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Cable Update (GBPUSD)

  • #223,521
  • May 4, 2010 2:02am May 4, 2010 2:02am
Quoting farmhand
where is gu goin to land??
Well, i think 1.51485 would be a good place to offload some, if not all of the trade.
If it floats, flies, or f%^ks, rent it, it's cheaper.
  • #223,522
  • May 4, 2010 2:11am May 4, 2010 2:11am
Just looking at the longer time frame charts for what's happening, and this is just my interpretation which will be wrong knowing me!

However, I see it as us heading back down to at least last weeks lows so I might put a little short on if we get closer to that trend line again that it seems to be following downwards.

General red day for the UK by the looks of it anyway, so could all bounce back tomorrow!

EDIT: Currently hoveing about the 38.2 FIB from 19 Feb high to March low and the 23.6 FIB from the low/high of last week.
Attached Image (click to enlarge)
Click to Enlarge Name: 1h 4th May.gif Size: 59 KB
Back to basics, it has to be for me!
  • #223,523
  • May 4, 2010 2:16am May 4, 2010 2:16am
the daily range for cable still not completed yet.
i think gu will keep falling to the 5164-5144 area to complete it.
approaching S2 line for daily pivot and 0 fib line

i might be wrong though

Attached Image (click to enlarge)
Click to Enlarge Name: gu2.gif Size: 18 KB
i'll do my best, and let the old lady decide where she wanna go
  • #223,524
  • May 4, 2010 2:20am May 4, 2010 2:20am
Quoting primzvicious
set sl @173

go green all the way
close trade for 25 pips
Verily, in every difficulties there is relief
  • #223,525
  • May 4, 2010 2:25am May 4, 2010 2:25am
Quoting cello
the daily range for cable still not completed yet.
i think gu will keep falling to the 5164-5144 area to complete it.
approaching S2 line for daily pivot and 0 fib line

i might be wrong though

Attachment
I hope you are not wrong...That is my target also.
  • #223,526
  • May 4, 2010 2:36am May 4, 2010 2:36am
hi,

thats how i see it:
http://imagebin.org/index.php?mode=image&id=95532

http://imagebin.org/95532
  • #223,527
  • May 4, 2010 2:39am May 4, 2010 2:39am
Quoting Acedup
I hope you are not wrong...That is my target also.

Same here. My short TP is the 5155 area.
  • #223,528
  • May 4, 2010 3:06am May 4, 2010 3:06am
cable going to 1.7
Thank You
  • #223,529
  • May 4, 2010 3:12am May 4, 2010 3:12am
Quoting wormboy
cable going to 1.7
y do u say so? thats 2000 pips north
  • #223,530
  • May 4, 2010 3:15am May 4, 2010 3:15am
Quoting ovic
y do u say so? thats 2000 pips north
It will go to 1.7, just a matter of when! Could be next week, could be 2 years from now!
Back to basics, it has to be for me!
  • #223,531
  • May 4, 2010 3:15am May 4, 2010 3:15am
Right now were @ the bottom TL of a symitrical traingle on the daily chart.. I'm going to wait for a break of it to short.. Just my 2cents! Happy trading!
  • #223,532
  • May 4, 2010 3:16am May 4, 2010 3:16am
That's what I keep saying.. It will eventually get there - Wormie did you see my previous post. I still owe you a beer!! Do you know Mark Becker in Gabs?
May the forex be with you |
  • #223,533
  • May 4, 2010 3:25am May 4, 2010 3:25am
hi all
  • #223,534
  • May 4, 2010 3:27am May 4, 2010 3:27am
Hmmm, seems like not trading much this week might be a good idea, can't imagine anything these guys will do is going to make for a stable market!

http://www.thisismoney.co.uk/news/ar...page_id=2&ct=5
Back to basics, it has to be for me!
  • #223,535
  • May 4, 2010 3:31am May 4, 2010 3:31am
Quoting wormboy
cable going to 1.7
bro, why do think gu is going that high?
If it floats, flies, or f%^ks, rent it, it's cheaper.
  • #223,536
  • May 4, 2010 3:33am May 4, 2010 3:33am
Quoting n000b
bro, why do think gu is going that high?

did u get the indicators
  • #223,537
  • May 4, 2010 3:36am May 4, 2010 3:36am
Quoting BadTradingFi
It will go to 1.7, just a matter of when! Could be next week, could be 2 years from now!

no different than most people who post their trade calls anyway.
For example, all the trade calls from the last few pages, those who post their trade targets, did they mention exactly when?? lol
20 pips target, 2000 pips target, very few can call WHEN it can be hit.



So ......... cable going to 1.7
Thank You
  • #223,538
  • May 4, 2010 3:40am May 4, 2010 3:40am
Quoting wormboy
no different than most people who post their trade calls anyway.
For example, all the trade calls from the last few pages, those who post their trade targets, did they mention exactly when?? lol
20 pips target, 2000 pips target, very few can call WHEN it can be hit.



So ......... cable going to 1.7
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #223,539
  • May 4, 2010 3:41am May 4, 2010 3:41am
Quoting manize

hey bro how are u

where u been long time no see
  • #223,540
  • May 4, 2010 3:45am May 4, 2010 3:45am
Quoting wormboy
no different than most people who post their trade calls anyway.
For example, all the trade calls from the last few pages, those who post their trade targets, did they mention exactly when?? lol
20 pips target, 2000 pips target, very few can call WHEN it can be hit.



So ......... cable going to 1.7
Do u think it will happen today,because all the targets that have been discussed,are related to today.
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