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Cable Update (GBPUSD)

  • #52,661
  • Feb 7, 2008 2:55pm Feb 7, 2008 2:55pm
Quoting pip_designer
Now I clearly see. (I'm learning all the time here)
good for you
  • #52,662
  • Feb 7, 2008 2:57pm Feb 7, 2008 2:57pm
Quoting pip_designer
Now I clearly see. (I'm learning all the time here)
I found the light today, coz while BOE cut rates AGAIN and cable plunged 200 pips AGAIN and everybody here is long STILL, the problem could be only on my charts, right?

I think so... So I fixed it. That's what real pro traders do. When reality doesn't match your drawdown, you change REALITY.
  • #52,663
  • Feb 7, 2008 3:04pm Feb 7, 2008 3:04pm
Quoting AmeriTrini
Technical anaylsis always wins in my mind, I just use the fundamentals to confirm these moves. Whenever they conflict however, and they will, go with the technicals.
thx for confirming what i was thinking, all this time i was torn between the 2. Im thinking this is rough time for any person to trade, its really very easy to blow an account as anything seems possible but it has to go up soon as its so under soled
  • #52,664
  • Feb 7, 2008 3:12pm Feb 7, 2008 3:12pm
Quoting cesarnc
I found the light today, coz while BOE cut rates AGAIN and cable plunged 200 pips AGAIN and everybody here is long STILL, the problem could be only on my charts, right?

I think so... So I fixed it. That's what real pro traders do. When reality doesn't match your drawdown, you change REALITY.
the charts predict a downward movement the problem is fundamentally its supposed to go up and every1 realises this but theres always a retracement just wasnt expected to be to big ..lol
trend in large time frames is down...closes are lower each day its not bullish even the upward trendline is broken....
the $ supposed to be weaker as things are apparentely more bleak than in the uk..so this movement isnt expected and people are just waiting for the right buying sign ....
  • #52,665
  • Feb 7, 2008 3:17pm Feb 7, 2008 3:17pm
Quoting cesarnc
I found the light today, coz while BOE cut rates AGAIN and cable plunged 200 pips AGAIN and everybody here is long STILL, the problem could be only on my charts, right?

I think so... So I fixed it. That's what real pro traders do. When reality doesn't match your drawdown, you change REALITY.
Cesarnc - you will end up in the cuckoo house if you change reality !

Quick ! change it back coz we are going up - that is a smooth 'U' shape forming on the 15 minute

Goldman says another 20% coming off US house prices and retail is shot to pieces.. I dont think the US banks passed off car loans and credit cards loans to other world banks so this credit thing aint over

anyway I might be wrong but even the ocean has a bottom so I have shoved a long on and i am leaving it a week to see what happens
  • #52,666
  • Feb 7, 2008 3:18pm Feb 7, 2008 3:18pm
We can say goodbye to cable, he returned to his downtrend channel. Short, short and one more time short. Unless you can reverse your chart like Cesarnc's did it
Attached Image (click to enlarge)
Click to Enlarge Name: cable_channel.gif Size: 8 KB
  • #52,667
  • Feb 7, 2008 3:24pm Feb 7, 2008 3:24pm
Quoting Bones
Me I love a conspiracy theory,I dream them up all the time ,always sceptical of the market

I kept my long term long from 1.9650 to 1.9500 and am now hedged in from there I, still feel long unless that last months low is broken and am looking to drop my short somewhere near there,I mean that pin bar on the monthly is still valid right
Hello Bones, I'm confuse with your number. It should said LONG from 1.9500 to 1.9650, right?
  • #52,668
  • Feb 7, 2008 3:28pm Feb 7, 2008 3:28pm
Quoting AmeriTrini
Technical anaylsis always wins in my mind, I just use the fundamentals to confirm these moves. Whenever they conflict however, and they will, go with the technicals.
I agree 100% with this quote.
  • #52,669
  • Feb 7, 2008 3:33pm Feb 7, 2008 3:33pm
Quoting cesarnc
I found the light today, coz while BOE cut rates AGAIN and cable plunged 200 pips AGAIN and everybody here is long STILL, the problem could be only on my charts, right?

