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Cable Update (GBPUSD)

  • #48,241
  • Jan 4, 2008 7:56am Jan 4, 2008 7:56am
Quoting forexlion
On a shorter time fr ame of Daily, this is a chart of sterling shorts of 6 months, which shows that a small retrace uipwards could be expected.

Since next week will be NFP week, we might see a small jump in GBPUSD.

This is just an observation, not a firm decision, charts change every hour.
oooooooohhh i am loving it, GU jumped exactly as expected in this chart
http://www.forexfactory.com/showpost...ostcount=48053
  • #48,242
  • Jan 4, 2008 7:58am Jan 4, 2008 7:58am
Quoting uncleforex
The next H4 candle for G/U would be crucial.

Have some patience and watch.

No point shouting every now and then.

That's just too emotional.
It's what they do at roulette wheels - then they losen their ties and walk home slowly in the rain...

Why shout for 'up' or 'down' surely we are followers and the leaders decide...
  • #48,243
  • Jan 4, 2008 8:00am Jan 4, 2008 8:00am
Quoting uncleforex
The next H4 candle for G/U would be crucial.

Have some patience and watch.

No point shouting every now and then.

That's just too emotional.

I do find your posts a little negative maybe you could give us an insight into your line of thinking, something positive

Maybe a chart ??
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #48,244
  • Jan 4, 2008 8:02am Jan 4, 2008 8:02am
The crucial levels here now are 9936 and 9651.

If 9651 is broken then we go all the way down to 9194

But if 9936 is broken then we go up to 2.0173
  • #48,245
  • Jan 4, 2008 8:04am Jan 4, 2008 8:04am
Quoting Qu|cksilver
only +5
how about your NFP positive numbers?

Maybe your sources are not trustful
  • #48,246
  • Jan 4, 2008 8:04am Jan 4, 2008 8:04am
Any other day this news would be crushing blow to dollar. I think it's just a matter of time for the reality to set in; so perhaps today is good day to place some longer term trades and let the banks settle their accounts their way.

I think about the yen pairs and a lot of posts I read about people being long - man I feel so lucky to be a million miles from that action. "knock on wood"
  • #48,247
  • Jan 4, 2008 8:05am Jan 4, 2008 8:05am
important thing telling QuickSilver

i have tried interbank charting candle patterns and trying metatrader demo version from metaquotes

interbank candle patterns are not working professionally i was 100% right in metaquotes that this is clear breakout of channel and cable will go up in all the way!

while i was checking interbank candle chart it was not showing me that channel is clean break it was confusing

i knew that interbank chart not working perfectly if you try metatrader from metaquotes might it will help you

this is happening because lots of holidays came one by one in interbank platform and patterns are delaying to get the result that is i have seen
  • #48,248
  • Jan 4, 2008 8:06am Jan 4, 2008 8:06am
Quoting forexlion
The crucial levels here now are 9936 and 9651.

If 9651 is broken then we go all the way down to 9194

But if 9936 is broken then we go up to 2.0173

and 99% chances are that 9651 will be broken.
  • #48,249
  • Jan 4, 2008 8:13am Jan 4, 2008 8:13am
hey !!! too many people at this thread !

why dont you close your short position ,

begin with long gbp/usd at this price 19800 ,

after that ,shut down the computer ,

and let your profit run until next week !
  • #48,250
  • Jan 4, 2008 8:14am Jan 4, 2008 8:14am




Attached Image
Humble Lifetime Member
  • #48,251
  • Jan 4, 2008 8:16am Jan 4, 2008 8:16am
see this its really confused point coming that may be 50% chance 9651 we can t see?????
Attached Image (click to enlarge)
Click to Enlarge Name: stoch.gif Size: 22 KB
  • #48,252
  • Jan 4, 2008 8:29am Jan 4, 2008 8:29am
Quoting banana9009
hey !!! too many people at this thread !

why dont you close your short position ,

begin with long gbp/usd at this price 19800 ,

after that ,shut down the computer ,

and let your profit run until next week !
Biggest gain I EVER made was when I shut down my computer for 3 weeks and left a trade running by accident

When I turned it on again I could not believe all those zeros !!!!!!

Not very professional but yes sometimes we think too short term
  • #48,253
  • Jan 4, 2008 8:32am Jan 4, 2008 8:32am
i feel its going down..
I'm in.. short!
"Invest With The Insiders, Not The Masses" George Muzea
  • #48,254
  • Edited 8:35am Jan 4, 2008 8:33am | Edited 8:35am
Quoting Designer1
see this its really confused point coming that may be 50% chance 9651 we can t see?????
Possible to go up but not 2.15. Highly unlikely with the BOE posed to cut rates on the 10th of this month.
Humble Lifetime Member
  • #48,255
  • Jan 4, 2008 8:35am Jan 4, 2008 8:35am
Quoting Designer1
important thing telling QuickSilver

i have tried interbank charting candle patterns and trying metatrader demo version from metaquotes

interbank candle patterns are not working professionally i was 100% right in metaquotes that this is clear breakout of channel and cable will go up in all the way!

while i was checking interbank candle chart it was not showing me that channel is clean break it was confusing

i knew that interbank chart not working perfectly if you try metatrader from metaquotes might it will help you

this is happening because lots of holidays came one by one in interbank platform and patterns are delaying to get the result that is i have seen

All broker platform is good... the only different is timezone.
"Invest With The Insiders, Not The Masses" George Muzea
  • #48,256
  • Jan 4, 2008 8:38am Jan 4, 2008 8:38am
i keep my short @1.9778.
may be not a good idea, but i just wanna try give some space for cable...
if NFP wanna bring cable up... it suppose to be up already...
Never Give Up.....
  • #48,257
  • Jan 4, 2008 8:39am Jan 4, 2008 8:39am
Quoting Qu|cksilver
All broker platform is good... the only different is timezone.
Also the candle will look different when you compare on different broker's platform especially 4hr chart.
"Invest With The Insiders, Not The Masses" George Muzea
  • #48,258
  • Jan 4, 2008 8:40am Jan 4, 2008 8:40am
I am in Long..
I will follow the trend..
And it says its going up..
Why cause USD is weak.. Equity Market falling.. GBP Data today is strength..
  • #48,259
  • Jan 4, 2008 8:41am Jan 4, 2008 8:41am
Im LONG @1.9792
  • #48,260
  • Jan 4, 2008 8:43am Jan 4, 2008 8:43am
Quoting FXdaily
Im LONG @1.9792
you said you was short befor news, after you went long?
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