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Cable Update (GBPUSD)

  • #198,081
  • Feb 4, 2010 4:14am Feb 4, 2010 4:14am
Quoting Ady
Does anyone use Vegas tunnel system and is it good?
Replay appreciated
the tunnel ststem works sometimes just like every method. Best used with another method or two as well.

Remeber...

Some methods will work some of the time
Other methods will work at other times
NO methods work all the time.
  • #198,082
  • Feb 4, 2010 4:15am Feb 4, 2010 4:15am
I am waiting for correction (dont know when and how much) and go short again.
Face both Win and Lose bravely
  • #198,083
  • Feb 4, 2010 4:22am Feb 4, 2010 4:22am
Quoting Ctic

Remeber...

Some methods will work some of the time
Other methods will work at other times
NO methods work all the time.
Helloooooooooo wise man that is true and I will engrave this on my heart
  • #198,084
  • Feb 4, 2010 4:23am Feb 4, 2010 4:23am
Thanks Ctic
  • #198,085
  • Feb 4, 2010 4:33am Feb 4, 2010 4:33am
Quoting Ctic
the tunnel ststem works sometimes just like every method. Best used with another method or two as well.

Remeber...

Some methods will work some of the time
Other methods will work at other times
NO methods work all the time.
Oh so very true.

Good reminder for us newbies I think.
{Promotion Removed}
  • #198,086
  • Feb 4, 2010 5:07am Feb 4, 2010 5:07am
According to Ian G Coleman, collaborator at FXstreet.com, the Elliott Wave Theory could advance a decline to 1.5600 area: "Elliott Wave theory is still alive with 1.6077 holding. If this is the case then we are in the fifth wave lower and should aim (LT) towards 1.5600. Short term, we are on the daily trend line at the moment as this is being used as support this morning. Fifth waves are usually very choppy with very messy sub-waves."
  • #198,087
  • Feb 4, 2010 6:04am Feb 4, 2010 6:04am
Where do we go from here after such a spike ? back down ?
  • #198,088
  • Feb 4, 2010 6:14am Feb 4, 2010 6:14am
interest rate is the same but the cable go why?
  • #198,089
  • Feb 4, 2010 6:28am Feb 4, 2010 6:28am
GU still have resistance 1.5888 before she's could break high (1.5916) dan will retest the low, because she have a downtren till 1.56 she need take breath ( i wish)
  • #198,090
  • Feb 4, 2010 6:34am Feb 4, 2010 6:34am
1.58 is a very strong level. If it holds today we can see rally to 1,6060-70 levels.
  • #198,091
  • Feb 4, 2010 6:34am Feb 4, 2010 6:34am
All I can say is, it's typical of Cable nowadays
  • #198,092
  • Feb 4, 2010 6:35am Feb 4, 2010 6:35am
Especially with poor NFP tomorrow for $


1.58 is a very strong level. If it holds today we can see rally to 1,6060-70 levels.
  • #198,093
  • Feb 4, 2010 6:43am Feb 4, 2010 6:43am
i wouldn't be trading cable today or tomorrow frankly.
  • #198,094
  • Feb 4, 2010 6:43am Feb 4, 2010 6:43am
Maybe the news caused the inital rise above the previous support line at 1.5850 and then the bears SL just above that line have propelled it up further...I expecting it to come back down before it reaches 5900...

Quoting tritasoldi
interest rate is the same but the cable go why?
  • #198,095
  • Feb 4, 2010 6:44am Feb 4, 2010 6:44am
Quoting ice_chill
Where do we go from here after such a spike ? back down ?
hehe, who knows....
  • #198,096
  • Feb 4, 2010 6:44am Feb 4, 2010 6:44am
Quoting fxblinkers
Maybe the news caused the inital rise above the previous support line at 1.5850 and then the bears SL just above that line have propelled it up further...I expecting it to come back down before it reaches 5900...

i'm agree with u fxbinkers
  • #198,097
  • Feb 4, 2010 6:58am Feb 4, 2010 6:58am
Quoting marbellafx
According to Ian G Coleman, collaborator at FXstreet.com, the Elliott Wave Theory could advance a decline to 1.5600 area: "Elliott Wave theory is still alive with 1.6077 holding. If this is the case then we are in the fifth wave lower and should aim (LT) towards 1.5600. Short term, we are on the daily trend line at the moment as this is being used as support this morning. Fifth waves are usually very choppy with very messy...

i bet malcolmb do it better than him...,
I will be the number one Manager.
  • #198,098
  • Feb 4, 2010 7:09am Feb 4, 2010 7:09am
http://www.ecb.int/home/html/index.en.html

Trchet live feed
  • #198,099
  • Feb 4, 2010 7:13am Feb 4, 2010 7:13am
Quoting marbellafx
1.58 is a very strong level. If it holds today we can see rally to 1,6060-70 levels.
This is my sentinent also. I mentioned this weeks earlier. But I was shooting for the 59 figure. ?ery strong support.
A. Finesse Williams Making Millions One Pip At A Time!
  • #198,100
  • Feb 4, 2010 7:15am Feb 4, 2010 7:15am
I won't go long now...i'm staying short...and especially when you look at the last 30mn candle close
It just see the selling pressure is way too strong to go long
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