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Cable Update (GBPUSD)

  • #65,981
  • May 14, 2008 10:01am May 14, 2008 10:01am
Quoting scyang
It sure is erractic to say the least. It's got a mind of its own.
nobody can trade this, whipsaw everywhere either u position trade or scalp, day trading of daily out of the window rediculious
  • #65,982
  • May 14, 2008 10:01am May 14, 2008 10:01am
long @ 9409
USD Est Non Mortuus
  • #65,983
  • May 14, 2008 10:02am May 14, 2008 10:02am
Quoting uncleforex
But this g/u is not giving up yet.

We might make a new low soon.
I dont think so, its just testing the previous low.
  • #65,984
  • May 14, 2008 10:12am May 14, 2008 10:12am
Quoting LuckyLurker
long @ 9409
Good call at 10.40, that is where I would have exited my short from 1.9456.
The quality of your life is brought about by the quality of your thinking.
  • #65,985
  • May 14, 2008 10:16am May 14, 2008 10:16am
This is me for the day, no more looking at charts.

Aye Aye guys
The quality of your life is brought about by the quality of your thinking.
  • #65,986
  • May 14, 2008 10:17am May 14, 2008 10:17am
Quoting LuckyLurker
long @ 9409
NICE!!
  • #65,987
  • Edited 10:20am May 14, 2008 10:20am | Edited 10:20am
Quoting LuckyLurker
long @ 9409
Nice. How far will cable run up to? Don't see any turn in the general down trend
Expected the unexpected
  • #65,988
  • May 14, 2008 10:26am May 14, 2008 10:26am
Quoting scyang
Nice. How far will cable run up to? Don't see any turn in the general down trend
9550's seems reasonable, but should offer another chance at an entry at my level or lower (93xx). Might get snagged at 9485..
USD Est Non Mortuus
  • #65,989
  • May 14, 2008 10:26am May 14, 2008 10:26am
Quoting scyang
Nice. How far will cable run up to? Don't see any turn in the general down trend

how far oops long is a piece of string?4hr candle close making a moring star and this might breakout even..
  • #65,990
  • May 14, 2008 10:29am May 14, 2008 10:29am
Quoting nAVIN2007
how far oops long is a piece of string?
This might be your chance, Nav. Hope it run up good.
Expected the unexpected
  • #65,991
  • May 14, 2008 10:33am May 14, 2008 10:33am
Ok the daily charts say this is decision time for cable - all those experts who have been predicting 1.82 will either see their careers confirmed or get their noses rubbed in it

There is a limit to everything and the euro is screamingly high and the tourist trade in spain/canaries etc is dying from exchange rate with cable. What happens then is that forces naturaly equalise the rate

But we need to see the daily capitulating and going below 1.9350 before I can believe it - if it does I will be selling any bounce

Bought my house/car/motorbike in the US and there are no more necessities in life apart from 2 pussy cats , so i hope to repatriate my excess USD dosh to the UK at 1.82 (bought at 2.04) and stick it in the Bank of Scotland 6.76% fixed rate account. Why buy shares when I can get that rate on cash unless the UK is headed for hyper inflation - isnt this all fun....

Now that I have a reason for cable to go down, watch it go 2.10 !
  • #65,992
  • May 14, 2008 10:33am May 14, 2008 10:33am
Quoting scyang
This might be your chance, Nav. Hope it run up good.
once people see 4 hr close they will be thinking long and not short..hopefully
  • #65,993
  • May 14, 2008 10:35am May 14, 2008 10:35am
Quoting allserene
Ok the daily charts say this is decision time for cable - all those experts who have been predicting 1.82 will either see their careers confiirmed or get their noses rubbed in it

There is a limit to everything and the euro is screamingly high and the tourist trade in spain/canaries etc is dying from exchange rate with cable. What happens then is that forces naturaly equalise the rate

But we need to see the daily capitulating and going below 1.9350 before I can believe it - if it does I will be selling any bounce

Bought my house/car/motorbike in the US and there are no more necessities in life apart from 2 pussy cats , so i hope to repatriate my excess USD dosh to the UK at 1.82 (bought at 2.04) and stick it in the Bank of Scotland 6.76% fixed rate account. Why buy shares when I can get that rate on cash unless the UK is headed for hyper inflation - isnt this all fun....

Now that I have a reason for cable to go down, watch it go 2.10 !
lol
  • #65,994
  • May 14, 2008 10:42am May 14, 2008 10:42am
When i was short it hit my SL
now i'm long don't wanna move up
to where??
  • #65,995
  • May 14, 2008 10:47am May 14, 2008 10:47am
Quoting scyang
Nice. How far will cable run up to? Don't see any turn in the general down trend
Well ill look to buy the retrace or break of the daily pin if price remains at this level and prints.
I reckon price will close around here and that makes a very nice candle.
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  • #65,996
  • May 14, 2008 10:48am May 14, 2008 10:48am
Quoting egkid
When i was short it hit my SL
now i'm long don't wanna move up
to where??

theres daily pivot and 62 ema here causing problems ..u should have waited till this was crossed as this could be a turning point but im have to be optimistic as i have 3 longs and still negative...

i know man , im one to talk
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  • #65,997
  • May 14, 2008 10:50am May 14, 2008 10:50am
dollar seems to be gaining some strength specially against commodities
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #65,998
  • May 14, 2008 11:01am May 14, 2008 11:01am
Sorry Nav get ready for a big fall in cable, why, yes you guessed it I am getting ready to go long 11 crossing 21, on 15M testing top side of 5m smoothy. Jusy waiting for that up trendline to be broken, so get ready
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  • #65,999
  • May 14, 2008 11:04am May 14, 2008 11:04am
Quoting Runway Trade
Sorry Nav get ready for a big fall in cable, why, yes you guessed it I am getting ready to go long 11 crossing 21, on 15M testing top side of 5m smoothy. Jusy waiting for that up trendline to be broken, so get ready


check this out i think amertrini sees things so quickly, i do believe that was the bottom as well ...thats means this actually could turn out to a fantastic trade ...apart from buying in the wrong places ....
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  • #66,000
  • May 14, 2008 11:42am May 14, 2008 11:42am
Just adding a bit of detail re Previous swing Hi and lo areas to the weekly chart nav posted above, you can see that this 9175-9349 area is a potential support zone on that chart, more 9375-9335 on Daily chart.

Ascending Support trend lines and now decsending channel lines are being breeched on all time frames down to the current intraday lows today at 9362, but the support zones might save anyone's longs if only for an extended pull-back ? Good luck.
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