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Cable Update (GBPUSD)

  • #223,321
  • May 3, 2010 1:12am May 3, 2010 1:12am
I have a pending order @ 1.5230 with sl 1.5260 and tp 1.5200.. showing support @ the 61 fib of daily range, hoping it breaks. For a long I'll wait for the pivot break, and entry @ 1.5320 tp 1.5355 r1. Happy trading!
  • #223,322
  • May 3, 2010 1:22am May 3, 2010 1:22am
Been short from 5376 and TP set at 5197 with a PO waiting at same level to go Long. Thats the great thing about having choices and our OWN charts.

We could still see that TP today. The US news might just slow the downward progress of the cable a little but might allow a good entry point for adding to the Southbound movement.

cheers
  • #223,323
  • May 3, 2010 2:31am May 3, 2010 2:31am
Quoting forexlion
http://img191.imageshack.us/img191/1043/cable.gif

Quoting forexlion
i am willing to sell @ 5237 the day low and yet will collect 70 to 80 pips, wanna bet ?

in forex there is no top and no bottom, its only your chart

so cut the crap and let him trade what he wants


and anyways if he wants to sell his bottom, let him, its his choice
  • #223,324
  • May 3, 2010 2:33am May 3, 2010 2:33am
Quoting forexlion
wouldve done the same at that break...
@pawpaw1000 on Twitter
  • #223,325
  • May 3, 2010 2:43am May 3, 2010 2:43am
Quoting racedesign
I have a pending order @ 1.5230 with sl 1.5260 and tp 1.5200.. showing support @ the 61 fib of daily range, hoping it breaks. For a long I'll wait for the pivot break, and entry @ 1.5320 tp 1.5355 r1. Happy trading!
I hope u r glad now ... it's 1.5220 as im writing this ...
  • #223,326
  • May 3, 2010 2:48am May 3, 2010 2:48am
Right now its a good pull back after breaking support 61 fib and 200 sma !!
  • #223,327
  • May 3, 2010 3:11am May 3, 2010 3:11am
Quoting luqmanz
I hope u r glad now ... it's 1.5220 as im writing this ...
things could be better.......
  • #223,328
  • May 3, 2010 3:20am May 3, 2010 3:20am
though May is usually a upward,
now it seems back to 1.5137
  • #223,329
  • May 3, 2010 3:22am May 3, 2010 3:22am
Quoting zhangli
though May is usually a upward,
now it seems back to 1.5137
You mean 1.5237
  • #223,330
  • May 3, 2010 3:31am May 3, 2010 3:31am
Quoting zhangli
though May is usually a upward,
now it seems back to 1.5137
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-05-03 16-29-49.jpg Size: 167 KB
  • #223,331
  • May 3, 2010 3:31am May 3, 2010 3:31am
i believe in this week shes going down..
but i dont think current high will be the highest
Verily, in every difficulties there is relief
  • #223,332
  • May 3, 2010 3:41am May 3, 2010 3:41am

US ISM Manufacturing 10:00 am EST




if US ISM Manufacturing index comes out at 63.5 or higher, USD/JPY will probably go up by 30 pips or more in the first 45 minutes of the report. If it comes out at 56.5 or lower, USD/JPY will probably go down by 30 pips or more in the first 45 minutes
  • #223,333
  • May 3, 2010 3:42am May 3, 2010 3:42am
This is what i stated last week, short all the way from the top of last week's high, don't bother closing
Attached Image (click to enlarge)
Click to Enlarge Name: chart gu 4h 2day.gif Size: 33 KB
  • #223,334
  • May 3, 2010 3:46am May 3, 2010 3:46am
Quoting primzvicious
i believe in this week shes going down..
but i dont think current high will be the highest
that is rediculious..yur saying that the dailly high likely to break but it going to make a new low?..

or u mean something else?
  • #223,335
  • May 3, 2010 3:47am May 3, 2010 3:47am
gbp,usd- M15
ELLIOT WAVE
SYMMETRY
AB=CD
PITCHEFORK
CHANEAL LINE
FIBZONE ===taim_price
Attached Image (click to enlarge)
Click to Enlarge Name: gbp m15.gif Size: 114 KB
  • #223,336
  • May 3, 2010 3:49am May 3, 2010 3:49am
i buy @1.5251 TP @1.52838
  • #223,337
  • May 3, 2010 3:55am May 3, 2010 3:55am
Quoting hamedizad
gbp,usd- M15
ELLIOT WAVE
SYMMETRY
AB=CD
PITCHEFORK
CHANEAL LINE
FIBZONE ===taim_price

dude i think your setup is reversed
  • #223,338
  • May 3, 2010 3:56am May 3, 2010 3:56am
Quoting nAVIN2007
that is rediculious..yur saying that the dailly high likely to break but it going to make a new low?..

or u mean something else?
this is my prediction but not sure though :nerd:
Attached Image (click to enlarge)
Click to Enlarge Name: 2.gif Size: 21 KB
Verily, in every difficulties there is relief
  • #223,339
  • May 3, 2010 3:58am May 3, 2010 3:58am
Quoting Fr3ed0x
dude i think your setup is reversed

http://cdn.forexfactory.com/images/s...m/thumbsup.gif
  • #223,340
  • May 3, 2010 4:12am May 3, 2010 4:12am
tbh i dont think it will fall now will reverse from this price and shoot on top

i think to buy at this range 1.5215 -1.5222 with TP @ 1.52883
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