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Cable Update (GBPUSD)

  • #67,081
  • Edited May 22, 2008 8:27am May 21, 2008 3:36pm | Edited May 22, 2008 8:27am
1st tp 9745
2nd TP 9770
3rd tp 9825


Pivot: 1.965

Our preference: Long positions above 1.965 with targets @ 1.972 & 1.975 in extension.

Alternative scenario: Below 1.965 look for further downside with 1.9615 & 1.955 as targets.

Comment: the pair is bouncing off the 1.9620 strong support area and has broken above a ST declining trend line.


ALL 3 Targets met
Attached Image
Don't chase the market, Let the market come to you
  • #67,082
  • May 21, 2008 3:50pm May 21, 2008 3:50pm
we could see 1.9450 by tommorow
If I Go Broke Trying Then I Will die happy.
  • #67,083
  • May 21, 2008 3:57pm May 21, 2008 3:57pm
Quoting AmeriTrini
not when its pretty straight forward. why dont you buy then?
i wish i did now, oh well good thing about the markets is that you more or less always get another chance to enter... if 19740 break up then could well see 19825 area, see how the UK retail sales come in.
Trading is 80% Emotional, 20% Technical
  • #67,084
  • May 21, 2008 4:02pm May 21, 2008 4:02pm
Well if that was a flag it would give 9800 as target I think
Half the pole as it were.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #67,085
  • May 21, 2008 4:03pm May 21, 2008 4:03pm
i went short at 1.9731
If I Go Broke Trying Then I Will die happy.
  • #67,086
  • May 21, 2008 4:05pm May 21, 2008 4:05pm
Quoting AmeriTrini
Yea I think, good point for entry to the short side!!!!!

i hope u managed to cover your short positions my friend...

Your right the news is there to confuse.
Trading is 80% Emotional, 20% Technical
  • #67,087
  • May 21, 2008 4:06pm May 21, 2008 4:06pm
Quoting Bones
Well if that was a flag it would give 9800 as target I think
Half the pole as it were.
quality work tone
Trading is 80% Emotional, 20% Technical
  • #67,088
  • May 21, 2008 4:14pm May 21, 2008 4:14pm
ok im short 1.9689 s/l 1.9863 t/p 1.9569

im also short at 1.9731 s/l 1.9863 t/p half at 1.9569 and the other half at 1.9450
If I Go Broke Trying Then I Will die happy.
  • #67,089
  • May 21, 2008 4:22pm May 21, 2008 4:22pm
I can see why you would short there but im thinking higher price sitting on that linear line from yesturday on hour.
This whole area is a minfield as we know on this thread lol



Quoting Moe
i went short at 1.9731
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #67,090
  • May 21, 2008 4:27pm May 21, 2008 4:27pm
no worry stop loss is cover, i just hope it goes down, good luck guys to all.
If I Go Broke Trying Then I Will die happy.
  • #67,091
  • May 21, 2008 4:37pm May 21, 2008 4:37pm
get in there MAN UTD CHAMPIONS!!!
Trading is 80% Emotional, 20% Technical
  • #67,092
  • May 21, 2008 4:39pm May 21, 2008 4:39pm
Long at 1.9694, will add more on dips if appealing. TP: 1.9760
  • #67,093
  • May 21, 2008 4:42pm May 21, 2008 4:42pm
we should see a 300 pips range today/tommorow.
If I Go Broke Trying Then I Will die happy.
  • #67,094
  • May 21, 2008 4:43pm May 21, 2008 4:43pm
UK Retail Sales is always a big mover, and for some reason I have a feeling its going to be better than expected.
  • #67,095
  • May 21, 2008 4:45pm May 21, 2008 4:45pm
Quoting Tonest3r
UK Retail Sales is always a big mover, and for some reason I have a feeling its going to be better than expected.
that why we should see 1.9450 by tommorow.
If I Go Broke Trying Then I Will die happy.
  • #67,096
  • May 21, 2008 4:46pm May 21, 2008 4:46pm
im short too ...will hold this for sure no matter what....
@1.9713
will sell if we go above 1.98 too ...im getting these positions ready since we in a downtrend
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  • #67,097
  • May 21, 2008 4:48pm May 21, 2008 4:48pm
congrates mate


Quoting fx local
get in there MAN UTD CHAMPIONS!!!
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #67,098
  • May 21, 2008 4:49pm May 21, 2008 4:49pm
Quoting Moe
we should see a 300 pips range today/tommorow.
are u expecting the range from the fundie, or got some techni?
If you do - don't be afraid, if you are afraid - don't do
  • #67,099
  • May 21, 2008 4:50pm May 21, 2008 4:50pm
outside not zoomed view
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  • #67,100
  • May 21, 2008 4:52pm May 21, 2008 4:52pm
Lol, you think so Moe I bet a daily close over 9730 we don’t.(2 hrs away for me)

Quoting Moe
that why we should see 1.9450 by tommorow.
On-site guru & also FF member's' psychiatrist, when not drinking tea
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