Cable Update (GBPUSD)

anyone long till 7000 or i am the only one? i'm from 6035 (665x can be very hard!)

http://www.forexfactory.com/attachme...2&d=1225290609

I am long till 69. Expect bumps along the way, but she's solid.

I'm thinking around 6700 - 6800 when the SMA in the BB drops and and meets price, then it will drop again. Look at the dailies since august.

hey pippin mama.since we are the only 2 here,i say up what do u think?Mike in Michigan

Hi everybody,


I hope a good tading to all

any forecast about cable news

just opinion

could be 1.6720 a reversal point

I like to check in every once in a while. Anyway last friday I posted that we had a possible bottom and that we may re-test the lows before we had a correction. Well here we are almost a week later and guess what ???? We have just hit the 23.6 retracement one of the hardest fib levels to break. But this could very well be wave 1 of waves 4 correction. So we could see a bit of a re-tracement down before we move back up again. I personally do not think we are in a any kind of a triangle or channel at this time. But a solid correction is in place. We could see 1.61xx or 1.6xx tested again before a move up. Or it could just very well blow right past the 23.6 feb level and retrace at the 1.7 level. But either way I think we still have a bit more room up. This is just my opinion and not a recommendation.

i think if cable cant break 1.6700 .... will fall down again

is that right
every things are down

yeah if price cant brake 1.6700 it will most def come down

Guys dont look at it as if it has the obligations to go DOWN. Follow your indicators and you will sail smoothly. I made the same mistake 2weeks back and lost big time.

It has potentials to go as much as 1.7xx. so be double minded and trade with caution

we are near to MA86 4h

Check this video out...and let me get your opinion guys

http://video.google.com/videoplay?do...00958565&hl=es

this was 4 months ago....now the usd is getting very strong....due to the oil....the americans will never destroy the dollar...

Sounds like he stepped out of Looney Tunes... And he suggests transferring your cash to the French Franc... the Wha!!

The are too many currencies linked to the dollar to destroy it. How did they get the camera into his room in the asylum?

I'm trading the channel in the 15M with small lots. From a larger perspective, we have just tipped over the .382 fib from the decline starting in late Sept as well as the R1 pivot today, the 0.5 is not too far away around 1.6970, so there might be room on the upside before the rate cut in Nov. Price direction is still uncertain in the 1HR frame which I normally trade in.

I'm new at this myself and the sudden swing back up the last few days has thrown me back into the red, so just be careful.

GU. I didn't hold any position now. Still waiting for confirmation. There is one doji juz now. SO I will wait is it another DOji will apear here.

i was looking at that myself but we havent seen a retrace on weekly yet or dailly for this massive move down....and i have a feeling it might b now

hiya
well might happen but most probably will stumble and fall somewhere in the 1.67x area

lets see what happens

i just got a small 23 pips for a quick short

long still in play so beware