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Cable Update (GBPUSD)

  • #53,601
  • Feb 14, 2008 4:30am Feb 14, 2008 4:30am
Quoting YudhaGBP7
be careful.... hourly candle shows bearish engulfing pattern...
Correct! BEAR careful!

The GBP had been supported through the week by positive PPI and BOE inflation reports, which suggested there is no need for more BOE action this quarter, and this continues to be a theme behind trade. FYI
  • #53,602
  • Feb 14, 2008 4:31am Feb 14, 2008 4:31am
Quoting Moe
a coulpe of good calls and people here was calling him a forex god, there's to many trader's here looking for direction, word of advice build your own system you woudn't have to ask what to do next.
Haha.. this guy is total Jealous.. lots of Attitude problem in his blood..

Moe continue this humour.. i will grab some food.

And remember MOE, continue all this Blabber, cause you are one funny Jealous guy around.. that i am loving it..

Continue....
  • #53,603
  • Feb 14, 2008 4:33am Feb 14, 2008 4:33am
Quoting jacobtrader
Hahaha.. thanks for the Humour.. But a record of who was saying a rise and who was saying a Fall is still present in this thread..
And many of the Users of this Forum know, that there was a Huge fall, whe i was advicing for a Short, where lots of people made 200 PIPS, some made 100 Pips and so forth.

And i still say, dont follow my advice, but i cant do anything, when people for the fact know, that the price went in to the direction as mentioned earlier, but requires a KEY in this Business - PATIENCE!!.

Which i have been seeing, many of the traders dont have this, and keep on losing there bottoms..

And i sense MOE are you one of them :
people even in london are crying because their houses r losing their prices in addition to the credit crunch i mean doesnt it seem like wat happened in the US in october will happen to UK so how long till that hits cable and we see it breaking its 1.93 support.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #53,604
  • Feb 14, 2008 4:34am Feb 14, 2008 4:34am
jacobtrader, stop being a megalomaniacal twonk.

anyway, back to GBP _ I agree with previous poster that this is looking like bearish engulfment. BOE very worried about inflation, which is its remit, NOT growth.
TRADE FOR SWAP
  • #53,605
  • Feb 14, 2008 4:34am Feb 14, 2008 4:34am
moe u are doing just fine,...hijaking cable tread...,...on my charts cable should test 1.98772 before retest 9700-9666, and if holds, then the door is open for attack 2.0....dont trade that, i aint...:
its just money
  • #53,606
  • Feb 14, 2008 4:34am Feb 14, 2008 4:34am
Quoting jacobtrader
Haha.. this guy is total Jealous.. lots of Attitude problem in his blood..

Moe continue this humour.. i will grab some food.

And remember MOE, continue all this Blabber, cause you are one funny Jealous guy around.. that i am loving it..

Continue....
If I Go Broke Trying Then I Will die happy.
  • #53,607
  • Feb 14, 2008 4:36am Feb 14, 2008 4:36am
Hahha lots of funny people around here..
  • #53,608
  • Feb 14, 2008 4:38am Feb 14, 2008 4:38am
Quoting jacobtrader
Hahaha.. thanks for the Humour.. But a record of who was saying a rise and who was saying a Fall is still present in this thread..
And many of the Users of this Forum know, that there was a Huge fall, whe i was advicing for a Short, where lots of people made 200 PIPS, some made 100 Pips and so forth.

And i still say, dont follow my advice, but i cant do anything, when people for the fact know, that the price went in to the direction as mentioned earlier, but requires a KEY in this Business - PATIENCE!!.

Which i have been seeing, many of the traders dont have this, and keep on losing there bottoms..

