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Cable Update (GBPUSD)

  • #241,941
  • Jul 30, 2010 5:58am Jul 30, 2010 5:58am
Quoting cloggie
There you go, you are starting to question your indies, good. Don't accept something you don't understand fully and have researched properly.
Exactly. It's like trading with a platform which u don't know too much about. get comfortable first.
  • #241,942
  • Jul 30, 2010 6:00am Jul 30, 2010 6:00am
a recovery up to the 56'ish would be quite devastating...
  • #241,943
  • Jul 30, 2010 6:01am Jul 30, 2010 6:01am
Quoting forexlion
http://img834.imageshack.us/img834/2305/64409247.gif

5471

http://img835.imageshack.us/img835/5247/30560431.gif
  • #241,944
  • Jul 30, 2010 6:09am Jul 30, 2010 6:09am
..
Attached Image (click to enlarge)
Click to Enlarge Name: chart1.gif Size: 26 KB
  • #241,945
  • Jul 30, 2010 6:12am Jul 30, 2010 6:12am
Quoting nAVIN2007
..

I can see you are scaling in now. Getting close to decision time for you, the weekly close should be your sign.
  • #241,946
  • Jul 30, 2010 6:15am Jul 30, 2010 6:15am
this will not be a big fall

i do not expect more than 5471 in any case

atleast the current PA does not permit anything below there

unless Monika Lewinsky and Obama ......................

http://img529.imageshack.us/img529/8896/69169905.gif
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 19 KB
  • #241,947
  • Jul 30, 2010 6:19am Jul 30, 2010 6:19am
Inserted Video
  • #241,948
  • Jul 30, 2010 6:20am Jul 30, 2010 6:20am
at the moment, its still not able to break the 1.55800 resistance.

Will it be 1.56ish again......ranging up
  • #241,949
  • Jul 30, 2010 6:21am Jul 30, 2010 6:21am
Quoting forexlion
this will not be a big fall

i do not expect more than 5471 in any case

atleast the current PA does not permit anything below there

http://img529.imageshack.us/img529/8896/69169905.gif
1h and we will know... SNB permitting.
  • #241,950
  • Jul 30, 2010 6:21am Jul 30, 2010 6:21am
Good day to you,

Should the current price angle stay, closing price for today estimated @ 1.5530/1.5535 area. This is also the 50% line for the week. ( 1.5533) - if the angle changes back - closing should be in the 1.5615/1.5620 area

Regards
  • #241,951
  • Jul 30, 2010 6:24am Jul 30, 2010 6:24am
I doubt if t the daily trend can change suddenly, unless US nukes someone

http://img824.imageshack.us/img824/9279/66649030.gif
  • #241,952
  • Jul 30, 2010 6:28am Jul 30, 2010 6:28am
Quoting cloggie
I can see you are scaling in now. Getting close to decision time for you, the weekly close should be your sign.
yes absolutely..actually i scalled down..i had 3 positions, exited 2 at 1.55..still have one from 1.52..looking to add based on weekly bullishness

its amazing isnt it..i see so many trying to catch a top with exceptions ofcourse but it crazy to see
  • #241,953
  • Jul 30, 2010 6:31am Jul 30, 2010 6:31am
Quoting forexlion
I doubt if t the daily trend can change suddenly, unless US nukes someone

http://img824.imageshack.us/img824/9279/66649030.gif
What are red and blue indicator you using?
  • #241,954
  • Jul 30, 2010 6:39am Jul 30, 2010 6:39am
Quoting nAVIN2007
yes absolutely..actually i scalled down..i had 3 positions, exited 2 at 1.55..still have one from 1.52..looking to add based on weekly bullishness

its amazing isnt it..i see so many trying to catch a top with exceptions ofcourse but it crazy to see
Hi Nav, Of course many can and do sell a 'top' in an uptrend but I think the mistake newbie traders make is not traeting like a pullback, ie they go for the home run instead of the pullback target..Similarly in a downtrend buying the bottoms...What is self evident is

a. Trends tend to go on longer than we all thought possible
b. It's an old trueism but very true...oscillators can stay overbought or oversold longer than most can stand - lol!!
c. Trends move in waves, impulsive (with trend) and corrective

G/L
ex member
  • #241,955
  • Jul 30, 2010 6:40am Jul 30, 2010 6:40am
Quoting nAVIN2007

its amazing isnt it..i see so many trying to catch a top with exceptions ofcourse but it crazy to see
Yeah but it is fun to watch.
  • #241,956
  • Jul 30, 2010 6:40am Jul 30, 2010 6:40am
Quoting Oracle
What are red and blue indicator you using?
http://www.forexfactory.com/showthread.php?t=238822
  • #241,957
  • Jul 30, 2010 6:46am Jul 30, 2010 6:46am
How much higher do you guys think GU will go today.
With the US GDP expecting to come in lower, dollar will take a hit against high yielders and go up UY and UC.

Or backwards, I cant tell nowadays, been a funky couple of months.
  • #241,958
  • Jul 30, 2010 6:50am Jul 30, 2010 6:50am
Quoting mappollo69
How much higher do you guys think GU will go today.
With the US GDP expecting to come in lower, dollar will take a hit against high yielders and go up UY and UC.

Or backwards, I cant tell nowadays, been a funky couple of months.
will 1.7500 quench your thirst after this small 100 pip retrace ?
  • #241,959
  • Jul 30, 2010 6:54am Jul 30, 2010 6:54am
This week I lost $300.
  • #241,960
  • Jul 30, 2010 7:01am Jul 30, 2010 7:01am
fucking bulls moving it to top again ((

i woun't surprise if we see 1.5750 today
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