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Cable Update (GBPUSD)

  • #71,941
  • Jun 23, 2008 6:35am Jun 23, 2008 6:35am
I think may be some move up for a while
  • #71,942
  • Jun 23, 2008 6:37am Jun 23, 2008 6:37am
Well, this is the first time I decided to trust myself over what I was reading / hearing, and it paid off! I've been short since 1.9686!
This is how it always works when I trade with the GBP... a week of terror followed by 2 days of sighing
Do you think the karate kid knows kung-fu?
  • #71,943
  • Jun 23, 2008 6:40am Jun 23, 2008 6:40am
IMHO 1.9670 , maybe 1.9750 ..after down again...
Regards,

Marcelo
  • #71,944
  • Jun 23, 2008 6:40am Jun 23, 2008 6:40am
Only problem with long is price is under weekly and monthly PP!
  • #71,945
  • Jun 23, 2008 6:40am Jun 23, 2008 6:40am
Quoting de123
now its confirmed,..the up move,..lets see how far up it goes,..i am all in, and will add after we pass 19636,..
Don't confuse up move, and retracement in a down move, cable would have to go back above 1.9667, before we can have any possible bull recovery imho

Don't bet the farm, yet
Getting it right is NOT as important as not getting it wrong.
  • #71,946
  • Jun 23, 2008 6:44am Jun 23, 2008 6:44am
Quoting de123
now its confirmed,..the up move,..lets see how far up it goes,..i am all in, and will add after we pass 19636,..
What do you mean by "all in"?
Expected the unexpected
  • #71,947
  • Jun 23, 2008 6:48am Jun 23, 2008 6:48am
Quoting fxswing
Don't confuse up move, and retracement in a down move, cable would have to go back above 1.9667, before we can have any possible bull recovery imho

Don't bet the farm, yet
Just curious, how many are currently on the long position and at what level ?

I still think it's too early to tell whether it's retracement or reversal.
  • #71,948
  • Jun 23, 2008 7:02am Jun 23, 2008 7:02am
Quoting scyang
What do you mean by "all in"?
out of amunition...
its just money
  • #71,949
  • Jun 23, 2008 7:28am Jun 23, 2008 7:28am
Quoting scyang
What do you mean by "all in"?
Haven't you heard?? The forex is like the casino, take a punt!
Trade the reaction, not the news!
  • #71,950
  • Jun 23, 2008 7:40am Jun 23, 2008 7:40am
going down
  • #71,951
  • Jun 23, 2008 7:46am Jun 23, 2008 7:46am
Quoting Chang
Just curious, how many are currently on the long position and at what level ?

I still think it's too early to tell whether it's retracement or reversal.
I have one entry long at 1.9656.... Will look for more long entries further down, but only after 1.9550.....
Uncertain about how far it will go down
  • #71,952
  • Jun 23, 2008 7:48am Jun 23, 2008 7:48am
Quoting roslan1984
going down
just add more short.
  • #71,953
  • Jun 23, 2008 7:50am Jun 23, 2008 7:50am
H1 chart shown oversold.. will it be up a bit now?

Quoting roslan1984
going down
  • #71,954
  • Jun 23, 2008 7:56am Jun 23, 2008 7:56am
Quoting John Lo
H1 chart shown oversold.. will it be up a bit now?
I think it will go down to 1.9560 and then some retracement
  • #71,955
  • Jun 23, 2008 8:10am Jun 23, 2008 8:10am
Quoting notme32
monday will start with big downnnnnn.........

Short GU Short...........welcome 9180........
OMG OMG.......... I love you GU..... with all my heart

Down all the week..........
I Deeply Love My Virtual Life In Virtual World , RLC
  • #71,956
  • Jun 23, 2008 8:22am Jun 23, 2008 8:22am
Quoting fxswing
Still short from Thursday 1.9703 and Friday's 1.9780 with target at 1.9590

Ka-ching at 1.9598 !!!

Target 1.9590, not achieved yet, but I don't like action around target so taking the profit and running... faaaaast . No need to waste a good trade by trying to milk the last pips. Now market can do whatever it pleased.

Flat now, no more trade before Thursday because of the fomc meeting.
Getting it right is NOT as important as not getting it wrong.
  • #71,957
  • Jun 23, 2008 8:24am Jun 23, 2008 8:24am
GU's flat lined, 20cc Adrenaline and get the paddles out!!

I hate a) missing a big move and b) trade after a big move!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #71,958
  • Jun 23, 2008 8:25am Jun 23, 2008 8:25am
Quoting steelhead
shorts were good today if you knew where to take them. I took a short at close of four hour candle around 1.9780. It was a great setup.



Again folks charts charts charts. Read them they paint the picture. Just say no to indicators


1 trade about 200 pips thats how I like it. The charts tell the picture. Again just say no to indicators
  • #71,959
  • Edited 8:42am Jun 23, 2008 8:30am | Edited 8:42am
Thinking the best place to entry long. Wating for a strong trigger signal. May a nice pin or something only seen by strong feel on H4 ...1.9540 - 1.9570 or 1.9420 - 1.9500. ? Count me wrong ! I hope any share by Moe before market closing time !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #71,960
  • Jun 23, 2008 9:00am Jun 23, 2008 9:00am
Quoting twofeet
Haven't you heard?? The forex is like the casino, take a punt!
Agreed.
Do not focus on making money; focus on protecting what you have.
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