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Cable Update (GBPUSD)

  • #245,881
  • Aug 15, 2010 11:34pm Aug 15, 2010 11:34pm
Ok there we go ich liebe der deutschers(hope thts right) got my target filld now well now its up do londen or retrace make higher high then plummet, or start going down in londen then skyrocketing haha, or just i dont know let me get my lucky coin, both sides is heads, im calling the flip.
  • #245,882
  • Aug 15, 2010 11:39pm Aug 15, 2010 11:39pm
This month GBP/USD will bearish until 1.4200. Start your engine for Sell
  • #245,883
  • Aug 15, 2010 11:39pm Aug 15, 2010 11:39pm
Quoting Pickensrulz
After 15613, there is 15649, 15663 and 15678. I'll admit defeat about 15680....

No one except those who dictate where the market is going know whats going to happen today or any other day..................

Just have to wait and see which direction any of them is going in and trade according too ''''''''what I see not what I think I see''''''', thats my motto....
  • #245,884
  • Aug 15, 2010 11:40pm Aug 15, 2010 11:40pm
Quoting joemiami
stopped out on my short
Its completing an expanding triangle now (can be seen hourly). Where it goes next is anybodies guess. Back in the daily channel? Or at the edge of a channel retrace?
  • #245,885
  • Aug 15, 2010 11:42pm Aug 15, 2010 11:42pm
If she falls back below resistance level of 5620 on 30 min then I will re enter short.
  • #245,886
  • Aug 15, 2010 11:47pm Aug 15, 2010 11:47pm
Ok i need opinions now, i reachd my targets took my profits letting the rest run now, keep stops tight or loose, golly this is really tricky, keep it loose till london shows whts going on?
Opinions?
  • #245,887
  • Aug 15, 2010 11:50pm Aug 15, 2010 11:50pm
mni talking of offers to 5650 now stops above 5650...1hr screenshot below...2nd 3 fib cluster is just overhead now...

G/L

http://www.easy-upload.net/fichiers/z.201081685017.gif
ex member
  • #245,888
  • Aug 15, 2010 11:58pm Aug 15, 2010 11:58pm
Quoting CoffeeDrinke
Ok i need opinions now, i reachd my targets took my profits letting the rest run now, keep stops tight or loose, golly this is really tricky, keep it loose till london shows whts going on?
Opinions?

Stick to your plan. If your plan is to let it run, let it run. Much posted here is bs anyways, including this reply.
  • #245,889
  • Aug 16, 2010 12:00am Aug 16, 2010 12:00am
Quoting grashid
why not u just wait ~ 1.57-1.578 area..this is not a place to short...sound stupid to me if we short at support area n long at resistance area...

just patient n watch how London open bring us...just my 2 cent.
good advice bro

going short on weekly S1 is not a bright idea
  • #245,890
  • Aug 16, 2010 12:01am Aug 16, 2010 12:01am
ok if the brits can push it now to 1,5680 then ooo nice i am tighening my stop just there haha, and getting ready for a sell
  • #245,891
  • Aug 16, 2010 12:05am Aug 16, 2010 12:05am
lol or they can just push it down so tht the wonderful americans can push it up again haha either way it doesnt matter my stop stil loose so this only means one thing.
Its coffee time
  • #245,892
  • Aug 16, 2010 12:05am Aug 16, 2010 12:05am
Quoting forexlion
good advice bro

going short on weekly S1 is not a bright idea
My position is still flat, I am not entering the markets till I have a 4 hour trend
  • #245,893
  • Aug 16, 2010 12:08am Aug 16, 2010 12:08am
Quoting CoffeeDrinke
lol or they can just push it down so tht the wonderful americans can push it up again haha either way it doesnt matter my stop stil loose so this only means one thing.
Its coffee time


Excellent idea, but it has too be tea!!!!!!!!!!!! thanks

Now we have the Bears with their pulls, Bulls with their pushes, Bees with the Honey opps MONEY and the Chimpanzees providing the TEA....
  • #245,894
  • Aug 16, 2010 12:09am Aug 16, 2010 12:09am
Quoting bbmac
G/M all, hope eeryone has a good trading week ahead.

A couple of 3 fib clusters overhead (fibs of main swings down to current intraday low 5534 from 5997) shown on 1hr screenshot below

G/L
is my red trendline correct ?

http://img841.imageshack.us/img841/8007/76846882.gif
  • #245,895
  • Aug 16, 2010 12:10am Aug 16, 2010 12:10am
Quoting AdrianHNV
Excellent idea, but it has too be tea!!!!!!!!!!!! thanks
I just cant stomach the taste of tea and grean tea thats just pure medicine
  • #245,896
  • Aug 16, 2010 12:13am Aug 16, 2010 12:13am
Quoting forexlion
is my red trendline correct ?

http://img841.imageshack.us/img841/8007/76846882.gif
I too have that trendline drawn in on 1hr, but trendlines can be subjective...it is what i see but may not be seen as relevant to others.

G/L
ex member
  • #245,897
  • Aug 16, 2010 12:24am Aug 16, 2010 12:24am
Going short at 5632
  • #245,898
  • Aug 16, 2010 12:27am Aug 16, 2010 12:27am
clearly some supply approaching 5650 ...can the demand absorb it ??...this is what I am currently see-ing on 4hr in respect of potential supp/res factors...

The last 3 big swings down on 1hr has seen price make a H above the then last LH of the downtrend, encouraging the bulls back before a plunge down...is this the same pattern repeating or a genuine recovery from current 5534 lows ? Time will tell.

G/L

http://www.easy-upload.net/fichiers/z.201081692513.gif
ex member
  • #245,899
  • Aug 16, 2010 12:29am Aug 16, 2010 12:29am
The last three 15min bars have failed to make higher highs...
  • #245,900
  • Aug 16, 2010 12:32am Aug 16, 2010 12:32am
Quoting joemiami
The last three 15min bars have failed to make higher highs...
Jip i am also looking at tht lets see if brits can give it one final breath up then start selling off, tht would be ideal
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