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Cable Update (GBPUSD)

  • #72,041
  • Jun 23, 2008 11:02pm Jun 23, 2008 11:02pm
If the hour candle closes well above 1.9675 Go long but If it closes below 1.9633 go Short. Between 1.9675 and 1.9633 is a quiet zone.

Happy Trading folks
  • #72,042
  • Jun 23, 2008 11:29pm Jun 23, 2008 11:29pm
hi, im petty sure it will go down again.........
be patient, self-belief and discipline... stay focus...
  • #72,043
  • Jun 23, 2008 11:33pm Jun 23, 2008 11:33pm
Quoting radit27
hi, im petty sure it will go down again.........
Are you currently in a position?
Just digging in the trenches like everyone else!
  • #72,044
  • Jun 23, 2008 11:48pm Jun 23, 2008 11:48pm
clear as day
Attached Image
  • #72,045
  • Jun 24, 2008 12:17am Jun 24, 2008 12:17am
Think it will hit 1.97 tonight?

4 hour chart seems to be forming a higher low and the market started out bullish tonight.
  • #72,046
  • Jun 24, 2008 12:20am Jun 24, 2008 12:20am
Granted, London open hasn't even hit yet...
  • #72,047
  • Jun 24, 2008 12:24am Jun 24, 2008 12:24am
Quoting ZenTrader
Think it will hit 1.97 tonight?

4 hour chart seems to be forming a higher low and the market started out bullish tonight.
Above 1.98
  • #72,048
  • Jun 24, 2008 12:25am Jun 24, 2008 12:25am
Sounds likely, have to wait till after open to be sure, I think.
  • #72,049
  • Jun 24, 2008 12:41am Jun 24, 2008 12:41am
Quoting Clouds
Above 1.98
however, the daily chart has formed a lower top at 1.9760 check it.
and if it is not passed up,
we will go down
Attached Image (click to enlarge)
Click to Enlarge Name: daily top.gif Size: 19 KB
  • #72,050
  • Jun 24, 2008 12:43am Jun 24, 2008 12:43am
Quoting tarektm
however, the daily chart has formed a lower top at 1.9760 check it.
and if it is not passed up,
we will go down
yeah im aware, but its hit the bottom 4 times and can't go past it. should break that trend, the range is getting tighter and tighter, and should break out soon, Up.
  • #72,051
  • Jun 24, 2008 12:51am Jun 24, 2008 12:51am
Quoting Clouds
yeah im aware, but its hit the bottom 4 times and can't go past it. should break that trend, the range is getting tighter and tighter, and should break out soon, Up.
as i have said in my thread, the market now is in a critical condition, and a trend should be decided.
  • #72,052
  • Jun 24, 2008 1:14am Jun 24, 2008 1:14am
Hi to everybody
today first position long 1.9657 s/l 30 take profit 30
  • #72,053
  • Jun 24, 2008 1:22am Jun 24, 2008 1:22am
Even with german bad news it seems to be boosting up now !
Finally !
Just wait for hit 3.00 now and take profit! lol
  • #72,054
  • Jun 24, 2008 1:26am Jun 24, 2008 1:26am
weekly pivot broken
  • #72,055
  • Jun 24, 2008 1:37am Jun 24, 2008 1:37am
Quoting Coconut
Just wait for hit 3.00 now and take profit! lol
$3.0 is your target? I see that you are prepared to live a long life.
  • #72,056
  • Jun 24, 2008 1:42am Jun 24, 2008 1:42am
lol im kidding the 3.00 but for today 1.98 perhaps just wait and see !

Im long since yesterday 1.96000


peace
  • #72,057
  • Jun 24, 2008 1:42am Jun 24, 2008 1:42am
Quoting Subdude
$3.0 is your target? I see that you are prepared to live a long life.
could he referring to 3pm
May the pips be with me !!!
  • #72,058
  • Jun 24, 2008 1:47am Jun 24, 2008 1:47am
Euro news got hit 2.0 % BETTER THAN EXPECTED. I think it will lift G/U pair as well especially during the first hour of London which will start in 13 minutes............
  • #72,059
  • Jun 24, 2008 1:57am Jun 24, 2008 1:57am
Quoting asyed4
Euro news got hit 2.0 % BETTER THAN EXPECTED. I think it will lift G/U pair as well especially during the first hour of London which will start in 13 minutes............
Which BULLISH NEWS are you referring to ???
  • #72,060
  • Jun 24, 2008 1:58am Jun 24, 2008 1:58am
Quoting Clouds
yeah im aware, but its hit the bottom 4 times and can't go past it. should break that trend, the range is getting tighter and tighter, and should break out soon, Up.
with petrol prices and inflation, credit crunch consumer spending all being reduced....i doubt we going to break towards up ...safer to adopt short than long i think ..

right now we are sitting under resistance 1.9680 area...either it will break this and go up ...or break 1.9600
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