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Cable Update (GBPUSD)

  • #47,121
  • Edited 8:36am Dec 27, 2007 8:17am | Edited 8:36am
has been very helpful by the way ..... and I think all Newbies should give it a visit. Very good teaching Video on Price Patterns ongoing now. IMO

I like putting up MA's EXP Dots from 50 through 60 ..... gives a really nice line for longer trends. If this means anything in the 1hr then we are in a uptrend, but 4hr we are not so.....a very interesting day to see where G/U goes from here. IMO


ForexGuru you are also fun to watch on your thoughts! Thanks
  • #47,122
  • Dec 27, 2007 8:19am Dec 27, 2007 8:19am
man, I just talked with a guy from CMS's technical support and those guys don't know shit about forex! One piece of the live chatting:

"Operator: thank you one moment please
you: ok
Operator: what are the ticket numbers for your orders?
you: I don't have them anymore cause the position was liquidated
you: so those conditional orders were erased
Operator: currency pair?
Operator: time?
you: cable
you: I shorted at 22:30 0.7 lots at 1.9872
Operator: what is cable?
you: cable=gbp/usd"

ROFL
  • #47,123
  • Dec 27, 2007 8:19am Dec 27, 2007 8:19am
by the way designer, I am short, I saw a shooting star.. you do not have to take serious my calls, just I want to make you stronger on keeping your faith


Quoting Designer1
i am not expert but just ordinary like you

For NEWBIE whos are watchng this thread

you can become excellent trader your ownself

to Become successful trader read ebook of Fiboonacci , Trendline,Candlestick pattern ebook, watch the great videos from google of forex learning tutorial, search all things in google
keywords are : fibonacci,candlestick patterns
and Trendline --- try demo for 5 to 6 days to confirm you are 100% correct then come in this market - dont relay on expert comments you should have your own sucessful way - discuss the trading system here with all - and go ON.
  • #47,124
  • Dec 27, 2007 8:24am Dec 27, 2007 8:24am
Is it still possible that cable may go down to close the gap on the 1 hour & 4 hour charts from 26/12/07 open?
" THE BRAIN IS LIKE A PARACHUTE ... WORKS BEST WHEN OPEN "
  • #47,125
  • Dec 27, 2007 8:28am Dec 27, 2007 8:28am
HI again hheheeh. Well, like designer said....fibo is very stronger and trustyfull (well many times . Maybe it now can retrect to 1.9911 (61 fibo) and extend to 2.0033. If breaks it down, we could see 1.9897 (50 fibo and really strong line) with extension in 2.0004. All in 1h chart. Anyone?
  • #47,126
  • Dec 27, 2007 8:34am Dec 27, 2007 8:34am
i get a little antsy when all crosses level theier pivot points
  • #47,127
  • Dec 27, 2007 8:37am Dec 27, 2007 8:37am
Quoting forexguru
by the way designer, I am short, I saw a shooting star.. you do not have to take serious my calls, just I want to make you stronger on keeping your faith
your target should 9904 well i have no any trade for now
  • #47,128
  • Dec 27, 2007 8:42am Dec 27, 2007 8:42am
Quoting Designer1
your target should 9904 well i have no any trade for now
my target is much lower, why you think 9904 ?
  • #47,129
  • Dec 27, 2007 8:43am Dec 27, 2007 8:43am
Quoting forexguru
my target is much lower, why you think 9904 ?
whats your target?
  • #47,130
  • Dec 27, 2007 8:45am Dec 27, 2007 8:45am
Quoting Designer1
whats your target?
wil tell you tomorrow as I am not going to close today.. we will see how the market behaves, my stop loss is 2.000
  • #47,131
  • Dec 27, 2007 8:51am Dec 27, 2007 8:51am
see 30mins chart

need to check if its break trend channel it should go more down

but we should have bounce from 9904 that mean more UP UP UP!
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  • #47,132
  • Dec 27, 2007 8:54am Dec 27, 2007 8:54am
Strategy: [email protected] As the bull run looks set to extend for a third day we have changed our strategy to reflect the developing trend. Both daily and hourly action looks constructive (the market has broken the 10-day moving average line, currently 1.9950). We will look to buy on dips to 1.9850 for a 2.0250 return, below 1.9700 will defer

from dailyfx
  • #47,133
  • Dec 27, 2007 8:56am Dec 27, 2007 8:56am
Quoting Designer1
see 30mins chart

need to check if its break trend channel it should go more down

but we should have bounce from 9904 that mean more UP UP UP!
your analysis is interesting but it is just an analysis, if you ask 20 analysts will show you 20 different graphics, I am based on the fact that BRITISH POUND is overvalued.. simple like this.. everybody knows that, it will not be long that it will lose it's strenght.
  • #47,134
  • Dec 27, 2007 8:57am Dec 27, 2007 8:57am
Quoting Designer1
from now i will not follow anyone of this thread without quicksilver

i dont tell QS always right but he is about 95% coorrect in his history

i am beliving confidence ownself but thats what i missed today

Trade when you 100% right! dont do hurry - market is always here!
I'm proud of you..
Hope one day you will be a good, profitable,patient & confidence trader.
"Invest With The Insiders, Not The Masses" George Muzea
  • #47,135
  • Dec 27, 2007 9:00am Dec 27, 2007 9:00am
Gees, I'm in a panic. I'm long at 1.9956!
Still holding. Any advice?
  • #47,136
  • Dec 27, 2007 9:02am Dec 27, 2007 9:02am
Quoting fx-SOS
Gees, I'm in a panic. I'm long at 1.9956!
Still holding. Any advice?
do what you feel I am short from 1.9923 target 1.9650
  • #47,137
  • Dec 27, 2007 9:04am Dec 27, 2007 9:04am
Quoting forexguru
do what you feel I am short from 1.9923 target 1.9650
Well now that it's touching 1.9904, I'm going to hang in for this bounce!
  • #47,138
  • Dec 27, 2007 9:07am Dec 27, 2007 9:07am
Quoting Designer1
see 30mins chart

need to check if its break trend channel it should go more down

but we should have bounce from 9904 that mean more UP UP UP!
designer my friend, according to your parallel analysis price should touch up and down parallel lines and bounce.. but forex is not black and white.. all the lines break from up to down or down to up soon or later.
  • #47,139
  • Dec 27, 2007 9:14am Dec 27, 2007 9:14am
Quoting forexguru
designer my friend, according to your parallel analysis price should touch up and down parallel lines and bounce.. but forex is not black and white.. all the lines break from up to down or down to up soon or later.
it is late and I decided to close my position designer. took my profit and wake up early tomorrow to short cable again.. have a nice night and be fresh tomorrow for trading
  • #47,140
  • Dec 27, 2007 9:15am Dec 27, 2007 9:15am
Quoting forexguru
do what you feel I am short from 1.9923 target 1.9650
Just cover your back with acceptable loss and if it breaks below 1.9868 today, put your stop loss there and target 1.9810, remain selling till tomorrow. The market may still be correcting itself.
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