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Cable Update (GBPUSD)

  • #53,201
  • Feb 12, 2008 8:25am Feb 12, 2008 8:25am
15min pitchfork shows and pick out bottom today

even better on 1hr chart
Attached Image (click to enlarge)
Click to Enlarge Name: cable 15min pitchfork.JPG Size: 200 KB
Trading is 80% Emotional, 20% Technical
  • #53,202
  • Feb 12, 2008 8:26am Feb 12, 2008 8:26am
1.9587 is good resistance level..
  • #53,203
  • Feb 12, 2008 8:26am Feb 12, 2008 8:26am
lol @ shorts
Trade what you see, not what you think.
  • #53,204
  • Feb 12, 2008 8:26am Feb 12, 2008 8:26am
Quoting deboooo2005
Hi

breaking 1.9558 it will go to 1.9608 then 1.9687
i just mention in the morning ... how cable will act ... and i leave all newbie talks about short .... and i'll not put sell or buy signals here in forum ...

just i talk about the direction when breakout happen ... thanks
  • #53,205
  • Feb 12, 2008 8:28am Feb 12, 2008 8:28am
cable 1hour pitchfork shows clear reversal for uptrend this morning
Attached Image (click to enlarge)
Click to Enlarge Name: cable 60min pitchfork.JPG Size: 178 KB
Trading is 80% Emotional, 20% Technical
  • #53,206
  • Feb 12, 2008 8:29am Feb 12, 2008 8:29am
Quoting deboooo2005
i just mention in the morning ... how cable will act ... and i leave all newbie talks about short .... and i'll not put sell or buy signals here in forum ...

just i talk about the direction when breakout happen ... thanks


Only if 9586-87 doesn't hold.
"I know how hard it is for you to put food on your family." George W. Bush
  • #53,207
  • Feb 12, 2008 8:30am Feb 12, 2008 8:30am
Quoting jacobtrader
1.9587 is good resistance level..
now potential support!! lol
Trading is 80% Emotional, 20% Technical
  • #53,208
  • Feb 12, 2008 8:31am Feb 12, 2008 8:31am
soon everyone in this thread will be shouting long long long LOL
Trade what you see, not what you think.
  • #53,209
  • Feb 12, 2008 8:33am Feb 12, 2008 8:33am
thats when i shall cover long!
Trading is 80% Emotional, 20% Technical
  • #53,210
  • Feb 12, 2008 8:35am Feb 12, 2008 8:35am
Quoting jacobtrader
1.9587 is good resistance level..
  • #53,211
  • Feb 12, 2008 8:36am Feb 12, 2008 8:36am
hope the guy that was short 13 lots had a tight stop loss and reversed?
Trading is 80% Emotional, 20% Technical
  • #53,212
  • Feb 12, 2008 8:36am Feb 12, 2008 8:36am
Quoting karmostaji
soon everyone in this thread will be shouting long long long LOL

yeahhhh


UPPPP

and i have big loss

quit from market and sleep
  • #53,213
  • Feb 12, 2008 8:37am Feb 12, 2008 8:37am
Quoting X-CooL
yeahhhh


UPPPP

and i have big loss

quit from market and sleep
trade what you see and not what ever pro wannabe in this thread is saying.
Trade what you see, not what you think.
  • #53,214
  • Feb 12, 2008 8:39am Feb 12, 2008 8:39am
Quoting fxcellent
9450 by 12 pm eastern time..I'm thinkin all bearish comin out of the uk support and resistance levels show some sneak attacks but cant break I hope I'm wrong.............NOT. trendline at 9540 if it breaks it THEN we go 9700 otherwise deepwater........

Well I just have to kiss myself on this one.....back to the drawing board....we have broken the upward trendline....hmmmmmmmmmmmm
GREED IS THE ULTIMATE INDICATOR
  • #53,215
  • Feb 12, 2008 8:39am Feb 12, 2008 8:39am
Quoting karmostaji
soon everyone in this thread will be shouting long long long LOL

Thats the problem with Traders here they keep calling trades. infact i can predict 86% of traders here lost money , cos I just find it so difficult to understand what people read on their charts. Well Smart Guys I say again NICE ONE TO Y'ALL
  • #53,216
  • Feb 12, 2008 8:42am Feb 12, 2008 8:42am
We havent capped the bearish trend line yet.
Any rally favors a SELL.
Technical Picture isnt satisfactory as yet for BULLISH.

Its good how the prices are moving today.. We will see a nice fall in coming up hours and days..

Technically nothing favors BUllish run.. I shall add this is preparation of a BIG FALL soon..

Until the Trendline hasnt been capped.. The Picture overall remains Bearish..
  • #53,217
  • Feb 12, 2008 8:43am Feb 12, 2008 8:43am
Quoting jacobtrader
We havent capped the bearish trend line yet.
Any rally favors a SELL.
Technical Picture isnt satisfactory as yet for BULLISH.

Its good how the prices are moving today.. We will see a nice fall in coming up hours and days..

Technically nothing favors BUllish run.. I shall add this is preparation of a BIG FALL soon..

Until the Trendline hasnt been capped.. The Picture overall remains Bearish..
together with euro
  • #53,218
  • Feb 12, 2008 8:47am Feb 12, 2008 8:47am
Quoting jacobtrader
We havent capped the bearish trend line yet.
Any rally favors a SELL.
Technical Picture isnt satisfactory as yet for BULLISH.

Its good how the prices are moving today.. We will see a nice fall in coming up hours and days..

Technically nothing favors BUllish run.. I shall add this is preparation of a BIG FALL soon..

Until the Trendline hasnt been capped.. The Picture overall remains Bearish..
And to support my Statement i will post Charts soon.
This will be a HUGE Fall once it starts.. I am expecting atleast 400 PIPS downside..
  • #53,219
  • Feb 12, 2008 8:51am Feb 12, 2008 8:51am
Quoting jacobtrader
And to support my Statement i will post Charts soon.
This will be a HUGE Fall once it starts.. I am expecting atleast 400 PIPS downside..
after we go up 200 pips? lol
Trade what you see, not what you think.
  • #53,220
  • Feb 12, 2008 8:53am Feb 12, 2008 8:53am
Quoting jacobtrader
And to support my Statement i will post Charts soon.
This will be a HUGE Fall once it starts.. I am expecting atleast 400 PIPS downside..
Much better jacobtrader for the purpose of justification because for me I saw 1.9660 high of Feb 6 will be the next target for the cable!
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