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Cable Update (GBPUSD)

  • #62,521
  • Apr 23, 2008 8:28am Apr 23, 2008 8:28am
Price is at a weak Up trend line on the 4
  • #62,522
  • Apr 23, 2008 8:33am Apr 23, 2008 8:33am
Boy,was that an understatement.

Quoting hard1head1
Yhis is looking more and more like one of those moves that just kinda trickles down 100 or so thruout the day.
  • #62,523
  • Apr 23, 2008 8:33am Apr 23, 2008 8:33am
Quoting nAVIN2007
what worris me is the weekly chart has such strong bearish formation like the start of a downtrend, yet i keep thinking long..i just cant imagine the pound lossing so much strength against such a weak currency ..how long can we actually go ..
Thats your BIGGEST mistake there Nav, stop thinking what you think will happen and do what the market is doing or else kiss your capital goodbye!!
  • #62,524
  • Apr 23, 2008 8:33am Apr 23, 2008 8:33am
It's like watching a Featherweight boxing a Heavyweight.

Only in this case, the Heavyweight's going down.

Current strength below
Attached Image
  • #62,525
  • Apr 23, 2008 8:34am Apr 23, 2008 8:34am
Quoting kenari05
i am riding cable down from 19920.... wish me best

Best of luck... Hope it goes further.... Not sure if to enter short now.
PIPS AND PIPS ONLY... + OF COURSE
  • #62,526
  • Apr 23, 2008 8:38am Apr 23, 2008 8:38am
Quoting AmeriTrini
Thats your BIGGEST mistake there Nav, stop thinking what you think will happen and do what the market is doing or else kiss your capital goodbye!!
definately bro! ...im long at 1.9786
  • #62,527
  • Apr 23, 2008 8:39am Apr 23, 2008 8:39am
Quoting priceaction
It's like watching a Featherweight boxing a Heavyweight.

Only in this case, the Heavyweight's going down.

Current strength below
lmao ..yes and no referee
  • #62,528
  • Apr 23, 2008 8:40am Apr 23, 2008 8:40am
Quoting nAVIN2007
definately bro! ...im long at 1.9786

LONG?? WHY???

OMG!!
  • #62,529
  • Apr 23, 2008 8:40am Apr 23, 2008 8:40am
If I was long here I would have my stop beyond 1.9730, Nav.

Quoting nAVIN2007
definately bro! ...im long at 1.9786
  • #62,530
  • Apr 23, 2008 8:42am Apr 23, 2008 8:42am
Quoting hard1head1
If I was long here I would have my stop beyond 1.9730, Nav.

ohh good one, good one!!!
its like you are reading my mind!!


  • #62,531
  • Apr 23, 2008 8:43am Apr 23, 2008 8:43am
Quoting AmeriTrini
LONG?? WHY???

OMG!!
i expected a bounce......cause of weekly s1 level.. anyway i exited already just incase ..might go further a bit but i doubt it...
i just wanna get entry right ..

we have 61% fib also weekly s1 level and daily range and trendline
Attached Image (click to enlarge)
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  • #62,532
  • Apr 23, 2008 8:43am Apr 23, 2008 8:43am
Got to go guys and Gals....Sede you on the flip
  • #62,533
  • Apr 23, 2008 8:46am Apr 23, 2008 8:46am
Quoting nAVIN2007
definately bro! ...im long at 1.9786
I can understand why you're long but, myself, I would have closed out my short at around 1.9770 (as I posted the level before) and then waited for some more confirmations of a possible end of the trend down.

Then again, I got whipsawed enough this morning. So I can't speak much at the moment.
The quality of your life is brought about by the quality of your thinking.
  • #62,534
  • Apr 23, 2008 8:49am Apr 23, 2008 8:49am
We seem to be respecting daily S1 at the moment, which has subsequently turned into resistance. I hope it stays that way!!
  • #62,535
  • Apr 23, 2008 8:53am Apr 23, 2008 8:53am
nice bounces off the 10 ema on 5m all morning.. easy trading.
USD Est Non Mortuus
  • #62,536
  • Apr 23, 2008 9:14am Apr 23, 2008 9:14am
Keeping my long at 1.9828... also have market buy order in for 1.9750 if it should reach it.... maybe will.... happy trading. c u later
  • #62,537
  • Apr 23, 2008 9:14am Apr 23, 2008 9:14am
Quoting LuckyLurker
nice bounces off the 10 ema on 5m all morning.. easy trading.
what you see my friend
Grasp all lose all
  • #62,538
  • Apr 23, 2008 9:21am Apr 23, 2008 9:21am
Quoting AmeriTrini
Thats your BIGGEST mistake there Nav, stop thinking what you think will happen and do what the market is doing or else kiss your capital goodbye!!
Thats what I keep trying to tell him and others, jump on the current direction and hold it till the direction either changes or becomes flat.

Sadly, most people human brains don't work that way, i find it hard to make mine work that way too, that is the hurdle to conquer to be truely profitable.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #62,539
  • Apr 23, 2008 9:21am Apr 23, 2008 9:21am
It's showing signs of finally finding its settle point.. will prob test 9777 - 75 once more before retreating to the WP. I'm out and just watching now.
USD Est Non Mortuus
  • #62,540
  • Apr 23, 2008 9:30am Apr 23, 2008 9:30am
Quoting Turveyd
Thats what I keep trying to tell him and others, jump on the current direction and hold it till the direction either changes or becomes flat.

Sadly, most people human brains don't work that way, i find it hard to make mine work that way too, that is the hurdle to conquer to be truely profitable.
but my entery was perfect as u can see ....pin point ..and confluence of factors ...pity i exit thou ......lol but im still learning and i value his knowledge and experience so am happy to take that chance, but it was excellent entery
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