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Cable Update (GBPUSD)

  • #304,061
  • Mar 18, 2012 9:55am Mar 18, 2012 9:55am
Quoting Faller
Honestly dude....that chart has toooooo many lines.
maybe, well see
Come with me if you want to live....
  • #304,062
  • Mar 18, 2012 9:55am Mar 18, 2012 9:55am
Quoting Faller
Honestly dude....that chart has toooooo many lines.
maybe, we'll see
Come with me if you want to live....
  • #304,063
  • Edited 10:44am Mar 18, 2012 9:56am | Edited 10:44am
According to my never let me mistake analysis based on DailyBulletin from ftp://ftp.cmegroup.com, I am waiting GBP.USD will rise to 1,5918 - 1,5950 (the first upper targets, see on the picture red) and there very high probability of the rebound and down to 1,5600 – 1,5400. If 1,5950 will be broken then the pair will target next couple levels – 1,6268 and 1,6165, then the turn down.
Attached Image (click to enlarge)
Click to Enlarge Name: funt_mesac.jpg Size: 84 KB
  • #304,064
  • Mar 18, 2012 10:13am Mar 18, 2012 10:13am
Quoting Ill-b-back
maybe, we'll see
where is your TP and SL ?
More on my Blog...
  • #304,065
  • Mar 18, 2012 10:18am Mar 18, 2012 10:18am
Quoting mv6
where is your TP and SL ?
None at this stage, although expecting 1.6 to be broken. Watching PA around next 50 fib up.
Come with me if you want to live....
  • #304,066
  • Mar 18, 2012 1:13pm Mar 18, 2012 1:13pm
Quoting Ill-b-back
None at this stage, although expecting 1.6 to be broken. Watching PA around next 50 fib up.

if it breaks 1.6..im gonna be thrilled cause market would be giving meh a sign to say..i might actually b right..it wont be easy to break..i have no idea what hapenned in the news to bring euro?? if there has been
  • #304,067
  • Mar 18, 2012 1:30pm Mar 18, 2012 1:30pm
Quoting nAVIN2007
if it breaks 1.6..im gonna be thrilled cause market would be giving meh a sign to say..i might actually b right..it wont be easy to break..i have no idea what hapenned in the news to bring euro?? if there has been
I think you could be right bro. I don't really understand these things except that the GU is very precise. To me overall, it just seems like a case of just when PA and patterns tell me this thing is going to collapse, the fibs come to the rescue. It kind of feels like turning around the titanic before it slows down. So much momentum to overcome yet making progress. Forming a base first at 5230, now 56. I am keen to see if my longer term chart which I adapted from yours will play out. Who knows. I hope so for you bro as you have obviously studied much and placed such faith in this trade. As for me, I'm not a proud man, I'm a forex mercenary and go where the money is day to day . I am curious to see how my bullish lanes play out none the less just out of interest. Watching PA at 5991 for a possible double top. Would likely produce a 400 pip + potential 1st target drop if it does from what I can see. Will wait.
Come with me if you want to live....
  • #304,068
  • Mar 18, 2012 1:32pm Mar 18, 2012 1:32pm
Quoting Ill-b-back
None at this stage, although expecting 1.6 to be broken. Watching PA around next 50 fib up.

hey bro u me...really for you. I hope that you are not too when you are making these calls....
I don't trust any move - when you have profit...take it.
  • #304,069
  • Mar 18, 2012 1:40pm Mar 18, 2012 1:40pm
Quoting Ill-b-back
I think you could be right bro. I don't really understand these things except that the GU is very precise. To me overall, it just seems like a case of just when PA and patterns tell me this thing is going to collapse, the fibs come to the rescue. It kind of feels like turning around the titanic before it slows down. So much momentum to overcome yet making progress. Forming a base first at 5230, now 56. I am keen to see if my longer term chart which I adapted from yours will play out. Who knows. I hope so for you bro as you have obviously studied...
i adopted this style of trading cause i wanted to do other things and try make money in the market..this is the first trade i have had where i have actually held for so long..i simply did it to see how i would feel..kinda an experiment..haha

but i didnt expect it to actually fall so quick..anyways, i try not think about where it will go now, makes no difference as trades in motion..1.6 breaking is significant, is the only point i want to make to u..many will short there, it get there

ps i still see 1.65
  • #304,070
  • Mar 18, 2012 1:46pm Mar 18, 2012 1:46pm
Quoting Ill-b-back
I think you could be right bro. I don't really understand these things except that the GU is very precise. To me overall, it just seems like a case of just when PA and patterns tell me this thing is going to collapse, the fibs come to the rescue. It kind of feels like turning around the titanic before it slows down. So much momentum to overcome yet making progress.
Titanic?

Are you trying to say that GU is going to sink to the bottom?

I hope not.

You must have consumed too much of one of those Aussie wines today

Green pips to you.
  • #304,071
  • Mar 18, 2012 1:52pm Mar 18, 2012 1:52pm
Quoting Faller
hey bro u me...really for you. I hope that you are not too when you are making these calls....
I know you worry about me bro, believe me many do not just in FF no, mostly I get an idea of where to next looking at the chart in the Asian session. Clues are there for me in the MACD on diff timeframes then connect a few dots, place the trade and let it go. I always use a SL bro but removed this one after the NY bust when I woke up. Sometimes though I need to put it down before going to bed as I have no choice but it is rarely required, just if I am adding to a good position that's all
Come with me if you want to live....
  • #304,072
  • Mar 18, 2012 1:54pm Mar 18, 2012 1:54pm
My predictions and guises are to buy the cable @ 1.5770 and target @ 1.5920
Hope it will happen
Cheers to all
  • #304,073
  • Mar 18, 2012 1:58pm Mar 18, 2012 1:58pm
Quoting Rasi
Titanic?

