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- drakes replied Jul 30, 2010
Failed to break DP on the m15 chart, and also 200ma on 5m chart, so am short now.... hope to hit target...
Cable Update (GBPUSD)
- drakes replied Jul 30, 2010
Think I question too much sometimes... but thanks for helping.... now to dinner and see where we are later...
Cable Update (GBPUSD)
- drakes replied Jul 30, 2010
Alright.... will look into it to see which fits my style better....

Cable Update (GBPUSD)
- drakes replied Jul 30, 2010
I see it bounced off the 25ma on 4H chart.... will it be able to break through that???
Cable Update (GBPUSD)
- drakes replied Jul 30, 2010
Hmmm... that's weird... my S1 is 5582, S2 is 5562.... will recheck... Anyway, will look to reenter again after the retracements... hopefully news will help it move further....
Cable Update (GBPUSD)
- drakes replied Jul 30, 2010
I took profit @ 5569, just before S2, am looking to reenter again with later to hit next S3...
Cable Update (GBPUSD)
- drakes replied Jul 30, 2010
YEsterdays low broken... time to see if it can break the next resistance level....
Cable Update (GBPUSD)
- drakes replied Jul 29, 2010
So if people are dumping the US dollar, why is the Pound also falling?
Cable Update (GBPUSD)
- drakes replied Jul 29, 2010
Got it, drawn my fib the wrong way....
Yeah, see that it coincides with R1, so am in long again... Thanks for the walkthrough....Cable Update (GBPUSD)
- drakes replied Jul 29, 2010
Did you use the fib on the 15m chart to get this support at 38.2 since this level continues to hold out?
Cable Update (GBPUSD)
- drakes replied Jul 29, 2010
Wow, I know about Today's high as a R, how do you draw out fib extension anyway?
Cable Update (GBPUSD)
- drakes replied Jul 29, 2010
Good question, I'm just trusting an indy I found somewhere (Magix), and use it cause the levels are somewhat close to your levels... think i'll explore this a bit more... Do you use fibs to draw your S/R?
Cable Update (GBPUSD)