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Cable Update (GBPUSD)

  • #129,121
  • Apr 7, 2009 3:25pm Apr 7, 2009 3:25pm
Quoting zapper
IMHO, I can see PA taking us to 1.5373 before dipping, and setting us on the stairway to heaven...
I disagree. About a week ago analysis.
http://www.forexfactory.com/showpost...&postcount=708
Thank You
  • #129,122
  • Apr 7, 2009 4:42pm Apr 7, 2009 4:42pm
That's A Demo Platform

Look At My Prediction :d
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When life gives you lemons, make lemonade
  • #129,123
  • Apr 7, 2009 4:57pm Apr 7, 2009 4:57pm
Quoting micho
That's A Demo Platform

Look At My Prediction :d
Hey micho, 1.4540 was my original target when i shorted it at 1.4937. Market has come short of the 50% and bounce considerably before hitting the 50%. I have aborted the short side @ 1.4736 with a + 199pips. I''m now on the long side. Things are going to be volitile from here on with major news coming through.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #129,124
  • Apr 7, 2009 5:00pm Apr 7, 2009 5:00pm
Quoting Bull_Bear
Hey micho, 1.4540 was my original target when i shorted it at 1.4937. Market has come short of the 50% and bounce considerably before hitting the 50%. I have aborted the short side @ 1.4736 with a + 199pips. I''m now on the long side. Things are going to be volitile from here on with major news coming through.

IM STILL IN MY SHORT, ILL STICK TO IT UNTIL THE END
When life gives you lemons, make lemonade
  • #129,125
  • Apr 7, 2009 5:02pm Apr 7, 2009 5:02pm
Quoting micho
IM STILL IN MY SHORT, ILL STICK TO IT UNTIL THE END
Hope u can squeeze some lemons there mate. Good luck
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #129,126
  • Apr 7, 2009 5:04pm Apr 7, 2009 5:04pm
Quoting Bull_Bear
Hope u can squeeze some lemons the mate. Good luck
THANKS LOL

EVERYBODY IS THINKING LONG
When life gives you lemons, make lemonade
  • #129,127
  • Apr 7, 2009 5:23pm Apr 7, 2009 5:23pm
Quoting micho
THANKS LOL

EVERYBODY IS THINKING LONG
and so the market will... it`s you me and the "Everybody" who make the market
  • #129,128
  • Apr 7, 2009 5:27pm Apr 7, 2009 5:27pm
it's already 9 hours, he stop moving
  • #129,129
  • Apr 7, 2009 5:31pm Apr 7, 2009 5:31pm
I`ll stick to my long and keep on buying dips... on and on and on... like a "Never give up" school kid... lol, i`m too old though...
  • #129,130
  • Apr 7, 2009 5:33pm Apr 7, 2009 5:33pm
Quoting errich fx
it's already 9 hours, he stop moving

i think in asian session and before Uk session it will touch level of 1.4550..let see what happens but it can go down till 4640 in next few hours but still waiting for any trade no clear signal ......

Ub
  • #129,131
  • Apr 7, 2009 5:33pm Apr 7, 2009 5:33pm
Quoting zapper
I`ll stick to my long and keep on buying dips... on and on and on... like a "Never give up" school kid... lol, i`m too old though...

same here ....will never give up and will get it out in profit

Ub
  • #129,132
  • Apr 7, 2009 5:36pm Apr 7, 2009 5:36pm
IMHO:

Somethings work out, some don`t...
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  • #129,133
  • Apr 7, 2009 7:58pm Apr 7, 2009 7:58pm
Fellas is this thing really coming down someone confirm
  • #129,134
  • Apr 7, 2009 8:18pm Apr 7, 2009 8:18pm
Still looks like it could go either way but a close below 4650 and the momentum will be down, but as the last pages had shown, it'll be foolish to guess lol. Let's just wait. Watch the h&s closely btw.
Good luck.
Thank You
  • #129,135
  • Apr 7, 2009 9:04pm Apr 7, 2009 9:04pm
Always remember that a market will only move when people are either willing to buy or sell and the more people on either side will move the market to their favour.

Why would anyone buy with UK news coming out so bad at the moment. This is a week for the GBP to go down so just let it run it's course and hit 1.44 then then you get a better buy price. Don't waist your money by fighting a down trend, just let it run or jump on the train until it ends.

We are in the middle of the H4 trend line so again, let it reach the bottom and take your buys at 1.44.
  • #129,136
  • Apr 7, 2009 9:35pm Apr 7, 2009 9:35pm
This is a very GOOD article for those who are thinking of doing any buys on Cable.

http://www.dailyfx.com/story/currenc...117228824.html

Also have a look at where she was in 1984 and also in 2001 and how long she stayed low. Promises by the G20 to fix the financial crisis won't fix it overnight and honestly, the UK Government doesn't want a Strong currency, a weak currency is better for their budget when they will be borrowing money from the IMF in USD.
  • #129,137
  • Apr 7, 2009 11:52pm Apr 7, 2009 11:52pm
hai guys i just want to share my chart here...if cable will go down this weeks sure i will trade short.....eheeee
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be patient, self-belief and discipline... stay focus...
  • #129,138
  • Apr 8, 2009 12:32am Apr 8, 2009 12:32am
Quoting ottelo
I'am Long Now 1.4700 TP 1.5555
U should be kidding
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Gold is Money but Money is not Gold
  • #129,139
  • Apr 8, 2009 12:36am Apr 8, 2009 12:36am
Quoting zamah
U should be kidding

Yah, I reported too. Anyone interested in shorting these levels to 4612? I had a trade that tp at that level early this AM. Wondering if it looks to others about slipping back, or even beyond... not much news out tomorrow am for gbp.

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  • #129,140
  • Apr 8, 2009 12:56am Apr 8, 2009 12:56am
Happy Trading...
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