Cable Update (GBPUSD)
- #135,704
- Jun 5, 2009 1:13am Jun 5, 2009 1:13am
- | Joined Jun 2007 | Status: Still Learning :) | 1,203 Posts
ub,
Do not pin down your losses on luck. Why did you go long before? There wasn't any need to do so. The bias is clearly down my friend, I've been saying this this whole week no buying unless close above 6600. Remember? Only a blind man or someone who is carrying losses will refuse to admit the trend has shifted albeit if it's even for short term. 500 pips downmove in 2 days says I'm right.
Listen brother, stop trying to predict moves all the time. Better yet, don't predict at all. I see a lot of "i don't see us going here, or not breaking...
with your helpUb
I guess you in short.
- #135,716
- Jun 5, 2009 2:01am Jun 5, 2009 2:01am
- | Joined Jun 2008 | Status: Learning Properly This Time! | 1,212 Posts
Keep It Simple Stupid
Good morning everyone. I see cable has done nicely over the night and I didn't miss my profit target this time.
Here's my slightly amended hourly chart as promised last night. 1.6043 is daily resistance and also 38.2 fib of long term decline. Also, wave A of the correction from 1.6667 seems complete with equality in first and last subwaves. It could be time for a retrace back up to 1.6380/1.6400 before the move down.
What do you think?
Here's my slightly amended hourly chart as promised last night. 1.6043 is daily resistance and also 38.2 fib of long term decline. Also, wave A of the correction from 1.6667 seems complete with equality in first and last subwaves. It could be time for a retrace back up to 1.6380/1.6400 before the move down.
What do you think?
