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Cable Update (GBPUSD)

  • #201,281
  • Feb 23, 2010 8:39am Feb 23, 2010 8:39am
Quoting Kijang Emas
dunno wheter is just a bear flag, or some serious fight to climb up..

might see 1.5530 later..might go down from there or continue up..time will tell

i might be wrong
Figure out at 3pm - !!
  • #201,282
  • Feb 23, 2010 8:45am Feb 23, 2010 8:45am
Quote
Could that bearish price action mark the end of the -180pip retracement?

If so, I might estimate that as having retraced 30% from Big1red9's target retracement (fib 50) of 1.5484.

Is that possible?

J

Fib projection comes into play. 1.5481 was fib retracement giving us point C.

We are in downtrend. So we will use fib projection now.

Fib projection, retracement and extension are 3 different tools.

Fib projection at 100% is around 1.5154. Fresh selling needed to drop another 200-250 pips in next 1-2 days.
  • #201,283
  • Feb 23, 2010 9:00am Feb 23, 2010 9:00am
and here we go ...
new low please
Thank You
  • #201,284
  • Feb 23, 2010 9:11am Feb 23, 2010 9:11am
Quoting wormboy
and here we go ...
new low please
Wormboy I have some long term shorts with an initial target of 1.5 but I think we may go even lower. What do you think?
Gone to a better place
  • #201,285
  • Feb 23, 2010 9:12am Feb 23, 2010 9:12am
guess frankies & london boys stole the thunder today
Thank You
  • #201,286
  • Feb 23, 2010 9:14am Feb 23, 2010 9:14am
Sell 1.5445 Small Lot.
  • #201,287
  • Feb 23, 2010 9:14am Feb 23, 2010 9:14am
Quoting wormboy
and here we go ...
new low please
not this time , new high lol
  • #201,288
  • Feb 23, 2010 9:14am Feb 23, 2010 9:14am
Have you seen xxx/jpy??
Gone to a better place
  • #201,289
  • Feb 23, 2010 9:16am Feb 23, 2010 9:16am
Quoting smikester
Wormboy I have some long term shorts with an initial target of 1.5 but I think we may go even lower. What do you think?
I think if price clears 5300 cleanly you'll have a shout brother. No wait ... we both will be shouting
Long term I have 4900 level in sight
Thank You
  • #201,290
  • Feb 23, 2010 9:16am Feb 23, 2010 9:16am
60 short pips, then must be 5530 for week us data and after 5330
  • #201,291
  • Feb 23, 2010 9:18am Feb 23, 2010 9:18am
Quoting digger1
not this time , new high lol
lol .. on what? the m1?
Thank You
  • #201,292
  • Feb 23, 2010 9:20am Feb 23, 2010 9:20am
Quoting meromar
60 short pips, then must be 5530 for week us data and after 5330
I've never seen you post anything else except your pip gains.
How about a chart for a change.
Thank You
  • #201,293
  • Feb 23, 2010 9:22am Feb 23, 2010 9:22am
Quoting wormboy
lol .. on what? the m1?
1 tick chart
  • #201,294
  • Feb 23, 2010 9:25am Feb 23, 2010 9:25am
Quoting digger1
not this time , new high lol

i'm with u digger ..

the latest -ve US Consumer Confidence figure is the worst since 10 months..
  • #201,295
  • Feb 23, 2010 9:25am Feb 23, 2010 9:25am
Quoting Baby-Trader
Sell 1.5445 Small Lot.
Here is the reason for my entry
Attached Image (click to enlarge)
Click to Enlarge Name: entry.gif Size: 31 KB
  • #201,296
  • Feb 23, 2010 9:29am Feb 23, 2010 9:29am
Quoting Kijang Emas
i'm with u digger ..
rough ride to be expected but I am long, took some profits when wormie started shorting lol, I was shorting too not giving my profit back on the longs , will see where it ends up ,
  • #201,297
  • Feb 23, 2010 9:30am Feb 23, 2010 9:30am
Quoting digger1
1 tick chart


Okay here's the m5. Low risk trade imho. I've added short.
Good luck to all
Attached Image (click to enlarge)
Click to Enlarge Name: gum5.JPG Size: 47 KB
Thank You
  • #201,298
  • Feb 23, 2010 9:31am Feb 23, 2010 9:31am
Quoting digger1
rough ride to be expected but I am long, took some profits when wormie started shorting lol, I was shorting too not giving my profit back on the longs , will see where it ends up ,
my kung fu is very strong
Thank You
  • #201,299
  • Feb 23, 2010 9:34am Feb 23, 2010 9:34am
Quoting Baby-Trader
Here is the reason for my entry
and me too.......
Attached Image (click to enlarge)
Click to Enlarge Name: welcome1.gif Size: 20 KB
at last i`ve found a holygrail........
  • #201,300
  • Feb 23, 2010 9:35am Feb 23, 2010 9:35am
New highs needed to short
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