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Cable Update (GBPUSD)

  • #2,821
  • Dec 21, 2006 2:02am Dec 21, 2006 2:02am
Keep hitting the daily pivot area of 9672 and turning up
  • #2,822
  • Dec 21, 2006 2:41am Dec 21, 2006 2:41am
There was the drop I was seeing. 1.9642 LOW so far.
Show me the PIPS!
  • #2,823
  • Dec 21, 2006 2:44am Dec 21, 2006 2:44am
Quoting tathlynq
There was the drop I was seeing. 1.9642 LOW so far.
Hopefully it will drop further - I am in on a short
mama
  • #2,824
  • Dec 21, 2006 2:45am Dec 21, 2006 2:45am
http://www.forexfactory.com/forexfor...postcount=2777
  • #2,825
  • Dec 21, 2006 2:47am Dec 21, 2006 2:47am
Quoting Mama007
Hopefully it will drop further - I am in on a short
Same here... And I was sooooo needing a winner...
  • #2,826
  • Dec 21, 2006 2:48am Dec 21, 2006 2:48am
Quoting cesarnc
Same here... And I was sooooo needing a winner...
Dont you it will drop further?
mama
  • #2,827
  • Dec 21, 2006 2:51am Dec 21, 2006 2:51am
Quoting Mama007
Dont you it will drop further?
If repeats privious down channels' pattern, may hit 9620, maybe 9600. That's what I'm looking for. If hit I'll jump off...

Again, not an advice...
  • #2,828
  • Dec 21, 2006 3:03am Dec 21, 2006 3:03am
Quoting cesarnc
If repeats privious down channels' pattern, may hit 9620, maybe 9600. That's what I'm looking for. If hit I'll jump off...

Again, not an advice...
Hi cesarnc,
I'm thinking pound will drop further to 1.9542.. What do you think?
"Invest With The Insiders, Not The Masses" George Muzea
  • #2,829
  • Dec 21, 2006 3:04am Dec 21, 2006 3:04am
Forget it Mama... It's just another crazy day.

Let's just run for our lives, now... I'm trading the freaking 5min chart only!
  • #2,830
  • Dec 21, 2006 3:06am Dec 21, 2006 3:06am
Quoting Qu|cksilver
Hi cesarnc,
I'm thinking pound will drop further to 1.9542.. What do you think?
That's what it looks like but the big spikes in the opposite direction make me clueless...

Look at your 5 min... Consecutives and opposite 20pip candles. Yes, in the 5 min! heheheh

I'm in a guerilla strategy here...

long, short, short, long, long, short,,,
  • #2,831
  • Dec 21, 2006 3:17am Dec 21, 2006 3:17am
Quoting cesarnc
That's what it looks like but the big spikes in the opposite direction make me clueless...

Look at your 5 min... Consecutives and opposite 20pip candles. Yes, in the 5 min! heheheh

I'm in a guerilla strategy here...

long, short, short, long, long, short,,,
I was stopped out - had an opportunity to get out break evene did not take it!!! scream!!! has to be another opportunity today
mama
  • #2,832
  • Dec 21, 2006 3:25am Dec 21, 2006 3:25am
probably going to be range bound for a couple of hours and then maybe Philly Fed will move it at 5.00 pm GMT
mama
  • #2,833
  • Dec 21, 2006 3:29am Dec 21, 2006 3:29am
Quoting Mama007
probably going to be range bound for a couple of hours and then maybe Philly Fed will move it at 5.00 pm GMT
Yeah that's what i think..

Good luck everyone..
"Invest With The Insiders, Not The Masses" George Muzea
  • #2,834
  • Dec 21, 2006 3:31am Dec 21, 2006 3:31am
Got stopped out on my long and went short now on recovery for lost pips. Its working. Any body have extra pips to spare
  • #2,835
  • Dec 21, 2006 3:34am Dec 21, 2006 3:34am
I should have went with the daily close below the trend line. Of course I say it now.
Attached Image
  • #2,836
  • Dec 21, 2006 3:38am Dec 21, 2006 3:38am
Quoting goodthings
I should have went with the daily close below the trend line. Of course I say it now.
ACCORDING TO YOUR CHART YOU ARE NOW EXPECTING IT TO GO DOWN FURTHER? IS THAT RIGHT?
mama
  • #2,837
  • Dec 21, 2006 3:48am Dec 21, 2006 3:48am
according to the chart and with an established high of 9699 and the average daily movement for the pound being 138 pips from the high to the low its reasonable to think 9561. Around 120 pip movement is common which 9679 a 100 pip move the pound has done 73% of the time and 90 pips or more 80%.
  • #2,838
  • Dec 21, 2006 3:54am Dec 21, 2006 3:54am
Quoting goodthings
according to the chart and with an established high of 9699 and the average daily movement for the pound being 138 pips from the high to the low its reasonable to think 9561. Around 120 pip movement is common which 9679 a 100 pip move the pound has done 73% of the time and 90 pips or more 80%.
Of course the news at 1.30pm GMT could mess things up
mama
  • #2,839
  • Dec 21, 2006 4:03am Dec 21, 2006 4:03am
we can see it's falling by steps...

fought 9680 and down...
fought 9670 and down...
fought 9640 and down...

now fighting 9620...

... but yet, 20pips long 5min candles...
  • #2,840
  • Dec 21, 2006 4:06am Dec 21, 2006 4:06am
9620 down so sad
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