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Cable Update (GBPUSD)

  • #64,141
  • May 5, 2008 5:30am May 5, 2008 5:30am
inside view....lol

seems the dotted line maybe acting as resistance now ....but seems to have pentrated it ..could this be a bounce?
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  • #64,142
  • May 5, 2008 5:35am May 5, 2008 5:35am
Quoting Runway Trade
Trying hard to break 1.9700. Dont jump in too quick will get a pullback first
What guesses on how far it will drop?

Here's my mess - if it breaches 19700, then might breach the yellow uptrend line (which was already breached 3 days ago).

Punting for 19624..
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Darkness lies one inch ahead..
  • #64,143
  • May 5, 2008 5:35am May 5, 2008 5:35am
i hope its goes up, or i gonner lose £70
  • #64,144
  • May 5, 2008 5:43am May 5, 2008 5:43am
Quoting tim1234
i hope its goes up, or i gonner lose £70
it closed under the dotted line for now so still looking down for now ...

timberrrrrrrr its started to drop ...
  • #64,145
  • May 5, 2008 5:47am May 5, 2008 5:47am
Quoting TraderJR
What guesses on how far it will drop?

Here's my mess - if it breaches 19700, then might breach the yellow uptrend line (which was already breached 3 days ago).

Punting for 19624..
Not far off. I got an outer trendline comming up around 1.9630 give or take a pip
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  • #64,146
  • May 5, 2008 5:49am May 5, 2008 5:49am
I am short 1.9710
  • #64,147
  • May 5, 2008 5:51am May 5, 2008 5:51am
My 1st Tp is 9680 & 9627 is my 2 nd. Been short from 9760
  • #64,148
  • May 5, 2008 5:53am May 5, 2008 5:53am
1.9675 and 1.9620

now trailing the remaining half of my short
The quality of your life is brought about by the quality of your thinking.
  • #64,149
  • May 5, 2008 5:53am May 5, 2008 5:53am
Nothing grinds my gears more than someone posting something like Long, Long or Short, Short. Comments please, does anyone else agree??
  • #64,150
  • May 5, 2008 5:54am May 5, 2008 5:54am
Looks like we are seeing about the same thing, Hornet. Nice to see the confirmation.


Quoting hornet
1.9675 and 1.9620

now trailing the remaining half of my short
  • #64,151
  • May 5, 2008 5:54am May 5, 2008 5:54am
Quoting hard1head1
Nothing grinds my gears more than someone posting something like Long, Long or Short, Short. Comments please, does anyone else agree??
I second that
The quality of your life is brought about by the quality of your thinking.
  • #64,152
  • May 5, 2008 5:57am May 5, 2008 5:57am
Quoting hard1head1
Looks like we are seeing about the same thing, Hornet. Nice to see the confirmation.
yes, I went short at 1.9776 and closed half of my short at the break of friday's low. i will close some more at around 1.9675 (not sure yet, need to see what it looks like down there) and keep the others for a free ride
The quality of your life is brought about by the quality of your thinking.
  • #64,153
  • May 5, 2008 6:00am May 5, 2008 6:00am
Quoting hard1head1
My 1st Tp is 9680 & 9627 is my 2 nd. Been short from 9760
Nice entry I was watching that on my laptop driving to work. hope it goes all the way
  • #64,154
  • May 5, 2008 6:01am May 5, 2008 6:01am
Good morning guys,

I belive, even with US bad news today, cable will still going down.

I missed the entry @ the retracement of the AB=CD, is ok, shorting now is more important because the "long run target" mentioned before in my charts.

Short is my call. Lest see.
  • #64,155
  • May 5, 2008 6:02am May 5, 2008 6:02am
Quoting Runway Trade
I am short 1.9710

fantastic entery buddy ...i think that exactly where the line got tested...i dont think u could have entered at a better place...

entering a congestion are no thou
  • #64,156
  • May 5, 2008 6:02am May 5, 2008 6:02am
Yea, but we cant ignore those bearish candle formations we got on the 1 & 4 Hr T/F's. The Tweezer Tops on the 1 and the nice bearish Evening star forming on the 4 Hr. We may go for awhile. See below.

Quoting hornet
yes, I went short at 1.9776 and closed half of my short at the break of friday's low. i will close some more at around 1.9675 (not sure yet, need to see what it looks like down there) and keep the others for a free ride
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  • #64,157
  • May 5, 2008 6:07am May 5, 2008 6:07am
Quoting hard1head1
Yea, but we cant ignore those bearish candle formations we got on the 1 & 4 Hr T/F's. The Tweezer Tops on the 1 and the nice bearish Evening star forming on the 4 Hr. We may go for awhile. See below.

those tweezer tops were a great sell signal right at resistance too..great entery bro ...i missed it as usaul....lol
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  • #64,158
  • May 5, 2008 6:14am May 5, 2008 6:14am
Quoting hard1head1
Yea, but we cant ignore those bearish candle formations we got on the 1 & 4 Hr T/F's. The Tweezer Tops on the 1 and the nice bearish Evening star forming on the 4 Hr. We may go for awhile. See below.
Agreed on the 1hr formations even though my map is the 30mins and I use the 5mins for better entries.
The quality of your life is brought about by the quality of your thinking.
  • #64,159
  • May 5, 2008 6:22am May 5, 2008 6:22am
Quoting hard1head1
My 1st Tp is 9680 & 9627 is my 2 nd. Been short from 9760
When u close 1st TP, do u trail stop?

tia
Darkness lies one inch ahead..
  • #64,160
  • May 5, 2008 6:25am May 5, 2008 6:25am
Nothing is telling me to close, for now. ..Waiting waiting
The quality of your life is brought about by the quality of your thinking.
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