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Cable Update (GBPUSD)

  • #228,141
  • May 24, 2010 12:54am May 24, 2010 12:54am
Same t.p here.............


Quoting javapips
just in, SL last high, target before Friday low or at US open (maybe). sorry no chart. little busy right now.
see u.
  • #228,142
  • May 24, 2010 1:00am May 24, 2010 1:00am
Quoting fendi
Same t.p here.............
Friday low was around 1.4317 right ? that's a little too low imo
  • #228,143
  • Edited 1:21am May 24, 2010 1:11am | Edited 1:21am
Quoting digger1
I took some longs at my weekly pivot , ole pound seems a little sluggish up here so the 2nd tgt may be a little lofty for today. Stops 20 pips in the money so will see what happens . Wishing every one a prosperous week, cheers all Attachment
1st target 1.4501 (H5 LB target on camarilla) is enough good (reacable)!
Attached Image (click to enlarge)
Click to Enlarge Name: 240510.gif Size: 84 KB
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #228,144
  • May 24, 2010 1:13am May 24, 2010 1:13am
I presume 1.4550 b4 fall to 1.4400. my view.........


Quoting manize
1st target 1.4501 (H5 LB target on camarilla) is enough good !
  • #228,145
  • May 24, 2010 1:17am May 24, 2010 1:17am
Quoting fendi
I presume 1.4550 b4 fall to 1.4400. my view.........
Might be, she broke H4 long break out (1.4470) !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #228,146
  • May 24, 2010 1:21am May 24, 2010 1:21am
Quoting manize
Might be, she broke H4 long break out (1.4470) !
my H3 is at 1.4512 and H4 long break out is at 1.4562
idk y the difference.

GJ just touched H3 but GU did not..... the fall shud start now
  • #228,147
  • May 24, 2010 1:25am May 24, 2010 1:25am
sell limit 4523
tp 4480
SL 4555


buy limit 4423
tp 4445
sl 4397
  • #228,148
  • May 24, 2010 1:59am May 24, 2010 1:59am
hourly candle close below 1.4460 will c the cable dropping to 4400 and 4350.

There is no upward momentum hence a short entry will make sense.

also there is a ascending triangle formation .. a Hourly candle close over 1.4500.. will push the price to 1.4600.

trade safe
  • #228,149
  • May 24, 2010 2:06am May 24, 2010 2:06am
I expect a trust to 1.4515-1.4550 before the fall, there is no way it can fall here now.......... t.p 1.4400. My view.............
  • #228,150
  • May 24, 2010 2:09am May 24, 2010 2:09am
i think 550 is fake...
the real drop is from 600

just opinion
Verily, in every difficulties there is relief
  • #228,151
  • May 24, 2010 2:15am May 24, 2010 2:15am
Quoting primzvicious
i think 550 is fake...
the real drop is from 600

just opinion
this is the chart
Attached Image (click to enlarge)
Click to Enlarge Name: 2.gif Size: 24 KB
Verily, in every difficulties there is relief
  • #228,152
  • May 24, 2010 2:22am May 24, 2010 2:22am
Quoting forexliar
sell limit 4523
tp 4480
SL 4555


buy limit 4423
tp 4445
sl 4397

Sell Limit : Triggered
  • #228,153
  • May 24, 2010 2:25am May 24, 2010 2:25am
We wont see 1.5550, what we have are regions of 1.4515 n 1.4555.......



Quoting primzvicious
i think 550 is fake...
the real drop is from 600

just opinion
  • #228,154
  • May 24, 2010 2:29am May 24, 2010 2:29am
Quoting fendi
We wont see 1.5550, what we have are regions of 1.4515 n 1.4555.......
lol...
i only write 3 of the last commas...

which means 1.4550 and 1.4600
Verily, in every difficulties there is relief
  • #228,155
  • May 24, 2010 2:30am May 24, 2010 2:30am
Quoting fendi
We wont see 1.5550, what we have are regions of 1.4515 n 1.4555.......
I don't understand why you are all talking about cable dropping? We just broke through 1.45... That should be a trigger for longs.

The only reason your predictions could come true is because cable is in longer term downtrend...

I don't know what you guys are seeing but my charts are pretty much bullish this morning...

if we turn around here, I'll change my position...
@pawpaw1000 on Twitter
  • #228,156
  • May 24, 2010 2:34am May 24, 2010 2:34am
Quoting pawpaw1000
I don't understand why you are all talking about cable dropping? We just broke through 1.45... That should be a trigger for longs.

The only reason your predictions could come true is because cable is in longer term downtrend...

I don't know what you guys are seeing but my charts are pretty much bullish this morning...

if we turn around here, I'll change my position...
You are right ... we broke 4500.. but there is difference between breakout and fakeouts .. and also sustained breakout...
Cable long term trend is bearish... fundamentals + technicals ...

short term trend is bullish but trying to play a short term trend might just find you getting in at the top...

play safe ..this is cable and it is unpredictable ... hence wait for the confirmation before getting in long
  • #228,157
  • May 24, 2010 2:37am May 24, 2010 2:37am
Quoting kanakzz
You are right ... we broke 4500.. but there is difference between breakout and fakeouts .. and also sustained breakout...
Cable long term trend is bearish... fundamentals + technicals ...

short term trend is bullish but trying to play a short term trend might just find you getting in at the top...

play safe ..this is cable and it is unpredictable ... hence wait for the confirmation before getting in long
I use m15 close for confirmation and hence have gotten in... Will be looking to TP at 4550 or round about there...

Thanks for advise as I am still newbie and have ALOT to learn...
@pawpaw1000 on Twitter
  • #228,158
  • May 24, 2010 2:42am May 24, 2010 2:42am
Quoting pawpaw1000
I don't understand why you are all talking about cable dropping? We just broke through 1.45... That should be a trigger for longs.

The only reason your predictions could come true is because cable is in longer term downtrend...

I don't know what you guys are seeing but my charts are pretty much bullish this morning...

if we turn around here, I'll change my position...
I agree with you. It's making higher highs and lows on the 15 minute chart, thats an uptrend. Sure its at higher timeframe resistance, but it hasn't bounced off it, its easing higher.Thats possibly a clue to direction.Time will tell, but I don't have a short signal.
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FF journal: Peaks and Troffs
  • #228,159
  • May 24, 2010 2:49am May 24, 2010 2:49am
Looks like she's on her way to 1.4680..
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Veni, Vidi, Vici (We came, we saw, we conquered)
  • #228,160
  • May 24, 2010 2:52am May 24, 2010 2:52am
Quoting bogus
I agree with you. It's making higher highs and lows on the 15 minute chart, thats an uptrend. Sure its at higher timeframe resistance, but it hasn't bounced off it, its easing higher.Thats possibly a clue to direction.Time will tell, but I don't have a short signal.
Doesn't a break of 1.45 mean a confirmation of the triple bottom?
@pawpaw1000 on Twitter
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