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Cable Update (GBPUSD)

  • #113,461
  • Jan 21, 2009 4:18am Jan 21, 2009 4:18am
Quoting Barry Cade
62% Fib resistance at 13884, 76% at 13923

Still waiting for 5 10 & 15 min bear flags to end. I suspect it will drop.

update

ive just checked Euro $ & similar trade pattern this morning. Traded up to 62% but now dropping to bottom of bear flag
  • #113,462
  • Jan 21, 2009 4:31am Jan 21, 2009 4:31am
is it starting to go down??
  • #113,463
  • Jan 21, 2009 4:33am Jan 21, 2009 4:33am
Quoting janka3002
is it starting to go down??
in my humble opinion - not (but i'm still learning )
  • #113,464
  • Jan 21, 2009 4:34am Jan 21, 2009 4:34am
Quoting janka3002
is it starting to go down??

Patience my friend. You won't miss the move when it comes.
  • #113,465
  • Jan 21, 2009 4:34am Jan 21, 2009 4:34am
Wait 78 even 73 and keep in head this thing is making 25 pips range so leave fast - my 2 cents.

I'm gmt-5, very late and made my pips.

Good luck to you all!!
  • #113,466
  • Jan 21, 2009 4:36am Jan 21, 2009 4:36am
Wait a clear broke of 80 and keep in head this thing is making 25 pips range so leave fast - my 2 cents.

I'm gmt-5, very late and made my pips.

Good luck to you all!!
  • #113,467
  • Jan 21, 2009 4:37am Jan 21, 2009 4:37am
Gotta love 60+ pip m5 candles... wtf.... give me something to trade.... the setups i'm getting are too high risk with the movement.. might as well trade g/j!!

edit: it's either breaking.. or flaggin.
DireXiv Make it happen, no one else is going to do it for you...
  • #113,468
  • Jan 21, 2009 4:38am Jan 21, 2009 4:38am
Quoting SmoothTrader
Patience my friend. You won't miss the move when it comes.
but now it looks like it going very good down...
  • #113,469
  • Jan 21, 2009 4:40am Jan 21, 2009 4:40am
Quoting janka3002
but now it looks like it going very good down...
NOW it looks like we might be breaking down out of the Bear flag on the 5m TF.

Good luck my friend.
  • #113,470
  • Jan 21, 2009 4:42am Jan 21, 2009 4:42am
1.3700 is the last significant support...if broken it theorically could drop at 1.0500...
  • #113,471
  • Jan 21, 2009 4:44am Jan 21, 2009 4:44am
Quoting janka3002
but now it looks like it going very good down...
and UP
  • #113,472
  • Jan 21, 2009 4:48am Jan 21, 2009 4:48am
hmmm... someone needs to wake up bears...
  • #113,473
  • Jan 21, 2009 4:50am Jan 21, 2009 4:50am
Quoting janka3002
hmmm... someone needs to wake up bears...
just buy some tons of honey lol
  • #113,474
  • Jan 21, 2009 4:57am Jan 21, 2009 4:57am
at this point.. i don't have a clean lower t/l on my m5 flag... hitting all over it and closing higher... lots of support in this area.
DireXiv Make it happen, no one else is going to do it for you...
  • #113,475
  • Jan 21, 2009 4:57am Jan 21, 2009 4:57am
bear is trying to wake up again
  • #113,476
  • Jan 21, 2009 5:05am Jan 21, 2009 5:05am
Just remember that 1.3680 level lads and lass's.
Probability Professor
  • #113,477
  • Jan 21, 2009 5:06am Jan 21, 2009 5:06am
USD is so strong...looks like everything is going well in the US and everything is wrong in Europe....
  • #113,478
  • Jan 21, 2009 5:07am Jan 21, 2009 5:07am
we ar going down like a rock in the water...

it looks like today will be good for all us...
  • #113,479
  • Jan 21, 2009 5:10am Jan 21, 2009 5:10am
Quoting Galation
Just remember that 1.3680 level lads and lass's.

I wonder how many buys there are between 13700 & 13680 with their stops just below that level?

Could be a wild ride for a bit.
  • #113,480
  • Jan 21, 2009 5:12am Jan 21, 2009 5:12am
Quoting SmoothTrader
I wonder how many buys there are between 13700 & 13680 with their stops just below that level?

Could be a wild ride for a bit.
That's why I'm holding off from shorts until that level is taken out, then I'll jump on the back of the expected big move when I see it actually happening. Otherwise, for me, it's longs at 1.37.
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