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Cable Update (GBPUSD)

  • #52,401
  • Feb 6, 2008 8:57am Feb 6, 2008 8:57am
Quoting ratman
can someone please put here a picture with uptrend in 4H or 1D graph. Just cant find it
Neither can I. But a breakout and close above the upper TL would make the Monthly Pivot @ 1.9732 a realistic target.

Weekly close above the monthly pivot and we can "think" of 2.00 again. Currently price is well supported above the Weekly Pivot S1 @ 1.9524.

Here's a 4hr chart..
Attached Image (click to enlarge)
Click to Enlarge Name: 4hr gu.gif Size: 10 KB
  • #52,402
  • Feb 6, 2008 9:00am Feb 6, 2008 9:00am
Quoting forexnovice
Neither can I. But a breakout and close above the upper TL would make the Monthly Pivot @ 1.9732 a realistic target.

Weekly close above the monthly pivot and we can "think" of 2.00 again. Currently price is well supported above the Weekly Pivot S1 @ 1.9524.

Here's a 4hr chart..
Nice BULLISH falling wedge bro...
"IT'S GOING TO BE LIKE COMING INTO THE JUNGLE" - K G
  • #52,403
  • Feb 6, 2008 9:01am Feb 6, 2008 9:01am
Quoting jacobtrader
Then the simplicity is if you dont have patience, its better to be out from the trading...
And the module of defining the time extent.. is to just give an idea of what time range we could see the movement..
And if you are panicky, and you chicken out with those 30-40 pips against you, then i would say, use the money you have in your equity somewhere good.. best buy physical gold and sit..
I am not arguing.. just advicing you something best of yourself..
And foremost, i wish best for everyone to succeed in this profession...

There is one user who has a very nice signature..
Dont tell me how much profit you made.
Tell me for how long you have succeeded in this hazardous game..
unfortunately we are not in same direction...
yes of course if i'm afraid lossing 30-40 pips, then i won't be here...
in fact... i'm still holding my long since last friday...
thank's for your advice...
Never Give Up.....
  • #52,404
  • Feb 6, 2008 9:05am Feb 6, 2008 9:05am
Quoting YudhaGBP7
Nice BULLISH falling wedge bro...
Yep & price is still supported around the 61.8 fib. A daily close above that & I might add to my long. Unless my SL @ 1.95 gets hit first.
  • #52,405
  • Edited 9:27am Feb 6, 2008 9:11am | Edited 9:27am
Quoting YudhaGBP7
Then if Wave A 1.9959, so for now temporary today low 1.9556 will be wave B ??
n don't forget Novice, if not break low again today (daily candle closed), then Wave B completed at @1.9956 (EW Daily TF). IMO Wave C ---> 2.02xx.
"IT'S GOING TO BE LIKE COMING INTO THE JUNGLE" - K G
  • #52,406
  • Feb 6, 2008 9:16am Feb 6, 2008 9:16am
Quoting YudhaGBP7
n don't forget Novice, if not break low again today (daily candle closed), then Wave B completed at @1.9956 (Daily TF). IMO Wave C ---> 2.02xx.
GBP going down?
  • #52,407
  • Feb 6, 2008 9:17am Feb 6, 2008 9:17am
i am long on g/u and e/u withtarget 40 pips and stop 50 pips
  • #52,408
  • Feb 6, 2008 9:20am Feb 6, 2008 9:20am
Quoting Eklavya
GBP going down?
nope, UP!! Just wait Daily candle close tomorrow..
"IT'S GOING TO BE LIKE COMING INTO THE JUNGLE" - K G
  • #52,409
  • Feb 6, 2008 9:21am Feb 6, 2008 9:21am
Quoting jimo
i am long on g/u and e/u withtarget 40 pips and stop 50 pips

you can target more than that.
  • #52,410
  • Feb 6, 2008 9:27am Feb 6, 2008 9:27am
Quoting YudhaGBP7
n don't forget Novice, if not break low again today (daily candle closed), then Wave B completed at @1.9956 (Daily TF). IMO Wave C ---> 2.02xx.
No, it was A that was completed at 1.9956, B will be completed at 1.9550, C will then head for 2.0300~2.0450...............

