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- OldReigatian replied May 24, 2010
Hello boys and girls. How are you all? Been a bit static for the last hour and am expecting drop to 1.4250 as the $ not managed to get high into 1.44's. Short at 1.4412 hoping to hit 1.4312
Cable Update (GBPUSD)
- OldReigatian replied May 23, 2010
I think you are right with your number of 1.448 but I think there is a huge risk that if that number breaks then we could be going up towards 1.47. reason being is that this is the 38% fib retracement on the four hour chart. 1.448 breaks and there ...
Cable Update (GBPUSD)
- OldReigatian replied May 21, 2010
It's not gonna go straight line. I like to trade, take, protect. Watch for rally, reversal, re-entry. Just thought it was good time to get out as usually see choppy trades between 6.30 and 8.00 gmt. If I miss some so what, at least I've banked some. ...
Cable Update (GBPUSD)
- OldReigatian replied May 21, 2010
EG hit the 50% retrace on the 4 hr fib earlier today. Could see drop back down to 8700 (38% retrace line) gone short.
Cable Update (GBPUSD)
- OldReigatian replied May 20, 2010
Looking at fibs on 1 and 4 hour charts there is a good chance we may be within a bullish reversal up towards the 1.4695 (50% retrace on 1hour) or 1.4717 (38% retrace on the 4 hour) charts. I am going to wait for a small retrace from where we are now ...
Cable Update (GBPUSD)
- OldReigatian replied May 20, 2010
Just looking at my chart. Could anybody tell me what news came out which made GJ drop 300 pips in less than 15 mins? Thanks
Cable Update (GBPUSD)
- OldReigatian replied May 19, 2010
I wont ever cease to be amazed by fxcm. I just placed a manual buy of GJ at 131.85 and it booked it at 132. I wouldnt mind but the buy price hasnt reached 132 since I placed the booking
Cable Update (GBPUSD)
- OldReigatian replied May 18, 2010
Gone short 142.90 I am going to sell all the retraces from now. Believe there is only one way for this to go for the remainder of this month
Cable Update (GBPUSD)
- OldReigatian replied May 18, 2010
closed for 33 pips off out for daily constitutional with the kids good luck all
Cable Update (GBPUSD)
- OldReigatian replied May 18, 2010
Yep Reckon 220 pip move at end of US session demands a retrace during asia. Reckon its reasonably safe.....but....................
Cable Update (GBPUSD)
- OldReigatian replied May 18, 2010
Morning Chaps and Chapettes Quiet night relative to previous few days, I see. CPI news later this morning, not sure it will have a major impact unless it is wildly different from the 3.5% predicted. Expect more volatility when the emergency budget ...
Cable Update (GBPUSD)
- OldReigatian replied May 17, 2010
Off home. Thought I had had a good day with 227 pips but that pales into insignificance against Magix thousand!!! Anyway, if I got 227 pips per day I'd be able to give up the job I'm in. Love days such as these. Hate days like last week where GJ ...
Cable Update (GBPUSD)
- OldReigatian replied May 17, 2010
Patience.............Forex traders best friend. Can't help you with your fingers, but have a

Cable Update (GBPUSD)