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Cable Update (GBPUSD)

  • #55,181
  • Feb 21, 2008 9:21am Feb 21, 2008 9:21am
LONG @ 9561.....
  • #55,182
  • Feb 21, 2008 9:28am Feb 21, 2008 9:28am
Quoting Big Wave Rider
I have mine from the close of the candles,

When you fist apply them you start from the price high and low but then check the close next as sometimes the close is a stronger level then the price action, same thing with normal fibs as well. All of this could come down to broker times and other variables which is why it's important to see where it fits either the high/lows or the close.
Thanks for that info,its very intresting
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #55,183
  • Feb 21, 2008 9:45am Feb 21, 2008 9:45am
glad to be out of the market because there is no logical reason for suck a 35 pip jump.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #55,184
  • Feb 21, 2008 9:49am Feb 21, 2008 9:49am
Quoting Genics
lol, i dont look for huge point gains, 20pips a day works out nicely for me and will do for the day.
I think another 100 pips. Never mind.
.
  • #55,185
  • Feb 21, 2008 9:49am Feb 21, 2008 9:49am
This doesn't make sense GBPUSD is at highs and everything else is falling including GBPJYP, It seems to me alot of people were short last night and traders are hurting them and will continue to hurt them.....
  • #55,186
  • Feb 21, 2008 9:50am Feb 21, 2008 9:50am
If close above now 1.9582 (weekly pivot) I just will wait simply and see how it goes unitl the monthly 1.9722.
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  • #55,187
  • Feb 21, 2008 9:51am Feb 21, 2008 9:51am
Quoting morse
This doesn't make sense GBPUSD is at highs and everything else is falling including GBPJYP, It seems to me alot of people were short last night and traders are hurting them and will continue to hurt them.....
These are the days when GU flies 200+ pips.
.
  • #55,188
  • Feb 21, 2008 9:56am Feb 21, 2008 9:56am
needs to break fibo 19597 before it goes anywhere! has tried twice now
  • #55,189
  • Feb 21, 2008 9:56am Feb 21, 2008 9:56am
Quoting bullrock
These are the days when GU flies 200+ pips.
lookd like it
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #55,190
  • Feb 21, 2008 9:57am Feb 21, 2008 9:57am
Quoting bullrock
These are the days when GU flies 200+ pips.
These are days when some people should have seen it coming........

http://www.forexfactory.com/showthre...=48794&page=21

Post # 314
Humble Lifetime Member
  • #55,191
  • Feb 21, 2008 10:03am Feb 21, 2008 10:03am
202 pips so far
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #55,192
  • Feb 21, 2008 10:06am Feb 21, 2008 10:06am
being long tp @ 9623....any comments.....well it go up more...
  • #55,193
  • Feb 21, 2008 10:06am Feb 21, 2008 10:06am
Quoting Ash
These are days when some people should have seen it coming........

http://www.forexfactory.com/showthre...=48794&page=21

Post # 314
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  • #55,194
  • Feb 21, 2008 10:07am Feb 21, 2008 10:07am
hi again 1.9626 to 1.9629 is important point if not breaks it will turn
  • #55,195
  • Feb 21, 2008 10:10am Feb 21, 2008 10:10am
yep its going well - shorted the top of the initial jump up and scalped a few then went long as I always listen to bullrock (when he agrees with me haha )

Come on 1.9998 so I can sell by gbp wad and spend it on 50 metric tonnes of mcdonalds burgers and fries and check pants and t-shirts (vests)

I know there is a lot of pogo-ing between now and then!

but i will be buying the dips - i have seen enough - and i see some strength returning - resumption of the long term trend ? i wish

I am watching the euro on my 10 second chart and any weakness there will have me bailing out
  • #55,196
  • Feb 21, 2008 10:12am Feb 21, 2008 10:12am
finally i need to tell cable should be up now

candle H4 created above the 61.8 fibo so now target is 9700
  • #55,197
  • Feb 21, 2008 10:20am Feb 21, 2008 10:20am
Quoting allserene
yep its going well - shorted the top of the initial jump up and scalped a few then went long as I always listen to bullrock (when he agrees with me haha )

Come on 1.9998 so I can sell by gbp wad and spend it on 50 metric tonnes of mcdonalds burgers and fries and check pants and t-shirts (vests)

I know there is a lot of pogo-ing between now and then!

but i will be buying the dips - i have seen enough - and i see some strength returning - resumption of the long term trend ? i wish

I am watching the euro on my 10 second chart and any weakness there will have me bailing out
.
  • #55,198
  • Feb 21, 2008 10:22am Feb 21, 2008 10:22am
i think we will c 9540 today thats wen i'll buy.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #55,199
  • Feb 21, 2008 10:23am Feb 21, 2008 10:23am
It better goes allserene, every tick has a serious weight.... And if it hits my imaginary targets I will simply retire.
.
  • #55,200
  • Feb 21, 2008 10:25am Feb 21, 2008 10:25am
really i short @ 1.9610 with Sl +5 ... looking to close @ 1.9549
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