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Cable Update (GBPUSD)

  • #102,881
  • Dec 2, 2008 2:20am Dec 2, 2008 2:20am
missed first drop getting coffee short from 1.4840
  • #102,882
  • Dec 2, 2008 2:20am Dec 2, 2008 2:20am
now hopefully up to 42 then down to 05
When life gives you lemons, make lemonade
  • #102,883
  • Dec 2, 2008 2:22am Dec 2, 2008 2:22am
target was 09... there is another target 05.. if u count the doji at the top
When life gives you lemons, make lemonade
  • #102,884
  • Dec 2, 2008 2:29am Dec 2, 2008 2:29am
Quoting micho
target was 09... there is another target 05.. if u count the doji at the top
any ideas for weekly target? Belove 1.47? or more? :-)
  • #102,885
  • Dec 2, 2008 2:30am Dec 2, 2008 2:30am
lucky so far to the bottom that retracing 15 min had me nervous.
  • #102,886
  • Dec 2, 2008 2:32am Dec 2, 2008 2:32am
Quoting uafx
any ideas for weekly target? Belove 1.47? or more? :-)
i dunno, but there is a daily target at 1.473x... maybe some bounce from there
When life gives you lemons, make lemonade
  • #102,887
  • Dec 2, 2008 2:47am Dec 2, 2008 2:47am
Quoting micho
i dunno, but there is a daily target at 1.473x... maybe some bounce from there
I think it'll break 1.4700 today.
I'm looking at 1.45XX
  • #102,888
  • Dec 2, 2008 3:03am Dec 2, 2008 3:03am
Any idea on what is happening at the moment?
Just my 2 cents worth
  • #102,889
  • Dec 2, 2008 3:04am Dec 2, 2008 3:04am
GBP/USD's fall from 1.5534 extended to as low as 1.480 before turning sideway. At this point, intraday bias remains on the downside as long as 1.5014 minor resistance holds. Further decline is expected to retest 1.4557 first. Break will confirm that recent fall from 1.8668 has resumed for 161.8% projection of 2.0158 to 1.7445 from 1.8668 at 1.4278. On the upside, above 1.5014 will turn intraday outlook neutral first but recovery should be limited below 1.5534 resistance and bring decline resumption.
Probability Professor
  • #102,890
  • Dec 2, 2008 3:06am Dec 2, 2008 3:06am
Just my 2 cents worth
  • #102,891
  • Dec 2, 2008 3:38am Dec 2, 2008 3:38am


Good morning
  • #102,892
  • Dec 2, 2008 3:44am Dec 2, 2008 3:44am
come guys, we need to sell from here!
Keep It Simple Stupid
  • #102,893
  • Dec 2, 2008 3:46am Dec 2, 2008 3:46am
Quoting Alastair
come guys, we need to sell from here!
i got stopped out before....

I am a little hesitant... as is the market apparently
  • #102,894
  • Dec 2, 2008 3:47am Dec 2, 2008 3:47am
Quoting Chris_35
Short @ 1.4912 Target 1.4830 Am now going to hit the sack for a few hours
Just clocked back in after going to bed in the early hours of this morning and its a result
  • #102,895
  • Dec 2, 2008 3:50am Dec 2, 2008 3:50am
Quoting Vourvoul
i got stopped out before....

I am a little hesitant... as is the market apparently
did the same earlier and then dropped viciously.
Keep It Simple Stupid
  • #102,896
  • Dec 2, 2008 3:52am Dec 2, 2008 3:52am
http://www.bloomberg.com/avp/avp.htm...7rC32na4rE.asf

FYI

interesting insight from currency strategist, cable down to 1.27,
Trading is 80% Emotional, 20% Technical
  • #102,897
  • Dec 2, 2008 3:57am Dec 2, 2008 3:57am
Damned.....is this the beginning or a reversal ???
  • #102,898
  • Dec 2, 2008 4:02am Dec 2, 2008 4:02am
Quoting micho
target was 09... there is another target 05.. if u count the doji at the top
hey mich wats up.long time happy ur around
  • #102,899
  • Dec 2, 2008 4:04am Dec 2, 2008 4:04am
Quoting gagakrimba
Damned.....is this the beginning or a reversal ???
Who knows eh? Think you might as well flip a coin at this price point.

Im hoping for a retrace to 1.4985 area where I will look to short. Otherwise I will most likely just watch cable for a bit.
  • #102,900
  • Dec 2, 2008 4:08am Dec 2, 2008 4:08am
I think that it could retrace up to about 1.5 ish an then, yes trade it down from there.

Will see how it goes
Just my 2 cents worth
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