Cable Update (GBPUSD)
you were the first to laugh when I called a long term target of 1.7 back in May. you said you're shorting all the way to 1.38.
Now you have a long from 4500 to 7500 ey? What happened to the fancy wavecounts? lol
i might sound crazy but i got long positions from 4500 to 7500
, just thought it worth a try. 38.2 fibo plus weekly r2 pivo, my next sell would be around 1.537 where weekly r3 pivo meets 200 weighted ema. not sure if it could get hit today though as the 4h bar is very bearish at the mo
Ok buddy, a long term trade like yours is good however when you come across a long term TL, protecting your trade doesn't harm for more greens. You can always re-enter on the retrace bro.
Job job on your trade mate
i will see what this dailly does..im just giving it every chance!
i will be back at work on the 23 of this month..
yes i posting purely so people have an idea what happenning - otherwise id have platform closed while at work..these moves intraday have no bearing unless it changes the picture of the biggest time frame.
its fun thou to do this and i love it..trading is a fantastic thing to learn to do.. i have gain so much knowledge about myself from it..weakness mainly
no bro i with u totally 1.60 to me is the start
and we did just what the friggin chart posted on July 5th said, went down to 4950 are to complete 3 to 4 correction and bounced for 4 to 5 mooooooooooooooove -- 7500 or 8500
friggin dollar is gonna see the worst NFP data next month in many years
oh. so what happened to this count posted on May 14th?
http://www.forexfactory.com/showpost...stcount=226573
Prices can only go up or down mate.... call it either way and what do you know???? he's got it right... doh
yeah
i loved those days
by the way, i got a chart to show and some targets
do you agree on 1.2500 or 1.0500
no he didn't.
the initial counts were towards 1.25. Cable never even got pass 1.4
but that does not mean we cannot collect peanut butter along the way
like this
http://img710.imageshack.us/img710/8501/91867550.gif
Hi B_B, great chart, I'd also like to add that the cable hit the daily A2 382 FIB and is currently just below the A1 786 FIB - This is also resistance, Bears are going to have a pik nik this afternoon.
Give it time mate, one of those historical post will come back magically when price hits either the upper end (1.7500) or lower end (1.2500)
expecting cable to go to 1.7 was NOT bullshit according to him... It was according to his chart.. Once the setups change there... Statements Change.. and this is the way It should Be. ...and more often when you're validating Looking at a Longer term chart.. setups do change often.
