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Cable Update (GBPUSD)

  • #70,801
  • Jun 13, 2008 7:57am Jun 13, 2008 7:57am
Are we still thinking short? Because we are right back at where things seems to have never happened
Trade Like a Robot make money Like a Bank
  • #70,802
  • Jun 13, 2008 8:04am Jun 13, 2008 8:04am
hey guys i need great and free books on technical analysis
and pattern recognition

anybody got any spare
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #70,803
  • Jun 13, 2008 8:06am Jun 13, 2008 8:06am
Quoting warta
poooor cable still fighting to survive
And i think Cable will make it.
  • #70,804
  • Jun 13, 2008 8:08am Jun 13, 2008 8:08am
Quoting Abuawad
And i think Cable will make it.
i have the same feeling but after the last US news
  • #70,805
  • Jun 13, 2008 8:08am Jun 13, 2008 8:08am
Still in a downtrend, although nice buying spurt there, stuck under 6hour sma, 12hour at 1.9460 above that it's long time.

Consider UJ long near 108.00 as possible, tight stop good risk to reward.

Cable sitting on the 3hour line, odds are down I think!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #70,806
  • Jun 13, 2008 8:08am Jun 13, 2008 8:08am
yeah sal i have all what u need tell me and will send it to u
  • #70,807
  • Jun 13, 2008 8:14am Jun 13, 2008 8:14am
Quoting Abuawad
And i think Cable will make it.
Abuawad survive up or down?
MOE?
  • #70,808
  • Jun 13, 2008 8:15am Jun 13, 2008 8:15am
Can anybody tell me where is this MF trying to go?
  • #70,809
  • Jun 13, 2008 8:19am Jun 13, 2008 8:19am
Quoting datogio
Can anybody tell me where is this MF trying to go?
east
  • #70,810
  • Jun 13, 2008 8:23am Jun 13, 2008 8:23am
Cable's going south. Looks like woodworm nibbling away at the floor, and when it does, the ceiling's going to collapse.
If it's too good to be true, it probably is.
  • #70,811
  • Jun 13, 2008 8:24am Jun 13, 2008 8:24am
Quoting datogio
Can anybody tell me where is this MF trying to go?
mate if we knew that, lol....

Other than trend, there are technical reasons to suggest a recovery for cable from here for rest of session,....or least no re-visiting of current dly lows...(trend is unmistakingly down extending to the Dly chart in terms of classic price action peak/valley analysis) Those factors are support, bear trap possibility post data... and oscillator extremes/divergences extending to 1hr chart. That said the Dly range is only at 77pips hi-lo atm, so plenty of room to get nearer the 170ish average one way or another.

The exceptions to this observation are any confirmed irish result and the U.s data due later, but if technicals are a predicter of future price actuion, then that is the current situation.

BTW: This is not a trading recommendation, just an observation, make of it what you like.
ex member
  • #70,812
  • Jun 13, 2008 8:26am Jun 13, 2008 8:26am
Quoting fifo
east


Getting it right is NOT as important as not getting it wrong.
  • #70,813
  • Jun 13, 2008 8:27am Jun 13, 2008 8:27am
Quoting SimonK
Cable's going south. Looks like woodworm nibbling away at the floor, and when it does, the ceiling's going to collapse.
That is certainly the 'with trend ' direction.
ex member
  • #70,814
  • Jun 13, 2008 8:27am Jun 13, 2008 8:27am
I should add, I am a scalper so have no biais either way, last trade for me was short at 9444, flat now
ex member
  • #70,815
  • Jun 13, 2008 8:28am Jun 13, 2008 8:28am
Quoting B@by trader
Abuawad survive up or down?
MOE?
im in a shity as long at 1.9432
If I Go Broke Trying Then I Will die happy.
  • #70,816
  • Jun 13, 2008 8:29am Jun 13, 2008 8:29am
Quoting Moe
im in a shity as long at 1.9432
and i can't get out
If I Go Broke Trying Then I Will die happy.
  • #70,817
  • Jun 13, 2008 8:31am Jun 13, 2008 8:31am
i got a plane to catch later today.
If I Go Broke Trying Then I Will die happy.
  • #70,818
  • Jun 13, 2008 8:31am Jun 13, 2008 8:31am
Quoting Moe
im in a shity as long at 1.9432
I'm at the same point but in the different direction
  • #70,819
  • Jun 13, 2008 8:32am Jun 13, 2008 8:32am
Quoting Moe
and i can't get out
so do me..so when will cable go to south?
  • #70,820
  • Jun 13, 2008 8:33am Jun 13, 2008 8:33am
Quoting datogio
I'm at the same point but in the different direction
oh throw that in my face, ,
If I Go Broke Trying Then I Will die happy.
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