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Cable Update (GBPUSD)

  • #119,241
  • Feb 9, 2009 7:41am Feb 9, 2009 7:41am
Quoting macK
sorry for the delay.. busy trading. I also went short, took a profit, went long at end of 5m stoch.... still have trade open long term. will try to post daily chart on PPAttachment
great perspective Mack...

nice approach...using fib and stochs...differring time entries..and exits...
  • #119,242
  • Feb 9, 2009 7:43am Feb 9, 2009 7:43am
she ready to drop that pound like a bad habit!

bad she sure being a stubborn lil ho !....LOL
  • #119,243
  • Feb 9, 2009 7:44am Feb 9, 2009 7:44am
I'm short again at the retest of the daily 62 EMA at 1.4970 stop at BE+10
  • #119,244
  • Feb 9, 2009 7:46am Feb 9, 2009 7:46am
  •  Trader#B2A6
  • | Status: Unregistered Trader
good morning, nAV

where u at, Abu
  • #119,245
  • Feb 9, 2009 7:54am Feb 9, 2009 7:54am
Dear Navin

What do u see man now,,,will we go back down after touching 1.4980 Zone,,,,or we still have a room to go up ??

I am a seller and really lost a lot in this week move man, my last position was from 1.4875,,,,which was a huge resistance due to the downtrend daily line

what is your advice?
  • #119,246
  • Feb 9, 2009 7:55am Feb 9, 2009 7:55am
Quoting macK
good morning, nAV

where u at, Abu
here i'm once i close my position i'll post something funny here, i tray for the first time to trade like a snake and it work very well....
  • #119,247
  • Feb 9, 2009 7:57am Feb 9, 2009 7:57am
If the price goes beyond 1.4980 then we might be looking at 1.5280 as the next resistance level.

Think the price will actually be broken because there is a general dollar weakening and european currencies are stronger against it.
Trading Just Got Easier...
  • #119,248
  • Feb 9, 2009 8:02am Feb 9, 2009 8:02am
g/u on 5, 15, and 1 hr charts just begging to ride the elevator to hell
  • #119,249
  • Feb 9, 2009 8:03am Feb 9, 2009 8:03am
I'm still long she is using a sledge hammer to break throgh this brik wall 1.4958.. 4 hits so far and still traing
  • #119,250
  • Feb 9, 2009 8:04am Feb 9, 2009 8:04am
looks like the E/U is getting ready to dump...
  • #119,251
  • Feb 9, 2009 8:07am Feb 9, 2009 8:07am
Technicals say its time to short, but best wait for DOW to open. This wants to break 1.5 doesn't it?
  • #119,252
  • Feb 9, 2009 8:07am Feb 9, 2009 8:07am
1.50 ftw tbh imo
Probability Professor
  • #119,253
  • Feb 9, 2009 8:10am Feb 9, 2009 8:10am
someone please call the queen of england and tell her to please sit her big bum on that pound!
  • #119,254
  • Feb 9, 2009 8:11am Feb 9, 2009 8:11am
Quoting penycae
Technicals say its time to short, but best wait for DOW to open. This wants to break 1.5 doesn't it?
good advice...nothing has made technical sense..in long durations..just snipits...
  • #119,255
  • Feb 9, 2009 8:13am Feb 9, 2009 8:13am
i'll sit and wait... just watch her goes... up or down?? let's wait...
Learn the words... speak the words
  • #119,256
  • Feb 9, 2009 8:13am Feb 9, 2009 8:13am
Quoting JammerJams
good advice...nothing has made technical sense..in long durations..just snipits...
she's inching lower!!
  • #119,257
  • Feb 9, 2009 8:14am Feb 9, 2009 8:14am
Quoting mohfaid
Dear Navin

What do u see man now,,,will we go back down after touching 1.4980 Zone,,,,or we still have a room to go up ??

I am a seller and really lost a lot in this week move man, my last position was from 1.4875,,,,which was a huge resistance due to the downtrend daily line

what is your advice?
have a look at my chart...the blue line is where it probably go down (retrace) then possible go up toward 1.51 then 1.53..
like every1 this is only my view and im as wrong as times as 50% in here...trade with caution and decide yur bias and stick to it...till SL or target is hit

good luck
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  • #119,258
  • Feb 9, 2009 8:14am Feb 9, 2009 8:14am
If she closes on the 5 min below 1.4922 would make the bottom support ranges in the 1.4846-1.4862 area.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #119,259
  • Feb 9, 2009 8:15am Feb 9, 2009 8:15am
Quoting joemiami
she ready to drop that pound like a bad habit!

bad she sure being a stubborn lil ho !....LOL
hope so...hope go to s3
  • #119,260
  • Feb 9, 2009 8:17am Feb 9, 2009 8:17am
If 1.1529 is broken on USD/CHF then there is possibility of breaking 1.4980 in GU. Although GU is not in synchronization with EU and USD/CHF anymore but there is a possibility of breaking the 1.4980 today.
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