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Cable Update (GBPUSD)

  • #82,281
  • Aug 14, 2008 5:36am Aug 14, 2008 5:36am
Quoting salah k.
3m yekol croissant 3l tour d'eifel
lol always croissanttt
When life gives you lemons, make lemonade
  • #82,282
  • Aug 14, 2008 5:40am Aug 14, 2008 5:40am
Quoting micho
lol always croissanttt

thats the only thing good about them
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #82,283
  • Aug 14, 2008 5:41am Aug 14, 2008 5:41am
Quoting micho
lol for last 10 days i was right about my calls but i didn't enter the market only my EA screwed things up hehehehe

but these are fibo levels its not time machine
lek fibo fik wbil cable
  • #82,284
  • Aug 14, 2008 5:42am Aug 14, 2008 5:42am
Quoting boxingislife
lek fibo fik wbil cable
fiboyen w 4 MACDs
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #82,285
  • Aug 14, 2008 5:43am Aug 14, 2008 5:43am
Quoting Gubster
all the numbers from europe coming in bad for the EURO and i think GBP will follow again once the retrace has taken out some of the Shorters margins
Hi,

Please clarify your statement "once the retrace has taken out some of the Shorters margins".

Many Thanks,
  • #82,286
  • Aug 14, 2008 5:50am Aug 14, 2008 5:50am
Quoting boxingislife
lek fibo fik wbil cable
fido dido

if fibonacci saw the last trend of cable, he would become depressed
Attached Image
When life gives you lemons, make lemonade
  • #82,287
  • Aug 14, 2008 5:57am Aug 14, 2008 5:57am
Quoting micho
fido dido

if fibonacci saw the last trend of cable, he would become depressed
Once cable broke the daily support zone of 9335-9400, there were only longer term fibs and previous wkly/mthly swing hi areas to be looked at as potential support areas, the fibs being namely 7040-1162 and 3680-1162, and sure enough the 50% of former move at 9108 was breeched to the dowwnside but support has been found at it's 61.8 earlier today. As for the even longer term move mentioned above 3680-1162, well it's 23.6% had already been breeched prior to the start of this fall from 0157 so was unlikely to offer any support, it's 38.25 being at 8307 area.

I would argue that Fibs and other tech stuff does work in the markets but you have to be intelligent about how you apply it in a confluence of tech reasons to trade.
ex member
  • #82,288
  • Aug 14, 2008 5:58am Aug 14, 2008 5:58am
Quoting micho
fido dido

if fibonacci saw the last trend of cable, he would become depressed

hahahah nice one
  • #82,289
  • Aug 14, 2008 6:03am Aug 14, 2008 6:03am
Quoting boxingislife
hahahah nice one

NOOOOOOOOOOOT
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #82,290
  • Aug 14, 2008 6:03am Aug 14, 2008 6:03am
Quoting bbmac
Once cable broke the daily support zone of 9335-9400, there were only longer term fibs and previous wkly/mthly swing hi areas to be looked at as potential support areas, the fibs being namely 7040-1162 and 3680-1162, and sure enough the 50% of former move at 9108 was breeched to the dowwnside but support has been found at it's 61.8 earlier today. As for the even longer term move mentioned above 3680-1162, well it's 23.6% had already been breeched prior to the start of this fall from 0157 so was unlikely to offer any support, it's 38.25 being at 8307 area.

I would argue that Fibs and other tech stuff does work in the markets but you have to be intelligent about how you apply it in a confluence of tech reasons to trade.
i agree bro, im just kidding looooooool
When life gives you lemons, make lemonade
  • #82,291
  • Aug 14, 2008 6:11am Aug 14, 2008 6:11am
I like this thread...
http://www.forexfactory.com/news.php?do=news&id=100666
just follow the trend...
  • #82,292
  • Aug 14, 2008 6:13am Aug 14, 2008 6:13am
if this resistance break, next one 1.8790
When life gives you lemons, make lemonade
  • #82,293
  • Aug 14, 2008 6:15am Aug 14, 2008 6:15am
Quoting micho
if this resistance break, next one 1.8790
You going to long?
Keep It Simple Stupid
  • #82,294
  • Aug 14, 2008 6:17am Aug 14, 2008 6:17am
Quoting Alastair
You going to long?
nooooo

but maybe to short at that level
When life gives you lemons, make lemonade
  • #82,295
  • Aug 14, 2008 6:18am Aug 14, 2008 6:18am
Quoting micho
nooooo

but maybe to short at that level
Thank you
Keep It Simple Stupid
  • #82,296
  • Aug 14, 2008 6:20am Aug 14, 2008 6:20am
Why is she climbing so rapidly?
Keep It Simple Stupid
  • #82,297
  • Aug 14, 2008 6:22am Aug 14, 2008 6:22am
Quoting Alastair
Thank you
but u should wait to see if it will be able to break the 1.8790 before shorting cause now macd 1h still up
When life gives you lemons, make lemonade
  • #82,298
  • Aug 14, 2008 6:23am Aug 14, 2008 6:23am
Quoting Alastair
Why is she climbing so rapidly?
When life gives you lemons, make lemonade
  • #82,299
  • Aug 14, 2008 6:27am Aug 14, 2008 6:27am
Quoting micho
if it does not make 1.8790 would you short from here? even tho 1hr indicators pointing up
Keep It Simple Stupid
  • #82,300
  • Aug 14, 2008 6:29am Aug 14, 2008 6:29am
GU going down to 1.85xx!
GU going down to 1.85xx!
GU going down to 1.85xx!
GU going down to 1.85xx!
This is what we hear from left and right all over the place!

And when you just short GU hoping for 1.85xx, GU starts going back up.
Lets hope this is just a retrace
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