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Cable Update (GBPUSD)

  • #71,921
  • Jun 23, 2008 5:57am Jun 23, 2008 5:57am
now we should see big move down
  • #71,922
  • Jun 23, 2008 5:58am Jun 23, 2008 5:58am
Had some great shorts this morning. Now for a break of S3 and we can hit the floor.
If it's too good to be true, it probably is.
  • #71,923
  • Jun 23, 2008 6:03am Jun 23, 2008 6:03am
navin, what is the name of the fib tool on your chart?
  • #71,924
  • Jun 23, 2008 6:09am Jun 23, 2008 6:09am
Quoting roslan1984
now we should see big move down
Are you sure GU move down from here.
  • #71,925
  • Jun 23, 2008 6:11am Jun 23, 2008 6:11am
Quoting kijkij
Are you sure GU move down from here.
Don't think anyone could answer that for you. Not with any degree of certainty to say the least.

The question you should be asking yourself is "Is GU going up from here ?". What does your chart tells you ?
  • #71,926
  • Jun 23, 2008 6:13am Jun 23, 2008 6:13am
It has only moved 146 pips. Looks like it has the energy to move 50 pips more.
  • #71,927
  • Jun 23, 2008 6:14am Jun 23, 2008 6:14am
Quoting Chang
Don't think anyone could answer that for you. Not with any degree of certainty to say the least.

The question you should be asking yourself is "Is GU going up from here ?". What does your chart tells you ?

Only sure things are taxes and death
When I start to be "sure" in trading then I know I'm in big troubles

Question to ask is what are the probabilities of up / down, and go with the best probabilities... imho
Getting it right is NOT as important as not getting it wrong.
  • #71,928
  • Jun 23, 2008 6:14am Jun 23, 2008 6:14am
Quoting kijkij
Are you sure GU move down from here.
No-one is ever sure.
  • #71,929
  • Jun 23, 2008 6:15am Jun 23, 2008 6:15am
Quoting maverick
If it breaks 1.9600, then it will probably go to 1.9655. I don't see it bouncing from 1.9600, only 1.9616-9615 area.

Let's see what happens.
Gone past 1.9616 10minutes ago. Did you do anything ?
  • #71,930
  • Jun 23, 2008 6:16am Jun 23, 2008 6:16am
Quoting fxswing
Only sure things are taxes and death
When I start to be "sure" in trading then I know I'm in big troubles

Question to ask is what are the probabilities of up / down, and go with the best probabilities... imho
  • #71,931
  • Jun 23, 2008 6:18am Jun 23, 2008 6:18am
Quoting Chang
Don't think anyone could answer that for you. Not with any degree of certainty to say the least.

The question you should be asking yourself is "Is GU going up from here ?". What does your chart tells you ?
Thanks, yes I can see down from here. Just want know to how much?
  • #71,932
  • Jun 23, 2008 6:19am Jun 23, 2008 6:19am
Quoting Chang
Gone past 1.9616 10minutes ago. Did you do anything ?
Do you mean it I have entered short?
  • #71,933
  • Jun 23, 2008 6:20am Jun 23, 2008 6:20am
I think a new low gonna be make at least 1.9580 if no exit signal on my system I wont hesitate to put 1.9560 as my TP.
anyone got pips?
  • #71,934
  • Jun 23, 2008 6:21am Jun 23, 2008 6:21am
1.9655-53 price area next, hopefully.
  • #71,935
  • Jun 23, 2008 6:23am Jun 23, 2008 6:23am
cable moved a bit but still staying shy...
lets wait & see
keeping an eye
  • #71,936
  • Jun 23, 2008 6:26am Jun 23, 2008 6:26am
Quoting Chang
Serious reaction at 19623 just as expected. Keeping fingers crossed.
Quote:
Originally Posted by Chang http://www.forexfactory.com/images/buttons/viewpost.gif
Just added another short position at 19637. Let see what happens coz it's getting close to 19623. If it breaks that, will hold till 19600.


Traded as per my plan. Out for +37 pips. Now reacting at 19600 level. Will sit on the sideline for now.
  • #71,937
  • Jun 23, 2008 6:28am Jun 23, 2008 6:28am
I think if we break 1.9595 Fibo 61.8% then we going all the way to 1.9480. Ill enter short at 1.9585 if its going.
  • #71,938
  • Jun 23, 2008 6:30am Jun 23, 2008 6:30am
last friday i checked my charts and thought Cable and EU was going up cos Cable just broke a 4H trendline from Nov 2007 and EU was in 1H up channel. i woke up this morning to find all that nullified (cable went back into the trendline and EU broke the up channel. i was scared to go short. but picked up my guts and shorted. my entry was kinda late but all together am goin to end up in green today!!!!!! yee pee

my first flight will touch down soon on Cable. hope the runway is clear.... am a dmo trader though but i take it as serious as if it were my money... yee pee
  • #71,939
  • Jun 23, 2008 6:31am Jun 23, 2008 6:31am
Nav, nice pin forming on 15M again. price has touched 61% So we might be going back up. 61.8% Fibo is important level for bounce or reversal. Will have to wait and see.

EUR also very flat at the moment! Could also be going up again! or is the market just jittery before US open?
  • #71,940
  • Jun 23, 2008 6:34am Jun 23, 2008 6:34am
Quoting nAVIN2007
this is because of oil ...it looks like oil might cause issues for us ..

now its confirmed,..the up move,..lets see how far up it goes,..i am all in, and will add after we pass 19636,..
its just money
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