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Cable Update (GBPUSD)

  • #236,001
  • Jul 7, 2010 2:29am Jul 7, 2010 2:29am
Quoting Honored
You still haven't answered what I asked. R u long or short ? I cant remember last week's set up, so if you post your entry numbers and TP that would help all of us.
Can you read my friend ?????.......
Non licet omnibus adire Corinthum
  • #236,002
  • Jul 7, 2010 2:30am Jul 7, 2010 2:30am
Quoting Honored
You still haven't answered what I asked. R u long or short ? I cant remember last week's set up, so if you post your entry numbers and TP that would help all of us.
lol cant u see on his chart......
Verily, in every difficulties there is relief
  • #236,003
  • Jul 7, 2010 2:33am Jul 7, 2010 2:33am
Quoting primzvicious
lol cant u see on his chart......
I dont have good eyes lol and ima newbie so only numbers can help me. Half the people that post here, i use improper English which sometimes doesn't make sense . I understand, because its not their first language. so yea numbers are always better
  • #236,004
  • Jul 7, 2010 2:34am Jul 7, 2010 2:34am
Quoting Purple
Shorting on Eur/Gbp would yield the best return if Euro falls faster than Pound..
Looks like my analysis of Euro falling faster than Pound just went all wrong, and I just got lucky today, atleast till now.
  • #236,005
  • Jul 7, 2010 2:34am Jul 7, 2010 2:34am
Quoting kribby
Im thinking its going to rebound on its pivot point : which is 1.5080?
dp is 5155, primary supp is 5086
Thank You
  • #236,006
  • Jul 7, 2010 2:41am Jul 7, 2010 2:41am
Quoting wormboy
dp is 5155, primary supp is 5086
dp? sorry not very familiar with abbreviations

Thank you
  • #236,007
  • Jul 7, 2010 2:42am Jul 7, 2010 2:42am
Quoting wormboy
dp is 5155, primary supp is 5086
Hi Wormy what time in GMT do you use for the start of your day for calculating your daily pivots

Thanks
  • #236,008
  • Jul 7, 2010 2:42am Jul 7, 2010 2:42am
Quoting kribby
dp? sorry not very familiar with abbreviations

Thank you
DP = Daily Pivot @ 1.5155
WP - Weekly Pivot @ 1.5095
  • #236,009
  • Jul 7, 2010 2:42am Jul 7, 2010 2:42am
DP - Daily Pivot
Made in Ukraine
  • #236,010
  • Jul 7, 2010 2:43am Jul 7, 2010 2:43am
Quoting kribby
dp? sorry not very familiar with abbreviations

Thank you
daily pivot
  • #236,011
  • Jul 7, 2010 2:44am Jul 7, 2010 2:44am
Thanks guys,
  • #236,012
  • Jul 7, 2010 2:45am Jul 7, 2010 2:45am
Will it hold?
I dont think so.
Double bottom then, and up we go!!!
Attached Image (click to enlarge)
Click to Enlarge Name: ovic.gif Size: 18 KB
  • #236,013
  • Jul 7, 2010 2:45am Jul 7, 2010 2:45am
Quoting Honored
I dont have good eyes lol and ima newbie so only numbers can help me. Half the people that post here, i use improper English which sometimes doesn't make sense . I understand, because its not their first language. so yea numbers are always better
He sold GPB/USD my friend
  • #236,014
  • Jul 7, 2010 2:49am Jul 7, 2010 2:49am
Quoting Honored
I dont have good eyes lol and ima newbie so only numbers can help me. Half the people that post here, i use improper English which sometimes doesn't make sense . I understand, because its not their first language. so yea numbers are always better
There are even numbers in my post......and if you want to learn trading, maybe you should at first learn our vocabulary....
Non licet omnibus adire Corinthum
  • #236,015
  • Jul 7, 2010 2:49am Jul 7, 2010 2:49am
Quoting Maxout
He sold GPB/USD my friend
Phew thank you mate. Wonder why some people are soo arrogant. Must be American
  • #236,016
  • Jul 7, 2010 2:51am Jul 7, 2010 2:51am
GBP/USD intraday: rebound expected.
07-Jul-1007:21
1 week Trend: 1 month Trend:
Pivot: 1.5080.

Our Preference: LONG positions @ 1.509 with 1.518 & 1.523 in sight.

Alternative scenario: The downside breakout of 1.508 will open the way to 1.5025 & 1.498.

Comment: the pair has struck against its resistance and is pulling back on its support ahead of a rebound.

Trend: ST Ltd Downside; MT Range

Key levels Comment

1.53** Intraday resistance

1.523*** Intraday resistance

1.518** Intraday resistance

1.5139 Last

1.508** Intraday pivot point

1.5025*** Intraday support

1.498** Intraday support
Attached Image
  • #236,017
  • Jul 7, 2010 2:53am Jul 7, 2010 2:53am
Quoting javajames
There are even numbers in my post......and if you want to learn trading, maybe you should at first learn our vocabulary....
So rude, he's a newbie for f#cks sake!!!
Trade the price action, not the cash!!!
  • #236,018
  • Jul 7, 2010 2:55am Jul 7, 2010 2:55am
Moving my SL on short from 151.30 to BE.. good night, have to catch up with Londay morning open at 6AM here.
  • #236,019
  • Jul 7, 2010 3:03am Jul 7, 2010 3:03am
Quoting ovic
Will it hold?
I dont think so.
Double bottom then, and up we go!!!
You could be right.....but trading is not only about S/R and TL.....especially on H1 TF....

You have to consider many other important parameters, like:

open interest in this pair and its futures
momentum
market sentiment
economic fundies
......

Hope it helps
Non licet omnibus adire Corinthum
  • #236,020
  • Jul 7, 2010 3:04am Jul 7, 2010 3:04am
Cable sat on a wall (5200)

then came along forexlion and cable fell down

all the kings men and all the kings horses could not put cable back on the wall
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