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Cable Update (GBPUSD)

  • #38,861
  • Nov 7, 2007 4:26am Nov 7, 2007 4:26am
Quoting deboooo2005
hi

Since 1.9652 to 2.1052 its 1400 pips uptrend .... it must do down for correction
I don't know. Every pair is now looking like USDCAD, which is in its 9th bearish week in a row. RSI weekly = 11.

Time for a correction since parity, 1,000 pips ago and still going down.

If this trendline in the weekly goes (the same trendline euro tookout on the way up), forget about correction. This SOB is going to 2.5
  • #38,862
  • Nov 7, 2007 4:29am Nov 7, 2007 4:29am
I just want to know what's gonna happen when China starts selling the first couple of hundred billions out of the $1.4T

  • #38,863
  • Nov 7, 2007 4:30am Nov 7, 2007 4:30am
Quoting BurgerKing
One year ago, during US thanksgiving holiday, China made similar remarks on USD and diversification. USD was immediately sold across the board.

GU went up 300 or so pips in just one day.

Now, History is repeating itself. No wonder it is called Thanksgiving.
Hope to see that 300pips UP tomorrow or friday
"Invest With The Insiders, Not The Masses" George Muzea
  • #38,864
  • Nov 7, 2007 4:31am Nov 7, 2007 4:31am
1,000 posts of non informative, non contributive random and useless blah, blah B.S
Congradulations to me
Just Trade It
  • #38,865
  • Nov 7, 2007 4:33am Nov 7, 2007 4:33am
Can someone explain to me way the massive up move at 2:25 GMT Something the Chinese government have said? I'm confused

cheers in advance
  • #38,866
  • Nov 7, 2007 4:34am Nov 7, 2007 4:34am
let take our hats off to soros jr who gave us such a good trade call about 3 month's ago, he told us to go long at 2.0600 with 1,000 pip s/l.
If I Go Broke Trying Then I Will die happy.
  • #38,867
  • Nov 7, 2007 4:35am Nov 7, 2007 4:35am
Quoting BurgerKing
Here is a screenshot of someone who has $80K worth of money in the line.

This is not DEMO ACCOUNT.
http://forum.fxopen.com/showthread.php?t=4346
FXOPEN
Login: 17724
Investor password: h7e64cyf9

This trader got guts loosing all those money on short 11 lots. I believe the broker is very very happy!

A lot for suckers and losers went short and lost too much money or worse they wiped out their accounts, as I said before:

"In Forex, a sucker is born every minute"

  • #38,868
  • Nov 7, 2007 4:36am Nov 7, 2007 4:36am
Quoting venomdesignsUK
Short at 21042..........lets see!!.....DOWN DOWN CABLE lol

Do you feel save now? Hope you don't forget your stoploss
"Invest With The Insiders, Not The Masses" George Muzea
  • #38,869
  • Nov 7, 2007 4:50am Nov 7, 2007 4:50am
Moved my stoploss little bit lower...

again.. DOWN CABLE DOWNNN!!!!
"Invest With The Insiders, Not The Masses" George Muzea
  • #38,870
  • Nov 7, 2007 4:51am Nov 7, 2007 4:51am
Quoting Qu|cksilver
Do you feel save now? Hope you don't forget your stoploss

Ha - i'm short of 2.1030, fresh highest = profit taking

Target: 2.0930
  • #38,871
  • Nov 7, 2007 4:51am Nov 7, 2007 4:51am
Quoting cesarnc
800

no SL as of yet. Gonna add at every round figure unti 3.0 if necessary
hope your not in that short.
If I Go Broke Trying Then I Will die happy.
  • #38,872
  • Nov 7, 2007 4:53am Nov 7, 2007 4:53am
Quoting Qu|cksilver
Do you feel save now? Hope you don't forget your stoploss

Hey! I feel abit safe! lol.....I have no stop loss yet. I moved my stop loss to my entry point so I will not be losing any cash in this trade if it comes to that. My chart shows that we might continue sliding up to 20935 and thats where I would like to close my position!!!!

Sounds too good to be true tho but......thats forex! (sometimes)

Happy trading
  • #38,873
  • Nov 7, 2007 4:55am Nov 7, 2007 4:55am
There's gonna be a 'Nonfarm' today, is this the one that makes those big moves, i'd like to exit my positions before that if that's the case, they scare me; i'd appreciate it if someone could help me out.

metro
  • #38,874
  • Nov 7, 2007 4:57am Nov 7, 2007 4:57am
Quoting venomdesignsUK
Hey! I feel abit safe! lol.....I have no stop loss yet. I moved my stop loss to my entry point so I will not be losing any cash in this trade if it comes to that. My chart shows that we might continue sliding up to 20935 and thats where I would like to close my position!!!!

Sounds too good to be true tho but......thats forex! (sometimes)

Happy trading

Yea.. i will out at somewhere 900
"Invest With The Insiders, Not The Masses" George Muzea
  • #38,875
  • Nov 7, 2007 5:09am Nov 7, 2007 5:09am
Quoting Qu|cksilver
Yea.. i will out at somewhere 900

Good! I hope we get there. I am not gonna chicken out and close my position until when I feel a negative vibe. lol

As of now, I am watching almost 40pips profit moving!

  • #38,876
  • Nov 7, 2007 5:15am Nov 7, 2007 5:15am
Quoting Big Wave Rider
Waiting for the U.S to sneeze.
Farts can only travel at the speed of wind.
Yeah, ever since the British and French de-commissioned the Concord.
Humble Lifetime Member
  • #38,877
  • Nov 7, 2007 5:20am Nov 7, 2007 5:20am
I think there is weak support @21000....its finding it hard to break.

OK, people lets analyse what the effect of the US news later is gonna do to the cable.

My thought is that it will cause a move of about 30 pips either way but then the down ward retracement will continue for the rest of the day.

Any thoughts?
  • #38,878
  • Nov 7, 2007 5:41am Nov 7, 2007 5:41am
Quoting venomdesignsUK
I think there is weak support @21000....its finding it hard to break.

OK, people lets analyse what the effect of the US news later is gonna do to the cable.

My thought is that it will cause a move of about 30 pips either way but then the down ward retracement will continue for the rest of the day.

Any thoughts?
you finger shaking??

I don't know what the news will give.. also i don't see 2.1000 as strong support.
"Invest With The Insiders, Not The Masses" George Muzea
  • #38,879
  • Nov 7, 2007 5:42am Nov 7, 2007 5:42am
Quoting venomdesignsUK
I think there is weak support @21000....its finding it hard to break.

OK, people lets analyse what the effect of the US news later is gonna do to the cable.

My thought is that it will cause a move of about 30 pips either way but then the down ward retracement will continue for the rest of the day.

Any thoughts?
Stay out of the market until NY comes into play
May the Pips be with You Let's Pimp some Pips!
  • #38,880
  • Nov 7, 2007 5:46am Nov 7, 2007 5:46am
wou....thank you soros!!!....Thank you junior,...now what guys?,..it reached 1.4666, 100 usd oil is just a dolar away,...2,1040 was reached,...so .... now cesar i really dont know where are we going....
and no cesar i still am not short,...but will consider going to be if it doesnt go up anymore...
its just money
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