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Cable Update (GBPUSD)

  • #53,561
  • Feb 14, 2008 2:41am Feb 14, 2008 2:41am
hi again

breaking 1.9728 ... we going to 1.9793
  • #53,562
  • Feb 14, 2008 2:44am Feb 14, 2008 2:44am
Quoting deboooo2005
hi again

breaking 1.9728 ... we going to 1.9793
you are using PIVOTS!!

  • #53,563
  • Feb 14, 2008 2:47am Feb 14, 2008 2:47am
Quoting AmeriTrini
you are using PIVOTS!!

pivots + EMA + MACD
  • #53,564
  • Feb 14, 2008 2:48am Feb 14, 2008 2:48am
Quoting jacobtrader
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..
i like to know what charts you looking at my friend!!! u must of blown our account with your short idea everyday for the last five days!!

and your the one giving newbies free forex advice! giving them lessons on how to lose money by looks of it!!!! NEWBIES STAY AWAY FROM THIS GUY!!
Trading is 80% Emotional, 20% Technical
  • #53,565
  • Feb 14, 2008 2:49am Feb 14, 2008 2:49am
Quoting 4x_Trader
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....
yep long all the way!
Trading is 80% Emotional, 20% Technical
  • #53,566
  • Feb 14, 2008 2:49am Feb 14, 2008 2:49am
Quoting fx local
i like to know what charts you looking at my friend!!! u must of blown our account with your short idea everyday for the last five days!!

and your the one giving newbies free forex advice! giving them lessons on how to lose money by looks of it!!!! NEWBIES STAY AWAY FROM THIS GUY!!
GREAT ADVICE!!

  • #53,567
  • Feb 14, 2008 2:50am Feb 14, 2008 2:50am
Quoting jacobtrader
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..
thnx jacobtrader because i still beleive the cable's medium trend is bearish
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #53,568
  • Feb 14, 2008 2:55am Feb 14, 2008 2:55am
1.9790 is a must on Cable. Possible even today. Then we can expect some correction.
  • #53,569
  • Feb 14, 2008 2:59am Feb 14, 2008 2:59am
Quoting fx local
i like to know what charts you looking at my friend!!! u must of blown our account with your short idea everyday for the last five days!!

and your the one giving newbies free forex advice! giving them lessons on how to lose money by looks of it!!!! NEWBIES STAY AWAY FROM THIS GUY!!
Advice to all newbies in forex ... start to learn and read much and search and follow econemy news ... and work hard on demo acccount before go real ... and dont follow any one ... because i think its 80% succes in forex is confidence with knowledge ... here just opinions and know how people think and there reasons ... thanks
  • #53,570
  • Feb 14, 2008 3:12am Feb 14, 2008 3:12am
lol @ people who have been shorting all week, LOL
Trade what you see, not what you think.
  • #53,571
  • Feb 14, 2008 3:14am Feb 14, 2008 3:14am
Quoting deboooo2005
Advice to all newbies in forex ... start to learn and read much and search and follow econemy news ... and work hard on demo acccount before go real ... and dont follow any one ... because i think its 80% succes in forex is confidence with knowledge ... here just opinions and know how people think and there reasons ... thanks
again good advice, trading all about self learning, DIY do it yourself! dont listen to no "free forex coach" he just out to steal your commiss! read and interpret the charts, find the best timeframe for you and build your own style of trading.

must read for all newer traders: Market Wizards, Trading in the Zone, The disciplined trader -Mark Douglas, Japanese Candlesticks - Nison, Mind over markets by Dalton also good. atlas of economic indicators - Carnes
Trading is 80% Emotional, 20% Technical
  • #53,572
  • Feb 14, 2008 3:16am Feb 14, 2008 3:16am
Quoting AmeriTrini
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!

thx for the tip...but dont u mean weekly
  • #53,573
  • Feb 14, 2008 3:22am Feb 14, 2008 3:22am
Quoting AmeriTrini
you are using PIVOTS!!

Amazing how they work...much resistance at the daily m4 level about 9710, and the weekly r1 about 9700.
  • #53,574
  • Feb 14, 2008 3:41am Feb 14, 2008 3:41am
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!
This is what I saw in my crystal ball the cable must breach the 1.9740 (61.8% of 1.9960-1.9390 also that is the low of Jan 25) targeting 1.9770 (Feb 05 high) all the way to 1.9790 (Feb 04 high) to challenge a major resistance at 1.9820 (Jan 31 low) from there short position favored due to 3 month bear channel lies at 1.9820......just my 2 cents!

Let us see how it goes up by 53.8% ROI as of post time!
  • #53,575
  • Feb 14, 2008 3:42am Feb 14, 2008 3:42am
would the usd retail sales affect cable's bullish momentum if they were better than expected???????????????????
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #53,576
  • Feb 14, 2008 3:44am Feb 14, 2008 3:44am
Quoting salah k.
would the usd retail sales affect cable's bullish momentum if they were better than expected???????????????????
Retail Sales was yesterday (Wednesday)
Today we have TradeBalance.. Important Figure
  • #53,577
  • Feb 14, 2008 3:53am Feb 14, 2008 3:53am
Along with resistance at 9700-9710 , I see in the candles a top depending on which tf you look at....RR track on the 1hr(depending on how this hour finishes); a multi top on the 15min, and a 1-2-3 top on the 5min. Also, negative divergence on MACD, and price outside the upper BB band on the 1h. Along with already having moved 100+ pips today without news, I see a confluence of reasons to go short. Though, with the up-trend of the last 5 days a tight stop above m4 would be prudent.

my 2 pips

make your own assessment and trading decisions, don't blindly follow me or anyone else.
  • #53,578
  • Feb 14, 2008 3:54am Feb 14, 2008 3:54am
Quoting jacobtrader
Retail Sales was yesterday (Wednesday)
Today we have TradeBalance.. Important Figure
yes ur right trade balance i mean. so wat do u think will it affect the gbp momentum.

should i stop my buy positions on gbp/usd.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #53,579
  • Feb 14, 2008 3:55am Feb 14, 2008 3:55am
Quoting jacobtrader
Hold it.. Nothing to panic about..

The pair will journey again downwards..
if you scream for short and the pair does goes short, but in the meantime you lost 150 pips then there is a problem with your trading plan.

Do not look only long term trading indicators but also 15 minutes indicators.. show me where it shows short? And the thing is that for 3 days now 15 minutes indicators are long.
  • #53,580
  • Feb 14, 2008 3:59am Feb 14, 2008 3:59am
Quoting forexguru
if you scream for short and the pair does goes short, but in the meantime you lost 150 pips then there is a problem with your trading plan.

Do not look only long term trading indicators but also 15 minutes indicators.. show me where it shows short? And the thing is that for 3 days now 15 minutes indicators are long.
Best of luck to you. But i will just add this. I am not a NewBee like yourself.. I know whats happening at the moment. I look at long term as well as Short term.. Where in my long term accounts i have adjusting positions..
Short term i ride the horse both ways..

I wouldnt scream about me.. i would see you to look at your own bottoms..

Cause i am happy with the $$ i am making from both sides.. good luck
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