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Cable Update (GBPUSD)

  • #65,181
  • May 12, 2008 3:46am May 12, 2008 3:46am
doesnt want to pullback..

approaching R1 and Weekly pivot.

breaking through as I type this....

in 9567
  • #65,182
  • May 12, 2008 3:49am May 12, 2008 3:49am
Damn, inflation is sky high in the UK, wonder what that could mean?...........
  • #65,183
  • May 12, 2008 3:51am May 12, 2008 3:51am
Quoting nAVIN2007
moe moe moe ...
finally.. HAPPY ENDING!

  • #65,184
  • May 12, 2008 3:52am May 12, 2008 3:52am
took +20 pips. will wait for pullback.
  • #65,185
  • May 12, 2008 3:52am May 12, 2008 3:52am
I would like to go to 1.61 please. (From the high of the 8th) Just broke the top of the 30M smoothy. Will it retest and then carry on north??
  • #65,186
  • May 12, 2008 3:54am May 12, 2008 3:54am
Hi guy's any comments up to where this long going to reach?
  • #65,187
  • May 12, 2008 3:57am May 12, 2008 3:57am
Quoting Pyramus
Hi guy's any comments up to where this long going to reach?
could break lower channel at 1.96 and stop or go as high as 4hr UTL at 1.9750/1.98
  • #65,188
  • May 12, 2008 3:58am May 12, 2008 3:58am
Quoting Pyramus
Hi guy's any comments up to where this long going to reach?

asumming we pass here i reckon 1,9679 area
  • #65,189
  • May 12, 2008 3:59am May 12, 2008 3:59am
Quoting ns_karthik77
something tells me GU is gonna go down further....two reasons...it has not yet broken the once huge support, now huge resistance at 1.9500.....and second, just my gut feel abt the market...now lets see how good my gut feel is...

so much for my gut feel...huh...
  • #65,190
  • May 12, 2008 4:03am May 12, 2008 4:03am
Quoting akirax
could break lower channel at 1.96 and stop or go as high as 4hr UTL at 1.9750/1.98
Do you think GBP has that much momentum to reach 1.9750/1.98? Not much
upcoming news except for the US monthly budget statement.
  • #65,191
  • May 12, 2008 4:07am May 12, 2008 4:07am
Quoting ns_karthik77
so much for my gut feel...huh...
nobody can get it right always buddy ...this market is loopy.......u just dont know whether to look for retracements or bounces of channel lines...kinda need a fundamental approach which is impossible cause even the fundamentalist are not knowing whats happening ...

but there volatility and high wave candles going up and down so this is why i kept the long as i knew it would go back up...took a chance and lucky it went up...
  • #65,192
  • May 12, 2008 4:08am May 12, 2008 4:08am
stranger things have happened in the forex.

I've seen positive news come out on the GBP and it go up to its nearest resistance point (20 pips or so) and then reverse for 100+ pips...yet news was extremely positivie....

there is some GBp news at 7pm EST today...who knows.
  • #65,193
  • May 12, 2008 4:22am May 12, 2008 4:22am
Quoting Runway Trade
Moe never gives any advice, analysis or direction. Only sarcasm, criticism and negativity....who needs that!
At least Nav is trying to contribute and show his thinking!
must be helping you in your trading.
If I Go Broke Trying Then I Will die happy.
  • #65,194
  • May 12, 2008 4:24am May 12, 2008 4:24am
Quoting Runway Trade
Is this really called for!!!! Rather give analysis then criticism!
If I Go Broke Trying Then I Will die happy.
  • #65,195
  • May 12, 2008 4:26am May 12, 2008 4:26am
The chart can speak

http://img375.imageshack.us/img375/8576/guce6.gif
Trade what you see, not what you think.
  • #65,196
  • May 12, 2008 4:27am May 12, 2008 4:27am
Nav made a lot of mistakes in the way he handled this long trade and some posts he did but he's only learning and, doing it the hardest way....

Criticism is good but it needs to be constructive
The quality of your life is brought about by the quality of your thinking.
  • #65,197
  • May 12, 2008 4:30am May 12, 2008 4:30am
On my charts i've got Cable on the Upper Bollinger Band, indicating it may well be time to sell and the ADX has just passed 25 on the way down which is showing its the end of the trend for now.
"The trend is your friend, until the end."
  • #65,198
  • May 12, 2008 4:33am May 12, 2008 4:33am
Quoting ForexRookie
On my charts i've got Cable on the Upper Bollinger Band, indicating it may well be time to sell and the ADX has just passed 25 on the way down which is showing its the end of the trend for now.
That bollinger band and adx will probably send you broke if you pay attention to that bro, TRADE NAKED!!!!

  • #65,199
  • Edited 5:04am May 12, 2008 4:35am | Edited 5:04am
Nice jump. A last week hold long 1.9598, TP 1.9651. Change Stop Loss from 1.9430 to 1.9560.
Attached Image
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #65,200
  • May 12, 2008 4:36am May 12, 2008 4:36am
Quoting hornet
Nav made a lot of mistakes in the way he handled this long trade and some posts he did but he's only learning and, doing it the hardest way....

Criticism is good but it needs to be constructive
he's on his way.
If I Go Broke Trying Then I Will die happy.
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