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Cable Update (GBPUSD)

  • #58,421
  • Mar 15, 2008 9:14am Mar 15, 2008 9:14am
I'm kinda bearish on the pound.. there are probably more rate cuts to come. I am even more bearish on the buck though. I think the fed could still make a few more cuts, leading to even more inflationary issues, potentially making for a bigger recession in the longer term. But that is just my view :-)
  • #58,422
  • Mar 15, 2008 9:17am Mar 15, 2008 9:17am
Quoting ghous
what we all suggest does not matter one bit...this is forex, it may take the wildest forms and shapes that you can't even imagine, that's why it's always good to "think" where the price will go rather than being sure, i agree with you both Salah and Navin but then i am still on the bullish side, for this reason only my analysis was based on both the aspects, i can see a building pin bar on my charts (a really nice one posted by Salah already) wheras i totally agree with all that you guys have to suggest...the best thing to do is to wait for things to hapen rather than anticpate them...i.e the more conservative approach, you might miss a few pips but the rewards are great! so i'll just follow this and will not enter before the first 2 hours of the london session.
for sure we just have to wait and see what happens...best to sure than sorry
  • #58,423
  • Edited 9:48am Mar 15, 2008 9:35am | Edited 9:48am
17-3-2008
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  • #58,424
  • Mar 15, 2008 9:40am Mar 15, 2008 9:40am
Quoting ghous
what we all suggest does not matter one bit...this is forex, it may take the wildest forms and shapes that you can't even imagine, that's why it's always good to "think" where the price will go rather than being sure, i agree with you both Salah and Navin but then i am still on the bullish side, for this reason only my analysis was based on both the aspects, i can see a building pin bar on my charts (a really nice one posted by Salah already) wheras i totally agree with all that you guys have to suggest...the best thing to do is to wait for things to hapen rather than anticpate them...i.e the more conservative approach, you might miss a few pips but the rewards are great! so i'll just follow this and will not enter before the first 2 hours of the london session.

ur absolutely right
im never entering now
i mean we have US rate cut
i would never risk a small account in the mess that news traders cause.
not being in a trade is better than wishing i wasnt in a trade.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #58,425
  • Mar 15, 2008 9:43am Mar 15, 2008 9:43am
hey abu awad
wasnt yesterday's direction : down?

is that little awad's picture u posted????????
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #58,426
  • Mar 15, 2008 9:49am Mar 15, 2008 9:49am
Quoting salah k.
hey abu awad
wasnt yesterday's direction : down?

is that little awad's picture u posted????????

Sorry my bad, i update it.

and yes , little abuawad
  • #58,427
  • Mar 15, 2008 9:51am Mar 15, 2008 9:51am
Quoting Abuawad
Sorry my bad, i update it.

and yes , little abuawad

allah yi7mee
nshallah yitla3 la bayyo ( a great trader and mentor)
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #58,428
  • Mar 15, 2008 9:58am Mar 15, 2008 9:58am
oh BTW Abuawad sorry i overlooked that cute little kid! May god bless you all...sorry for being late in responding to that. Take good care of him/her! he/she awaits a bright a future!!
I believe . . .
  • #58,429
  • Mar 15, 2008 10:01am Mar 15, 2008 10:01am
Quoting Abuawad
Sorry my bad, i update it.

and yes , little abuawad
Little abuawad is going to learn the holly grail to trading and be very rich...
  • #58,430
  • Mar 15, 2008 10:02am Mar 15, 2008 10:02am
Quoting Abuawad
Hey gentlemen,
Say hi to the future Forex Master , with this tricky smile:
WOW, he's so HANDSOME!! surely a gift from above, enjoy him while he's at this tender age!!!

  • #58,431
  • Mar 15, 2008 11:04am Mar 15, 2008 11:04am
Quoting Abuawad
17-3-2008

I will expect a drop in Cable on the 17TH since the market may react to TIC Net Long-Term Transactions US report. Moreso, it will create room for good traders to load their LONG positions against US interest rate cut on Tuesday.
Treading is my hobby; Assisting traders make me happy!
  • #58,432
  • Mar 15, 2008 11:16am Mar 15, 2008 11:16am
Abuawad..

I've been trying to duplicate as close as possible some of your projected numbers from last week, using fibos etc, but still haven't nailed it yet.

Could you be so good as to briefly discuss and share how you prepare these numbers.. ie.. where you start and how you pull it all together as an example. How you use the fibo fan etc.

It's pretty obvious you are head and shoulders above the rest of us in your methodology and your results speak for themselves.

Thank you.
"I know how hard it is for you to put food on your family." George W. Bush
  • #58,433
  • Mar 15, 2008 12:48pm Mar 15, 2008 12:48pm
hey guys is it just me
i mean did u guys also hear about this AMERO bull****
im sorry to bring it up here but it might be of some relevance
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #58,434
  • Mar 15, 2008 12:54pm Mar 15, 2008 12:54pm
Quoting salah k.
hey guys is it just me
i mean did u guys also hear about this AMERO bull****
im sorry to bring it up here but it might be of some relevance
Ye I've heard about it. Kinda sucks.
  • #58,435
  • Mar 15, 2008 1:03pm Mar 15, 2008 1:03pm
Quoting SimonJ
Ye I've heard about it. Kinda sucks.
is there truth behind itor not
i mean can we trust that it will happen!!!!!!
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #58,436
  • Mar 15, 2008 1:46pm Mar 15, 2008 1:46pm
Quoting belekas
I see more bearish as well, on dayly check that dbhlc and weekly pinbar,very strong reversal signals, but we wait untill the news pop.

cheers
That’s interesting the DBHLC on the daily any other day I would agree. Cause the way I see it is that Friday and Sunday are not a full days. So what I do is add the Friday and Sunday together to get an idea of what that bar should look like.
So until the Sunday daily is finished you can not fully judge the daily outlook or the weekly for that matter as it closes Sunday night.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #58,437
  • Mar 15, 2008 2:06pm Mar 15, 2008 2:06pm
Actually also on the daily DBHLC the high for Thursday 2.0388 and Friday 2.0396 a bit to much difference I think. And im glad that Friday broke that high as its good for longs.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #58,438
  • Mar 15, 2008 2:22pm Mar 15, 2008 2:22pm
Quoting salah k.
hey guys is it just me
i mean did u guys also hear about this AMERO bull****
im sorry to bring it up here but it might be of some relevance
what happened is there a link ?
  • #58,439
  • Mar 15, 2008 3:07pm Mar 15, 2008 3:07pm
Quoting nAVIN2007
what happened is there a link ?
http://en.wikipedia.org/wiki/Amero

They are now thinking about making this real because of the bad economy in the us. Something like that have I read. I don't have a link to where I read that though.
  • #58,440
  • Mar 15, 2008 3:35pm Mar 15, 2008 3:35pm
Quoting nAVIN2007
what happened is there a link ?
i read it here in forex factory
under this thread

http://www.forexfactory.com/showthre...80#post1905080

check it out and tell me wat u think
because personally i think its a load of crap
they will never change dollar to this amero bull****
"what doesn't bankrupt me, makes me stronger" modern nietzche
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