Cable Update (GBPUSD)
- #55,802
- Feb 26, 2008 2:23am Feb 26, 2008 2:23am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #55,804
- Feb 26, 2008 2:25am Feb 26, 2008 2:25am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #55,807
- Feb 26, 2008 2:31am Feb 26, 2008 2:31am
- Joined Apr 2007 | Status: Trader | 2,387 Posts
WHat Is Going On??
I Dont Understand
"what doesn't bankrupt me, makes me stronger" modern nietzche
- #55,808
- Feb 26, 2008 2:34am Feb 26, 2008 2:34am
- Joined Jul 2007 | Status: C.E.O of BWR Investment firm | 4,736 Posts
Just Trade It
- #55,809
- Feb 26, 2008 2:40am Feb 26, 2008 2:40am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
WHat Is Going On??
I Dont Understand
we opened today 1.9662 went down price was rejected 1.9640
If u look at 4 hr chart is see bearish formations, the open and closes are really close together, shows indecision...the last 4hr candle is bullish beyond reasoning.
The 1hr chart has the 62ema acting as support for price and we have broken out of the downward trend channel (see daily chart)....price can only go in one direction
The 2 red dotted lines are the trendlines for the downward channel..we are have broken out of this so unless we move back in u simply cant say we are going down...hence up we go as there more confirmations for up as appossed to down ...i hope what i have written helps
- #55,810
- Feb 26, 2008 2:43am Feb 26, 2008 2:43am
- | Membership Revoked | Joined Mar 2005 | 4,703 Posts
Hey Moe M still holding my long pos @ 1.9680 but I think I need to revised my target to 1.9730 (6 pips below Feb 14 high lies @ 1.9736) and my stop loss raise to 1.9638 (1 pip below Feb 21 high lies @ 1.9639). Let's see how it goes........
PS: Just an info and not a reco!
im back in at 685
If I Go Broke Trying Then I Will die happy.
- #55,811
- Feb 26, 2008 2:47am Feb 26, 2008 2:47am
- Joined Jul 2007 | Status: al zahr | 2,820 Posts
Pi**ing against the wind. Basically it broke out again.... UPWARDS, NORTH. Whatever. Then what was terrible resistance became terrible support. The odds? Well you guess.... I leave that joy to you. 
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- #55,813
- Feb 26, 2008 2:55am Feb 26, 2008 2:55am
- Joined Apr 2007 | Status: Trader | 2,387 Posts
will see
"what doesn't bankrupt me, makes me stronger" modern nietzche
- #55,814
- Feb 26, 2008 2:56am Feb 26, 2008 2:56am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
I hit my short term targets but i still believe it not confirmed as to whether we still go up...lots of resistance...closed my positions, now looking for suitable entry depending on what happens..
- #55,816
- Feb 26, 2008 2:57am Feb 26, 2008 2:57am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #55,818
- Feb 26, 2008 2:58am Feb 26, 2008 2:58am
- Joined Jul 2007 | Status: al zahr | 2,820 Posts
I hit my short term targets but i still believe it not confirmed as to whether we still go up...lots of resistance...closed my positions, now looking for suitable entry depending on what happens..
LONG GU LONG!! BULL GU ROCKS
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- #55,819
- Feb 26, 2008 2:58am Feb 26, 2008 2:58am
- Joined Aug 2007 | Status: Doing It In Dubai | 2,457 Posts
We still need to see what the news is and which it will pull this damn cable! that is swimming with my floating losses 
- #55,820
- Feb 26, 2008 3:02am Feb 26, 2008 3:02am
- Joined Jul 2007 | Status: Never Give In | 2,518 Posts
Pi**ing against the wind. Basically it broke out again.... UPWARDS, NORTH. Whatever. Then what was terrible resistance became terrible support. The odds? Well you guess.... I leave that joy to you.
Humble Lifetime Member