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Cable Update (GBPUSD)

  • #53,221
  • Feb 12, 2008 8:56am Feb 12, 2008 8:56am
instead of concentrating on my trading I was making fun with jacob.. I turned my good profit into loss.. well.. everytime I lose I learn something new.. and all is about getting concentrated on your actions.

I had another good lesson today.

good luck with your short jacobtrader but you better change your mind about it.
  • #53,222
  • Feb 12, 2008 8:57am Feb 12, 2008 8:57am
Quoting FXdaily
Man dont u see want i say something tommorrow we ride more 100 pipses down with NEWs why LONG here day end today 1,93 area and tommorrow is 1,9225 target thinkable...
....you're toast !
  • #53,223
  • Feb 12, 2008 8:57am Feb 12, 2008 8:57am
Quoting karmostaji
after we go up 200 pips? lol
Haha.. Many of you behaving the same as when i mentioned a fall to come.. and we saw atleast 400 PIPS down..

Just wait and see .. is all i can say...

I am happy of how my trades are moving...
MM applies in all trades very heavily..

Just be patient.. rewards are truly potential..

At the current moment, GU is Bearish!

No sign of Bullish until we havent capped the Important levels and solid bearish trend line..

I am little buzy for the moment, I will post the Charts later today.. thanks.
  • #53,224
  • Feb 12, 2008 8:58am Feb 12, 2008 8:58am
holy crap. Am I allowed to say I Told you so lol!! wiicked.....
So... cmon... who was right Since Friday ??? cmon you can say it.. i was.. i was... lol
And your mouth dropped
  • #53,225
  • Feb 12, 2008 8:59am Feb 12, 2008 8:59am
Quoting 30pips
....you're toast !
ouch!! that must of hurt, thats why stop losses there for
Trading is 80% Emotional, 20% Technical
  • #53,226
  • Feb 12, 2008 8:59am Feb 12, 2008 8:59am
keep your head up GURU plan your work, work your plan
GREED IS THE ULTIMATE INDICATOR
  • #53,227
  • Feb 12, 2008 9:01am Feb 12, 2008 9:01am
Quoting jacobtrader
Haha.. Many of you behaving the same as when i mentioned a fall to come.. and we saw atleast 400 PIPS down..

Just wait and see .. is all i can say...

I am happy of how my trades are moving...
MM applies in all trades very heavily..

Just be patient.. rewards are truly potential..

At the current moment, GU is Bearish!

No sign of Bullish until we havent capped the Important levels and solid bearish trend line..

I am little buzy for the moment, I will post the Charts later today.. thanks.

check your daily chart, could be potential double bottom formation
Trading is 80% Emotional, 20% Technical
  • #53,228
  • Feb 12, 2008 9:02am Feb 12, 2008 9:02am
Quoting fxcellent
keep your head up GURU plan your work, work your plan
I have a good trading plan.. my problem is to stick to my exits.... I will work on it.. thanks anyway.
  • #53,229
  • Feb 12, 2008 9:02am Feb 12, 2008 9:02am
treandline is officially broken.......Will wait to see if we get a flag or pennent pattern to decide next trade till then NEWS BABY NEWS!!!
GREED IS THE ULTIMATE INDICATOR
  • #53,230
  • Feb 12, 2008 9:04am Feb 12, 2008 9:04am
Quoting forexguru
instead of concentrating on my trading I was making fun with jacob.. I turned my good profit into loss.. well.. everytime I lose I learn something new.. and all is about getting concentrated on your actions.

I had another good lesson today.

good luck with your short jacobtrader but you better change your mind about it.
apparently u havent learned another lesson, dont make excuses and blame your trades on other ppl. You made the call.
  • #53,231
  • Feb 12, 2008 9:05am Feb 12, 2008 9:05am
Quoting jacobtrader
And to support my Statement i will post Charts soon.
This will be a HUGE Fall once it starts.. I am expecting atleast 400 PIPS downside..
It's ok all this about GBP is a short - but what is so good about the USD ?
Just look at the mess in the US economy and tell me what is so glorious about the USD's future ? Those who say the GBP is shot have to say what is so attractive about USD

Did I miss something ? did the twin deficits go away or did the 'war' end or did US employment and GDP pick up ? Why is the US dollar such a good investment ?

The MAJORITY of people in the US believe that the world is less than 10 thousand years old and humans walked with dinosaurs - so I am not going with the majority on this 'GBP is finished ' stuff
  • #53,232
  • Feb 12, 2008 9:07am Feb 12, 2008 9:07am
Quoting traderchan
apparently u havent learned another lesson, dont make excuses and blame your trades on other ppl. You made the call.
yes I said people to go long since 9470.. I made more than 50 pips on this myself.. and then I had a light indication that price could fall.. but I should stick to my longer time indication... so finally I failed on this is true.
  • #53,233
  • Feb 12, 2008 9:12am Feb 12, 2008 9:12am
Quoting jacobtrader
And to support my Statement i will post Charts soon.
This will be a HUGE Fall once it starts.. I am expecting atleast 400 PIPS downside..
this is true.. we are on bearish terittory unless price pass 1.9650
  • #53,234
  • Edited 10:07am Feb 12, 2008 9:12am | Edited 10:07am
Nono.. guys... Listen to what i say for once. i know i may be canadian.. but dang... lol. expect this month to be long, i still stand true to trades that are short. but once in a while i will go in for some longs.

