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Cable Update (GBPUSD)

  • #51,841
  • Feb 4, 2008 2:23am Feb 4, 2008 2:23am
Quoting AmeriTrini
Ben, you should know better!!! cable is going over 2.0000, come on now, tell the truth!!

hahahaha... if i tell all my secrets.. than the market would never crash and i would not earn millions my man
but for me honestly uptrend is intact.
  • #51,842
  • Feb 4, 2008 2:24am Feb 4, 2008 2:24am
Quoting Runway Trade
Bailed out at 1.9764. too chicken to hold on!!
Good, i also closed some and buying few in dip.. i have a confirmation it is going up today at 1.9800.. and then from there it will decide, where to fall back down heavily or what to do.. if it crosses 1.9840 it is heading all the way towards 1.9950.. we will need to give it time..

But i see bearish tone from 1.9820 levels.. But it should go there.. We will just have to wait and see.. right now its moving how the way i analyzed.
  • #51,843
  • Feb 4, 2008 2:29am Feb 4, 2008 2:29am
Quoting jacobtrader
Good, i also closed some and buying few in dip.. i have a confirmation it is going up today at 1.9800.. and then from there it will decide, where to fall back down heavily or what to do.. if it crosses 1.9840 it is heading all the way towards 1.9950.. we will need to give it time..

But i see bearish tone from 1.9820 levels.. But it should go there.. We will just have to wait and see.. right now its moving how the way i analyzed.
jacob.. is it your special technique or a public strategy u are using.. If its ur own special technique i would not ask to share but if it is some technique you are using that is out there such as combinations of moving averages or else. would u share it? I wonder how exactly u got 1.9820

Again if it is a technique u developed and dont want to share i understand.. because i dont share mine too unless it is obviously known by other traders.
  • #51,844
  • Feb 4, 2008 2:37am Feb 4, 2008 2:37am
Its my own strategy which i have developed.. to confirm me when to Buy and when to sell.. Using various indicators and other concepts to clarify a signal..
  • #51,845
  • Feb 4, 2008 2:38am Feb 4, 2008 2:38am
See the pressure of buying for GBP/USD..

I am waiting for 1.98 like you and will close my positions, and find another entry..
  • #51,846
  • Feb 4, 2008 2:44am Feb 4, 2008 2:44am
Quoting jacobtrader
Its my own strategy which i have developed.. to confirm me when to Buy and when to sell.. Using various indicators and other concepts to clarify a signal..

well i really hope to see 1.9800... if we get below the daily pivot i am chickening out and closing with a loss...

my Sl is at 1.9730... I am feeling the tension now at 1.9735...

wuuuuuu....
  • #51,847
  • Feb 4, 2008 2:47am Feb 4, 2008 2:47am
Quoting Bernanke_Sr
well i really hope to see 1.9800... if we get below the daily pivot i am chickening out and closing with a loss...
This is a game of patience.. It has broked the resistance at 1.9748 level.. it is just retracing after showing a way long 1 Hour Bar.. there is pressurised demand from the market for a correcting till 1.9800 levels..

We just need to give some time.. Though rest depends on how you analyze and money management.

I have an open positions, but if i see going down, i will apply money management technique and will jst close whatever happens.
  • #51,848
  • Feb 4, 2008 2:50am Feb 4, 2008 2:50am
Quoting Bernanke_Sr
well i really hope to see 1.9800... if we get below the daily pivot i am chickening out and closing with a loss...

my Sl is at 1.9730... I am feeling the tension now at 1.9735...

wuuuuuu....
I understand buddy, how it feels, i have gone through this once.. and now i just apply very strict money management rules..
  • #51,849
  • Feb 4, 2008 3:13am Feb 4, 2008 3:13am
Quoting Bernanke_Sr
well i really hope to see 1.9800... if we get below the daily pivot i am chickening out and closing with a loss...

my Sl is at 1.9730... I am feeling the tension now at 1.9735...

