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Cable Update (GBPUSD)

  • #84,761
  • Aug 28, 2008 11:04pm Aug 28, 2008 11:04pm
some ppl said that GU wll go up to 1.8500..
  • #84,762
  • Aug 28, 2008 11:12pm Aug 28, 2008 11:12pm
Quoting AMFfx
some ppl said that GU wll go up to 1.8500..
I hope it does for anyone holding a long currently.
Just digging in the trenches like everyone else!
  • #84,763
  • Aug 28, 2008 11:20pm Aug 28, 2008 11:20pm
Dear, Eohater

Are you long or short
  • #84,764
  • Aug 28, 2008 11:21pm Aug 28, 2008 11:21pm
Hi everyone, i see you guys talking about gu possibly going back up. That's what i was thinking but i just don't have any confirmation yet. Would love to see other's inputs on this.
  • #84,765
  • Aug 28, 2008 11:24pm Aug 28, 2008 11:24pm
Im going short.... TL lines up great on 4 hour chart
Lets do this...
  • #84,766
  • Aug 28, 2008 11:25pm Aug 28, 2008 11:25pm
It is above the daily pivot line so i am really considering taking a long at this point? Does anyone have any opinion "analysis" about taking a long?
  • #84,767
  • Aug 28, 2008 11:29pm Aug 28, 2008 11:29pm
Quoting Forextrader4
It is above the daily pivot line so i am really considering taking a long at this point? Does anyone have any opinion "analysis" about taking a long?
It was present but, closed long.
I was afraid
  • #84,768
  • Aug 28, 2008 11:34pm Aug 28, 2008 11:34pm
hi folks i havent been on the forums for a long time but just drooped by to say i am short at 1.8323 first target 1.8280 for second lot will put s/l at b/e and go to sleep
  • #84,769
  • Aug 28, 2008 11:35pm Aug 28, 2008 11:35pm
I enter short at 1.8323
TP +/- 1.8200
SL 1.8330
"Invest With The Insiders, Not The Masses" George Muzea
  • #84,770
  • Aug 28, 2008 11:39pm Aug 28, 2008 11:39pm
30Min charts
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  • #84,771
  • Aug 28, 2008 11:57pm Aug 28, 2008 11:57pm
Quoting Optimum
Dear, Eohater

Are you long or short
No position currently
Just digging in the trenches like everyone else!
  • #84,772
  • Aug 28, 2008 11:59pm Aug 28, 2008 11:59pm
Arguments for Long

Above Daily Pivot
Cable oversold
Oil Price rising
RSI (14) over 50 (just)

Argument for Short

Strong downtrend
Below 30 SMA
Already retraced 50% of last down move
  • #84,773
  • Aug 29, 2008 12:02am Aug 29, 2008 12:02am
Quoting Optimum
Dear, Eohater

Are you long or short
My long entry signal was for the price of 1.8317. I didn't fill the position though, but from looking at the current situation, she could run to 1.836x.
Just digging in the trenches like everyone else!
  • #84,774
  • Aug 29, 2008 12:03am Aug 29, 2008 12:03am
short from 1.8329, s/l at 1.8402
Do you think the karate kid knows kung-fu?
  • #84,775
  • Aug 29, 2008 12:06am Aug 29, 2008 12:06am
I took a long at 1.8324 and exited at 1.8336. I see next resistance level at 1.8380. If it breaks that im going long again maybe for another 20 pips.
  • #84,776
  • Aug 29, 2008 12:07am Aug 29, 2008 12:07am
tell me why u did this,not that I don't agree but what did u see?
Quoting ddblue
short from 1.8329, s/l at 1.8402
  • #84,777
  • Aug 29, 2008 12:09am Aug 29, 2008 12:09am
Quoting Forextrader4
I took a long at 1.8324 and exited at 1.8336. I see next resistance level at 1.8380. If it breaks that im going long again maybe for another 20 pips.
I've been watching you. Good job on sticking to your plan of 30 pips and done! Big lots can pay you well for trading like that.
Just digging in the trenches like everyone else!
  • #84,778
  • Aug 29, 2008 12:15am Aug 29, 2008 12:15am
Quoting kamsurin
Arguments for Long

Above Daily Pivot
Cable oversold
Oil Price rising
RSI (14) over 50 (just)

Argument for Short

Strong downtrend
Below 30 SMA
Already retraced 50% of last down move

Am short at 1.8338, SL 1.8350, TP 1.8263 (though i see it go lower than that)
  • #84,779
  • Aug 29, 2008 12:19am Aug 29, 2008 12:19am
I'm still long from 315, the next r-levels are at 349 and 378. The latter is my current estimate for daily top...

Quoting Forextrader4
I took a long at 1.8324 and exited at 1.8336. I see next resistance level at 1.8380. If it breaks that im going long again maybe for another 20 pips.
  • #84,780
  • Aug 29, 2008 12:20am Aug 29, 2008 12:20am
Quoting torcuswelby
tell me why u did this,not that I don't agree but what did u see?
I believe that the overall trend is down. I set my stop at 402 because I believe in 50's and 00's being significant psychological levels of support / resistance. Also, I just don't feel that it has the legs to go *that* much higher. But I could be wrong (that's what the stop is for).

To be honest, I'm still working out my own system, as this is my first foray into the 'trending markets'.

Also, please refer to my sig
Do you think the karate kid knows kung-fu?
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