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Cable Update (GBPUSD)

  • #66,121
  • May 15, 2008 3:39am May 15, 2008 3:39am
Quoting hornet
is 1.9530 enough for you ?
But it has not reached that level today and it's moving in the opposite direction right now.
Expected the unexpected
  • #66,122
  • May 15, 2008 3:44am May 15, 2008 3:44am
Quoting hornet
is 1.9530 enough for you ?

nope still in ...i needed it to pass the 62 ema ...but it seems to be to sensitive to the movement of EUR/USD that looks as if it droping but ging to hit support and take cable up ..but not much

it difficult to get out of the long so long as the retracement are followed..immediate trend still up to me
  • #66,123
  • May 15, 2008 3:47am May 15, 2008 3:47am
Quoting nAVIN2007
nope still in ...i needed it to pass the 62 ema ...but it seems to be to sensitive to the movement of EUR/USD that looks as if it droping but ging to hit support and take cable up ..but not much

so if it gets there you will not exit your longs ?

what about at 1.9550 ?
The quality of your life is brought about by the quality of your thinking.
  • #66,124
  • May 15, 2008 3:57am May 15, 2008 3:57am
Quoting hornet
so if it gets there you will not exit your longs ?

what about at 1.9550 ?

yes absolutely but if it get there i see no reason to get out unless the 62 ema get crossed, i doubt it will even cross it now....if it doesnt i might just except the loss, i dont like the idea of being long in a downtrend..

it seems to want to go up ..

I just let go of the 1st long the one with entery close to weekly pivot
  • #66,125
  • May 15, 2008 4:02am May 15, 2008 4:02am
Quoting nAVIN2007
nope still in ...i needed it to pass the 62 ema ...but it seems to be to sensitive to the movement of EUR/USD that looks as if it droping but ging to hit support and take cable up ..but not much

it difficult to get out of the long so long as the retracement are followed..immediate trend still up to me
Navin I am with you again now, long at 1.9470, once H4 open above 1.9466 !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #66,126
  • May 15, 2008 4:09am May 15, 2008 4:09am
Quoting manize
Navin I am with you again now, long at 1.9470, once H4 open above 1.9466 !

where are u long to ..need to be carefull this curency moves down very much just because of EUR pullback...dollar is gaining strength...and large time frame 4hr is showing over bought conditions..i dunno how high this can go without going down.....i do believe its on the way up thou..cant see it breaking the bottom...
  • #66,127
  • May 15, 2008 4:14am May 15, 2008 4:14am
Quoting nAVIN2007
where are u long to ..need to be carefull this curency moves down very much just because of EUR pullback...dollar is gaining strength...and large time frame 4hr is showing over bought conditions..i dunno how high this can go without going down.....i do believe its on the way up thou..cant see it breaking the bottom...
1.9500 - 1.9515
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #66,128
  • Edited 4:31am May 15, 2008 4:18am | Edited 4:31am
The screenshot shows the prev 1hr swing hi's and lo's as I see them on that t/f, key at bottom left.

Price ran into resistance in that 9490-05 area earlier.

A lot of fib clusters to the upside as follows;

9491-03 x 3 fibs and Dly R1 pivot
9518 -21 x2 fibs
9530-37 x 2 fibs and Dly R2 area
9558-77 x 5 fibs
9588-92 area of Wkly Pivot
9603-08 x 1 fib and Dly R3 area
9615-17 x 2 fibs
9632 x 1 fib and area of Mth S1
9650 x 1 already breeched fib
9675-76 x 2 fibs, area of Dly R4
9692-95 x 3 fibs.

Today's range so far 74Lo-Hi, Y/day -110, other averages below
Attached Image (click to enlarge)
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Attached Image
ex member
  • #66,129
  • May 15, 2008 4:18am May 15, 2008 4:18am
Quoting manize
1.9500 - 1.9515

EUR is pulling this currency down....keep it tight bro
  • #66,130
  • May 15, 2008 4:23am May 15, 2008 4:23am
Quoting nAVIN2007
EUR is pulling this currency down....keep it tight bro
I will ....
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #66,131
  • May 15, 2008 4:26am May 15, 2008 4:26am
The only thing I see that may be even a little bit bearish is the 1 hr and that is shaky. I am seeing Bullish in the 4 Hr and Daily. If the USD/JPY bounces off the DPP and goes short, I believe we will get our move up.
  • #66,132
  • May 15, 2008 4:30am May 15, 2008 4:30am
Attached Image (click to enlarge)
Click to Enlarge Name: cable.gif Size: 16 KB


Attached Image (click to enlarge)
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  • #66,133
  • May 15, 2008 4:30am May 15, 2008 4:30am
G/J, Alias the ( HELLEVATOR ) just took a long bias.
  • #66,134
  • May 15, 2008 4:33am May 15, 2008 4:33am
Quoting hard1head1
The only thing I see that may be even a little bit bearish is the 1 hr and that is shaky. I am seeing Bullish in the 4 Hr and Daily. If the USD/JPY bounces off the DPP and goes short, I believe we will get our move up.

that is why i asked Nav if he likes 1.9550. hope he gets out there before we move down again in the direction of 1.9100
The quality of your life is brought about by the quality of your thinking.
  • #66,135
  • May 15, 2008 4:37am May 15, 2008 4:37am
G/J just bounced long off DPP, can we hitch a ride.
  • #66,136
  • May 15, 2008 4:40am May 15, 2008 4:40am
Yea, it will not stay there, I would like to see it go to 9570 area but that asking too much. I will pull my load at 9530, provided we get there, cause there is no gaurantee against the trend, and wipe my brow.

Quoting hornet
that is why i asked Nav if he likes 1.9550. hope he gets out there before we move down again in the direction of 1.9100
  • #66,137
  • May 15, 2008 4:41am May 15, 2008 4:41am
Quoting hard1head1
Yea, it will not stay there, I would like to see it go to 9570 area but that asking too much. I will pull my load at 9530, provided we get there, cause there is no gaurantee against the trend, and wipe my brow.
Yep, I did ask him if he liked 1.9530 and he said NO....!!!

The quality of your life is brought about by the quality of your thinking.
  • #66,138
  • May 15, 2008 4:43am May 15, 2008 4:43am
This is why you should have a couple of pairs to trade. LOL
  • #66,139
  • May 15, 2008 4:44am May 15, 2008 4:44am
He wont listen, so Im not wasting my breath anymore.

Quoting hornet
Yep, I did ask him if he liked 1.9530 and he said NO....!!!

  • #66,140
  • May 15, 2008 4:45am May 15, 2008 4:45am
How fast things have changed. Everybody was in short for cable. Now everybody is saying cable will go up?
Expected the unexpected
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