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Cable Update (GBPUSD)

  • #49,881
  • Jan 16, 2008 10:06am Jan 16, 2008 10:06am
I say continue bearish trend.. just my two cents..
Things can get Real ugly, Real quick!!!
  • #49,882
  • Jan 16, 2008 10:06am Jan 16, 2008 10:06am
We are supposed to be trading trends aren't we ?

So while there is no trend, we are betting on which way a fly will jump

If the U.S. recession gathers pace and the U.K economy apart from housing stays strong and inflation is present, these 'dead cert' shorts might not be so certain.

From april to december i had one viewer at my uk house

last 10 days i have had 2

The word from the street takes months to show in the statistics

Nothing is a certainty in this game - that is the FIRST rule...
  • #49,883
  • Jan 16, 2008 10:10am Jan 16, 2008 10:10am
i think it going to retrace from 50% and then go up again..damn this really see a see saw..
  • #49,884
  • Jan 16, 2008 10:13am Jan 16, 2008 10:13am
Take a look at what is happening to EURGBP.....finally a good trade for me...yup, I shorted it
"Lunch ? Lunch Is For Wimps !"
  • #49,885
  • Jan 16, 2008 10:15am Jan 16, 2008 10:15am
did britain just invade europe?
TRADE FOR SWAP
  • #49,886
  • Jan 16, 2008 10:15am Jan 16, 2008 10:15am
Quoting allserene
We are supposed to be trading trends aren't we ?
So while there is no trend, we are betting on which way a fly will jump

If the U.S. recession gathers pace and the U.K economy apart from housing stays strong and inflation is present, these 'dead cert' shorts might not be so certain.

From april to december i had one viewer at my uk house

last 10 days i have had 2

The word from the street takes months to show in the statistics

Nothing is a certainty in this game - that is the FIRST rule...
Frankly speaking... I am so CONFUSE with the market nowadays. Daily chart... I see trending. Hourly chart... urghhhh... PING PONG PANG PUNG.... that's why I just SCALPING.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusd707a.PNG Size: 56 KB
Click to Enlarge Name: gbpusd708a.PNG Size: 54 KB
  • #49,887
  • Jan 16, 2008 10:18am Jan 16, 2008 10:18am
Just shoooot the fu...cking price DOWNNN!!! 1.9270
  • #49,888
  • Jan 16, 2008 10:19am Jan 16, 2008 10:19am
Quoting cgldsmth
did britain just invade europe?
seems like it....look at EURGBP daily...the candle is huge compared to average....I guess the Forex Gods are saying "Mr Future, you deserve some pips after all these bad days on the GBPUSD...here you go, look what we are doing...an amazing candle in the direction of your trade...enjoy!"

Thank Gods of Forex
"Lunch ? Lunch Is For Wimps !"
  • #49,889
  • Jan 16, 2008 10:19am Jan 16, 2008 10:19am
Quoting MrFuture
Take a look at what is happening to EURGBP.....finally a good trade for me...yup, I shorted it
Tell us the future and not the past... this is a 'no-crowing' zone

exulting ist verboten although very tempting sometimes
  • #49,890
  • Jan 16, 2008 10:28am Jan 16, 2008 10:28am
this really is cat and mouse ..i cant even imagine if i had real money on this how i cope with placing a trade..the price is fluctating like crazy!!!
  • #49,891
  • Jan 16, 2008 10:31am Jan 16, 2008 10:31am
Quoting allserene
Tell us the future and not the past... this is a 'no-crowing' zone

exulting ist verboten although very tempting sometimes
I am actually very open about my wins AND my losses....just go back a few pages and you'll see how I am disappointed for losing pips with GBPUSD in the last few days.....

Too bad it bothers you...but you know, get over it.....seriously....
"Lunch ? Lunch Is For Wimps !"
  • #49,892
  • Jan 16, 2008 10:33am Jan 16, 2008 10:33am
Quoting nAVIN2007
after all that i came out -40 $ ....the trade paid of considering i almost blew that account
Way to hang in there.

grats
  • #49,893
  • Jan 16, 2008 10:43am Jan 16, 2008 10:43am
Quoting Rogue$Trader
banks taking up the gbp/usd and eur/usd one last gasp. than boom the new year trend turn around resumes, DOWN! Big ones set it up, traders follow.

Based and what I see and have saw in past.

http://picnac.com/images/805capture eurusd.jpg
  • #49,894
  • Jan 16, 2008 10:43am Jan 16, 2008 10:43am
Quoting TIckerShuffl
Way to hang in there.

grats
yeah ...but i guess if i had more nerves i actually would have been + whatever but a small loss definetly worth setling for ......im up by 396$ over yesterday and today
  • #49,895
  • Jan 16, 2008 10:44am Jan 16, 2008 10:44am
And other chart.



http://picnac.com/images/1894capture gbpusd.jpg
  • #49,896
  • Jan 16, 2008 10:45am Jan 16, 2008 10:45am
Dont rakasta me we 'r going 1.9270 ....1.9130
  • #49,897
  • Jan 16, 2008 10:48am Jan 16, 2008 10:48am
Quoting FXdaily
Dont rakasta me we 'r going 1.9270 ....1.9130

what are the supports and resistances to this target?
  • #49,898
  • Jan 16, 2008 10:48am Jan 16, 2008 10:48am
think G/U will be down.

Remember the US Gov. needs to make its Citizens feel like all is well until the Election is over and then USD will dive into the ground ......... Hello AMERO. IMO
  • #49,899
  • Jan 16, 2008 10:49am Jan 16, 2008 10:49am
im out of the trading till i see a winning side?
  • #49,900
  • Jan 16, 2008 10:52am Jan 16, 2008 10:52am
Quoting ut2DaMax
think G/U will be down.

Remember the US Gov. needs to make its Citizens feel like all is well until the Election is over and then USD will dive into the ground ......... Hello AMERO. IMO

from your lips to the sky gate
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