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Cable Update (GBPUSD)

  • #91,301
  • Oct 13, 2008 9:16am Oct 13, 2008 9:16am
Quoting "expert"
well You could go long when i said as well.

And who say this is top .

You know i was writing 17600 and maybe 1800 as possible
Temporary top !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #91,302
  • Oct 13, 2008 9:19am Oct 13, 2008 9:19am
Quoting albashir
hello EOhater,
I was wondering if this is the period it usualy give back wat it took from opening...with regards to ur friday post..don't wanna miss this...ok its down now how long before retracement?
Watch your charts. I will have confirmation of my short once it breaks the 10ema on the 15m chart. Once she breaks it, she will come back up and try and go back through, if she fails, the 10ema just became resistance and she will continue to fall. Just don't sell the bottom! Right now she's treating the 10ema as support and she's bounced back up.
Just digging in the trenches like everyone else!
  • #91,303
  • Oct 13, 2008 9:20am Oct 13, 2008 9:20am
This is what going to happen.
Every trader expect a reversal but instead this baby going to shoot to 1.76XX
I'm hanging on to my long enterd @ 1.7200.
  • #91,304
  • Oct 13, 2008 9:21am Oct 13, 2008 9:21am
Quoting nangro
based on my chart if m15 10ema broke next target maybe 1st 1.7325 2nd 1.727..
My target price for profit will be 1.725x if she breaks the 10ema. She might not break it and continue going north.
Just digging in the trenches like everyone else!
  • #91,305
  • Oct 13, 2008 9:21am Oct 13, 2008 9:21am
On friday in this situation i was short.But now same ema only 4 hr chart for me and i see this as small retrace.

i am still long.Show willl go on.

But takes to much time.If soon not up will lost power and going down.
  • #91,306
  • Oct 13, 2008 9:21am Oct 13, 2008 9:21am
Quoting gagakrimba
This is what going to happen.
Every trader expect a reversal but instead this baby going to shoot to 1.76XX )
She could. Anything is possible.
Just digging in the trenches like everyone else!
  • #91,307
  • Oct 13, 2008 9:22am Oct 13, 2008 9:22am
Quoting eohater
If we break the 10ema with confirmation, I'll be targeting the 35sma on the 15m chart.

In case anyone doesn't know, I'm short from 1.74
I hope u have SL in place...U r going against CT...buddy..H1 TF is Up trend...and now they are trying to break...1.74xx region...

Of course anything is possible...then why we bother looking/learning at the chart..

Sonic
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  • #91,308
  • Oct 13, 2008 9:23am Oct 13, 2008 9:23am
Quoting sonicdeejay
I hope u have SL in place...H1 TF is Up trend...and now they are trying to break...1.74xx region...

Sonic
It's all good! I'm not afraid to take a loss. It's part of trading. Right now I'm still holding.
Just digging in the trenches like everyone else!
  • #91,309
  • Oct 13, 2008 9:26am Oct 13, 2008 9:26am
Already at the day's high.
This baby is going north with small retracement occasionally.
  • #91,310
  • Oct 13, 2008 9:27am Oct 13, 2008 9:27am
Quoting eohater
I'm not afraid to take a loss. It's part of trading.
That prove me, that u r one seasoned trader...
No worry mate...


I too still hold my EUR/JPY D1 TF SHORT @ +1400 pips...Depend on what TF u looking at...( u can view my journal's last few pages for statement screenshoot of it)

Sonic
  • #91,311
  • Oct 13, 2008 9:28am Oct 13, 2008 9:28am
Market should hold major support at 1.6720 before rising towards 1.7223 or even 1.7393 limit.
  • #91,312
  • Oct 13, 2008 9:28am Oct 13, 2008 9:28am
if 1.742 brake there will be big up move and we have a new trend here but i am not in yet waiting for the new trend confirm 1st..
wish me luck!
  • #91,313
  • Oct 13, 2008 9:29am Oct 13, 2008 9:29am
Quoting manize
Go long at the top is really worthy at present ! As long as no greedy ! `

Look the price now.
  • #91,314
  • Oct 13, 2008 9:29am Oct 13, 2008 9:29am
Quoting sonicdeejay
That prove me, that u r one seasoned trader...
No worry mate...


Sonic
Thank you!
Just digging in the trenches like everyone else!
  • #91,315
  • Oct 13, 2008 9:31am Oct 13, 2008 9:31am
No clue to go down on M1 !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #91,316
  • Oct 13, 2008 9:35am Oct 13, 2008 9:35am
well looks like it done retracing and going up now...but for how long are the bull going to hold the bear to a halt?
  • #91,317
  • Oct 13, 2008 9:35am Oct 13, 2008 9:35am
we are OB on all TF bur 4 hr and daily.What a day
  • #91,318
  • Oct 13, 2008 9:38am Oct 13, 2008 9:38am
Quoting eohater
She could. Anything is possible.
i'm pretty agree with you eo price is in uptrend but they should move down to 1.727 (on my chart) after that it will shoot up to 1.76 but price should brake 1.742 to make a new trend! but i think this is too risky and i have no much money to gamble with i have losses to many!!!

however i am just newbie so i should make many mistake to my analysis..
wish me luck!
  • #91,319
  • Oct 13, 2008 9:41am Oct 13, 2008 9:41am
Another shoot up?
Perhaps 100++pips this time
  • #91,320
  • Oct 13, 2008 9:46am Oct 13, 2008 9:46am
Quoting peulthai
1.7032... What do you think of the analysis below...

GBP-USD @ 1.7361/65... Rise seen today
------------------------------------------------R: 1.7390 / 1.745-70 / 1.7500 / 1.7575
S: 1.7300 / 1.7275 / 1.7200 / 1.7150 / 1.7070
The pair has seen a sharp rise in the day to 1.7345. However, the pair could now face some Resistance near 1.7350-80 today. Also a dip towards 1.7200 could be seen before further upside becomes likely.

Overall the pair could slip lower once again towards 1.72 and 1.70 if the Resistance at 1.7350-7400 holds. However, the overall view remains that the pair could trade within a wide range, the boundaries not defined immediately, over the next couple of weeks.

As long as Cable trades below 1.7640, the pair could eventually slip towards the medium term target of 1.6550, the 61.8% retracement of the fall from 1.3682 (‘01) to 2.1163 (‘08).
There are a lot of ifs and buts in the above statement. with sentiment favouring it to slip down but I think that this is based on your wanting it or needing it to go down. Maybe it will retrace, its hard to judge at the moment. But personally I wouldnt be looking at 8 year t/frames when all that has happened this year has been extra-ordinary. I would look much closer to home at more recent t/frames. If you are still holding your short I hope that it does retrace and that I and everyone else in the forum can jump aboard. But in future I would recommend that if you are holding a loosing hand you dont try to bluff with it. Get rid of it early , be happy that one of your looses is out of the way and look for another entry. Good Luck
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