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Cable Update (GBPUSD)

  • #40,581
  • Nov 22, 2007 4:17pm Nov 22, 2007 4:17pm
Quoting mike w
The only way to gain knowldege of the market is to create your own analysis and learn from it. Trust me, when I started posting, I sounded like a complete ass and still do at times. lol Anyways, I've learned from it and so it was worth it to me. Without going through that and learning from my pros and cons, I wouldn't be posting this now. If you have any questions about anything, ask! Everyone is helpful.
I really appreciate your atitude. Thanks in advance.
And a happy thanksgiving, I have to leave now, its midnight here.
  • #40,582
  • Nov 22, 2007 4:22pm Nov 22, 2007 4:22pm
we could be looking at 2.0700+ tonight early mouring, so i close my short trade.
If I Go Broke Trying Then I Will die happy.
  • #40,583
  • Nov 22, 2007 4:26pm Nov 22, 2007 4:26pm
Quoting cesarnc
My thought is Euro 1.50. Period. When? I don't know. Question, how cable will behave? Last time euro was soaring from mid 1.3s, cable stalled and out of the blue soared to 2.1.

I'm out of dollar pairs for quite some time. I sure want to grab a piece of what is to come. I just can't see what is to come lol...
i agree, this is why i hate holiday's when the market don't move, my system can't get a clear signal.
If I Go Broke Trying Then I Will die happy.
  • #40,584
  • Nov 22, 2007 4:30pm Nov 22, 2007 4:30pm
Now you see, I am not so sure about that corrections stuff... of coarse you may be right... but look how it just blew right through 1.4000 there was no correction until like about 300 pips higher up.. and even then, there has been almost no real corrcetions. A couple of little pull backs maybe..

You look for a pull back to get in LONG to 1.5000, but nary a place to get in...

OH OH... gbp thread.... well,,, sorry !!!

Quoting mike w
I agree with you on that for the longer term. I've thought the Euro would do this for some time and now that everyone is bandwagoning the idea, it's just going to add more power to the movement. It's only 150 pips away now so I could see it happening sooner than later. Once that 1.5000 is hit though, watch out. That's where a lot of take profits are at (bandwagon effect along with double 00s). I would look to see quite a bit of retracement after that for the price to reach a reasonable level to buy again. If I see anything in terms of tradability short at that area, I might take the trade even though it is countertrend (which I don't normally do very often). This is because of the fact that the power of the move will be hindered fairly badly once everyone takes their profits; allowing the bears to come into play again.
  • #40,585
  • Nov 22, 2007 4:34pm Nov 22, 2007 4:34pm
oh but it does move during holidays. speculators move it. that's why i'll sit back and relax, i wanna keep my profits.

Quoting Moe
i agree, this is why i hate holiday's when the market don't move, my system can't get a clear signal.
Nihil Sine Deo.
  • #40,586
  • Nov 22, 2007 4:35pm Nov 22, 2007 4:35pm
Well, it is following a trend line here... but to 2.0700.... ok maybe... but ulimately...??? I don't know... looking hard, I see a Head and shoulders here... not such a perfect one... but to me, makes me think we will get to the bottom of the channel soon enough... especially if EUR hit 1.50 and there is a correction bringin GBP down with it...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 12 KB
  • #40,587
  • Nov 22, 2007 4:36pm Nov 22, 2007 4:36pm
Is there anyone who has book Technical Analysis of Stock Trends 8th edition in pdf format. If someone has, than please send me on my email : [email protected] THX
  • #40,588
  • Nov 22, 2007 4:38pm Nov 22, 2007 4:38pm
Looks like a long, especially if we break 2.0670.
  • #40,589
  • Nov 22, 2007 4:51pm Nov 22, 2007 4:51pm
hey guys is trading closed?
BK
  • #40,590
  • Nov 22, 2007 6:43pm Nov 22, 2007 6:43pm
up..down...up...down....sideways!
"Invest With The Insiders, Not The Masses" George Muzea
  • #40,591
  • Nov 22, 2007 7:06pm Nov 22, 2007 7:06pm
Looooooooooong...
  • #40,592
  • Nov 22, 2007 7:12pm Nov 22, 2007 7:12pm
i close all my longs from yesterday

2 lot 2.0590 closed @ 2.0675 = + 170 Pips
1 lot 2.0648 closed @ 2.0675 = + 27 pips

nice + 197 pips .... i'm out the market .... i need some rest
  • #40,593
  • Nov 22, 2007 7:15pm Nov 22, 2007 7:15pm
Quoting dodge
Looooooooooong...
I think you could be right on this one, we are at the top of the range now. Let's see if it breaks out or stays within.
I dream, therefore I become.
  • #40,594
  • Nov 22, 2007 7:16pm Nov 22, 2007 7:16pm
Quoting deboooo2005
i close all my longs from yesterday

2 lot 2.0590 closed @ 2.0675 = + 170 Pips
1 lot 2.0648 closed @ 2.0675 = + 27 pips

nice + 197 pips .... i'm out the market

"Invest With The Insiders, Not The Masses" George Muzea
  • #40,595
  • Nov 22, 2007 7:18pm Nov 22, 2007 7:18pm
We might see price ranging again today..
"Invest With The Insiders, Not The Masses" George Muzea
  • #40,596
  • Nov 22, 2007 7:23pm Nov 22, 2007 7:23pm
short 2.0711
  • #40,597
  • Nov 22, 2007 7:25pm Nov 22, 2007 7:25pm
Quoting Qu|cksilver
We might see price ranging again today..
or another crazy friday...
"Invest With The Insiders, Not The Masses" George Muzea
  • #40,598
  • Nov 22, 2007 7:28pm Nov 22, 2007 7:28pm
Cable is on a mission...........
  • #40,599
  • Nov 22, 2007 7:29pm Nov 22, 2007 7:29pm
2.0843 next resistance?
  • #40,600
  • Nov 22, 2007 7:30pm Nov 22, 2007 7:30pm
...whats happening?
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