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Cable Update (GBPUSD)

  • #36,181
  • Oct 18, 2007 9:50am Oct 18, 2007 9:50am
I'm starting to build middle term short positon with first target 1.39 guys.
I think we're at the end of 5th wave structure which will finish the 3rd wave from the 5th biggest wave.
The most important thing to remember by 5th and C ( from abc ) waves is that fundamental data and technical analysis are almost always in other directions - if u look back u'll see - strong news for the dollar => dollar falls,weak news for the dollar => dollar is rising and etc.
We're starting to build a new fractal on daily chart which will be about 1 month long.
I'll write again when my position is closed.
Good luck everyone !
  • #36,182
  • Oct 18, 2007 9:58am Oct 18, 2007 9:58am
Quoting BRForex
now i am waiting for BUY CABLE just in 2.0270... or BUY STOP if go above 2.0440.

I dont will short cable from now (2.038)

nice today $$$
  • #36,183
  • Oct 18, 2007 10:01am Oct 18, 2007 10:01am
Quoting TheCable
I'm starting to build middle term short positon with first target 1.39 guys.
I think we're at the end of 5th wave structure which will finish the 3rd wave from the 5th biggest wave.
The most important thing to remember by 5th and C ( from abc ) waves is that fundamental data and technical analysis are almost always in other directions - if u look back u'll see - strong news for the dollar => dollar falls,weak news for the dollar => dollar is rising and etc.
We're starting to build a new fractal on daily chart which will be about 1 month long.
I'll write again when my position is closed.
Good luck everyone !
1.39????
  • #36,184
  • Oct 18, 2007 10:07am Oct 18, 2007 10:07am
Quoting Malaysia
1.39????
I Think I am gonna leave you guys for a couple of weeks because it is damaging to my brain.... Have fun. See ya
.
  • #36,185
  • Oct 18, 2007 10:11am Oct 18, 2007 10:11am
Quoting bullrock
I Think I am gonna leave you guys for a couple of weeks because it is damaging to my brain.... Have fun. See ya
Damaging my brain too. Please verify that 1.39 thinggy. Any chart to show?
  • #36,186
  • Oct 18, 2007 10:13am Oct 18, 2007 10:13am
Quoting bullrock
I Think I am gonna leave you guys for a couple of weeks because it is damaging to my brain.... Have fun. See ya
LOL
man, you must get used to this
it's a public forum, everyone has a different view, everyone has a different TF

just do your job and take your risk

and remember

Attached Image
  • #36,187
  • Oct 18, 2007 10:14am Oct 18, 2007 10:14am
Cesar already posted my chart before 2 weeks.Scroll back and u'll find it.
Have to go now.
Good luck everyone
  • #36,188
  • Oct 18, 2007 10:14am Oct 18, 2007 10:14am
Quoting Malaysia
Damaging my brain too. Please verify that 1.39 thinggy. Any chart to show?
Nothing is impossible in FX and 1.3855 is the bottom of the channel and an important support. So it might happen. But today the EU broke out from some levels so I would go for 1.45 - 1.47 and not 1.39. Whatever.
.
  • #36,189
  • Oct 18, 2007 10:16am Oct 18, 2007 10:16am
I also say that if the GU "catches" up with EU it wont stop below 2.1... Thats what I say. But you know this is major BS and I am completely and utterly wrong...
.
  • #36,190
  • Oct 18, 2007 10:21am Oct 18, 2007 10:21am
Quoting bullrock
Nothing is impossible in FX and 1.3855 is the bottom of the channel and an important support. So it might happen. But today the EU broke out from some levels so I would go for 1.45 - 1.47 and not 1.39. Whatever.
Duhhh sorry guyz I thought The Cable was talking about Cable. That's why I was confused with the figure 1.39. Misunderstood ya

Laughing at myself. lol
  • #36,191
  • Oct 18, 2007 10:21am Oct 18, 2007 10:21am
Quoting TheCable
Cesar already posted my chart before 2 weeks.Scroll back and u'll find it.
Have to go now.
Good luck everyone
WHAT the F...
  • #36,192
  • Oct 18, 2007 10:26am Oct 18, 2007 10:26am
Hey DT,

here is another view from futures eod yesterday
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_30.gif Size: 39 KB
"Millionaires don't use astrology, billionaires do"
  • #36,193
  • Oct 18, 2007 10:30am Oct 18, 2007 10:30am
Quoting OrionsWay
Hey DT,

here is another view from futures eod yesterday
Oh gosh, my eyes, my eyes. I got hypnotised, Jesus..
.
  • #36,194
  • Oct 18, 2007 10:32am Oct 18, 2007 10:32am
Quoting OrionsWay
Hey DT,

here is another view from futures eod yesterday
:surprised

can you provide some explanation??

  • #36,195
  • Edited 10:46am Oct 18, 2007 10:32am | Edited 10:46am
Quoting OrionsWay
Hey DT,

here is another view from futures eod yesterday

Is that the twilight zone indicator? I think I am getting dizzy.
Just Trade It
  • #36,196
  • Oct 18, 2007 10:42am Oct 18, 2007 10:42am
Quoting OrionsWay
Hey DT,

here is another view from futures eod yesterday
Its Fibonacci Vortex rigth?
Logic will get you from A to B. Imagination will take you everywhere.
  • #36,197
  • Oct 18, 2007 10:46am Oct 18, 2007 10:46am
Bearish , sel sell selll
Risk Less in the next transaction after a Win.
  • #36,198
  • Oct 18, 2007 10:47am Oct 18, 2007 10:47am
Quoting Masmp_FX
Its Fibonacci Vortex rigth?
I just stick with the normal Fibbo Retracement. Juz looking at that vortex thinggy making my brain swirling. :
  • #36,199
  • Oct 18, 2007 10:47am Oct 18, 2007 10:47am
Quoting madalin
Bearish , sel sell selll
Thanks for that, now it is going up...
.
  • #36,200
  • Oct 18, 2007 10:49am Oct 18, 2007 10:49am
Banks seek to buy time with rescue fund

Wed, Oct 17 2007, 21:13 GMT

WASHINGTON (AP) - A lifeline banks are extending to owners of mortgage-backed securities that have plunged in value will avert a near-term crisis but not necessarily a painful reckoning long-term.

At some point, banks and others will have to update their balance sheets to reflect huge losses from the collapse in subprime mortgages extended to risky borrowers during the housing boom.

Yet Citigroup Inc., JPMorgan Chase & Co. and Bank of America Corp., with approval from the Treasury Department, have devised a scheme to spread out the balance sheet losses over time and prevent dramatic swings in asset valuations that could unbalance financial markets... see more...

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See more : Banks seek to buy time with rescue fund
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