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Cable Update (GBPUSD)

  • #37,021
  • Oct 23, 2007 8:42pm Oct 23, 2007 8:42pm
Quoting MrFuture
I really think it is about to go down....it is struggling way too much to break resistence...
agreed..having a difficult time breaking yesterdays high...unless the news tonight gives it a boost its gonna shoot down
  • #37,022
  • Oct 23, 2007 8:58pm Oct 23, 2007 8:58pm
not everyone is thinking long .
BUT ... !!!!! big shark is watching us.

Quoting karmostaji
and when everyone in here is thinking long, the best trade to take is 'short' lol, jk
Nihil Sine Deo.
  • #37,023
  • Oct 23, 2007 9:03pm Oct 23, 2007 9:03pm
Wow, the last hour bar went from blue to red in a matter of seconds....I think people are getting tired and are starting to sell....
"Lunch ? Lunch Is For Wimps !"
  • #37,024
  • Oct 23, 2007 9:07pm Oct 23, 2007 9:07pm
short...
  • #37,025
  • Oct 23, 2007 9:08pm Oct 23, 2007 9:08pm
Get ready for the waterfall...
"Lunch ? Lunch Is For Wimps !"
  • #37,026
  • Oct 23, 2007 9:19pm Oct 23, 2007 9:19pm
From yesterday's low this thing went up around 250 pips today. IMHO it is impossible that people will not start taking off some profits.

The only thing that can save it is if people are 100% convinced that tomorrow's US news is going to be really bad and therefore will buy the pound expecting it to rise a lot.....
"Lunch ? Lunch Is For Wimps !"
  • #37,027
  • Oct 23, 2007 9:36pm Oct 23, 2007 9:36pm
Looks like buy orders were just tripped.

Just spiked up in the 10-15 pip range on the 1M chart.

~X~
  • #37,028
  • Oct 23, 2007 9:42pm Oct 23, 2007 9:42pm
Quoting Scrat
i entered a short (), i feel like risking some pips. 2.0509, let's see if there's anyone buying my position at 2.0319.
short GU, short GJ, short UJ, short EU. Life is good with the bears. I am so getting burnt
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #37,029
  • Oct 23, 2007 10:02pm Oct 23, 2007 10:02pm
and short g-chf.
i don't know about u-j though. can't say if it's long or short now, i would think there's still room for about 150 pips up. but...

Quoting Plutonite
short GU, short GJ, short UJ, short EU. Life is good with the bears. I am so getting burnt
Nihil Sine Deo.
  • #37,030
  • Oct 23, 2007 10:38pm Oct 23, 2007 10:38pm
Yeah but it's losing upward momentum so I thought I'd short the retrace. It's like 4 pinbars on H4 or something..has to go down a little methinks. Like I said, I'm gonna get burnt

And thanks for the heads up on GBPCHF. Looks very pretty on my chart. Crazy PA on that pair though. *fingers crossed*
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #37,031
  • Oct 23, 2007 11:25pm Oct 23, 2007 11:25pm
Down more g/u
  • #37,032
  • Oct 23, 2007 11:28pm Oct 23, 2007 11:28pm
.....now i can SELL with 100% ...looks like we goin to get easy trade tonight!
  • #37,033
  • Oct 23, 2007 11:43pm Oct 23, 2007 11:43pm
There is big support at 2.0475 right now....I wonder if it will break it.....if it does, next stop is fibo level 23.6% at 2.0460...
"Lunch ? Lunch Is For Wimps !"
  • #37,034
  • Oct 23, 2007 11:57pm Oct 23, 2007 11:57pm
Quoting MrFuture
There is big support at 2.0475 right now....I wonder if it will break it.....if it does, next stop is fibo level 23.6% at 2.0460...
....can go up to 0500 just for a good entry but its a SELL !
  • #37,035
  • Oct 24, 2007 12:35am Oct 24, 2007 12:35am
now everyone is selling, maybe I should buy? LOL jk
Trade what you see, not what you think.
  • #37,036
  • Oct 24, 2007 12:37am Oct 24, 2007 12:37am
Today the dollar will get stronger, weaker, stronger, seaker... wattahel I sell and buy and see how it goes
.
  • #37,037
  • Oct 24, 2007 1:06am Oct 24, 2007 1:06am
SELL G/U ... ???
  • #37,038
  • Oct 24, 2007 1:12am Oct 24, 2007 1:12am
Quoting agusdani
SELL G/U ... ???
yeah hi, hello, welcome. Nice to see you.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #37,039
  • Oct 24, 2007 1:16am Oct 24, 2007 1:16am
scrat!! we're geniuses aren't we, sold at just the right moment. Check your charts buddy. We rule (for tonight anyway lol)
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #37,040
  • Oct 24, 2007 1:17am Oct 24, 2007 1:17am
i don't know... what do you think?

Quoting agusdani
SELL G/U ... ???
Nihil Sine Deo.
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