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Cable Update (GBPUSD)

  • #69,721
  • Jun 9, 2008 11:52pm Jun 9, 2008 11:52pm
I am in short looking for the low of yesterday....if we get a close on the other side of the intraday low...i will stack my trades and rish my profits...I would aim for the intraday target...

Be aware of price action at upward trendline

Attached Image
  • #69,722
  • Jun 10, 2008 12:08am Jun 10, 2008 12:08am
strated go long at 1.9694 ,......look for luck.....
be patient, self-belief and discipline... stay focus...
  • #69,723
  • Jun 10, 2008 1:00am Jun 10, 2008 1:00am
Quoting Turveyd
You do that, doesn't prove more than you just got lucky again even if it does win sadly.

Good luck though!!
"The more I practise the luckier I get" - Gary Player
  • #69,724
  • Jun 10, 2008 1:40am Jun 10, 2008 1:40am
Quoting fxswing
Cable bulls pushed through 1.9742, starting to challenge the downtrend in H1.

Now there is only 2 possibilities:

1- Bears can take back the low @ 1.9461 and the downtrend will be intact.

2- Bulls can make a higher low above 1.9461 and have a new high, then we'll have a new confirmed uptrend.

I'm not talking intra-day, but action taking place over the next 2-10 days.
We have now a new high reference point at 1.9800.

1 - Bulls have to make a new high above 1.9800, before bears can push through 1.9461, to confirm a change of trend to up. If that happens watch above the 1.9870-1.9880 zone to spark a rally.

2 - Bears have to regain the 1.9461 low and make a new low, to invalidate the trend change to up and confirm the down trend. They have to keep the price below that 1.9800.


Let's see how that unfolds...
Getting it right is NOT as important as not getting it wrong.
  • #69,725
  • Jun 10, 2008 1:57am Jun 10, 2008 1:57am
We could see some support in this 1.9670 zone.
Be careful with new shorts, if this start to bounce up... My target 1.9620.

200 sma H1 = 1.9665
200 sma H4 = 1.9671
Getting it right is NOT as important as not getting it wrong.
  • #69,726
  • Jun 10, 2008 2:11am Jun 10, 2008 2:11am
Nice drop I’m out for this session with 105 pips short from 1.9736 to 1.9631 the first support line for me.
  • #69,727
  • Jun 10, 2008 2:20am Jun 10, 2008 2:20am
Quoting Abuawad
Nice drop I’m out for this session with 105 pips short from 1.9736 to 1.9631 the first support line for me.
i might have to go to saudi for tutition
  • #69,728
  • Jun 10, 2008 2:22am Jun 10, 2008 2:22am
Quoting Abuawad
Nice drop I’m out for this session with 105 pips short from 1.9736 to 1.9631 the first support line for me.
Getting it right is NOT as important as not getting it wrong.
  • #69,729
  • Jun 10, 2008 2:23am Jun 10, 2008 2:23am
Quoting Abuawad
Nice drop I’m out for this session with 105 pips short from 1.9736 to 1.9631 the first support line for me.
Why did you get out? It's still dropping. Can we short it again?
Expected the unexpected
  • #69,730
  • Jun 10, 2008 2:23am Jun 10, 2008 2:23am
Quoting nAVIN2007
i might have to go to saudi for tutition
Welcome any time
  • #69,731
  • Jun 10, 2008 2:24am Jun 10, 2008 2:24am
Quoting fxswing
My target 1.9620.
Ka-ching at 1.9620 from yesterday's 1.9771 +151

Flat for the day now
Getting it right is NOT as important as not getting it wrong.
  • #69,732
  • Jun 10, 2008 2:26am Jun 10, 2008 2:26am
Quoting scyang
Why did you get out? It's still dropping. Can we short it again?
well my own target for today 50 pips and i'm collect already the douple why should i stay, i can relax now and watching the chart without any tention
  • #69,733
  • Jun 10, 2008 2:30am Jun 10, 2008 2:30am
Quoting Abuawad
well my own target for today 50 pips and i'm collect already the douple why should i stay, i can relax now and watching the chart without any tention
Good idea. Thanks.
Expected the unexpected
  • #69,734
  • Jun 10, 2008 2:40am Jun 10, 2008 2:40am
Quoting Abuawad
Welcome any time

thank u bro ......
  • #69,735
  • Jun 10, 2008 2:43am Jun 10, 2008 2:43am
If I Go Broke Trying Then I Will die happy.
  • #69,736
  • Jun 10, 2008 2:51am Jun 10, 2008 2:51am
if things continue as plan we should see somewhere around 9470.
If I Go Broke Trying Then I Will die happy.
  • #69,737
  • Jun 10, 2008 2:55am Jun 10, 2008 2:55am
ok back to bed,
If I Go Broke Trying Then I Will die happy.
  • #69,738
  • Jun 10, 2008 3:02am Jun 10, 2008 3:02am
cable already 154pips down on day, above it's 5,10 and 20day average ranges. The attached is the bearish divergenc based set-up at yesterdays high/resistance area.

This support area 9605 extends to 9590, below that 9540/50 potential support. Potential SBR/Res to the upside at this 9626 area, better at 9650 area ahead of 9670/80.
Attached Image (click to enlarge)
Click to Enlarge Name: 1hr rev c.gif Size: 20 KB
ex member
  • #69,739
  • Jun 10, 2008 3:12am Jun 10, 2008 3:12am
Quoting primzvicious
i Smell GU will fall.....

the target is around 1.9605 - 1.9584

before moving upward again
<----when price around670


im just too fast too short ....
Verily, in every difficulties there is relief
  • #69,740
  • Jun 10, 2008 3:24am Jun 10, 2008 3:24am
I smell some bad news for GBP... 6 minutes to go
Life is about choosing... Long or Short... Discipline and consistency
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