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Cable Update (GBPUSD)

  • #63,341
  • Apr 30, 2008 1:01am Apr 30, 2008 1:01am
this is why i wasnt happy with the long...we had several formations on daily and also on weekly chart to suggest reluctance to move up..was never happy wit the long which is why i was thinking massive SL around 1.93 area..

glad a cash in yesterday for a £5 ....lol as for sure im SL would have been hit..after reviewing it to SL 100 pips away ..

we broke that bold line so now that will be where the sl GOES. it looks short now but this movement down has to come with a retracement surely ...now i think it a waiting game
  • #63,342
  • Apr 30, 2008 1:04am Apr 30, 2008 1:04am
Quoting nAVIN2007
this is why i wasnt happy with the long...we had several formations on daily and also on weekly chart to suggest reluctance to move up..was never happy wit the long which is why i was thinking massive SL around 1.93 area..

glad a cash in yesterday for a £5 ....lol as for sure im SL would have been hit..

we broke that bold line so now that will be where the sl GOES. it looks short now but this movement down has to come with a retracement surely ...now i think it a waiting game
the retracement will come soon unless dollar gains a lot of strength.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #63,343
  • Apr 30, 2008 1:06am Apr 30, 2008 1:06am
long cable long...
its just money
  • #63,344
  • Apr 30, 2008 1:06am Apr 30, 2008 1:06am
Quoting salah k.
the retracement will come soon unless dollar gains a lot of strength.
i doubt it u know ...today is very important bro...there been massive indecisions trader want a direction..big players will have shorted all the sign are there on daily..i just need have faith to believe i actually got it right, trust me this is going to sink

weekly chart evening star....plenty of rejection to high levels shown on daily....the chart say we in a downtrend and trends dont change quickly either

1.9486 is possible end of week
  • #63,345
  • Apr 30, 2008 1:09am Apr 30, 2008 1:09am
Quoting nAVIN2007
i doubt it u know ...today is very important bro...there been massive indecisions trader want a direction..big players will have shorted all the sign are there on daily..i just need have faith to believe i actually got it right, trust me this is going to sink

weekly chart evening star....plenty of rejection to high levels shown on daily....the chart say we in a downtrend and trends dont change quickly either
i know bro im in short
but after news we will see a retracement.
it cant keep falling
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #63,346
  • Apr 30, 2008 1:11am Apr 30, 2008 1:11am
Quoting salah k.
i know bro im in short
but after news we will see a retracement.
it cant keep falling

it might if people want a direction, retracement means we back to indecision...no mans land again
  • #63,347
  • Apr 30, 2008 1:13am Apr 30, 2008 1:13am
Quoting nAVIN2007
it might if people want a direction, retracement means we back to indecision...no mans land again
no bro retracement means that people are cashing in on some of there profits and waiting for another high to sell from.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #63,348
  • Apr 30, 2008 1:14am Apr 30, 2008 1:14am
guys dont mess with shorts below the 19666, if not scalping, it might cost u big money...
its just money
  • #63,349
  • Apr 30, 2008 1:16am Apr 30, 2008 1:16am
Quoting de123
long cable long...
really i also think about it but waiting for confirmation
  • #63,350
  • Apr 30, 2008 1:20am Apr 30, 2008 1:20am
Quoting salah k.
no bro retracement means that people are cashing in on some of there profits and waiting for another high to sell from.
u will see...
  • #63,351
  • Apr 30, 2008 1:25am Apr 30, 2008 1:25am
Quoting deboooo2005
really i also think about it but waiting for confirmation
well i closed my longs,..and long the euro,..i got a big problem with the waiting...:
its just money
  • #63,352
  • Apr 30, 2008 1:28am Apr 30, 2008 1:28am
Quoting de123
well i closed my longs,..and long the euro,..i got a big problem with the waiting...:
What makes you think euro is going up? Can you give your analysis?
Expected the unexpected
  • #63,353
  • Apr 30, 2008 1:29am Apr 30, 2008 1:29am
What's the problem with cable. It is still going up. Where does it mean to go?
Expected the unexpected
  • #63,354
  • Apr 30, 2008 1:34am Apr 30, 2008 1:34am
Quoting scyang
What makes you think euro is going up? Can you give your analysis?
lol but if EUR is going up then this will follow...actually we might go up now ...its hit my 4 hr trendline bottom and looks like it might be a bounce..

either it bounces or breaks thats bottom line...will be interesting to se what happens
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  • #63,355
  • Apr 30, 2008 1:39am Apr 30, 2008 1:39am
Quoting nAVIN2007
lol but if EUR is going up then this will follow...actually we might go up now ...its hit my 4 hr trendline bottom and looks like it might be a bounce..
Well euro is going down. So cable going down too? But cable hasn't moved much.
Expected the unexpected
  • #63,356
  • Apr 30, 2008 1:41am Apr 30, 2008 1:41am
Quoting nAVIN2007
lol but if EUR is going up then this will follow...actually we might go up now ...its hit my 4 hr trendline bottom and looks like it might be a bounce..
how about GBPUSD it's going to south or north?
always spike up n down
  • #63,357
  • Apr 30, 2008 1:47am Apr 30, 2008 1:47am
I think its going North after its break 1.9680....clear all the way....i hope so
  • #63,358
  • Apr 30, 2008 1:48am Apr 30, 2008 1:48am
Hey guys,

GBP at it lowest on my H1 monthly chart. Very strong support here.... Heading up again soon to at least 1.9800 area...
  • #63,359
  • Apr 30, 2008 1:51am Apr 30, 2008 1:51am
Quoting Ultraman
how about GBPUSD it's going to south or north?
always spike up n down
we in a downtrend so going up is very difficult...guessing a bottom i hate ..so far no confirmation, if i get a chance i might buy right on the line and hope for the best...

keeping SL very tight.....

bullish engulfing pattern on 30 minutes but i dont trust it ..lol
  • #63,360
  • Apr 30, 2008 1:54am Apr 30, 2008 1:54am
Quoting DJ4x
Hey guys,

GBP at it lowest on my H1 monthly chart. Very strong support here.... Heading up again soon to at least 1.9800 area...
be careful with GBP right now. Not a good idea to be in a market prone to mood swings prior to FOMC and with the 2 weakest pairs right now
Don't chase the market, Let the market come to you
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