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Cable Update (GBPUSD)

  • #75,181
  • Jul 9, 2008 6:34am Jul 9, 2008 6:34am
I am in short at 940
When life gives you lemons, make lemonade
  • #75,182
  • Jul 9, 2008 6:36am Jul 9, 2008 6:36am
The falling wedge that has been broken now its beying retested, check my blue utl. AND cable formed an I4Bar right on the tl (hope yall know what i4bar is according to james16). This might be the end for the fall, i said might be. Anyway im staying out right now untill i see a clear direction.

Just my 2 cents...
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  • #75,183
  • Jul 9, 2008 6:43am Jul 9, 2008 6:43am
Quoting belekas
The falling wedge that has been broken now its beying retested, check my blue utl. AND cable formed an I4Bar right on the tl (hope yall know what i4bar is according to james16). This might be the end for the fall, i said might be. Anyway im staying out right now untill i see a clear direction.

Just my 2 cents...
I think it will keep falling towards the down-channel line way below 9680
When life gives you lemons, make lemonade
  • #75,184
  • Jul 9, 2008 6:43am Jul 9, 2008 6:43am
im in buy mode..we should see this thang go up...med. term
  • #75,185
  • Jul 9, 2008 6:47am Jul 9, 2008 6:47am
Quoting micho
I think it will keep falling towards the down-channel line way below 9680
trade what you see not what you think
  • #75,186
  • Jul 9, 2008 6:47am Jul 9, 2008 6:47am
Im in short at 1.9740 with 2 lots. Closed one at 1.9720 and move the stops up to break even on the second. Good day. Finally its been a long time since i trade after getting killed.
  • #75,187
  • Jul 9, 2008 6:50am Jul 9, 2008 6:50am
If cable closes positive today chances are it will move up next two days.
Thursday and Friday usually currency moves strongly either direction. IMO
If BOE holds rate tomorrow (100% chance at this point) then GBP will go up another 100 pips easily and will recover from it's over sold position.
I have noticed when currency hit oversold or overbought it's bound to recover.
Let's see how it goes. Took a long position this morning and will wait to see what happen.
Market brought this down for rate decesion and will bring it up after the news.
{Promotion Removed}
  • #75,188
  • Edited 7:47am Jul 9, 2008 6:54am | Edited 7:47am
Reversed to upward channel now. It may go down again but I don't see lower than 1.9675. I do not trade, count me wrong.
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I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #75,189
  • Jul 9, 2008 6:55am Jul 9, 2008 6:55am
Quoting belekas
trade what you see not what you think
I think what I see.
  • #75,190
  • Jul 9, 2008 6:57am Jul 9, 2008 6:57am
yesterday target almost achieved.(see my recent post 1.9650)
now I take the rolloer again to 1.9650 as cable hardly cant make higher high I predict it gonna test yesterday's low.
  • #75,191
  • Jul 9, 2008 7:04am Jul 9, 2008 7:04am
Quoting belekas
trade what you see not what you think
i see and think money moneyyyyyyy
When life gives you lemons, make lemonade
  • #75,192
  • Jul 9, 2008 7:10am Jul 9, 2008 7:10am
im -40 pips so its just the waiting game for me
  • #75,193
  • Edited 7:28am Jul 9, 2008 7:11am | Edited 7:28am
Quoting B@by trader
yesterday target almost achieved.(see my recent post 1.9650)
now I take the rolloer again to 1.9650 as cable hardly cant make higher high I predict it gonna test yesterday's low.
Yesterday's low was 1.9664 and today's low so far 1.9680 how that can be lower low today. I don't see it. If it closes positive then it will be higher low's.
Lower low theory is not valid at this point. Let's wait for end of the day.
It will go up from here....IMO
{Promotion Removed}
  • #75,194
  • Jul 9, 2008 7:27am Jul 9, 2008 7:27am
  •  Trader#0000
  • | Status: Unregistered Trader
weird day..staying on d sideline..
  • #75,195
  • Jul 9, 2008 7:32am Jul 9, 2008 7:32am
still holding longs from 9687 and 9713. Will see a test of 9870 hopefuly.
USD Est Non Mortuus
  • #75,196
  • Jul 9, 2008 8:20am Jul 9, 2008 8:20am
Quoting LuckyLurker
still holding longs from 9687 and 9713. Will see a test of 9870 hopefuly.
  • #75,197
  • Jul 9, 2008 8:44am Jul 9, 2008 8:44am
Hello all.
i have to tell you all goodbye,
as i am going to my old style,
i found that daily trading is dangerous for me and my health

make me always nervous.
so i am going back to the swing trading.

might come by to say hello from time to time

i wish you all good profit.
  • #75,198
  • Jul 9, 2008 8:54am Jul 9, 2008 8:54am
Quoting capt. pipp
weird day..staying on d sideline..
Staying Sideline = Missing the boat
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  • #75,199
  • Jul 9, 2008 8:58am Jul 9, 2008 8:58am
Quoting atif
Staying Sideline = Missing the boat
yes...you are right
  • #75,200
  • Jul 9, 2008 9:00am Jul 9, 2008 9:00am
  •  Trader#0000
  • | Status: Unregistered Trader
on d other train..usd/cad..
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