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AmeriTrini replied Feb 6, 2008Yes, downtrend channel is currently being used as support now.
Cable Update (GBPUSD)
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AmeriTrini replied Feb 6, 2008you better hedge or close to cover your losses, its going up because it can ONLY go up.
Cable Update (GBPUSD)
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AmeriTrini replied Feb 6, 2008The first chart is correct, in the second chart you completely missed one wave, so 5 should have ended at 1.9550 like it did in the first chart. You'll know which one you missed when you compare the charts. Happy Trading!
Cable Update (GBPUSD)
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AmeriTrini replied Feb 6, 2008The second chart looks good to me, I think that the first one is probably a lil bit zoomed out. That's why you probably cant see the waves clearly. Now, for a wave C to be valid, what has to happen?
Cable Update (GBPUSD)
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AmeriTrini replied Feb 6, 2008why would you forget to use a sl or a tp if you are not at your computer?? careless.
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AmeriTrini replied Feb 6, 2008just open up the daily and count the waves you see after the previous low. simple............

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AmeriTrini replied Feb 6, 2008big lots with small pips?.......you should try it the other way around, it will be better that way.......

Cable Update (GBPUSD)
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AmeriTrini replied Feb 6, 2008No, it was A that was completed at 1.9956, B will be completed at 1.9550, C will then head for 2.0300~2.0450...............
sounds good?Cable Update (GBPUSD)
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AmeriTrini replied Feb 6, 2008according to.......ah hem......lets not mention any names....
..... it was supposed to be at 1.9500!!!! 
Cable Update (GBPUSD)
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AmeriTrini replied Feb 6, 2008the rate cut is not important, everyone is expecting it, its what they say after they cut the rate!!.......

Cable Update (GBPUSD)
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AmeriTrini replied Feb 6, 2008why is this red and it came out better than expected?? 8:30am USD image Nonfarm Productivity q/q (p) image 1.8% 0.5%6.3%


Cable Update (GBPUSD)
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AmeriTrini replied Feb 6, 2008no I can not post, open up a H1 chart and count how many waves go down from 1.9957, its pretty clear.........

Malaysia
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AmeriTrini replied Feb 6, 2008you cant see what Im talking about from a D1 chart, lol, you can see it on H1 though. I guess its not pretty clear...........lol..........

Malaysia
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AmeriTrini replied Feb 6, 2008we are 5 waves down from 1.9957 so there is a good chance to go up.

Malaysia