm our prediction. We could then be even more positive that we would get a retracement down and a good possibility of a continuation move down!
  • #1,435
  • Dec 12, 2006 1:08pm Dec 12, 2006 1:08pm
[quote=dswk]1.9635 now... go in Long or Short ? before the news ?
[/QUOTE

Any kind of speech or explanation after or just rate
Eish! If you don't fly with the eagles you'll scratch with the turkeys
  • #1,436
  • Dec 12, 2006 1:10pm Dec 12, 2006 1:10pm
4 minutes to news.

One minute tick Chart now set for direction.

waiting..... always jumbing before news here.....
  • #1,437
  • Dec 12, 2006 1:11pm Dec 12, 2006 1:11pm
Quoting monarch
Here we go peeps,

GBP drops to 1.9540

Waiting.......
9540???
  • #1,438
  • Dec 12, 2006 1:12pm Dec 12, 2006 1:12pm
Quoting monarch
Are you Long for Long distance, or do you plan on getting your quick pips and getting out?

Monarch
short term, i'm already short on the break below 9650 with 10pip trail.. left a stop loss buy at 9660 to catch it with the ride back up if it happens... will see if this is the bounce of if it keeps going for a while...
  • #1,439
  • Dec 12, 2006 1:14pm Dec 12, 2006 1:14pm
this is great stuff..... waiting.....
  • #1,440
  • Dec 12, 2006 1:18pm Dec 12, 2006 1:18pm
quite a punching match!
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