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Cable Update (GBPUSD)

  • #130,501
  • Apr 24, 2009 6:28am Apr 24, 2009 6:28am
Quoting Arns
What was the highest point of yesterday ? 1.4743 or 1.4740 ?
1.4742
  • #130,502
  • Apr 24, 2009 6:32am Apr 24, 2009 6:32am
hi terminale, I think we asume the same about cable going down, since the things are not going well for Uk, although they like to draw a pink picture as keeping the pair up, also dow and eu helps it to go up, I wait for today at least returning to down channel in the following hours, and closing the week around 4450-4550 range, what do you suggest bro?
Chief Member of 220 mph Riders Club...
  • #130,503
  • Apr 24, 2009 6:43am Apr 24, 2009 6:43am
Quoting kanji
hi terminale, I think we asume the same about cable going down, since the things are not going well for Uk, although they like to draw a pink picture as keeping the pair up, also dow and eu helps it to go up, I wait for today at least returning to down channel in the following hours, and closing the week around 4450-4550 range, what do you suggest bro?
I have same target , however i think 1.4350 will be possible today.
The rise is clearly a bulltrap. The volume up is low and they always cross some point to make trader the trend changed before crashing it : eg 1.5050 . crossed to 1.5062 . Buy limit triggered . and a massive drop. Same what happen yesterday 1.4730 . crossed to 1.474x then drop. I think they will do that dirty joke 2 or 3 time more.
  • #130,504
  • Apr 24, 2009 7:22am Apr 24, 2009 7:22am
i hope by 8:30 GU will shoot up, it was down too low already..
newbies yang minat nak belajar forex, sila ym saya, ym: ammal007
  • #130,505
  • Apr 24, 2009 7:30am Apr 24, 2009 7:30am
Quoting ammal07
i hope by 8:30 GU will shoot up, it was down too low already..
Hope going down... he he he to 1.44XX
Never look for past.. always beyond the boundary
  • #130,506
  • Apr 24, 2009 7:39am Apr 24, 2009 7:39am
Quoting hardaez
Hope going down... he he he to 1.44XX
i don't think soo datas of US are in favor of GBP so it is not possible but it will retrace but not very deeply let see what happens i also wish it go down becuase how much it will down so we will have good chance to go long for a longer term but let see what happens i am long at 4587


Ub
  • #130,507
  • Apr 24, 2009 7:42am Apr 24, 2009 7:42am
Quoting jack.canadia
Taking a shot on a retracement here in line with bearish expectations...

Shorted 4625

SL = 4655
TP = 4580 (unless breaks through)

I will move the stop down if it breaks 4600.

Let's see how she moves. I have 90 pips tonight already so if this trade fails, its bed time!
Widened the stop a bit based on price action before bed. Target was hit (4585) for +40 .
  • #130,508
  • Apr 24, 2009 7:49am Apr 24, 2009 7:49am
There is inverted H&S forming on 4 hour chart long 4603. I expect 4820
  • #130,509
  • Apr 24, 2009 8:09am Apr 24, 2009 8:09am
Quoting LAO
There is inverted H&S forming on 4 hour chart long 4603. I expect 4820
Im not getting that high a figure just yet - I went long from 1.459 - Im thinking of limiting to 1.474.
  • #130,510
  • Apr 24, 2009 8:13am Apr 24, 2009 8:13am
Quoting EricB
Im not getting that high a figure just yet - I went long from 1.459 - Im thinking of limiting to 1.474.
I think im going to close at 1.4725 - and let it go down - I think it could corrct to 1.467 atleast
  • #130,511
  • Apr 24, 2009 8:17am Apr 24, 2009 8:17am
Quoting LAO
There is inverted H&S forming on 4 hour chart long 4603. I expect 4820
Nice trade!
  • #130,512
  • Apr 24, 2009 8:18am Apr 24, 2009 8:18am
this thing is shooting through the roof
  • #130,513
  • Apr 24, 2009 8:20am Apr 24, 2009 8:20am
Iam out from this week. This crap dont want to die. closed all.
  • #130,514
  • Apr 24, 2009 8:28am Apr 24, 2009 8:28am
Quoting LAO
There is inverted H&S forming on 4 hour chart long 4603. I expect 4820
Here it is.
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  • #130,515
  • Apr 24, 2009 8:45am Apr 24, 2009 8:45am
Quoting Bull_Bear
Long entry @ 1.4615 38.2% SL 1.4550... waiting for the order to be filled TP 1.4800-1.4850

Gotta run till NY open.....
Trend is still up...
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #130,516
  • Apr 24, 2009 8:57am Apr 24, 2009 8:57am
Quoting Geppyg
Here he goes again
Geppyg, Jack offers constructive insights. Keep doing wot your doing man
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #130,517
  • Apr 24, 2009 8:57am Apr 24, 2009 8:57am
Quoting Bull_Bear
Trend is still up...
Im still expecting a correction to 1.467 though. Should Have kept my long open till 1.474 and not closed it at 1.4725
  • #130,518
  • Edited 10:32am Apr 24, 2009 9:09am | Edited 10:32am
I still have this as long to 1.48. Odds are currently 4 to 1 to reach daily average at a high of range before end of play (provided momentum isn't scuppered by better than expected US home sales). Might see retracement to 1.467 before though.

Quoting Bull_Bear
Trend is still up...
  • #130,519
  • Apr 24, 2009 9:13am Apr 24, 2009 9:13am
Quoting EricB
Im still expecting a correction to 1.467 though. Should Have kept my long open till 1.474 and not closed it at 1.4725
Maybe??? possible??? buy on dips would be my strategy, but thats me
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #130,520
  • Edited 9:37am Apr 24, 2009 9:25am | Edited 9:37am
i wish to 4800...but i closed when reach 135pips
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