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Cable Update (GBPUSD)

  • #40,061
  • Nov 19, 2007 7:22am Nov 19, 2007 7:22am
Quoting cesarnc
True.

But rules change almost everyday. Dow Jones puts -200 and closes green, USD on carry trades behavior , Bad news is good news, market price in another cut, then gives up on it, Bernanke spreeing bullshit in the fan.

Then some freaking bank in London spook investors, so forth...

The big picture is blurred, imo. Impossible to understand what is going to happen in the next M15.

The old Cesarnc trading style
Just Trade It
  • #40,062
  • Nov 19, 2007 7:24am Nov 19, 2007 7:24am
This is also a Longer-Term weekly chart of the Gbp/Usd

There appears to be a massive Inverted Head and Shoulder Pattern in play
price has run right into major resistance earlier last week .....
(See Long term blue color projection line )

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  • #40,063
  • Nov 19, 2007 7:26am Nov 19, 2007 7:26am
Quoting Big Wave Rider
The old Cesarnc trading style
LOL... I gave up on the daily struggle...

Now I have one trade to take per day. One price to go in. 2 prices to go out. And market rules the rest.

1 out of 3-5 days I get a homerun. So F*-off.
  • #40,064
  • Nov 19, 2007 7:46am Nov 19, 2007 7:46am
if you did not lose money today then you are a good trader !
  • #40,065
  • Nov 19, 2007 7:58am Nov 19, 2007 7:58am
Quoting forexguru
if you did not lose money today then you are a good trader !
I haven't lost money today, but I haven't made a trade,
  • #40,066
  • Nov 19, 2007 8:09am Nov 19, 2007 8:09am
Quoting peterM
I haven't lost money today, but I haven't made a trade,
better do not make any trade today
  • #40,067
  • Nov 19, 2007 8:13am Nov 19, 2007 8:13am
its move downward......any body....help?.....pls....tell me what next.....i think it going down......
be patient, self-belief and discipline... stay focus...
  • #40,068
  • Nov 19, 2007 8:18am Nov 19, 2007 8:18am
GBP/USD: 3-mth Sterling Libor Rate Rises to 6.4475%, 2-mth High London, November 19. Cable is consolidating gains from an early Europe intra-day low of 2.0451 as the market absorbs the news that 3-month sterling Libor has been fixed at 6.4475%, the highest level since September 19 (Reuters). 3-month Libor was fixed at 6.39875% on Friday.
There is conjecture that a 25bp UK base rate cut to 5.5% next month might be "inevitable" if the current 3-month sterling Libor upward trend continues into next month"s MPC meeting (Dec 5/6).
A prime US investment house says Citigroup could have to write off an additional $11bn in Q4 to reflect losses on securities linked to sub-prime mortgages and other investments (Reuters).
  • #40,069
  • Nov 19, 2007 8:18am Nov 19, 2007 8:18am
Quoting radit27
its move downward......any body....help?.....pls....tell me what next.....i think it going down......
if it does not break the 2.0562 resistance by tomorrow then it is down.. otherwise the opposite!
  • #40,070
  • Nov 19, 2007 8:21am Nov 19, 2007 8:21am
Quoting forexguru
if you did not lose money today then you are a good trader !
I closed all today's trade. Market seems not doing good. But might go upward later on. Yeah.. i believe the downtrend has finish don't try to short. I need some rest...sleep.

However i manage to close today's trade with 518 pips.

Good luck everyone.
Don't forget listen to your new guru here..
Roger & Out...
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"Invest With The Insiders, Not The Masses" George Muzea
  • #40,071
  • Nov 19, 2007 8:23am Nov 19, 2007 8:23am
Up!
Down!
No!!! Up!!
Down!!
Uuuuupppp!!!!
Noooo!!! Doooowwwwnnn!!!!

Attached Image
  • #40,072
  • Nov 19, 2007 8:24am Nov 19, 2007 8:24am
Quoting Qu|cksilver
I closed all today's trade. Market seems not doing good. But might go upward later on. Yeah.. i believe the downtrend has finish don't try to short. I need some rest...sleep.

However i manage to close today's trade with 518 pips.

Good luck everyone.
Don't forget listen to your new guru here..
Roger & Out...
I am happy for you! Soon you will be a millionaire if you open bigger positions... bravo!
  • #40,073
  • Nov 19, 2007 8:25am Nov 19, 2007 8:25am
Quoting forexguru
if it does not break the 2.0562 resistance by tomorrow then it is down.. otherwise the opposite!<-- Yes listen to him.. and don't tell me the next day you blow your account
"Invest With The Insiders, Not The Masses" George Muzea
  • #40,074
  • Nov 19, 2007 8:26am Nov 19, 2007 8:26am
Quoting cesarnc
Up!
Down!
No!!! Up!!
Down!!
Uuuuupppp!!!!
Noooo!!! Doooowwwwnnn!!!!

No, sideways!
  • #40,075
  • Nov 19, 2007 8:28am Nov 19, 2007 8:28am
Quoting forexguru
I am happy for you! Soon you will be a millionaire if you open bigger positions... bravo!
:
"Invest With The Insiders, Not The Masses" George Muzea
  • #40,076
  • Nov 19, 2007 8:40am Nov 19, 2007 8:40am
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  • #40,077
  • Nov 19, 2007 8:41am Nov 19, 2007 8:41am
Quoting peterM
No, sideways!
Exactly. THe safest bet today is not Up or down. Is RIGHT. LOL...

BTW, bad news unloading...

Goldman Sachs analysts downgraded Citigroup to "sell" and said the largest U.S. bank may have to write off $15 billion for debt losses over the next two quarters.

Dow -90 at open
  • #40,078
  • Nov 19, 2007 8:43am Nov 19, 2007 8:43am
if its break the red line and going up then it will bullish trend what i think

if not then bearish trend

am i right?
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  • #40,079
  • Nov 19, 2007 8:53am Nov 19, 2007 8:53am
Quoting Designer1
if its break the red line and going up then it will bullish trend what i think

if not then bearish trend

am i right?
yup correct.
"Invest With The Insiders, Not The Masses" George Muzea
  • #40,080
  • Nov 19, 2007 8:57am Nov 19, 2007 8:57am
Quoting Qu|cksilver
:
Thanks for your input today. I look at my charts and do analysis then make a decision on what I want to do. Then look at what the gurus say to confirm my trade. It always gives me confidence if my trade and gurus trade is the same. Today you were my guru your advice and comments made me 126pip today out of 1 mini lot! (2 trades) THANKS this was my best day so far. Gurus please keep commenting and stating your trades, long or short, it gives us newbies some confirmation on our own analysis or tells us - idiot your are wrong look properly! So thanks to all you 1K traders!!!!!
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