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Cable Update (GBPUSD)

  • #226,861
  • May 16, 2010 10:51pm May 16, 2010 10:51pm
lol just wake up
http://www.forexfactory.com/showpost...2&postcount=20
Egkid <<< Still learning
Attached Image
  • #226,862
  • May 16, 2010 10:53pm May 16, 2010 10:53pm
Quoting zozozo11
Magix, i do agree, i refer to the phsyclogical point of 1.45
On attack, this psychological level never posed to be even a barnacle on the ass of progress...

If we are going to climb any, we still have to look at a lot more immediate resistance levels then looking 200 pips up the ladder.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #226,863
  • May 16, 2010 10:59pm May 16, 2010 10:59pm
Quoting zozozo11
short ppl be very carefull, she seems to be retracing to 1.45
what ? How ?? she broke all the three support in one long candle, I doubt she will retrace today
  • #226,864
  • May 16, 2010 11:16pm May 16, 2010 11:16pm
anyone going long now?
or add more short?
Revesal Trader
  • #226,865
  • May 16, 2010 11:24pm May 16, 2010 11:24pm
Quoting mygoldenpips
anyone going long now?
or add more short?
playing the 30~40 pip sideway we've been on the last couple of hours. 1.434 and 1.429 seem to be the boundaries .... waiting for a break for direction =)
  • #226,866
  • May 16, 2010 11:25pm May 16, 2010 11:25pm
Quoting mygoldenpips
anyone going long now?
or add more short?
looks like there is no one to answer , ppl are either dozing or drawing....
  • #226,867
  • May 16, 2010 11:29pm May 16, 2010 11:29pm
Quoting forexlion
Go ahead n short.

I won't cause I see a corrective pullback to 4700 level before any move down

I will prefer to enter shorts on the top, instead of getting stuck @ the bottom.

Well dude, it's one thing to not go short, I sure hope you haven't waged this same war on profit that so many others have been trying by going long.

A shame when calls so bold and brazen come out to be the furthest thing from actual.

As much as I do believe this to be a place where we can mutually exchange ideas, I sure hope there are a lot whose charts and trades did not follow the above mentioned path to 1.47.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #226,868
  • May 16, 2010 11:37pm May 16, 2010 11:37pm
Quoting Magix
Well dude, it's one thing to not go short, I sure hope you haven't waged this same war on profit that so many others have been trying by going long.

A shame when calls so bold and brazen come out to be the furthest thing from actual.

As much as I do believe this to be a place where we can mutually exchange ideas, I sure hope there are a lot whose charts and trades did not follow the above mentioned path to 1.47.
Calls are one thing with sound reasons to back them up but big bold attention seeking print with market absolutes are somewhat of a joke , market absolutes are on the left side of the chart they have been printed lol, things on the right side not printed yet are not and shouldnt be stated as such sure it wont sink in tho . Wait, is it june opps guess not several of his absolutes already in flame and the market has only been open 7 1/2 hours , going to be a good week
  • #226,869
  • May 16, 2010 11:38pm May 16, 2010 11:38pm
just thought id throw something out there ive been selling at 1.433 tp 15 sl 10. Iv hit my tp 3 times since the big fall.
  • #226,870
  • May 16, 2010 11:45pm May 16, 2010 11:45pm
Quoting mygoldenpips
anyone going long now?
or add more short?
Have had one little long trade from the swing low on this chart , took the profit at S3 as that area seems to be a stopping point so far . Would be tempted to short again from 1.4383 for another crack at the lows not recommending anything but that is my tenitive plan atm . Had a great start to the week so may not do any thing till tomorrow tho
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  • #226,871
  • May 16, 2010 11:46pm May 16, 2010 11:46pm
Quoting digger1
Have had one little long trade from the swing low on this chart , took the profit at S3 as that area seems to be a stopping point so far . Would be tempted to short again from 1.4383 for another crack at the lows not recommending anything but that is my tenitive plan atm . Had a great start to the week so may not do any thing till tomorrow tho Attachment
tq for advice...
Revesal Trader
  • #226,872
  • May 16, 2010 11:49pm May 16, 2010 11:49pm
wise man digg are u long now to 14000 or not yet

easy easy the sledgehammer still valid till 14380's
  • #226,873
  • May 16, 2010 11:52pm May 16, 2010 11:52pm
Quoting kill56
wise man digg are u long now to 14000 or not yet

easy easy the sledgehammer still valid till 14380's
, ah had one little long kill , whale of a week so far so trying not to be greedy lol, will probably just hit and run till we get to a good area, the week is young lots of time to make some more
  • #226,874
  • May 16, 2010 11:56pm May 16, 2010 11:56pm
bounce off the 200ema on the 1 min?
  • #226,875
  • May 16, 2010 11:58pm May 16, 2010 11:58pm
Quoting digger1
, ah had one little long kill , whale of a week so far so trying not to be greedy lol, will probably just hit and run till we get to a good area, the week is young lots of time to make some more

dig am i crazy bro i do see 13700 its a matter of time may be the end of the week or next week
  • #226,876
  • May 17, 2010 12:00am May 17, 2010 12:00am
Quoting kill56
dig am i crazy bro i do see 13700 its a matter of time may be the end of the week or next week
She has a good head of steam up wouldnt rule anything out man
  • #226,877
  • May 17, 2010 12:02am May 17, 2010 12:02am
Quoting kill56
dig am i crazy bro i do see 13700 its a matter of time may be the end of the week or next week
Time will tell Kill... Problem is we are at this HUGH support line. Wait for that to fail before you bet the farm. As for me, I am took the long road with sl just below that line. usually good for a bounce.
  • #226,878
  • May 17, 2010 12:05am May 17, 2010 12:05am
Where is Wormie ? Last week he said that cable will go down untill 1.4350 and was hit this morning. What next bro ?
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #226,879
  • May 17, 2010 12:06am May 17, 2010 12:06am
Quoting Ctic
Time will tell Kill... Problem is we are at this HUGH support line. Wait for that to fail before you bet the farm. As for me, I am took the long road with sl just below that line. usually good for a bounce.
of course I am already almost at my tp so lets see what happens.. I don't want to say that it is heading a long way back up, but it may to 4700ish before it drops again. (Of course if it breaks, we drop to at least 1.25 or so.

Bottom line.. like I said, this is a critical spot.
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  • #226,880
  • May 17, 2010 12:08am May 17, 2010 12:08am
Quoting Ctic
of course I am already almost at my tp so lets see what happens.. I don't want to say that it is heading a long way back up, but it may to 4700ish before it drops again. (Of course if it breaks, we drop to at least 1.25 or so.

Bottom line.. like I said, this is a critical spot.
Wrong chart in previous post... that was GJ, but same situation.. Here is cable chart.
Attached Image (click to enlarge)
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