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Cable Update (GBPUSD)

  • #65,821
  • May 14, 2008 4:21am May 14, 2008 4:21am
Quoting uncleforex
OK

we could go to 1.9200s
And maybe some more
The quality of your life is brought about by the quality of your thinking.
  • #65,822
  • May 14, 2008 4:22am May 14, 2008 4:22am
If you downloaded the template I offered and kept your stop behind the smoothy you would still be in taking profit and could be trading this triangle.

Jim

Quoting hornet
oh yes but, in a small TF it might retrace to about 1.9500. Then again, anything can happen. This is why it's so good to trade the forex.
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  • #65,823
  • May 14, 2008 4:27am May 14, 2008 4:27am
I know, I know this is for another thread. But I wanted to show you all how smooth and easy this pair is to trade. 2 nice bounces over 100 pips.
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  • #65,824
  • May 14, 2008 4:34am May 14, 2008 4:34am
That was fast!!!

Hit my TPs

Easy money.

Might reenter when it tests the support which is now resistance.
  • #65,825
  • May 14, 2008 4:35am May 14, 2008 4:35am
Couldn't stand the pressure and bounced off the bottom of Carrera's wedge.
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  • #65,826
  • May 14, 2008 4:36am May 14, 2008 4:36am
Sorry Nav hedge or get out! This thing is going down
  • #65,827
  • May 14, 2008 4:37am May 14, 2008 4:37am
All it took was a little more bad news. LOL
  • #65,828
  • May 14, 2008 4:38am May 14, 2008 4:38am
Why do we try to hold long against the trend. Comon Nav, ole buddy

Quoting Runway Trade
Sorry Nav hedge or get out! This thing is going down
  • #65,829
  • May 14, 2008 4:39am May 14, 2008 4:39am
Quoting Runway Trade
Sorry Nav hedge or get out! This thing is going down
Easy, easy. This is volatility playing at best. It came back up. Just hang on.
Expected the unexpected
  • #65,830
  • May 14, 2008 4:39am May 14, 2008 4:39am
Holy smokes....

I was wrong !
The quality of your life is brought about by the quality of your thinking.
  • #65,831
  • May 14, 2008 4:40am May 14, 2008 4:40am
This maybe a rough ride, but many of you may not have a choice right now. Either hang on or get out at a loss. Hopefully this thing will get up to 1.95 later.
Expected the unexpected
  • #65,832
  • May 14, 2008 4:40am May 14, 2008 4:40am
9383, 9358 & 9332 Testing the back side of S1 Pivot
  • #65,833
  • May 14, 2008 4:41am May 14, 2008 4:41am
Looks like a triple bottom on the daily, doesn't it? Sure seems pretty close to the 12 month low.
  • #65,834
  • May 14, 2008 4:43am May 14, 2008 4:43am
Thanks for that bit of knowledge. Yea, but I believe we can break it this morning.


Quoting Subdude
Looks like a triple bottom on the daily, doesn't it? Sure seems pretty close to the 12 month low.
  • #65,835
  • May 14, 2008 4:44am May 14, 2008 4:44am
It has already moved up off of a tri top once, check it out.


Quoting hard1head1
Thanks for that bit of knowledge. Yea, but I believe we can break it this morning.
  • #65,836
  • May 14, 2008 4:44am May 14, 2008 4:44am
Quoting hard1head1
9358 & 9332 Testing the back side of S1 Pivot
I have 1.9360 and 1.9335

Will look into buying triggers. I really believed on it going up to 1.9500 and then down here. I would have sold again up there......

change of plan then, might buy first and then sell
The quality of your life is brought about by the quality of your thinking.
  • #65,837
  • May 14, 2008 4:45am May 14, 2008 4:45am
Quoting scyang
Easy, easy. This is volatility playing at best. It came back up. Just hang on.
Still hanging on in there, but feeling the heat and tempted to get out.
"The trend is your friend, until the end."
  • #65,838
  • May 14, 2008 4:45am May 14, 2008 4:45am
H4 open below 1.9430. Oh my.... may huge fall. Navin you should do something !
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I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #65,839
  • May 14, 2008 4:46am May 14, 2008 4:46am
Looking for the 9389 low to hold here
  • #65,840
  • May 14, 2008 4:48am May 14, 2008 4:48am
Quoting manize
H4 open below 1.9430. Oh my.... may huge fall. Navin you should do something !
I hope you are sure it will blast downward if you are calling people to get out at a loss. Don't mean it in a negative way. I just know some people are losing some serious money here. This is too rough for my style. What can ppl do? Get out and turn around and short?
Expected the unexpected
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