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Cable Update (GBPUSD)

  • #77,461
  • Jul 24, 2008 7:09am Jul 24, 2008 7:09am
Quoting eohater
I'm loaded from 1.984x area with my longs. I could be wrong, but it's the bottom of my upwards channel on my 4 hour char. This channel has been going since the 13th of June.
same here bro we in the channel and its the bottom alright...but weekly chart and dailly doesnt in my mind suggest a bullish move like that...i see 2.0155 max
this is why i was thinking short all the time we at those levels..

im in the trade for the long and the minute i see a bearish pin im out ...first stop is 1.9900..lets see what happens there
  • #77,462
  • Jul 24, 2008 7:10am Jul 24, 2008 7:10am
Quoting nAVIN2007
same here bro we in the channel and its the bottom alright...but weekly chart and dailly doesnt in my mind suggest a bullish move like that...i see 2.0155 max
this is why i was thinking short all the time we at those levels..

im in the trade for the long and the minute i see a bearish pin im out ...forst stop is 1.9900..lets see what happens there


Also, thank you bro for the vouch!
Just digging in the trenches like everyone else!
  • #77,463
  • Edited 7:27am Jul 24, 2008 7:16am | Edited 7:27am
Quoting eohater


Also, thank you bro for the vouch!
wellcome bro ....

this could be a ABCD but that only come into play if 2.0155 breaks..then 2.04 can come otheriwise downtrend..is my view on it
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  • #77,464
  • Jul 24, 2008 7:22am Jul 24, 2008 7:22am
Quoting eohater
I'm loaded from 1.984x area with my longs. I could be wrong, but it's the bottom of my upwards channel on my 4 hour char. This channel has been going since the 13th of June.
what's your TP bro?because i think it will go up to 1.99
  • #77,465
  • Jul 24, 2008 7:36am Jul 24, 2008 7:36am
Quoting nAVIN2007
even myself this week has been mad....we buying a house and the motagage people doing everything to make getting the loan very hard....they just dont wont to give any1 any money and im placing 30% deposit.....
hey nav, good luck with the house bro
Trading is 80% Emotional, 20% Technical
  • #77,466
  • Jul 24, 2008 7:39am Jul 24, 2008 7:39am
wow 406k could be nice fuel for a bounce here I guess.. thats pathetic. We'll see..
USD Est Non Mortuus
  • #77,467
  • Jul 24, 2008 7:40am Jul 24, 2008 7:40am
Quoting fx local
hey nav, good luck with the house bro
thanks man ......employment figures are very bad yet cable reaction so far is down?????
  • #77,468
  • Jul 24, 2008 7:40am Jul 24, 2008 7:40am
Quoting LuckyLurker
wow 406k could be nice fuel for a bounce here I guess.. thats pathetic. We'll see..
figures crap shoot these days
Trading is 80% Emotional, 20% Technical
  • #77,469
  • Jul 24, 2008 7:43am Jul 24, 2008 7:43am
Quoting fx local
figures crap shoot these days
Yea if market ignores this horrid reality check from the US.. then this thing realllly wants to go down. UK inflation might just outweigh it..
USD Est Non Mortuus
  • #77,470
  • Jul 24, 2008 7:44am Jul 24, 2008 7:44am
Quoting LuckyLurker
Yea if market ignores this horrid reality check from the US.. then this thing realllly wants to go down.
defo on that..maybe still in shock
  • #77,471
  • Jul 24, 2008 7:45am Jul 24, 2008 7:45am
why its going down.. while Unemployment Claims is bad?
btw im long now~
  • #77,472
  • Jul 24, 2008 7:47am Jul 24, 2008 7:47am
Quoting Infinity
Naked Gu weekly chart.....

We could see some more bearish action next week based on this week's close. The long wick at the top and the close below 2.000 could take us back down to 9800 area. If 9800 is taken out then we could possibly be heading back down to 9600 area. Next week should be interesting....
Weekly charts.....
Patience + Discipline - Greed = Success
  • #77,473
  • Jul 24, 2008 7:49am Jul 24, 2008 7:49am
Quoting iflogic
why its going down.. while Unemployment Claims is bad?
btw im long same place with Nav~
whats your SL?
  • #77,474
  • Jul 24, 2008 7:50am Jul 24, 2008 7:50am
Quoting iflogic
why its going down.. while Unemployment Claims is bad?
btw im long same place with Nav~
this suggest that we not likely going to break 1.9900....i was kinda hoping this news would have had helped break that.....
  • #77,475
  • Jul 24, 2008 7:51am Jul 24, 2008 7:51am
Quoting Infinity
Weekly charts.....
they help me big time infact i cant trade without it
  • #77,476
  • Jul 24, 2008 7:55am Jul 24, 2008 7:55am
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When life gives you lemons, make lemonade
  • #77,477
  • Jul 24, 2008 7:56am Jul 24, 2008 7:56am
im out after twice seeing 40 pips... oh well 80 pips given up, didnt short in the end either.... awating next good opp...
Trading is 80% Emotional, 20% Technical
  • #77,478
  • Jul 24, 2008 7:58am Jul 24, 2008 7:58am
this makes no sense....bad US data and it breaking support??????
  • #77,479
  • Jul 24, 2008 8:01am Jul 24, 2008 8:01am
yep. 800 will be sticky though. If so not till after 10 id imagine. lots of support here.
USD Est Non Mortuus
  • #77,480
  • Jul 24, 2008 8:02am Jul 24, 2008 8:02am
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When life gives you lemons, make lemonade
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