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Cable Update (GBPUSD)

  • #253,801
  • Sep 16, 2010 2:32pm Sep 16, 2010 2:32pm
Quoting _tlk_
Most of U seems most likely to be bullish on cable.

That's usually good indicator for going against you all.
Hey, as long we make money. Right??

i like that
  • #253,802
  • Sep 16, 2010 2:36pm Sep 16, 2010 2:36pm
Quoting egkid
Nope , Not even thought about it. and by the way my next stop in my view 1.5770 we might C by tomorrow
my target is 1.58..then 1.6..if it can break above im holding for 1.6350 - then 1.68 and above
i will just keep adding as trend strengthens..but that is me dreaming
  • #253,803
  • Sep 16, 2010 2:42pm Sep 16, 2010 2:42pm
i love the m1 shoot
Attached Image (click to enlarge)
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  • #253,804
  • Sep 16, 2010 2:47pm Sep 16, 2010 2:47pm
Quoting nAVIN2007
my target is 1.58..then 1.6..if it can break above im holding for 1.6350 - then 1.68 and above
i will just keep adding as trend strengthens..but that is me dreaming
My next target as i trade mostly long Term @ 1.6430 then check where are we there and if i will hold my position or close.

Here it's Half of my chart ,Guess the other Half LOL
It tell something in long term
But to newbie remember everyone swim his own race and i could b wrong

GL All And Happy 1000 ++
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  • #253,805
  • Sep 16, 2010 2:57pm Sep 16, 2010 2:57pm
well boys, like I said, got two shorts, 5641 and 5634...

targeting 5609 with the one and 5580 with the other...

s/l at 5657...

reckon it'll get there?
@pawpaw1000 on Twitter
  • #253,806
  • Sep 16, 2010 2:59pm Sep 16, 2010 2:59pm
Quoting egkid
My next target as i trade mostly long Term @ 1.6430 then check where are we there and if i will hold my position or close.

Here it's Half of my chart ,Guess the other Half LOL
It tell something in long term
But to newbie remember everyone swim his own race and i could b wrong

GL All And Happy 1000 ++
Attachment

make no mistake..its on!..i will see u on the other side brother..
  • #253,807
  • Sep 16, 2010 3:00pm Sep 16, 2010 3:00pm
Quoting egkid
My next target as i trade mostly long Term @ 1.6430 then check where are we there and if i will hold my position or close.

Here it's Half of my chart ,Guess the other Half LOL
It tell something in long term
But to newbie remember everyone swim his own race and i could b wrong

GL All And Happy 1000 ++
Attachment
What defines your long term 1.6430 target?
Don't be a hero. Don't have an ego. Always question yourself
  • #253,808
  • Sep 16, 2010 3:04pm Sep 16, 2010 3:04pm
Quoting nAVIN2007
make no mistake..its on!..i will see u on the other side brother..
As long as we have a plan and MM No worry
  • #253,809
  • Sep 16, 2010 3:09pm Sep 16, 2010 3:09pm
It' Hammer Time
Attached Image
  • #253,810
  • Sep 16, 2010 3:13pm Sep 16, 2010 3:13pm
Quoting pawpaw1000
well boys, like I said, got two shorts, 5641 and 5634...

targeting 5609 with the one and 5580 with the other...

s/l at 5657...

reckon it'll get there?
Off to bed, hoping to wake up to some greenies! here's to hoping Asia gives us a NICE drop
@pawpaw1000 on Twitter
  • #253,811
  • Sep 16, 2010 3:16pm Sep 16, 2010 3:16pm
Quoting pawpaw1000
Off to bed, hoping to wake up to some greenies! here's to hoping Asia gives us a NICE drop
Possible profit taking before futuresexpiration tomorrow.
  • #253,812
  • Sep 16, 2010 5:47pm Sep 16, 2010 5:47pm
hi,
I have bought GU at 5620 targeting 574X. Let's see if the line holds.
Attached Image (click to enlarge)
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  • #253,813
  • Sep 16, 2010 7:19pm Sep 16, 2010 7:19pm
My money is on a big ole sell off.

2 lots short @ 15613 :nerd:
  • #253,814
  • Sep 16, 2010 7:54pm Sep 16, 2010 7:54pm
Quoting Pickensrulz
My money is on a big ole sell off.

2 lots short @ 15613 :nerd:
the bulls seems to be weakening and bears are rising again maybe it is all just a correction to the downside
Attached Image (click to enlarge)
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  • #253,815
  • Sep 16, 2010 8:00pm Sep 16, 2010 8:00pm
Quoting Robot
the bulls seems to be weakening and bears are rising again maybe it is all just a correction to the downside

I love the weekly chart on cable. When that wedge breaks it'll be sweet, I am looking forward to that.

I don't think it'll break until 2011. Look for a test of the downside next, maybe 1.48 or so. It'll be time to load up on longs because I think we're heading up up and away next year.
  • #253,816
  • Sep 16, 2010 8:07pm Sep 16, 2010 8:07pm
Quoting Pickensrulz
I love the weekly chart on cable. When that wedge breaks it'll be sweet, I am looking forward to that.

I don't think it'll break until 2011. Look for a test of the downside next, maybe 1.48 or so. It'll be time to load up on longs because I think we're heading up up and away next year.
If im not mistaken that wedge is called bearish continous flag
Peace And Quite Is Utterly Malapropos Of My Departure . . .
  • #253,817
  • Sep 16, 2010 8:12pm Sep 16, 2010 8:12pm

Sign and evidence that will boost the confidence of my conscience

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Peace And Quite Is Utterly Malapropos Of My Departure . . .
  • #253,818
  • Sep 16, 2010 8:14pm Sep 16, 2010 8:14pm
Quoting Vegapunk
If im not mistaken that wedge is called bearish continous flag

It can be. It can also be a reversal pattern.

If the fifth leg can't break the swing low at 1.4226 than it's not a classic continuation pattern and odds are that it'll signal a major reversal.
  • #253,819
  • Sep 16, 2010 9:16pm Sep 16, 2010 9:16pm
Quoting Pickensrulz
It can be. It can also be a reversal pattern.

If the fifth leg can't break the swing low at 1.4226 than it's not a classic continuation pattern and odds are that it'll signal a major reversal.
But price to create higher high before considered as major reversal...
i prefer bearish bias as long as it in the wedge

plus soon to be formed head and shoulder for Dow Jones
Peace And Quite Is Utterly Malapropos Of My Departure . . .
  • #253,820
  • Sep 16, 2010 9:22pm Sep 16, 2010 9:22pm
Quoting Vegapunk
But price to create higher high before considered as major reversal...
i prefer bearish bias as long as it in the wedge

plus soon to be formed head and shoulder for Dow Jones

Maybe, maybe not. Honestly, there's really no point in predicting which direction the wedge will break.

If price dips below 1.42, I will become the biggest bear.

We'll see which way the wedge breaks but speculation is just opinion at this point.

End of conversation.
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