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Cable Update (GBPUSD)

  • #52,361
  • Feb 6, 2008 9:22am Feb 6, 2008 9:22am
Read the description by clicking folder icon:

"Measures the annualized quarterly growth in labor efficiency for producing goods and services outside the farming sector. A falling trend has a positive effect on the nation's currency because a decrease in efficiency is comparable to an increase in wages. When businesses pay more for labor, they are likely to pass the higher costs to the consumer, so traders view wage inflation as a leading indicator of consumer inflation."
  • #52,362
  • Feb 6, 2008 9:22am Feb 6, 2008 9:22am
Quoting jacobtrader
Just be patient.. dont worry.. we are in downtrend still..
you need to let the pair breathe for a while after it took 100 PIPS downfall..

Suppose you have run 100 KMS.. dont know if someone with no stop lolz.. and then after you have run 100 KMS, you would stop,, drink water, relax, adjust your self...

And then you will run another 100 KMS towards your home (thats 1.9500)

Then you say ooh damn i forgot something 50 KMS behind me, then you go to 1.9555, get it.. and then think.. should i go back to 1.9500 or shall i just go back to 1.9600..

Lolz a nice story i think so i have written ...

After this i am writing a book.. hehe
Run to North Buddy...
"IT'S GOING TO BE LIKE COMING INTO THE JUNGLE" - K G
  • #52,363
  • Feb 6, 2008 9:23am Feb 6, 2008 9:23am
opps a big spike

but i think we just tested the down trend line

so we will see if it will break it or go down strongly again
Attached Image (click to enlarge)
Click to Enlarge Name: daawt.png Size: 32 KB
  • #52,364
  • Feb 6, 2008 9:24am Feb 6, 2008 9:24am
oh! so this means the uptrend has alerady begun...i am still short...
I believe . . .
  • #52,365
  • Feb 6, 2008 9:26am Feb 6, 2008 9:26am
Quoting msniper
opps a big spike

but i think we just tested the down trend line

so we will see if it will break it or go down strongly again
yeah that's what i am worried for...just wonder if the candle will breakt this resistance level, jacob said it's abt 30 mins when something happnes, i would personally love to see it go down just a bit, perhaps as much as jacob said...all the way to 1.9500!
I believe . . .
  • #52,366
  • Feb 6, 2008 9:27am Feb 6, 2008 9:27am
Quoting hi_sham
i'm just eager to know what actually going to happen 30min more
& clock ticking it seem to go up for me

now i understand 30 min more for bull action take place
nice prediction
  • #52,367
  • Feb 6, 2008 9:27am Feb 6, 2008 9:27am
everybody can make a call....
but i believe that a good call need more than just patient....
no matter how intents or how loud it speaks....

better not follow other people....
especially there's many kind trader here....

for example: a scalper can't follow a swing trader calls...

confidence with yourself...
Never Give Up.....
  • #52,368
  • Feb 6, 2008 9:29am Feb 6, 2008 9:29am
These Guys On Comedy Central Are Crazy!!!

:d
  • #52,369
  • Feb 6, 2008 9:33am Feb 6, 2008 9:33am
Quoting lessy
everybody can make a call....
but i believe that a good call need more than just patient....
no matter how intents or how loud it speaks....

better not follow other people....
especially there's many kind trader here....

for example: a scalper can't follow a swing trader calls...

confidence with yourself...


PS. PeDe Bro..
"IT'S GOING TO BE LIKE COMING INTO THE JUNGLE" - K G
  • #52,370
  • Feb 6, 2008 9:37am Feb 6, 2008 9:37am
Wow...just after posting my chart here and buying at 0.9577 we get this spike up! Could this be the bottom for the pair? I guess that can be a valid assumption as long as 9550 holds. I am still waiting for someone to comment if I am drawing my chart right. Please help!
Attached File(s)
File Type: pdf GBPUSD 4H (060208).pdf   23 KB | 395 downloads
  • #52,371
  • Feb 6, 2008 9:42am Feb 6, 2008 9:42am
Quoting AmeriTrini
These Guys On Comedy Central Are Crazy!!!

:d
even more here.
If I Go Broke Trying Then I Will die happy.
  • #52,372
  • Feb 6, 2008 9:44am Feb 6, 2008 9:44am
Quoting jacobtrader
Just wait 30 mins more and see..
then what?
If I Go Broke Trying Then I Will die happy.
  • #52,373
  • Feb 6, 2008 9:44am Feb 6, 2008 9:44am
ok for the people who are waiting for a bullish trend.

what if tomorrow the news comes and they cut the rate !!! do u still see it bullish ? it will be a fake downtrend break

am i wrong ?
  • #52,374
  • Feb 6, 2008 9:47am Feb 6, 2008 9:47am
Quoting msniper
ok for the people who are waiting for a bullish trend.

what if tomorrow the news comes and they cut the rate !!! do u still see it bullish ? it will be a fake downtrend break

am i wrong ?
the rate cut is not important, everyone is expecting it, its what they say after they cut the rate!!.......
  • #52,375
  • Feb 6, 2008 9:55am Feb 6, 2008 9:55am
Quoting msniper
ok for the people who are waiting for a bullish trend.

what if tomorrow the news comes and they cut the rate !!! do u still see it bullish ? it will be a fake downtrend break

am i wrong ?
yup you are right
earlier we are waiting for " just wait for 30min and see "

  • #52,376
  • Feb 6, 2008 9:58am Feb 6, 2008 9:58am
Quoting Moe
then what?
Then i think its in front of your eyes hehe..
  • #52,377
  • Feb 6, 2008 10:01am Feb 6, 2008 10:01am
Quote
Then i think its in front of your eyes hehe..
lol! not much acrtually happened so far, but as far as i can see guess it should still look to go bearish for some hours before finalkly getting into that uptrend...
I believe . . .
  • #52,378
  • Feb 6, 2008 10:03am Feb 6, 2008 10:03am
Quoting ghous
lol! not much acrtually happened so far, but as far as i can see guess it should still look to go bearish for some hours before finalkly getting into that uptrend...
Until it hasnt gone to 1.9500.. it wont continue its uptrend..
  • #52,379
  • Feb 6, 2008 10:05am Feb 6, 2008 10:05am
can someone please put here a picture with uptrend in 4H or 1D graph. Just cant find it
  • #52,380
  • Feb 6, 2008 10:06am Feb 6, 2008 10:06am
Quote
Until it hasnt gone to 1.9500.. it wont continue its uptrend
yes sir......gone short and this time i am not pulling out...may i blow my equity!!! logging off for dinner...finger's crossed~!

ps ps this is'n because i am following Jacob, this is what i persoanlly predict too, since the cable tested the 3 day resistance level but did'nt cross it it's a strong sign of it bouncing back...not sure if it's gonna go all the way to 1.9500...but let's see...
I believe . . .
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