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Cable Update (GBPUSD)

  • #53,961
  • Edited 5:28am Feb 15, 2008 5:27am | Edited 5:28am
Quoting salah k.
its like euro and cable having a different deal today they are working in an inverse manner
Not really.. Cause GU touched its peak. And EURO was lacking behind, So GU was giving time to EU to toch its peak and then come down..
We will see how this builds. Its my view.

These both pairs definately look bearish

If GU hourly candle bar doesnt strikes above 1.9647.. i dont think a bottom has been placed..

Fundamentals
_________________

Since 2 Days we have been recieving good US Datas comparable to EuroZone.
  • #53,962
  • Feb 15, 2008 5:32am Feb 15, 2008 5:32am
Quoting jacobtrader
Not really.. Cause GU touched its peak. And EURO was lacking behind, So GU was giving time to EU to toch its peak and then come down..
We will see how this builds. Its my view.

These both pairs definately look bearish

If GU hourly candle bar doesnt strikes above 1.9647.. i dont think a bottom has been placed..

Fundamentals
_________________

Since 2 Days we have been recieving good US Datas comparable to EuroZone.
i dont know but it seems like cable might hit 19670 and brake this bearish momentum
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #53,963
  • Feb 15, 2008 5:33am Feb 15, 2008 5:33am
aussie is down like 30 pips
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #53,964
  • Feb 15, 2008 5:34am Feb 15, 2008 5:34am
The way I see it
I started to doubt the channel we were in yesterday and sold the break out this morning, and then stopped and revered at 9620 stop loss below today’s lows. A cheeky bet, my bias is still up, this is the second time we’ve been up to that daily down TL in recent times (1st end of Jan) and I am looking for a break, I suppose well need news to do it.
I think were in the new attached channel (which is a nice angle not to steep)and that is what I am trading ,though I know I could easily be wrong, but you gotta start somewhere right,lol
Attached Image (click to enlarge)
Click to Enlarge Name: 4 hr.gif Size: 47 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #53,965
  • Feb 15, 2008 5:37am Feb 15, 2008 5:37am
Confirmation lies EUR/USD and GU has both touched its peak now..
I view as heavy down trend to resume.. We shall see.
  • #53,966
  • Feb 15, 2008 5:42am Feb 15, 2008 5:42am
Quoting YudhaGBP7
CONGRATULATION to this man...
...thank you very much,it was a good trade indeed!
  • #53,967
  • Feb 15, 2008 5:45am Feb 15, 2008 5:45am
Quoting jacobtrader
Confirmation lies EUR/USD and GU has both touched its peak now..
I view as heavy down trend to resume.. We shall see.
it feels like 1.9600 is a pshycological support and once it is hit we might c a major selloff.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #53,968
  • Feb 15, 2008 5:47am Feb 15, 2008 5:47am
Quoting salah k.
it feels like 1.9600 is a pshycological support and once it is hit we might c a major selloff.
true but not true..
1.9606 is a Support line..
1.9600 is Physocological.. but will be broken.. as well as i see 1.9606 to be broken the way the momentum is being built.
  • #53,969
  • Feb 15, 2008 5:47am Feb 15, 2008 5:47am
Quoting jacobtrader
Confirmation lies EUR/USD and GU has both touched its peak now..
I view as heavy down trend to resume.. We shall see.
LOL!
  • #53,970
  • Feb 15, 2008 5:48am Feb 15, 2008 5:48am
Quoting forexmoments
LOL!
LOL = Lots of Leaking of Truth
  • #53,971
  • Feb 15, 2008 5:54am Feb 15, 2008 5:54am
Quoting Moe
i use to do stupid shit like this back in the day, had to stop blew to many account. sweet nightmare's.
Moe AKA Mr Novice.....you've no clue,FYI the tech was clear cable was in its way down after cable crossed below 9682 and bounced back many times without touching 9725,seems you're still on those days when you used to do stupid shit ,hope you didnt blew up your account!
  • #53,972
  • Feb 15, 2008 5:56am Feb 15, 2008 5:56am
Could this reverse ? Or do downtrend continue ? A bar established outside support would tell us.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 15m.gif Size: 26 KB
Measure twice, cut once
  • #53,973
  • Feb 15, 2008 5:57am Feb 15, 2008 5:57am
30pips you should be sleeping
  • #53,974
  • Feb 15, 2008 5:59am Feb 15, 2008 5:59am
Anyone know where to get some elliot wave charts, like quick? I know they're on DailyFx, but I can't find recent ones!
  • #53,975
  • Feb 15, 2008 5:59am Feb 15, 2008 5:59am
Quoting 30pips
Moe AKA Mr Novice.....you've no clue,FYI the tech was clear cable was in its way down after cable crossed below 9682 and bounced back many times without touching 9725,seems you're still on those days when you used to do stupid shit ,hope you didnt blew up your account!

HAHAHAHHAHA...
  • #53,976
  • Feb 15, 2008 6:01am Feb 15, 2008 6:01am
im wait for 580
  • #53,977
  • Feb 15, 2008 6:02am Feb 15, 2008 6:02am
Quoting 30pips
Moe AKA Mr Novice.....you've no clue,FYI the tech was clear cable was in its way down after cable crossed below 9682 and bounced back many times without touching 9725,seems you're still on those days when you used to do stupid shit ,hope you didnt blew up your account!
lol, that still don't take away not putting stop loss on your trade, good trade for you , i stand by what i said early.
If I Go Broke Trying Then I Will die happy.
  • #53,978
  • Feb 15, 2008 6:04am Feb 15, 2008 6:04am
Quoting jacobtrader
HAHAHAHHAHA...
must i crush you again, na ima let it go. :
If I Go Broke Trying Then I Will die happy.
  • #53,979
  • Feb 15, 2008 6:06am Feb 15, 2008 6:06am
Quoting Moe
must i crush you again, na ima let it go. :
You are nothing buddy. just a new player in this industry.. I prefer ignoring newbies like you, cause i am not here to chat with attitude guys like you. So carry on what goes in your mind.. I am Enjoying..

I hope you didnt lose alot.. Keep learning.. teach when you are Smart..
  • #53,980
  • Feb 15, 2008 6:11am Feb 15, 2008 6:11am
Quoting jacobtrader
You are nothing buddy. just a new player in this industry.. I prefer ignoring newbies like you, cause i am not here to chat with attitude guys like you. So carry on what goes in your mind.. I am Enjoying..

I hope you didnt lose alot.. Keep learning.. teach when you are Smart..
:
If I Go Broke Trying Then I Will die happy.
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