I think so... So I fixed it. That's what real pro traders do. When reality doesn't match your drawdown, you change REALITY.
Damn, I was trying to figure out what TF was that, and what language is on it. You got me big time.

Saludos
  • #52,670
  • Feb 7, 2008 3:35pm Feb 7, 2008 3:35pm
Does any one have some crow for me to eat? Come on now guys, it has to have bottomed, US fundamentals are too weak! Who else is with me, should be a good long trade forming by this evening.
I be pip'n!
  • #52,671
  • Feb 7, 2008 3:40pm Feb 7, 2008 3:40pm
Quoting Jimbezy
Does any one have some crow for me to eat? Come on now guys, it has to have bottomed, US fundamentals are too weak! Who else is with me, should be a good long trade forming by this evening.
Don't know, I found something here...

We could have a retrace and then the completation of this pattern showing in the chart bellow.
Attached Image (click to enlarge)
Click to Enlarge Name: GBP-USD Head & shoulder pattern Feb. 7-2008.png Size: 24 KB
  • #52,672
  • Feb 7, 2008 3:41pm Feb 7, 2008 3:41pm
Quoting cesarnc
I'm sorry man, but when everybody is LONG, LONG it is. I don't really know what makes you feel like "trend is down", WTF. You might have some sort of hidden agenda as to deliberately harm people around here, whatever.

Chart below is CLEAR.

TREND IS UP
I lol'd
USD Est Non Mortuus
  • #52,673
  • Feb 7, 2008 3:49pm Feb 7, 2008 3:49pm
Quoting cesarnc
I'm sorry man, but when everybody is LONG, LONG it is. I don't really know what makes you feel like "trend is down", WTF. You might have some sort of hidden agenda as to deliberately harm people around here, whatever.

Chart below is CLEAR.

TREND IS UP
Hahahaha Ces! Look who's doing the confusing now!
  • #52,674
  • Feb 7, 2008 3:53pm Feb 7, 2008 3:53pm
Quoting Carrera
Hello Bones, I'm confuse with your number. It should said LONG from 1.9500 to 1.9650, right?
No I was long at 1.9650 when price droped to 1.9500 (actually the break) I went short I mean I was looking for a high target but 150 pips was enough.So at the momment i still am looking to drop the short for profit and ride up if I am proved wrong ill drop the long.

I know hedging like this can be frowned on, but for me it works ,rather than a stop.Also Psychologically .
I mean and for the cost of a bet which when you think about it you will buy anyway it sort of gives you another bite of the cherry ,I mean market often turns and bites your arse anyway so you the just drop the hedge
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #52,675
  • Feb 7, 2008 4:05pm Feb 7, 2008 4:05pm
Quoting Bones
No I was long at 1.9650 when price droped to 1.9500 (actually the break) I went short I mean I was looking for a high target but 150 pips was enough.So at the momment i still am looking to drop the short for profit and ride up if I am proved wrong ill drop the long.

I know hedging like this can be frowned on, but for me it works ,rather than a stop.Also Psychologically .
I mean and for the cost of a bet which when you think about it you will buy anyway it sort of gives you another bite of the cherry ,I mean market often turns and bites your arse anyway so you the just drop the hedge
clear, thanks
  • #52,676
  • Feb 7, 2008 4:10pm Feb 7, 2008 4:10pm
1.9426 13 LOT SHORT IN !
Target 1.9285
StopLoss 1.9500
  • #52,677
  • Feb 7, 2008 4:20pm Feb 7, 2008 4:20pm
Quoting FXdaily
1.9426 13 LOT SHORT IN !
Target 1.9285
StopLoss 1.9500
...very bad idea!
  • #52,678
  • Feb 7, 2008 4:24pm Feb 7, 2008 4:24pm
Quoting 30pips
...very bad idea!
Dont read if u dont like you are one bad idea .
I drive Down ...
  • #52,679
  • Feb 7, 2008 4:27pm Feb 7, 2008 4:27pm
Quoting 30pips
...very bad idea!

extremely bad idea!!
  • #52,680
  • Feb 7, 2008 4:29pm Feb 7, 2008 4:29pm
Quoting FXdaily
Dont read if u dont like you are one bad idea .
I drive Down ...
...calm down,hope ur not goin to wipe out your demo account!
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