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Cable Update (GBPUSD)

  • #81,041
  • Aug 8, 2008 8:52am Aug 8, 2008 8:52am
Quoting nAVIN2007
yeah .....now we need rain to put the fire out and find some fresh bulls cause these ones are tired
lol
keep on buyin man
u cant even take advice from an experienced trader

wait whats that on my screen? its cable making new lows by the second
  • #81,042
  • Aug 8, 2008 8:53am Aug 8, 2008 8:53am
That'll be a No then, lol!

'...the question is whether this is the daill low, partticularly with position squaring/profit taking ahead of the w/e and as the Olympics get underway with a spectacular opening ceromony going on in Bejing?..'
ex member
  • #81,043
  • Aug 8, 2008 8:56am Aug 8, 2008 8:56am
Quoting boxingislife
lol
keep on buyin man
u cant even take advice from an experienced trader

wait whats that on my screen? its cable making new lows by the second
i aint buying shit .....lets just see where it ends...blown account ..probably
i here what yur saying and i agree....but it cant help me now can it....can only note it for the future
  • #81,044
  • Aug 8, 2008 8:59am Aug 8, 2008 8:59am
Quoting boxingislife
lol
keep on buyin man
u cant even take advice from an experienced trader

wait whats that on my screen? its cable making new lows by the second
longs should pay up, cut losses, move on to next trade - accept things have changed, marriage to trades is account killing strategy, especially when there is a break out as a significant as this, prefer to lose opinion than my money.....
Trading is 80% Emotional, 20% Technical
  • #81,045
  • Aug 8, 2008 8:59am Aug 8, 2008 8:59am
you'll see it on the lower t/f's again the pullback from 9190 area found resistance at the broken support area 9215...
Attached Image (click to enlarge)
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ex member
  • #81,046
  • Aug 8, 2008 9:04am Aug 8, 2008 9:04am
whoa ... is this for real ??? no brake for gbp ....
dollar is really kicking every currencies ass ....
  • #81,047
  • Aug 8, 2008 9:12am Aug 8, 2008 9:12am
Worth 1,000
http://artfiles.art.com/images/-/Bea...C11730579.jpeg
  • #81,048
  • Aug 8, 2008 9:13am Aug 8, 2008 9:13am
50% retracement coming up.... This is a definite Trend reversal. It may retrace some but doesn't look at it'll stop going down anytime soon either according to weekly MACD.
Attached Image (click to enlarge)
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  • #81,049
  • Aug 8, 2008 9:16am Aug 8, 2008 9:16am
Forget Cable @ 2.00 for long, long, long time.
Attached Image
  • #81,050
  • Aug 8, 2008 9:17am Aug 8, 2008 9:17am
Quoting bbmac
£$ ....of the weekly potential support zone 9140-9550, being comprised of former swing highs on that chart. ....
MNi touting bids 9150/40 as price takes a bounce at t 9144 around that level previously mentioned above...price now 291 down on the day....9190 the first broken intraday swing lows ...the potential first resistance on any extended pullback from this 9150/40 level, 23.6% of the intraday move down now sits at that 9215 level.
ex member
  • #81,051
  • Aug 8, 2008 9:21am Aug 8, 2008 9:21am
Ok Im seeing that as the week low.
Attached Image (click to enlarge)
Click to Enlarge Name: cable weekly clear.gif Size: 32 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #81,052
  • Aug 8, 2008 9:29am Aug 8, 2008 9:29am
Are you still hanging in there?
Attached Image
  • #81,053
  • Aug 8, 2008 9:32am Aug 8, 2008 9:32am
My blood pressure is high right now and we have 5.5 hours left to close the market. I am praying that it will close above 1.9220 mark to start the next week.

I am so stupid enough to take a new long position at 1.9304 in a separate account; what I will do turn off everything and will check at 4:00 pm Eastern tiime....

The only wory for me is I don't know cable will take how much time to get back in 1.96/1.97 level next week but currently I am waiting to perform the bottom bottom which is currently @ 1.9144. I strongly prey that this level will not break until 4:00 pm Eastern time today.......

Thanks,

Alqaz Syed.
  • #81,054
  • Aug 8, 2008 9:32am Aug 8, 2008 9:32am
Thanks for the chart bones, exactly what I'm see-ing here too. Certainly a smart 50+ pip recovery/pullback of that level so far,....this 9190/92 the first barrier to any extended recovery.
ex member
  • #81,055
  • Aug 8, 2008 9:36am Aug 8, 2008 9:36am
Quoting asyed4
My blood pressure is high right now and we have 5.5 hours left to close the market. I am praying that it will close above 1.9220 mark to start the next week.

I am so stupid enough to take a new long position at 1.9304 in a separate account; what I will do turn off everything and will check at 4:00 pm Eastern tiime....

The only wory for me is I don't know cable will take how much time to get back in 1.96/1.97 level next week but currently I am waiting to perform the bottom bottom which is currently @ 1.9144. I strongly prey that this level will not break until 4:00 pm Eastern time today.......

Thanks,

Alqaz Syed.
i think it going to take ages to go back...u know im stress with my month is shut....damn man i got high blood pressure now...1.9144 better hold 50% fibo is there too...if that breaks we go no chance in hell of recovery
  • #81,056
  • Aug 8, 2008 9:36am Aug 8, 2008 9:36am
Attached Image
  • #81,057
  • Aug 8, 2008 9:39am Aug 8, 2008 9:39am
Agreed BB if we can get up above the 200 mark in 1 hour 20 min the 4hr might mark the end for us.
Im not in just observing,lol
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #81,058
  • Aug 8, 2008 9:41am Aug 8, 2008 9:41am
Quoting nAVIN2007
i think it going to take ages to go back...u know im stress with my month is shut....damn man i got high blood pressure now...1.9144 better hold 50% fibo is there too...if that breaks we go no chance in hell of recovery

Hi nav, sorry to here things stressfukl atm...you mention a 505 fib at 9144 mate, what swing lo-hi is that? thanks
ex member
  • #81,059
  • Aug 8, 2008 9:41am Aug 8, 2008 9:41am
this is most stupid trade to date...
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  • #81,060
  • Aug 8, 2008 9:43am Aug 8, 2008 9:43am
Quoting bbmac
Hi nav, sorry to here things stressfukl atm...you mention a 505 fib at 9144 mate, what swing lo-hi is that? thanks
1.7230
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