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Cable Update (GBPUSD)

  • #67,801
  • May 26, 2008 4:45pm May 26, 2008 4:45pm
we can go anywhere up or down, just be on the train where every it goes good luck and more pips to all.
If I Go Broke Trying Then I Will die happy.
  • #67,802
  • May 26, 2008 5:03pm May 26, 2008 5:03pm
Quoting fourkinghell
its not such accuracy, its fiblevels and extensions and very strong res levels on one place,,if you look at the 2.06,then you will see it can be a right tip of a massive bear crown{H&S} on weekly chart.. and then on that level is fiblevels,fib extensions,very very strong res levels.. all come to one point.and if you look at the 1.9600 level , then you will see , its a bullish right tip of bullish crown ,if the gbp break {with only spike high} through the 1.9961/2.000 ,then it will retrace to 1.9620/30 level to form the right tip of the bullish crown..and go and see how storng and wht fiblevels fall on 1.96 level ,,its all technical anylisis...
Let your charts speak for you. Show them to the world.
  • #67,803
  • May 26, 2008 5:06pm May 26, 2008 5:06pm
Look for your setups, play your setups end of story really.

Playing the predicting the future game although fun kinda, will get in the way of your setups and cloud your judgement.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #67,804
  • May 26, 2008 6:12pm May 26, 2008 6:12pm
we need Yoda
USD Est Non Mortuus
  • #67,805
  • May 26, 2008 6:15pm May 26, 2008 6:15pm
yes ,you are 100 % right,but we have the advantage that we can work it out on technical anylises. sometimes we are right and sometimes we are not..nobody will trade if we all trade in the dark and trade on gutfeeling only.


Fourking:

I took the MTI trading course some time ago and I used to chat with some traders but I found more information in forex factory pages. Why not you show MTI charts with your analisis so we all can learn about your analisis. I have two kind of charts the metatrader 4 and the MTI 4.0 and some time I use both to do analisis. Share your knowledge.
  • #67,806
  • May 26, 2008 8:56pm May 26, 2008 8:56pm
Listen Fourking,
you obviously came here to advertise someone's commercial services. This is naturally forbidden and certainly not welcome here. So kindly stop immediately! There were bans for far less obtrusive actions...
  • #67,807
  • May 26, 2008 10:55pm May 26, 2008 10:55pm
looks like it might form a tripl top on 4h chart
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #67,808
  • May 26, 2008 11:01pm May 26, 2008 11:01pm
be careful on shorts.
If I Go Broke Trying Then I Will die happy.
  • #67,809
  • May 26, 2008 11:07pm May 26, 2008 11:07pm
wow that was an unexpected move
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #67,810
  • May 26, 2008 11:08pm May 26, 2008 11:08pm
What the hell the euro news was bad
but the gbp is the one diving?
  • #67,811
  • May 26, 2008 11:08pm May 26, 2008 11:08pm
German data no good. Euro turning downward a bit. Might be dragging cable down too. Jumped in short real quick. Hoping for a small ride.
Expected the unexpected
  • #67,812
  • May 26, 2008 11:11pm May 26, 2008 11:11pm
Quoting salah k.
wow that was an unexpected move
Waoooo within 10 minutes G/U got dropped 25 pips I think it was because Euro got bad news 4.9 and I think for couple of hours G/U would keep dropping and E/U would too.

I was in short at 1.9822 and 1.9817 since Midnight (Central Time) and PT level is 1.9782 and 1.9777.....
  • #67,813
  • May 26, 2008 11:15pm May 26, 2008 11:15pm
Quoting Andrezt223
What the hell the euro news was bad
but the gbp is the one diving?
yeah
gbp dove 3 times deeper than euro

looks like its finding an excuse.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #67,814
  • May 26, 2008 11:23pm May 26, 2008 11:23pm
now thats the cable we know and love
not only talking about bearish but about the fact that its actually moving.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #67,815
  • May 26, 2008 11:25pm May 26, 2008 11:25pm
come on 9750 is the first support
down cable down
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #67,816
  • May 26, 2008 11:26pm May 26, 2008 11:26pm
what a nice drop
If I Go Broke Trying Then I Will die happy.
  • #67,817
  • May 26, 2008 11:27pm May 26, 2008 11:27pm
Quoting salah k.
now thats the cable we know and love
not only talking about bearish but about the fact that its actually moving.
yeeeees

welcome back London, we missed you
  • #67,818
  • May 26, 2008 11:28pm May 26, 2008 11:28pm
yeah bro i hope it really hits 9650 today
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #67,819
  • May 26, 2008 11:35pm May 26, 2008 11:35pm
82 pip move down in less than 20 min

its a shame it stopped
on the 4h chart it looks like we are stuck between 9850 and 9750
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #67,820
  • May 26, 2008 11:36pm May 26, 2008 11:36pm
Switzherland trade balance number came in better than expected. Is that propping up euro and cable?
Expected the unexpected
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