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Cable Update (GBPUSD)

  • #59,381
  • Mar 25, 2008 11:43am Mar 25, 2008 11:43am
Quoting fdowtf
I'm Long @ 1.9973, TP @ 2.0169 (50 fibo weekly TF)
Thats crazy!!, Im hedged in from that same position and my take profit is the same as yours!!! theres got to be a word for this..........lol.
  • #59,382
  • Mar 25, 2008 11:54am Mar 25, 2008 11:54am
Resistance still at this trend line area mentioned above likely, with some reasons to short scalp on lower time frames.

A further with intraday trend break up targets resistance area:

0150-67 ...with 3 x fibs there.....a. 76.4% 0154-9725, b. 61.8% 0273-9725, c. 50% 0397-9725
ex member
  • #59,383
  • Mar 25, 2008 11:57am Mar 25, 2008 11:57am
Quoting AmeriTrini
Thats crazy!!, Im hedged in from that same position and my take profit is the same as yours!!! theres got to be a word for this..........lol.
im scared to hedge ..it might go down..lol
  • #59,384
  • Mar 25, 2008 11:59am Mar 25, 2008 11:59am
agreed with navin...

Weekly chart seems like a clean cut to go down further...
  • #59,385
  • Mar 25, 2008 12:02pm Mar 25, 2008 12:02pm
Quoting johnbaem
agreed with navin...

Weekly chart seems like a clean cut to go down further...
Remember it may take some time for things to materialize on a weekly.
  • #59,386
  • Mar 25, 2008 12:03pm Mar 25, 2008 12:03pm
Quoting johnbaem
agreed with navin...

Weekly chart seems like a clean cut to go down further...
i really dont know what to do ..should i move stop loss firther or just take the loss....this thing should be going down..
  • #59,387
  • Mar 25, 2008 12:03pm Mar 25, 2008 12:03pm
lol.. so im the only one that sees a short signal at 2.0055?
And your mouth dropped
  • #59,388
  • Mar 25, 2008 12:05pm Mar 25, 2008 12:05pm
Above that last potential resistance area and any upside break targets potential resistance at 0142-0152 being last weds high, and 2 x fibs: a. 76.4% 0278-9735, b. 61.8% 0387-9735.

0153 is also the breeched 23.6% of the 0398-9735 down move
ex member
  • #59,389
  • Mar 25, 2008 12:05pm Mar 25, 2008 12:05pm
makey2u: see post 59393
ex member
  • #59,390
  • Mar 25, 2008 12:06pm Mar 25, 2008 12:06pm
i think we might hit 61.8 fib(area) and then back down unless fundamentals are showing US weakness and UK or euro strength


http://www.forexfactory.com/C:%5CDoc...ator%5CDesktop
Attached Image (click to enlarge)
Click to Enlarge Name: fib.JPG Size: 176 KB
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #59,391
  • Mar 25, 2008 12:11pm Mar 25, 2008 12:11pm
Quoting bbmac
makey2u: see post 59393

then its set. i sell there. - very heavy.
And your mouth dropped
  • #59,392
  • Mar 25, 2008 12:12pm Mar 25, 2008 12:12pm
Quoting makey2u
lol.. so im the only one that sees a short signal at 2.0055?
I may be with you on that one, although I don't think it'll get there... 2.0042 is where the train stops
  • #59,393
  • Mar 25, 2008 12:12pm Mar 25, 2008 12:12pm
Quoting AmeriTrini
Remember it may take some time for things to materialize on a weekly.
Definitely and it was a good bull sign in daily and 4H charts.. it seems more realistic for day-trader...

At daily, we can see cs formation (i dunno whats the name) clear showing the price will picking up...
  • #59,394
  • Mar 25, 2008 12:14pm Mar 25, 2008 12:14pm
Quoting nAVIN2007
i really dont know what to do ..should i move stop loss firther or just take the loss....this thing should be going down..
Moving a SL is the simplest way to get margin call..
  • #59,395
  • Mar 25, 2008 12:15pm Mar 25, 2008 12:15pm
I think you got your fib drwan wrong tghere buddy,,, if its the fib of the fall from 1162 92007 High) to 9335 area lows its the already breeched 38.2% of the fall that you are indicating by your 61.8???

sorry if im confused
ex member
  • #59,396
  • Mar 25, 2008 12:17pm Mar 25, 2008 12:17pm
Quoting johnbaem
Moving a SL is the simplest way to get margin call..
Yes, but it depends which direction you are moving the S/L.
  • #59,397
  • Mar 25, 2008 12:18pm Mar 25, 2008 12:18pm
Quoting bbmac
I think you got your fib drwan wrong tghere buddy,,, if its the fib of the fall from 1162 92007 High) to 9335 area lows its the already breeched 38.2% of the fall that you are indicating by your 61.8???

sorry if im confused
it makes more sense the way u say it but aaccording to fib rules u draw 0.0 level at starting point which is the start of the downtrend at 2.11
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #59,398
  • Mar 25, 2008 12:19pm Mar 25, 2008 12:19pm
1162-9335 is a down move:
Attached Image (click to enlarge)
Click to Enlarge Name: v.gif Size: 12 KB
ex member
  • #59,399
  • Mar 25, 2008 12:20pm Mar 25, 2008 12:20pm
Quoting Dazfx
Yes, but it depends which direction you are moving the S/L.
definitely on the other hands if you are trailing for pips but in navin situation, he might kill his acc..
  • #59,400
  • Mar 25, 2008 12:25pm Mar 25, 2008 12:25pm
Quoting bbmac
1162-9335 is a down move:
u know the values are basically equivalent because difference from 0-->38.2 level is same from 100-->61.8

so anyway wat do u think of that theory
"what doesn't bankrupt me, makes me stronger" modern nietzche
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