A real nice uptrend on the 4 hour chart.. I've been long for quite a while from 9600. since the 6th feb.. targetting 9950. resistance at 9720 first..
Cable Update (GBPUSD)
- #53,622
- Feb 14, 2008 4:59am Feb 14, 2008 4:59am
- Joined Apr 2007 | Status: Trader | 2,387 Posts
"what doesn't bankrupt me, makes me stronger" modern nietzche
- #53,623
- Feb 14, 2008 5:00am Feb 14, 2008 5:00am
- Joined Jul 2007 | Status: Never Give In | 2,518 Posts
Humble Lifetime Member
- #53,624
- Feb 14, 2008 5:02am Feb 14, 2008 5:02am
- | Joined Dec 2007 | Status: Senior Member | 1,461 Posts
Trading is 80% Emotional, 20% Technical
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
It all depends on your perspective...or timeframe. On the very short term I am short...but it is counter-trend.
- #53,626
- Feb 14, 2008 5:06am Feb 14, 2008 5:06am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #53,627
- Feb 14, 2008 5:06am Feb 14, 2008 5:06am
- | Membership Revoked | Joined Mar 2005 | 4,703 Posts
If I Go Broke Trying Then I Will die happy.
- #53,628
- Feb 14, 2008 5:09am Feb 14, 2008 5:09am
- Joined Apr 2007 | Status: Trader | 2,387 Posts
"what doesn't bankrupt me, makes me stronger" modern nietzche
- #53,629
- Feb 14, 2008 5:11am Feb 14, 2008 5:11am
Nice article Moe but let us face the truth that most of our brothers here specially a newbie in FF needs a guide in order for them to trade profitably
they are in control of trading their own account and just like me each of us here has a favorite analysts which has a proven track record based on their trading call posted in this forum, as for me allow me to reiterate an excerpts in one of forex article that "what I'm saying is by way of discourse and not by way of advice I should not speak so boldly if it were my due to be believed"
BTW Moe you're one of my favorite
remember the times you gave as a profitable trading call 5mins before the important US data comes out I miss that one dude! Way to go Moe! - #53,631
- Feb 14, 2008 5:15am Feb 14, 2008 5:15am
- | Membership Revoked | Joined Mar 2005 | 4,703 Posts
Nice article Moe but let us face the truth that most of our brothers here specially a newbie in FF needs a guide in order for them to trade profitably
they are in control of trading their own account and just like me each of us here has a favorite analysts which has a proven track record based on their trading call posted in this forum, as for me allow me to reiterate an excerpts in one of forex article that "what I'm saying is by way of discourse and not by way of advice I should not speak so boldly if it were my due to be believed"
BTW Moe you're one of my favorite
If I Go Broke Trying Then I Will die happy.
- #53,632
- Feb 14, 2008 5:18am Feb 14, 2008 5:18am
- | Joined Dec 2007 | Status: Senior Member | 1,461 Posts
Trading is 80% Emotional, 20% Technical
- #53,633
- Edited 5:31am Feb 14, 2008 5:21am | Edited 5:31am
LOL, you remember my news trading days, yeah i miss those days too, i no longer trade the news, im a swing trader, must better for my health.
- #53,634
- Feb 14, 2008 5:24am Feb 14, 2008 5:24am
- | Membership Revoked | Joined Mar 2005 | 4,703 Posts
If I Go Broke Trying Then I Will die happy.
- #53,636
- Feb 14, 2008 5:36am Feb 14, 2008 5:36am
- | Membership Revoked | Joined Mar 2005 | 4,703 Posts
Enjoy Guys, May The Pips Be With You,
If I Go Broke Trying Then I Will die happy.
- #53,637
- Feb 14, 2008 5:47am Feb 14, 2008 5:47am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
What downtrend? You mean this little 38% retracement of the uptrend of the last 2 years? And I'll dare say price already hit bottom.
It all depends on your perspective...or timeframe. On the very short term I am short...but it is counter-trend.
Trade what you see, not what you think.
- #53,638
- Feb 14, 2008 5:50am Feb 14, 2008 5:50am
- Joined Apr 2007 | Status: Trader | 2,387 Posts
"what doesn't bankrupt me, makes me stronger" modern nietzche
- #53,639
- Feb 14, 2008 5:50am Feb 14, 2008 5:50am
- Joined Jul 2007 | Status: Senior Member | 1,553 Posts
Ok I cut around 15 minutes from my family time: to FF “my other family
” to make the analysis… but in text format:
GBPUSD general trend is down, yesterday close 1.9625
unknown area limitation:
Up: 1.9650
Down: 1.9610
uptrend targets:
1.9692
1.9776
1.9855
Downtrend targets:
1.9594
1.9552
1.9500
Strong support’s:
1.9555
1.9527
1.9423
Strong resistant’s:
1.9689
1.9717
1.9803
1.9650 to 1.9692 & to the resisyant's 1.9689 & 1.9717 cool, 67 pip