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Cable Update (GBPUSD)

  • #65,381
  • May 12, 2008 12:56pm May 12, 2008 12:56pm
Quoting salah k.
speaking of unpredictable disasters
US destroyers are in our seas

makes me wonder is Lebanon the sequel of the Iraq war.

wish us luck guys because this looks like a problem we can't back out from.
you live in middle east? US is really the destroyers in the name of ....this world is upside down, i can't tell the right from wrong.

wish you luck.
  • #65,382
  • May 12, 2008 1:01pm May 12, 2008 1:01pm
1.9678 if we go above this it will break us out of the downtrend, weekly is showing room to move down further 1.93, longs bear this in mind unless im completely wrong which would be good if someone can say?
  • #65,383
  • May 12, 2008 1:05pm May 12, 2008 1:05pm
Quoting maverick
Excellent point, Carrera. Interesting post, indeed.
I think that be too stressed is not good for trading. Is hard to think and see what your charts are telling us. So guys, distract your mind for a while and then sit back again and you will see things that you could not see before. then re-plan your strategy if need it.
Also, if you are scalping, check the lower TFs. I noticed that some of you are worry for positions inside of the natural retracement of all currencies. 4H TF and up will have those retracement of 20, 30 even 40 pips and who knows how much more, but those movement should be considered when you place an orden long or short. What we have to check is the truly reversal before your target is reached. Don't worry about the retracement in 4H TF and up is the direction is correct. hey, I'm not saiying that allways the direction is correct, but big TF are more secure that lower TF. Actualy, we are bouncing off the support line daily, and some of you that are long are dying in that shadow of daily TF. Just relax guys, don't play scalping with big time frame because your nerves will control you.

Good trading to all you.
  • #65,384
  • May 12, 2008 1:09pm May 12, 2008 1:09pm
here's my simple trade on cable. big channel with small channel. With the double head today, i assume the periodical down will follow, wait when the price left the small up channel, if it's only a adjust of up trend, the patterns around the big channel will be different than the real today. it's 5min chart, i only do intraday trade.
Attached Image (click to enlarge)
Click to Enlarge Name: calbe1.GIF Size: 37 KB
  • #65,385
  • May 12, 2008 1:10pm May 12, 2008 1:10pm
Quoting alexcn
here's my simple trade on cable. big channel with small channel. With the double head today, i assume the periodical down will follow, wait when the price left the small up channel, if it's only a adjust of up trend, the patterns around the big channel will be different than the real today.
Something wrong with the chart, can't be open.
  • #65,386
  • May 12, 2008 1:15pm May 12, 2008 1:15pm
Quoting Carrera
Something wrong with the chart, can't be open.
it's my first time attach the chart, gif format, sth wrong? pls tell me how to?
  • #65,387
  • May 12, 2008 1:22pm May 12, 2008 1:22pm
Quoting Infinity
I pray for all those people who are suffering right now. These are very unfortunate times. This is a very sad day...

Bless
very sad day. hope more will be saved.

bless
  • #65,388
  • May 12, 2008 1:26pm May 12, 2008 1:26pm
Quoting Carrera
I think that be too stressed is not good for trading. Is hard to think and see what your charts are telling us. So guys, distract your mind for a while and then sit back again and you will see things that you could not see before. then re-plan your strategy if need it.
Also, if you are scalping, check the lower TFs. I noticed that some of you are worry for positions inside of the natural retracement of all currencies. 4H TF and up will have those retracement of 20, 30 even 40 pips and who knows how much more, but those movement should be considered when you place an orden long or short. What we have to check is the truly reversal before your target is reached. Don't worry about the retracement in 4H TF and up is the direction is correct. hey, I'm not saiying that allways the direction is correct, but big TF are more secure that lower TF. Actualy, we are bouncing off the support line daily, and some of you that are long are dying in that shadow of daily TF. Just relax guys, don't play scalping with big time frame because your nerves will control you.


Good trading to all you.
Just to be clear for me you are saying we are still going up according to 4H TF just in a bit of a retraction now should be moving up later or tomorrow?
  • #65,389
  • May 12, 2008 1:31pm May 12, 2008 1:31pm
Quoting Runway Trade
Just to be clear for me you are saying we are still going up according to 4H TF just in a bit of a retraction now should be moving up later or tomorrow?

we moved up bro ....made a swing high and retraced to 38% fib ...now it should be resume north..towards the icebergs..

that was the retracement but i havent gone long cause theres no volume and i might be wrong ...lol but that what i think or where we at...
  • #65,390
  • May 12, 2008 1:32pm May 12, 2008 1:32pm
Still trying to go up?
Attached Image (click to enlarge)
Click to Enlarge Name: gbp1.gif Size: 15 KB
  • #65,391
  • May 12, 2008 1:35pm May 12, 2008 1:35pm
am I nuts or is there a mojor doucle bottom on the 1 hour
  • #65,392
  • May 12, 2008 1:35pm May 12, 2008 1:35pm
closed my short.

going for dinner
The quality of your life is brought about by the quality of your thinking.
  • #65,393
  • May 12, 2008 1:36pm May 12, 2008 1:36pm
Quoting Runway Trade
Just to be clear for me you are saying we are still going up according to 4H TF just in a bit of a retraction now should be moving up later or tomorrow?
Yes.
  • #65,394
  • May 12, 2008 1:36pm May 12, 2008 1:36pm
Quoting nAVIN2007
we moved up bro ....made a swing high and retraced to 38% fib ...now it should be resume north..towards the icebergs..

that was the retracement but i havent gone long cause theres no volume and i might be wrong ...lol but that what i think or where we at...
Well just 1 more day like today and I will be in the clear. Never to enter as silly as I did, against all my better judgement still not sure for the reasons for that trade. if all else fails I cut my losses tomorrow after London open
  • #65,395
  • May 12, 2008 1:36pm May 12, 2008 1:36pm
please forgive my spelling,it was my first post
  • #65,396
  • May 12, 2008 1:51pm May 12, 2008 1:51pm
Quoting torcuswelby
please forgive my spelling,it was my first post
Spelling is not important, as long as the message gets through
  • #65,397
  • May 12, 2008 2:12pm May 12, 2008 2:12pm
Long at 1.9569
  • #65,398
  • May 12, 2008 2:19pm May 12, 2008 2:19pm
Quoting torcuswelby
am I nuts or is there a mojor doucle bottom on the 1 hour

I choose NUT
I Deeply Love My Virtual Life In Virtual World , RLC
  • #65,399
  • May 12, 2008 2:22pm May 12, 2008 2:22pm
Quoting DJ4x
Long at 1.9569
Why long now? Looks a bit sideways to me?
  • #65,400
  • May 12, 2008 2:37pm May 12, 2008 2:37pm
its all bout the GBP house price data in a few hours time.
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