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Cable Update (GBPUSD)

  • #49,121
  • Jan 10, 2008 12:42pm Jan 10, 2008 12:42pm
I'd be careful....on the 1hr chart I see a clear triangle pushing downwards.

Even though things are going bad for the USA there's a strong bearish feeling on the GBP now...very very strong....just take a look at the latest COT #s....
"Lunch ? Lunch Is For Wimps !"
  • #49,122
  • Jan 10, 2008 12:45pm Jan 10, 2008 12:45pm
Quoting MrFuture
I'd be careful....on the 1hr chart I see a clear triangle pushing downwards.

Even though things are going bad for the USA there's a strong bearish feeling on the GBP now...very very strong....just take a look at the latest COT #s....

you didnt read that report very well, it says that a bottom is forming on the cable and if a bottom forms, where is the only place that it can go??
  • #49,123
  • Jan 10, 2008 12:48pm Jan 10, 2008 12:48pm
Quoting AmeriTrini
you didnt read that report very well, it says that a bottom is forming on the cable and if a bottom forms, where is the only place that it can go??
what report ?
"Lunch ? Lunch Is For Wimps !"
  • #49,124
  • Jan 10, 2008 12:49pm Jan 10, 2008 12:49pm
cable is currently a crap shoot, rubbish moves compared to euro dollar and euryen, if u want to go long the euro was a far better opportunty. forget cable is dead in terms of upward pressure due to euro sterling.
Trading is 80% Emotional, 20% Technical
  • #49,125
  • Jan 10, 2008 1:12pm Jan 10, 2008 1:12pm
Quoting MrFuture
I'd be careful....on the 1hr chart I see a clear triangle pushing downwards.

Even though things are going bad for the USA there's a strong bearish feeling on the GBP now...very very strong....just take a look at the latest COT #s....
The COT report, commitment of traders report!!!
  • #49,126
  • Jan 10, 2008 1:17pm Jan 10, 2008 1:17pm
Quoting AmeriTrini
The COT report, commitment of traders report!!! do you read what you type?
Man, are you joking or are being serious ? Why are you being so rude ?

Anyways, I did not read the actual report I look at the chart they have on pfxglobal. com

Trust me, I want GBP to go up more than you so I can open a trade, however I can't deny the fact that a lot of force is pushing it down....other than that, see whatever you wanna see....
"Lunch ? Lunch Is For Wimps !"
  • #49,127
  • Jan 10, 2008 1:55pm Jan 10, 2008 1:55pm
Quoting MrFuture
Man, are you joking or are being serious ? Why are you being so rude ?

Anyways, I did not read the actual report I look at the chart they have on pfxglobal. com

Trust me, I want GBP to go up more than you so I can open a trade, however I can't deny the fact that a lot of force is pushing it down....other than that, see whatever you wanna see....

sorry dude, but you said its going down and you didnt evem read the report. Then how can you stake that claim?
  • #49,128
  • Jan 10, 2008 2:00pm Jan 10, 2008 2:00pm
well like i said b4 the asian market has a lot of buyers like i saw yesterday and they like bullish trends it seem, finally it starting to be fight ...where one side is commin out on top....

bulls here we come to get pips .......lol

I got to be honest i love this forex thing....i think im getting addicted, is this good?
  • #49,129
  • Jan 10, 2008 2:03pm Jan 10, 2008 2:03pm
grow the fuck up guys all that whinning and fighting makes me think you guys are a bunch of rookies who don't know what the hell your doing.
If I Go Broke Trying Then I Will die happy.
  • #49,130
  • Jan 10, 2008 2:04pm Jan 10, 2008 2:04pm
Quoting AmeriTrini
sorry dude, but you said its going down and you didnt evem read the report. Then how can you stake that claim?
I never said it is going down, I said that I'd be careful before going long because it seems that there's a lot of pressure to keep it down.

In addition, after looking at the CHART of the COT report, and not the actual report, I noticed that the sentiment is GBP negative.

I do not know why you are acting so grumpy, but I guess you are long and hate reading about any possibilities of it going down.

