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Cable Update (GBPUSD)

  • #56,881
  • Mar 3, 2008 9:00am Mar 3, 2008 9:00am
according to fibes should retrace to about 1.9890
Tom(uk)
  • #56,882
  • Mar 3, 2008 9:13am Mar 3, 2008 9:13am
bouncing on the fibo 50% retrace, wait for an ib or ob to form and might bounce back up
Tom(uk)
  • #56,883
  • Mar 3, 2008 9:19am Mar 3, 2008 9:19am
since it didn't break my triangle.....
try short @1.9908.
hola....my lucky day.
Never Give Up.....
  • #56,884
  • Mar 3, 2008 9:32am Mar 3, 2008 9:32am
Quoting lessy
since it didn't break my triangle.....
try short @1.9908.
hola....my lucky day.
well done.. but a very risky entry tho..
  • #56,885
  • Mar 3, 2008 9:32am Mar 3, 2008 9:32am
the 61% fibo is 1.9857, if it breaks that we could be seeing a downer, but strong support at 1.9850 round number, very choppy at min trying to make mind up, no defined direction, a scalpers paradise
Tom(uk)
  • #56,886
  • Mar 3, 2008 9:36am Mar 3, 2008 9:36am
next support at 1.9835, looks strong down breaking all fibo and supports
Tom(uk)
  • #56,887
  • Mar 3, 2008 9:39am Mar 3, 2008 9:39am
Quoting lessy
since it didn't break my triangle.....
try short @1.9908.
hola....my lucky day.
i got in again at 9934 wooot! good stufffff!
And your mouth dropped
  • #56,888
  • Mar 3, 2008 9:40am Mar 3, 2008 9:40am
looks like the 1.9835 might hold it, it is very strong support, big if not another strong support is 1.9818, if that goes, then the days low is 1.9808.
sorry about the ifs and buts but best to stay way clear of it at min, patience till it consolidates on a support
Tom(uk)
  • #56,889
  • Mar 3, 2008 9:41am Mar 3, 2008 9:41am
just hit a double bottom but candle below 75% fibo.. swing time or we done with the bull?
  • #56,890
  • Mar 3, 2008 9:49am Mar 3, 2008 9:49am
i think the 835-818 will hold it may kick up a retrace of 15-20 pips but i think big move over for day, I would favour shorts now, funny week with boe rate decision, but I cant see them cutting again, very rare that boe cut 2 months running,
Tom(uk)
  • #56,891
  • Mar 3, 2008 9:54am Mar 3, 2008 9:54am
good thing we stuck to our trade lessy
And your mouth dropped
  • #56,892
  • Mar 3, 2008 9:55am Mar 3, 2008 9:55am
just got in, bad time to go shopping missed the up and the down.

Errrrmmm confused, think i should sit this out until I'm not confused.

So ran up 80pips into the news, put in a fake up news spike then tanked, am I missing anything else ??
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #56,893
  • Mar 3, 2008 9:57am Mar 3, 2008 9:57am
Quoting makey2u
good thing we stuck to our trade lessy
i can sleep well tonight makey....
good for you to Bro'
Never Give Up.....
  • #56,894
  • Mar 3, 2008 9:59am Mar 3, 2008 9:59am
Making some Pips I see, way to go lads ( and ladets if there are any )
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #56,895
  • Mar 3, 2008 10:08am Mar 3, 2008 10:08am
818 holding, we should have a bit of a bounce up
Tom(uk)
  • #56,896
  • Mar 3, 2008 10:13am Mar 3, 2008 10:13am
Low risk trade to get bullish on cable current rate with stop loss 1.9795.
Chart attached.

We are possibly in triangle consolidation wave 4, corrective ahead of a further rise above 2.0
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.gif Size: 19 KB
  • #56,897
  • Mar 3, 2008 10:13am Mar 3, 2008 10:13am
Yeah, abit nervous about going long, after all that selling though.

I suspect it'll sucker some longs in, then sell back to 9790 area to stop them out before they run it up.

Be warned ( well seen this 100's of times )
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #56,898
  • Mar 3, 2008 10:14am Mar 3, 2008 10:14am
Quoting makey2u
good thing we stuck to our trade lessy
makey, i put my TP @1.9810. but if it didn't touch, i'll square it...
Never Give Up.....
  • #56,899
  • Mar 3, 2008 10:14am Mar 3, 2008 10:14am
CT's recking the SL I think they'll take out soon I see


* Or not ofcourse LOL *
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #56,900
  • Mar 3, 2008 10:17am Mar 3, 2008 10:17am
Quoting CounterTrend
Low risk trade to get bullish on cable current rate with stop loss 1.9795.
Chart attached.

We are possibly in triangle consolidation wave 4, corrective ahead of a further rise above 2.0
i agree with that...
Never Give Up.....
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