Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

#50,781
Jan 23, 2008 8:02am Jan 23, 2008 8:02am

JuSh
| Joined Jan 2008 | Status: Trader | 67 Posts

Quoting dds_student

Disliked

i can't predict the future my from my trading system the base is is still far away...my trading system looks at the different levels of drop....the next support is 1.9441 (fibbo 23.6) and the pivot support 1 is 1.9425....thats going to be a little hard for it to break....but if the next H4 candle stick drops down...it still has tired..we'll see...the US market is opening soon!!!!

Ignored

oh ok, thanks..

#50,782
Jan 23, 2008 8:05am Jan 23, 2008 8:05am

JuSh
| Joined Jan 2008 | Status: Trader | 67 Posts

Quoting dds_student

Disliked

haha...as you can see from my screen name

DDS_student = Doctor of Dental Surgery Student...im studying to be a dentist...but i like business

my trading system is not the holy grail...no system is....i just follow my trading system and obey its rules....even if i have to sit on my hands....

Ignored

oooo.... a dentist!

#50,783
Jan 23, 2008 8:06am Jan 23, 2008 8:06am

dds_student
| Joined Dec 2007 | Status: Trader | 79 Posts

ok short term pullback here we go....

#50,784
Jan 23, 2008 8:15am Jan 23, 2008 8:15am

JuSh
| Joined Jan 2008 | Status: Trader | 67 Posts

Quoting dds_student

Disliked

ok short term pullback here we go....

Ignored

yeah...

#50,785
Jan 23, 2008 8:15am Jan 23, 2008 8:15am

dds_student
| Joined Dec 2007 | Status: Trader | 79 Posts

knew it was going to pull back to 38.2 fibbo...hahaha...its only short term though...but we will see!

the buyers woke up and the shorter time frame charts showed that they were buying...but seller pressure came in...i hope the bears keep winning...let's keep watching

#50,786
Jan 23, 2008 8:29am Jan 23, 2008 8:29am

Carrera
Joined Jun 2007 | Status: Forex is my jungle | 540 Posts

Another day, let see how it goes.

Not good for US.

http://money.cnn.com/2008/01/23/mark...ion=2008012307

#50,787
Jan 23, 2008 8:37am Jan 23, 2008 8:37am

dds_student
| Joined Dec 2007 | Status: Trader | 79 Posts

i think 23 more mins until next H4 candle...GPPUSD fate will be determine on that....

to quote "Bond prices rose sharply as investors sought the safety of government-backed debt."

the more wall street buy bonds the more GBPUSD will fall...

#50,788
Edited 8:59am Jan 23, 2008 8:48am | Edited 8:59am

dds_student
| Joined Dec 2007 | Status: Trader | 79 Posts

edited..

#50,789
Jan 23, 2008 9:01am Jan 23, 2008 9:01am

dds_student
| Joined Dec 2007 | Status: Trader | 79 Posts

unload at 9477 from 9534...what a ride...the bulls took over...

from the yen + cable took home 139 total pips....

im taking the day after tmr...may the green pips be with you!

bye all

#50,790
Jan 23, 2008 9:23am Jan 23, 2008 9:23am

bksujal
| Joined Jun 2007 | Status: candlestick trader | 991 Posts

hey guys can anyone tell me a website where can i get the citibank share prices?
BK

#50,791
Jan 23, 2008 10:19am Jan 23, 2008 10:19am

dds_student
| Joined Dec 2007 | Status: Trader | 79 Posts

it looks like the bulls got tired...i think the H4 candles still play so for the rest of the day it might continue downtrending...

#50,792
Jan 23, 2008 10:49am Jan 23, 2008 10:49am

Runway Trade
| Joined Aug 2007 | Status: Air Raider | 895 Posts

It also look to me we going further south. This was just a small bounch. I think it is a good time to short?

#50,793
Jan 23, 2008 10:59am Jan 23, 2008 10:59am

allserene
Joined Jun 2007 | Status: As you say Ingles - rich and free | 2,751 Posts

These things are going in waves..

all this panic to get into government bonds..

then a few days pass and people look at the pathetic interest rate and the vulnerability of the high price bonds and the wolf seems to have got from the door and they rush back into foreign currencies and stocks..

I dont think we will see a steady trend now - too much panic - i think we will see lots of volatility

might be good for bank traders but us ? nope we can easily get burned as we are all swing traders and there is no trend to swing with

#50,794
Jan 23, 2008 11:11am Jan 23, 2008 11:11am

nAVIN2007
Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts

Quoting allserene

Disliked

These things are going in waves..

all this panic to get into government bonds..

then a few days pass and people look at the pathetic interest rate and the vulnerability of the high price bonds and the wolf seems to have got from the door and they rush back into foreign currencies and stocks..

I dont think we will see a steady trend now - too much panic - i think we will see lots of volatility

might be good for bank traders but us ? nope we can easily get burned as we are all swing traders and there is no trend to swing with

Ignored

I totally agree..
i was absolutely sure, the price at start on london opening was going to produce a breakout ..and we see a uptrend...we had a huge dailly bullish candle and yet we still going south..can only put it down to panic, as technical analysis right now doesnt predict a direction...we are in limbo!!!

and are bound to lose

#50,795
Jan 23, 2008 1:12pm Jan 23, 2008 1:12pm

Bones
Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts

Quoting nAVIN2007

Disliked

I totally agree..
i was absolutely sure, the price at start on london opening was going to produce a breakout ..and we see a uptrend...we had a huge dailly bullish candle and yet we still going south..can only put it down to panic, as technical analysis right now doesnt predict a direction...we are in limbo!!!

and are bound to lose

Ignored

Hay navin take a look at the weekly there is a clear downtrend since end of Nov we need something bigger than the news today to break it, think short until then the closer you are to that trendline the better