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Cable Update (GBPUSD)

  • #105,261
  • Dec 8, 2008 10:16am Dec 8, 2008 10:16am
Quoting Shilva
Hay Al!

Sounds like an incredible system... can i be your national sales manager and market it on the internet?

You can be secret guru that nobody ever meets but makes untold riches!
I think it's since I relocated to be just over the mountains from Warren Buffet - I have seen the light and found that I really like these fear markets

Remember - in the words of Kipling: 'If you alone can keep your head, when all around are losing theirs - you havent seen the danger'
  • #105,262
  • Dec 8, 2008 10:18am Dec 8, 2008 10:18am
hi

Happy Eid Adha for all Muslims

i think cable looking to test 1.4719 @ 4 hour chart
  • #105,263
  • Dec 8, 2008 10:19am Dec 8, 2008 10:19am
Quoting allserene
I think it's since I relocated to be just over the mountains from Warren Buffet - I have seen the light and found that I really like these fear markets

Remember - in the words of Kipling: 'If you alone can keep your head, when all around are losing theirs - you havent seen the danger'
lol hahahaha
When life gives you lemons, make lemonade
  • #105,264
  • Dec 8, 2008 10:26am Dec 8, 2008 10:26am
Quoting micho
i disagree with everyone who says that the dollars will gain more strength from here and in this month... we just touched the daily target at 1.4718 and its december, now time for choppy market like today with more profit taking that will drive this pair to the 1.5x again... thats just my opinion, i hope i am wrong because i want some trends to trade...
Well if you want trend trading look this chart and you will see that we todaz bounced of suport line.That is wheare i started to trade short.Small risk place

And as for USD strength last time it was talking about GM it was that they will go bankropt.And cable went up sky high.Micho on that day you was saying that you will stay short no metter what.In the end we went down but after 300 and more pips up move on intraday chart.I was short too but when i heard news was long and then short from top.Made 500 pips that day.And on this forum i was writing how is better to close bad trade then keep it open that much.

Today they will most likly save GM.That is why i went short 5050 area.S3 line was at that place too.And when i see daily chart i was short for sure.tommorow cable might go more up,dont know will see that tommorow.But for now shorts.
1more possibility.If they save GM and i think they will DOW might go up and today he is already up 3%,so that might move cable up.But euro should go down then and cable should finish down but maybe just maybe DOW moves it up.SL is theare in case of that scenario

see ya all
Attached Image (click to enlarge)
Click to Enlarge Name: cable daily.gif Size: 33 KB
  • #105,265
  • Dec 8, 2008 10:27am Dec 8, 2008 10:27am
Quoting deboooo2005
hi

Happy Eid Adha for all Muslims

i think cable looking to test 1.4719 @ 4 hour chart
and happy Rudolph day to animal rights activists
  • #105,266
  • Dec 8, 2008 10:33am Dec 8, 2008 10:33am
Quoting "expert"
Well if you want trend trading look this chart and you will see that we todaz bounced of suport line.That is wheare i started to trade short.Small risk place

And as for USD strength last time it was talking about GM it was that they will go bankropt.And cable went up sky high.Micho on that day you was saying that you will stay short no metter what.In the end we went down but after 300 and more pips up move on intraday chart.I was short too but when i heard news was long and then short from top.Made 500 pips that day.And on this forum i was writing...
i dunno man i dont like trend lines
When life gives you lemons, make lemonade
  • #105,267
  • Dec 8, 2008 11:02am Dec 8, 2008 11:02am
Quoting alcando
Jees I cant see it but I think I see a reverse antelope dropping formation. Needs to be the other way around for a breakout to the bottom tho'.

or is it a figment of my imagination???
Patience + Discipline - Greed = Success
  • #105,268
  • Dec 8, 2008 11:10am Dec 8, 2008 11:10am
looking good for short
  • #105,269
  • Dec 8, 2008 11:17am Dec 8, 2008 11:17am
Quoting jharteam
Butterfly Harmonic pattern in the 1-min time frame with fibs clusters. Break of -1.4780+ nullifies the said pattern and longs should be out.

Butterfly Harmonic in 1-min worked out as planned. just squared the longs for 80ppts; keep the remaining for a 'free trade'
~*~You are only one trade away from humility~*~
  • #105,270
  • Dec 8, 2008 11:29am Dec 8, 2008 11:29am
Quoting deboooo2005
looking good for short
aye aye cap'n

short it is

The 'twisted antler' and 'frozen hoof ' formation, tells me unless I short this I wont get new handkerchiefs this year
  • #105,271
  • Dec 8, 2008 11:42am Dec 8, 2008 11:42am
Quoting allserene
aye aye cap'n

short it is

The 'twisted antler' and 'frozen hoof ' formation, tells me unless I short this I wont get new handkerchiefs this year
you're on fine form today, Al
  • #105,272
  • Dec 8, 2008 11:50am Dec 8, 2008 11:50am
we go to 1.4980 if u didnt go short, dont do it now and if u didnt go long also dont do it now
When life gives you lemons, make lemonade
  • #105,273
  • Dec 8, 2008 11:50am Dec 8, 2008 11:50am
Quoting gammase1
you're on fine form today, Al
Yes I am hooforic about the DOW

I know it wont last - so I am buying US treasuries with a 3 month horizon

ok off to walmart to fight my way through the mega-botties and paedophile santas

let my shorts potter along for an hour or too...

ps folks - i have lost my internet connection twice this week (first time this year) - so not just downtime on your broker's site can leave you caught out

get those s/l's on quickly
  • #105,274
  • Dec 8, 2008 12:02pm Dec 8, 2008 12:02pm
WOW that was a hefty move
  • #105,275
  • Dec 8, 2008 12:33pm Dec 8, 2008 12:33pm
long at 11 target 45 stop 84 please dont copy me i may lose
When life gives you lemons, make lemonade
  • #105,276
  • Dec 8, 2008 12:48pm Dec 8, 2008 12:48pm
Quoting micho
long at 11 target 45 stop 84 please dont copy me i may lose
GELORE
  • #105,277
  • Dec 8, 2008 12:49pm Dec 8, 2008 12:49pm
Got to go now. Have a nice trade micho. Im out now.
GELORE
  • #105,278
  • Dec 8, 2008 12:53pm Dec 8, 2008 12:53pm
Quoting musani

something still pulling it down
When life gives you lemons, make lemonade
  • #105,279
  • Dec 8, 2008 12:54pm Dec 8, 2008 12:54pm
Quoting musani
Got to go now. Have a nice trade micho. Im out now.
bye man thanks alot see you
When life gives you lemons, make lemonade
  • #105,280
  • Dec 8, 2008 12:56pm Dec 8, 2008 12:56pm
Quoting micho
bye man thanks alot see you
Dont worry, it still strong trend to go long. Bye.
GELORE
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