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Cable Update (GBPUSD)

  • #286,541
  • Aug 17, 2011 8:33am Aug 17, 2011 8:33am
http://img834.imageshack.us/img834/9992/usdxh4fresh.png

here's the USDX H4 chart. Yellow box acting as support for now. The deal is that how long it's gonna hold now? Prolly just a matter of time before it's wiped out and we reach the red box area @ 72.60-80.
  • #286,542
  • Aug 17, 2011 8:34am Aug 17, 2011 8:34am
Quoting Evelyn Susan
hmm.hh... Can you tell me what does it mean?
mean lines where to buy the retrace near 6470 previous highs ..

already gone!
90% of traders use TA, indicators and prediction
  • #286,543
  • Aug 17, 2011 8:35am Aug 17, 2011 8:35am
anyone going for 6620 tonight?
  • #286,544
  • Aug 17, 2011 8:37am Aug 17, 2011 8:37am
We're roughly at the May 31st high (6546 by my broker). Get ready!
  • #286,545
  • Aug 17, 2011 8:41am Aug 17, 2011 8:41am
Hi all , will cable touch 1.6700 by next week?
Attached Image (click to enlarge)
Click to Enlarge Name: snapshot-13.png Size: 65 KB
  • #286,546
  • Aug 17, 2011 8:42am Aug 17, 2011 8:42am
Im fully loaded awaiting take off initial sequence started.
  • #286,547
  • Aug 17, 2011 8:43am Aug 17, 2011 8:43am
Quoting ruffryders
Im fully loaded awaiting take off initial sequence started.

  • #286,548
  • Aug 17, 2011 8:45am Aug 17, 2011 8:45am
Quoting _BBKing_
mean lines where to buy the retrace near 6470 previous highs ..

already gone!

here you see better what i mean...
price reversed @ previous high 6470
Attached Image (click to enlarge)
Click to Enlarge Name: gum5.gif Size: 18 KB
90% of traders use TA, indicators and prediction
  • #286,549
  • Aug 17, 2011 8:48am Aug 17, 2011 8:48am
I like when that thingy sort of expands your screen on MT4 platform. good stuff.
  • #286,550
  • Aug 17, 2011 8:49am Aug 17, 2011 8:49am
Also knocking against the daily 786 Fib, (A=1.67445, B=1.57773)and May 31st High - so expect some resistance. When she breaks through those the sky is the limit. well until the next resistance level.
May the forex be with you |
  • #286,551
  • Aug 17, 2011 8:51am Aug 17, 2011 8:51am
closed at 6538 .
still hv one position running
Quoting iqyu5an
broke last week high...

blue box : 130 pips (+/-)

once high is broken.....statistically we could go up around ( at least ) 50% of 130 = 65 pips...

but it's statistic...fx is statistic ?........ahhh i dunno...time will tell
not euphoria follower
  • #286,552
  • Aug 17, 2011 8:54am Aug 17, 2011 8:54am
7 more minutes of free flight, gotta love it. that sob EU is lagging behind though.
  • #286,553
  • Aug 17, 2011 8:55am Aug 17, 2011 8:55am
oh wow man that EU sob is airborne too.
  • #286,554
  • Aug 17, 2011 8:58am Aug 17, 2011 8:58am
where is heading my short is under water ?
Mohan
  • #286,555
  • Aug 17, 2011 9:03am Aug 17, 2011 9:03am
Stay cautious guys... We are in a big S/R zone.

She can possibly shoot up or shoot down.
  • #286,556
  • Aug 17, 2011 9:04am Aug 17, 2011 9:04am
Anyone try to short now? I think the daily range is already high. What do you guys think?
  • #286,557
  • Aug 17, 2011 9:04am Aug 17, 2011 9:04am
http://img18.imageshack.us/img18/3317/usdxcritical.png

well the yellow box on dollar is critical, not long before it breaks and PA will get us to the red box, and that's prolly 6700-6800 on GU. ... yeah in april it was 6700 something.
  • #286,558
  • Aug 17, 2011 9:06am Aug 17, 2011 9:06am
I shorted at 1.6566 resistence stop at BE- If this trade gets stopped. I'll give up cable for the rest of the week. Target 1.65
  • #286,559
  • Aug 17, 2011 9:07am Aug 17, 2011 9:07am
daily range is out already a while a go. in fact AWR is almost out on GU as well + 20 pips to go. However the deal with ADR that there is ADR and then there is deviation from ADR, when momentum buying is just too strong to fit into the standard statistics.
  • #286,560
  • Aug 17, 2011 9:07am Aug 17, 2011 9:07am
Quoting Evelyn Susan
Anyone try to short now? I think the daily range is already high. What do you guys think?
Yip I have just entered short with a SL of 1.6600. Need to manage my risk. My reasons are resistance at 786 Fib, May 4th and May 31st High. Might not work out, but no risk, no reward.
May the forex be with you |
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