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Cable Update (GBPUSD)

  • #107,521
  • Dec 17, 2008 7:49am Dec 17, 2008 7:49am
Quoting hitman047
so, a massive correction going on, correct? after which, we should be ready for a freefall.
i wouldnt expect a freefall anytime soon unless you have a BIG BIG stop
  • #107,522
  • Dec 17, 2008 7:50am Dec 17, 2008 7:50am
Quoting PipLand
cheers man
Cheers to you too buddy.May you scalpem heap big pips.
  • #107,523
  • Dec 17, 2008 7:51am Dec 17, 2008 7:51am
Quoting gagakrimba
I`ll close 40% of it @ 1.5450.
prob the safest option 5467 might have some trouble I may pull a fair amount at that level too now
  • #107,524
  • Dec 17, 2008 8:03am Dec 17, 2008 8:03am
Quoting nAVIN2007
i have to be honest and when u said shorti was like ..nothing really say in my chart sell....good call..i hope u stuck in yur trade cause u hit the nail on the head

good stuff
The magic thing is the chart not say short, but it was down, GU price followed me, not followed the chart
Give me patience
  • #107,525
  • Dec 17, 2008 8:04am Dec 17, 2008 8:04am
WTF just happened there???
PIPPED TO THE LINE
  • #107,526
  • Dec 17, 2008 8:05am Dec 17, 2008 8:05am
Quoting gagakrimba
I`ll close 40% of it @ 1.5450.
Entered back @ 1.5345
  • #107,527
  • Dec 17, 2008 8:06am Dec 17, 2008 8:06am
GU target 1.4855 but it will take sometime cause rsi still >50 on the 4h charts... so we may play the range then fall... trade on your own risk
When life gives you lemons, make lemonade
  • #107,528
  • Dec 17, 2008 8:06am Dec 17, 2008 8:06am
Quoting trader2160
Cheers to you too buddy.May you scalpem heap big pips.
hope so, longs hitting traffic at the moment hopefully it will get through
  • #107,529
  • Dec 17, 2008 8:09am Dec 17, 2008 8:09am
Quoting micho
GU target 1.4855 but it will take sometime cause rsi still >50 on the 4h charts... so we may play the range then fall... trade on your own risk
Hey Micho, hows it going? any chance you can post a chart for the 1.4855 target please.

When are you expecting this target as well this week?
  • #107,530
  • Dec 17, 2008 8:13am Dec 17, 2008 8:13am
Quoting Bullfx
The magic thing is the chart not say short, but it was down, GU price followed me, not followed the chart
Just woke up to see the free fall in cable.
Now we must take you seriously
What a call. Kudos to you
  • #107,531
  • Dec 17, 2008 8:15am Dec 17, 2008 8:15am
Quoting micho
GU target 1.4855 but it will take sometime cause rsi still >50 on the 4h charts... so we may play the range then fall... trade on your own risk
ahh I see your talking about the HS forming on the 4hr correct?
  • #107,532
  • Dec 17, 2008 8:16am Dec 17, 2008 8:16am
Quoting PipLand
Hey Micho, hows it going? any chance you can post a chart for the 1.4855 target please.

When are you expecting this target as well this week?
no i didnt say this week... it will take some time cause rsi is >50
Attached Image (click to enlarge)
Click to Enlarge Name: 4.gif Size: 35 KB
When life gives you lemons, make lemonade
  • #107,533
  • Dec 17, 2008 8:18am Dec 17, 2008 8:18am
now first target for cable 1.5564... short term
second target 1.5763 (i doubt but who knows)
When life gives you lemons, make lemonade
  • #107,534
  • Dec 17, 2008 8:18am Dec 17, 2008 8:18am
Quoting PipLand
ahh I see your talking about the HS forming on the 4hr correct?
The H&S of the hunchbag of Notre Dame you mean? That right shoulder looks freaky...
  • #107,535
  • Dec 17, 2008 8:20am Dec 17, 2008 8:20am
Quoting micho
no i didnt say this week... it will take some time cause rsi is >50
Cool thnx for that!

The H&S forming on the 4 hr is confirming what you are saying as well. Its a big mofo!!im glad i took a better look at this either way
  • #107,536
  • Dec 17, 2008 8:23am Dec 17, 2008 8:23am
Quoting Vourvoul
The H&S of the hunchbag of Notre Dame you mean? That right shoulder looks freaky...
Yeah LOL, but still its made me close all my longs now for now
  • #107,537
  • Dec 17, 2008 8:23am Dec 17, 2008 8:23am
Quoting PipLand
Cool thnx for that!

The H&S forming on the 4 hr is confirming what you are saying as well. Its a big mofo!!im glad i took a better look at this either way
but next target is 1.5560 now short term...
When life gives you lemons, make lemonade
  • #107,538
  • Dec 17, 2008 8:25am Dec 17, 2008 8:25am
Quoting gagakrimba
Entered back @ 1.5345
It get my TP @ 1.5415
  • #107,539
  • Dec 17, 2008 8:25am Dec 17, 2008 8:25am
Quoting micho
now first target for cable 1.5564... short term
second target 1.5763 (i doubt but who knows)
How abt 1.5461 first??

Sonic
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.gif Size: 25 KB
  • #107,540
  • Dec 17, 2008 8:28am Dec 17, 2008 8:28am
Quoting sonicdeejay
How abt 1.5461 first??

Sonic
yeah that was my forst target 5467 but i lost confidence in the trade and took some nice profit at 405
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