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Cable Update (GBPUSD)

  • #91,561
  • Oct 14, 2008 6:33am Oct 14, 2008 6:33am
Quoting belidax
Just newbies prediction
Attached Image (click to enlarge)
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Ugh... My GBP/USD touched @1.7437 area, miss the screenshoot .. only screenshoot of GBP/JPY ....

Newbies luck ....

Attached Image (click to enlarge)
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There is no spoon ................
  • #91,562
  • Oct 14, 2008 6:34am Oct 14, 2008 6:34am
is this a wish game...well in that case i hope for 2.0000
  • #91,563
  • Oct 14, 2008 6:35am Oct 14, 2008 6:35am
Quoting gagakrimba
short at 1.7600

what's you TP?

I think it will be a short retracement. LONG IS STRONG
  • #91,564
  • Oct 14, 2008 6:36am Oct 14, 2008 6:36am
Quoting micho
yeah but the target is 1.7697

7715 is R1 and also the close of Oct 3
  • #91,565
  • Oct 14, 2008 6:39am Oct 14, 2008 6:39am
Quoting PipGal
7715 is R1 and also the close of Oct 3

...and 50% fib of september 24th high
TRADE FOR SWAP
  • #91,566
  • Oct 14, 2008 6:40am Oct 14, 2008 6:40am
Quoting cgldsmth
...and 50% fib of september 24th high
yeah 1.7720 is a strong res
When life gives you lemons, make lemonade
  • #91,567
  • Oct 14, 2008 6:42am Oct 14, 2008 6:42am
Quoting PipGal
7715 is R1 and also the close of Oct 3
yeah but target 2 is 1.7697 and then after that if it continues u have 1.7720 as a resistance and then a third target above it... dunno where cause i cant see the charts now
When life gives you lemons, make lemonade
  • #91,568
  • Oct 14, 2008 6:45am Oct 14, 2008 6:45am
im looking to sell at 1.7950 area ....if it break that then we looking a possible trend reversal..which would be crazy
  • #91,569
  • Oct 14, 2008 6:46am Oct 14, 2008 6:46am
Quoting nAVIN2007
im looking to sell at 1.7950 area ....if it break that then we looking a possible trend reversal..which would be crazy
its not going to break the trend before testing 1.75 again which is the 38% of the daily fibo. thats why all the orders should be placed near 38% in every trend
When life gives you lemons, make lemonade
  • #91,570
  • Oct 14, 2008 6:58am Oct 14, 2008 6:58am
we mustn't forget that there has been a 700 pip move in 2 days without much of a retracement.
TRADE FOR SWAP
  • #91,571
  • Oct 14, 2008 7:00am Oct 14, 2008 7:00am
Quoting micho
its not going to break the trend before testing 1.75 again which is the 38% of the daily fibo. thats why all the orders should be placed near 38% in every trend
that means u need a stop loss of over 200 pips ....
u think th trend have reverse? ..i see it as a possibility

theres possiblibly a inverse head n should developing on dailly assuming 1.75 can hold as support...also on 4hr chart the recent low swing didnt act as resistance....indicating a change in momentum from down to up..tricky stuff
  • #91,572
  • Oct 14, 2008 7:05am Oct 14, 2008 7:05am
Quoting nAVIN2007
that means u need a stop loss of over 200 pips ....
u think th trend have reverse? ..i see it as a possibility

theres possiblibly a inverse head n should developing on dailly assuming 1.75 can hold as support...also on 4hr chart the recent low swing didnt act as resistance....indicating a change in momentum from down to up..tricky stuff
yeah stop loss is above the 61% i dunno how many pips... but you would not go short on the 38% level everytime you see it, you have some rules like RSI on daily, 4H , 1H 5min and 1 min should be below 50 and current up trend not very strong... then you can open short at 38% with several targets... the first is the 23% level where u have some resistance and then the tp1, tp2 tp3... and if u want at other resistance levels
When life gives you lemons, make lemonade
  • #91,573
  • Oct 14, 2008 7:06am Oct 14, 2008 7:06am
Quoting micho
yeah stop loss is above the 61% i dunno how many pips... but you would not go short on the 38% level everytime you see it, you have some rules like RSI on daily, 4H , 1H 5min and 1 min should be below 50 and current up trend not very strong... then you can open short at 38% with several targets... the first is the 23% level where u have some resistance and then the tp1, tp2 tp3... and if u want at other resistance levels
u can apply that to every chart... on every trend... from the 1 min to the monthly... and the stop loss and tp will vary from 5 pips to 2000 pips
When life gives you lemons, make lemonade
  • #91,574
  • Oct 14, 2008 7:07am Oct 14, 2008 7:07am
next resistance 1.7652... if it breaks we go to 1.7697 then if it breaks to 1.7720
When life gives you lemons, make lemonade
  • #91,575
  • Oct 14, 2008 8:16am Oct 14, 2008 8:16am
It stopped at 1.75, let's go up again
  • #91,576
  • Oct 14, 2008 8:19am Oct 14, 2008 8:19am
Micho you sould watch US conference.US will start with bailout plan today.It means good news for USD.Cable down.Me short at beginng of conference.17605Hope to break this 50 ema of yours on 15m and my 1 hr gann.If so we are below 17500.If not I am close until market cool down.Maybe long.will see
  • #91,577
  • Oct 14, 2008 8:22am Oct 14, 2008 8:22am
Quoting fxpinoy
It stopped at 1.75, let's go up again
It probably will

The question is...how high? Will it retest the previous high? Will it break resistance? Only she knows...
  • #91,578
  • Oct 14, 2008 8:32am Oct 14, 2008 8:32am
Quoting "expert"
Micho you sould watch US conference.US will start with bailout plan today.It means good news for USD.Cable down.Me short at beginng of conference.17605Hope to break this 50 ema of yours on 15m and my 1 hr gann.If so we are below 17500.If not I am close until market cool down.Maybe long.will see
i am not trading now until i go home and see the charts
When life gives you lemons, make lemonade
  • #91,579
  • Oct 14, 2008 8:32am Oct 14, 2008 8:32am
Quoting PipGal
It probably will

The question is...how high? Will it retest the previous high? Will it break resistance? Only she knows...
only god knows, she doesnt know anything because females dont know what they want
When life gives you lemons, make lemonade
  • #91,580
  • Oct 14, 2008 8:33am Oct 14, 2008 8:33am
Quoting micho
only god knows, she doesnt know anything because females dont know what they want

Heeeeeyyyy.....look who ya talkin' to...
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