Are you trying to say that GU is going to sink to the bottom?

I hope not.

You must have consumed too much of one of those Aussie wines today

Green pips to you.
Haha we got the best wines in the world don't you
Know? No bro not sinking at all, just opposite in fact. Turning around the titanic do it doesn't hit the iceberg man. Read my post again, I indicate this thing has looked (to me) like collapsing twice and has been saved by the 50 fib. Overcoming bearish momentum felt like turning the mofo titanic around. It must be me, so many people here misinterperate what I say
Come with me if you want to live....
  • #304,074
  • Mar 18, 2012 2:06pm Mar 18, 2012 2:06pm
Quoting nAVIN2007
i adopted this style of trading cause i wanted to do other things and try make money in the market..this is the first trade i have had where i have actually held for so long..i simply did it to see how i would feel..kinda an experiment..haha

but i didnt expect it to actually fall so quick..anyways, i try not think about where it will go now, makes no difference as trades in motion..1.6 breaking is significant, is the only point i want to make to u..many will short there, it get there

ps i still see 1.65
I do to bro. I see no reason at all not to at least double top but actually feel we are at the start of a big climb but will always be flexible so not my gospel analysis. Actually bro, something tells me this will go well beyond 1.65 with bucket loads of good long and short opps. along the way.
Come with me if you want to live....
  • #304,075
  • Mar 18, 2012 2:20pm Mar 18, 2012 2:20pm
Quoting Ill-b-back
I do to bro. I see no reason at all not to at least double top but actually feel we are at the start of a big climb but will always be flexible so not my gospel analysis. Actually bro, something tells me this will go well beyond 1.65 with bucket loads of good long and short opps. along the way.

hope u right buddy..1.65 is simply a must for me..looking at the chart and trying to break it down..i actually think it may go to 1.7 but this is just speculation and wishfull analysis
  • #304,076
  • Mar 18, 2012 2:32pm Mar 18, 2012 2:32pm
Quoting Ill-b-back
Haha we got the best wines in the world don't you
Know? No bro not sinking at all, just opposite in fact. Turning around the titanic do it doesn't hit the iceberg man. Read my post again, I indicate this thing has looked (to me) like collapsing twice and has been saved by the 50 fib. Overcoming bearish momentum felt like turning the mofo titanic around. It must be me, so many people here misinterperate what I say
No my friend, I understood your post but just wanted to take the mickey .

Normally though, I am sure you will agree with me, that when someone mentions Titanic, it is to indicate sinking/catastrophe/no-hope/stupidity etc.

As for wines, I totally agree Australia produces some good ones. Yesterday I was at a dinner party and was served Wolf Blass Sauvignon Blanc (South Australia), which I liked very much.

As for Cable, I think we will go back a little before going up but will wait for PA.

G/L
  • #304,077
  • Mar 18, 2012 3:26pm Mar 18, 2012 3:26pm
Quoting Ill-b-back
I know you worry about me bro, believe me many do not just in FF no, mostly I get an idea of where to next looking at the chart in the Asian session. Clues are there for me in the MACD on diff timeframes then connect a few dots, place the trade and let it go. I always use a SL bro but removed this one after the NY bust when I woke up. Sometimes though I need to put it down before going to bed as I have no choice but it is rarely required, just if I am adding to a good position that's all
God forbid but what would happen if you fall ill and you were unable to access your trading platform for a prolonged period of time? All my long-term trades have an SL and TP because I never know what's round the corner.
  • #304,078
  • Mar 18, 2012 3:29pm Mar 18, 2012 3:29pm
Quoting Rasi
No my friend, I understood your post but just wanted to take the mickey .

Normally though, I am sure you will agree with me, that when someone mentions Titanic, it is to indicate sinking/catastrophe/no-hope/stupidity etc.

As for wines, I totally agree Australia produces some good ones. Yesterday I was at a dinner party and was served Wolf Blass Sauvignon Blanc (South Australia), which I liked very much.

As for Cable, I think we will go back a little before going up but will wait for PA.

G/L
I have 1.574ish
  • #304,079
  • Mar 18, 2012 3:44pm Mar 18, 2012 3:44pm
Quoting bbakker
God forbid but what would happen if you fall ill and you were unable to access your trading platform for a prolonged period of time? All my long-term trades have an SL and TP because I never know what's round the corner.
That's a good point actually, never thought of getting sick before. My terminal has played up before, so will keep the SL once placed. I always use one but often removed in the past. That breakdown last year you have recently talked about is another good reason to keep it also. Cheers,
Come with me if you want to live....
  • #304,080
  • Mar 18, 2012 3:47pm Mar 18, 2012 3:47pm
Quoting Rasi
No my friend, I understood your post but just wanted to take the mickey .

Normally though, I am sure you will agree with me, that when someone mentions Titanic, it is to indicate sinking/catastrophe/no-hope/stupidity etc.

As for wines, I totally agree: Australia produces some good ones. Yesterday I was at a dinner party and was served Wolf Blass Sauvignon Blanc (South Australia), which I liked very much.

As for Cable, I think we will go back a little before going up but will wait for PA.

G/L
Don't tell anyone an Aussie fell for a English gag bro, it's a little embarrassing glad you like the wine, I love yellow tail Sheraz and at $10/bottle no wonder.
Come with me if you want to live....
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