sounds good?
  • #52,411
  • Feb 6, 2008 9:30am Feb 6, 2008 9:30am
the cable shou;d'nt go up anywhere soon on the 1H Tf atleast, so far a strong consolidation period is under way...lol! in 2 hours the cable does'nt seem to decide on which direction it should take, but i would still back my ealier view...it will go down atleast in the short term some 100 pips then perhaps look for that bullish trned you guys are talking abt....and those already getting long now, should be the long term traders...ryt?
I believe . . .
  • #52,412
  • Feb 6, 2008 9:30am Feb 6, 2008 9:30am
Quoting AmeriTrini
No, it was A that was completed at 1.9956, B will be completed at 1.9550, C will then head for 2.0300~2.0450...............

sounds good?
Just wait n see Ameritrini... Tomorrow UP!!!
"IT'S GOING TO BE LIKE COMING INTO THE JUNGLE" - K G
  • #52,413
  • Feb 6, 2008 9:32am Feb 6, 2008 9:32am
Quoting AmeriTrini
you can target more than that.
its enough for me i trade big lots with small pips
  • #52,414
  • Feb 6, 2008 9:32am Feb 6, 2008 9:32am
Quoting YudhaGBP7
n don't forget Novice, if not break low again today (daily candle closed), then Wave B completed at @1.9956 (EW Daily TF). IMO Wave C ---> 2.02xx.
Love the way you say that.

Correct me if wrong but you are referring to the waves in this particular order

Wave A-Completed @ 1.9956
Wave B-Completed @ 1.9553 if todays low is not breached
Wave C-around 2.02 in your opinion.

edit- Ameritrini got there b4 me
  • #52,415
  • Feb 6, 2008 9:33am Feb 6, 2008 9:33am
Quoting jimo
its enough for me i trade big lots with small pips
big lots with small pips?.......you should try it the other way around, it will be better that way.......
  • #52,416
  • Feb 6, 2008 9:35am Feb 6, 2008 9:35am
Quoting AmeriTrini
No, it was A that was completed at 1.9956, B will be completed at 1.9550, C will then head for 2.0300~2.0450...............

sounds good?

Can you post a picture of your wave count?
  • #52,417
  • Feb 6, 2008 9:35am Feb 6, 2008 9:35am
Quoting forexnovice
Love the way you say that.

Correct me if wrong but you are referring to the waves in this particular order

Wave A-Completed @ 1.9956
Wave B-Completed @ 1.9553 if todays low is not breached
Wave C-around 2.02 in your opinion.

edit- Ameritrini got there b4 me
YES BROTHER...
"IT'S GOING TO BE LIKE COMING INTO THE JUNGLE" - K G
  • #52,418
  • Feb 6, 2008 9:36am Feb 6, 2008 9:36am
yeah yeah

trading in 3 days only scalp and scalp

my profit todays only 3 pips

hope tomorow get 100 pips
  • #52,419
  • Feb 6, 2008 9:43am Feb 6, 2008 9:43am
Quoting YudhaGBP7
YES BROTHER...
Maintaining Clarity While Explaining Your Point Of View Is Always A Good Idea Brother.
  • #52,420
  • Feb 6, 2008 9:50am Feb 6, 2008 9:50am
Quoting forexnovice
Maintaining Clarity While Explaining Your Point Of View Is Always A Good Idea Brother.
U2 Buddy Out 4 now, almost 1 AM here.... (U shouldn't Novice but Outstanding or Exceptional... hehehe...) Thanks Buddy...
"IT'S GOING TO BE LIKE COMING INTO THE JUNGLE" - K G
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