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Cable Update (GBPUSD)

  • #133,801
  • May 21, 2009 11:42pm May 21, 2009 11:42pm
Quoting arif_endro
This month cable up 1000 pips, and on this week only it contribute 700 pips gain. Its seem yesterday cable drop 250 pips in less than an hour don't stop cable up move. Any ideas, whats going on.
Welcome to the Lawrence Welk era. Bubble to bubble to bubble.
  • #133,802
  • Edited 1:10am May 22, 2009 12:56am | Edited 1:10am
Seems another correction is in progress before rebounding to upside.
Can expect 1.5760 soon.

(Dont follow my thoughts, its dangerous!)

I also expect it go to 1.5689 where 23.6% fibo.
Anyway, my pending sell is on 1.5864.
ABCD..
  • #133,803
  • May 22, 2009 1:41am May 22, 2009 1:41am
Quoting sreeprakash
Seems another correction is in progress before rebounding to upside.
Can expect 1.5760 soon.

(Dont follow my thoughts, its dangerous!)

I also expect it go to 1.5689 where 23.6% fibo.
Anyway, my pending sell is on 1.5864.

We see. Friday so that means anything can happen and bh Monday.....

Quite here this morning. Must all have done well day off long weend for all I hope.....
  • #133,804
  • May 22, 2009 1:54am May 22, 2009 1:54am
hi
still long from yesterday @ 1.5736 and closed half position @ 1.5849 and the others stil open and SL @ BE 1.5736 my first target 1.5945
  • #133,805
  • May 22, 2009 1:57am May 22, 2009 1:57am
I see it touching 1.6000 and then a massive sell till 1.5300 region atleast
  • #133,806
  • Edited 2:05am May 22, 2009 2:04am | Edited 2:05am
Quoting Red.Hawk
I see it touching 1.6000 and then a massive sell till 1.5300 region atleast
That was almost 24 hours before man!!
ABCD..
  • #133,807
  • May 22, 2009 2:06am May 22, 2009 2:06am
hi

i add another long here @ 1.5845 TP 1.4945
  • #133,808
  • May 22, 2009 2:07am May 22, 2009 2:07am
Quoting GlobalMacro
Long triggered @ 1.5792
Exited the entire long position this morning at 1.5891 -> +99 pips profit booked & SL recovered 100%.

The market tried to break this level twice. Bullish momentum fading.
Attached Image
Hear the music before the song is over ...
  • #133,809
  • May 22, 2009 2:11am May 22, 2009 2:11am
Sitting and Testing first defense...
ABCD..
  • #133,810
  • May 22, 2009 2:12am May 22, 2009 2:12am
long 5830
  • #133,811
  • May 22, 2009 2:17am May 22, 2009 2:17am
Quoting GlobalMacro
Exited the entire long position this morning at 1.5891 -> +99 pips profit booked & SL recovered 100%.

The market tried to break this level twice. Bullish momentum fading.
thats good trade ... 1.5820 was better place to add long
  • #133,812
  • May 22, 2009 2:22am May 22, 2009 2:22am
hi

wooooooooow watch euro get high & high against USD
  • #133,813
  • May 22, 2009 2:23am May 22, 2009 2:23am
Quoting free4440273
long 5830
exit 5850
  • #133,814
  • May 22, 2009 2:25am May 22, 2009 2:25am
Quoting free4440273
exit 5850
Good...
Testing again defense.
ABCD..
  • #133,815
  • May 22, 2009 2:27am May 22, 2009 2:27am
Defense broken...
Now what?
1.5689??
ABCD..
  • #133,816
  • May 22, 2009 2:31am May 22, 2009 2:31am
People USE SL ! there's no point in letting a position run without SL.
Hear the music before the song is over ...
  • #133,817
  • May 22, 2009 2:33am May 22, 2009 2:33am
my GBP/USD target 1.5650.....
  • #133,818
  • May 22, 2009 2:38am May 22, 2009 2:38am
first target is 1.5689....
  • #133,819
  • May 22, 2009 2:39am May 22, 2009 2:39am
Dont follow my suggestions.. Its Dangerous!!
ABCD..
  • #133,820
  • May 22, 2009 2:40am May 22, 2009 2:40am
Decline accelerating now at 1.5760s .
People who were calling long at 1.5840 and 1.5820 just a couple of moments ago
should understand that this kind of position without SL
is NOT trading it's gambling.
Attached Image
Hear the music before the song is over ...
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