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Cable Update (GBPUSD)

  • #322,381
  • Aug 22, 2012 2:28pm Aug 22, 2012 2:28pm
Hourly chart shows retrace coming....
Attached Image (click to enlarge)
Click to Enlarge Name: cable hourly.gif Size: 21 KB
  • #322,382
  • Aug 22, 2012 2:29pm Aug 22, 2012 2:29pm
Still all bearish cable???
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #322,383
  • Aug 22, 2012 2:30pm Aug 22, 2012 2:30pm
Chart speaks louder
Attached Image (click to enlarge)
Click to Enlarge Name: Picture 6.png Size: 31 KB
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #322,384
  • Aug 22, 2012 2:33pm Aug 22, 2012 2:33pm
I give it 5820 MAX. and not even sure on that. for the retrace.

G/L

Soon people will learn to follow trends, not fight them, oh and read news.

No harm intended towards anyone here, just see too many blind shorts for no reason......................
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #322,385
  • Aug 22, 2012 2:34pm Aug 22, 2012 2:34pm
Quoting Ill-b-back
Hey XTrade,
I think we got our break out???

Damn hedge

do u have a plan to get out of the hedge?
  • #322,386
  • Aug 22, 2012 2:34pm Aug 22, 2012 2:34pm
Quoting redbeben
5831 first
actually make it 1.5797

I'm going to sleep as I will be surely dissapointed with the market's move
  • #322,387
  • Aug 22, 2012 2:35pm Aug 22, 2012 2:35pm
Yes SIR!!!!!!!!!!!

I thought we stopped this "hedging business" last night? What happened?

Wait for slight retrace, cover the shorts, then double the longs. IMO.

Quoting Ill-b-back
Hey XTrade,
I think we got our break out???

Damn hedge
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #322,388
  • Aug 22, 2012 2:36pm Aug 22, 2012 2:36pm
i reckon monthly close just short of 1.6..this way market is balanced shorter will enter and longs have a opportunity

I bet it happens..lets see
  • #322,389
  • Aug 22, 2012 2:36pm Aug 22, 2012 2:36pm
Quoting XTrade
I give it 5820 MAX. and not even sure on that. for the retrace.

G/L

Soon people will learn to follow trends, not fight them, oh and read news.

No harm intended towards anyone here, just see too many blind shorts for no reason......................
in each trade you have belivers in what they see.some see bulls some bears.

I still see bears short term and bulls long term.my trade was stopped anyway but I still want my 1.5550 from where to load longs and ...I will have it no doubt about that
  • #322,390
  • Aug 22, 2012 2:47pm Aug 22, 2012 2:47pm
looking for a flag to build
Attached Image (click to enlarge)
Click to Enlarge Name: cable11.gif Size: 23 KB
  • #322,391
  • Aug 22, 2012 2:49pm Aug 22, 2012 2:49pm
Quoting nAVIN2007
looking for a flag to build
I can give you a Gibraltarian one they have then hung all over the place
  • #322,392
  • Aug 22, 2012 3:06pm Aug 22, 2012 3:06pm
The size of the chart pattern that has been broken is around 500 pips, so the next target is around 1.6270-1.6300 area. The path of leas resistance is upwards now.
  • #322,393
  • Aug 22, 2012 3:37pm Aug 22, 2012 3:37pm
1.5772?
  • #322,394
  • Aug 22, 2012 3:56pm Aug 22, 2012 3:56pm
Here it is.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd end point.gif Size: 31 KB
  • #322,395
  • Aug 22, 2012 4:13pm Aug 22, 2012 4:13pm
Quoting nAVIN2007
do u have a plan to get out of the hedge?
Hi Nav, just been at work a bit.
Yep got a plan, when it's time to take a swing short, I'll drop the longs then cover, or just let it drop until time to go long again.
I don't make my own decisions anymore, got my own forex boss who likes to swing
Come with me if you want to live....
  • #322,396
  • Aug 22, 2012 4:21pm Aug 22, 2012 4:21pm
Quoting redbeben
in each trade you have belivers in what they see.some see bulls some bears.

I still see bears short term and bulls long term.my trade was stopped anyway but I still want my 1.5550 from where to load longs and ...I will have it no doubt about that
Red, 1.5550, that's hard core, what I mean is, that's a gutsy call with the stiff resistance we just broke.
I'm not worried either way so hope you get it.
Come with me if you want to live....
  • #322,397
  • Aug 22, 2012 4:26pm Aug 22, 2012 4:26pm
Quoting Ill-b-back
Red, 1.5550, that's hard core, what I mean is, that's a gutsy call with the stiff resistance we just broke.
I'm not worried either way so hope you get it.
1.5550 is hardcore but in todays markets u can never know I hope he is right
Loosening is not an option
  • #322,398
  • Aug 22, 2012 4:35pm Aug 22, 2012 4:35pm
Quoting Vilkas
1.5550 is hardcore but in todays markets u can never know I hope he is right

i dont think so..for that to happen he needs a reversal
we going to 1.63 so i get of the bus..then i start day trading..hehe

I hope our hong kong friend is ok?
  • #322,399
  • Aug 22, 2012 4:36pm Aug 22, 2012 4:36pm
Quoting Vilkas
1.5550 is hardcore but in todays markets u can never know I hope he is right
Well at least Cable found her balls again, is he/she confused??
Come with me if you want to live....
  • #322,400
  • Aug 22, 2012 4:55pm Aug 22, 2012 4:55pm
Quoting nAVIN2007
i dont think so..for that to happen he needs a reversal
we going to 1.63 so i get of the bus..then i start day trading..hehe

I hope our hong kong friend is ok?
I hope for 1.63 as well for your sake

now I really don't care where it moves.locked all buy profits @ 1.5855 so...

I fear 1.5880-1.5909 will top this and throw it to 1.5750 first but we will see tmr.
now...bed time
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