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Cable Update (GBPUSD)

  • #39,321
  • Nov 9, 2007 10:33am Nov 9, 2007 10:33am
on the 1hr chart, I like to see it close the candle below 900 to consider it broken
"Lunch ? Lunch Is For Wimps !"
  • #39,322
  • Nov 9, 2007 10:33am Nov 9, 2007 10:33am
Quoting MrFuture
slowly testing the 900 wall....if it breaks it....BOOM !!!!!!!!
Another break the wall.......
  • #39,323
  • Nov 9, 2007 10:35am Nov 9, 2007 10:35am
Quoting MrFuture
on the 1hr chart, I like to see it close the candle below 900 to consider it broken
Don't worry the price will go down futher... according to my chart...must touch the suport at 2.0780
"Invest With The Insiders, Not The Masses" George Muzea
  • #39,324
  • Nov 9, 2007 10:37am Nov 9, 2007 10:37am
Quoting MrFuture
on the 1hr chart, I like to see it close the candle below 900 to consider it broken
I don't know what are you saying... 1hr chart already open below 900 and why are you waiting for close above 900?
"Invest With The Insiders, Not The Masses" George Muzea
  • #39,325
  • Nov 9, 2007 10:38am Nov 9, 2007 10:38am
wow, this is like black monday for the longs !
"Lunch ? Lunch Is For Wimps !"
  • #39,326
  • Nov 9, 2007 10:41am Nov 9, 2007 10:41am
Quoting Qu|cksilver
I don't know what are you saying... 1hr chart already open below 900 and why are you waiting for close above 900?
...ehm...it's Friday, leave me alone !

What I meant is that I want to see the hourly candle close below 900.

Why ? I don;t know...I guess I like confirmations in life
"Lunch ? Lunch Is For Wimps !"
  • #39,327
  • Nov 9, 2007 10:45am Nov 9, 2007 10:45am
If this turns out to be like end of july...nice !
"Lunch ? Lunch Is For Wimps !"
  • #39,328
  • Nov 9, 2007 10:45am Nov 9, 2007 10:45am
Still in DT....
  • #39,329
  • Nov 9, 2007 10:49am Nov 9, 2007 10:49am
guys, I just drew some fibonacci. do you guys get the 38% level right where the price it is right now ? 'cause that's what I get, and it could create a strong wall.....
"Lunch ? Lunch Is For Wimps !"
  • #39,330
  • Nov 9, 2007 10:51am Nov 9, 2007 10:51am
is there any chance of cable retracing back to .1021 level today...and if its going down then till what level.....
  • #39,331
  • Nov 9, 2007 10:53am Nov 9, 2007 10:53am
Quoting MrFuture
guys, I just drew some fibonacci. do you guys get the 38% level right where the price it is right now ? 'cause that's what I get, and it could create a strong wall.....
The price now between 61.8 %and 100%......
  • #39,332
  • Nov 9, 2007 11:05am Nov 9, 2007 11:05am
Quoting acahje
The price now between 61.8 %and 100%......
I am drawing mines looking at the daily chart, starting from the day the breakout started, OCT 24, until yesterday's high. Doing that, I get the 38% right where now we are stuck....
"Lunch ? Lunch Is For Wimps !"
  • #39,333
  • Nov 9, 2007 11:30am Nov 9, 2007 11:30am
can any one give me an idea of the cable direction or retracement levels...
  • #39,334
  • Nov 9, 2007 11:41am Nov 9, 2007 11:41am
Quoting iakq
can any one give me an idea of the cable direction or retracement levels...
If only it was that easy...
"Lunch ? Lunch Is For Wimps !"
  • #39,335
  • Nov 9, 2007 12:29pm Nov 9, 2007 12:29pm
sure. here's a very basic analysis, on h1/h4.
the chart is on h1; you see an h4 macd at the bottom that crossed downwards, which means that the long term trend on h4 has probably changed to down.
with this in mind, you go to h1 and wait for a retracement up, then you load some short orders in the direction of the upper tf trend (h4); when to enter a short? well, when you see price at a fibo retracement AND an oscillator overbought on h1.
i put a fibo on the chart; you need to watch what's going on at 0.5, 0.618, 0.786, 0.886 - meaning that, IF you see overbought levels on oscillators and a reversal pattern, go short with a SL above last high. your TP should be at the level of an h4 fibo retracement... probably 2.0605 (which is 0.618 retracement on h4).
is this what you were looking for?

Quoting iakq
can any one give me an idea of the cable direction or retracement levels...
Attached Image (click to enlarge)
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Nihil Sine Deo.
  • #39,336
  • Nov 9, 2007 12:51pm Nov 9, 2007 12:51pm
hehehehheheh...bull trap on the Dow
For he that would be deceived, let him.
  • #39,337
  • Nov 9, 2007 1:11pm Nov 9, 2007 1:11pm
I'm looking for a small retrace on cable back to 2.0970/80 and then a continuation down to target around 2.0665.
  • #39,338
  • Nov 9, 2007 1:29pm Nov 9, 2007 1:29pm
it might go higher than that.

Quoting Zoran
I'm looking for a small retrace on cable back to 2.0970/80 and then a continuation down to target around 2.0665.
Nihil Sine Deo.
  • #39,339
  • Nov 10, 2007 11:58pm Nov 10, 2007 11:58pm
watch for the 100+ pips uptrend, up and down week ahead.
If I Go Broke Trying Then I Will die happy.
  • #39,340
  • Nov 11, 2007 12:08am Nov 11, 2007 12:08am
Quoting Moe
watch for the 100+ pips uptrend, up and down week ahead.
I would say watch the 400 pips up next week.

"Invest With The Insiders, Not The Masses" George Muzea
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