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Cable Update (GBPUSD)

  • #81,961
  • Aug 13, 2008 6:22am Aug 13, 2008 6:22am
Quoting NuB
1.9724 should be the last stop before a retrace to 1.9445. If there is no retrace we can expect to see 1.8019 or maybe even 1.7850 then its all down hill after that if we cant close above 1.8900 again.
If buy some LUCKY chance we get a retrace from here with a weekly close above 1.9750 it will go higher to 2.000+. But why wait months for this to possibly happen? Lets enjoy the Down trend and all its glory.
Don't Get Bitter, Get Better
  • #81,962
  • Aug 13, 2008 6:26am Aug 13, 2008 6:26am
Quoting NuB
If buy some LUCKY chance we get a retrace from here with a weekly close above 1.9750 it will go higher to 2.000+. But why wait months for this to possibly happen? Lets enjoy the Down trend and all its glory.
why would u consider a bounce off a TL to be lucky?
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  • #81,963
  • Aug 13, 2008 6:27am Aug 13, 2008 6:27am
Quoting Clouds
Back to 1.90

yeah right like its gonna retrace 300 pips in the same day it fell them
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #81,964
  • Aug 13, 2008 6:28am Aug 13, 2008 6:28am
Quoting Fx1618
ye' & what makes it bad is if its your own...
I would never say I am perfect or I dont lose. When I lose some, I fight to get it all back plus as much as the market will give me. We all go through losses at some point and thats the key, to go through. When your going through Hell, DON'T STOP.
Don't Get Bitter, Get Better
  • #81,965
  • Aug 13, 2008 6:29am Aug 13, 2008 6:29am
Quoting salah k.
yeah right like its gonna retrace 300 pips in the same day it fell them
it will. in next 2 hours actually, and it's not a retrace, it's done with the downward retrace, next target 2.16
  • #81,966
  • Aug 13, 2008 6:33am Aug 13, 2008 6:33am
Quoting Clouds
why would u consider a bounce off a TL to be lucky?
Attachment
Sorry about that, let me clarify. A Weekly close above 1.9750 would be "Lucky" for those still holding extreme longs, to break even and then profit to the up side. But until that happens, anything goes.
Don't Get Bitter, Get Better
  • #81,967
  • Aug 13, 2008 6:34am Aug 13, 2008 6:34am
Quoting Clouds
it will. in next 2 hours actually, and it's not a retrace, it's done with the downward retrace, next target 2.16
stick around cause at 9:34 exactly im callin u on the thread
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #81,968
  • Aug 13, 2008 6:37am Aug 13, 2008 6:37am
Quoting NuB
Sorry about that, let me clarify. A Weekly close above 1.9750 would be "Lucky" for those still holding extreme longs, to break even and then profit to the up side. But until that happens, anything goes.

dude idont think it will close above 9335
but no1 knows
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #81,969
  • Aug 13, 2008 6:37am Aug 13, 2008 6:37am
Quoting Carrera
It was an example. My MM allows me to have biger SL, but you know what? Many times getting in a Gartley , Buttlerfly even AB=CD, price doesn't go more than 15 or 20 pips against me.
Are there any EAs you'd recommend that help automate the pattern recognition process, or do you do it all manually?

thanks
Darkness lies one inch ahead..
  • #81,970
  • Aug 13, 2008 6:38am Aug 13, 2008 6:38am
Quoting NuB
Sorry about that, let me clarify. A Weekly close above 1.9750 would be "Lucky" for those still holding extreme longs, to break even and then profit to the up side. But until that happens, anything goes.
Then again who knows, It might disrespect this TL and say F*ck it I'm going south. "F*ck yo couch", "They should have never gave you traders money"
Don't Get Bitter, Get Better
  • #81,971
  • Aug 13, 2008 6:41am Aug 13, 2008 6:41am
Quoting Clouds
why would u consider a bounce off a TL to be lucky?
Attachment
Hi Cloud. It all depends how you draw your TL! sorry, I have problems posting my chart so here's simple description of what I mean:

your TL start with low ~1.57 in Sept'03 on the left of your chart, but if you draw the TL starting with the low ~1.41 made ~March'02, we have a clear TL break on the weekly chart!

What do you reckon?
Consistency and patience is everything
  • #81,972
  • Aug 13, 2008 6:42am Aug 13, 2008 6:42am
Quoting salah k.
dude idont think it will close above 9335
but no1 knows
Like I said, anything goes. I don't care who she @&%#$, as long as she pays me.
Don't Get Bitter, Get Better
  • #81,973
  • Aug 13, 2008 6:44am Aug 13, 2008 6:44am
Quoting Geldmeister
Hi Cloud. It all depends how you draw your TL! sorry, I have problems posting my chart so here's simple description of what I mean:

your TL start with low ~1.57 in Sept'03 on the left of your chart, but if you draw the TL starting with the low ~1.41 made ~March'02, we have a clear TL break on the weekly chart!

What do you reckon?
Yes, I'm aware of the TL 1.41, but if u draw parallel lines, it appears to be in this channel now.
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Then here are the others
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  • #81,974
  • Aug 13, 2008 6:49am Aug 13, 2008 6:49am
i think its gonna hit 272 next
man cable is a beast
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  • #81,975
  • Aug 13, 2008 6:50am Aug 13, 2008 6:50am
no boxing i think u read the charts wrong
from ur charts it looks like cable will hit 850 in these 6 hours
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #81,976
  • Edited 9:25am Aug 13, 2008 6:53am | Edited 9:25am
Quoting Geldmeister
Hi Cloud. It all depends how you draw your TL! sorry, I have problems posting my chart so here's simple description of what I mean:

your TL start with low ~1.57 in Sept'03 on the left of your chart, but if you draw the TL starting with the low ~1.41 made ~March'02, we have a clear TL break on the weekly chart!

What do you reckon?
Thats a good point. I'll keep that TL (1.9000+) in mind. But we need a weekly (if not monthly) close below to be a significant break IMHO. If it keeps going down and closes below 1.8200 by friday or anytime soon, then all bets might be off for longs.
Don't Get Bitter, Get Better
  • #81,977
  • Aug 13, 2008 6:53am Aug 13, 2008 6:53am
Quoting salah k.
no boxing i think u read the charts wrong
from ur charts it looks like cable will hit 850 in these 6 hours
Any chance explaining how you came to that conclusion?
  • #81,978
  • Aug 13, 2008 6:56am Aug 13, 2008 6:56am
Quoting MarineUK
Any chance explaining how you came to that conclusion?
dude its a joke
we were just horsing around
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #81,979
  • Aug 13, 2008 6:58am Aug 13, 2008 6:58am
Quoting salah k.
dude its a joke
we were just horsing around

Ahhhhhhhhhhhhh. Silly me.
  • #81,980
  • Aug 13, 2008 7:00am Aug 13, 2008 7:00am
Quoting SamuelOnline
Buhahahaha!!!!

Calm, guys...or also I will be despaired...

Trying a long from 1.8765!

Good luck & success!
The best entry...still holding a beautiful long from 1.8765!
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