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Cable Update (GBPUSD)

  • #85,681
  • Sep 3, 2008 6:44am Sep 3, 2008 6:44am
short 7743. 70% trade size.

TP 45 pips.
SL 48 pips.
  • #85,682
  • Sep 3, 2008 6:47am Sep 3, 2008 6:47am
Quoting hipcio
Any way my first account has been cooked, and now I work on practice account - so please do not treat me seriously.
Bend over so we can kick you in the butt
  • #85,683
  • Sep 3, 2008 6:52am Sep 3, 2008 6:52am
Quoting toshi
Bend over so we can kick you in the butt
with my fx trade ...
Jesus Christ is my only Lord !
  • #85,684
  • Sep 3, 2008 6:59am Sep 3, 2008 6:59am
short @ 1.7736 target 15-20 pips
  • #85,685
  • Sep 3, 2008 7:15am Sep 3, 2008 7:15am
waiting to short at 7830 or near that area
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #85,686
  • Sep 3, 2008 7:17am Sep 3, 2008 7:17am
This should go to at least 1.7803 and maybe even 1.7959.

Jim
  • #85,687
  • Sep 3, 2008 7:18am Sep 3, 2008 7:18am
thankgod saw the reversal early and lost only 5 pips
  • #85,688
  • Sep 3, 2008 7:20am Sep 3, 2008 7:20am
1.7803 is the 4 Hr 8 EMA and the 1.7959 is the 4 Hr 21 EMA and this comes complete with a set of tweezers forming on the 4 Hr as well with last candle closing in 40 minutes.

Jim.
  • #85,689
  • Sep 3, 2008 7:21am Sep 3, 2008 7:21am
Quoting speedtrader8
short 7743. 70% trade size.

TP 45 pips.
SL 48 pips.

according to Algirdas Stratigy.. it will reject near 1.7781

Hope you win ...
Never sell @ lower upward channel unless breacked and vise versa .
  • #85,690
  • Sep 3, 2008 7:25am Sep 3, 2008 7:25am
There is a guy out there that has a system that calls out retraces and does a good job of it. A must read on this thread.

http://www.forexfactory.com/showthre...87#post2198187
  • #85,691
  • Sep 3, 2008 7:30am Sep 3, 2008 7:30am
short at 7765
  • #85,692
  • Sep 3, 2008 7:31am Sep 3, 2008 7:31am
I go short
Jesus Christ is my only Lord !
  • #85,693
  • Sep 3, 2008 7:45am Sep 3, 2008 7:45am
My Crystal ball is in the shop.

Quoting hipcio
I go short
  • #85,694
  • Sep 3, 2008 8:05am Sep 3, 2008 8:05am
added short at 7754
  • #85,695
  • Sep 3, 2008 8:09am Sep 3, 2008 8:09am
are most of you spread betting?
  • #85,696
  • Sep 3, 2008 8:15am Sep 3, 2008 8:15am
so cable extends it's recovery from 7665 area lows to the confluence of the previous 1hr swing lo area (y/day's lo) with the 50% fib of the fall from 7890, seeing this former support area now act as resistance.

The 1hr charts shows the area.
Attached Image
ex member
  • #85,697
  • Sep 3, 2008 8:17am Sep 3, 2008 8:17am
Quoting mr.leahy
short at 7765
im with u mate
  • #85,698
  • Sep 3, 2008 8:21am Sep 3, 2008 8:21am
Quoting bksujal
im with u mate
Yup. Shorted. Looking for 7668.
  • #85,699
  • Sep 3, 2008 8:22am Sep 3, 2008 8:22am
for a while
Jesus Christ is my only Lord !
  • #85,700
  • Sep 3, 2008 8:23am Sep 3, 2008 8:23am
Quoting seesaw
Yup. Shorted. Looking for 7668.
i have taken 30 pips since I am content with it. Gud luck 2 u
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