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Cable Update (GBPUSD)

  • #129,861
  • Apr 20, 2009 1:43am Apr 20, 2009 1:43am
Quoting MantaRedSea
Jack, is it ok to buy from 1.4600 to target 1.850?
I wont know until it gets there!

It could bounce, then fib and break .. or form a 1/2/3 and move up .. or form a bear flag pattern and break down again.

Maybe move the stop on the 4744 to break even .. and if price goes back through that level, place another order to sell at 4744 and then see what happens.

However you come out of this, consider it a big lesson learned.
  • #129,862
  • Apr 20, 2009 1:51am Apr 20, 2009 1:51am
Quoting smartalicus
im with you on the 4600 area, jack. liked the pitchfork analysis
If you're short also make sure your stop is in .. and in profit if reasonable. It can do one of two things here and hopefully it keeps going down to break the pitchfork line!
  • #129,863
  • Apr 20, 2009 2:02am Apr 20, 2009 2:02am
Hourly close below the fork it appears ... Let's see what happens now.
  • #129,864
  • Apr 20, 2009 2:10am Apr 20, 2009 2:10am
Cable is in the descending channel. Level 1.46 will feel precisely.
  • #129,865
  • Apr 20, 2009 2:15am Apr 20, 2009 2:15am
Hit Daily S2 at 1.4643 spot on.

I took my profits for this wonderful Sunday...140 pips!

See ya tomorrow.
  • #129,866
  • Apr 20, 2009 2:22am Apr 20, 2009 2:22am
Quoting jack.canadia
Hit Daily S2 at 1.4643 spot on.

I took my profits for this wonderful Sunday...140 pips!

See ya tomorrow.
Сongratulate! Me closed on teik profit only on 1.4635.: (
Price can not reach.: (
  • #129,867
  • Apr 20, 2009 2:32am Apr 20, 2009 2:32am
I looking to go long at bullish TL support at 1.4630 SL 1.4550 and TP 1.4800
  • #129,868
  • Apr 20, 2009 2:39am Apr 20, 2009 2:39am
Quoting Arpeccop
Cable is in the descending channel. Level 1.46 will feel precisely.
Is it going under 1.4600?
  • #129,869
  • Apr 20, 2009 3:03am Apr 20, 2009 3:03am
my view
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  • #129,870
  • Apr 20, 2009 3:20am Apr 20, 2009 3:20am
buy, my TP 1.4850
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  • #129,871
  • Apr 20, 2009 3:23am Apr 20, 2009 3:23am
Quoting MantaRedSea
Is it going under 1.4600?
Yes. Level 1.4603 was.
  • #129,872
  • Apr 20, 2009 3:29am Apr 20, 2009 3:29am
Quoting derek
buy, my TP 1.4850
Thanks you. I buy it, only 1.4580-1.4590.
  • #129,873
  • Apr 20, 2009 3:41am Apr 20, 2009 3:41am
Probably Today scenario 1.4544 then Up
The Ottelo way's find the mutual system to wins
  • #129,874
  • Apr 20, 2009 3:47am Apr 20, 2009 3:47am
Quoting ottelo
Probably Today scenario 1.4544 then Up
Why 1.4544?
  • #129,875
  • Apr 20, 2009 3:53am Apr 20, 2009 3:53am
Is anyone else looking for the right time when you see that GBP/USD will be going up and buy? When EUR/USD will start to go up we'll see GBP/USD to go up. I'll also looking to sell EUR/USD, hopefully in some 48 hours when the market will be done going up for the week and will start going down. Hopefully I'll get in a buy on the cable soon.
  • #129,876
  • Apr 20, 2009 3:54am Apr 20, 2009 3:54am
Quoting Arpeccop
Why 1.4544?
what happen to cable?....
  • #129,877
  • Apr 20, 2009 3:59am Apr 20, 2009 3:59am
Quoting Arpeccop
Why 1.4544?
Moving Average @ Daily Chart
  • #129,878
  • Apr 20, 2009 4:00am Apr 20, 2009 4:00am
Quoting John Lo
what happen to cable?....
How come not many people in here have a clue why it is falling? Sharpen up on your fundermentals.
Probability Professor
  • #129,879
  • Apr 20, 2009 4:01am Apr 20, 2009 4:01am
Quoting John Lo
what happen to cable?....
Question to me?
  • #129,880
  • Apr 20, 2009 4:02am Apr 20, 2009 4:02am
Quoting deboooo2005
Moving Average @ Daily Chart
Moving Average? What period?
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