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Cable Update (GBPUSD)

  • #62,201
  • Apr 21, 2008 7:36am Apr 21, 2008 7:36am
this might be the beginning of a price channel with possible move to the bottom
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  • #62,202
  • Apr 21, 2008 7:43am Apr 21, 2008 7:43am
filled my boots at 9825 (50% fib retr of up swing) for a target of 2.0020, the recent high.

stop at be
  • #62,203
  • Apr 21, 2008 7:49am Apr 21, 2008 7:49am
Morning star on the 1 Hr.... Nice
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  • #62,204
  • Apr 21, 2008 8:09am Apr 21, 2008 8:09am
Double top on M5, no higher high made.
I think possible bearish continuation.
  • #62,205
  • Apr 21, 2008 8:17am Apr 21, 2008 8:17am
Quoting hard1head1
Morning star on the 1 Hr.... Nice
agree with u
but hard resistance at 1.9880
  • #62,206
  • Apr 21, 2008 8:18am Apr 21, 2008 8:18am
Quoting SimonJ
Double top on M5, no higher high made.
I think possible bearish continuation.
Resistance is Friday's low so it might take a few pushes before it gets through or gives up.

If the Euro continues it's upward move (it's taking a breather), Cable my get dragged up with it.
  • #62,207
  • Apr 21, 2008 8:21am Apr 21, 2008 8:21am
Failed to break over the 6hour sma, back on 3hour sma as support, which way it'll go ?? find out.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #62,208
  • Apr 21, 2008 8:28am Apr 21, 2008 8:28am
Quoting Turveyd
Failed to break over the 6hour sma, back on 3hour sma as support, which way it'll go ?? find out.
should be long
  • #62,209
  • Apr 21, 2008 8:34am Apr 21, 2008 8:34am
Quoting Ultraman
should be long
mmmmmm
The quality of your life is brought about by the quality of your thinking.
  • #62,210
  • Apr 21, 2008 8:55am Apr 21, 2008 8:55am
Quoting hornet
mmmmmm
damm it my long just hit SL and hit my PO short on GBPUSD n EURUSD,
  • #62,211
  • Apr 21, 2008 9:02am Apr 21, 2008 9:02am
Broke the 3hour, back up to test the 6hour and in a downward channel here, keep your bear suites on people.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #62,212
  • Apr 21, 2008 9:09am Apr 21, 2008 9:09am
Quoting Turveyd
Broke the 3hour, back up to test the 6hour and in a downward channel here, keep your bear suites on people.
will do Turveyd,
how far EURUSD will drop, i think i want to kept until 2morrow
  • #62,213
  • Apr 21, 2008 9:14am Apr 21, 2008 9:14am
Euro is bullish still, pretty weak up here but trading within 50pips of all time highs, so short on the Euro is RISKY!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #62,214
  • Apr 21, 2008 9:45am Apr 21, 2008 9:45am
My yesterday analysis, it fall down perfectly but will it go up now with this news??
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  • #62,215
  • Apr 21, 2008 9:48am Apr 21, 2008 9:48am
Quoting magictrader
My yesterday analysis, it fall down perfectly but will it go up now with this news??
What news you waiting for???
  • #62,216
  • Apr 21, 2008 9:51am Apr 21, 2008 9:51am
I still feel we will first test Fibo 61.8% @1.9760 before we go up. At the very least it will test 50% again.
  • #62,217
  • Apr 21, 2008 9:53am Apr 21, 2008 9:53am
with past news from BoE.
  • #62,218
  • Apr 21, 2008 10:09am Apr 21, 2008 10:09am
Quoting hornet
I must be the only one thinking it will carry on down through 1.9800
Now I am happy....closed my short
The quality of your life is brought about by the quality of your thinking.
  • #62,219
  • Apr 21, 2008 10:29am Apr 21, 2008 10:29am
Quoting hornet
Now I am happy....closed my short
  • #62,220
  • Apr 21, 2008 10:34am Apr 21, 2008 10:34am
Quoting Turveyd
Euro is bullish still, pretty weak up here but trading within 50pips of all time highs, so short on the Euro is RISKY!!
Used your method today, adapted to suit my likening. Went short at 1.9990 this morning got out at 1.9818! yeh ha. This also helped a stupid trade I had been holding on since Thursday, shorted at 1.9785 closed that at 1.9810 -19pips but who cares after today’s short!
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