Take a look at the monthly, there was a double bottom formed on the daily, if you look at the 4 hour charts you can see she has created it perfectky and she going to head up for a correction from that pimple she created on the daily. this month expected to go up. but dont be Blind guys, the trend is Still a downwards trend for the most of this year, but overall we ARE on an up trend in a yearly base.

That said.. WOOT i was in this trade since thursday... i saw this since thursday night , i just shorted for a quick retracement, expect another crazy move, i cant determin which way just yet, but ill be happy to let yall know
And your mouth dropped
  • #53,235
  • Edited 9:13am Feb 12, 2008 9:12am | Edited 9:13am
Quoting allserene
It's ok all this about GBP is a short - but what is so good about the USD ?
Just look at the mess in the US economy and tell me what is so glorious about the USD's future ? Those who say the GBP is shot have to say what is so attractive about USD

Did I miss something ? did the twin deficits go away or did the 'war' end or did US employment and GDP pick up ? Why is the US dollar such a good investment ?

The MAJORITY of people in the US believe that the world is less than 10 thousand years old and humans walked with dinosaurs - so I am not going with the majority on this 'GBP is finished ' stuff

well said!! dollar strength prob due to all the market players positioned one way dollar Short. history tells us whenever every1 in the markets is facing one way the fall off is usually strong.

dollar was due a good bounce iguess, as sterling was due a good sell off.
Trading is 80% Emotional, 20% Technical
  • #53,236
  • Feb 12, 2008 9:13am Feb 12, 2008 9:13am
Quoting allserene
It's ok all this about GBP is a short - but what is so good about the USD ?
Just look at the mess in the US economy and tell me what is so glorious about the USD's future ? Those who say the GBP is shot have to say what is so attractive about USD

Did I miss something ? did the twin deficits go away or did the 'war' end or did US employment and GDP pick up ? Why is the US dollar such a good investment ?

The MAJORITY of people in the US believe that the world is less than 10 thousand years old and humans walked with dinosaurs - so I am not going with the majority on this 'GBP is finished ' stuff

Give me a Simple Answer Why GU has been falling since 9th Nov 2007 when prices were around 2.11 levels
That will explain me how much fundamentally you understand things.. If you say USD future aint good.. Why did it keep continuing falling from that levels till Now..
I would like to discuss this topic.. so probably we both can learn and share our views.

And i have lots of things to shed light Fundamentally as well as Technically why GU will fall..
  • #53,237
  • Feb 12, 2008 9:16am Feb 12, 2008 9:16am
too many countries depend on the dollar...look at the crap that has been comin out of the US and what dollar holds strong...too many countries stand to loos if the dollar tanks...wont happen...anyway the GBP is riding US coat tails (look at this morning news....also look at the monthly and weekly charts
GREED IS THE ULTIMATE INDICATOR
  • #53,238
  • Feb 12, 2008 9:17am Feb 12, 2008 9:17am
Quoting deboooo2005
i just mention in the morning ... how cable will act ... breaking 1.9558 it will go to 1.9608 then 1.9687 and i leave all newbie talks about short .... and i'll not put sell or buy signals here in forum ...

just i talk about the direction when breakout happen ... thanks
clising daily channel above 1.9541 ... good sign for 1.9700
  • #53,239
  • Feb 12, 2008 9:17am Feb 12, 2008 9:17am
Quoting fx local
well said!! dollar strength prob due to all the market players positioned one way dollar Short. history tells us whenever every1 in the markets is facing one way the fall off is usually strong.

dollar was due a good bounce iguess, as sterling was due a good sell off.
warren buffett offered to reinsure the 3 troubled bond insurers in US, if u look at stocks since he spoke on CNBC they have all taken a bid ultimately resulting in euro/euroyen +cable/cableyen going bid due to more risk taking or less risk aversion - high yielders going up
Trading is 80% Emotional, 20% Technical
  • #53,240
  • Feb 12, 2008 9:24am Feb 12, 2008 9:24am
Quoting makey2u
Nono.. guys... Listen to what i say for once. i know i may be canadian.. but dang... lol. expeect this month to be Bearish(longs), i still stand true to bullish trades(shorts) but once in a while i will go in for some longs.

Take a look at the monthly, there was a double bottom formed on the daily, if you look at the 4 hour charts you can see she has created it perfectky and she going to head up for a correction from that pimple she created on the daily. this month expected to go up. but dont be Blind guys, the trend is Still a downwards trend for the most of this year, but overall we ARE on an up trend in a yearly base.

That said.. WOOT i was in this trade since thursday... i saw this since thursday night , i just shorted for a quick retracement, expect another crazy move, i cant determin which way just yet, but ill be happy to let yall know
I think we need to define our terms - a long means GBP goes up against the USD (a GBP is worth more USD) and a short is the opposite.
We must use the same terminology - and the plural of pip is pips and not pipses - pipses are what pixies have stuck between their teeth.
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