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Cable Update (GBPUSD)

  • #198,221
  • Feb 5, 2010 2:00am Feb 5, 2010 2:00am
Quoting wormboy
yup.
also cable is currently smack on the 38.2 fib (23rd Jan low - 5th Aug high).
Bunch of confluence, the very reason I mentioned to you I particularly like this setup, nothing much to lose. If these support levels go, then it'll really go, we'd be selling big as well as I reckon we're likely see cable at 5300 real quick.
Keyword is still IF tho, I should know, been calling for 5300 level retest since June last year only to find 57xx levels, which is where we are right now to be a real rock. This level had been well defended for over 6 months...
Stopped out... stronger move than I anticipated.
  • #198,222
  • Feb 5, 2010 2:00am Feb 5, 2010 2:00am
woops. spoke too soon, looks like flat till nfp then
Thank You
  • #198,223
  • Feb 5, 2010 2:03am Feb 5, 2010 2:03am
Quoting wormboy
woops. spoke too soon, looks like flat till nfp then
is cable will contenu down or what???
  • #198,224
  • Feb 5, 2010 2:04am Feb 5, 2010 2:04am
Quoting Ctic
Stopped out... stronger move than I anticipated.
don't worry about it dude
  • #198,225
  • Feb 5, 2010 2:06am Feb 5, 2010 2:06am
Quoting egymedo
is cable will contenu down or what???
you shouldn't be really asking that kind of question and then intending to blind follow what anyone says.
  • #198,226
  • Feb 5, 2010 2:06am Feb 5, 2010 2:06am
Quoting egymedo
is cable will contenu down or what???
I don't think so, but I've just been proven wrong. So atm, your guess is as good as mine till after the nfp dust settles
Thank You
  • #198,227
  • Feb 5, 2010 2:07am Feb 5, 2010 2:07am
Quoting egymedo
is cable will contenu down or what???
Yes
  • #198,228
  • Feb 5, 2010 2:11am Feb 5, 2010 2:11am
Quoting marcus1rex
don't worry about it dude
No, I am not worried in the least bit. Like I said, I have an effective method but no method is 100% accurate. I picked up real nice pips the past couple days which made up for this small loss.

Remember:

Ride your winners, and cut your losers short.

C.
  • #198,229
  • Feb 5, 2010 2:12am Feb 5, 2010 2:12am
nothing between here and 1.5582 in terms of support candle wise.
The trend is not your friend, it's your master.
  • #198,230
  • Feb 5, 2010 2:12am Feb 5, 2010 2:12am
Quoting wormboy
I don't think so, but I've just been proven wrong. So atm, your guess is as good as mine till after the nfp dust settles
i long till now

cose it or hold??
  • #198,231
  • Feb 5, 2010 2:13am Feb 5, 2010 2:13am
long at 1.5660
SCARED MONEY NEVER DOES GOOD IN FOREX
  • #198,232
  • Feb 5, 2010 2:13am Feb 5, 2010 2:13am
Quoting Cultured
nothing between here and 1.5582 in terms of support candle wise.
Daily support.. 1.5662 and 1.5620 by my chart.
  • #198,233
  • Feb 5, 2010 2:15am Feb 5, 2010 2:15am
it's going down folks -look at some other pairs
  • #198,234
  • Feb 5, 2010 2:15am Feb 5, 2010 2:15am
Quoting egymedo
is cable will contenu down or what???
If your in it short well done, as for asking, mmmm some will say yes some no. Its your call always remember that. Look at the posts, you will be confused by all the 'wisdom' like a rabbit in the car headlights. Trade your money with your decisions otherwise may as well put it in an investment fund........
  • #198,235
  • Feb 5, 2010 2:18am Feb 5, 2010 2:18am
Quoting Clouds
it's going down folks -look at some other pairs
Well I do tend to agree with you that we will reach the monthly targets before month is over, but I want to wait to see what NFP does. Cable has been in this range for 8 months.

C.
  • #198,236
  • Feb 5, 2010 2:20am Feb 5, 2010 2:20am
Quoting Ctic
Well I do tend to agree with you that we will reach the monthly targets before month is over, but I want to wait to see what NFP does. Cable has been in this range for 8 months.

C.
so has a lot of pairs, but they all are breaking out of range like dominos
  • #198,237
  • Feb 5, 2010 2:21am Feb 5, 2010 2:21am
Quoting Clouds
so has a lot of pairs, but they all are breaking out of range like dominos
Very true..
  • #198,238
  • Feb 5, 2010 2:22am Feb 5, 2010 2:22am
Quoting Marj
If your in it short well done, as for asking, mmmm some will say yes some no. Its your call always remember that. Look at the posts, you will be confused by all the 'wisdom' like a rabbit in the car headlights. Trade your money with your decisions otherwise may as well put it in an investment fund........
Come on you guys..

The GBP/USD has been in a sell mode for the last 3 days
Why have you not been cleaning up pips? 300 pips in last 3 days
All I read is I am going long... why?
Trade with the trend on the 4 hr chart and make pips
Stop trying to trade against the trend.

Cheers

Smokey22
  • #198,239
  • Feb 5, 2010 2:27am Feb 5, 2010 2:27am
Quoting Clouds
so has a lot of pairs, but they all are breaking out of range like dominos
I just took a long position, not huge, but good. I'm quite happy with the prospects of this. Given the manipulatd volatility, I had to give it lots of slack. But, I'm pretty sure that the RRR is on my side with this one.
Ah Luv the smell of a good prediction in the mornin!
  • #198,240
  • Feb 5, 2010 2:28am Feb 5, 2010 2:28am
Lots of pips to made on this chart

Smokey22
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