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Cable Update (GBPUSD)

  • #109,301
  • Jan 6, 2009 7:18am Jan 6, 2009 7:18am
Quoting PipLand
its making me happpy already
  • #109,302
  • Jan 6, 2009 7:38am Jan 6, 2009 7:38am
Quoting nAVIN2007
Navin...you see it getting lower then 1.4500 ?

That is a strong support level...its working to get through that..but remember...we have a retracement coming since the gbp is well oversold
  • #109,303
  • Jan 6, 2009 7:53am Jan 6, 2009 7:53am
Quoting JammerJams
Navin...you see it getting lower then 1.4500 ?

That is a strong support level...its working to get through that..but remember...we have a retracement coming since the gbp is well oversold
monthly bearish, weekly bearish and 4hr double top..im in a trade since last week playing this very trade..it just will take a while i think..

i must stress it only what i think and am on demo right now....developing a plan and routine by backtesting my trading method..but i think its a good trade..also with the trend

lower low on 1 hr as well
  • #109,304
  • Jan 6, 2009 7:57am Jan 6, 2009 7:57am
Quoting uut
the next highest probability trend is down . . .right?
i like yur thought process..its a probability
  • #109,305
  • Jan 6, 2009 7:58am Jan 6, 2009 7:58am
Quoting nAVIN2007
monthly bearish, weekly bearish and 4hr double top..im in a trade since last week playing this very trade..it just will take a while i think..

i must stress it only what i think and am on demo right now....developing a plan and routine by backtesting my trading method..but i think its a good trade..also with the trend

lower low on 1 hr as well
Dude you not trading live?
  • #109,306
  • Jan 6, 2009 7:58am Jan 6, 2009 7:58am
Something to think about....
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Patience + Discipline - Greed = Success
  • #109,307
  • Jan 6, 2009 8:01am Jan 6, 2009 8:01am
Quoting nAVIN2007
i would keep that short..i reckon it would give u 300-400 pips if u hold it for a week ....
U seems to be very sure about this Mr Navin. Can you back it ?
  • #109,308
  • Jan 6, 2009 8:02am Jan 6, 2009 8:02am
Quoting trader2160
Dude you not trading live?
  • #109,309
  • Jan 6, 2009 8:02am Jan 6, 2009 8:02am
Quoting Infinity
Something to think about....
also.....
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Patience + Discipline - Greed = Success
  • #109,310
  • Jan 6, 2009 8:07am Jan 6, 2009 8:07am
a close on the 4hr below 1.4550..will more less confirm my thought for me...im not basing my trade on anything less than weekly so my picture is different

i dont think the high of yesterday will be taken out....only time will tell
  • #109,311
  • Jan 6, 2009 8:08am Jan 6, 2009 8:08am
Quoting Infinity
also.....
Very nice
  • #109,312
  • Jan 6, 2009 8:12am Jan 6, 2009 8:12am
hi anybody , can this gbp breaklow again? i hv short position at 14484, i hold it from yesterday... need master advice.... what is your prediction?
thanks
  • #109,313
  • Jan 6, 2009 8:19am Jan 6, 2009 8:19am
Quoting pocetung
hi anybody , can this gbp breaklow again? i hv short position at 14484, i hold it from yesterday... need master advice.... what is your prediction?
thanks
If eur/gbp breaks 9208 clearly then we can see cable head down further, just my opinion though dont risk more than you can afford to lose
  • #109,314
  • Jan 6, 2009 8:21am Jan 6, 2009 8:21am
seems to me there is a strong s/r happening. 4h charts now look like a head n shoulders could be forming.

ill still be waiting. break above resistance, buy.
break below support. sell.
  • #109,315
  • Jan 6, 2009 8:27am Jan 6, 2009 8:27am
I am in the process of moving house, so demo for me is good at least i can practice a method and reduce stress..

good luck every1 in yur positions, the next 30 minute closes will be vital
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  • #109,316
  • Jan 6, 2009 8:30am Jan 6, 2009 8:30am
Quoting pocetung
hi anybody , can this gbp breaklow again? i hv short position at 14484, i hold it from yesterday... need master advice.... what is your prediction?
thanks
Fundamentally I'm pretty sure it will move lower in few days. The only thing I regret is my entry that not quite high. It will break support @ 4450 I think. But sure, if don't know what will you do then don't trade!
Manage your risk accordingly and you're half done your home work.
  • #109,317
  • Jan 6, 2009 8:40am Jan 6, 2009 8:40am
Quoting Infinity
also.....

We thinks the same ting!!
  • #109,318
  • Jan 6, 2009 8:43am Jan 6, 2009 8:43am
Quoting nAVIN2007
I am in the process of moving house, so demo for me is good at least i can practice a method and reduce stress..

good luck every1 in yur positions, the next 30 minute closes will be vital
Its cool buddy.Was surprised thats all.
  • #109,319
  • Jan 6, 2009 9:06am Jan 6, 2009 9:06am
1. Buy at 1.4624 | Tp: 1.4654
2. Buy at 1.4624 | Tp: 1.4664
3. Buy at 1.4624 | Tp: 1.4674
  • #109,320
  • Jan 6, 2009 9:09am Jan 6, 2009 9:09am
Quoting Infinity
also.....
good food for thought,

happy new year to all, may 09 rain in the pips!!

what ive been playing today, plz mind the over messy chart!
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