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Cable Update (GBPUSD)

  • #55,101
  • Feb 21, 2008 3:25am Feb 21, 2008 3:25am
doesnt seem to have much momentum.
hope it does.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #55,102
  • Feb 21, 2008 3:30am Feb 21, 2008 3:30am
according to me that what i wanted to see before


i told 50% fibo but its touch 61.8 little more correction

but thinking it should down stratigh away and break the 9400 tommorrow
  • #55,103
  • Feb 21, 2008 3:36am Feb 21, 2008 3:36am
watever my technicals are telling me i willdo the opposite from now on.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #55,104
  • Feb 21, 2008 3:38am Feb 21, 2008 3:38am
Quoting Designer1
according to me that what i wanted to see before


i told 50% fibo but its touch 61.8 little more correction

but thinking it should down stratigh away and break the 9400 tommorrow
wat about today??????????
do i loosen my SL on my shorts?????
wat do u think??????
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #55,105
  • Feb 21, 2008 3:40am Feb 21, 2008 3:40am
4h pin (NOT FINISHED!!!), stoch off the hook, bounce back from weekly pivot, corrected news, resistance hit.... thoughts?
.
  • #55,106
  • Feb 21, 2008 3:40am Feb 21, 2008 3:40am
Quoting salah k.
watever my technicals are telling me i willdo the opposite from now on.
Well never listen to anyone.... Just your technicals.
.
  • #55,107
  • Feb 21, 2008 3:44am Feb 21, 2008 3:44am
Quoting bullrock
Well never listen to anyone.... Just your technicals.
i know ur absolutely right but cables moves have been irrational to the max so im trying to learn from ur experiences as i have been doing this for 3 months only.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #55,108
  • Feb 21, 2008 3:46am Feb 21, 2008 3:46am
so if u have any advice for me i'd appreciate it
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #55,109
  • Feb 21, 2008 3:58am Feb 21, 2008 3:58am
Quoting salah k.
wat about today??????????
do i loosen my SL on my shorts?????
wat do u think??????
yeah actually for me i am already short from 9539

i thinking we will not go down today may be tommorrow possible

but we are down in long term condition so better to keep with short

hopefully tommorrow friday huge down possible

i dont think so cable will reach upper channel of tringle in dail chart
its touch 61.8 fibo and back to down

better to watch and see what is happening
  • #55,110
  • Feb 21, 2008 4:00am Feb 21, 2008 4:00am
i need to watch for one hour where the next candle complete
if under the fibo then good direction of down with more confidence
  • #55,111
  • Feb 21, 2008 4:04am Feb 21, 2008 4:04am
technicals say its going down but its momentum is clearly north.
i dont know y its still heading upwards.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #55,112
  • Feb 21, 2008 4:06am Feb 21, 2008 4:06am
I would kindly like to thank everybody who is short right now. Thank you for your money, I will spend it wisely at the pub.
Just Trade It
  • #55,113
  • Feb 21, 2008 4:08am Feb 21, 2008 4:08am
Quoting Big Wave Rider
I would kindly like to thank everybody who is short right now. Thank you for your money, I will spend it wisely at the pub.
.
  • #55,114
  • Feb 21, 2008 4:19am Feb 21, 2008 4:19am
Quoting Big Wave Rider
I would kindly like to thank everybody who is short right now. Thank you for your money, I will spend it wisely at the pub.
we just made our money back
so who should we thank?????????????
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #55,115
  • Feb 21, 2008 4:22am Feb 21, 2008 4:22am
Quoting salah k.
we just made our money back
so who should we thank?????????????
"IT'S GOING TO BE LIKE COMING INTO THE JUNGLE" - K G
  • #55,116
  • Feb 21, 2008 4:28am Feb 21, 2008 4:28am
4 days of DOWN, 1 day of UP - Position traders and momentum types should be preparing to Short somewhere over the next 24 hours.

K
If there is ever any doubt then there is no doubt.
  • #55,117
  • Feb 21, 2008 4:29am Feb 21, 2008 4:29am
Quoting salah k.
we just made our money back
so who should we thank?????????????
I think your screen is upside down. How are you making money in a short right now?
Just Trade It
  • #55,118
  • Feb 21, 2008 4:33am Feb 21, 2008 4:33am
my short was placed at 9579. so up till now theres still profit in it.
technically speaking i dont think cable is going too far it just needs one single push downwards which will be caused by the usd number(unemployment) at 9:30.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #55,119
  • Feb 21, 2008 4:34am Feb 21, 2008 4:34am
from there on i believe we will start moving heavily south until 19300. but thats just me.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #55,120
  • Feb 21, 2008 4:41am Feb 21, 2008 4:41am
Quoting Big Wave Rider
Here is whats up with cable. Bounced three times off of the 50% fibo fan line from the weekly up trend, now needs to break through the daily down trend fan lines to signal continuation of trend. took a scalp from .9380 to .9555 and closed half of my position and moved the stop loss up on the other half for a guaranteed 50 pips after banking 175.
Hey thanks for the heads up on that ,ive had that weekly fan for a while but not the daily down
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