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Cable Update (GBPUSD)

  • #120,801
  • Feb 17, 2009 1:39am Feb 17, 2009 1:39am
Quoting wormboy
closed 1 position, leaving the other & stops at be +5
Good luck guys
good luck to you too
  • #120,802
  • Feb 17, 2009 1:40am Feb 17, 2009 1:40am
Quoting sofia101
I did and I am out too
closed your short Sofia..?
  • #120,803
  • Feb 17, 2009 1:40am Feb 17, 2009 1:40am
For more confirmation waiting for another 15 minutes when H4 is closed ( London opening ). Maybe it is a bearish trap !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #120,804
  • Feb 17, 2009 1:41am Feb 17, 2009 1:41am
the best point for long will be @1.4040

good morning mates
  • #120,805
  • Feb 17, 2009 1:43am Feb 17, 2009 1:43am
Quoting JammerJams
closed your short Sofia..?
yes
  • #120,806
  • Feb 17, 2009 1:43am Feb 17, 2009 1:43am
manize : thanks mate. sure hope you caught that ride. Now that I've locked in, I'm off jogging. Catch you guys later.
Thank You
  • #120,807
  • Feb 17, 2009 1:45am Feb 17, 2009 1:45am
Quoting sofia101
yes
with time..it seems to be nearing the time for entry..

I will place it at a higher position...to catch it upward...

/what I would like may be something different form what will occur..but my preference would be below the 40xx level...
  • #120,808
  • Feb 17, 2009 1:46am Feb 17, 2009 1:46am
Re testing the daily trendline, took a small short at 4160, stop at 4180 .. Can afford to give back a few after catching 40 on the way down. Targeting 4110 (edit)
  • #120,809
  • Feb 17, 2009 1:49am Feb 17, 2009 1:49am
Quoting jack.canadia
Re testing the daily trendline, took a small short at 4160, stop at 4180 .. Can afford to give back a few after catching 40 on the way down. Targeting 4110 (edit)
Jack..thats rather gutsy
  • #120,810
  • Feb 17, 2009 1:51am Feb 17, 2009 1:51am
Sophia!

"Scalp is the way of the walk!..." Joke!

http://ecx.images-amazon.com/images/...XL._SS500_.jpg

I think 1.4133 was first target for now, London will bring something else and ''never'' land bomb at first minute.
-------------------------

5 min for London London (music!!!)
  • #120,811
  • Feb 17, 2009 1:51am Feb 17, 2009 1:51am
With news in just over 1.5 hours, are we expecting it to take us long?
  • #120,812
  • Feb 17, 2009 1:52am Feb 17, 2009 1:52am
Quoting JammerJams
Jack..thats rather gutsy
It is .. But its a valid entry. I sold at resistance. If it fails, I face a small loss compared to what I have gained on the day so far.
  • #120,813
  • Feb 17, 2009 1:55am Feb 17, 2009 1:55am
Plus we may very well see more sellers at 75/80
  • #120,814
  • Feb 17, 2009 1:59am Feb 17, 2009 1:59am
well Jack..I'm expecting great things from this run...
hope to gain +200 pips on this long...

I need to brew some coffee...
its been a long evening already..
  • #120,815
  • Feb 17, 2009 2:01am Feb 17, 2009 2:01am
Quoting jack.canadia
It is .. But its a valid entry. I sold at resistance. If it fails, I face a small loss compared to what I have gained on the day so far.
are you saying, you long at support and sell at resistance...if so this point could be a good position to go long?...1.4145
  • #120,816
  • Feb 17, 2009 2:03am Feb 17, 2009 2:03am
If i can had....

We look to be into a 3 wave formation whit a retracement of 38.2 on each leg. Those are extand of 1.618% and more = first target 1.4058/17/3984

http://www.harmonictrader.com/3drivesbullre.jpg
  • #120,817
  • Feb 17, 2009 2:05am Feb 17, 2009 2:05am
Quoting alfamichi
are you saying, you long at support and sell at resistance...if so this point could be a good position to go long?...1.4145
I caught the run down from 4190 and shorted again at 4160 as price retested the trendline. I am targeting 4110.
  • #120,818
  • Feb 17, 2009 2:06am Feb 17, 2009 2:06am
The Trend is very clear,,,,it will go down

May be u can think of getting small long for 100 Pips maximum but not from here , let it from 1.4040......and make a SL as we can break it directly

On 4H chart we are now breaking H&S nick line and this may be let us test YTD low at 1.35XX and may be also going down to 1.30XX...be very carfull with longs dear


Quoting alfamichi
are you saying, you long at support and sell at resistance...if so this point could be a good position to go long?...1.4145
  • #120,819
  • Feb 17, 2009 2:06am Feb 17, 2009 2:06am
I am looking to long on a fail to break below the low 40xx area.
  • #120,820
  • Feb 17, 2009 2:08am Feb 17, 2009 2:08am
i make some modification.
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