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Cable Update (GBPUSD)

  • #43,761
  • Dec 10, 2007 5:43am Dec 10, 2007 5:43am
Quoting JanPoko
for exit from overbought region, perhaps?
the movement of cable in one direction sometimes exits 250 pips.. what makes you think is overbought?
  • #43,762
  • Dec 10, 2007 5:46am Dec 10, 2007 5:46am
Quoting forexguru
the movement of cable in one direction sometimes exits 250 pips.. what makes you think is overbought?
unless you take signals from RSI!!

thats how traders blew up their account from overbought or oversold levels.
  • #43,763
  • Dec 10, 2007 5:46am Dec 10, 2007 5:46am
Quoting forexguru
the movement of cable in one direction sometimes exits 250 pips.. what makes you think is overbought?
my charts...
  • #43,764
  • Dec 10, 2007 5:48am Dec 10, 2007 5:48am
and it already made more than 100 today, so far.
I still think it will go up, later. And fast.
  • #43,765
  • Dec 10, 2007 5:52am Dec 10, 2007 5:52am
Quoting JanPoko
my charts...
do u know how many traders lose money every day trying to go against the trend and fundamentals?
  • #43,766
  • Dec 10, 2007 6:06am Dec 10, 2007 6:06am
Quoting forexguru
do u know how many traders lose money every day trying to go against the trend and fundamentals?
I am not going against those, I am just waiting for technical to confirm in every aspect (including that bloody RSI indicator ).

Not in trade so far.
  • #43,767
  • Dec 10, 2007 6:07am Dec 10, 2007 6:07am
seems that can not go up more...or it has difficulties need a break of 2.0400 for shorting though
  • #43,768
  • Dec 10, 2007 6:10am Dec 10, 2007 6:10am
Quoting forexguru
seems that can not go up more...or it has difficulties need a break of 2.0400 for shorting though
with this, I agree
  • #43,769
  • Dec 10, 2007 6:15am Dec 10, 2007 6:15am
Quoting JanPoko
with this, I agree
now things changed though I have entry buy orders at 2.0437
  • #43,770
  • Dec 10, 2007 6:18am Dec 10, 2007 6:18am
Quoting forexguru
now things changed though I have entry buy orders at 2.0437
Any rationale, behind that particular value?
  • #43,771
  • Dec 10, 2007 6:20am Dec 10, 2007 6:20am
Quoting forexguru
now things changed though I have entry buy orders at 2.0437
So we are there, Let us see...
  • #43,772
  • Dec 10, 2007 6:20am Dec 10, 2007 6:20am
Going up still.
  • #43,773
  • Dec 10, 2007 6:21am Dec 10, 2007 6:21am
Quoting JanPoko
Any rationale, behind that particular value?
i wanted a number less than 2.0440 and more than 2.0434 to confirm the long .. so this was the middle one

target 2.0500 hopefully will not change my mind
  • #43,774
  • Dec 10, 2007 6:21am Dec 10, 2007 6:21am
Quoting forexguru
now things changed though I have entry buy orders at 2.0437
Goood! Congratulations !
  • #43,775
  • Dec 10, 2007 6:23am Dec 10, 2007 6:23am
Quoting forexguru
i wanted a number less than 2.0440 and more than 2.0434 to confirm the long .. so this was the middle one

target 2.0500 hopefully will not change my mind
Nice. I had a ride along you from 421. Now I'll tightly trail at 450...
  • #43,776
  • Dec 10, 2007 6:26am Dec 10, 2007 6:26am
Out at 442. Fine 21 pips.
Let's wait a bit, before next decision.
  • #43,777
  • Dec 10, 2007 6:28am Dec 10, 2007 6:28am
Quoting JanPoko
Out at 442. Fine 21 pips.
Let's wait a bit, before next decision.
too early.. it took cable 3 hours to break the level 2.0432 which was very important fibo level, so now the down movement is very limited
  • #43,778
  • Dec 10, 2007 6:29am Dec 10, 2007 6:29am
Quoting forexguru
too early.. it took cable 3 hours to break the level 2.0432 which was very important fibo level, so now the down movement is very limited
very good observation!!!
  • #43,779
  • Dec 10, 2007 6:33am Dec 10, 2007 6:33am
Quoting AmeriTrini
very good observation!!!
thanks, are u long?
  • #43,780
  • Dec 10, 2007 6:33am Dec 10, 2007 6:33am
ofcourse!!!!
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