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Cable Update (GBPUSD)

  • #52,981
  • Feb 11, 2008 6:38am Feb 11, 2008 6:38am
Quoting Pak Yop
Only God could affort it.
I just like a baby in trading.


Now lets see 1.9445 what will do
  • #52,982
  • Feb 11, 2008 6:39am Feb 11, 2008 6:39am
Quoting Pak Yop
My short opened since Friday. Was panic just know... about 80pips to margin call.
I was lucky as AbuAwad replied me quiet fast before I made a stupid close, so I did not have negative close.

Now I can smile a bit.
Wow ,Congratulation...but my order mistake last week..and now pray and pray
  • #52,983
  • Feb 11, 2008 6:41am Feb 11, 2008 6:41am
hey guys do you agree that 1.9400 support level is as strong as the resisatnce level 1.9530?? i see huge candles being said a "no" when they wanted to trespass it? hmmmm don't think i will need all the water in my bottle, guess i can empty some to relive me of my heavy backpack then...
I believe . . .
  • #52,984
  • Feb 11, 2008 6:50am Feb 11, 2008 6:50am
Quoting ghous
hey guys do you agree that 1.9400 support level is as strong as the resisatnce level 1.9530?? i see huge candles being said a "no" when they wanted to trespass it? hmmmm don't think i will need all the water in my bottle, guess i can empty some to relive me of my heavy backpack then...
I told you .as strong as resistance is 1.9600
  • #52,985
  • Feb 11, 2008 6:54am Feb 11, 2008 6:54am
Quoting ghous
hey guys do you agree that 1.9400 support level is as strong as the resisatnce level 1.9530?? i see huge candles being said a "no" when they wanted to trespass it? hmmmm don't think i will need all the water in my bottle, guess i can empty some to relive me of my heavy backpack then...
I have open sell at 1.9432. Should I set TP at 1.9400?
Please advice.
  • #52,986
  • Feb 11, 2008 6:55am Feb 11, 2008 6:55am
Im short @ 19474. Cable on daily chart came back to downtrend channel
  • #52,987
  • Feb 11, 2008 6:57am Feb 11, 2008 6:57am
everybody is short here, but I'm long
Trade what you see, not what you think.
  • #52,988
  • Feb 11, 2008 7:00am Feb 11, 2008 7:00am
Quoting Pak Yop
I have open sell at 1.9432. Should I set TP at 1.9400?
Please advice.
i am no expert at this, but right now i have my TP at my 23.6 fib level which is at abt 9452, but i am around my pc and am looking forward to the price action if i see significant downtrend movment i'll go all the way down to 1.9415...in my opinion 9400 might be just a little too much, cuz the 1.9400 resiatnce level is just very very strong, the price might never even reach it...morever the CPi news tomorow might mean we end up ina long term uptrend for the rest of the week....you need to forego some part of your wonderful dream...
I believe . . .
  • #52,989
  • Feb 11, 2008 7:02am Feb 11, 2008 7:02am
Quoting karmostaji
everybody is short here, but I'm long
I agree that we need to see retracement for cable, but look at this chart, small retracement is already done, next one should be at bottom, so more 100 pips down. This is 30min chart. Dont you agree?
Attached Image (click to enlarge)
Click to Enlarge Name: cable_retrace.gif Size: 10 KB
  • #52,990
  • Feb 11, 2008 7:04am Feb 11, 2008 7:04am
Quoting karmostaji
everybody is short here, but I'm long
I'm long too
  • #52,991
  • Feb 11, 2008 7:06am Feb 11, 2008 7:06am
Quoting Pak Yop
I have open sell at 1.9432. Should I set TP at 1.9400?
Please advice.
Better to close it at break even only a breach below 1.9390 will change my view M long at 1.9478 targeting 1.9620 hi feb 07 stop loss at 1.9390 lo feb 07 fyi tnx!
  • #52,992
  • Feb 11, 2008 7:09am Feb 11, 2008 7:09am
hey long ppl! you need to have strong equities to cater to thid downtrend, but i agree if you have such an euity you can even go long because right after this downtrend we sure are heading up, and that maybe as soon as tomorow, but for now we're going down...maybe for the rest of the day...so the day traders, stick with your shorts!
I believe . . .
  • #52,993
  • Feb 11, 2008 7:15am Feb 11, 2008 7:15am
Who will horse entry...Long or short Maketmaker only know.
  • #52,994
  • Feb 11, 2008 7:17am Feb 11, 2008 7:17am
Quoting samclider
Who will horse entry...Long or short Maketmaker only know.
  • #52,995
  • Feb 11, 2008 7:29am Feb 11, 2008 7:29am
already 20 pips profit and counting...
I believe . . .
  • #52,996
  • Feb 11, 2008 7:36am Feb 11, 2008 7:36am
See you gentlemen tomorrow. I’m out I achieved my plan today +95 pip more than what I plan “+75 pip”
Happy trading for all of you with +pips
  • #52,997
  • Feb 11, 2008 7:38am Feb 11, 2008 7:38am
If it go down to 1.9402, means double bottom.

Any suggestion from Sellers?
  • #52,998
  • Feb 11, 2008 7:39am Feb 11, 2008 7:39am
Quoting Abuawad
See you gentlemen tomorrow. I’m out I active my plan today +95 pip more than what I plan “+75 pip”
Happy trading for all of you with +pips
See you tomorrow
  • #52,999
  • Feb 11, 2008 7:44am Feb 11, 2008 7:44am
Quoting ghous
i am no expert at this, but right now i have my TP at my 23.6 fib level which is at abt 9452, but i am around my pc and am looking forward to the price action if i see significant downtrend movment i'll go all the way down to 1.9415...in my opinion 9400 might be just a little too much, cuz the 1.9400 resiatnce level is just very very strong, the price might never even reach it...morever the CPi news tomorow might mean we end up ina long term uptrend for the rest of the week....you need to forego some part of your wonderful dream...
Ghous,

I changed my TP to 1.9415. Appreciate your input.
Now I am at -33.
  • #53,000
  • Feb 11, 2008 7:52am Feb 11, 2008 7:52am
Quote
If it go down to 1.9402, means double bottom.

Any suggestion from Sellers?

mmm...in my opinion yeah, infact i would say a triple top...on the hourly chart youll see another candle some 15 hours ago once again tested the 1.9400 support level, and if it does it again it's gonna be a third time but it's not really likely though, in my opinion 1.9415 should be a good profit target from here, i see significant downtrend movment....i would like the more experinced traders to intervene here...Jacob and the others?? is 1.9415 a better target then my current 9452 target??
I believe . . .
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