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Cable Update (GBPUSD)

  • #50,481
  • Jan 21, 2008 8:09pm Jan 21, 2008 8:09pm
Quoting AmeriTrini
1.9450 - 1.9500

what do you think?
You might be right.. but i'm thinking cable will make a test again to the resistance before continue going down.
"Invest With The Insiders, Not The Masses" George Muzea
  • #50,482
  • Jan 21, 2008 8:11pm Jan 21, 2008 8:11pm
Quoting Qu|cksilver
You might be right.. but i'm thinking cable will make a test again to the resistance before continue going down.
then ill catch it on the way down with you............
  • #50,483
  • Jan 21, 2008 8:13pm Jan 21, 2008 8:13pm
Quoting WaveRider3
Ameri,
Good analysis. Looking at monthly and weekly support, I see the price going to 1.9225 area.
- WaveRider3
thanks!! lets go make some pips!....
  • #50,484
  • Jan 21, 2008 8:13pm Jan 21, 2008 8:13pm
Quoting AmeriTrini
then ill catch it on the way down with you............

"Invest With The Insiders, Not The Masses" George Muzea
  • #50,485
  • Jan 21, 2008 8:28pm Jan 21, 2008 8:28pm
Quoting AmeriTrini
thanks!! lets go make some pips!....
Hey I like your thinking!
  • #50,486
  • Jan 21, 2008 8:28pm Jan 21, 2008 8:28pm
..where is FX daily? i need signal to trade..
  • #50,487
  • Jan 21, 2008 8:30pm Jan 21, 2008 8:30pm
Quoting 30pips
..where is FX daily? i need signal to trade..
He left a message to go long....
  • #50,488
  • Jan 21, 2008 8:32pm Jan 21, 2008 8:32pm
Quoting MykeFX
He left a message to go long....

I was kidding of course... although....
  • #50,489
  • Jan 21, 2008 8:39pm Jan 21, 2008 8:39pm
Isit going down???? bt cable might be goin up....
  • #50,490
  • Jan 21, 2008 8:47pm Jan 21, 2008 8:47pm
Quoting Ash
Yeah, we don't know for what reason. Maybe calling longs in a bear market without giving any logical reason as to why (I am almost sure some people got burned). People should start posting along with their calls if it is a scalp, long term, insider information, or whatever it is that is making them itch to make the call.
Here is the reson bellow. We are all here firstable to learn and trade. But we have to have some respect for everybody. I personaly don't like to see people get into infractions and all that problems, but rules in this forum must be follow.
This is a lesson for everyone, follow the rules or you are out.
I hope he gets a temporary infraction, because we are all in the same jungle, FOREX and this jungle is dangerous.

#50387 In this post was my advise for him and also my call for short in my trading pattern system (Chart summited). Still actually valid!!!
Attached Image (click to enlarge)
Click to Enlarge Name: GBP-USD Enero 21 consolidation broadening pattern2..png Size: 39 KB
  • #50,491
  • Jan 21, 2008 8:50pm Jan 21, 2008 8:50pm
Quoting JuSh
Isit going down???? bt cable might be goin up....
Most of the news and analysis I have seen point to the Pound continuing to fall. But, I am still learning here, so take that into account.

MykeFX.
  • #50,492
  • Jan 21, 2008 8:55pm Jan 21, 2008 8:55pm
Quoting Carrera
Here is the reson bellow. We are all here firstable to learn and trade. But we have to have some respect for everybody. I personaly don't like to see people get into infractions and all that problems, but rules in this forum must be follow.
This is a lesson for everyone, follow the rules or you are out.
I hope he gets a temporary infraction, because we are all in the same jungle, FOREX and this jungle is dangerous.

#50387 In this post was my advise for him and also my call for short in my trading pattern system (Chart summited). Still actually valid!!!
Nice analysis. This is what im thinking too..
"Invest With The Insiders, Not The Masses" George Muzea
  • #50,493
  • Jan 21, 2008 9:16pm Jan 21, 2008 9:16pm
Quoting Qu|cksilver
Nice analysis. This is what im thinking too..
and price action is showing a bull movement.
  • #50,494
  • Edited 9:50pm Jan 21, 2008 9:21pm | Edited 9:50pm
I'm thinking short now against 1.9450

Sorry. I should mention that I am new as well and am testing a new plan on a demo.
  • #50,495
  • Jan 21, 2008 9:46pm Jan 21, 2008 9:46pm
Quoting hijackxx
and price action is showing a bull movement.
If you are going to scalp, is ok take some pips out of the retracement, but this is not a bull market yet.

There is panic because US ressecion. Many markets are hitting lows, similar to September 11. Check these links.

http://money.cnn.com/2008/01/21/news...s.ap/index.htm

http://money.cnn.com/data/world_markets/index.html

http://money.cnn.com/2008/01/21/news...s.ap/index.htm

If after read this you belive that price is showing bull market. Good luck with your trading.

All high time frame said BEAR market is now.
  • #50,496
  • Jan 21, 2008 10:25pm Jan 21, 2008 10:25pm
Now start the action.
Here we go.
  • #50,497
  • Jan 21, 2008 10:36pm Jan 21, 2008 10:36pm
...Dow future shows minus 520,goin to be crazy tonight,hope short will hold!
  • #50,498
  • Jan 21, 2008 10:50pm Jan 21, 2008 10:50pm
cable can pull back to 1.9490 today...if level is broken thne we can see 1.9580...

Be carefull
  • #50,499
  • Jan 21, 2008 10:57pm Jan 21, 2008 10:57pm
Quoting Carrera
Here is the reson bellow.....
Hi, nice charts. good luck
  • #50,500
  • Jan 21, 2008 11:21pm Jan 21, 2008 11:21pm
I follow Fibo's and we have not had a retract from the 17th, most unusual. Maybe today is that retracment before going down again? If so from 1H t/f first stop is 1.9541 Fibo 23.6% second stop 1.9649 @ Fibo 38.2%! Anybodies thoughts
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