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Cable Update (GBPUSD)

  • #129,341
  • Apr 9, 2009 6:33am Apr 9, 2009 6:33am
Quoting riggster
Bull Bear, are your targets fib retracement levels? Theyre spot on with mine from 1H........here goes .... can she hold??
Once again....nope
  • #129,342
  • Apr 9, 2009 6:34am Apr 9, 2009 6:34am
Quoting riggster
Bull Bear, are your targets fib retracement levels? Theyre spot on with mine from 1H........here goes .... can she hold??
Yeah close too, but also keep an eye on the rising trend line on the 4hr. Whichever comes first is a good enough support area.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #129,343
  • Apr 9, 2009 6:38am Apr 9, 2009 6:38am
Quoting Bull_Bear
Yeah close too, but also keep an eye on the rising trend line on the 4hr. Whichever comes first is a good enough support area.
Thanks mate will look at that now.
  • #129,344
  • Apr 9, 2009 6:42am Apr 9, 2009 6:42am
Quoting micho
yes i have the target set to 1.4550, if i see rejection around 1.457x 8x or so i will set a stop loss at 1.46 or something cause its gonna be tuff battle
ok Im in, I think GBP is already break, lets short...
Attached Image (click to enlarge)
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  • #129,345
  • Apr 9, 2009 6:43am Apr 9, 2009 6:43am
Quoting riggster
Thanks mate will look at that now.
Cool i see, looking for the next touch of the trendline.
  • #129,346
  • Apr 9, 2009 6:47am Apr 9, 2009 6:47am
Quoting errich fx
ok Im in, I think GBP is already break, lets short...
Attachment
you are shorting from the bottom man, be carefulll mannnnnnnnnnnnnnn
When life gives you lemons, make lemonade
  • #129,347
  • Apr 9, 2009 6:48am Apr 9, 2009 6:48am
Maybe the U.S. can give us a hand with this in 10 mins??
  • #129,348
  • Apr 9, 2009 7:34am Apr 9, 2009 7:34am
hi! why isn't falling, it's good news?
short @ 925
  • #129,349
  • Apr 9, 2009 7:35am Apr 9, 2009 7:35am
events are in favor of USD so it should b down why its stop

Ub
  • #129,350
  • Apr 9, 2009 7:38am Apr 9, 2009 7:38am
considering news there should have been bigger fall. could it go to 740, 770? this doesn't look like solid fall
  • #129,351
  • Apr 9, 2009 7:39am Apr 9, 2009 7:39am
still with my 2 shorts
When life gives you lemons, make lemonade
  • #129,352
  • Apr 9, 2009 7:40am Apr 9, 2009 7:40am
I'm afraid to say it....
I think she wont going down by now
The Ottelo way's find the mutual system to wins
  • #129,353
  • Apr 9, 2009 7:40am Apr 9, 2009 7:40am
Quoting Endrju
hi! why isn't falling, it's good news?
short @ 925

Why the market behaves as it does, no one can answer that question with 100% accuracy. Hopefully its rejecting the 1.4700 level and as long as that holds we may see some more continuation south.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #129,354
  • Apr 9, 2009 7:41am Apr 9, 2009 7:41am
Attached Image
When life gives you lemons, make lemonade
  • #129,355
  • Apr 9, 2009 7:42am Apr 9, 2009 7:42am
Looking 1.5555
The Ottelo way's find the mutual system to wins
  • #129,356
  • Apr 9, 2009 7:44am Apr 9, 2009 7:44am
Quoting Bull_Bear
Why the market behaves as it does, no one can answer that question with 100% accuracy. Hopefully its rejecting the 1.4700 level and as long as that holds we may see some more continuation south.
When you have the Daily MACD and Daily Stochastics going in different directions, you get the up and down movements. When they are lined up in the same direction you get the big moves. Also when your higher time frames are lined up in the same direction..... everything is out of wack for the time being so hold on tight!
  • #129,357
  • Apr 9, 2009 7:46am Apr 9, 2009 7:46am
Quoting micho

oops short @ 4700 now its in - before that was in +30 :O


Ub
  • #129,358
  • Apr 9, 2009 7:49am Apr 9, 2009 7:49am
i think she is kissing 1.47 good bye and 1.47 is telling her okay now ride down and take care
When life gives you lemons, make lemonade
  • #129,359
  • Apr 9, 2009 7:50am Apr 9, 2009 7:50am
Quoting ubaidahsan
oops short @ 4700 now its in - before that was in +30 :O


Ub
dont worry my shorts are safe

one at 1.4875
and one at 1.4724 with stop loss at BE
When life gives you lemons, make lemonade
  • #129,360
  • Apr 9, 2009 7:54am Apr 9, 2009 7:54am
Quoting DollaBill
When you have the Daily MACD and Daily Stochastics going in different directions, you get the up and down movements. When they are lined up in the same direction you get the big moves. Also when your higher time frames are lined up in the same direction..... everything is out of wack for the time being so hold on tight!
Wow, trading lesson 101..... I've already position myself at the top end off the market.
Veni, Vidi, Vici (We came, we saw, we conquered)
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