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Cable Update (GBPUSD)

  • #42,961
  • Dec 4, 2007 5:45pm Dec 4, 2007 5:45pm
Quoting Qu|cksilver
I think cable will be ranging now..
that looks like a car lol
  • #42,962
  • Edited 6:09pm Dec 4, 2007 5:47pm | Edited 6:09pm
I guess cable going sideways now.. i see cable bounce between that support and resistance.

Or wait for breakout and down cable down...
Attached Image (click to enlarge)
Click to Enlarge Name: cable.gif Size: 14 KB
"Invest With The Insiders, Not The Masses" George Muzea
  • #42,963
  • Dec 4, 2007 6:47pm Dec 4, 2007 6:47pm
Quoting Qu|cksilver
I guess cable going sideways now.. i see cable bounce between that support and resistance.

Or wait for breakout and down cable down...
yea, im long on that bounce off super major mega support (S1 pivot, major trendline, major support that has been tested multiple times, too much fear in the market recently; we need some greed )

...but if it does break that support, then i see it heading toward the weekly S1 pivot at around 2.046...pretty quickly too

comments??
The odds are on my side; let's hope they stay that way!!!
  • #42,964
  • Dec 4, 2007 8:03pm Dec 4, 2007 8:03pm
where is everybody?....still short
  • #42,965
  • Dec 4, 2007 8:37pm Dec 4, 2007 8:37pm
I'm here.. yup still short
"Invest With The Insiders, Not The Masses" George Muzea
  • #42,966
  • Dec 4, 2007 8:59pm Dec 4, 2007 8:59pm
5ema just crossed 8ema on the 15min....could this be the start of the mega-bounce off mega-support!!???
The odds are on my side; let's hope they stay that way!!!
  • #42,967
  • Dec 4, 2007 9:05pm Dec 4, 2007 9:05pm
Quoting fxbroker
Oh what if? Maybe I will lose -20pips in trying to buy
back but I do not think so.

Why? because you will be asleep and tired of shouting down
I will buy back before you wake up and we will start
to shout sell and down cable again?


What could be more interesting than this?

On a more serious note my system don't just fail like
that, I will step aside if buy failed. and enter sell
QS remember our last discussion
I don't use any fibo or all that crap, I just flip coins
actually that is how forex work, flip over without warning
like the flapping wing of butterfly. But you must know
when this will happen and be prepared.

chat with you when Frankfurt open
  • #42,968
  • Dec 4, 2007 9:16pm Dec 4, 2007 9:16pm
Quoting fxbroker
QS remember our last discussion
I don't use any fibo or all that crap, I just flip coins
actually that is how forex work, flip over without warning
like the flapping wing of butterfly. But you must know
when this will happen and be prepared.

chat with you when Frankfurt open
yes i remember. so i guess you are long now...
"Invest With The Insiders, Not The Masses" George Muzea
  • #42,969
  • Dec 4, 2007 9:17pm Dec 4, 2007 9:17pm
morning y'all... sweet cable... love it.. (at least today i'm loving it)
down cable down... 1 short t/p at .0553.. holding on to another one for today. t/p below .0500 .... heheh
  • #42,970
  • Dec 4, 2007 9:20pm Dec 4, 2007 9:20pm
Quoting Qu|cksilver
yes i remember. so i guess you are long now...
yes but I have move stop loss to entry, I will not hesitate
to collect 10-20pips no chance play here, trying to target
612
  • #42,971
  • Dec 4, 2007 9:27pm Dec 4, 2007 9:27pm
Quoting fxbroker
yes but I have move stop loss to entry, I will not hesitate
to collect 10-20pips no chance play here, trying to target
612

GL.
"Invest With The Insiders, Not The Masses" George Muzea
  • #42,972
  • Dec 4, 2007 10:32pm Dec 4, 2007 10:32pm
my crystal ball told me that the cable is going up today!!!!!

should i return it for a refund?
  • #42,973
  • Dec 4, 2007 10:43pm Dec 4, 2007 10:43pm
Quoting AmeriTrini
my crystal ball told me that the cable is going up today!!!!!

should i return it for a refund?
no, buy more!!!....

i think its going to make a strong rally after hitting that major support (only because it is ranging right now)

but i still think that a break below that and we'll need a parachute
The odds are on my side; let's hope they stay that way!!!
  • #42,974
  • Dec 4, 2007 10:47pm Dec 4, 2007 10:47pm
Quoting bcorsaut24
no, buy more!!!....

i think its going to make a strong rally after hitting that major support (only because it is ranging right now)

but i still think that a break below that and we'll need a parachute
Time will tell!!!..........
  • #42,975
  • Dec 4, 2007 10:48pm Dec 4, 2007 10:48pm
hi...i hope cable will go down again....
Attached Image (click to enlarge)
Click to Enlarge Name: wave c.gif Size: 25 KB
be patient, self-belief and discipline... stay focus...
  • #42,976
  • Dec 4, 2007 10:57pm Dec 4, 2007 10:57pm
hmm... where is the major support...???
  • #42,977
  • Dec 4, 2007 11:08pm Dec 4, 2007 11:08pm
Quoting Qu|cksilver
I think cable will be ranging now..
good Day Qu|cksilver ... how are you ... do you mean with bargain area ... buying area ... or just close short there
  • #42,978
  • Edited 11:28pm Dec 4, 2007 11:08pm | Edited 11:28pm
Hello Guys big analises today

I have seen daily candle today its start from much below from last candle

thats mean it will go down today whole the day and down candle in the end
appear today - thats whay i am thinking its sure down candle should be

i have seen all graph and almost all candle will start from below from another that does mean its going down much and much with down candle appear!!!!!!!!

what u think QS???????????????
  • #42,979
  • Dec 4, 2007 11:35pm Dec 4, 2007 11:35pm
dont overexcite guys, is better to keep off the market while important news are near, we are basically in the 'middle' of a downtrend and anything could happen.

wait for the gbp news in a few hours, then react. or you can do something better. let the bulls or bears push the currency to an extreme side, when there is support or resistance you go with the new trend.
if the trade goes against you.
you are in a great position to get out unscatched.

also keep an eye, you could trade gbp with the news very well but if you keep your positions till 'ADP Nonfarm Employment Change', the panorama could be totally changed. be aware.

to your success, acid.
  • #42,980
  • Dec 4, 2007 11:54pm Dec 4, 2007 11:54pm
Hello friends
I hope today will be a nice day for all of you
because the news is near today i start with a long position 2.0560 target 2.0590 with same 30 pips stoploss.
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