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Cable Update (GBPUSD)

  • #47,621
  • Jan 2, 2008 12:30am Jan 2, 2008 12:30am
Quoting Qu|cksilver
Price already hit the lowest.
So u long??
  • #47,622
  • Jan 2, 2008 12:31am Jan 2, 2008 12:31am
On the smaller timeframes it is clear that prices are being pushed up slowly. On the 15 minutes, a hammer has formed.

I would say for the next few hours it will be in a uptrend possibly up to one of the fib levels, followed by bearish candles again.
  • #47,623
  • Jan 2, 2008 12:33am Jan 2, 2008 12:33am
Quoting tkh33
So u long??
Yes i re-enter long at 1.9790
my stoploss at BE now.
"Invest With The Insiders, Not The Masses" George Muzea
  • #47,624
  • Jan 2, 2008 12:37am Jan 2, 2008 12:37am
Should I enter long now?...what should be my target?
  • #47,625
  • Jan 2, 2008 12:40am Jan 2, 2008 12:40am
What about the news in a hour?
  • #47,626
  • Jan 2, 2008 12:44am Jan 2, 2008 12:44am
Quoting mthomas
What about the news in a hour?
that should confirm the short term bullish tone.
  • #47,627
  • Jan 2, 2008 12:44am Jan 2, 2008 12:44am
i think the the news will decide the trend today... ism more than cips...
it's early times. still waiting.
  • #47,628
  • Jan 2, 2008 12:45am Jan 2, 2008 12:45am
Quoting nobleolagoke
Should I enter long now?...what should be my target?
You must think what is good for you. What happen if i say you can enter long now then 1hr later market go down? You will blame me? You must have your own method... or compare your method with us. Always accept people's idea and investigate it. Listen to the market. Don't be scared to make mistake. Doing mistake will make you a better trader. Learn from it.



Up cable up..
"Invest With The Insiders, Not The Masses" George Muzea
  • #47,629
  • Jan 2, 2008 12:46am Jan 2, 2008 12:46am
take profit from long and short, be smart trader
  • #47,630
  • Jan 2, 2008 12:47am Jan 2, 2008 12:47am
Quoting Qu|cksilver
You must think what is good for you. What happen if i say you can enter long now then 1hr later market go down? You will blame me? You must have your own method... or compare your method with us. Always accept people's idea and investigate it. Listen to the market. Don't be scared to make mistake. Doing mistake will make you a better trader. Learn from it.



Up cable up..
very well said, this way causes you to learn from your mistakes. which is the best way to learn something..........
  • #47,631
  • Jan 2, 2008 12:48am Jan 2, 2008 12:48am
Quoting Qu|cksilver
Yes i re-enter long at 1.9790
my stoploss at BE now.
dont know but looks like today middle of the day will start to downtrend on-- we will have good bottom price end of the day
  • #47,632
  • Jan 2, 2008 12:49am Jan 2, 2008 12:49am
Price has hit 161.8% extension on the 1 minute charts. Expect a reversal to 1.9828.

Just my 2 cents.
  • #47,633
  • Jan 2, 2008 12:53am Jan 2, 2008 12:53am
Quoting AmeriTrini
very well said, this way causes you to learn from your mistakes. which is the best way to learn something..........
Yup..
My first trade for this year, i learn another lesson with -10 pips
"Invest With The Insiders, Not The Masses" George Muzea
  • #47,634
  • Jan 2, 2008 12:54am Jan 2, 2008 12:54am
Quoting Designer1
dont know but looks like today middle of the day will start to downtrend on-- we will have good bottom price end of the day
Maybe... i already lock my profit incase market turn other way..
"Invest With The Insiders, Not The Masses" George Muzea
  • #47,635
  • Jan 2, 2008 12:57am Jan 2, 2008 12:57am
up cable up
  • #47,636
  • Jan 2, 2008 1:00am Jan 2, 2008 1:00am
Uptrend for the next few minutes (unlikely to break 1.9852) before another downtrend in the next 15-20 minutes bringing the whole wave cycle to completion.
  • #47,637
  • Jan 2, 2008 1:07am Jan 2, 2008 1:07am
Quoting Qu|cksilver
You must think what is good for you. What happen if i say you can enter long now then 1hr later market go down? You will blame me? You must have your own method... or compare your method with us. Always accept people's idea and investigate it. Listen to the market. Don't be scared to make mistake. Doing mistake will make you a better trader. Learn from it.



Up cable up..
I understand u...thanks i guess i was a bit scared....but now i'll yield to ur advice...once again thanks
  • #47,638
  • Jan 2, 2008 1:07am Jan 2, 2008 1:07am
Quoting LichTrader
up cable up
Attached Image
"Invest With The Insiders, Not The Masses" George Muzea
  • #47,639
  • Jan 2, 2008 1:08am Jan 2, 2008 1:08am
Quoting anyhowtrade
Uptrend for the next few minutes (unlikely to break 1.9852) before another downtrend in the next 15-20 minutes bringing the whole wave cycle to completion.
Uptrend completed, next wave would be a bearish one bringing it down to ~1.9820-1.9825 before resuming a major bullish trend for the next hour or so.
  • #47,640
  • Jan 2, 2008 1:12am Jan 2, 2008 1:12am
Quoting anyhowtrade
Uptrend completed, next wave would be a bearish one bringing it down to ~1.9820-1.9825 before resuming a major bullish trend for the next hour or so.
Haha my bad. Short term bearish movement wasnt as deep as I expected.

I went long @ 1.9847, up 5 pips. =)
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