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Cable Update (GBPUSD)

  • #112,981
  • Jan 20, 2009 3:36am Jan 20, 2009 3:36am
...
this is not good, i hope for the people living in UK this breakout is false cause there isnt a descent loking support for another 300 pips
Attached Image (click to enlarge)
Click to Enlarge Name: cable30mr.gif Size: 26 KB
  • #112,982
  • Jan 20, 2009 3:37am Jan 20, 2009 3:37am
Quoting nAVIN2007
...
Nice one mate

Did you unload a few at 1.4 that was your target?
  • #112,983
  • Jan 20, 2009 3:37am Jan 20, 2009 3:37am
Cable is quiet now. is it running out of gas or just pausing???
  • #112,984
  • Jan 20, 2009 3:38am Jan 20, 2009 3:38am
Quoting nAVIN2007
...
Welcome back navin, your analysis for last week was spot on, just took a little while to build up momentum to finally break through
  • #112,985
  • Jan 20, 2009 3:40am Jan 20, 2009 3:40am
Already a 500 pips drop. I think she is done for the day and reversal is coming
  • #112,986
  • Jan 20, 2009 3:41am Jan 20, 2009 3:41am
..
Attached Image (click to enlarge)
Click to Enlarge Name: cable30mr.gif Size: 30 KB
  • #112,987
  • Jan 20, 2009 3:43am Jan 20, 2009 3:43am
Quoting nAVIN2007
..
bet youre wishing you werent on demo.Top notch forecasting.
  • #112,988
  • Jan 20, 2009 3:44am Jan 20, 2009 3:44am
Quoting Atondra
Already a 500 pips drop. I think she is done for the day and reversal is coming
i hope too . .
  • #112,989
  • Jan 20, 2009 3:45am Jan 20, 2009 3:45am
Quoting Atondra
Already a 500 pips drop. I think she is done for the day and reversal is coming
still have sellers evrytime she tries to reverse... i am looking for another 200 pips down...
  • #112,990
  • Jan 20, 2009 3:46am Jan 20, 2009 3:46am
Quoting Vourvoul
Nice one mate

Did you unload a few at 1.4 that was your target?
1.4 was a conservative target, I actually forgot to place the target, i didnt think it would reach this quick...lol

it crazy how trading on a demo is so different to live...it seems emotions only hold us back!
  • #112,991
  • Jan 20, 2009 3:46am Jan 20, 2009 3:46am
Quoting Atondra
Already a 500 pips drop. I think she is done for the day and reversal is coming
Long at 1.3950 with very tight SL
  • #112,992
  • Jan 20, 2009 3:47am Jan 20, 2009 3:47am
Quoting PipLand
Welcome back navin, your analysis for last week was spot on, just took a little while to build up momentum to finally break through
thanks buddy..
  • #112,993
  • Jan 20, 2009 3:49am Jan 20, 2009 3:49am
Cable seems to finally have a bit of fit in her and it appears that the one way traffic may be over for a bit.
  • #112,994
  • Jan 20, 2009 3:49am Jan 20, 2009 3:49am
Quoting nAVIN2007
1.4 was a conservative target, I actually forgot to place the target, i didnt think it would reach this quick...lol

it crazy how trading on a demo is so different to live...it seems emotions only hold us back!
Word my friend.

This is the reason why I preferred to trade a micro account than to demo.

Important thing is to be consistent though.

Btw Nav about your entry on the close of the 4h, was there affirmative PA on which you took the trade or just seized the opportunity to get on the short bus after a small retracement?
  • #112,995
  • Jan 20, 2009 3:56am Jan 20, 2009 3:56am
Three failures to stay above 1.40. Is this the signal for lower to come?
  • #112,996
  • Jan 20, 2009 3:57am Jan 20, 2009 3:57am
Quoting Vourvoul
Word my friend.

This is the reason why I preferred to trade a micro account than to demo.

Important thing is to be consistent though.

Btw Nav about your entry on the close of the 4h, was there affirmative PA on which you took the trade or just seized the opportunity to get on the short bus after a small retracement?
hope the chart says it all..
monthly chart also show absolutely no sign of going up....
Attached Image (click to enlarge)
Click to Enlarge Name: cable30mr.gif Size: 32 KB
  • #112,997
  • Jan 20, 2009 3:58am Jan 20, 2009 3:58am
Quoting nAVIN2007
hope the chart says it all..
It does !!!
  • #112,998
  • Jan 20, 2009 4:03am Jan 20, 2009 4:03am
So, as someone who is over-invested in property in the UK, we have an opportunity for US investors: With the fall in cable from 2.01 to 1.4 and the 20% fall in house prices, you can now buy my property for 55% (1.4/2.01 x 0.8) of what you could have bought it for a year ago. I think that represents good value. With the low rates here now, it's not a bad bet... Let me know if you would like to capitalise on this wonderful opportunity...


PS by the end of today you might get it for 50%. Last chance...
Ride the Bulls bearback!
  • #112,999
  • Jan 20, 2009 4:03am Jan 20, 2009 4:03am
Even good news for the Eur and not so bad news for the GBP can't seem to move it higher.
  • #113,000
  • Jan 20, 2009 4:08am Jan 20, 2009 4:08am
Quoting alcando
So, as someone who is over-invested in property in the UK, we have an opportunity for US investors: With the fall in cable from 2.01 to 1.4 and the 20% fall in house prices, you can now buy my property for 55% (1.4/2.01 x 0.8) of what you could have bought it for a year ago. I think that represents good value. With the low rates here now, it's not a bad bet... Let me know if you would like to capitalise on this wonderful opportunity...


PS by the end of today you might get it for 50%. Last chance...
We have Mr Greenspan to thank.I know the feeling mate.Currency and property value going down together.
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