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Cable Update (GBPUSD)

  • #103,201
  • Dec 2, 2008 9:31am Dec 2, 2008 9:31am
Quoting AmeriTrini
I think we about to see a GBP rally, its about time. This is something that is way way overdue.
no signs of rallies as of now

everything pointing down... just looking for signals
When life gives you lemons, make lemonade
  • #103,202
  • Dec 2, 2008 9:34am Dec 2, 2008 9:34am
Quoting moewenger
yeah, and per pipland advice my SL now is at 1.4995. if it hit i need to go to sleep for sure. i'm using 1.0 in this mess.
Please dont change your stops from my advice, everyone has their own level of risk on their account that they are willing to take.

I just couldnt see why your stop was at 497x when the next critical level is 4985. I try to place my stops above key levels, but everyone is diff
  • #103,203
  • Dec 2, 2008 9:37am Dec 2, 2008 9:37am
I think we gonna play around between 1.49-1.5000(20) for few hours and then continue down, but i will not enter untill i see confirmation of downward continuation. something like below would enter on the pullback after the break of 1.49.


something like this.
Attached Image (click to enlarge)
Click to Enlarge Name: something like this.jpg Size: 80 KB
  • #103,204
  • Dec 2, 2008 9:38am Dec 2, 2008 9:38am
Quoting micho
no signs of rallies as of now

everything pointing down... just looking for signals

I thought we just finished a long GU rally ?? Lasting from 13th Nov to 1st Dec????
  • #103,205
  • Dec 2, 2008 9:40am Dec 2, 2008 9:40am
Quoting lexazver
I think we gonna play around between 1.49-1.5000(20) for few hours and then continue down, but i will not enter untill i see confirmation of downward continuation. something like below would enter on the pullback after the break of 1.49.


something like this.

Thats what im hoping for
  • #103,206
  • Dec 2, 2008 9:43am Dec 2, 2008 9:43am
Quoting PipLand
I thought we just finished a long GU rally ?? Lasting from 13th Nov to 1st Dec????
When life gives you lemons, make lemonade
  • #103,207
  • Dec 2, 2008 9:44am Dec 2, 2008 9:44am
Quoting lexazver
I think we gonna play around between 1.49-1.5000(20) for few hours and then continue down, but i will not enter untill i see confirmation of downward continuation. something like below would enter on the pullback after the break of 1.49.


something like this.
i hope to see 1.50 again, but i doubt it...
When life gives you lemons, make lemonade
  • #103,208
  • Dec 2, 2008 9:45am Dec 2, 2008 9:45am
Quoting micho
  • #103,209
  • Dec 2, 2008 9:45am Dec 2, 2008 9:45am
Quoting Vourvoul
anywhere near 1.50 is a bonus short for me
When life gives you lemons, make lemonade
  • #103,210
  • Dec 2, 2008 9:48am Dec 2, 2008 9:48am
right hand shoulder is looking promising
  • #103,211
  • Dec 2, 2008 9:51am Dec 2, 2008 9:51am
Quoting micho
i hope to see 1.50 again, but i doubt it...

daily's just dont show any possibility of sustained rally in GBP to me at least .
  • #103,212
  • Dec 2, 2008 9:51am Dec 2, 2008 9:51am
Quoting PipLand
Please dont change your stops from my advice, everyone has their own level of risk on their account that they are willing to take.

I just couldnt see why your stop was at 497x when the next critical level is 4985. I try to place my stops above key levels, but everyone is diff
so if i didnt changed it surely i will be out now. i managed to get a little nap and once my eyes are opened back i'm happy at what i saw.
  • #103,213
  • Dec 2, 2008 9:53am Dec 2, 2008 9:53am
When I took out my last short I had 1.4800 as my target and it still is. I have kept my shorts open (though I nearly got arrested for it) and am still expecting to re-visit yesterdays lows. Anyone with me
  • #103,214
  • Dec 2, 2008 9:54am Dec 2, 2008 9:54am
if it breaks this pin on the 1hr chart then ..short is the way to get me out of the hot fire
  • #103,215
  • Dec 2, 2008 9:55am Dec 2, 2008 9:55am
Quoting moewenger
so if i didnt changed it surely i will be out now. i managed to get a little nap and once my eyes are opened back i'm happy at what i saw.
Yes, that is how i saw it if you didnt change it you stood little chance. BUt on the other hand I wouldnt like to be responsible for you losing more pips than you orignally planned for, but im very pleased it has all worked out well
  • #103,216
  • Dec 2, 2008 9:55am Dec 2, 2008 9:55am
There is very little buying interest in this pair... The next h4 close is critical....
Patience + Discipline - Greed = Success
  • #103,217
  • Dec 2, 2008 9:56am Dec 2, 2008 9:56am
Quoting lexazver
daily's just dont show any possibility of sustained rally in GBP to me at least .
next target 1.4879
When life gives you lemons, make lemonade
  • #103,218
  • Dec 2, 2008 9:57am Dec 2, 2008 9:57am
i have to hand it to this currency this week it really is finishing me off!!
  • #103,219
  • Dec 2, 2008 9:58am Dec 2, 2008 9:58am
Quoting PipLand
Yes, that is how i saw it if you didnt change it you stood little chance. BUt on the other hand I wouldnt like to be responsible for you losing more pips than you orignally planned for, but im very pleased it has all worked out well
yes thank you.
  • #103,220
  • Dec 2, 2008 10:01am Dec 2, 2008 10:01am
This is what i reckon at the moment
Attached Image
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