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Cable Update (GBPUSD)

  • #96,381
  • Nov 7, 2008 10:13am Nov 7, 2008 10:13am
1.5724 again the 38% fibo of the last hourly... which giving us trouble everytime
When life gives you lemons, make lemonade
  • #96,382
  • Nov 7, 2008 10:13am Nov 7, 2008 10:13am
Perfect bounce from blue line.I might close and wait to see will it close below it.50 fib heare.Big candle is this retrace for sure i think

Guys you??
Attached Image (click to enlarge)
Click to Enlarge Name: cable 1 hr.gif Size: 24 KB
  • #96,383
  • Nov 7, 2008 10:13am Nov 7, 2008 10:13am
Quoting eohater
Ok all my short friends, who has a TP level that is reasonable?
Thanks man, my short was at 5796 and i not a train today
GELORE
  • #96,384
  • Nov 7, 2008 10:13am Nov 7, 2008 10:13am
Quoting eohater
Ok all my short friends, who has a TP level that is reasonable?
I took some off at 5700 but I think the low 5400s are possible.. (bottom of h1 channel..
Patience + Discipline - Greed = Success
  • #96,385
  • Nov 7, 2008 10:13am Nov 7, 2008 10:13am
Those are all good levels! Let's see when she tells us it's time to bail out, or she'll eat my SL.
Just digging in the trenches like everyone else!
  • #96,386
  • Nov 7, 2008 10:14am Nov 7, 2008 10:14am
Quoting micho
target1 1.5570

Closed1.5710 from 158.35 ... the Home Sales figures coming out soon could whip this thing back up. Looking to re-enter around the same area or higher.

My 2 cents.

I learn't not to get too Greedy 120 pips is good enuff for now :-)

However if we break the Low 155.50 - 155.70 area im all in 'Short' thats when we will see her drop her pants and moreover that drop that thong she flirts with us with.

-powered
  • #96,387
  • Nov 7, 2008 10:15am Nov 7, 2008 10:15am
London will close and then we'll see big move down.
Since that i bet BOE and some other players keep the cable alive for now.

Just a tough!
  • #96,388
  • Nov 7, 2008 10:16am Nov 7, 2008 10:16am
bold lines are targets for up and down
but hell only god knows which trend its following
Attached Image (click to enlarge)
Click to Enlarge Name: 2st alert-e.gif Size: 23 KB
When life gives you lemons, make lemonade
  • #96,389
  • Nov 7, 2008 10:18am Nov 7, 2008 10:18am
i closed.Waiting this retrace on 15 will come to 5780 and if anything good with momentum short again.
  • #96,390
  • Nov 7, 2008 10:19am Nov 7, 2008 10:19am
Quoting poweredbuyer
the Home Sales figures coming out soon could whip this thing back up.
home sales figures? I don't have anymore news showing today except this (UK time)

20:00 September consumer credit (US)
  • #96,391
  • Nov 7, 2008 10:19am Nov 7, 2008 10:19am
Quoting eohater
Those are all good levels! Let's see when she tells us it's time to bail out, or she'll eat my SL.
I think a safe target for today would be 5650 based on the m15 shampoo...
Patience + Discipline - Greed = Success
  • #96,392
  • Nov 7, 2008 10:22am Nov 7, 2008 10:22am
eo possible next target 1.5663
When life gives you lemons, make lemonade
  • #96,393
  • Nov 7, 2008 10:22am Nov 7, 2008 10:22am
Quoting Infinity
I think a safe target for today would be 5650 based on the m15 shampoo...
I was thinking the same. I'll TP on half there and let the remaining 3 run, either up or down.
Just digging in the trenches like everyone else!
  • #96,394
  • Nov 7, 2008 10:24am Nov 7, 2008 10:24am
Quoting Infinity
I think a safe target for today would be 5650 based on the m15 shampoo...
yes around this area, i have a new short again
When life gives you lemons, make lemonade
  • #96,395
  • Nov 7, 2008 10:24am Nov 7, 2008 10:24am
Quoting ezodisy
home sales figures? I don't have anymore news showing today except this (UK time)

20:00 September consumer credit (US)
The National Association of Realtors said on Thursday it would release its report on U.S. pending home sales for September at 11:30 a.m. EST (1630 GMT) on Friday, Nov. 7. The data is usually released at 10 a.m. EST (1500 GMT).

Keywords: USA ECONOMY/PENDINGHOMES

(Reuters' U.S. economics newsdesk, +1 202-898-8310)
  • #96,396
  • Nov 7, 2008 10:24am Nov 7, 2008 10:24am
perfect range betwen 1 hr and 4 hr S/R line.for me break on i side has to be made.5755 short again
  • #96,397
  • Nov 7, 2008 10:25am Nov 7, 2008 10:25am
Oh heare is charts
Attached Image(s) (click to enlarge)
Click to Enlarge Name: cable 1 hr.gif Size: 20 KB
Click to Enlarge Name: cable 4 hr.gif Size: 16 KB
  • #96,398
  • Nov 7, 2008 10:26am Nov 7, 2008 10:26am
thanks pb, my system had it down as 1500, didn't realise it hasn't come out yet.
  • #96,399
  • Nov 7, 2008 10:31am Nov 7, 2008 10:31am
Nice! I come back from the shower to 2 grand lol Good day in my book. My TPs are in the 152s based on the daily setup. I'm not too much worried about the rest of the day. The eur/usd had the same setup as cable today and I traded it too lol
I'm off for a good night with my girl . Have a great weekend ladies and gents.
I dream, therefore I become.
  • #96,400
  • Nov 7, 2008 10:31am Nov 7, 2008 10:31am
Some of your are whit FXPro, i'm getting requote as hell.... 2 times on 1 strike, missing the move totaly... poor me, LOL!
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