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Cable Update (GBPUSD)

  • #128,941
  • Apr 6, 2009 6:11am Apr 6, 2009 6:11am
Sell Cable @ 1.4937.... SL 1.4987....
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #128,942
  • Apr 6, 2009 6:12am Apr 6, 2009 6:12am
Quoting rolybyon
hi deboooo
impressive...didnt see it that low on IGindex. how did you manage to get some in there?
My broker FXSOL reach it
  • #128,943
  • Apr 6, 2009 6:13am Apr 6, 2009 6:13am
Quoting Bull_Bear
Sell Cable @ 1.4937.... SL 1.4987....

I think cable could test new high ... just take care
  • #128,944
  • Apr 6, 2009 6:17am Apr 6, 2009 6:17am
Quoting deboooo2005
SL @ BE and looking for break 1.4949
I'm still sure she will go up...
Attached Image
just follow the trend...
  • #128,945
  • Apr 6, 2009 6:18am Apr 6, 2009 6:18am
Quoting deboooo2005
I think cable could test new high ... just take care
Thanks for the heads up but i have sell signal on my chart. if not let it hit my SL... which i have adjusted to 1.5005. Will add to short if my signal haven't change above 1.4980. Nice scalping there.... debooo
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #128,946
  • Apr 6, 2009 6:30am Apr 6, 2009 6:30am
Quoting Bull_Bear
Thanks for the heads up but i have sell signal on my chart. if not let it hit my SL... which i have adjusted to 1.5005. Will add to short if my signal haven't change above 1.4980. Nice scalping there.... debooo
My 2 Sell pending order @ 1.5095 and 1.4820
  • #128,947
  • Apr 6, 2009 6:41am Apr 6, 2009 6:41am
Quoting deboooo2005
My 2 Sell pending order @ 1.5095 and 1.4820
I think the 1.5000 is a huge psyc level to break after such steep rise in cable. It will take alot to take out this level and i don't beleive that it still have enough steam to drive on. Jus my take on it
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #128,948
  • Apr 6, 2009 6:48am Apr 6, 2009 6:48am
Quoting Bull_Bear
I think the 1.5000 is a huge psyc level to break after such steep rise in cable. It will take alot to take out this level and i don't beleive that it still have enough steam to drive on. Jus my take on it

Hold your breath ... watch how it move
  • #128,949
  • Apr 6, 2009 6:52am Apr 6, 2009 6:52am
Yes off course it goes up , and it may reach 1.5300 before wednesday.

I will only short it on Wednesday
  • #128,950
  • Apr 6, 2009 6:58am Apr 6, 2009 6:58am
Quoting deboooo2005
Hold your breath ... watch how it move
It's not moving with any decisive threat. I have confirmation that EUR/US is also giving back, along with US/CHF. Good luck...
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #128,951
  • Apr 6, 2009 7:06am Apr 6, 2009 7:06am
Quoting forex888
Yes off course it goes up , and it may reach 1.5300 before wednesday.

I will only short it on Wednesday

When we were in a Daily DOWN TREND, Cable would drop 1000 pips and then retrace 600pip, drop 1000 pips and retrace 600pips and so on.

I believe the Trend has changed to UPTREND when we saw Cable go from 1.37 to 1.47, 1000 pips, it then dropped last Monday to 1.4150, 600 pips so, 1000 pips up is 1.5150, then we should see a 600 pip retracement to 1.45 then then another run up to 1.55.

This would then form a NEW H4 trend line until she reaches 1.63
  • #128,952
  • Apr 6, 2009 7:11am Apr 6, 2009 7:11am
Quoting Bull_Bear
It's not moving with any decisive threat. I have confirmation that EUR/US is also giving back, along with US/CHF. Good luck...
and also gold
  • #128,953
  • Apr 6, 2009 7:39am Apr 6, 2009 7:39am
Quoting micho
well i am not holding any trades but my calculations say that we should logically fall to 1.44x before any further up move... i personally find it hard to believe but the charts say it... i dont know who agrees or who doesn't, lets see whats gonna happen
Make it 1.4546 if new high holds
When life gives you lemons, make lemonade
  • #128,954
  • Apr 6, 2009 7:46am Apr 6, 2009 7:46am
Is gbpusd changing direction now? let me know here it
  • #128,955
  • Apr 6, 2009 7:47am Apr 6, 2009 7:47am
Quoting micho
Make it 1.4546 if new high holds
yeah, 38.2%.... 1.4638 and 50%..... are good points..... 1.4535
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #128,956
  • Apr 6, 2009 7:56am Apr 6, 2009 7:56am
H & S developing??
Attached Image (click to enlarge)
Click to Enlarge Name: 1hr.JPG Size: 141 KB
  • #128,957
  • Apr 6, 2009 7:57am Apr 6, 2009 7:57am
Quoting Bull_Bear
yeah, 38.2%.... 1.4638 and 50%..... are good points..... 1.4535


you mean good entry point
  • #128,958
  • Apr 6, 2009 8:04am Apr 6, 2009 8:04am
Quoting dozzz71
you mean good entry point
I've been on the short side since 1.4937. Looking for a possible retracement to those levels. Safer to reverse for longs around the 50%... but who's??? you are only safe, if your SL is in place.

Short trading day for me today....

Stay on the green side.... happy trading
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #128,959
  • Apr 6, 2009 8:31am Apr 6, 2009 8:31am
Buy Above 1.4860 or Sell Below 1.4820..Remember to put your Stop Loss...


just my idea
  • #128,960
  • Apr 6, 2009 8:45am Apr 6, 2009 8:45am
Quoting Bull_Bear
yeah, 38.2%.... 1.4638 and 50%..... are good points..... 1.4535
When life gives you lemons, make lemonade
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