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Cable Update (GBPUSD)

  • #66,161
  • May 15, 2008 3:35am May 15, 2008 3:35am
We got Tweezers off the 89 on the 5 Min. Lets look for some more bearish signs, Guys?
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  • #66,162
  • May 15, 2008 3:40am May 15, 2008 3:40am
Where have we been, look at all these bearish signals sneaking up on us. Evening stars on the 30 and 1 HR,hammer on the 4 Hr
  • #66,163
  • May 15, 2008 3:43am May 15, 2008 3:43am
Quoting hard1head1
Where have we been, look at all these bearish signals sneaking up on us. Evening stars on the 30 and 1 HR,hammer on the 4 Hr
And 1.9500 being 61.8%
The quality of your life is brought about by the quality of your thinking.
  • #66,164
  • May 15, 2008 3:45am May 15, 2008 3:45am
Show that, hornet? Got a chart?
  • #66,165
  • May 15, 2008 3:46am May 15, 2008 3:46am
Quoting hard1head1
Show that, hornet? Got a chart?
draw it from the spike on news on the 13th to the bottom yesterday
The quality of your life is brought about by the quality of your thinking.
  • #66,166
  • May 15, 2008 3:48am May 15, 2008 3:48am
Quoting hard1head1
Where have we been, look at all these bearish signals sneaking up on us. Evening stars on the 30 and 1 HR,hammer on the 4 Hr


jimbo if u cant beat them join them i say ...
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  • #66,167
  • May 15, 2008 3:50am May 15, 2008 3:50am
Here you go Jim, to the pip exactly.
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The quality of your life is brought about by the quality of your thinking.
  • #66,168
  • May 15, 2008 3:52am May 15, 2008 3:52am
Got a triple top formed on the 1 hour chart at 1.9488, that has to be sure sign of being Bearish.
"The trend is your friend, until the end."
  • #66,169
  • May 15, 2008 3:54am May 15, 2008 3:54am
Quoting ForexRookie
Got a triple top formed on the 1 hour chart at 1.9488, that has to be sure sign of being Bearish.
i gave up the longs ...it wasnt looking strong canceled them at a loss but i can rebuild 50% quickier now as now im confident
  • #66,170
  • May 15, 2008 3:55am May 15, 2008 3:55am
But wouldnt you want the total move down? Why from the news spike, are you sure thats right?

Quoting hornet
Here you go Jim, to the pip exactly.
  • #66,171
  • May 15, 2008 3:57am May 15, 2008 3:57am
Quoting nAVIN2007
i gave up the longs ...it wasnt looking strong canceled them at a loss but i can rebuild 50% quickier now as now im confident
I gave up on the longs yesterday before the news and lost out when i could have got out with profit after the news.
"The trend is your friend, until the end."
  • #66,172
  • May 15, 2008 3:57am May 15, 2008 3:57am
Quoting hard1head1
But wouldnt you want the total move down? Why from the news spike, are you sure thats right?
50% of total at 1.9496
The quality of your life is brought about by the quality of your thinking.
  • #66,173
  • May 15, 2008 3:58am May 15, 2008 3:58am
Reversed long at 1.9480 to short.
Move from last night low looks too much like an ABC
If this is the case we should see a new low for cable.
  • #66,174
  • May 15, 2008 3:58am May 15, 2008 3:58am
u know if US news came in strong cable is finished we might even see the actual 9300 number on our screens

i mean its just looking for an excuse for a strong bearish move.

good luck to all
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #66,175
  • May 15, 2008 3:59am May 15, 2008 3:59am
If we get a break and a test, t will establish a down move and my stop will be behind the 89 around 9470. Try to get to the low on 5/14, 9360
  • #66,176
  • May 15, 2008 3:59am May 15, 2008 3:59am
Quoting fxdoc
Reversed long at 1.9480 to short.
Move from last night low looks too much like an ABC
If this is the case we should see a new low for cable.
absolutely ...u have the right technical skills

to risky to go long now especilly with that retracement ...if this breaks the neckline 1.8 is highly possible..good thinking bro
  • #66,177
  • May 15, 2008 4:02am May 15, 2008 4:02am
Quoting hard1head1
But wouldnt you want the total move down? Why from the news spike, are you sure thats right?
Why not, where did that wave start from ? As they conquer the 76.4 fibo level, you move the start backwards to previous high. If that 76.4 was taken as well I would have moved it back to the start of the move. And if that is taken then I draw it from bottom to top because it turned.

Hope it's understandable.
The quality of your life is brought about by the quality of your thinking.
  • #66,178
  • May 15, 2008 4:02am May 15, 2008 4:02am
Is this a typo, Nav?

Quoting nAVIN2007
absolutely ...u have the right technical skills

to risky to go long now especilly with that retracement ...if this breaks the neckline 1.8 is highly possible..good thinking bro
  • #66,179
  • May 15, 2008 4:04am May 15, 2008 4:04am
I am not much on fibs, bro. But can do trendlines..LOL

Quoting hornet
Why not, where did that wave start from ? As they conquer the 76.4 fibo level, you move the start backwards to previous high. If that 76.4 was taken as well I would have moved it back to the start of the move. And if that is taken then I draw it from bottom to top because it turend.

Hope it's understandable.
  • #66,180
  • May 15, 2008 4:06am May 15, 2008 4:06am
Quoting hard1head1
Is this a typo, Nav?
long term but if ABCD pattern is true and it breaks this bottom..kiss the top goodbye....i dunno how far it will since but u wont hold a long without blowing 2 accounts

1.8 ..made the figure up to be honest but it might feel like 1.8
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