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Cable Update (GBPUSD)

  • #89,121
  • Sep 25, 2008 4:20pm Sep 25, 2008 4:20pm
Quoting dakrusha
HAHA....actually i had a trailing SL and it got hit...+30 for that trade..

no big..it's +

may be headed back down already to test the recent low at 8306
We still have to believe that its making a slow but steady progression up. Especially as I'm long on a larger lot size than normal. It must be my age because I entered the 2nd trade not remembering that Id already entered the 1st
  • #89,122
  • Sep 25, 2008 4:34pm Sep 25, 2008 4:34pm
close my long @1.83415 with +40 pips looking for another long entry...
wish me luck!
  • #89,123
  • Sep 25, 2008 4:57pm Sep 25, 2008 4:57pm
Look for shorts down back to 1.7500ish, would hazard a guess that most 61.8 retraces will make you a profit for the next week or two. I'll be amzed if it hits 1.87!
  • #89,124
  • Sep 25, 2008 5:01pm Sep 25, 2008 5:01pm
Quoting Gwyndaf
Look for shorts down back to 1.7500ish, would hazard a guess that most 61.8 retraces will make you a profit for the next week or two. I'll be amzed if it hits 1.87!
are you suggesting that a top was found?
I recommend you read something else as this sentence is now concluded.
  • #89,125
  • Sep 25, 2008 5:02pm Sep 25, 2008 5:02pm
thanks quick silver, ur analysis was very close to it
  • #89,126
  • Sep 25, 2008 5:11pm Sep 25, 2008 5:11pm
Hey, whaddya know? That sell I've been crying about all week hit it's t/p
Do you think the karate kid knows kung-fu?
  • #89,127
  • Sep 25, 2008 5:13pm Sep 25, 2008 5:13pm
It looks like the start of an Elliot Wave to me.
Attached Image
  • #89,128
  • Sep 25, 2008 5:18pm Sep 25, 2008 5:18pm
Quoting ddblue
Hey, whaddya know? That sell I've been crying about all week hit it's t/p
  • #89,129
  • Sep 25, 2008 5:26pm Sep 25, 2008 5:26pm
Am now looking for this to pull clear away from the 23.6 Fib.
Anyone else long still
  • #89,130
  • Sep 25, 2008 5:38pm Sep 25, 2008 5:38pm
Quoting Chris_35
Am now looking for this to pull clear away from the 23.6 Fib.
Anyone else long still
im keeping one long position open from 1.7500, TP is 1.8730.

edit: unless we have a gap to the downward "caused by the congress" .. else imma keepin' it open 'till the mentioned level
I recommend you read something else as this sentence is now concluded.
  • #89,131
  • Sep 25, 2008 5:39pm Sep 25, 2008 5:39pm
Quoting Chris_35
Am now looking for this to pull clear away from the 23.6 Fib.
Anyone else long still
I'm in long, but don't know where is TP
  • #89,132
  • Sep 25, 2008 5:45pm Sep 25, 2008 5:45pm
I would take it now, but a fantastic buy off the Fib extension off 1.7500, otherwise I would go for a stop loss at 1.800ish and then at take profit at 1.9100ish
  • #89,133
  • Sep 25, 2008 5:48pm Sep 25, 2008 5:48pm
Quoting Gwyndaf
I would take it now, but a fantastic buy off the Fib extension off 1.7500, otherwise I would go for a stop loss at 1.800ish and then at take profit at 1.9100ish
do you think price is likely to reach 1.9100?
I recommend you read something else as this sentence is now concluded.
  • #89,134
  • Sep 25, 2008 5:52pm Sep 25, 2008 5:52pm
1.9100 - NO WAY, I'm not really into fundamentals, but at a rough guess I would go for 1.6 long term, and settle, but that'll be after thingy (Xmas)
  • #89,135
  • Sep 25, 2008 5:52pm Sep 25, 2008 5:52pm
Quoting Gwyndaf
I would take it now, but a fantastic buy off the Fib extension off 1.7500, otherwise I would go for a stop loss at 1.800ish and then at take profit at 1.9100ish
Why now, cose the Asiatic trade time is coming?
  • #89,136
  • Sep 25, 2008 5:55pm Sep 25, 2008 5:55pm
Quoting Gwyndaf
I would take it now, but a fantastic buy off the Fib extension off 1.7500, otherwise I would go for a stop loss at 1.800ish and then at take profit at 1.9100ish
When 1,91?
and
what is ish ?
  • #89,137
  • Sep 25, 2008 5:55pm Sep 25, 2008 5:55pm
[quote=Obaidah;2242893]im keeping one long position open from 1.7500, TP is 1.8730.

I think you missed a golden opportunity to close your long position at 1.8668 or there about, for a possible 1168 pips imo But hey its your trade and I wish you all the best
  • #89,138
  • Sep 25, 2008 6:00pm Sep 25, 2008 6:00pm
1.9100 - NO WAY, I'm not really into fundamentals, but at a rough guess I would go for 1.6 long term, and settle, but that'll be after thingy (Xmas)

You never know if your're right, but have a look at my chart on http://www.forexfactory.com/showthre...0378&page=5942

Thing is it might well bounce from 1.75ish back up a couple of times, before going lower, but it may well be an abc where the b is at 1.8100 and c is at 1.191, but unlikely, I'm going for the Short back to 1.75
  • #89,139
  • Sep 25, 2008 6:00pm Sep 25, 2008 6:00pm
Quoting Obaidah
do you think price is likely to reach 1.9100?
Dont they have Only Fools and Horses in Turkey on the television
  • #89,140
  • Sep 25, 2008 6:05pm Sep 25, 2008 6:05pm
No there are fools and horses all over the World!
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