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Cable Update (GBPUSD)

  • #79,621
  • Aug 4, 2008 8:49am Aug 4, 2008 8:49am
The shakeout is happening time to go long at close of four hour candle. This is just a shakeout
  • #79,622
  • Aug 4, 2008 8:54am Aug 4, 2008 8:54am
Well, I will wait for the rebound. Too risky enter now.

I personaly beilivethat it will go lower than the extension. Let see.
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Click to Enlarge Name: AB=CD 7.png Size: 193 KB
Click to Enlarge Name: Gbp negative sentiment.png Size: 35 KB
  • #79,623
  • Aug 4, 2008 8:55am Aug 4, 2008 8:55am
Wow.... it's like waterfalls
  • #79,624
  • Aug 4, 2008 8:55am Aug 4, 2008 8:55am
Quoting DJ4x
Was in green for a few min.... now back in red. hell Why all so quiet in here? Are we all holding longs
Dam did the same thing. did not close on my normal 30 pips was waiting for 1.9740 to close +50. Noe long at 1.9690 1.9660 and going to long again at 1.9600! Has to go up one day or another!!!
  • #79,625
  • Aug 4, 2008 8:59am Aug 4, 2008 8:59am
we will see 1.950 then a pop to 1.970 in the next 48hrs...As I have been stating for the last 10 days, the economic problems in the UK are going to get a lot worse before they get better..
  • #79,626
  • Aug 4, 2008 9:07am Aug 4, 2008 9:07am
Quoting Runway Trade
Dam did the same thing. did not close on my normal 30 pips was waiting for 1.9740 to close +50. Noe long at 1.9690 1.9660 and going to long again at 1.9600! Has to go up one day or another!!!
Greed gets me everytime!!!. My wake up call I suppose. Was getting too confident.
  • #79,627
  • Aug 4, 2008 9:12am Aug 4, 2008 9:12am
Quoting LuckyLurker
My buy this high is light.. but yea.. as it gets lower ill add heavy.. can I borrow some cash from your retirement fund Al?
My son is here for a week and is already sucking my retirement fund dry - he went to get drunk in a gang area on my pedal cycle last night and he was insulting some big crack addict and his girlfriend who live in a pick up truck - touching her up apparently though he denies it - he got back with his life just about. This is day one of his visit and my nerves are in shreds

Jeez, as if I don't have enough trouble with cable

Ok working on the theory that if it does go to 1.82, then it wont get there in a straight line and any big moves mostly have bounce, I will go with a long but with extreme caution as its all 'ifs' and 'usuallys' at the moment

oh no - Now I have the cat walking on the keyboard and placing trades ! gimme more !
  • #79,628
  • Aug 4, 2008 9:14am Aug 4, 2008 9:14am
Quoting allserene
My son is here for a week and is already sucking my retirement fund dry - he went to get drunk in a gang area on my pedal cycle last night and he was insulting some big crack addict and his girlfriend who live in a pick up truck - touching her up apparently though he denies it - he got back with his life just about. This is day one of his visit and my nerves are in shreds

Jeez, as if I don't have enough trouble with cable

Ok working on the theory that if it does go to 1.82, then it wont get there in a straight line and any big moves mostly have bounce, I will go with a long but with extreme caution as its all 'ifs' and 'usuallys' at the moment

oh no - Now I have the cat walking on the keyboard and placing trades ! gimme more !
Cat would of had you a great entry point at 600! Don't punt the cat yet!
USD Est Non Mortuus
  • #79,629
  • Aug 4, 2008 9:16am Aug 4, 2008 9:16am
downnnnnnnnnnnn
I Deeply Love My Virtual Life In Virtual World , RLC
  • #79,630
  • Aug 4, 2008 9:19am Aug 4, 2008 9:19am
Quoting notme32
downnnnnnnnnnnn

let it first test 1.9715 then sink ...

my ass went long @ 1.9606
  • #79,631
  • Aug 4, 2008 9:20am Aug 4, 2008 9:20am
waiting for the next 2 4h candles to close for clear confirmation then loading up if it looks ok. Around 4:30 est
USD Est Non Mortuus
  • #79,632
  • Aug 4, 2008 9:27am Aug 4, 2008 9:27am
my stop loss got hit today wou houuuuuu






lol damn it
When life gives you lemons, make lemonade
  • #79,633
  • Aug 4, 2008 9:28am Aug 4, 2008 9:28am
Quoting LuckyLurker
waiting for the next 2 4h candles to close for clear confirmation then loading up if it looks ok. Around 4:30 est
what target are u aiming for...?
  • #79,634
  • Aug 4, 2008 9:28am Aug 4, 2008 9:28am
When life gives you lemons, make lemonade
  • #79,635
  • Aug 4, 2008 9:33am Aug 4, 2008 9:33am
Quoting LuckyLurker
waiting for the next 2 4h candles to close for clear confirmation then loading up if it looks ok. Around 4:30 est
i see 1.9700 max for long...seems bearish like crazy to me
  • #79,636
  • Aug 4, 2008 9:33am Aug 4, 2008 9:33am
Quoting nAVIN2007
what target are u aiming for...?
800 - 850 but depending on how it looks around 760 I might bail. Might even be a shorty around there.. Play it by ear.
USD Est Non Mortuus
  • #79,637
  • Aug 4, 2008 9:39am Aug 4, 2008 9:39am
Quoting nAVIN2007
i see 1.9700 max for long...seems bearish like crazy to me
yep..me too
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  • #79,638
  • Aug 4, 2008 9:42am Aug 4, 2008 9:42am
Quoting LuckyLurker
800 - 850 but depending on how it looks around 760 I might bail. Might even be a shorty around there.. Play it by ear.
i hope so i have pending order for short around there, we should at least test the bottom channel trendline
Attached Image (click to enlarge)
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  • #79,639
  • Aug 4, 2008 9:42am Aug 4, 2008 9:42am
what a day, what a day...
i'm going to doubt if we could see 199 soon
  • #79,640
  • Aug 4, 2008 9:43am Aug 4, 2008 9:43am
possible up 198 then again down..
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