Pretty understandable, trust me I've been there, but it does not justify such behavior in my opinion. Think about it...
"Lunch ? Lunch Is For Wimps !"
  • #49,131
  • Jan 10, 2008 2:06pm Jan 10, 2008 2:06pm
Quoting Moe
grow the fuck up guys all that whinning and fighting makes me think you guys are a bunch of rookies who don't know what the hell your doing.
like i said, stop the b.s. or you will be ban.
If I Go Broke Trying Then I Will die happy.
  • #49,132
  • Edited 2:19pm Jan 10, 2008 2:15pm | Edited 2:19pm
Quoting nAVIN2007
well like i said b4 the asian market has a lot of buyers like i saw yesterday and they like bullish trends it seem, finally it starting to be fight ...where one side is commin out on top....

bulls here we come to get pips .......lol

I got to be honest i love this forex thing....i think im getting addicted, is this good?
Well, to be honest this bear had his 2948 pips for breakfast this morning while everyone was fighting, doubting and calling each other names for the last 2 months. Had everyone been following the charts, you could've joined in also.

I'll join in with bulls when the time comes. For the time being, good luck to you guys and ladies. This thread is a joke.
Humble Lifetime Member
  • #49,133
  • Jan 10, 2008 2:15pm Jan 10, 2008 2:15pm
Im cool............
  • #49,134
  • Jan 10, 2008 2:17pm Jan 10, 2008 2:17pm
Quoting Moe
like i said, stop the b.s. or you will be ban.
I am just defending myself and explaining myself in a very polite way. I think it is my right.

If you go back and read, I was attacked for expressing an opinion on GBP, something that everybody here does on a daily basis. For whathever reason, someone seems to dislike the idea that it could potentially go down. Why, I do not know.

I really doubt I will get banned for something like that. I haven't attacked, I am not attacking and I won't attack any time soon. I am above that, trust me.
"Lunch ? Lunch Is For Wimps !"
  • #49,135
  • Jan 10, 2008 2:17pm Jan 10, 2008 2:17pm
Quoting Moe
like i said, stop the b.s. or you will be ban.
Hey Moe, if they get banned for all the infighting, where will I go to get my daily laughs?
Humble Lifetime Member
  • #49,136
  • Jan 10, 2008 2:20pm Jan 10, 2008 2:20pm
Quoting MrFuture
I am just defending myself and explaining myself in a very polite way. I think it is my right.

If you go back and read, I was attacked for expressing an opinion on GBP, something that everybody here does on a daily basis. For whathever reason, someone seems to dislike the idea that it could potentially go down. Why, I do not know.

I really doubt I will get banned for something like that. I haven't attacked, I am not attacking and I won't attack any time soon. I am above that, trust me.
i did not point the finger at anyone, but there is to much fighting going on in here, just to much. trade and be happy, good luck to all.
If I Go Broke Trying Then I Will die happy.
  • #49,137
  • Jan 10, 2008 2:22pm Jan 10, 2008 2:22pm
Quoting Ash
Hey Moe, if they get banned for all the infighting, where will I go to get my daily laughs?
lol , stay cool, this is not what this forum is about.
If I Go Broke Trying Then I Will die happy.
  • #49,138
  • Jan 10, 2008 2:25pm Jan 10, 2008 2:25pm
Quoting Moe
lol , stay cool, this is not what this forum is about.
yeah, I know that but can't help getting my daily fix off this thread.....
Humble Lifetime Member
  • #49,139
  • Jan 10, 2008 2:26pm Jan 10, 2008 2:26pm
Quoting Moe
grow the fuck up guys all that whinning and fighting makes me think you guys are a bunch of rookies who don't know what the hell your doing.
Btw Moe, I love your "gangsta" interventions....very entertaining indeed

I just picture you coming through a door all pissed, bringing back some order to the forum
"Lunch ? Lunch Is For Wimps !"
  • #49,140
  • Jan 10, 2008 2:31pm Jan 10, 2008 2:31pm
Quoting MrFuture
Btw Moe, I love your "gangsta" interventions....very entertaining indeed

I just picture you coming through a door all pissed, bringing back some order to the forum
lol, this thread was started on moral and what we can do to help each other, everybody got there own view of the market let's respect that right or wrong and move on.
If I Go Broke Trying Then I Will die happy.
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