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Cable Update (GBPUSD)

  • #61,841
  • Apr 17, 2008 5:15am Apr 17, 2008 5:15am
Hi there
I have been watching your comments for a long long time. Thank you all for all the work you have done. It is a best support for my ideas to find people who share my view and it really help me to stay in trades many times. Anyway, just want share my opinion about the current situation. Eur/Usd on daily been caught in a form of flag that has been broken yesterday. As long as it stays above 1.5900 i t has a great potential to move much higher and drag pound with it. As long as this situation is valid, i prefer to go long.
  • #61,842
  • Apr 17, 2008 5:17am Apr 17, 2008 5:17am
heavy resistance just under 1.9800... we may be near a corrective move down.
  • #61,843
  • Apr 17, 2008 5:19am Apr 17, 2008 5:19am
Abuawad method worked fine again, but damn I am late to enter long from 1.9740. !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #61,844
  • Apr 17, 2008 5:22am Apr 17, 2008 5:22am
Quoting fxpredator
Hello Bones,

are you ready for new Sell positions?

I am looking for enter around 1.9835 - 4h MA89 and also forecast for retracement of El Grande Elliot wave counting :

http://forexfactory.com/attachment.p...4&d=1208326990

best regards

FXP
sell order here ...waiting on confirmation
DISCIPLINE IS THE KEY TO SUCCESS!!!:nerd:
  • #61,845
  • Apr 17, 2008 5:23am Apr 17, 2008 5:23am
Someone lit the fireworks!
  • #61,846
  • Apr 17, 2008 5:24am Apr 17, 2008 5:24am
carry trade back to action??

selling Euro, buying Pound
selling Yen, buying Dollar
  • #61,847
  • Apr 17, 2008 5:30am Apr 17, 2008 5:30am
Quoting magictrader
carry trade back to action??

selling Euro, buying Pound
selling Yen, buying Dollar
why not? in short term, stock market are well behaving, it seems credit crisis are rescued or are firmly rescuing.... especially,,, there are problem in japan
  • #61,848
  • Apr 17, 2008 5:33am Apr 17, 2008 5:33am
Quoting magictrader
carry trade back to action??

selling Euro, buying Pound
selling Yen, buying Dollar
The pound is not really a carry trade currency; those would be the high yielders such as aud and nzd.
  • #61,849
  • Apr 17, 2008 5:36am Apr 17, 2008 5:36am
So looks like it is trying to start wave 3 of the up trend.
  • #61,850
  • Apr 17, 2008 5:40am Apr 17, 2008 5:40am
Does enveryone agree its time to short!!!
  • #61,851
  • Apr 17, 2008 5:41am Apr 17, 2008 5:41am
Quoting manize
Abuawad method worked fine again, but damn I am late to enter long from 1.9740. !
Easy to get Unknown Area values but how are you getting S/R and targets?

tia
  • #61,852
  • Apr 17, 2008 5:41am Apr 17, 2008 5:41am
Cable hit the Upper TL on the 4H chart...perfectly...
  • #61,853
  • Apr 17, 2008 5:42am Apr 17, 2008 5:42am
cable aprraoching trendline on 4hr and daily around 1.9830 area, tricky here, could sell into failed rally or buy (if not already long) on a break trendline, currently have small short in, although shall be very disloyal to this postion should there be a break out!!!
Trading is 80% Emotional, 20% Technical
  • #61,854
  • Apr 17, 2008 5:44am Apr 17, 2008 5:44am
i have shorted from .9800
  • #61,855
  • Apr 17, 2008 5:49am Apr 17, 2008 5:49am
Quoting avi907
i have shorted from .9800
fantastic entery ....welldone buddy
  • #61,856
  • Apr 17, 2008 5:52am Apr 17, 2008 5:52am
Quoting nAVIN2007
fantastic entery ....welldone buddy
thanks buddy
but it is small lot i think we reached today's high but who knows
  • #61,857
  • Edited 6:14am Apr 17, 2008 5:55am | Edited 6:14am
Quoting avi907
thanks buddy
but it is small lot i think we reached today's high but who knows
i hit the trigger 3 times and still i didnt get as high as that but i think we have a good chance here ..its more likely to go down than up and weekly is a realible chart and its says down .....my fingers are crossed big time ...

this is what i hate about trading actually...it possible that this maybe the start of the uptrend....everything depends on a confirmation here..

see the 2 black lines....i think the only way to tell is if see get a bounce here or possibly 1.9881

I still favor down thou..long upper shadows, maybe a sign current movement is down ...others views here would be good ...
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  • #61,858
  • Apr 17, 2008 6:06am Apr 17, 2008 6:06am
Quoting nAVIN2007
i hit the trigger 3 times and still i didnt get as high as that but i think we have a good chance here ..its more likely to go down than up and weekly is a realible chart and its says down .....my fingers are crossed big time ...
good luck my friend
  • #61,859
  • Apr 17, 2008 6:07am Apr 17, 2008 6:07am
We've hit TL on H4, Weekly R1 pivot and 1,98, it's also Daily M4 pivot at 1,9814.
But E/G is in very strong daily down trend.
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  • #61,860
  • Apr 17, 2008 6:19am Apr 17, 2008 6:19am
g/u and e/u look very bullish. If enemployment claims come as as bad as expected, we will see g/u breaking the channel resistance firmly and possibly start a new bull run. I am tempted to close one of my longs (9620 and 9702) but lets see if fundamental predictions actually work.
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