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Cable Update (GBPUSD)

  • #135,201
  • Jun 3, 2009 3:39am Jun 3, 2009 3:39am
I love it when price is a rollercoaster
  • #135,202
  • Jun 3, 2009 3:44am Jun 3, 2009 3:44am
Pm your e mail and ill send you a Japanese candlestick book that I found very useful Chonyc
love your signiture BTW

Quoting chonyc
Thanks very much, Bones. I will try and study it more till it becomes easier...It made my trading fun...rather than using tons of indicators before.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #135,203
  • Jun 3, 2009 3:46am Jun 3, 2009 3:46am
Be Quick, Down!! Cable Down!!
  • #135,204
  • Jun 3, 2009 3:57am Jun 3, 2009 3:57am
Quoting Reznik
Be Quick, Down!! Cable Down!!
yup. back to 5300
Thank You
  • #135,205
  • Jun 3, 2009 4:00am Jun 3, 2009 4:00am
Quoting wormboy
yup. back to 5300
Hi wormboy, my wavecount has room for one more leg up before the big retrace down to 1.53 area.
  • #135,206
  • Jun 3, 2009 4:00am Jun 3, 2009 4:00am
hope makes you happy, till you fall down again and rip your belly open. hehe.
sorry, had an odd night lol
  • #135,207
  • Jun 3, 2009 4:02am Jun 3, 2009 4:02am
Quoting Bones
Pm your e mail and ill send you a Japanese candlestick book that I found very useful Chonyc
love your signiture BTW

PM sent. Thanks very much.
Never Stop Learning...
  • #135,208
  • Jun 3, 2009 4:09am Jun 3, 2009 4:09am
Quoting 4cfx
Hi wormboy, my wavecount has room for one more leg up before the big retrace down to 1.53 area.
Hello 4cfx. I could agree with you if price close above 6600 as I mention yesterday. That didn't materialise, so my bias is still down to that level.
However if it does close above 6600, I don't see cable stopping anywhere before 71xx level.
Have a good one my friend
Thank You
  • #135,209
  • Jun 3, 2009 4:11am Jun 3, 2009 4:11am
Im always amazed when my sl is sooo close to being reached and then price shifts at the last minute. Thats the beauty of years of backstesting and probability !
  • #135,210
  • Jun 3, 2009 4:12am Jun 3, 2009 4:12am
but its not over till trade is close, and my tp is not reached, sigh
  • #135,211
  • Jun 3, 2009 4:16am Jun 3, 2009 4:16am
So close, two pips.
Picture is from 24.05.
Attached Image
  • #135,212
  • Jun 3, 2009 4:20am Jun 3, 2009 4:20am
this pair was supposed to rally after the news but didnt,can some1 tell me why
  • #135,213
  • Jun 3, 2009 4:20am Jun 3, 2009 4:20am
first TP reached closed 1/3
  • #135,214
  • Jun 3, 2009 4:21am Jun 3, 2009 4:21am
the european news was minor

http://www.fxstreet.com/fundamental/economic-calendar/
  • #135,215
  • Jun 3, 2009 4:22am Jun 3, 2009 4:22am
Quoting wormboy
Hello 4cfx. I could agree with you if price close above 6600 as I mention yesterday. That didn't materialise, so my bias is still down to that level.
However if it does close above 6600, I don't see cable stopping anywhere before 71xx level.
Have a good one my friend
Unfortunately, I was sleeping and price missed my order by 5 pips. Have been waiting for a good entry point. Any advice as I'm not too good at picking entry in between.
  • #135,216
  • Jun 3, 2009 4:23am Jun 3, 2009 4:23am
too late for entry if you ask me, theres strong support here
  • #135,217
  • Jun 3, 2009 4:27am Jun 3, 2009 4:27am
Quoting leosfx
too late for entry if you ask me, theres strong support here
Thanks. That's was I thought so no entry
  • #135,218
  • Jun 3, 2009 4:27am Jun 3, 2009 4:27am
It might still go down...bearish pattern on H1 and engulfing on H4....
Never Stop Learning...
  • #135,219
  • Jun 3, 2009 4:29am Jun 3, 2009 4:29am
I would wait for short-term trend to confirm itself and get in in a pullback
  • #135,220
  • Jun 3, 2009 4:29am Jun 3, 2009 4:29am
Hello everybody, I need to know one thing. Please let me know. even though GBP PMI number came out very good the GBPUSD fell down. What is the reason? Actually GBP needs to be more stronger against dollar because PMI indicator came out pretty good. Buy it went down What is the reason for that?
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