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Cable Update (GBPUSD)

  • #49,901
  • Jan 16, 2008 10:53am Jan 16, 2008 10:53am
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
it would be a good battle between amero and the euro
  • #49,902
  • Jan 16, 2008 10:56am Jan 16, 2008 10:56am
Quoting albertotralzt
I think retracement is now in play .
If 1.9600 is not touched next could be 1.9740 and if it is passed 1.9840.
It could take several day to reach this assumption.
It seems 1.9600 can hold
  • #49,903
  • Jan 16, 2008 11:18am Jan 16, 2008 11:18am
Quoting jeff7495
it would be a good battle between amero and the euro
Do you guys think that eventually, one day, not during our lifetime of course, there will just be the "Worldero" ?
"Lunch ? Lunch Is For Wimps !"
  • #49,904
  • Jan 16, 2008 11:29am Jan 16, 2008 11:29am
Quoting MrFuture
Do you guys think that eventually, one day, not during our lifetime of course, there will just be the "Worldero" ?
i dont want that day to come. lets say if in 100 years the worldero takes the place of all other currencies what will my grand child be trading.
  • #49,905
  • Jan 16, 2008 11:37am Jan 16, 2008 11:37am
i second that!!!! ...the world needs forex and me winning too
  • #49,906
  • Jan 16, 2008 11:51am Jan 16, 2008 11:51am
at ~ GMT i took short @ 1.9695. Love when profit rides
  • #49,907
  • Jan 16, 2008 11:55am Jan 16, 2008 11:55am
Quoting albertotralzt
I think retracement is now in play .
If 1.9600 is not touched next could be 1.9740 and if it is passed 1.9840.
It could take several day to reach this assumption.
assumption aborted
  • #49,908
  • Jan 16, 2008 11:56am Jan 16, 2008 11:56am
Quoting sDRs
at ~ GMT i took short @ 1.9695. Love when profit rides
this is a beautiful thing!! price is still heading downwards!! Ive been in since 1.97 and loving it!
Things can get Real ugly, Real quick!!!
  • #49,909
  • Jan 16, 2008 12:08pm Jan 16, 2008 12:08pm
Quoting Atltrader
this is a beautiful thing!! price is still heading downwards!! Ive been in since 1.97 and loving it!
TP @ 1.9599 with +98 pips.
  • #49,910
  • Jan 16, 2008 12:15pm Jan 16, 2008 12:15pm
Quoting sDRs
TP @ 1.9599 with +98 pips.
nice one!!!!.. im out too.... 1.96 seems to be holding for the moment.. im happy with my 100 so im off.... Back at london open
Things can get Real ugly, Real quick!!!
  • #49,911
  • Jan 16, 2008 1:30pm Jan 16, 2008 1:30pm
Quoting albertotralzt
assumption aborted
abortion assumed:

it's like watching an epileptic in the bath and betting on which foot will kick out of the foam next ..

this sure ain't swing trading - it's russian roulette without the roubles

I am just watching for now....
  • #49,912
  • Jan 16, 2008 1:51pm Jan 16, 2008 1:51pm
Quoting FXdaily
Dont rakasta me we 'r going 1.9270 ....1.9130
oh yea, when?
  • #49,913
  • Jan 16, 2008 2:26pm Jan 16, 2008 2:26pm
Quoting allserene
abortion assumed:

it's like watching an epileptic in the bath and betting on which foot will kick out of the foam next ..

this sure ain't swing trading - it's russian roulette without the roubles

I am just watching for now....
u aint wrong there brother!!!!!!

I not sure if im seeing things now.....but i swear theres a head n shoulder pattern forming on the 30 minute chart..
  • #49,914
  • Jan 16, 2008 2:46pm Jan 16, 2008 2:46pm
Quoting nAVIN2007
u aint wrong there brother!!!!!!

I not sure if im seeing things now.....but i swear theres a head n shoulder pattern forming on the 30 minute chart..
sma on the hourly is gently inflating and looks like a channel itself....anyone who is holding shorts since 13th is losing.... hum could be a small long here....to 1.97 ish ?
  • #49,915
  • Jan 16, 2008 3:27pm Jan 16, 2008 3:27pm
Quoting MrFuture
Do you guys think that eventually, one day, not during our lifetime of course, there will just be the "Worldero" ?
the Bible prophesizes a 1 world currency.
  • #49,916
  • Jan 16, 2008 3:54pm Jan 16, 2008 3:54pm
fyi.. G/U has been trading indside the last week's range so far... i think this may continue and accordingly next week we may see a much needed upward retracement on the weekly....

just an observation on the current situation though..
  • #49,917
  • Jan 16, 2008 3:55pm Jan 16, 2008 3:55pm
Quoting nAVIN2007
trading this pair at the moment is a joke..the only thing i seen is the price bouncing in a downward channel and its crazy to predict the direction it going to bounce...even divergence dont seem to respond to this pair right now and that meant to be safe money
Nice chart shows a very nice reversal pattern.
Right now I'm looking for a spike low, false break lower, followed by the resumption of the uptrend.
  • #49,918
  • Jan 16, 2008 4:41pm Jan 16, 2008 4:41pm
morning all...
"IT'S GOING TO BE LIKE COMING INTO THE JUNGLE" - K G
  • #49,919
  • Jan 16, 2008 4:42pm Jan 16, 2008 4:42pm
Daily pivot
S31.9341 S21.9434 S11.9534 Pivot1.9627 R11.9727 R21.9820 R31.9920
"IT'S GOING TO BE LIKE COMING INTO THE JUNGLE" - K G
  • #49,920
  • Jan 16, 2008 6:05pm Jan 16, 2008 6:05pm
Still think u gotta be a buyer
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