Cable Update (GBPUSD)
- #135,883
- Jun 8, 2009 3:47am Jun 8, 2009 3:47am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Thank You
- #135,886
- Jun 8, 2009 4:11am Jun 8, 2009 4:11am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Hi wormboy. How are you today? No sign of retracement as yet. It tested 38.2 fib but not broken. What do you think? I'm still waiting to get back onto the gravy train.
This is what I think for the time being tho : http://www.forexfactory.com/showpost...stcount=135875
As far as getting back onto the train is concerned, I think a runup back to 5950 levels ought to give you a nice opportunity ( should the opportunity presents itself )
Good luck & trade safe my friend
Thank You
- #135,887
- Jun 8, 2009 4:13am Jun 8, 2009 4:13am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Thank You
whats up 4cfx. I'm doing okay, hope you are too.
This is what I think for the time being tho : http://www.forexfactory.com/showpost...stcount=135875
As far as getting back onto the train is concerned, I think a runup back to 5950 levels ought to give you a nice opportunity ( should the opportunity presents itself )
Good luck & trade safe my friend
- #135,890
- Jun 8, 2009 4:43am Jun 8, 2009 4:43am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
I'm..
Tho, I must admit it doesn't look anywhere near like stopping to take a breather does it? A close below 5725 level is also another option for you I suppose, maybe you'd want to pull up your chart to see if it does make sense to you as it does for me.
Have a good one
Thank You
- #135,892
- Jun 8, 2009 5:01am Jun 8, 2009 5:01am
- Joined Mar 2009 | Status: FX | 3,789 Posts
Veni, Vidi, Vici (We came, we saw, we conquered)
Lol, being patient is paramount in this business my friend
Tho, I must admit it doesn't look anywhere near like stopping to take a breather does it? A close below 5725 level is also another option for you I suppose, maybe you'd want to pull up your chart to see if it does make sense to you as it does for me.
Have a good one
- #135,894
- Jun 8, 2009 5:15am Jun 8, 2009 5:15am
- | Joined May 2009 | Status: Trader | 1,124 Posts
You've got to be IN IT to WIN IT!
- #135,895
- Jun 8, 2009 5:20am Jun 8, 2009 5:20am
- Joined Mar 2009 | Status: FX | 3,789 Posts
Go Go BULL. You are doing well.
Veni, Vidi, Vici (We came, we saw, we conquered)
- #135,896
- Jun 8, 2009 5:30am Jun 8, 2009 5:30am
- | Joined Jun 2008 | Status: Learning Properly This Time! | 1,212 Posts
Keep It Simple Stupid
- #135,898
- Jun 8, 2009 5:41am Jun 8, 2009 5:41am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
My chart keeps telling me it should retrace from 1.5796 fib but cable doesn't seem to want to....I find it difficult that cable could drop further without retracement. What does your experience tell you?
On a serious note tho, the hourly chart which I had put up earlier shows that I am inclined that we're likely to consolidate for a substantial amount of time before dropping further & I have currently 5950 level to add in short. The 5725 level which I mentioned earlier is another small support level which we could place our trades from. Of course, I will also welcome the fact if I'm wrong in this and price slides further - since I am still holding short
Thank You
- #135,899
- Jun 8, 2009 5:49am Jun 8, 2009 5:49am
- Joined Mar 2009 | Status: FX | 3,789 Posts
My shallow experience tells me that the word should is a very strong word my friend.
On a serious note tho, the hourly chart which I had put up earlier shows that I am inclined that we're likely to consolidate for a substantial amount of time before dropping further & I have currently 5950 level to add in short. The 5725 level which I mentioned earlier is another small support level which we could place our trades from. Of course, I will also welcome the fact if I'm wrong in this and price slides further - since I am still holding...
Veni, Vidi, Vici (We came, we saw, we conquered)