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Cable Update (GBPUSD)

  • #295,501
  • Dec 23, 2011 9:37am Dec 23, 2011 9:37am
If cable does not touch 1.5626 today then we should be looking at 1.5440 next week..
  • #295,502
  • Dec 23, 2011 10:07am Dec 23, 2011 10:07am
Quoting nostradamus7
If cable does not touch 1.5626 today then we should be looking at 1.5440 next week..
Cable just touched low of 1.5623, what's then?
  • #295,503
  • Dec 23, 2011 10:16am Dec 23, 2011 10:16am
then 1,5600
  • #295,504
  • Dec 23, 2011 10:20am Dec 23, 2011 10:20am
update
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  • #295,505
  • Edited 10:34am Dec 23, 2011 10:20am | Edited 10:34am
Quoting greg811
then 1,5600
yeah , 5609,5600,5592,85 & 72 levels reactions before limit 5556 & support 5538 . now playing one important level to break 5618, broke I see now .

fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #295,506
  • Dec 23, 2011 10:32am Dec 23, 2011 10:32am
something big broke at 1.561
  • #295,507
  • Dec 23, 2011 10:35am Dec 23, 2011 10:35am
Quoting greg811
something big broke at 1.561
Hit 1.5609 then popup to 1.5634 in a blink of eyes. Someone got hurt and pressed the panic button?
  • #295,508
  • Dec 23, 2011 10:36am Dec 23, 2011 10:36am
close sell???..Buy or...??
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  • #295,509
  • Dec 23, 2011 10:39am Dec 23, 2011 10:39am
Quoting abdul_halim
close sell???..Buy or...??
it looks that price has reached it's x-mass level, it all depends how long you want to hold your position for I'm out Merry X-Mass
  • #295,510
  • Dec 23, 2011 11:09am Dec 23, 2011 11:09am
Quoting greg811
it looks that price has reached it's x-mass level, it all depends how long you want to hold your position for I'm out Merry X-Mass
Merry Christmas to you & all .
I will wait 5572 to close perhaps .eu & au correcting little for next bout down I think .

fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #295,511
  • Dec 23, 2011 11:11am Dec 23, 2011 11:11am
Quoting abdul_halim
close sell???..Buy or...??
out and merry xmas..
  • #295,512
  • Dec 23, 2011 12:07pm Dec 23, 2011 12:07pm
Typical, close me shorts for a small loss, go to bed, then this happens.
Time to Beam me up Scotty?
Not yet...
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Come with me if you want to live....
  • #295,513
  • Dec 23, 2011 1:12pm Dec 23, 2011 1:12pm
exact same for me, just wiped out the profit for the day because of it lol
  • #295,514
  • Dec 23, 2011 3:19pm Dec 23, 2011 3:19pm
I repeat my earlier prediction. Plenty of signs in the chart that downside was the more likely. Good to see some fellow traders singing from the same hymn sheet.
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  • #295,515
  • Dec 23, 2011 4:26pm Dec 23, 2011 4:26pm
Quoting Flatfish
I repeat my earlier prediction. Plenty of signs in the chart that downside was the more likely. Good to see some fellow traders singing from the same hymn sheet.
Just wished I'd waited a few hours more before bailing on my shorts darn it. Oh well, have a great xmas everyone, can still afford to be charitable
Come with me if you want to live....
  • #295,516
  • Dec 23, 2011 5:02pm Dec 23, 2011 5:02pm
Quoting Ill-b-back
Just wished I'd waited a few hours more before bailing on my shorts darn it. Oh well, have a great xmas everyone, can still afford to be charitable
You need ADR to set Profit Target for you, on days like this, ADR (14) is 126 pips, today was 127 pips, too easy, see this thread for cracker PRICE ACTION

http://www.forexfactory.com/showthre...=1#post5244868

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It takes a lot for me to IGNORE you, but you can try.
  • #295,517
  • Edited 5:25pm Dec 23, 2011 5:14pm | Edited 5:25pm
Quoting Erebus
You need ADR to set Profit Target for you, on days like this, ADR (14) is 126 pips, today was 127 pips, too easy, see this thread for cracker PRICE ACTION

http://www.forexfactory.com/showthre...=1#post5244868

Hey, yes very clear, Doohhh. I am a part timer who still needs to work fulltime for my family. I work almost exclusively with TL's, fibs, 200 and 55 emas as this was my training. I have great respect for fellow traders attention to other market details as I don't have the inclination for this. BBMAC is a prime example.
Anyway, hope to make it up with my buy as the new year brings new hope for the markets.
Now that I'm out of my shorts (for now) I hope to help the markets up to Navs target.
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Come with me if you want to live....
  • #295,518
  • Dec 23, 2011 5:38pm Dec 23, 2011 5:38pm
By the way, if we get a retest of the 55ema which correlates to the recently broken trandline, Ill be selling down to my buy entry point for a cool 60 pips or so. Will help me repay me mid-ship mates who lost their weekly wages because of me last ill fated raid. Aaarrrggg. Sorry, no more pirates in 2012 I promise.
I love sharing (gives us all a chance to show off to be honest), but also exposes our floors when we lose, so can afford to shine when we do eh
Come with me if you want to live....
  • #295,519
  • Dec 23, 2011 6:11pm Dec 23, 2011 6:11pm
weekly chart shows this pair has had 3 attempts in the last 4 weeks to trade higher above 1.5770 but was rejected each time.
  • #295,520
  • Dec 23, 2011 6:19pm Dec 23, 2011 6:19pm
If we touch the plum TL, likely to get a retrace to 38.2 fib at the junction of 2 TL's, in which case yellow TL may be the go.
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Come with me if you want to live....
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