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Cable Update (GBPUSD)

  • #64,921
  • May 9, 2008 2:23am May 9, 2008 2:23am
Quoting Runway Trade
Long 1.9495 & 1.9527!! 4 bounce on 1.9500
Closed +35 & +7 chickend out
  • #64,922
  • May 9, 2008 2:25am May 9, 2008 2:25am
Quoting Runway Trade
Long 1.9495 & 1.9527!! 4 bounce on 1.9500
Good job on picking that bottom! My ultimate TP is at 1.978. I'll be moving my SL loss up along the way. I've already moved it 2 pips in front of my entry. Call me a puss, I don't care, at least I'll leave with $20 in the worst case
  • #64,923
  • May 9, 2008 2:27am May 9, 2008 2:27am
I hope so
Jesus Christ is my only Lord !
  • #64,924
  • May 9, 2008 2:43am May 9, 2008 2:43am
2.07 here we come!
  • #64,925
  • May 9, 2008 2:51am May 9, 2008 2:51am
Can't find a decent entry to short on this retracement
The quality of your life is brought about by the quality of your thinking.
  • #64,926
  • May 9, 2008 2:55am May 9, 2008 2:55am
Quoting Clouds
2.07 here we come!
If I Go Broke Trying Then I Will die happy.
  • #64,927
  • May 9, 2008 2:56am May 9, 2008 2:56am
i did something stupid woke and now in a hedge...
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  • #64,928
  • May 9, 2008 3:02am May 9, 2008 3:02am
you can't miss a day.
If I Go Broke Trying Then I Will die happy.
  • #64,929
  • May 9, 2008 3:07am May 9, 2008 3:07am
Quoting Moe
you can't miss a day.
im hedged and stuck at £30 and i think at least test the 1.9500 area once more then up! i think ....

theres diverence on 15 minute chart it looks to me as if its still downward despite the bounce man i hope we test it again and bet a bounce up otherwise i holding for 1 month....

actually is just me or is cable just another way to lose money quick ..erattic or what?
  • #64,930
  • May 9, 2008 3:21am May 9, 2008 3:21am
Quoting Clouds
2.07 here we come!
Posibble, But...

When?

What month?

What year?
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  • #64,931
  • May 9, 2008 3:24am May 9, 2008 3:24am
Quoting Carrera
Posibble, But...

When?

What month?

What year?
I see it on my charts, its in trend line. in Weekly, Jan 08, it broke through support trendline. Support trendline is now resistance. My belief is that we bounced off the new support trendline.
  • #64,932
  • May 9, 2008 3:28am May 9, 2008 3:28am
Quoting Clouds
I see it on my charts, its in trend line. Could be next month.
Well, just about 1,200 pips to go!

Don't you think is a bit early post that in a intraday room?
  • #64,933
  • May 9, 2008 3:37am May 9, 2008 3:37am
Quoting Clouds
I see it on my charts, its in trend line. in Weekly, Jan 08, it broke through support trendline. Support trendline is now resistance. My belief is that we bounced off the new support trendline.
You are talking about long term direccion, right?

According to that, long is the trend @ long term point of view, is that what you saying?
  • #64,934
  • May 9, 2008 3:39am May 9, 2008 3:39am
Quoting Carrera
You are talking about long term direccion, right?

According to that, long is the trend @ long term point of view, is that what you saying?
Yeah... but that doesn't mean I'll hold it that long...
  • #64,935
  • May 9, 2008 3:50am May 9, 2008 3:50am
Quoting Clouds
Yeah... but that doesn't mean I'll hold it that long...
infact i think in two-three weeks or so we should see a test of the 2.00 levels before heading down again..
  • #64,936
  • May 9, 2008 4:12am May 9, 2008 4:12am
I think it's going to bounce up here, but I don't see it making it back to 2.00 for a long time. I think the highest it goes is around 1.98 and then down again. Right now, the 1.9500 exotic option barrier has been broken, but there is another exotic option barrier between 1.9480-1.9490 that it will probably bounce off two or three times before heading down. Also, there an option rolled out yesterday in NY at 1.9600- so we could possibly ping-pong between 1.9495 and 1.96

That said, the news coming of England hasn't been good lately and next week looked like some important things coming out for England. Unless the news comes out really great- I don't see it getting past 1.9800 anytime soon.

My non-expert opinion: it will go up, but it doesn't have much steam- so it might reverse at 1.9595. If somehow it picks up steam (such as some middle eastern /european player buys big) and breaks the 1.96 mark- then it goes to 1.98.

However, if I'm wrong and it does get to 2.00 and I'm still holding this position. I'll send each of you money to buy a beer on me
  • #64,937
  • May 9, 2008 4:20am May 9, 2008 4:20am
Do you inject that, or just smoke it. We will not go any higher today, unless news surprises, and even then 9600 is about it. You guys still ignoring that daily chart arent you.


Quoting Clouds
2.07 here we come!
  • #64,938
  • May 9, 2008 4:22am May 9, 2008 4:22am
Hey Nav, you there. Turn on your Yahoo IM
  • #64,939
  • May 9, 2008 4:30am May 9, 2008 4:30am
Look where we bounced today on the daily channel. We could still easily see 1.9730 today
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  • #64,940
  • May 9, 2008 4:36am May 9, 2008 4:36am
Quoting hard1head1
Do you inject that, or just smoke it. We will not go any higher today, unless news surprises, and even then 9600 is about it. You guys still ignoring that daily chart arent you.
Hahahaha- injecting is for junkies- puff puff pass.

I hope I'm dead wrong- I hope cloud is dead right and it goes to 2.07. I'll hold this position, collect interest, and do some scalping/trading on the way up. I'm long, so if I'm wrong I'm happier than being right
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