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Cable Update (GBPUSD)

  • #3,641
  • Dec 28, 2006 7:30am Dec 28, 2006 7:30am
got out at 53 for a 38 pip loss -that sucks
Man who scratches ass should not bite fingernails
  • #3,642
  • Dec 28, 2006 7:35am Dec 28, 2006 7:35am
You think we're seeing an uptrend here?

http://i143.photobucket.com/albums/r...y/5c57e4a6.gif
  • #3,643
  • Dec 28, 2006 7:35am Dec 28, 2006 7:35am
Might not get to 2.0000+ but atleast it's a up week.


Always expect the opposite of what you expect, which ofcourse means you'll expect it arggghhhhhhhhhhhhhhh.



325pips to go, come on
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #3,644
  • Dec 28, 2006 7:35am Dec 28, 2006 7:35am
all the majors have gone 100 pips now today
Ghost Swoopen in for my pips while no one is lookin !!
  • #3,645
  • Dec 28, 2006 7:36am Dec 28, 2006 7:36am
To put this in visuals what I posted 3 hours ago:

BUOB on 4h, then moved over the descending TL, then popped free + news boost now.
Attached Image
Trust price. Know yourself.
  • #3,646
  • Dec 28, 2006 7:38am Dec 28, 2006 7:38am
looking at my daily charts, it looks like we might have found some resistance around this level - also dynamic pivots are starting to bubble so i'll see what develops - another loss for today and I'll reach my limit.
Man who scratches ass should not bite fingernails
  • #3,647
  • Dec 28, 2006 7:38am Dec 28, 2006 7:38am
Quoting Leugimp
got out at 53 for a 38 pip loss -that sucks
If this is not a breakout.....

http://i2.photobucket.com/albums/y28/cesarnc/dec28.jpg
  • #3,648
  • Dec 28, 2006 7:46am Dec 28, 2006 7:46am
yeap,...nice short oportunity...
its just money
  • #3,649
  • Dec 28, 2006 7:46am Dec 28, 2006 7:46am
Some interim targets and s/r zone here I guess, plus we had a normal daily range. Considering it's a thin market and we still have news to come, there's no reason we can't jump around another 50-100.

I'd stay out unless you're long from 1.95xx and look to go long tomorrow near the breakout line or good s/r spots on a setup.
Attached Image
Trust price. Know yourself.
  • #3,650
  • Dec 28, 2006 7:46am Dec 28, 2006 7:46am
looks like its going near 1.9710/20 area... my 2 cents... he hehe
  • #3,651
  • Dec 28, 2006 7:47am Dec 28, 2006 7:47am
I am now short at 9670. with a stop at 9715. I see this coming down now. But the 400's are not going to be hit this year. But I could be wrong. Strong Res at 82 and 97
  • #3,652
  • Dec 28, 2006 7:50am Dec 28, 2006 7:50am
Just touched my over extended Line ( 95% accurate ).

(5min chart Envelope 144SMA 0.5% dev.)

Likely trend up, staying within my 12hour range.


Week off trading and it's all gone
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #3,653
  • Dec 28, 2006 7:51am Dec 28, 2006 7:51am
In a sense yes - In another not yet
Attached Image
Man who scratches ass should not bite fingernails
  • #3,654
  • Dec 28, 2006 7:53am Dec 28, 2006 7:53am
Quoting Leugimp
In a sense yes - In another not yet
NICE Leugimp! By the way, what price is this broader trendline/resistance at?

That would determine starting of the new channel down or a definitive breakout towards 2.000, don't you think?
  • #3,655
  • Dec 28, 2006 7:58am Dec 28, 2006 7:58am
My targets are TP1 - 630, TP2- 590 & TP3 - 560..... I do not see it going much lower. Just my imput. If the US news is bad I am up the creek without a paddle. But all the news is expected to be worst then last months and this is why I think the price has been driven up by the Big Boys now they will sell off. Anyone else see this happening.
  • #3,656
  • Dec 28, 2006 7:58am Dec 28, 2006 7:58am
30 min pin bar off daily r2 lets see if we break it
  • #3,657
  • Dec 28, 2006 8:02am Dec 28, 2006 8:02am
Got in short at 9666, 15 min chart CCI indicates short
Steve
  • #3,658
  • Dec 28, 2006 8:04am Dec 28, 2006 8:04am
And to think that I've mentioned it:

http://www.forexfactory.com/forexfor...postcount=3557

Good Lord, one day I'm gonna be a hell of a trader (when I start trading what I see efficiently )
  • #3,659
  • Dec 28, 2006 8:07am Dec 28, 2006 8:07am
Quoting cesarnc
NICE Leugimp! By the way, what price is this broader trendline/resistance at?

That would determine starting of the new channel down or a definitive breakout towards 2.000, don't you think?
Right now the trend resis for me is @ 9712 - don't know if we'll have the juice to get there today.

If breakout was confirmed by COT data I would trust a bit more. On thin trading who knows.

Also, who is there left to buy. I definitely see at least a move down to the 400's first where support should be found at the 200 MA and lower end of that channel.

Just an opinion
Man who scratches ass should not bite fingernails
  • #3,660
  • Dec 28, 2006 8:10am Dec 28, 2006 8:10am
Quoting cesarnc
And to think that I've mentioned it:

http://www.forexfactory.com/forexfor...postcount=3557

Good Lord, one day I'm gonna be a hell of a trader (when I start trading what I see efficiently )
You did call it - As for me I am stubborn, am short again at 57 looking for some quick pips. I dont see it going higher at least until news time.
Man who scratches ass should not bite fingernails
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