And i sense MOE are you one of them :
any good call u may have made has easily been smashed out by the continuing bad short calling for the last 5 five trading days!

good trader knows when he is wrong and admits it but seem to be married to your short call!! isuppose u hold something long enough it shall eventually turn in your favor! but bad way of trading... poor money management
Trading is 80% Emotional, 20% Technical
  • #53,609
  • Feb 14, 2008 4:39am Feb 14, 2008 4:39am
Quoting jacobtrader
Hahha lots of funny people around here..
no, your the only funny one, the jokes on you.
If I Go Broke Trying Then I Will die happy.
  • #53,610
  • Feb 14, 2008 4:41am Feb 14, 2008 4:41am
we all know the pair is in a downtrend but there is something called retracement which jacob can't observe it seems, and once downtrend continues jacob is going to come back and say 'I told you so' lol

everyone relax
Trade what you see, not what you think.
  • #53,611
  • Feb 14, 2008 4:41am Feb 14, 2008 4:41am
Quoting jacobtrader
Hahah.. That tells me i am popular with lots of envious going on here.. Its natural.. no problem.. go on.. i am Happy with anything you say
Sorry but MOE is the guy who lost lots when he was challenging to go Bullish when the price fell from it was 1.98 levels.. when everyone were stating for a rise.. and we saw a big drop..

And still the pair is bearish.. Its a Wait and Watch scenerio.. so Enjoy!!
For now I'm short with you, already posted my reasons why but I see it only as best a few pips on a countertrend move, price already bounced off today's 38% retrace level, let's see if it's contained by previous resistance at 9700-9710...or blows thru it this time.:
  • #53,612
  • Feb 14, 2008 4:43am Feb 14, 2008 4:43am
Quoting karmostaji
we all know the pair is in a downtrend but there is something called retracement which jacob can't observe it seems, and once downtrend continues jacob is going to come back and say 'I told you so' lol

everyone relax
You said so karmostaji....
  • #53,613
  • Feb 14, 2008 4:46am Feb 14, 2008 4:46am
Guys please read this, you will understand my point of view.

http://forexfactory.com/showthread.php?t=39550
If I Go Broke Trying Then I Will die happy.
  • #53,614
  • Feb 14, 2008 4:48am Feb 14, 2008 4:48am
Quoting karmostaji
we all know the pair is in a downtrend but there is something called retracement which jacob can't observe it seems, and once downtrend continues jacob is going to come back and say 'I told you so' lol

everyone relax
where is the highest point it might reach in its retracement and what do u think is the key support?????
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #53,615
  • Feb 14, 2008 4:48am Feb 14, 2008 4:48am
well we saw many ppl going short at 1.99 last year, when it went to 2.06,...with 300 pips in negative teritory at 2.0366 they manage to use stops ("hedge"),...and it just blew for another 300 pips, so who here dares to say that history wouldnt repeat itself? ...
its just money
  • #53,616
  • Feb 14, 2008 4:49am Feb 14, 2008 4:49am
Quoting Moe
Guys please read this, you will understand my point of view.

http://forexfactory.com/showthread.php?t=39550
Thanks for the encore Moe.....

HOLLA
  • #53,617
  • Feb 14, 2008 4:51am Feb 14, 2008 4:51am
Quoting de123
well we saw many ppl going short at 1.99 last year, when it went to 2.06,...with 300 pips in negative teritory at 2.0366 they manage to use stops ("hedge"),...and it just blew for another 300 pips, so who here dares to say that history wouldnt repeat itself? ...
I dont think there was a housing problem or a credit crunch last time so i dont think its the same environment as the one provided last time but im still new at this so u probably know better.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #53,618
  • Feb 14, 2008 4:52am Feb 14, 2008 4:52am
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!

??? u ever seen pattern, climb under 61.8 fib straight over 38.2?
I never seen it! besides, DOW Jones wouldnt just go completed nuts today. look its future trading 12582, is already in cable trading price...
may be tomorrow, for today, i short from here
  • #53,619
  • Feb 14, 2008 4:53am Feb 14, 2008 4:53am
http://forexfactory.com/showthread.php?t=39550
If I Go Broke Trying Then I Will die happy.
  • #53,620
  • Feb 14, 2008 4:55am Feb 14, 2008 4:55am
Quoting Turtle
Thanks for the encore Moe.....

HOLLA
If I Go Broke Trying Then I Will die happy.
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