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Cable Update (GBPUSD)

  • #88,221
  • Sep 17, 2008 6:39am Sep 17, 2008 6:39am
Here is my TP guys. She will eventually end up here by weeks end, I believe.

Jim
Attached Image (click to enlarge)
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  • #88,222
  • Sep 17, 2008 6:40am Sep 17, 2008 6:40am
try etradespreadbetting.com
3 pip spread and they dont liquidate open positions overnight
  • #88,223
  • Sep 17, 2008 7:03am Sep 17, 2008 7:03am
Quoting behram
try etradespreadbetting.com
3 pip spread and they dont liquidate open positions overnight
Dont miss out on the £70 referral fee. Both parties receive it.
  • #88,224
  • Sep 17, 2008 7:07am Sep 17, 2008 7:07am
Quoting finian204rea
does this mean th gbp would strenghting today?
Perhaps, only for today. The 4 hour chart seems to show a short term strenghtening for the cable (ie. trying to break out of its wedge), but will go no higher than 1.8060. Cable is weakening in the medium term. Wait for NY opening.
  • #88,225
  • Sep 17, 2008 7:20am Sep 17, 2008 7:20am
we still in the middle of nothing....
to me that a bullish wedge..i suspect a break to the upside target around 1.83, not trading it thou...lol
or it may be a descending traingle...really not sure if descending traingle then down otherwise up, its very hard to say.

what do u guy thinks ?
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  • #88,226
  • Sep 17, 2008 7:24am Sep 17, 2008 7:24am
lots of action on eur/usd bouncing of the 0.00% and 61.8% fibs on M5 chart
  • #88,227
  • Sep 17, 2008 7:41am Sep 17, 2008 7:41am
i guess you didn't have to be a rocket scientist to know that news was going to be bad, and it wasn't all that bad so it didn't effect the market...
  • #88,228
  • Sep 17, 2008 7:48am Sep 17, 2008 7:48am
Quoting pip me
i guess you didn't have to be a rocket scientist to know that news was going to be bad, and it wasn't all that bad so it didn't effect the market...
any1 trading this is either extremely good or blowing there account..looks like random movement completly betwwen the weekly pivot and the actual pivot
  • #88,229
  • Sep 17, 2008 7:48am Sep 17, 2008 7:48am
Quoting pip me
i guess you didn't have to be a rocket scientist to know that news was going to be bad, and it wasn't all that bad so it didn't effect the market...
but lets give the market some time - an hour?
Jesus Christ is my only Lord !
  • #88,230
  • Sep 17, 2008 7:49am Sep 17, 2008 7:49am
Quoting pip me
i guess you didn't have to be a rocket scientist to know that news was going to be bad, and it wasn't all that bad so it didn't effect the market...
which part of it wasnt all that bad ? It was terrible and much worse than expected - the market is just jittery at the moment - 3 months back when it was trending - news like this would have thrown the usd off by atleast 80 pips - but not now - most investors are looking at closing whatever they can and repatriate their money
  • #88,231
  • Sep 17, 2008 8:02am Sep 17, 2008 8:02am
Quoting gmohata
which part of it wasnt all that bad ? It was terrible and much worse than expected - the market is just jittery at the moment - 3 months back when it was trending - news like this would have thrown the usd off by atleast 80 pips - but not now - most investors are looking at closing whatever they can and repatriate their money
it can't of been too much worse than expected because the market still hasn't gone up from when it was announced
  • #88,232
  • Sep 17, 2008 8:04am Sep 17, 2008 8:04am
Quoting pip me
it can't of been too much worse than expected because the market still hasn't gone up from when it was announced
credit crunch, market is suffering low liquidity, needs another cash injection like b4, it seems lots of people have been losing in the markets
  • #88,233
  • Sep 17, 2008 8:32am Sep 17, 2008 8:32am
Quoting nAVIN2007
we still in the middle of nothing....
to me that a bullish wedge..i suspect a break to the upside target around 1.83, not trading it thou...lol
or it may be a descending traingle...really not sure if descending traingle then down otherwise up, its very hard to say.

what do u guy thinks ?
hi navin i think that the TL resistance you draw (the inner one) is bad drawed, if you draw it a little more below from its actual place you can see that its already break, makin a pullback and searchin for the exterior resistance. You can see that little move make coincide the TL with the resistances of the Fibo you put in the chart.

and yes, it's a bullish wedge.

i'm long @ 1.7855 since 12h ago (i'd been -55 after news, now i'm +30)
  • #88,234
  • Sep 17, 2008 8:45am Sep 17, 2008 8:45am
Quoting cesarg
hi navin i think that the TL resistance you draw (the inner one) is bad drawed, if you draw it a little more below from its actual place you can see that its already break, makin a pullback and searchin for the exterior resistance. You can see that little move make coincide the TL with the resistances of the Fibo you put in the chart.

and yes, it's a bullish wedge.

i'm long @ 1.7855 since 12h ago (i'd been -55 after news, now i'm +30)
thanks buddy ....i did think it was a bullish wedge especially since we have a pole, when it goes up it will fly.. second trendline just there for reference really..good luck with the trade
  • #88,235
  • Sep 17, 2008 8:46am Sep 17, 2008 8:46am
@800,76
Jesus Christ is my only Lord !
  • #88,236
  • Sep 17, 2008 8:49am Sep 17, 2008 8:49am
....
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  • #88,237
  • Sep 17, 2008 8:51am Sep 17, 2008 8:51am
Quoting nAVIN2007
thanks buddy ....i did think it was a bullish wedge especially since we have a pole, when it goes up it will fly.. second trendline just there for reference really..good luck with the trade


bullish wedge, just like GOLD, and is broke now... I think gold will touch 836 soon. so, gu move up too....
  • #88,238
  • Sep 17, 2008 8:56am Sep 17, 2008 8:56am
Quoting cesarg
bullish wedge, just like GOLD, and is broke now... I think gold will touch 836 soon. so, gu move up too....
good stuff
  • #88,239
  • Sep 17, 2008 9:23am Sep 17, 2008 9:23am
Back in the forms how is everyone?
  • #88,240
  • Sep 17, 2008 9:44am Sep 17, 2008 9:44am
Quoting Mr PIP DADDY
Back in the forms how is everyone?
great!
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