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Cable Update (GBPUSD)

  • #121,341
  • Feb 18, 2009 5:54am Feb 18, 2009 5:54am
Quoting manize
We need an other specific character trader like you here !
I was waking up
  • #121,342
  • Feb 18, 2009 5:59am Feb 18, 2009 5:59am
Quoting Abuawad
i closed the 2nd one on 1.4185.
and now i'll wait to see what will happen with the fibo van around 1.4235~1.4245 then the uplimit @1.4255
before i take any other position...
Hmm... not seeing a fan line around 4235-4245 on my chart. Which hi/lo did you draw that from?

Thanks

Tim
  • #121,343
  • Feb 18, 2009 6:01am Feb 18, 2009 6:01am
Quoting flytim
Hmm... not seeing a fan line around 4235-4245 on my chart. Which hi/lo did you draw that from?

Thanks

Tim
a very BIG one from 1.3502 to 1.4345 from the history
  • #121,344
  • Feb 18, 2009 6:01am Feb 18, 2009 6:01am
If you read between the lines here you can get a very different scenario of the current situation. If you read between the lines you can actually see a Bullish Falling Wedge that the price has been respecting to the "T", for the exeption of 1 week when the price stayed below the wedge. Guys, .....This Wedge is still in play and I see long in the near future. The ensuing long wicks tell me that we may be in for 4-500 pips to the high side. Does anyone else see it?

AJ
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Disclaimer: Take all trades at your own risk. Trade Demo account only.
  • #121,345
  • Feb 18, 2009 6:02am Feb 18, 2009 6:02am
Quoting flytim
Hmm... not seeing a fan line around 4235-4245 on my chart. Which hi/lo did you draw that from?

Thanks

Tim
Exactly.
  • #121,346
  • Feb 18, 2009 6:06am Feb 18, 2009 6:06am
Quoting Chris_35
Just took out my s/l +30 above the d/pivot. In my heart of hearts I could see her going up, but hey she took me out in the green
Tbh, even with my short bias, cable's movement this past 2 days have left me in doubt. That's 2 days in a row I've been stopped out early in the trade after moving the stops, albeit both being in profits. My biggest take from cable this week was leaving the position open over the weekend. I think I'll wait for the time being. Would really hate to give those gains back.
Thank You
  • #121,347
  • Feb 18, 2009 6:06am Feb 18, 2009 6:06am
Quoting sofia101
I can see it will go to 1.4250-60 and then down ,will see
spot on (ish).
  • #121,348
  • Feb 18, 2009 6:15am Feb 18, 2009 6:15am
I just bag 100 pips ..long from 1.4120 - 1.4225.
  • #121,349
  • Feb 18, 2009 6:16am Feb 18, 2009 6:16am
Quoting Parky
spot on (ish).
We not done yet
  • #121,350
  • Feb 18, 2009 7:12am Feb 18, 2009 7:12am
good day mates..

i missed the UK bus...waiting for the USA bus...could somebody please tell me were we are going..before i enter the wrong bus..

thanks
  • #121,351
  • Feb 18, 2009 7:14am Feb 18, 2009 7:14am
42.30s looks strong res line. In a bit of a dilema weather 2 go short now.
  • #121,352
  • Feb 18, 2009 7:16am Feb 18, 2009 7:16am
every1 waiting 4 the 2:30m news.
  • #121,353
  • Feb 18, 2009 7:17am Feb 18, 2009 7:17am
well we are set to hit a down trendline which can be drawn back to 150 on 9 Feb
  • #121,354
  • Feb 18, 2009 7:18am Feb 18, 2009 7:18am
Quoting sofia101
We not done yet
now we are done LOL
  • #121,355
  • Feb 18, 2009 7:21am Feb 18, 2009 7:21am
Quoting sofia101
now we are done LOL
done about what?
  • #121,356
  • Feb 18, 2009 7:22am Feb 18, 2009 7:22am
I still see it going up to 4270-275. Would not be surprised to see it breakout to the 4h 50ema at 4365 for a gap fill.
  • #121,357
  • Feb 18, 2009 7:23am Feb 18, 2009 7:23am
Quoting sofia101
I can see it will go to 1.4250-60 and then down ,will see
About this
  • #121,358
  • Feb 18, 2009 7:29am Feb 18, 2009 7:29am
Quoting AJspeed
If you read between the lines here you can get a very different scenario of the current situation. If you read between the lines you can actually see a Bullish Falling Wedge that the price has been respecting to the "T", for the exeption of 1 week when the price stayed below the wedge. Guys, .....This Wedge is still in play and I see long in the near future. The ensuing long wicks tell me that we may be in for 4-500 pips to the high side. Does anyone else see it?

AJ
Thanks for your chart I agree with what your saying. If the daily stays like this then we could be in for a little rally esp if stocks pick up a bit, im still staying out of this as the current market sentiment is still bearish and favouring risk aversion. Will see how todays candle finishes
  • #121,359
  • Feb 18, 2009 7:33am Feb 18, 2009 7:33am
good morning all,

my long got stopped

I am looking to short at 4175 for 70 pips. What do you guys think?
  • #121,360
  • Feb 18, 2009 7:34am Feb 18, 2009 7:34am
Quoting CableXpert
good morning all,

my long got stopped

I am looking to short at 4175 for 70 pips. What do you guys think?
What time frame are u looking at?
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