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Cable Update (GBPUSD)

  • #38,201
  • Nov 1, 2007 11:28am Nov 1, 2007 11:28am
when they ask why 90% of forex traders lose, well, show them a day like this and they'll understand....I feel sorry for the shorters who had no SL....imagine those people with 1 grand in the account and play with $10 per pip....they have lost everything in 10 minutes....
"Lunch ? Lunch Is For Wimps !"
  • #38,202
  • Nov 1, 2007 11:31am Nov 1, 2007 11:31am
Quoting MrFuture
when they ask why 90% of forex traders lose, well, show them a day like this and they'll understand....I feel sorry for the shorters who had no SL....imagine those people with 1 grand in the account and play with $10 per pip....they have lost everything in 10 minutes....
.....
  • #38,203
  • Nov 1, 2007 11:31am Nov 1, 2007 11:31am
Quoting MrFuture
when they ask why 90% of forex traders lose, well, show them a day like this and they'll understand....I feel sorry for the shorters who had no SL....imagine those people with 1 grand in the account and play with $10 per pip....they have lost everything in 10 minutes....
1 grand account and $10/pip trade? They would have lost their minds 10 years ago.
  • #38,204
  • Nov 1, 2007 11:33am Nov 1, 2007 11:33am
Trust me, most newbies do stuff like that....
"Lunch ? Lunch Is For Wimps !"
  • #38,205
  • Nov 1, 2007 11:35am Nov 1, 2007 11:35am
I guess it is officially aiming at 2.10 before taking a break....
"Lunch ? Lunch Is For Wimps !"
  • #38,206
  • Nov 1, 2007 11:38am Nov 1, 2007 11:38am
it is trying to complete the daily bearish pattern, let cable do it's thing and then BOOM!
Trade what you see, not what you think.
  • #38,207
  • Nov 1, 2007 11:41am Nov 1, 2007 11:41am
Bearish pattern ? Are we looking at the same thing ?
"Lunch ? Lunch Is For Wimps !"
  • #38,208
  • Nov 1, 2007 11:43am Nov 1, 2007 11:43am
possible high 0922 area
Trade what you see, not what you think.
  • #38,209
  • Nov 1, 2007 11:46am Nov 1, 2007 11:46am
I made my £1.44 loss last night, back today! lol
  • #38,210
  • Edited 12:08pm Nov 1, 2007 11:48am | Edited 12:08pm
if it succesfully breaks above 0877 resistance then it looks like 0931 is 2nd resistance pivot point to either TP....if it breaks thorugh that then .10 here we come
  • #38,211
  • Nov 1, 2007 11:53am Nov 1, 2007 11:53am
GBP/USD: Fresh 26-yr Highs Made on GBP/JPY Buying San Francisco, Nov. 1.
A large GBP/JPY parcel has seen Cable rally sharply from the morning lows around 2.0790 to break the prior 26-yr highs of 2.0852 traded this morning, to trigger stops and trade to fresh 26-yr highs of 2.0874. The move up puts barrier options at 2.0900 in view with more barrier option strikes reported at 2.1000 on sterling.
EUR/GBP has managed to bounce back to 0.6936 this afternoon after reaching a three-week low of 0.6920 this morning. 0.6940 and 0.6950 are now resistance levels on the bounce.
In UK data this session, YouGov reported that UK inflation expectations were unchanged in October at 2.6%. The UK CBI reported this afternoon that price will be a major factor for retailers this Christmas with sliding consumer confidence, credit market concerns and BOE rate hikes expected to keep consumers cautious
  • #38,212
  • Nov 1, 2007 12:01pm Nov 1, 2007 12:01pm
there's only on thing left for gbp/usd 2.1000
If I Go Broke Trying Then I Will die happy.
  • #38,213
  • Nov 1, 2007 12:01pm Nov 1, 2007 12:01pm
Quoting karmostaji
I use IBFX, everybody should trade what they see on their own charts.
Then I am curious why make a reference to a daily chart if so many don't use the same close. It is possible to have different patterns based on different closes. One simple example: here a doji, elsewhere not.

Not because I am EST but it seems obvious to me 500pm EST is a complete day from Far East open. but many use GMT etc etc.
  • #38,214
  • Nov 1, 2007 12:09pm Nov 1, 2007 12:09pm
...im not worried,this thing will come down soon!
  • #38,215
  • Nov 1, 2007 12:15pm Nov 1, 2007 12:15pm
....that's what I've been saying all these days, but look at it, it is surreal, it is following no logic at all. As far as I am concerned I now expect the unexpected.

If you really want to make sure it starts to go down, then go ahead and buy it. It works like a charm with me, all the times....guaranteed. If now I were to buy, this thing would fall like a MOFO !!
"Lunch ? Lunch Is For Wimps !"
  • #38,216
  • Nov 1, 2007 12:24pm Nov 1, 2007 12:24pm
Quoting MrFuture
....that's what I've been saying all these days, but look at it, it is surreal, it is following no logic at all. As far as I am concerned I now expect the unexpected.

If you really want to make sure it starts to go down, then go ahead and buy it. It works like a charm with me, all the times....guaranteed. If now I were to buy, this thing would fall like a MOFO !!
there are fib ratios that it needs to meet for the pattern to be valid, so have some patience and let it form and then while you're asleep, it will come down lol
Trade what you see, not what you think.
  • #38,217
  • Nov 1, 2007 12:25pm Nov 1, 2007 12:25pm
Quoting SunTrader
Then I am curious why make a reference to a daily chart if so many don't use the same close. It is possible to have different patterns based on different closes. One simple example: here a doji, elsewhere not.

Not because I am EST but it seems obvious to me 500pm EST is a complete day from Far East open. but many use GMT etc etc.

here a doji, there a doji, everywhere a doji doji!
To laugh, to learn, and to teach!
  • #38,218
  • Nov 1, 2007 12:26pm Nov 1, 2007 12:26pm
Quoting Qu|cksilver
Hi,
Does anyone agree cable may go up to 1.9050 area? or will continue bearish when the market open on monday?
2.0870 is much higher now.
I think we can re-ask the question by simply changing figures ti 2.1950?
Trumpgain Limited 18 Soho Square, Company number 6219867
  • #38,219
  • Nov 1, 2007 12:30pm Nov 1, 2007 12:30pm
why on earth would anyone use high leverage, no SL and go against the long trend?
  • #38,220
  • Nov 1, 2007 12:33pm Nov 1, 2007 12:33pm
Quoting peterM
why on earth would anyone use high leverage, no SL and go against the long trend?

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