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Cable Update (GBPUSD)

  • #53,541
  • Feb 13, 2008 11:56pm Feb 13, 2008 11:56pm
well im curiouse.... do you really think the GBP will start to be like this all the time now? because only after 2001 was this opened to public, and after 2006 we've seen the ranges so we expect something different? thats what im hoping... i really hope she changes trends because if she strats going Down, then we know exactly what to look for (please break the monthly trend ) lol anyone else with my hopes??
And your mouth dropped
  • #53,542
  • Feb 14, 2008 1:09am Feb 14, 2008 1:09am
ok long until 745
  • #53,543
  • Feb 14, 2008 1:27am Feb 14, 2008 1:27am
Quoting X-CooL
ok long until 745
cable facing resistance @ 1.9728
  • #53,544
  • Feb 14, 2008 1:40am Feb 14, 2008 1:40am
Quoting deboooo2005
cable facing resistance @ 1.9728
....that will be good because my target is below that...go cable go cable gooooooooooooooooooooooooo!
  • #53,545
  • Feb 14, 2008 1:48am Feb 14, 2008 1:48am
Quoting deboooo2005
cable facing resistance @ 1.9728
Yeah, 1.9728, or there abouts.
Attached Image (click to enlarge)
Click to Enlarge Name: cable_down.gif Size: 22 KB
  • #53,546
  • Feb 14, 2008 1:54am Feb 14, 2008 1:54am
Quoting forexmoments
Yeah, 1.9728, or there abouts.
In the Malaysian thread, you said its time for the gbp/usd to go back down. Now you want it to go up???
  • #53,547
  • Feb 14, 2008 2:05am Feb 14, 2008 2:05am
Nope, I'm wanting it to go back down!!! Stochastics are overbought on daily, and the trendline is showing great resistance generated from previous days.

I am already holding a short from a couple of hours ago.
  • #53,548
  • Feb 14, 2008 2:09am Feb 14, 2008 2:09am
Quoting forexmoments
Nope, I'm wanting it to go back down!!! Stochastics are overbought on daily, and the trendline is showing great resistance generated from previous days.

I am already holding a short from a couple of hours ago.
well thanks for the info. I just closed out 102 pips, enough for today!!

Ill buy again on a dip, depending on what Mr. Bernanke says.

.....but look at her climb, gotta love it!!

  • #53,549
  • Feb 14, 2008 2:17am Feb 14, 2008 2:17am
this market is trading crazy with euro bulls and gbp bulls probably laughing how they trick the market so easily

bad numbers for euro area, bad numbers in the lastest days from uk. good news from usa = dollar being sold off hard. WTH!!!!!!
  • #53,550
  • Feb 14, 2008 2:18am Feb 14, 2008 2:18am
Quoting AmeriTrini
well thanks for the info. I just closed out 102 pips, enough for today!!

Ill buy again on a dip, depending on what Mr. Bernanke says.

.....but look at her climb, gotta love it!!

Why stop, time for short - retracment, no?
  • #53,551
  • Feb 14, 2008 2:19am Feb 14, 2008 2:19am
Quoting forexmoments
Nope, I'm wanting it to go back down!!! Stochastics are overbought on daily, and the trendline is showing great resistance generated from previous days.

I am already holding a short from a couple of hours ago.
Hold it.. Nothing to panic about..

The pair will journey again downwards..
  • #53,552
  • Feb 14, 2008 2:19am Feb 14, 2008 2:19am
Quoting acidguy
this market is trading crazy with euro bulls and gbp bulls probably laughing how they trick the market so easily

bad numbers for euro area, bad numbers in the lastest days from uk. good news from usa = dollar being sold off hard. WTH!!!!!!
You are not looking at your charts, always always always look at your charts. You would have seen this like I told you.
  • #53,553
  • Feb 14, 2008 2:20am Feb 14, 2008 2:20am
Quoting Runway Trade
Why stop, time for short - retracment, no?
Just sticking to my trading plan, thats all.
  • #53,554
  • Feb 14, 2008 2:24am Feb 14, 2008 2:24am
i need to ask u guys what was that climb about i mean was there any news behind it or anything??????????????
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #53,555
  • Feb 14, 2008 2:26am Feb 14, 2008 2:26am
Quoting salah k.
i need to ask u guys what was that climb about i mean was there any news behind it or anything??????????????
No. This was eating up the stops in European Session.
Technically this pair is Bearish. And i still vision a Big Drop..
Current prices are good place to short as well..

There is no news at all.. favoring this upside.. and Technical suggests for a Huge drop..
  • #53,556
  • Feb 14, 2008 2:27am Feb 14, 2008 2:27am
I cant believe that seeing the higher lows and higher highs, someone would short this market.
  • #53,557
  • Feb 14, 2008 2:35am Feb 14, 2008 2:35am
absolutely ...this week has been great for me ....i just follow the chart and it always said the bulls were going to fight im up 100 pips too
i just wish it was a real account still at least im making profit...
  • #53,558
  • Feb 14, 2008 2:35am Feb 14, 2008 2:35am
Quoting 4x_Trader
Go ahead sell GBP now against the $ and you will cry later! Joke3x!

Common guys trade with what you see not what you think I saw 1.97 level b4 1.95-1.94......just my 2 cents!
Whew it looks like I have a reliable crystal ball M out of the market now those of you who follow my trade call congrats bro many pips to come 'til then....
  • #53,559
  • Feb 14, 2008 2:38am Feb 14, 2008 2:38am
Quoting nAVIN2007
absolutely ...this week has been great for me ....i just follow the chart and it always said the bulls were going to fight im up 100 pips too
i just wish it was a real account still at least im making profit...
Its going to test that 38.2% fib. on the daily, just watch and see. Just keep buying on a dip till then and you'll be in great shape!

happy trading!

  • #53,560
  • Feb 14, 2008 2:39am Feb 14, 2008 2:39am
Quoting 4x_Trader
Present! Long @ 1.9600 targeting 1.9710 (Feb 05 high [intraday]) sl @ 1.9530 (1 pip below Feb 11 high) let us see how it goes.....
What a trade it was! Done and done.....
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