wuuuuuu....
R u in or out?
  • #51,850
  • Feb 4, 2008 3:13am Feb 4, 2008 3:13am
Quoting jacobtrader
R u in or out?
went with the devil and instincts... final sl at 1.9715.. FINAL

i still believe in uptrend.
  • #51,851
  • Feb 4, 2008 3:17am Feb 4, 2008 3:17am
Quoting Bernanke_Sr
went with the devil and instincts... final sl at 1.9715.. FINAL

i still believe in uptrend.
Morning guys,

sorry, but i dont see any uptrend here, now cable retraces from Friday falling, and then he still go south
  • #51,852
  • Feb 4, 2008 3:20am Feb 4, 2008 3:20am
Quoting Bernanke_Sr
went with the devil and instincts... final sl at 1.9715.. FINAL

i still believe in uptrend.
Its just retracing.. dont worry.. Open your 1 Hour Chart, there is a Big Huge Candle Stick.. If it was Say Short Postions being closed.. We wouldnt be seeing a pressure of pushing upwards..
Another things, Since a huge bar is seen, a slight 40 pips retracement is important for it to push upside..
I see 1.9712 levels a nice buying opportunity.. if it falls there.. but dont think so as 1.9725-20 is a good support.
  • #51,853
  • Feb 4, 2008 3:25am Feb 4, 2008 3:25am
Quoting sDRs
Morning guys,

sorry, but i dont see any uptrend here, now cable retraces from Friday falling, and then he still go south
Good Morning.. Explain your views.. what makes you say it not going up.. If you are saying around $0.03 downfall in the pair and there is 0.01 rise you see it the retracement is done.. it should go atleast 50-60% retracement of a huge downfall and then continue its bearish tone, If such presists..

Remember the BOE Cut is already priced in the market, so dont expect huge movement on thursday.. Talks for ECB not to cut rate, but ECB might change the tone a little.. But it doesnt favor much for people to buy USD in strength.. there is correction true..

But at the moment i see GBP/USD to retrace at 1.98 level, and then scratch its head and tells the market where it wants to go
  • #51,854
  • Feb 4, 2008 3:38am Feb 4, 2008 3:38am
Quoting Bernanke_Sr
went with the devil and instincts... final sl at 1.9715.. FINAL

i still believe in uptrend.
How you feeling buddy.. ..
Just be patient.. i know its hard to be patient.. but if you are confirmed that it is going up.. then stick to your plans.. i sometimes chicken out too, but after 2-3 hours i see damn my plan was right hehe..
But at the same time follow money management rules.

Hope it helps to you and others
  • #51,855
  • Feb 4, 2008 3:54am Feb 4, 2008 3:54am
Quoting jacobtrader
How you feeling buddy.. ..
Just be patient.. i know its hard to be patient.. but if you are confirmed that it is going up.. then stick to your plans.. i sometimes chicken out too, but after 2-3 hours i see damn my plan was right hehe..
But at the same time follow money management rules.

Hope it helps to you and others
well i let my money management rules to be streched this time since this is juat a 1 lot order... But yet again somehow i am still confident of the uptrend. I dont see any downtrend at this moment except the pair being below the london pivot.. However we breached the daily weekly and monthly pivots... So far confident of bulls. but we have some strogn resistance levels.. 1.9774 will again be tough to be broken and if we are above it i can light a cigar...

well actually i had lighted one last nite but did not finish it.. will finish it now

at the moment i am just checking out my price movement but not entring any other positions. Also watching Stargate the movie.. Did not watch it for ages. luv it.

however i have been wrong before.. we shall see..
  • #51,856
  • Feb 4, 2008 4:02am Feb 4, 2008 4:02am
The major trend is down, but, we are in a A-B-C wave correction, A and B has finished, and C is in progress. Expect C to go somewhere in the range north of 2.0350~. Then, down we go, way down!.

  • #51,857
  • Feb 4, 2008 4:08am Feb 4, 2008 4:08am
Quoting AmeriTrini
The major trend is down, but, we are in a A-B-C wave correction, A and B has finished, and C is in progress. Expect C to go somewhere in the range north of 2.0350~. Then, down we go, way down!.

ohhh 2.0350

i would not mind holding my longs till there

the trend i was referring to was my 4h graph trend by the way... in my 4h studies.. on my studies jan 25th we entered an uptrend... kinda mid term uptrend.
  • #51,858
  • Feb 4, 2008 4:14am Feb 4, 2008 4:14am
Quoting Bernanke_Sr
ohhh 2.0350

i would not mind holding my longs till there

the trend i was referring to was my 4h graph trend by the way... in my 4h studies.. on my studies jan 25th we entered an uptrend... kinda mid term uptrend.
Ben, I should not be telling you these things, YOU SHOULD BE TELLING ME!

  • #51,859
  • Feb 4, 2008 4:16am Feb 4, 2008 4:16am
do u see resistance at 1.9788
  • #51,860
  • Feb 4, 2008 4:17am Feb 4, 2008 4:17am
Quoting AmeriTrini
Ben, I should not be telling you these things, YOU SHOULD BE TELLING ME!

well i am trying to see the pulse of the market... if u all say UP.. than i will raise rates this time and see cable get hammered...

after all i am a nasty bad man with beard...
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