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Cable Update (GBPUSD)

  • #53,821
  • Feb 14, 2008 8:45pm Feb 14, 2008 8:45pm
  •  4x_Trader
  • Joined Dec 2006 | Status: Is the market a FRIENDLY place to U | 639 Posts | Online Now
For simplicity the cable almost retraced 61.8& fibo (from a high of 1.9955, 30 Jan to a low of 1.9386, 07 Feb) yesterday @ 1.9740. This positive momentum is expected to continue where 1.9664 (high 13 feb) all the way down to 1.9631 (high 12 feb) should hold intraday dips favoring the upside target of 1.9761 (high 05 Feb) / 1.9785 (high 04 Feb) and probably 1.9820 (3 month bearish trendline) before we see any weakness in cable. Only a breach below 1.9614 (low yesterday) will change my view.....just my 2 cents let's see how it goes!
  • #53,822
  • Feb 14, 2008 10:18pm Feb 14, 2008 10:18pm
I expect cable to resume the daily down trend that it broke from this week (and blew my short), but it has some room to go up a little further. Nothing really changed that should alter the downtrend. Should be a nice drop, when it happens.
  • #53,823
  • Feb 14, 2008 11:11pm Feb 14, 2008 11:11pm
Now lets go see 1.9700 test...
Attached Image (click to enlarge)
Click to Enlarge Name: skyson110.gif Size: 16 KB
  • #53,824
  • Feb 14, 2008 11:12pm Feb 14, 2008 11:12pm
up Cable Up Target Is 9800!
  • #53,825
  • Feb 14, 2008 11:18pm Feb 14, 2008 11:18pm



Quoting Designer1
up Cable Up Target Is 9800!
  • #53,826
  • Feb 14, 2008 11:19pm Feb 14, 2008 11:19pm
Quoting Designer1
up Cable Up Target Is 9800!
...suicide!
  • #53,827
  • Feb 14, 2008 11:28pm Feb 14, 2008 11:28pm
Quoting 30pips
...suicide!
thats what you think!!
  • #53,828
  • Feb 14, 2008 11:33pm Feb 14, 2008 11:33pm
Quoting AmeriTrini
thats what you think!!
....just short and go to bed,put no SL, 100 pips TP in the morning!
  • #53,829
  • Feb 14, 2008 11:37pm Feb 14, 2008 11:37pm
Don't forget to pinch yourself when you dream about pips too.

Quoting 30pips
....just short and go to bed,put no SL, 100 pips TP in the morning!
  • #53,830
  • Feb 14, 2008 11:47pm Feb 14, 2008 11:47pm
if my channel break then go to sleep and have a great dream
if bounce then???????

more chance looks like bounce
Attached Image (click to enlarge)
Click to Enlarge Name: ib.gif Size: 10 KB
  • #53,831
  • Feb 14, 2008 11:48pm Feb 14, 2008 11:48pm
Quoting ice
Don't forget to pinch yourself when you dream about pips too.
...dont worry,i know what i'm doing...my tech works fine(80%)!
  • #53,832
  • Feb 15, 2008 12:05am Feb 15, 2008 12:05am
Quoting 30pips
....just short and go to bed,put no SL, 100 pips TP in the morning!
no good money management here. You are happy to earn 30 pips and you are risking hundreds!! .. but nice you would be sleeping though.
  • #53,833
  • Feb 15, 2008 12:18am Feb 15, 2008 12:18am
Quoting Designer1
if my channel break then go to sleep and have a great dream
if bounce then???????

more chance looks like bounce
Designer1,
May I ask, what indicators do you use? I only see trendlines on your chart.

Thanks,
A.T.
  • #53,834
  • Feb 15, 2008 12:25am Feb 15, 2008 12:25am
How to make $1000 today - Open a long at 1.9700 with a standard lot and go to bed.

How to lose $1000 today - Open a short at 1.9700 and go to bed !!
  • #53,835
  • Feb 15, 2008 12:27am Feb 15, 2008 12:27am
Quoting forexguru
How to make $1000 today - Open a long at 1.9700 with a standard lot and go to bed.

How to lose $1000 today - Open a short at 1.9700 and go to bed !!
TELL DEM GURU, TELL DEM!!
  • #53,836
  • Feb 15, 2008 12:31am Feb 15, 2008 12:31am
Quoting AmeriTrini
TELL DEM GURU, TELL DEM!!
  • #53,837
  • Feb 15, 2008 12:39am Feb 15, 2008 12:39am
Quoting AmeriTrini
Designer1,
May I ask, what indicators do you use? I only see trendlines on your chart.

Thanks,
A.T.
i am using lots of indicators

but i told LONG because of that trendline which i draw in my attached chart

if you see 3 candles in H1 was above from trendline which i havd drew
so reason was cable is up
  • #53,838
  • Feb 15, 2008 12:41am Feb 15, 2008 12:41am
Hello.

I stand with you, I am new to forex, I come from Venezuela, and some days I have been watching your thoughtful comments. I hope that my time here will be good for everybody.
  • #53,839
  • Feb 15, 2008 12:50am Feb 15, 2008 12:50am
Quoting 30pips
....just short and go to bed,put no SL, 100 pips TP in the morning!
i use to do stupid shit like this back in the day, had to stop blew to many account. sweet nightmare's.
If I Go Broke Trying Then I Will die happy.
  • #53,840
  • Feb 15, 2008 12:53am Feb 15, 2008 12:53am
Quoting Moe
i use to do stupid shit like this back in the day, had to stop blew to many account. sweet nightmare's.
the funny thing is that he put take profit 100 pips
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