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Cable Update (GBPUSD)

  • #248,781
  • Aug 25, 2010 7:52pm Aug 25, 2010 7:52pm
1.5510 is good pint to short .for 100 pip tp
  • #248,782
  • Aug 25, 2010 8:10pm Aug 25, 2010 8:10pm
Anybody going short besides Pickens... ?
  • #248,783
  • Aug 25, 2010 8:12pm Aug 25, 2010 8:12pm
Quoting joemiami
Anybody going short besides Pickens... ?
not yet...
  • #248,784
  • Aug 25, 2010 8:17pm Aug 25, 2010 8:17pm
I had done short, can any body tell the target
  • #248,785
  • Aug 25, 2010 8:18pm Aug 25, 2010 8:18pm
in forex I learnt one thing, never ever comment on others trades, everyone has his own view of the markets, respect them. forums are just for sharing your views with the community.

whether you are able to get the message across or not does not matter, just keep collecting pips is all that matters
  • #248,786
  • Aug 25, 2010 8:22pm Aug 25, 2010 8:22pm
between 5380 and 4800 there is no support, so this means that if cable bounces from 5522 and is able to break 5380 then it will be a lovely dance party for all of us

and essentially cable so far is in a daily down trend, unless 5380 decides to be stubborn
  • #248,787
  • Edited 8:28pm Aug 25, 2010 8:27pm | Edited 8:28pm
I am thinking she will touch daily pivot an bounce back down
  • #248,788
  • Aug 25, 2010 8:33pm Aug 25, 2010 8:33pm
Quoting hindustani
between 5380 and 4800 there is no support, so this means that if cable bounces from 5522 and is able to break 5380 then it will be a lovely dance party for all of us

and essentially cable so far is in a daily down trend, unless 5380 decides to be stubborn
That would be a very nice party for us all indeed, lets see how euro session decides to initiate it...
  • #248,789
  • Aug 25, 2010 8:33pm Aug 25, 2010 8:33pm
Quoting trabagwe
I am thinking she will touch daily pivot an bounce back down
daily, weekly? Shes long gone past daily pivot - weekly I have at around 1.5565
"Millionaires don't use astrology, billionaires do"
  • #248,790
  • Aug 25, 2010 8:34pm Aug 25, 2010 8:34pm
My 9 hour journey from 1.54656 is nearing completion at 1.5520
  • #248,791
  • Aug 25, 2010 8:36pm Aug 25, 2010 8:36pm
Quoting forex_growth
daily, weekly? Shes long gone past daily pivot - weekly I have at around 1.5565

maybe euro session will give us push to 5565 before the drop, would be nice
  • #248,792
  • Aug 25, 2010 8:39pm Aug 25, 2010 8:39pm
If cable closes and opens any 4 hour candle above 1.5522 then I will forget about selling it altogether, that will mean a bullish move
  • #248,793
  • Aug 25, 2010 8:42pm Aug 25, 2010 8:42pm
Quoting hindustani
My 9 hour journey from 1.54656 is nearing completion at 1.5520
4 pips more to go
  • #248,794
  • Aug 25, 2010 8:43pm Aug 25, 2010 8:43pm
Quoting dashboard
yes, will go to 1,554 (ma 200 1h) if it pas thru it will go max to 1.57xx. but the main trend still bearish but need correction for a while. really want to see 1.53 - 1.51xx but not today or tommorow
Quoting hindustani
sliced through all ema's like knife through butter.

Then I'll let the 1h 200ema be the line in the sand.

Keep sharing your views.

Dr. D.
Attached Image
  • #248,795
  • Aug 25, 2010 8:47pm Aug 25, 2010 8:47pm
Gartley pattern forming 1h.
FE 1 = 1.5497.....
FE1.27 = 1.5526
FE1.618 = 1.5565

Good luck!
Attached Image (click to enlarge)
Click to Enlarge Name: GU 1h gartley 25-08.jpg Size: 158 KB
"Flip that coin!"
  • #248,796
  • Aug 25, 2010 8:47pm Aug 25, 2010 8:47pm
Quoting fourxtrader
Then I'll let the 1h 200ema be the line in the sand.

Keep sharing your views.

Dr. D.
2 pips from tp, i am like a small kid now, waiting for the mangoes to ripen and fall
  • #248,797
  • Aug 25, 2010 8:49pm Aug 25, 2010 8:49pm
wow, she's on a mission tonight
  • #248,798
  • Aug 25, 2010 8:49pm Aug 25, 2010 8:49pm
Quoting hindustani
4 pips more to go
Bingo TP hit
  • #248,799
  • Aug 25, 2010 8:50pm Aug 25, 2010 8:50pm
This here is my view..
The I went short at the UTL.
I just closed it with a loss at 1.5536

This looks bulish...
But see pennat..?
I don't understand..
Attached Image (click to enlarge)
Click to Enlarge Name: forex140.jpg Size: 113 KB
  • #248,800
  • Aug 25, 2010 8:53pm Aug 25, 2010 8:53pm
Dam, I will be out of a plan for LONDON!

Muahhahahhhhhhh!
I love it!

1.5556 for now!

Still short? Joking!


Quoting Scipionz
I haven't contribute yet in term of chart so here is my take.

I would expect GU to drop until 1.5440/65 (middle channel on 1h and around 50% of last move). Then retry the 1.55 area and maby get to 61.8% @ 1.5524 (also higher trendline making top of the triangle and 50% of the last leg up on daily) or extreme at 78% @ 1.5565/80 to clear to zero all sellers of last move. This is also major resistance over daily (6 candle did close at that level).

I can be wrong, I can be wright...

I never post my entry here because I mostly scalp, so its no use.
But...
"Flip that coin!"
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