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Cable Update (GBPUSD)

  • #76,661
  • Jul 21, 2008 4:23pm Jul 21, 2008 4:23pm
Quoting Bones
Its very unlikely to fall from there imho 20050 is target
I am starting to build short positions based on the last weeks close. I have a stop above 2.0150.
Patience + Discipline - Greed = Success
  • #76,662
  • Jul 21, 2008 4:23pm Jul 21, 2008 4:23pm
Well I will say 2.0034 is res on my chart just the move was strong the wedge target was around 2.0050 and price needs time to let the mas catch up.I dont see any reason for it to fall yet anyway id rather be a buyer of dips after such a move.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #76,663
  • Jul 21, 2008 4:24pm Jul 21, 2008 4:24pm
Oh I see

Quoting Infinity
I am starting to build short positions based on the last weeks close. I have a stop above 2.0150.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #76,664
  • Jul 21, 2008 4:25pm Jul 21, 2008 4:25pm
I'm looking to get in at 1.9994 and add more at 1.9977 if it retraces back that far. The way the USD has crapped it's pants this evening, pound maybe headed back to 201 during London session.
"Don't trade to trade . . . trade to win." - James16
  • #76,665
  • Jul 21, 2008 4:28pm Jul 21, 2008 4:28pm
I definitely agree that I would feel safer buying on the dip. I always feel uncomfortable when holding a position that is against the overall trend- which I currently see as being up, to maybe 20400 or higher in the coming month.
  • #76,666
  • Jul 21, 2008 4:53pm Jul 21, 2008 4:53pm
lol might have to accept that as the high.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #76,667
  • Jul 21, 2008 5:02pm Jul 21, 2008 5:02pm
I agree the move is probably going up but I see it retracing to around 1.9990 sometime tonight before it begins it's move back up.
Please ask questions and share your experiences with us all!
  • #76,668
  • Jul 21, 2008 5:18pm Jul 21, 2008 5:18pm
Newbie
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  • #76,669
  • Jul 21, 2008 5:21pm Jul 21, 2008 5:21pm
Quoting bkg102665
I agree the move is probably going up but I see it retracing to around 1.9990 sometime tonight before it begins it's move back up.
DLHC on daily. I'm in long once price retraces back to 2.00. I would really like for everyone else on the planet to take this trade as well.
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  • #76,670
  • Jul 21, 2008 5:32pm Jul 21, 2008 5:32pm
Well im with you Kiss if that helps,lol
Ive closed all my longs except one.
Its been a long 24 hrs for me so catch ya laters.


Quoting KissFan
DLHC on daily. I'm in long once price retraces back to 2.00. I would really like for everyone else on the planet to take this trade as well.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #76,671
  • Jul 21, 2008 5:38pm Jul 21, 2008 5:38pm
Quoting Bones
Well im with you Kiss if that helps,lol
Ive closed all my longs except one.
Its been a long 24 hrs for me so catch ya laters.
Thanks Bones. I need the support. Get some rest and I hope you wake up to a few pips on the short and then long from there.
  • #76,672
  • Jul 21, 2008 5:47pm Jul 21, 2008 5:47pm
Quoting Bones
Well im with you Kiss if that helps,lol
Ive closed all my longs except one.
Its been a long 24 hrs for me so catch ya laters.

2.05 0r bust here we go
  • #76,673
  • Jul 21, 2008 5:53pm Jul 21, 2008 5:53pm
kiss im the newbie here but im feeling wat ur saying wth you also..
  • #76,674
  • Jul 21, 2008 6:24pm Jul 21, 2008 6:24pm
Quoting KissFan
DLHC on daily. I'm in long once price retraces back to 2.00. I would really like for everyone else on the planet to take this trade as well.

i see a long in that area as well. price broke the 4hr bull flag pattern and i am looking for a retrace to the breakout area
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TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #76,675
  • Jul 21, 2008 11:27pm Jul 21, 2008 11:27pm
Quoting KissFan
DLHC on daily. I'm in long once price retraces back to 2.00. I would really like for everyone else on the planet to take this trade as well.
lol
When life gives you lemons, make lemonade
  • #76,676
  • Jul 21, 2008 11:54pm Jul 21, 2008 11:54pm
dont go long guys yet please. let it touch 2.05
When life gives you lemons, make lemonade
  • #76,677
  • Jul 21, 2008 11:57pm Jul 21, 2008 11:57pm
Quoting micho
dont go long guys yet please. let it touch 2.05
you gonna have to go lower than that bro..........
  • #76,678
  • Jul 22, 2008 12:00am Jul 22, 2008 12:00am
Quoting AmeriTrini
you gonna have to go lower than that bro..........
that would be even betterrrr
When life gives you lemons, make lemonade
  • #76,679
  • Jul 22, 2008 12:01am Jul 22, 2008 12:01am
i hope the big boys didnt hear me speak
When life gives you lemons, make lemonade
  • #76,680
  • Jul 22, 2008 12:19am Jul 22, 2008 12:19am
Quoting AmeriTrini
you gonna have to go lower than that bro..........
I think what Micho might mean 2.0050 or so......
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