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Cable Update (GBPUSD)

  • #36,561
  • Oct 21, 2007 11:37pm Oct 21, 2007 11:37pm
Quoting SunTrader
Print in the red is really hard to read. And earlier chart 2B ? usually means double bottom. What does your 2b refer to?
No...2b is trader vic's price setup. you can check it out at trading-naked.com/2b-reversal.htm

Umm is it hard to read? did you click the image?

anyway, im just indicating that price might retest recent high (or rally lower) before moving down again...its already trading in the lower borders of the channel, indicating weakening momentum...

on the other hand, its proly just consolidating for a breakout when london opens.
  • #36,562
  • Oct 22, 2007 12:02am Oct 22, 2007 12:02am
It will reach 2.105 area before going significantly down IMHO
.
  • #36,563
  • Oct 22, 2007 12:44am Oct 22, 2007 12:44am
I personally think it will go to 2.0something before it heads to 2.0somethingelse.
Good morning
Just Trade It
  • #36,564
  • Oct 22, 2007 12:46am Oct 22, 2007 12:46am
Quoting Big Wave Rider
I personally think it will go to 2.0something before it heads to 2.0somethingelse.
Good morning
  • #36,565
  • Oct 22, 2007 12:47am Oct 22, 2007 12:47am
btw BWR, where is your other avatar? why did you changed it?
  • #36,566
  • Oct 22, 2007 12:49am Oct 22, 2007 12:49am
Quoting buangcla
btw BWR, where is your other avatar? why did you changed it?
Thats my friday and weekend party avatar, now its back to buisness.
Just Trade It
  • #36,567
  • Oct 22, 2007 12:54am Oct 22, 2007 12:54am
Quoting Big Wave Rider
Thats my friday and weekend party avatar, now its back to buisness.
lol
  • #36,568
  • Oct 22, 2007 1:08am Oct 22, 2007 1:08am
Morning everyone,

It's been a while since I've been to this site. I learned a lot from many of you.

I was wondering if anyone is watching the U/J & E/J? They took big drops earlier and have retraced into the Fibo zones. Any thoughts on when/if they will turn back down?
  • #36,569
  • Oct 22, 2007 1:11am Oct 22, 2007 1:11am
Quoting Pipspur
Morning everyone,

It's been a while since I've been to this site. I learned a lot from many of you.

I was wondering if anyone is watching the U/J & E/J? They took big drops earlier and have retraced into the Fibo zones. Any thoughts on when/if they will turn back down?
Possibly when London opens in 50 minutes, watch your charts
Trade what you see, not what you think.
  • #36,570
  • Oct 22, 2007 1:13am Oct 22, 2007 1:13am
Got to go, have an important meeting good luck guys
Just Trade It
  • #36,571
  • Oct 22, 2007 1:14am Oct 22, 2007 1:14am
that's what i'm afraid of. I'm currently short on both. i was rockin earlier on, but have lost my gains. i dont want the opening moves to kill me.
  • #36,572
  • Oct 22, 2007 1:45am Oct 22, 2007 1:45am
OMFG what a weeks start i have, i lost 800$ because i pressed close on the wrong tranzaction what a moron i'm, and then i recovered 800$ + another 50 pips, my harts has fainted...i cant take this shit anymore, changing to steroids.
Risk Less in the next transaction after a Win.
  • #36,573
  • Oct 22, 2007 2:24am Oct 22, 2007 2:24am
Don't know if anyone's mentioned this yet, but it looks like the 1hr chart has hit all the right numbers for a bearish butterfly.

http://img136.imageshack.us/img136/9...lycableix0.gif
By [URL=http://profile
  • #36,574
  • Oct 22, 2007 2:31am Oct 22, 2007 2:31am
wow cable just dropped!!!
  • #36,575
  • Oct 22, 2007 2:35am Oct 22, 2007 2:35am
Morning all...

European stocks whacked at open, dow futures negative.

9 days to the statement. I say we're having one hell of a hard week lol
  • #36,576
  • Oct 22, 2007 2:39am Oct 22, 2007 2:39am
Quoting cesarnc
Morning all...

European stocks whacked at open, dow futures negative.

9 days to the statement. I say we're having one hell of a hard week lol
colorful Asian markets today
  • #36,577
  • Oct 22, 2007 2:59am Oct 22, 2007 2:59am
Quoting benssol
colorful Asian markets today
Yeah....

Again, carry trades are acting wierd, with the slumps in European and Asian stocks.

Cable is inside of a sharp channel in the 4h. Inside of this channel, buying dips are best play, imo
  • #36,578
  • Oct 22, 2007 3:02am Oct 22, 2007 3:02am
yes very strange market today...
even for someone like me.

aiming 0464 and 0434 though.
  • #36,579
  • Oct 22, 2007 3:08am Oct 22, 2007 3:08am
Will Sell 2 pips below 2.0468
Target: 2.0400 + spread
S/l: As well as h4 candle closed above 2.0533
Positive Thinking
  • #36,580
  • Oct 22, 2007 3:08am Oct 22, 2007 3:08am
Quoting Bernanke_Sr
yes very strange market today...
even for someone like me.

aiming 0464 and 0434 though.

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